Stock market up almost 1300 points today

[Crazyhole]

I havent checked VIX but this has to be the most volatile market in a generation. Have to wonder if it is a response to the DNC trying to consolidate support around a single candidate because it doesnt look like coronavirus news was any better today.

 

[UCFKnight85]

Advise: don’t buy. Don’t sell. People who make moves in this insane of a market get killed.

 

[DaShuckster]

Down a staggering 1000 points in one day and up a mind-boggling 1300 in another single day within 7 days of each other tells you all you need to know.

 

[Crazyhole]

Down a staggering 1000 points in one day and up a mind-boggling 1300 in another single day within 7 days of each other tells you all you need to know.

The question is why. Coronavirus? Nothing has changed. Democrat primary? Still up in the air. Speculation about the fed dropping interest rates? Maybe, but premature.

Something seems fishy about this and I have a feeling that overnight markets are going to tell the story. 18 hours from super Tuesday............

 

[Sir Galahad]

The question is why. Coronavirus? Nothing has changed. Democrat primary? Still up in the air. Speculation about the fed dropping interest rates? Maybe, but premature.

Something seems fishy about this and I have a feeling that overnight markets are going to tell the story. 18 hours from super Tuesday............

Not that I believe anything out of China but if their cases are down then it shows a trend. Either way, it all levels out.

 

[KNIGHTTIME^]

Confirmed the Corona is over. Back to record highs again

 

[fried-chicken]

Fed signaled rate drop in March to stimulate. It's short sighted. The Fed can't fix this.

 

[KNIGHTTIME^]

Fed signaled rate drop in March to stimulate. It's short sighted. The Fed can't fix this.

Wrong. The secret to curing the Corona is lower rates. Everybody knows that

 

[Crazyhole]

Fed signaled rate drop in March to stimulate. It's short sighted. The Fed can't fix this.

I thought that was weird from the beginning. No market indicators showed a need for lower interest rates, so what's the deal? They are worried about something in the near future.

 

[fried-chicken]

I thought that was weird from the beginning. No market indicators showed a need for lower interest rates, so what's the deal? They are worried about something in the near future.

Yeah the impact the virus will have on supply chain. But it's not something that can be fixed easily. IMO. I'm just gonna sit in cash. People bought back in today because they were greedy. When we have a really bad day for the virus it'll kick back in

 

[UCFKnight85]

Yeah the impact the virus will have on supply chain. But it's not something that can be fixed easily. IMO. I'm just gonna sit in cash. People bought back in today because they were greedy. When we have a really bad day for the virus it'll kick back in

You don’t know what the difference is between a private and public entity. Please don’t act like you have a clue about investing.

 

[Crazyhole]

Yeah the impact the virus will have on supply chain. But it's not something that can be fixed easily. IMO. I'm just gonna sit in cash. People bought back in today because they were greedy. When we have a really bad day for the virus it'll kick back in

So what changed today? It doesnt seem like by what's being reported that the virus is slowing down or the fear of it has subsided. Last week made sense, today doesn't at all.

 

[fried-chicken]

So what changed today? It doesnt seem like by what's being reported that the virus is slowing down or the fear of it has subsided. Last week made sense, today doesn't at all.

Greed.

Buy the dip. Fed gonna lower rates and stimulate.

The thing is, it's misguided. The virus ain't going anywhere we have 6 deaths in Washington. When we get widespread infections in a few weeks it's going to get hit again

 

[fried-chicken]

You don’t know what the difference is between a private and public entity. Please don’t act like you have a clue about investing.

My favorite part of this is that you don't understand that a religious based co-op isn't a typical private insurance company even if they operate in the private sector. Sometimes I make assumptions that the people I'm interacting with have a certain level of base knowledge and that I don't have to explain obvious intent in my posts. I'll just assume you need everything spelled out as simple as possible.

 

[Crazyhole]

My favorite part of this is that you don't understand that a religious based co-op isn't a typical private insurance company even if they operate in the private sector. Sometimes I make assumptions that the people I'm interacting with have a certain level of base knowledge and that I don't have to explain obvious intent in my posts. I'll just assume you need everything spelled out as simple as possible.

Does my use of GoodRX bother you as much as my use of CHM? I saved 85 bucks on saturday for a prescription. Isnt the financial goal for everyone to come out ahead?

