![]() |
![]() |
#1 | ||
Resident Alien
Join Date: Jun 2001
|
The Stock Market thread
You had a good run, old friend.
![]() Last edited by Kodos : 01-20-2021 at 03:09 PM. |
||
![]() |
![]() |
![]() |
#2 |
Head Coach
Join Date: Oct 2005
|
Yup. It was fun.
|
![]() |
![]() |
![]() |
#3 |
Coordinator
Join Date: Sep 2003
|
Hasn't it been dead for weeks though?
__________________
Why choose failure when success is an option? |
![]() |
![]() |
![]() |
#4 |
General Manager
Join Date: Oct 2002
Location: The Mountains
|
All of the gains since Trump took office gone.
If we get past all this by summer and fall and get a predictable economic boost then, that has to be pretty good for Trump in November I'd think. Last edited by molson : 03-12-2020 at 04:25 PM. |
![]() |
![]() |
![]() |
#5 |
Grey Dog Software
Join Date: Nov 2000
Location: Phoenix, AZ by way of Belleville, IL
|
There will be a boost between May and August - good luck predicting when though. Better to hold on and hope to wait it out at this point.
|
![]() |
![]() |
![]() |
#6 |
Head Coach
Join Date: Oct 2005
|
Got to be honest, I don't fear this as much as what I remembered during the GR.
The GR came on the heels of dot-com crash, 9/11 shock, so it was like 3 bad markets in 10 years with the GR as the cherry on the top ... and we came back from that. I call that my lost decade of investment growth. |
![]() |
![]() |
![]() |
#7 | |
Head Coach
Join Date: Oct 2002
Location: Seven miles up
|
Quote:
Win for trump?
__________________
He's just like if Snow White was competitive, horny, and capable of beating the shit out of anyone that called her Pops. Like Steam? Join the FOFC Steam group here: http://steamcommunity.com/groups/FOFConSteam |
|
![]() |
![]() |
![]() |
#8 |
Pro Starter
Join Date: Jan 2004
|
I am holding my breath I think we still are not close to the bottom. I won’t be shocked to see us looking at sub 15000 DOW at the beginning of April.
|
![]() |
![]() |
![]() |
#9 |
Resident Alien
Join Date: Jun 2001
|
Welp, it became official over the last two days. |
![]() |
![]() |
![]() |
#10 |
Hall Of Famer
Join Date: Jun 2006
Location: Chicago, IL
|
Did they dump half a trillion in just for a 15 minute rally today?
|
![]() |
![]() |
![]() |
#11 |
Head Coach
Join Date: Oct 2005
|
Last edited by Edward64 : 03-12-2020 at 07:11 PM. |
![]() |
![]() |
![]() |
#12 | |
Head Coach
Join Date: Oct 2005
|
Quote:
I can see that considering we haven't reached the peak of FUD yet IMO. My guess is once we know how bad it is, things will calm down some. And that starts with reliable/trusted metrics based on testing - # infected, # dead. Then start of a sustained recovery once good news on vaccine is out. |
|
![]() |
![]() |
![]() |
#13 |
Hall Of Famer
Join Date: Nov 2002
Location: Newburgh, NY
|
Asian markets getting hammered.
__________________
To love someone is to strive to accept that person exactly the way he or she is, right here and now.. - Mr. Rogers |
![]() |
![]() |
![]() |
#14 |
Head Coach
Join Date: Oct 2005
|
|
![]() |
![]() |
![]() |
#15 |
Head Coach
Join Date: Oct 2005
|
... and the Dow is trying to mount a comeback!
I'm guessing this one is a dead cat bounce. |
![]() |
![]() |
![]() |
#16 |
Hall Of Famer
Join Date: Nov 2002
Location: Newburgh, NY
|
Why did cruise ship stocks rebound some?
