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Misc Stock Market
- Thread starter ForsythSnow
- Start date
Portnoy down $20m, 10-15% he says. I imagine most are down 10-15% if you are invested in the market. SPY/Qs down 18-21% from highs 6-7 weeks ago. So unless your shorting you are down.
I was down 8%, give or take, in my retirement accounts coming into today and now down 5% in my swing for the year. Had my best day of the year today.
I was down 8%, give or take, in my retirement accounts coming into today and now down 5% in my swing for the year. Had my best day of the year today.
China ain’t backing down.
Shaggy
Member
It's a global market. These larger countries don't and wont have to bend a knee.
ForsythSnow
Moderator
It's like closing a walmart in a moderately sized city. It'll survive without it and someone else will take control. It's really bending a knee to China more than anything with how much they want to take our place.
I just looked at the 9 times following a 2 day 8%+ plunge that were followed by the Dow falling on the 3rd day just like today did. The stats for day 4 suggest continued very high volatility and were mostly favorable for a big bounce with only 1 really horrible day:
5/12/1915: +4.2% Tue
11/14/1929: +9.4% Thu (12th largest gain ever)
9/22/1931: -1.3% Tue
1/6/1932: +7.1% Wed
9/15/1932: +3.1% Thu
7/22/1933: -0.3% Sat
7/24/1933: +6.6% Mon
10/9/2008: -7.3% Thu (16th largest drop ever)
10/13/2008: +11.1% Mon (6th largest gain ever)
- 2/3 rose and 1/3 dropped
- avg of all nine: +3.6%.
- all 6 gains 3.1%+ with 4 of 6 huge (6.6%+) and 2 in the top 12 gains ever!
- So, this along with the Dow futures being up a whopping 626 gives reasonable hope for a very strong Tue.
5/12/1915: +4.2% Tue
11/14/1929: +9.4% Thu (12th largest gain ever)
9/22/1931: -1.3% Tue
1/6/1932: +7.1% Wed
9/15/1932: +3.1% Thu
7/22/1933: -0.3% Sat
7/24/1933: +6.6% Mon
10/9/2008: -7.3% Thu (16th largest drop ever)
10/13/2008: +11.1% Mon (6th largest gain ever)
- 2/3 rose and 1/3 dropped
- avg of all nine: +3.6%.
- all 6 gains 3.1%+ with 4 of 6 huge (6.6%+) and 2 in the top 12 gains ever!
- So, this along with the Dow futures being up a whopping 626 gives reasonable hope for a very strong Tue.
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Futures up bigly.
Indeed, the Dow futures are at session highs up a whopping 740/2%! They started rising immediately after 4PM. E Asian main indices are up nicely, too.
Stock market history says that in order to get a sustained recovery that the volatility usually first needs to drop back to normal. Until then there can be big up days like tomorrow might be, but usually they’re soon followed by drops with no sustained rises.
Sustained recoveries are more often than not a result of mainly low volatility days with moderate/modest daily gains dominating once a floor appears to be established and holding. Right now volatility is obviously through the roof, which probably doesn’t bode well for a sustained recovery in the very near future. In the meantime, dips can be good nibbling opportunities for dollar cost averaging.
lexxnchloe
Member
Brent
Member
Asian markets are up so far. No sign of a bad day yet
lexxnchloe
Member
Dow futures at +1,050 (+2.8%), not far from session high of ~+1,200. Very strong all night.
Big green candles inbound. Looks like the low is in.
The low is in for maybe the next 2-3 weeks. US still has debt problems, unemployment rate will be surging over 5% by Q3-Q4 and no telling what Trump will do next.
Pretty intense weekly setting up...even in bear markets you typically see the candles test the emas. I am still small long from yesterday but I am probably going to close soon.
Well I went flat when Qs gave up $439 and now just watching. SPY/Qs down 2% off the morning high.
Added back Qs at $435...let's see how it responds. Its probably going to paint this 434-436 area...
Well that didn't work, market rolled over and got stopped out. This is still a terrible market.
ForsythSnow
Moderator
That's going to hurt and hurt carriers of phones too I'm sure. Basics are going to be more expensive too if it doesn't get reversed.
3%+ green to red, what a day! 
Apple bounced at yesterdays low...Qs long from $424 working. We are getting 6-7% daily range candles. This is a total casino right now and terrible. It's tough to even look at it...this is our stock market.
broken025
Member
104%? Why not infinity billion? That’ll show them.
ForsythSnow
Moderator
Red by close. That announcement threw away any attempts to regain today.
lexxnchloe
Member
The longer they wait to make deals the worse this mess will get.
lexxnchloe
Member
Credit event is real...we got big big problems and with China such a big holder of treasuries if they start selling and drive yields up. Trump trying to crater yields. This is so bad.
lexxnchloe
Member
The markets are waiting for Trump to start announcing finalized deals and all we are getting is talk. Credit crunch is going to lead to rapidly rising unemployment.
We have a perfect storm to torpedo this economy and devastate the middle class...upper middle class. It's really scary.
Trump can't play around with this stuff for too long. Unless he really is trying to devastate everything.
I've said this...if you are under 40 you should be aggressively investing into this. Yeah, I don't think we are at lows but now with a 20yr+ view this will be the 08/09 period where people bought panic and made out.
broken025
Member
broken025
Member
Lmao just slowly bleeds 6% in 6 hours 
Even on a day when we had Dow session highs of +1300, stock market still goes negative.
GeorgiaGirl
Member
Crap growth probably guaranteed at this point for 2025, if these tariffs on China stay on for any period, likely within weeks of an absolute own goal recession.
At least gas is about to be nice and cheap.