Dow jones plunges 512 points in one day; nasdaq down 136; s&p down 60

Discussion in 'Politics & Current Events' started by American Brummie, Aug 4, 2011.

  1. striker

    striker Member+

    Aug 4, 1999
    Not that I doubt you, but can you direct me to the source of this info. I would like to tell this to my republican friends, but with source. Thanks.
     
  2. Q*bert Jones III

    Q*bert Jones III The People's Poet

    Feb 12, 2005
    Woodstock, NY
    Club:
    DC United
    #677 Q*bert Jones III, Mar 26, 2020
    Last edited: Mar 26, 2020
    The source is my memory. Just have them call me.
     
    roby repped this.
  3. MattR repped this.
  4. ElNaranja

    ElNaranja Member+

    Houston Dynamo
    United States
    Jul 16, 2017
    #680 ElNaranja, Mar 26, 2020
    Last edited: Mar 26, 2020
    Without proper vetting, it could unknowingly kill or maim everyone who takes it. Plenty of examples of that, hence why you hear about the 12-18 month timeline.
     
  5. ceezmad

    ceezmad Member+

    Mar 4, 2010
    Chicago
    Club:
    Chicago Red Stars
    Nat'l Team:
    United States
    Well for now it seems like W.S. calculated the worse, found the bottom and it is bubbling back up.
     
  6. ceezmad

    ceezmad Member+

    Mar 4, 2010
    Chicago
    Club:
    Chicago Red Stars
    Nat'l Team:
    United States
  7. BocaFan

    BocaFan Member+

    Aug 18, 2003
    Queens, NY
    "For now" being the key words there. Definitely feels like it will go below 20,000 again. Probably around the time the U.S. reaches one million Covid-19 cases and we see no light at the end of the tunnel. Happy Easter!
     
  8. soccernutter

    soccernutter Moderator
    Staff Member

    Tottenham Hotspur
    Aug 22, 2001
    Near the mountains.
    Club:
    Tottenham Hotspur FC
    Nat'l Team:
    United States
    Yeah, that is what I'm thinking. I was looking at my portfolio this morning (well, the cash I have to invest) and was like "What the hell is going on?" I almost jumped in, but realized I would be investing on emotion. And that is what is going on right now - people are buying based on hope, and there are probably a lot of short term profit taking right now. If I were in for that, I'd probably dump at the end of the day today, or after hours tonight.
     
  9. bostonsoccermdl

    bostonsoccermdl Moderator
    Staff Member

    Apr 3, 2002
    Denver, CO
    The majority of the idea of a dead cat bounce, is people profitably covering their short positions ( in this case the response to the stimulus bill. causing a slight jump..)
     
    American Brummie repped this.
  10. The notions like "dead cat bounce" etc. are part of behaviour in economics that refer to events within the economic realm.
    The current event however is an outside/non economic/non financial world induced phenomenon.
    The virus is immune to whatever measures in financial sense are going to be taken. It doesnot care about that. However in reverse the virus has economic impact itself, but how much is being decided by how the world behaves in relation to it. Does the world act sufficiently to contain it/control it/eradicate it?

    So the question for the dow is how much is being done to contain the virus.
    If it is too little and hospitals are overwhelmed, be ready for a dow going down like a brick. If panic/fear of death roams the streets every economic formula becomes irrelevant.
    So your investment strategy for the coming weeks should depend on what you think of the handling of the virus crisis at every level in the USA. Not only at WH level, but down to the fellow citizens around you.
     
    taylor repped this.
  11. VFish

    VFish Member+

    Jan 7, 2001
    Atlanta, GA
    Club:
    Atlanta
    Market is up 20% in the last 4 days. That dead cat has some freakin' kangaroo legs. The market is no longer in bear territory, but it remains to be seen where we go from here. I do know it is foolish to be predicting a bottom or to be hoping the down turn lasts until November.
     
    taylor repped this.
  12. MattR

    MattR Member+

    Jun 14, 2003
    Reston
    Club:
    DC United
    Nat'l Team:
    United States
    So what you're saying is, and I'm paraphrasing... is "I'm a genius!"
     
    American Brummie repped this.
  13. JohnR

    JohnR Member+

    Jun 23, 2000
    Chicago, IL
    It calculated the worst and then set it aside, because 25% below peak values isn't remotely close to what the worst outcome would be from this pandemic. Investors are planning on a return to normalcy relatively soon, or at least something like normalcy.
     
  14. The Jitty Slitter

    The Jitty Slitter Moderator
    Staff Member

    Bayern München
    Germany
    Jul 23, 2004
    Fascist Hellscape
    Club:
    FC Sankt Pauli
    Nat'l Team:
    Belgium
    At this time I think more than a bounce, congress just through a dead cat on the table
     
  15. JohnR

    JohnR Member+

    Jun 23, 2000
    Chicago, IL
    I mean, I could be wrong. But I am perhaps the most baffled I have ever been at the stock market. I see no light at the end of the tunnel. I don't see the $2 trillion as anything more than a 3-month bandaid. Maybe the market has consoled itself with getting $2 trillion bandaids whenever the economy needs it, and let the Gen Zs carry their cash in wheelbarrows. Am not really joking, that is how I read it, the market is discounting future stimulus packages in addition to this one.
     
  16. MattR

    MattR Member+

    Jun 14, 2003
    Reston
    Club:
    DC United
    Nat'l Team:
    United States
    Right, so a few more months of college loans and then we're done, eh?
     
  17. JohnR

    JohnR Member+

    Jun 23, 2000
    Chicago, IL
    Apparently so.
     
  18. The Jitty Slitter

    The Jitty Slitter Moderator
    Staff Member

    Bayern München
    Germany
    Jul 23, 2004
    Fascist Hellscape
    Club:
    FC Sankt Pauli
    Nat'l Team:
    Belgium
    I tend to agree. It's hard to see how reality is being priced in. But maybe the market is now quite disconnected from facts on the ground?
     
    taylor repped this.
  19. JamesA

    JamesA Member+

    Dec 7, 2004
    Victoria
    Club:
    Manchester United FC
    Now? It was disconnected 10 years ago during during the GFC and never reattached.

    I mean, a bull market for over a decade following that? Its BS. And, I'm no socialist commy either.
     
  20. American Brummie

    Jun 19, 2009
    There Be Dragons Here
    Club:
    Birmingham City FC
    Nat'l Team:
    United States
    Markets might be betting on snake oil from the White House.
     
    The Jitty Slitter repped this.
  21. JohnR

    JohnR Member+

    Jun 23, 2000
    Chicago, IL
    More likely Congressional $S$nake oil.
     
  22. The Jitty Slitter

    The Jitty Slitter Moderator
    Staff Member

    Bayern München
    Germany
    Jul 23, 2004
    Fascist Hellscape
    Club:
    FC Sankt Pauli
    Nat'l Team:
    Belgium
    That's my feeling. They are trading on trillions in helicopter money for now.
     
  23. Cascarino's Pizzeria

    Apr 29, 2001
    New Jersey, USA
    Well we know about stagnant wage growth since St. Ronnie (not an accident) and how 40% of USAmerican adults would have a hard time covering an unexpected $400 expense. If your wage growth barely keeps up with inflation you can't really participate in the bull market.
     
    Dr. Wankler repped this.

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