__________________
To love someone is to strive to accept that person exactly the way he or she is, right here and now.. - Mr. Rogers |
![]() |
![]() |
![]() |
#17 |
H.S. Freshman Team
Join Date: Oct 2000
Location: Tucson, AZ
|
|
![]() |
![]() |
![]() |
#18 |
Hall Of Famer
Join Date: Nov 2002
Location: Newburgh, NY
|
Not a good opening.
__________________
To love someone is to strive to accept that person exactly the way he or she is, right here and now.. - Mr. Rogers |
![]() |
![]() |
![]() |
#19 |
Favored Bitch #1
Join Date: Dec 2001
Location: homeless in NJ
|
|
![]() |
![]() |
![]() |
#20 |
lolzcat
Join Date: Oct 2000
Location: Annapolis, Md
|
Shot the last legit bullet at arguably the worst possible time, all to bow to pressure from the clown-in-chief. S&P opens 250 down. Of course it does.
|
![]() |
![]() |
![]() |
#21 |
Grizzled Veteran
Join Date: Nov 2013
|
There goes dreams of an early retirement.
__________________
"I am God's prophet, and I need an attorney" |
![]() |
![]() |
![]() |
#22 |
Death Herald
Join Date: Nov 2000
Location: Le stelle la notte sono grandi e luminose nel cuore profondo del Texas
|
I wonder if Trump will send a signed copy of today's DJIA chart to Lou Dobbs as well.
__________________
Thinkin' of a master plan 'Cuz ain't nuthin' but sweat inside my hand So I dig into my pocket, all my money is spent So I dig deeper but still comin' up with lint |
![]() |
![]() |
![]() |
#23 | |
Head Coach
Join Date: Oct 2000
Location: North Carolina
|
Quote:
The shame of it is that, like so many of the Trump/GOP-caused problems, the subtleties of the situation are one step removed from a soundbite. So I do not think that the voters will send the right message in response to this demented mismanagement of the situation. |
|
![]() |
![]() |
![]() |
#24 |
Head Coach
Join Date: Oct 2005
|
|
![]() |
![]() |
![]() |
#25 |
Checkraising Tourists
Join Date: Jan 2001
Location: Cocoa Beach, FL
|
My wife and I have been pretty lucky (so far). We’re close to early retirement, and our 401K’s (2020 target date) haven’t been hit nearly as hard as some of our younger coworkers. It’s down about 10% for the year to date, and up about 6% for the past one year interval.
Obviously, if the market continues to tank throughout the year, we’ll probably have to continue to work for a few more years. |
![]() |
![]() |
![]() |
#26 | |
Coordinator
Join Date: Jun 2002
Location: The scorched Desert
|
Quote:
We are in the same boat, I was on track to retire at 59 1/2 with plans to take a more "enjoyable" job to supplement the lower retirement dividend. That is still 2+ years away but not looking good ATM. |
|
![]() |
![]() |
![]() |
#27 |
Head Coach
Join Date: Oct 2005
|
Okay, are we at the "capitulation" stage yet? Or do those old norms/patterns get tossed out because this is a pandemic?
|
![]() |
![]() |
![]() |
#28 |
Checkraising Tourists
Join Date: Jan 2001
Location: Cocoa Beach, FL
|
According to the technical definition, we emerged from the bear market today. Of course, it won't last, but it sounds bizarre anyway.
US stocks surge despite the worst jobless claims data in history: March 26, 2020 |
![]() |
![]() |
![]() |
#29 |
Head Coach
Join Date: Oct 2000
Location: North Carolina
|
There's big money to be made right now, but I think that it's in the same way that there's big money to be made at a craps table.
