Stock market

Dropped 700 points from when he started talking this afternoon. I wonder if he's going to print and sign a copy of that for Lou Dobbs too. Fucking idiot. 

The Juggler said:

Dropped 700 points from when he started talking this afternoon. I wonder if he's going to print and sign a copy of that for Lou Dobbs too. Fucking idiot. 

He could say he is giving the whole country 10,000 dollar checks and it's not going to help at this point.

mrussel1 said:

S&P drops to 2k and then we'll have the opportunity to buy in.  That's what I'm targeting...  maybe a touch lower. 

Sounds about right.  15,000 in the Dow would not surprise me at this point.

tempo_n_groove said:

Saw our first glimpse of life below 20 this morning.  

Slight gain early now.

I would like for the markets to start going steady but that is a pipe dream.

So in Dow Theory these blips will have dramatic action on the workforce and life in general in 6 months from now.  My question is how much worse is this going to be in 6 months?

I seriously think the deck is stacked in a rich person's favor with times like this...

It is stacked in their favor at all times. It just becomes easier to see in times like these. 

static111 said:

tempo_n_groove said:

Saw our first glimpse of life below 20 this morning.  

Slight gain early now.

I would like for the markets to start going steady but that is a pipe dream.

So in Dow Theory these blips will have dramatic action on the workforce and life in general in 6 months from now.  My question is how much worse is this going to be in 6 months?

I seriously think the deck is stacked in a rich person's favor with times like this...

It is stacked in their favor at all times. It just becomes easier to see in times like these. 

I paid no mind to the stock market prior to 2008.  Since then I have become very interested in it.

Seems like a good way to get people to invest, lose their money, have people with money come in and buy cheap to reap the benefits of a poor market.

A lot more is clear to me now, that is correct @static111

Buy Amazon, that's for sure. 

mrussel1 said:

tempo_n_groove said:

static111 said:

tempo_n_groove said:

Saw our first glimpse of life below 20 this morning.  

Slight gain early now.

I would like for the markets to start going steady but that is a pipe dream.

So in Dow Theory these blips will have dramatic action on the workforce and life in general in 6 months from now.  My question is how much worse is this going to be in 6 months?

I seriously think the deck is stacked in a rich person's favor with times like this...

It is stacked in their favor at all times. It just becomes easier to see in times like these. 

I paid no mind to the stock market prior to 2008.  Since then I have become very interested in it.

Seems like a good way to get people to invest, lose their money, have people with money come in and buy cheap to reap the benefits of a poor market.

A lot more is clear to me now, that is correct @static111

I think you can throw out many of the historical analogies for corrections, rebounds, cycles, etc.  The market will not recover until it's confident that the health crisis has abated and the supply chains will start to flow again.  Once that happens, it will price at least two quarters of contraction depending on when it thinks earnings will be back to normal.  

2 quarters equals 6 months.  That is what you and Dow Theory think so I may still use it.  It's been right.

Ahhh, dead cat bounce was Friday as far as I'm concerned.

Something I was curious about is the interest rates.  They are already as low as they are going to get.

When it's time to raise them, the problems we will get from that fiasco?!?

Thy hesitated in raising them all these years even though the economy was doing well.  I see this as the US never caring to try and balance a budget again and to just continue to print money.

I'm talking out loud and would enjoy some feedback from others.

tempo_n_groove said:

Ahhh, dead cat bounce was Friday as far as I'm concerned.

Something I was curious about is the interest rates.  They are already as low as they are going to get.

When it's time to raise them, the problems we will get from that fiasco?!?

Thy hesitated in raising them all these years even though the economy was doing well.  I see this as the US never caring to try and balance a budget again and to just continue to print money.

I'm talking out loud and would enjoy some feedback from others.

I have been very critical of the Fed and in the last 24 months, the administration for not raising interest rates.  You only have a few bullets to deal with a recession:  rates, stimulus, QE, tax cuts.  Trump used up the tax cuts and has been strong arming the fed on rates for the past two years.  Now we have fewer options.  

static111 said:

tempo_n_groove said:

Saw our first glimpse of life below 20 this morning.  

Slight gain early now.

I would like for the markets to start going steady but that is a pipe dream.

So in Dow Theory these blips will have dramatic action on the workforce and life in general in 6 months from now.  My question is how much worse is this going to be in 6 months?

I seriously think the deck is stacked in a rich person's favor with times like this...

It is stacked in their favor at all times. It just becomes easier to see in times like these. 

Absolutely true for the vast majority of times, interspersed with brief windows when the guillotines come out before everything goes back to normal.