Oil prices are down 7% today.
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Misc Stock Market
- Thread starter ForsythSnow
- Start date
GeorgiaGirl
Member
I think you realistically are a few more days of this, if you don't steady out, of Lutnick getting thrown out.
I've felt that Bessent has said some out of touch things, but he apparently had the less crazy idea and lost out internally.
I've felt that Bessent has said some out of touch things, but he apparently had the less crazy idea and lost out internally.
Shaggy
Member
Yet somehow gas is now back over $3
GeorgiaGirl
Member
I mean, oil was over $70 just two days ago, I suspect some coordination with Saudi led to the oil spigots being swung open in coordination to ease inflation if the world doesn't negotiate involving tariffs.
If this level in particular lasts, I'll probably end up back at $2.69-2.79, if not lower, but you'll need much lower WTI for much lower gas due to us switching to a summer blend.
Does anyone have a link to a list of the largest two day % declines for the Dow, S&P, and Nasdaq? I know this wasn’t even close to the highest, but I’m curious how many times the two day % decline has been higher than that of the last two days.
I know you were asking for percentages and this doesn’t answer that but still pretty crazy
Stunned that 2024 gains in tech (QQQ) been wiped out in a few weeks.
I lightend up my IRA yesterday and now 80% cash in both IRA and 401k and I normally would be shoving money back in tech with Qs down 22% from highs in a few weeks but really feels like we are going much much lower. I am terrified to do anything right now.
Past 15+ years, the SPY weekly has been below 30 2 other times...covid crash and financial crisis...and now this time.
I lightend up my IRA yesterday and now 80% cash in both IRA and 401k and I normally would be shoving money back in tech with Qs down 22% from highs in a few weeks but really feels like we are going much much lower. I am terrified to do anything right now.
Past 15+ years, the SPY weekly has been below 30 2 other times...covid crash and financial crisis...and now this time.
It’s a given. So many variables point to it.
Nerman
Member
It is going much lower unless the tariffs are walked back by Wednesday. I think the markets could have absorbed the 10% tariffs going into effect tomorrow but not the ridiculousness scheduled to take effect next week. Markets actually started pumping when the WSJ released the 10% number but then obviously crashed when the chart came out.
I was loaded to the gills in puts for liberation day (and cash) but the mistake I made was selling most of them Thursday. I scalped a few today but it could have been a crazy week.
I'm 100% cash going into the weekend across all accounts except my 401k which I've increased contributions.
I doubt Lutnick is going to be thrown out. He’s one of Trumps main tariff supporters. IMO I think Bessent is more likely to go out.
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