stock market was up today...

[05_never_again]

I'm impressed. Bugs and Walter were both far to the Left.

Bugs thought gender was a social construct.

 

[Thunder Good-Oil]

Bugs thought gender was a social construct.

Elmer is a 2A supporter. Fwom his code, dead hands.

 

[CagleMtnVol]

Folks who bought yesterday probably feeling pretty good today!

 

[37L1]

Folks who bought yesterday probably feeling pretty good today!

I'd give it more than one day. Unless they sold higher than they bought today they didn't get anything other than the warm fuzzy feeling.

 

[VolStrom]

Closed up 1164, what will CNN and MSNBC talk about tonight? Oh, Russia, I forgot.

 

[05_never_again]

Closed up 1164, what will CNN and MSNBC talk about tonight? Oh, Russia, I forgot.

MSNBC is hilarious. Since the market swoon, on down days, they have a bug in the bottom right hand corner showing the Dow with the heading "CORONAVIRUS SELLOFF." On up days, it's nowhere to be seen.

But who cares really...aren't only the .01% invested in the stock market anyway? They bash Trump when he touts stock market gains. If it doesn't matter that it goes up, why does it matter that it goes down?

 

[37L1]

MSNBC is hilarious. Since the market swoon, on down days, they have a bug in the bottom right hand corner showing the Dow with the heading "CORONAVIRUS SELLOFF." On up days, it's nowhere to be seen.

But who cares really...aren't only the .01% invested in the stock market anyway? They bash Trump when he touts stock market gains. If it doesn't matter that it goes up, why does it matter that it goes down?

Tell that to everybody with 401K/457K and pension funds.

 

[allvol123]

Closed up 1164, what will CNN and MSNBC talk about tonight? Oh, Russia, I forgot.

Brian Williams will say we sold enough stocks for everyone to have a million each.

 

[05_never_again]

Tell that to everybody with 401K/457K and pension funds.

I was being facetious. Of course it matters.

The left's current fascination and "concern" about stock market declines is just in direct contradiction to their previous sentiments about it, which is that it didn't really matter and only benefited "the rich."

 

[37L1]

I was being facetious. Of course it matters.

I know. Some of the Bernie Bros and other "want some too don't want to work for its" won't get your sarcasm.

 

[Ernest T. Vol]

MSNBC is hilarious. Since the market swoon, on down days, they have a bug in the bottom right hand corner showing the Dow with the heading "CORONAVIRUS SELLOFF." On up days, it's nowhere to be seen.

But who cares really...aren't only the .01% invested in the stock market anyway? They bash Trump when he touts stock market gains. If it doesn't matter that it goes up, why does it matter that it goes down?

Libs in here are the same. Gleefully pointing fingers on the way down. Hide out on the way up. Apparently, no skin in the game either way.

 

[VolStrom]

So is today's upside a result of Obama's policies or Trumps policies? Democrats were crowing just a few weeks ago about how Obama is responsible for the US economy. Surely now that there has been a pull back Trump is responsible for ruining Obama's economy, right? I mean it's only been 3 years.

 

[05_never_again]

Libs in here are the same. Gleefully pointing fingers on the way down. Hide out on the way up. Apparently, no skin in the game either way.

One of the funniest Twitter exchanges I ever saw was a few years ago between a guy I follow and a responder to one of his tweets. The original tweet was a factual one about the market being down one day. Responder comes along and says something to the effect of who cares, people pay way too much attention to the performance of the stock market, it doesn't really matter because it's a "casino for the rich," and expressed some schadenfreude at the notion of people losing money.

Original tweet author asks if the responder has any investments in the stock market, to which the responder replies "No, I own some equity funds."

 

[NorthDallas40]

So is today's upside a result of Obama's policies or Trumps policies? Democrats were crowing just a few weeks ago about how Obama is responsible for the US economy. Surely now that there has been a pull back Trump is responsible for ruining Obama's economy, right? I mean it's only been 3 years.

Anything negative happens because of Trump. Anything positive happens in spite of Trump. Duh.

Now... I’d like to see a few move days of holding steady or starting to climb before we call a bottom. Plus I kinda expect more over hyped “oh noes!” towards the end of this month when earnings start to show up. If we can still show flat or even slightly positive GDP growth with all of this going on short term I think that goes a long way to showing over hype.

 

[volfanjustin]

Closed up 1164, what will CNN and MSNBC talk about tonight? Oh, Russia, I forgot.

With their ratings, no one will ever know

 

[Rasputin_Vol]

With the new technology $40-$45 still makes them money.

US shale oil now almost not worth drilling

“What they’re not saying is that they’re going to suspend activity,” Loughrey said. In his view, a typical well in the Midland sub-basin of the Permian requires $68 a barrel oil for investors to make an adequate return within 24 months.

Banks Get Tough on Shale Loans as Fracking Forecasts Flop

 

[1972 Grad]

So is today's upside a result of Obama's policies or Trumps policies? Democrats were crowing just a few weeks ago about how Obama is responsible for the US economy. Surely now that there has been a pull back Trump is responsible for ruining Obama's economy, right? I mean it's only been 3 years.

Today Obama. Tomorrow, when it goes back down, Trump.

 

[SpaceCoastVol]

So, if stocks are falling and now the bond markets are standing on a cliff, where else is there to run?

Heavy metal

 

[SpaceCoastVol]

But he is a tool nonetheless.

She. Paralegal. I'm guessing she still has the 80s hair to go with it.

 

[SpaceCoastVol]

Imagine no possessions
I wonder if you can
No need for greed or hunger
A brotherhood of man
Imagine all the people sharing all the world

Luther just had an orgasm

 

[MontyPython]

Couple points:

* It's the "1%" not the ".01%".
* Most people are, in fact, in the stock market via 401Ks.
* It's "precious metals", not "heavy metals" that serve as havens during panics.
* The market rarely goes straight up or straight down.
* "Never catch a falling knife" is a good maxim to follow during times like these.
* Wait until the market shows signs of bottoming before buying heavily, unless you're in it for the long run.
* A "recession" in the market is generally defined as a 20% pull back in prices. That's around 23.5K DJIA.
*These are untested waters for markets. People have no clue of the potential economic effects.

Personally, I believe this panic will be short-lived... a matter of weeks or a few months. But, I suspect we're already in an economic recession, and that things will only get worse in the near future. More schools will close, more businesses will go telecommute, more State of Emergencies. This will further erode the markets.

30% from the top - around 20.5K - seems like a good place to start buying again, but if we break the 20K psychological barrier, a 40% to 50% total retracement is possible.

 

[SpaceCoastVol]

No. It's heavy metals.

 

[MontyPython]

No. It's heavy metals.

*eyeroll*

"Heavy metals are generally defined as metals with relatively high densities, atomic weights, or atomic numbers. ... The earliest known metals—common metals such as iron, copper, and tin, and precious metals such as silver, gold, and platinum—are heavy metals."

Wikipedia › wiki › Heavy_metals
Heavy metals - Wikipedia

 

[Velo Vol]

Heh.

 

[NorthDallas40]

Weeeeeee!!

Releases safety bar and holds hands over head riding the roller coaster back down.

If the SnP gets anywhere near 2100 I’m gonna be hard pressed to not put every penny I have in an index fund.