First, don't. Predicting/timing markets is a fool's goal. Second, Robinhood trash. Use something else.
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Stock Market Watch |OT| I've stocked up on market watches, what now?
- Thread starter Mr.Awesome
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First, don't. Predicting/timing markets is a fool's goal. Second, Robinhood trash. Use something else.
Nope, no other places can work with my level of expertise. We are entering a new realm of possibilities. Together.
Agreed. That's the market peak and will remain that way forever. Once we reach that point again the markets are doomed to fall regardless of any positive news.
I don't know how watching these things on an hourly basis doesn't drive you insane (unless it's literally your job).
I take the old fashioned approach. Every few months (or at especially low points after drops), invest in some shares of a company I have faith in or a safe index. Check balances every ~6 months out of curiosity. And that's it.
I take the old fashioned approach. Every few months (or at especially low points after drops), invest in some shares of a company I have faith in or a safe index. Check balances every ~6 months out of curiosity. And that's it.
I see people mocking the poster talking about moving to money market. Firstly, that recent high could serve as temporary resistance. Secondly, the Fed has done 5 emergency rate cuts of 50bps or higher before this one. That was in 2001, and then late 2007 and 2008. I'm sure you remember what happened after those. The market was generally positive in the week after those emergency cuts, but down significantly one year later, four times out of five.
Getting flashbacks to the one time a pyramid scheme hosted a conference near my office many years back
So put it in a money market.. Wait for the market to drop and buy stocks then? If you aren't retiring you just keep buying because if the market drops you are getting the shares at a better price.
No real reason? Sanders just became a pipe dream. That's the fucking reason.
It's the arbitrary number that people are giving him crap for, not selling out entirely.
You're comparing this to 2001 or 2007/2008, but the market didn't drop from its highs, rebound above its highs and then drop again. There were constant drops and some periods of huge gains, but the previous highs weren't reached again until a year later when the market was headed back up and the drops were over.
I didn't mock him. I asked if he was retiring. Because if he's not I don't think it's the smartest move. That's not mocking, that's true.
Depends on his goals for the money. I've got a large amount of money in taxable accounts but no real goal for it. But if i was going to buy a house in the next couple of years, I'd start looking for a good spot to get out. But that good spot is probably just asap.
I feel like Wall St overestimates what can be achieved with a Bernie presidency. Even if the Dems flipped the Senate, he's not getting most of his plans through the moderates in Congress. Guess they buy into the socialist hype from the media.
Wall Street values certainty over uncertainty. Even if he can't get most of his plans passed, the uncertainty of what will happen weighs down the market. Biden is status quo.
It's not arbitrary though. It's a possible resistance level.
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And that means the global pandemic is in the rear view mirror?
Not at all. But it does eliminate the threat of a potential President that wanted to wreck Wall St. If you can't see how that causes a 4% uptick in the markets I don't know what to tell you. Wall St factors in multiple current events simultaneously.
You would think... but who knows, maybe the dip last week priced that in?
It is probably impossible for us to know at this stage. We should only know after the dust has settled.
Dow tumbles 970 points, extending coronavirus-fueled swings
U.S. stocks tumbled Thursday as coronavirus-fueled swings around global markets continued over the potential economic fallout from the outbreak.
www.usatoday.com
There's a futures market which gives an implied open to the market. Right now based on the futures market, the Dow is implied to open 700 points down.
The ultimate bait for those that want to time the markets. Probably.
Futures market is open from 6pm Sunday to about 5pm Friday, Eastern Time, not including a quarter or half hour soon after the regular market closes each day.
Futures
Get the latest data from stocks futures of major world indexes. Find updated quotes on top stock market index futures.
www.bloomberg.com
The volatility is also good if you're selling near to expiry options, while the theta on them ticks away to zero.
Truer words have never been spoken.
Agreed. Plenty of benefits to be had on volatility.
Yeah, this is getting ridiculous, but I think that overall, we are headed lower. This doesn't look like euphoric buying, this market reads as though they are looking for any good news to grasp onto to keep the party alive. Not even looking at numbers or fundamentals any longer. Not that it just happened, but this really shows how the market has lost touch with reality in terms to pricing in the last few years.
Once the Trump clips from his Hannity appearance start to come out I expect a big rebound. They are overreacting to some stupid doctors when the President is confirming its all overblown.
/s
When the market gets like this, it absolutely is.
CA declares emergency, which simply makes the state more prepared, so the market tanks again?
The market is in full overreaction mode at this point.
And jobless claims dropped as well so, clearly the economy isn't in distress yet
That's where you and I come in as savvy investors and pick up shares on the cheap in companies with solid funamentals.
It won't be. The WHO no longer uses that classification.
Was bummed I missed Nike in the 80s, maybe I'll have another chance today
Was bummed I missed MSFT at $152 ... patience usually always wins out in the market tho. I think we'll have some economy ripple effects.
If you are going to care about technical data there are basically two major lines in the sand. The first one is at sp500 2620-2630 ish. This is a 200 week moving average that has been supported on every dip throughout the bull run of the past 11 years. If this breaks then you might have real trouble. The second one is at sp500 2350-2400 where the market low happened in Dec 2018. Support here held back in Dec 2018 because this is where the 200 week moving average was at then. Now it is about 2620. So if the market breaks below 2620 this is likely to be overhead resistance even if the market bounces up at 2350.
Announced in Feb 2020 with no clarification. What classification system are they using then...?
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