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12-24-2018, 07:36 AM
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#1
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Registered User
Join Date: Mar 2017
Posts: 5,800
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Massacre on Wall Street going by the futures right now.
S&P Futures
2,399.00
-87.25(-3.51%)
Dow Futures
22,252.00
-745.00(-3.24%)
Nasdaq Futures
6,037.50
-287.75(-4.55%)
Russell 2000
1,292.09
-33.91(-2.56%)
Crude Oil
44.84
-1.04(-2.27%)
Gold
1,265.70
-2.20(-0.17%)
Silver
14.75
-0.12(-0.80%)
EUR/USD
1.1409
+0.0034(+0.2966%)
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12-24-2018, 08:33 AM
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#2
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Registered User
Join Date: Mar 2013
Posts: 5,414
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I’m asking because I don’t know. Aren’t those numbers still higher then when trump took office? I know oil is
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12-24-2018, 08:36 AM
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#3
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Registered User
Join Date: Mar 2017
Posts: 5,800
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Quote:
Originally Posted by chadk66
I’m asking because I don’t know. Aren’t those numbers still higher then when trump took office? I know oil is
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Not sure but they might not be. This is a friggin disaster unless you're a busted out horseplayer paying retail takeout like me. 
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12-24-2018, 08:51 AM
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#4
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Registered User
Join Date: Mar 2017
Posts: 5,800
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Stock up on lentils and pasta. A half an onion and a little garlic and olive oil and you can eat cheap for months.
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12-24-2018, 08:55 AM
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#5
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Librocubicularist
Join Date: Jun 2010
Location: Ohio
Posts: 10,466
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Quote:
Originally Posted by Andy Asaro
S&P Futures
2,399.00
-87.25(-3.51%)
Dow Futures
22,252.00
-745.00(-3.24%)
Nasdaq Futures
6,037.50
-287.75(-4.55%)
Russell 2000
1,292.09
-33.91(-2.56%)
Crude Oil
44.84
-1.04(-2.27%)
Gold
1,265.70
-2.20(-0.17%)
Silver
14.75
-0.12(-0.80%)
EUR/USD
1.1409
+0.0034(+0.2966%)
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Question. Isn't this good news for those who are buying? 
For those who bought long or sold short would not this be a windfall rather than a massacre?
__________________
Sapere aude
Last edited by Actor; 12-24-2018 at 08:58 AM.
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12-24-2018, 08:57 AM
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#6
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Registered User
Join Date: Mar 2017
Posts: 5,800
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Quote:
Originally Posted by Actor
Question. Isn't this good news for those who are buying? |
If you believe it's close to the bottom.
But, being successful in the market is knowing when to sell. Everyone is a genius on the way up.
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12-24-2018, 09:09 AM
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#7
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Librocubicularist
Join Date: Jun 2010
Location: Ohio
Posts: 10,466
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Quote:
Originally Posted by Andy Asaro
If you believe it's close to the bottom.
But, being successful in the market is knowing when to sell. Everyone is a genius on the way up.
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What's missing from your data is the date of the contract. January gold at $1000 is not the same as July gold at $1000.
__________________
Sapere aude
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12-24-2018, 09:13 AM
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#8
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Registered User
Join Date: Mar 2017
Posts: 5,800
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Quote:
Originally Posted by Actor
What's missing from your data is the date of the contract. January gold at $1000 is not the same as July gold at $1000.
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I'm not a data guy and there are much smarter people than myself on this board.
I have extremely limited exposure to this disaster and am glad for it.
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12-24-2018, 09:20 AM
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#9
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Registered User
Join Date: Feb 2014
Posts: 4,520
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Quote:
Originally Posted by chadk66
I’m asking because I don’t know. Aren’t those numbers still higher then when trump took office? I know oil is
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The russell is down below when Trump took office.
Allan
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12-24-2018, 09:22 AM
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#10
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Registered User
Join Date: Mar 2017
Posts: 5,800
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Hold on to your britches. Opens in 8 minutes.
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12-24-2018, 09:32 AM
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#11
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Registered User
Join Date: Feb 2014
Posts: 4,520
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Quote:
Originally Posted by Andy Asaro
Hold on to your britches. Opens in 8 minutes.
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DJIA Opens down over 100. Hopefully it will recover of the losses during the short trading day.
Allan
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12-24-2018, 09:36 AM
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#12
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Registered User
Join Date: Mar 2017
Posts: 5,800
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The only stock I have exposure to is WDFC and it kind of holds it's form when things get bad. But this bad? Everyone is gonna take a hit.
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12-24-2018, 09:38 AM
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#13
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Registered User
Join Date: Oct 2004
Posts: 14,036
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Mnuchin opened mouth and inserted foot on that liquidity gaffe...
Oops.
Best way to avoid bank runs is not talk about bank runs... 
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12-24-2018, 09:42 AM
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#14
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Veteran
Join Date: Mar 2009
Posts: 9,893
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Quote:
Originally Posted by elysiantraveller
Mnuchin opened mouth and inserted foot on that liquidity gaffe...
Oops.
Best way to avoid bank runs is not talk about bank runs... |
Are you questioning a Stable Genius hire? Stable Genius only hires the BEST.
In all seriousness, who is fired next - Mnuchin (empty suit - I don't care about his "storied" Wall St career) or Powell? Probably the former, as the rules on firing a Fed chair aren't black and white.
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12-24-2018, 09:51 AM
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#15
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Veteran
Join Date: Mar 2009
Posts: 9,893
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To be fair, the S&P 500 is up roughly 17% (including dividends) since the Stable Genius was elected (he should be given credit from election day forward, imo, as the market started anticipating the corporate tax cut right away). That's a little over 8%/yr. Hmm, very ordinary, especially for Donald J Trump.
Personally, I never understood why Trump thought it was a good idea* to place so much emphasis on the stock market, but we must follow his directions. Now he's weighed down by the market.
*besides his narcissism...yeah, he really cares about middle America.
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