I haven't even looked at our 401(k)s because i don't want to be tempted to do anything. I know enough to know I can't beat the market in normal times. Now? I'd lose my shirt three times over. |
![]() |
![]() |
![]() |
#30 | |
Checkraising Tourists
Join Date: Jan 2001
Location: Cocoa Beach, FL
|
Quote:
It will be interesting to see what happens when we work our way out of this pandemic, which isn't going to happen anytime soon. With that being said, I don't think the comparisons some are making to 2008 are necessarily applicable. The recent market crash is the result of a self-imposed shutdown of the economy. In 2008, the very core of our economy came crashing down like a house of cards with the collapse of the housing market and financial institutions. |
|
![]() |
![]() |
![]() |
#31 |
Head Coach
Join Date: Oct 2005
|
Getting whiplash with all these market gyrations.
|
![]() |
![]() |
![]() |
#32 |
Head Coach
Join Date: Oct 2000
Location: North Carolina
|
|
![]() |
![]() |
![]() |
#33 |
Pro Starter
Join Date: Jan 2004
|
So looks like the bull market and recession at least on the market is over !? The market finding any comfort with 10s of millions of people being laid off is mind boggling. Plus, I know some our dec
Acting victory and a flattening of the curve but we had the second highest day for deaths and positive results yesterday. I here a lot of people saying hat this was just the flu an we will be back to business in a few weeks. I just don’t get it. |
![]() |
![]() |
![]() |
#34 |
Resident Alien
Join Date: Jun 2001
|
Yeah, yesterday's results were mystifying for sure.
Last edited by Kodos : 04-07-2020 at 08:29 AM. |
![]() |
![]() |
![]() |
#35 | |
Head Coach
Join Date: Oct 2000
Location: North Carolina
|
Quote:
Strong indications from the WH and Congress that another $1T + stimulus bill is coming. https://www.washingtonpost.com/us-po...ulus-trillion/ |
|
![]() |
![]() |
![]() |
#36 | |
Pro Starter
Join Date: Jan 2004
|
Quote:
Yeah but I mean so what. I know those stimulus bills are more about helping the market than really any tangible relief for average people. People I know who are looking for help still have not got SBA loans or any money from the government and unemployment is swamped with all the claims. Last edited by Galaril : 04-07-2020 at 08:37 AM. |
|
![]() |
![]() |
![]() |
#37 |
Coordinator
Join Date: May 2002
Location: Jacksonville, FL
|
The market's making a bet on what the economy will look like 6 months from now
__________________
Jacksonville-florida-homes-for-sale Putting a New Spin on Real Estate! ----------------------------------------------------------- Commissioner of the USFL USFL |
![]() |
![]() |
![]() |
#38 |
Hall Of Famer
Join Date: Apr 2002
Location: Back in Houston!
|
A couple of my coworkers like to talk in hushed tones about their retirement (that they have individual stocks and they treat like gambling for big kids). It's like watching degenerate gamblers: always talking about their great hits and their bad beats ("I sold Tesla right before it really took off") but never talking about the baths they take from their less sexy picks.
SI
__________________
Houston Hippopotami, III.3: 20th Anniversary Thread - All former HT players are encouraged to check it out! Janos: "Only America could produce an imbecile of your caliber!" Freakazoid: "That's because we make lots of things better than other people!" |
![]() |
![]() |
![]() |
#39 |
Head Coach
Join Date: Oct 2000
Location: North Carolina
|
I would enjoy having some play-around money to put in the market and try and pick individual stocks. It would be like gambling, and gambling is fun.
I can't imagine doing that with the money I actually need to retire . . . My risk tolerance is WAY too low. Last edited by albionmoonlight : 04-07-2020 at 11:33 AM. |
![]() |
![]() |
![]() |
#40 | |
Pro Starter
Join Date: Nov 2002
Location: Winnipeg, MB
|
Quote:
It's not really gambling if you can actually afford to lose. You gotta NEED that win! ![]()
__________________
"Breakfast? Breakfast schmekfast, look at the score for God's sake. It's only the second period and I'm winning 12-2. Breakfasts come and go, Rene, but Hartford, the Whale, they only beat Vancouver maybe once or twice in a lifetime." |
|
![]() |
![]() |
![]() |
#41 | |
Grizzled Veteran
Join Date: Nov 2013
|
Quote:
Why worry? If you pick a bad stock then just double your money on the next one you pick!
