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Misc Stock Market

GeorgiaGirl said:
There were experts saying the market was way overvalued last year and to not buy more into the market for a few months early into 2020.

However, I don't think anyone was predicting a recession. That's another story.
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No one was predicting a Black Swan event either (which are unpredictable, by definition).
 
Nerman said:
Nobody show this to Trump (or people who believe the market is better under him than Obama)

View attachment 37144

Trump vs. Obama’s Dow Industrials returns starting from their inauguration

View attachment 37145

Trump vs. Obama’s S&P 500 returns starting from their inauguration
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How many times did the FED raise interest rates on Obama and what was his average interest rate?
 
We’ve lost most of the gains we accrued this morning but it’s definitely nice to not be in the cellar again. Trump speaks later today, I don’t expect investors to act favorably.
 
This is crazy. Up over 4% today. If it gets much higher I am going to short it again.
 
I bought some Draft Kings stonk..they merged with another company recently. It’s under the DEAC ticker. Tons of long term upside. Bout to make this one my b**** and buy it all up while sports are out of commission.
 
Incredible watching these stocks jump with these company reps making statements on TV. Insane
 
This is why I don't play the market. I would have expected a drop once he started talking.
 
Dow is still down 10% for the week, but it could have been much, much worse.
 
My portfolio just went ham! I should have thrown more into the furnace today. Got to crawl before you can walk though. My petrol stock is up 25% in two days and draft kings climbed $1/share in the last hour ?? all down hill from here ?
 
www.cnbc.com

Stocks are expected to see more wild swings, even if Fed makes big policy move

Now that stocks have entered a bear market, more wild volatility is expected in the week ahead as investors await a big policy move by the Federal Reserve.
www.cnbc.com www.cnbc.com

Check that out:

Strategists say the market purge is not over, though it could be closer to a bottom, with some expecting the S&P 500 to fall through 2,400 before it finds a floor.
 
Just checked the number on Ventas and needless to say, holy ****.

I had a bad feeling for a while, and honestly probably should've placed a stop loss at 40 myself and sold it at periods that were ages ago. I've had enough and I'm probably going to place one that's a little lower than the number (well, maybe I will wait a little longer, but it needs to go) it's at because I don't think this one is going to recover for a very long time if it does. It just keeps getting crushed. Even has on recent good days.

Gonna add the cruise lines to my watch list and watch them for a while. As I think we're probably over a month from any real beginning stages of a recovery.

The good that came out of it is my dad apologized and said that my feelings were right and his weren't on this stock and I may not have to file taxes next year due to capital loss.

Edit: Gonna sell at 35. This is a company that's not been doing well lately even without COVID, so it was a mistake to hold and wait here. The other 4, I'm going to hold onto. I still feel good about them for the long haul, I just don't feel good about the stock that had been bugging me for a while. It was good and very safe 10+ years ago, and it was held in a portfolio for me that my dad had control of, but in at least 2020 it's not in good shape.
 
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GeorgiaGirl said:
Just checked the number on Ventas and needless to say, holy ****.

I had a bad feeling for a while, and honestly probably should've placed a stop loss at 40 myself and sold it at periods that were ages ago. I've had enough and I'm probably going to place one that's a little lower than the number (well, maybe I will wait a little longer, but it needs to go) it's at because I don't think this one is going to recover for a very long time if it does. It just keeps getting crushed. Even has on recent good days.

Gonna add the cruise lines to my watch list and watch them for a while. As I think we're probably over a month from any real beginning stages of a recovery.

The good that came out of it is my dad apologized and said that my feelings were right and his weren't on this stock and I may not have to file taxes next year due to capital loss.

Edit: Gonna sell at 35. This is a company that's not been doing well lately even without COVID, so it was a mistake to hold and wait here. The other 4, I'm going to hold onto. I still feel good about them for the long haul, I just don't feel good about the stock that had been bugging me for a while. It was good and very safe 10+ years ago, and it was held in a portfolio for me that my dad had control of, but in at least 2020 it's not in good shape.
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Icahn's largest short position is commercial REITs, just FYI
 
Nerman said:
Icahn's largest short position is commercial REITs, just FYI
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Oh, I actually think Ventas probably recovers, but based off what I know and how I feel, I think this dip for them is going to be at least a year like what happened with the recession. They're in senior living and that's going to be down for a while. So, I'm just going to pull out on a small bounce up because I had already been frustrated for a while there. Luckily that other portfolio, plus dividends is actually going to make it a small gain.

I'm taking no action on anything else and waiting for the panic to calm down. The only other thing that I wish I did was wait to get Delta stocks but I'm just going to hold them. I expect it to recover.
 
Will Wall Street close by any chance, or is/can most buying/selling done online, so not effected by recommendations to close to prevent the spread?
 
Lots of state school closings and talks of closings on a larger scale over the weekend. Should see a response from the market tomorrow. Fear. Let’s continue the overselling of valued stocks so jimmy can retire early ? ? ?
 
Maybe be a good day tomorrow...

March 15 (UPI) -- The Federal Reserve on Sunday cut interest rates to zero on Sunday in response to the COVID-19 outbreak in the United States.

The Federal Market Committee made the decision to lower the target range for the federal funds rate to 0 to 1/4 percent expecting to maintain that target range until it is "confident the economy has weathered" the impact of the coronavirus outbreak."
 
ghost1 said:
Maybe be a good day tomorrow...

March 15 (UPI) -- The Federal Reserve on Sunday cut interest rates to zero on Sunday in response to the COVID-19 outbreak in the United States.

The Federal Market Committee made the decision to lower the target range for the federal funds rate to 0 to 1/4 percent expecting to maintain that target range until it is "confident the economy has weathered" the impact of the coronavirus outbreak."
Click to expand...

Could also signal how bad it is considering they didn't wait until the meeting.
 
ghost1 said:
Maybe be a good day tomorrow...

March 15 (UPI) -- The Federal Reserve on Sunday cut interest rates to zero on Sunday in response to the COVID-19 outbreak in the United States.

The Federal Market Committee made the decision to lower the target range for the federal funds rate to 0 to 1/4 percent expecting to maintain that target range until it is "confident the economy has weathered" the impact of the coronavirus outbreak."
Click to expand...
Given how the market has been lately, I wouldn't wager anything. It could go either way. Either they panic more because it's a surefire sign the economy is headed into a recession, or they go up for a day because of stimulus.
 
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