The Economy (2020/21)
- Thread starter rideit
- Start date
The US stock market has now wiped out the entire $11.5 trillion of value it gained since Trump's 2016 election victory
The Trump administration initially downplayed the coronavirus outbreak, with the economic adviser Larry Kudlow calling it "contained" on February 25.
markets.businessinsider.com
FAKE NEWS! BIGLY WINNING! #MAGA!
The US stock market has now wiped out the entire $11.5 trillion of value it gained since Trump's 2016 election victory
The Trump administration initially downplayed the coronavirus outbreak, with the economic adviser Larry Kudlow calling it "contained" on February 25.
At least we have a president who knows how to lead a country then things aren't going well.
Well, he has lots of experience with failure, I’ll grant you that.
He can just declare bankruptcy and then lie into another investor somewhere. And if it all goes to shit just get daddy to bail everyone out. That's why I voted for trump. We need someone with real business experience here! And the stable genius has it!
What is a 'dead cat bounce?'
A term often used by technical analysts to explain a small, brief recovery in the price of a declining stock or the broader market, which is then followed by the continuation of a downtrend.
Dead *bat* bounce is the proper term at this point in history.What is a 'dead cat bounce?'
A term often used by technical analysts to explain a small, brief recovery in the price of a declining stock or the broader market, which is then followed by the continuation of a downtrend.www.cnbc.com
So, that's what we are saying Tuesday was?What is a 'dead cat bounce?'
A term often used by technical analysts to explain a small, brief recovery in the price of a declining stock or the broader market, which is then followed by the continuation of a downtrend.
Edit:
Just saw futures. Short something for me. Anything.
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Market's open. We're holding at ~3%, but from my internals, the sell orders are huge and they are mutual fund, which means they process overnight.
What a pile of goddam SOCIALISM. I'd rather die.
But the candidate making this case is ToO rAdICal!
"Sir, we can *certainly* fulfill your request. Please, if you will... follow me."
I can't wait for the Brian's to start melting down over California's plan to commandeer hotels if necessary to augment hospital space... 
Is it nap time yet?
I just explained r0 and the exponential growth of the virus, morbidity/mortality rate, etc. of this to my boss and how it impacts supply/demand-side economics, the 80% pay-check to pay-check US population, and high US service industry economy and he just had an epiphany as to why "the world" is "over reacting" to the news. He's a really good sales manager with an insurance background; not investments from the institutional level.
I just explained r0 and the exponential growth of the virus, morbidity/mortality rate, etc. of this to my boss and how it impacts supply/demand-side economics, the 80% pay-check to pay-check US population, and high US service industry economy and he just had an epiphany as to why "the world" is "over reacting" to the news. He's a really good sales manager with an insurance background; not investments from the institutional level.
You need investment background to understand that? How do these people get promoted to their senior leadership positions?
More about the extent and amplification. The sr. management teams that came out of investments get it; the guys the came from sales...eh, not so much.
Must be from fancy bro-ternity, too.
And chances are low that he's non-white.
What are the chances he is from an unclean country?And chances are low that he's non-white.
WE HIT 22! #MAGA!!!
wanna take bets on how long it takes for people to get all maintenance de routine once mass layoffs start?
morbid, yet realistic opinion: suicide rates are about to go up as well.
Source?
My brother does fire investigation. He predicts "unexplained" structure fires are about to increase as well.
Yeah? But now he can buy them all back now that the market is up 9%! That guy is crazy like a fox!
So, most of our stock activity is in (mostly) mutuals with our broker. What would be the fastest, cheapest way for my to turn a chunk of cash I have set aside into stocks right now?
I have never been a day trader or anything...
I have never been a day trader or anything...
Deposit $$ into brokerage account, buy stocks. It's that simple.
I want to keep it separate from our other accounts. Can you recommend an online broker?
For simplicity, almost all my accounts are with Fidelity. And their online brokerage service is fine... but @stoney would probably have a better perspective.
Remember how I was talking about volume yesterday? This is the S&P.Yeah? But now he can buy them all back now that the market is up 9%! That guy is crazy like a fox!
| Date | Open | High | Low | Close* | Adj Close** | Volume |
|---|---|---|---|---|---|---|
| Mar 13, 2020 | 2,569.99 | 2,711.33 | 2,492.37 | 2,711.02 | 2,711.02 | 600,445,640 |
| Mar 12, 2020 | 2,630.86 | 2,660.95 | 2,478.86 | 2,480.64 | 2,480.64 | 8,829,380,000 |
| Mar 11, 2020 | 2,825.60 | 2,825.60 | 2,707.22 | 2,741.38 | 2,741.38 | 7,374,110,000 |
| Mar 10, 2020 | 2,813.48 | 2,882.59 | 2,734.00 | 2,882.23 | 2,882.23 | 7,635,960,000 |
| Mar 09, 2020 | 2,863.89 | 2,863.89 | 2,734.43 | 2,746.56 | 2,746.56 | 8,423,050,000 |
| Mar 06, 2020 | 2,954.20 | 2,985.93 | 2,901.54 | 2,972.37 | 2,972.37 | 6,552,140,000 |
| Mar 05, 2020 | 3,075.70 | 3,083.04 | 2,999.83 | 3,023.94 | 3,023.94 | 5,575,550,000 |
| Mar 04, 2020 | 3,045.75 | 3,130.97 | 3,034.38 | 3,130.12 | 3,130.12 | 5,035,480,000 |
| Mar 03, 2020 | 3,096.46 | 3,136.72 | 2,976.63 | 3,003.37 | 3,003.37 | 6,355,940,000 |
| Mar 02, 2020 | 2,974.28 | 3,090.96 | 2,945.19 | 3,090.23 | 3,090.23 | 6,376,400,000 |
| Feb 28, 2020 | 2,916.90 | 2,959.72 | 2,855.84 | 2,954.22 | 2,954.22 | 8,563,850,000 |
| Feb 27, 2020 | 3,062.54 | 3,097.07 | 2,977.39 | 2,978.76 | 2,978.76 | 7,058,840,000 |
Schwab, vanguard, fidelity ...
They'll all work. Look for low cost. We have money at my company, Vanguard (cheap index funds), and Schwab.
I have no positive things to say about Edward Jones or anybody who tries to sell you American Funds, AIM/Invesco Funds, or whole life insurance. The commissions on those are fucking huge. I was pissed that I just paid $49 for a Vanguard position yesterday, but I just happened to have that money at Schwab where it's not a free trade (vs others). It would have been free if the money was at Vanguard.
I suspect we ain't found the bottom yet... despite today's activity. Volume numbers you posted are very interesting...