__________________
"I am God's prophet, and I need an attorney" |
|
![]() |
![]() |
![]() |
#42 |
Head Coach
Join Date: Oct 2000
Location: North Carolina
|
|
![]() |
![]() |
![]() |
#43 |
Resident Alien
Join Date: Jun 2001
|
If it's going poorly, just jump into some leveraged ETFs. What could go wrong?!?
|
![]() |
![]() |
![]() |
#44 |
Hall Of Famer
Join Date: Nov 2002
Location: Newburgh, NY
|
My quarterly statement today wasn't as bad as I thought it would be. I guess that's good news.
__________________
To love someone is to strive to accept that person exactly the way he or she is, right here and now.. - Mr. Rogers |
![]() |
![]() |
![]() |
#45 | |
Head Coach
Join Date: Oct 2000
Location: North Carolina
|
Quote:
I don't remember the exact quote, but someone once asked Arnold Palmer or Jack Nicklaus about the pressure of making a putt to win a $10,000 tournament. And he responded that pressure is not having to make a putt to win $10,000. Pressure is having to make a putt to beat your buddy when you bet him $100 and you have only $50 in your pocket. |
|
![]() |
![]() |
![]() |
#46 |
Hall Of Famer
Join Date: Apr 2002
Location: Back in Houston!
|
Jobless claims: Another 5.245 million Americans file for unemployment benefits
I still don't get how stocks could be like "Hey, let's open up after the latest round of 5M unemployed". I mean, I know they have to have that number baked in a little. But there was nowhere that 22M jobless claims in a month was baked into the numbers where we're only 20% off of an irrational market high. SI
__________________
Houston Hippopotami, III.3: 20th Anniversary Thread - All former HT players are encouraged to check it out! Janos: "Only America could produce an imbecile of your caliber!" Freakazoid: "That's because we make lots of things better than other people!" |
![]() |
![]() |
![]() |
#47 | |
Head Coach
Join Date: Oct 2002
Location: Seven miles up
|
Quote:
I'm guessing because the people at the top of the food chain really haven't been impacted by this as much as others. We might see a steady, weakness in the markets the rest of the year as companies start to experience the after effects, and the stimulus money expires. A lot will depend on another stimulus. The market is a measure of public money after all, and as long as the government is going to keep printing and giving it away there will be some legs under the markets.
__________________
He's just like if Snow White was competitive, horny, and capable of beating the shit out of anyone that called her Pops. Like Steam? Join the FOFC Steam group here: http://steamcommunity.com/groups/FOFConSteam |
|
![]() |
![]() |
![]() |
#48 |
Grizzled Veteran
Join Date: Nov 2013
|
I have to wonder what people will do when the lockdowns are lifted.
Will they be timid in going out to restaurants and crowded entertainment events? Or will they go with a gusto and pack everything and take vacations. The majority of Americans are still employed and I bet a lot of them have money saved up waiting to be burned.
__________________
"I am God's prophet, and I need an attorney" |
![]() |
![]() |
![]() |
#49 | |
Head Coach
Join Date: Oct 2002
Location: Seven miles up
|
Quote:
I think Ben answered that one in the other thread. Some of both, with a vast majority being very conservative and hesitant, for health and financial reasons.
__________________
He's just like if Snow White was competitive, horny, and capable of beating the shit out of anyone that called her Pops. Like Steam? Join the FOFC Steam group here: http://steamcommunity.com/groups/FOFConSteam |
|
![]() |
![]() |
![]() |
#50 |
Head Coach
Join Date: Oct 2000
Location: North Carolina
|
I am not sensing much gusto from my friends and family.
People seem to get that (1) this is spreading asymptomaticly, (2) it can make a decent percentage of people go-to-the-hospital sick, and (3) we don't have anything like the testing infrastructure in place to try and use that as a way to soft reopen. The governors could all "reopen" everything, but it won't matter if people don't come. You can't make someone sit in a movie theater full of strangers in a world with inadequate testing and contact tracing. |
![]() |
![]() |
![]() |
Currently Active Users Viewing This Thread: 9 (0 members and 9 guests) | |
Thread Tools | |
|
|