Misc Stock Market

[Nerman]

The US and European stock markets have actually stabilized and come off the lows pretty nicely at least for the moment.

Example: London (FTSE) had been down to -525 but is now down only 310.

Dow has come back 900.

The S&P hit 2402 and came back. That's the resistance point I've been posting on here and linked articles to. It really doesn't want to drop below that. If we see it somehow get below 2300 then watch out.

If I'm within 5 years of retirement I'm getting mostly out on the next green day.

 

[Snowflowxxl]

Market had almost cut in half it’s low starting point from this morning

 

[Rain Cold]

Green close incoming? Greatest reversal ever?

 

[Downeastnc]

Green close incoming? Greatest reversal ever?

No way, it will have dips and bumps till 3:30 then the floor drops and it freefalls through the close.....

 

[Nerman]

But Calvasina warned that even though investors already seem to be pricing in a recession, something “more onerous” could be ahead for investors if the market breaks through that 2,300 level.

Based on history, the stock market is pricing in a recession and maybe something more 'onerous'

With some investors hopeful that the bear market will be short-lived, the S&P 500 decline may still have room to fall, RBC told clients.

www.cnbc.com

 

[Jimmy Hypocracy]

Exxon at its lowest price since 2003..buy buy buy

 

[Storm5]

Exxon at its lowest price since 2003..buy buy buy

Yeah they’ve had a horrible year


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[Jimmy Hypocracy]

Yeah they’ve had a horrible year


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Yeah. You can look at the chart and see this is an extremely anomalous dip. Hmm

 

[drfranklin]

Yeah. You can look at the chart and see this is an extremely anomalous dip. Hmm

that dividend yield is tempting

 

[Rain Cold]

that dividend yield is tempting

Keep in mind that often times during bear markets, yields that look enticing turn quite poor as companies cut their dividends.

 

[drfranklin]

Keep in mind that often times during bear markets, yields that look enticing turn quite poor as companies cut their dividends.

excellent point - interesting times ahead

 

[Downeastnc]

So any brave soul wanna guess at todays closing number....gonna rally or cliff dive that last 15 mins or so...

 

[ForsythSnow]

So any brave soul wanna guess at todays closing number....gonna rally or cliff dive that last 15 mins or so...

I say we close 20, 204 with a margin of error of 100 points either way.

 

[Webberweather53]

So any brave soul wanna guess at todays closing number....gonna rally or cliff dive that last 15 mins or so...

Most days like this have featured big cliff dives but maybe we get lucky and come away with a slightly less scary figure

 

[Downeastnc]

Most days like this have featured big cliff dives but maybe we get lucky and come away with a slightly less scary figure

Taking a decent dip now so maybe end the day on a bump, if this is a dip into the dive then yikes.....

 

[Nerman]

S&P touched 2445. You can tell it's terrified to go much below there. Same with the NASDAQ under 7000.

 

[Nerman]

If it's down 8.5% - 9% now then I can see it dropping back down to 11% - 11.5%. A lot of folks don't want to be holding the bag overnight.

 

[Nerman]

‘They Blew It’: Wall Street Reacts to Fed’s Emergency Cut

(Bloomberg) -- The Federal Reserve’s shock interest-rate cut and bond-buying program rippled through global markets on Monday, with the S&P 500 Index briefly wiping out all of the gains during 2019’s rally and Treasury yields plunging at the start of what promises to be another volatile...

finance.yahoo.com

Michael O’Rourke, chief market strategist at JonesTrading:

“They blew it. The Fed panicked and the market is spooked. The S&P 500 registered all time highs less than a month ago and the Fed has expended all its conventional and unconventional tools. The key takeaway will be that they have truly expended all of their ammunition and this is the action of a central bank that is scared.”

 

[Downeastnc]

Well only thing that stops it now is 20% down.....hanging out around 10% down right now....

 

[Storm5]

I made the mistake of opening my Charles Schwab app . Holy SH**


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