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Misc Stock Market

Downeastnc said:
Just got to hope that last hr does not fall off the cliff....after 3:25 nothing can stop it until it hits -20%
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None of the rest of the world is approaching that level of panic. We might fluctuate a few percent from where we are, but I don't see us crashing into the bell. What a distraction from the Coronavirus, though!
 
Rain Cold said:
None of the rest of the world is approaching that level of panic. We might fluctuate a few percent from where we are, but I don't see us crashing into the bell. What a distraction from the Coronavirus, though!
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yep, 5-8% was the hit to overseas markets last night. I see us settling in the same area when we close today.
 
Rain Cold said:
Here's the problem though....bailouts allow for business that should exist to continue operation. An unprofitable business has no reason to innovate or do things better if they're having to rely on artificial price discovery or frequent injections of stimulus for support. The moral hazard in our economy is off the charts because of the continued bailouts, liquidity injections, and artificial monetary support that has existed for years now. It is not sustainable long-term, and it will eventually lead to the collapse of the economy.
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I understand. I'm a pure capitalist at heart. But, oil is used by countries to push their political agendas. Energy (oil) is something that this country has become reliant on to function.
(I assume) The US doesn't want OPEC to take out our production. (if so) Then someday in the future they could cut us off because they disapprove of something with did. **we need to attempt (with government help) to stay independent with food and energy.
 
GaWx said:
Dow futures, which dipped lower than the cash Dow during the halt, are now over 1,000 points higher than they were 2 hours ago!
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I’m always inherently skeptical of these early-mid day rallies in a fragile market like this, the last few weeks have shown basically anything can happen after that and things become very tumultuous after mid portions of the day & we’ve seen several instances of late day sell-offs.

We’ve basically erased all of those gains and are closing in on session lows atm.

The Dow is down nearly -1900 yet again.
 
Referring to earlier discussion about Russia and the Saudis and their oil prices, I was watching Fox Business earlier today and they were saying Russia was lowering prices solely to kill the US shale oil industry. The Saudis had to match/go lower.
 
Webberweather53 said:
I’m always inherently skeptical of these early-mid day rallies in a fragile market like this, the last few weeks have shown basically anything can happen after that and things become very tumultuous after mid portions of the day & we’ve seen several instances of late day sell-offs.

We’ve basically erased all of those gains and are closing in on session lows atm.

The Dow is down nearly -1900 yet again.
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oh there will be a big selloff after 2:30/3 or so
 
CamWX said:
Referring to earlier discussion about Russia and the Saudis and their oil prices, I was watching Fox Business earlier today and they were saying Russia was lowering prices solely to kill the US shale oil industry. The Saudis had to match/go lower.
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The rest of the world would love to kill US shale oil and are using the current panic as the means to an end. US Shale has been the primary driver behind reasonable oil prices for some time now. The biggest question yet to be answered is how long the US industry can survive at these price levels; last I saw the $40 - $45 per barrel range was needed however technology and efficiencies have continued to drive that number down.

I'm afraid Coronavirus panic whether warranted or not will continue to drive things for the foreseeable future; hang on and be prepared..
 
Time for the run into the close?
 
LithiaWx said:
gun to head I think we close down about 6% so a slight bump in expecting from the -7.18% dow right now
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I'm thinking 4-6% range...so in your neighborhood.
 
been awful flat since 3:25 lol...its like they just hope to get to the close without imploding now that the trips are off.....

nevermind....-2138
 
metwannabe said:
Deflated by mass hysteria
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Well, if you're willing to brag about "the greatest economy ever" and about the new highs in the stock market, then you should be willing to take responsibility when the market tanks. But of course this will never happen because Trump is just like all the rest--if not even worse. Not to mention, the whole economy is built on a house of cards and one day its coming down.
 
Poimen said:
Well, if you're willing to brag about "the greatest economy ever" and about the new highs in the stock market, then you should be willing to take responsibility when the market tanks. But of course this will never happen because Trump is just like all the rest--if not even worse. Not to mention, the whole economy is built on a house of cards and one day its coming down.
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Wrong thread ;)
 
Poimen said:
It’s amazing to consider how the “greatest economy” ever has just been deflated by a virus and cheap oil.
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Really when you strip away the coronavirus and oil the real problem is the market is very over valued, its been propped up by the Feds with them keeping rates so low.....so a sizable correction was coming, however you toss in corona, oil tanking and the correction finally starting and well you get this....which is a much quicker damaging correction than what probably would have occurred.
 
Yellow Snow said:
The entire world economy has been impacted, not just the US economy.

View attachment 36983
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I realize this. But as my point is mostly political, I'll just leave it at that for now except to say that inconsistent/hypocritical people just grate on my nerves sometimes, and politicians/partisans are among the worst offenders in my book. /end rant.
 
Poimen said:
I realize this. But as my point is mostly political, I'll just leave it at that for now except to say that inconsistent/hypocritical people just grate on my nerves sometimes, and politicians/partisans are among the worst offenders in my book. /end rant.
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I don't know how anyone - on any side - could reasonably make political points based on a global Black Swan event.

It would be like arguing that the late-year slump in the economic recovery from the 2001 recession (which began that March) was due to the passage of the EGTRRA in June, and not the events of 9/11/01.
 
Jimmy Hypocracy said:
Opened up an E-trade account earlier. Idk where to start but I’m ready to capitalize on all of this fear and panic. Come to papa
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I opened an E-trade account at the beginning of the year with the intent of buying gold, feeling certain a crash/downturn was inevitable. I never pulled the trigger, unfortunately. Now I will wait it out and look for stocks once the dust settles, whenever that is.
 
Yellow Snow said:
I don't know how anyone - on any side - could reasonably make political points based on a global Black Swan event.

It would be like arguing that the late-year slump in the economic recovery from the 2001 recession (which began that March) was due to the passage of the EGTRRA in June, and not the events of 9/11/01.
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Hop over to the political thread when you get a sec.
 
Yellow Snow said:
Haha, no thanks - I get enough of that with my own friends & family on Facebook (especially in an election year cycle).
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I hear you. I typed up a thing over there. I didn't want to post it here and have @metwannabe lock me out of the thread for going OT! :D
 
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