-
Ever wanted an RSS feed of all your favorite gaming news sites? Go check out our new Gaming Headlines feed! Read more about it here.
Stock Market Watch |OT| I've stocked up on market watches, what now?
- Thread starter Mr.Awesome
- Start date
- Status
So many posts expressing such surprise at a bounce. I don't get it. Should the market drop every single day? Even if it's a true bear market and the trend is down indefinitely, such markets still have violent rallies. Also, as I posted yesterday, 10 times out of 10 the market has rallied the day after a 5% drop. Before the market closed we already knew the WH were planning a response package. Sure you can argue that a rate cut and a tax cut and so on do nothing to stop the virus, but if the economic hit from the virus is temporary we're still left with that stimulus for longer.
China reported the virus is more active at cooler temps (although the WHO called that a false hope). Yes, Italy and Spain's numbers are surging, but look at China and South Korea. The daily new cases are trending down substantially. Economic activity will not cease forever. It hasn't even ceased now.
www.worldometers.info
www.worldometers.info
China reported the virus is more active at cooler temps (although the WHO called that a false hope). Yes, Italy and Spain's numbers are surging, but look at China and South Korea. The daily new cases are trending down substantially. Economic activity will not cease forever. It hasn't even ceased now.
China COVID - Coronavirus Statistics - Worldometer
China Coronavirus update with statistics and graphs: total and new cases, deaths per day, mortality and recovery rates, current active cases, recoveries, trends and timeline.
www.worldometers.info
South Korea COVID - Coronavirus Statistics - Worldometer
South Korea Coronavirus update with statistics and graphs: total and new cases, deaths per day, mortality and recovery rates, current active cases, recoveries, trends and timeline.
www.worldometers.info
Your number of shares will stay the same but the value will be lower (temporarily) when the market is down (temporarily) so you'll have a smaller tax hit for the conversion. Generally good idea but work out the math to be sure.
The value of my IRA is so low as is I don't think it really matters at the moment. Gonna convert and actually start putting some money into it.
Tonight there are 352 delegates up for grabs. The market has already shown it doesn't want Bernie (unless you're a big believer in coincidences after how the market reacted to NH, NV and ST), so if Biden continues to look the most likely that may add more market support.
So many posts expressing such surprise at a bounce. I don't get it. Should the market drop every single day? Even if it's a true bear market and the trend is down indefinitely, such markets still have violent rallies. Also, as I posted yesterday, 10 times out of 10 the market has rallied the day after a 5% drop. Before the market closed we already knew the WH were planning a response package. Sure you can argue that a rate cut and a tax cut and so on do nothing to stop the virus, but if the economic hit from the virus is temporary we're still left with that stimulus for longer.
China reported the virus is more active at cooler temps (although the WHO called that a false hope). Yes, Italy and Spain's numbers are surging, but look at China and South Korea. The daily new cases are trending down substantially. Economic activity will not cease forever. It hasn't even ceased now.
China COVID - Coronavirus Statistics - Worldometer
China Coronavirus update with statistics and graphs: total and new cases, deaths per day, mortality and recovery rates, current active cases, recoveries, trends and timeline.
South Korea COVID - Coronavirus Statistics - Worldometer
South Korea Coronavirus update with statistics and graphs: total and new cases, deaths per day, mortality and recovery rates, current active cases, recoveries, trends and timeline.
It's mostly that people aren't familiar with the stockmarket until it's breaking records on the upside or the downside.
Coronavirus number are declining in Singapore and China, Italy is taking extreme measures to decrease numbers under a full lockdown. Feels like a little bit of a corner turn here.
Oil jumped back up some after the notion that Russia is hinting at further talks.
Biden is projected to smash tonight which also will improve the market outlook.
I think there are many reason for positive sentiment aside from Trump's imaginary tax plan.
Is there any real proof that the market is reacting to Bernie Sanders or any Dem candidate at this point? Seems like there are more immediate things the market would be reacting to. Like yet again believing anything this administration puts out - even though it's almost always complete made up bullshit.
I get certain parts of the market, like healthcare companies going up in celebration of milking people more, but the entire market?
Yeah, the market wants Biden over Bernie, but Super Tuesday was an uncertainty that turned out in their favor. By now, 538 has Biden winning at 99 percent. So the bounce will be less than before because the race is all but over at this point.
A more market friendly candidate pulling ahead versus someone who wants to break up financial institutions? Oh yeah.
There is no doubt in my mind of insider trading by Trump and his cronies. Last year there were many suspicious trades right before Trump pumped progress on the China deal, including one time when he flat out lied about a phone call that didn't happen, which sent markets surging so the big trade late Friday would be well in the money.
The Fantastically Profitable Mystery of the Trump Chaos Trades
The president’s talk can move markets—and it’s made some futures traders billions. Did they know what he was going to say before he said it?
When Bernie crushed it in Nevada, stocks opened the next day down 2.4% and closed down 3.4%. When Biden crushed it in South Carolina a week later, stocks were up 4.6% the next day. After Bernie bottled it on Super Tuesday, stocks were up 4.2% the next day.
You're correct, there are other events going on, but it's stretching coincidence to ignore those moves seeming to confirm the pre-existing narrative.
Intuitively it makes sense. Bernie represents the unknown for investors while Biden represents a return to the Obama years. And the market did very well during the Obama years, even better than Trump. Trump helped the market with his tax cuts, but he has been highly unpredictable and his trade wars sunk the market for a long time before he gave up on it. I think the market would prefer Biden over both Bernie and Trump.
Probably not? After ST and everything I believe the market already sees a Biden primary win as inevitable and thus priced in already. The only result that should cause it to sit up and take notice is Bernie pulling off some miracle wins today.
Any you guys have suggestions on a good ETF that pays a nice dividend or should I continue pumping money into symbol O? I have ten shares of O and would like to keep buying shares monthly and let compounding go into effect. But it's still pricey and was wondering of monthly dividends ETF I could buy that's cheaper.
OP
OP
Probably easier to see the correlation vs the health care sector performance. That swung wildly depending on election results. UNH in particular is a big make up of the Dow and was a huge reason for the market volatility we had been seeing before yesterday.
Yes, the market drills whenever Bernie does well and it pops when Biden takes back the lead.
Which... makes sense. Say what you want about Wall Street, but they're not stupid. They know what a Bernie presidency would mean for them (and for the stock market in general).
It's spreading in Australia, so I wouldn't expect Summer to save everyone, but I also would be surprised if it hasn't peaked in most places well before summer.
Last edited:
Market seems to be trending back down which is kind of what I expected - start out high and then taper off throughout the day. I'd bet Wednesday may even be another down day at this rate considering the market conditions.. It'll take time. I expect a period of level-setting +/- 1-2% days before we start seeing major gains.
Also wasn't aware that Trump said he was making any sort of announcement. If he failed to actually go through with anything new that might bring it into the red.
Also wasn't aware that Trump said he was making any sort of announcement. If he failed to actually go through with anything new that might bring it into the red.
There's only so much the federal gov't can do when the private sector is in this situation. So analysts saying the risk of recession are overblown are either not paying attention or purposely trying to prop up the market.
Trump's inability to govern is overwhelming all of the happy talk overnight.
Yeah, like I said yesterday, the dead cat bounce was last week, and you usually only get one. We have some more pain ahead of us for sure.
- Status