Posted on 02/28/2020 9:03:47 AM PST by C19fan
This is a good time to watch which stocks are resisting the downturn. Once the market turns around, they will quickly rebound.
Example: BOTZ is an EFT for artificial intelligence companies. Dow is down 2.5% today. BOTZ is down .85%, and has even been positive at times today. I expect it to jump at the rebound.
Nope, no rate cut. To do that now would worsen the panic. The uptick rule was wrong when it was instituted back in 1938 and would be wrong again today. The markets need to be able to move freely.
3.5% as of my post.
was down 450 20 minutes ago, now down 845. Something fishy is going on today.
No, the virus will be a distant memory in 2 months and the media and Dems will move on to the next attack.
By June, the DOW will be back.
Look at 30 day zinc, lead and copper. Basically flat.
So if oil is crashing due to China going into recession why wouldn’t base metals as well? Makes no sense.
Along George F. Soros.
They are TRYING to panic the populace and they ain’t biting.
ya, but I don’t see anything to tell me that there will be support/stability any time in the next week or so...until then I’m assuming we are going further down the rabbit hole.
I’m convinced Goldman Sachs and others are not selling their own trading positions. They are selling their clients’ holdings on behalf of Soros.
Excellent points, all.
>>...until then I’m assuming we are going further down the rabbit hole.<<
I agree. This is 100% coronavirus generated now. For a couple of days there, just before it came apart at the seams, the market was digesting improving numbers from China. They were probably bogus numbers, but they were about all we had and they were definitely improving, especially in provinces outside Hubei.
Then S. Korea and Italy hit, followed by Iran and the market went back to being virus driven. Yesterday’s was driven by the new case in the U.S. that couldn’t be explained by contact with someone from China.
Now we’ve got a weekend to see if more cases show up here, if S. Korea continues exploding, what new countries are added to the list of those losing control, how many countries see their first cases, etc. It’s hard to envision coming in Monday morning and finding all that has resolved in a non-threatening way over the weekend.
Eventually though, prices of individual stocks will get so cheap that money on the sidelines won’t be able to resist buying, but it still looks early given all the virus news that could still break badly in the very near future.
BOOM!
L@@K!
Or, forgot “WOW!”
FOMC doesn't meet until March 17.
When everyone is panicking, that is the time to buy. A chunk at a time if you want to possibly catch a lower floor. It won’t be long before companies start announcing their work arounds that mostly nullify the problem.
Good luck to you, but it’s often the stocks hit worst that rebound best.
Only God knows where the bottom is, but buying in on the way down still looks pretty good when all is said and done. Especially if you miss out on “the bottom” and wait too long to get back in.
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