ECON FUNG RED ALERT: DOW AND NAS PLUNGE - Friday 2/28 - DOW Hits -1,000 In Early Morning Trading

hiwall

hiwall

Has No Life - Lives on TB
The markets are so bogus. Look at China who went up over 3% today while their whole country is in lockdown.
 
CaryC

CaryC

Has No Life - Lives on TB
Red Baron said:
I'm looking for news of a large school district in let's say, California or New York, to close for a few weeks.

That should get the markets all worked up.
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FYI read somewhere this AM of school closing in RI, for 2 weeks, and maybe the Gov. of Florida told districts to be prepared to close. Think it was at zerohedge.

It's great to see the markets up over +360 this AM. Does that mean the supply line back to China is again full? CoVid 19 has been contained? Just wondering what is making today such a wonderful day compared to......last week? Because these areas seem to be worse to me.
 
The Hammer

The Hammer

Has No Life - Lives on TB
+428

Market "logic" is a strange thing at times. I would have thought that the news this weekend was bad enough to warrant another drop, but maybe the algorithms are responding to oversold conditions. Another drop is still very possible, maybe even likely.
 
Shooter

Shooter

Veteran Member
I think the market is up a bit because the people with money are buying stock now, mabye they think this is the bottom, and stocks are going to go back up sometime,
 
CaryC

CaryC

Has No Life - Lives on TB
You're getting slow Red Baron.

Dow +750

IMHO now it's getting weird. I agreed with Hfcomms that the market needed to get a handle on things, which to me meant running in the say,....200+/- but doing this, again IMHO, is creating another bubble. In light of supply chain, etc.
 
Red Baron

Red Baron

Paleo-Conservative
_______________
IMHO - The stock market and the global corporations are holding a gun to the heads of the Federal Reserve.

Give us multiple interest rate cuts or we will tank the market until we get those cuts.

Today is a demonstration of how the stock market is sending a signal for a bailout.
 
Red Baron

Red Baron

Paleo-Conservative
_______________
CaryC said:
You're getting slow Red Baron.

Dow +750

IMHO now it's getting weird. I agreed with Hfcomms that the market needed to get a handle on things, which to me meant running in the say,....200+/- but doing this, again IMHO, is creating another bubble. In light of supply chain, etc.
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LOL, No, you are just getting faster . . . :applaud:
 
The Snack Artist

The Snack Artist

Membership Revoked
I called this reversal on Friday with the DOJO down about 500. Said it would be positive by days end. The S&P futures were. Nadaq was green as well. Now, Watch for the utter devastation to kick in when our nation starts shutting down. I made zero money on the move as I refuse to participate in this charade they call a mkt. The volatility index is getting crushed as we speak.
 
Hfcomms

Hfcomms

EN66iq
dead_cat_bounce-temporary_recovery-stock-cat-kitty-animals-CC69511_low.jpg


Personally I'd be selling into the rally at this point until the virus situation resolves.
 
N

NCGirl

Veteran Member
Woo hooo... Weeeee...... I like rollar coasters!!

I'm mostly out now so can sit back and enjoy the ride
 
Hfcomms

Hfcomms

EN66iq
Was hoping for two or three up days in a row to show stabilization but this is a heck of an overshoot. The Wuhon is spreading around the world and most of China and it's supply chains are on life support and the 'market' rally's 1300 points? That isn't stepping on the accelerator but punching it to the floor. Would be much better for a hundred points or so gain for several days in a row to start showing a floor. This is a dead cat bounce if I've ever seen one.


What is a Dead Cat Bounce?

A dead cat bounce is a temporary recovery of asset prices from a prolonged decline or a bear market that is followed by the continuation of the downtrend. A dead cat bounce is a small, short-lived recovery in the price of a declining security, such as a stock. Frequently, downtrends are interrupted by brief periods of recovery — or small rallies — where prices temporarily rise. The name "dead cat bounce" is based on the notion that even a dead cat will bounce if it falls far enough and fast enough.

DeadCatBounce-5c658faa46e0fb00017dd9ce.png


www.investopedia.com

Dead Cat Bounce

A dead cat bounce is a temporary recovery of asset prices from a prolonged decline or bear market that's followed by a continuation of the downtrend.
www.investopedia.com www.investopedia.com
 
Allotrope

Allotrope

Inactive
The Fed caught the dead cat and threw it as high as they could, perhaps over the edge of a cliff.
This month will be interesting.
 
Kathy in FL

Kathy in FL

Administrator
_______________
The Hammer said:
Ending up almost 1300. Biggest point gain ever. On a percentage basis, 5% gain.
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It is people trying to take advantage of the drop. People keep forgetting there are those that making money both coming and going.

It isn't always about logic but more often about emotion. Fear drove the market down. Fear check and a desire to catch a good sale for a few pennies drove it right back up.
 
D

Dozdoats

On TB every waking moment
And heavy yellow yoyoed off 1600, ten bucks up to 1610 then closed the day ten bucks down from the open at 1590. Not even an interesting candlestick today. Meh. Modern markets....
 
twobarkingdogs

twobarkingdogs

Veteran Member
Remember the markets are not usually priced for what is happening today but what is predicted to happen in the future. Have you heard the saying Buy the Rumor and Sell the News. So it could be that the markets are now starting to predict that the flu will not be an end all and the supply chains will recover with minimal impact to earnings.

Personally I don't know. I'm sitting tight because I own all dividend payers with yields on cost which is very favorable to me and its not worth trying to time the market and guessing incorrectly.

tbd
 
The Snack Artist

The Snack Artist

Membership Revoked
Dozdoats said:
they think this is the bottom

One should not mistake A bottom for THE bottom.
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So true. It's not even close. Real estate, collector cars, all going down the tubes IMO. Anything that has the ability to be pumped up artificially has been. I can't think of one thing that isn't overvalued.
 
Ravekid

Ravekid

Veteran Member
The Snack Artist said:
I made zero money on the move as I refuse to participate in this charade they call a mkt.
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Well I would've liked to have made some money over the last ten years, the prices of some companies has reached absurd levels. People keep saying "But so and so company has a billion, two billion, whatever in cash!" The thing is, they aren't giving it to the shareholders. The cost for one share of companies like Apple, Amazon, Tesla, and Netflix blows my mind. Some of these companies don't even pay out a dividend. The only benefit of those stocks is that they will double over the next decade. Seriously, Google at $3K a share? So I can make my yearly Roth contribution of $5,000 and get one share of Google.
 
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