Posted on 05/10/2022 6:44:07 AM PDT by Tell It Right
U.S. stocks rose Tuesday as the major averages attempted to recover from 3 days of heavy selling that brought the S&P 500 to its lowest level in more than a year.
The Dow Jones Industrial Average was last up 470 points, or 1.5%. The S&P 500 and Nasdaq Composite climbed 1.8% and 2.6%, respectively.
On the earnings front, shares of Peloton Interactive plummeted 17.8% after reporting a wider-than-expected loss in the recent quarter. AMC’s stock rose 6.6%, while Novavax dropped about 20% on the back of recent quarterly earnings.
(Excerpt) Read more at cnbc.com ...
Dead cat bounce.
So here is my contribution:
Dead cat bounce on wet cement.
Sucker’s Rally
My thought as well.
The sell-off is far from over IMO.
I guess if you are a trader a 1% bump is pretty sexy. My taste for that kind of risk has waned quite a bit.
Are people selling short?
The Dow is now up only 299 so the hopes and dreams of CNBC may fall a bit short today.
It’s been a while since I looked at options data. Do you know a source?
The opening prices are based on all the pre-placed orders being filled. They mean nothing about what will happen throughout the day. If recent trends hold, the indexes may well close well down.
I wouldn't be surprised one bit if the DOW drops a couple thousand more points over the next couple weeks.
BIDEN IS DOOM AND GLOOM, DEBT, DEPRESSION, DAMAGE, DESTRUCTION, DIVISION, AND MOST OF ALL: DEMENTIA.
The economy is contracting due to the lunatic green assault on fossil fuel production and transport facilities. Farming is severely affected as natural gas, the core ingredient of fertilizer and diesel fuel becomes scarce and expensive. There will be hunger wars.
They sell short for a couple of days then cover so we see these brief "rallies". They then repeat the process. IMHO
Trump loved/loves America and he really did an excellent job of setting a national tone of OPTIMISM. TEAM BIDEN KILLED ALL OF THAT AND IT'S ALL 100% INTENTIONAL!
Great, markets come down 3,000 and the media trumpets a gain of 400.
Gas goes up 2/gallon and the media cheers when it drops 5 cents.
People see these numbers, they aren’t stupid.
Agreed. Even with today’s 1.5% rise in the S&P 500, the S&P is still down 15% from it’s ATH on January 3rd. It’s got to go down another 15% before I even think about buying back in.
That about covers it. Free-fall elevator down and rickety stairs up.
There was a day when something like Peloton would still be wishing it could be listed. Buffet is right about the market having become a gambling house. Question is though, what else can you do but look for value adding essential investments?
The thing I wish I had done when I first began all this mess nearly 50 years ago now would have been to buy solid blue chip and/or dividend aristocrat stocks. Just less than 10 so I could monitor them well enough. Lots of the Generals would have failed me though... General Electric, General Mills, General Motors... Similar funds would do just as well with less work.
I’m not opening a robinh00d account unless the dow gets down to 20k.
In spring of 2020, during the shutdown, I said I was opening account and going all in if the dow got to 15k. It made it almost down to 17k. I regret not doing it though.
Up 101.92 now…
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