 

[fried-chicken]

Does my use of GoodRX bother you as much as my use of CHM? I saved 85 bucks on saturday for a prescription. Isnt the financial goal for everyone to come out ahead?

Yeah it does. Goodrx gives you better deals for free with no relationship than your insurance can do and you pay them for it. I am fundamentally opposed to GoodRx

 

[Crazyhole]

Yeah it does. Goodrx gives you better deals for free with no relationship than your insurance can do and you pay them for it. I am fundamentally opposed to GoodRx

9/10 trolling. Good job.

 

[goodknightfl]

The weekend gave investors a chance to party and get laid. Which allowed them to put their fears aside.. life is always better with sex.

 

[firm_bizzle]

Trump had better given my money back or there were gonna be probs.

 

[firm_bizzle]

The weekend gave investors a chance to party and get laid. Which allowed them to put their fears aside.. life is always better with sex.

Until Wednesday.

 

[UCFKnight85]

Just a reminder that no one actually made or lost anything in the past week, unless you actually bought or sold stock (which would have been dumb). This was all just swings in unrealized gains or losses.

Important to remember when the lefties tell you how sensible Warren's braindead "wealth tax" is.

 

[UCFWayne]

thanks obama*

 

[fried-chicken]

Fed did an emergency rate cut of half a percent.

Not sure if that's good or bad news.

 

[Crazyhole]

Fed did an emergency rate cut of half a percent.

Not sure if that's good or bad news.

It has to have something to do with the debt market. This just doesnt make sense based on what we know as of today.

 

[fried-chicken]

It has to have something to do with the debt market. This just doesnt make sense based on what we know as of today.

They cited coronavirus. I mean obviously this isn't going to fix supply chain but maybe it offsets damage a little. Honestly it's a head scratcher and I think it adds to public nervousness that they do an off schedule rate drop of half a percent.

 

[Crazyhole]

They cited coronavirus. I mean obviously this isn't going to fix supply chain but maybe it offsets damage a little. Honestly it's a head scratcher and I think it adds to public nervousness that they do an off schedule rate drop of half a percent.

I dont see how this can possibly address a supply issue from China. The problem isnt whether money is available, it's the shortage of workforce. There has to be a more fundamental issue in the market that they see regarding M2 that they want to head off.

 

[fried-chicken]

Just a reminder that no one actually made or lost anything in the past week, unless you actually bought or sold stock (which would have been dumb). This was all just swings in unrealized gains or losses.

Important to remember when the lefties tell you how sensible Warren's braindead "wealth tax" is.

Umm. I actually agree with you about unrealized gains but I'm super confused because you are the first one on here with your dick hard when the market is up.

As for not selling, it's actually pretty smart to move your 401k into safer investments if you are nervous about the market. It can always be moved back and you might miss out on some growth but you if you're expecting the virus and/or investor confidence to hurt the market long term then there's no problem moving to a low risk option.

 

[NinjaKnight]

@ @Crazyhole and @fabknight selling on the dip. Just like I said in the other thread, not surprised th same people keep making idiotic moves.

 

[Crazyhole]

I wonder if there has been a slowdown on repatriation of dollars that led to this.

 

[firm_bizzle]

Holy cow the market is going nuts over Joe Biden's wins last night!

 

[UCFKnight85]

Holy cow the market is going nuts over Joe Biden's wins last night!

It's incredible that in 2020, it's worth celebrating to have a Democratic candidate who actually believes in capitalism to pull ahead in the race.

 

[Crazyhole]

Looks to me like the market was responding to the likelihood of a bernie win more than anything.

 

[firm_bizzle]

It's incredible that in 2020, it's worth celebrating to have a Democratic candidate who actually believes in capitalism to pull ahead in the race.

So Joe isn't a socialist anymore?

 

[firm_bizzle]

Looks to me like the market was responding to the likelihood of a bernie win more than anything.

Wrong. They said it was because of Biden.

 

[UCFKnight85]

So Joe isn't a socialist anymore?

Don’t stoop to Shookster pathetic levels. I never said he was. I said he’d grovel to his base at some point.

 

[DaShuckster]

I never said he was. I said he’d grovel to his base at some point.

Grovel to his base??!? Perish the thought!

We all know that's Trump's territory.