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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.