OR is it a bear market rally? Who knows but I will keep dollar cost averaging until retirement...
Financial media is the original Fake News.
A market like this doesn’t end this quick. We are looking at massive volatility until year end.
The last three days is a rally that will probably be met with a lower low.
2002 and 2009 saw a 45-50% decline, and that is potential here too.
Some might call this a dead cat bounce, a symptom of fed money rushing in, shorts cashing in, longs picking off some bargains, traders making a rally move.
-28 yrs of finance career and counting...
I took a cruise on Carnival only I feel more like a clown at the carnival. I shorted it yesterday @$13.82 with expectations of Nancy’s shenanigans the market to tank but it keep going up and up and since I bought on margin 3300 shares I was sick by the end of the day. Ambrose had a margin call and bought to cover (not by my choosing) at near the high of the day and by end of day I could have saved $2000. I kept 1800 shares thinking the market would tank today after 2 huge rallies and CCL had 2 back to back 20% gains that normally would have a pull back, but when I checked around noon it was at 18.89 I panicked and bought back. Now it’s at 18.— F me. Feels like 2000 and 2008 all over again.
Keep in mind that this is a VERY fragile recovery - one that could be dashed in minutes if Nancy Pelosi goes off on another of her “whims” and sabotages the recovery bill that passed through the Senate. She is not above slipping in a few minor “poison pills”, any one of which would result in a Trump veto. Then the chorus would go up, “Trump’s fault!”
That’s the way they do business, you know.
Happy days are here again! [/sarc]
Drudgereport is going into hysterics trying to bring the country down with fearmongering.
Date Open High Low Close* Adj Close Volume Loss/Gain % Description Feb 12, 2020 29,406.75 29,568.57 29,406.75 29,551.42 29,551.42 309,530,000 Mar 23, 2020 19,028.36 19,121.01 18,213.65 18,591.93 18,591.93 787,970,000 37.08617 Loss Off high Mar 26, 2020 21,468.38 22,595.06 21,427.10 22,552.17 22,552.17 705,182,322 37.37656 gain Claw back of lossesThe market lost 37.09% of it's value at it's highest point.
So far it has clawed back 37.38% of those loses. Not bad.
When Nancy tests positive the market will be over 50,000.
Some good buys on the rebound. Problem is that with all of the printing of funny money, we are setting ourselves up for a sovereign debt crisis.
* insert image of dead cat bouncing here *
From what I saw today in Florida, Floridians are going back to work. The only way to stop it would probably take an army.
Mr Market has taken manic-depression to a whole new level. Just wait until the conventions and the election, it will be another crash or boom every week.
THE ECONOMY'S GOING TO SOAR THROUGH THE STRATOSPHERE!
THANK GOD FOR PRESIDENT TRUMP!
If you went on vacation to Tahiti for 2 weeks, didn’t have cell phone service, and just came back — you would learn we’ve been in the worst bear market since 1929, and have since begun a new bull market.
Do you really think the Dems could have pulled off even 10% of what the President has accomplished during this event.
I’m letting it all ride on Red tomorrow.
We need to change the subject. TRUMP HATES BLACKS!
MAGABULL strikes again. Tomorrow 25% of the IRA is going HOME....
To the US Stock market.
Bear? What’s a bear?
“down 21% for the year, despite also climbing 21%”
Down 21% is not equal to up 21%.