Stock Market: The Thread

[yk9001]

do you know how much money you could have made if from last friday, you got in at 12:55 on the down days, and out at 12:55 on the next day (which has been up)?

I am thinking of dipping my toe in at 12:55

[Angel Oracle]

Sybill is alive and well with this market.

[yk9001]

Okay, I put 5k in VOO at the end of the day.  I am out either way tomorrow.

[Tank]

11 minutes ago, yk9001 said:

Okay, I put 5k in VOO at the end of the day.  I am out either way tomorrow.

so, at the next aw.com tailgater, either you're paying for the whole thing or we're wrapping up a few leftovers for you to take home for a meal or two.

[yk9001]

16 hours ago, yk9001 said:

Okay, I put 5k in VOO at the end of the day.  I am out either way tomorrow.

Of course, the time I try to jump in is the time the up/down/up/down streak is broken.

I'm out with a 2.7% loss

[Lhalo]

[T.G.]

I'm going to jump out of my window now....

Luckily, I'm only in a one story building.

[St1ck]

[yk9001]

Lets think about this.

We haven't had one negative earnings report yet about the virus affecting sales.  Or a company's supply chain.

[yk9001]

On 2/28/2020 at 11:32 AM, mrwicked said:

i love clearance sales on equities. 

it's expected volatility.

all it means is we are back to october 2019 levels. another way to look at it: since early October stocks had rallied 11% (ie a lot). we just gave that back. oh well. 

Now we're back to August.

[mrwicked]

11 minutes ago, yk9001 said:

Now we're back to August.

Nice, even cheaper. 

[Lhalo]

The 10 year dipping below .7% is some scary shit. If the Fed fires their remaining bullets and takes us to negative rates this economy will shit the bed, the couch and the porch.

[Lhalo]

The market is rising into the close on rumors the Fed will intervene again.

[Catwhoshatinthehat]

One of the money channels was interviewing someone earlier in the week who pointed out it's not like there was a shortage of liquidity or loans available that warranted the fed move.  Scary shit considering it's the last trick they have in their bag at this point.  

[yk9001]

58 minutes ago, Lhalo said:

The market is rising into the close on rumors the Fed will intervene again.

Weren't we here a week ago at this point?

[Lhalo]

I bet the Fed cuts rates and then implements another TARP-like program to save the airlines and cruise companies. Time to fire up the money printing machines.

[fan_since79]

Larry Kudlow was on TV this morning talking about the need for a "targeted stimulus", and the Dow jumped 500 points off its low in a matter of minutes.

He's in charge of the president's economic team, so consider it a a done deal. But he wouldn't give any details. Obviously they will provide some funding for airlines, cruise lines, hotels, etc., and other industries clobbered by this virus. JetBlue was down 33% in the past few weeks and that's got to hurt their operating financials a lot.

 

[fan_since79]

3 hours ago, mrwicked said:

Nice, even cheaper. 

You know the market could conceivably drop another 20-30% from here before it finally bottoms. Watch for indexes to fall below key support levels. That's not a good sign.

Be careful out there. Find some beaten-down companies that are far below their intrinsic value but with decent financials. Cash is okay right now as the storm rages.

[yk9001]

1 hour ago, fan_since79 said:

Larry Kudlow was on TV this morning talking about the need for a "targeted stimulus", and the Dow jumped 500 points off its low in a matter of minutes.

He's in charge of the president's economic team, so consider it a a done deal. But he wouldn't give any details. Obviously they will provide some funding for airlines, cruise lines, hotels, etc., and other industries clobbered by this virus. JetBlue was down 33% in the past few weeks and that's got to hurt their operating financials a lot.

 

I love the way magas complain about socialism with Bernie. 

Hypocrites

[Lhalo]

1 hour ago, yk9001 said:

I love the way magas complain about socialism with Bernie. 

Hypocrites

Both sides are absolutely ridiculous with market intervention and bullshit “stimulus packages”. Bush did it in 2008 with TARP, Obama signed the “American Recovery and Reinvestment Act”, and now Trump is going to piss away billions to once again prop up an over-inflated market. 
 

The economy should have been allowed to correct itself after the housing crash but instead Wall Street and the government worked together to create bubbles in both the housing and stock markets. Now we inch ever closer to the point of economic collapse (the Great Reset as it’s called) and our “lender of last resort” The Federal Reserve has already shot its wad with only 125 basis points left to give. I look forward to more good money thrown after bad with  prime mortgage rates in the low 2’s and maybe even high 1’s right before this shitshow falls off a cliff. What a time to be alive. 

[Lhalo]

FWIW I think the commies are going to force their citizens back to work despite health concerns and imports will rebound after the initial shock. Rates will remain low though because the Fed is trapped in low rate land. A temporary housing boom might not be out of the question. I stayed at a Holiday Inn last night so you can take it to the bank. 

[ten ocho recon scout]

So on a serious note, is this a good time to buy stocks?

[Blarg]

No. Buy socks. 

[Lhalo]

3 hours ago, ten ocho recon scout said:

So on a serious note, is this a good time to buy stocks?

Futures are down 4%. It’s not lookin’ good. 

[fan_since79]

I will not try to catch a falling knife. This is brutal.

Indexes will fall below crucial support levels and that's not good.

Impossible to time the bottom.