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03-12-2020, 10:05 PM
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#1546
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Buckle Up
Join Date: Apr 2014
Posts: 10,614
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I have a couple of things that need verification, and when I get them I will post my findings here....It's what you're thinking...Hanks is a clever guy.
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03-12-2020, 10:51 PM
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#1547
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,630
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Can't be that clever if I came up with it on my own...LOL
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03-13-2020, 12:45 AM
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#1548
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,630
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Here we go....S&P futures up 100 points since midnight...
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03-13-2020, 01:18 AM
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#1549
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,630
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Just ripping up since midnight...now up 160 points on the S&P in the last hour and 20 minutes....that's about 1500-1600 DOW points...have fun
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03-13-2020, 02:10 AM
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#1550
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,760
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as we look at the futures pointing up this morning, it looks to me like its going to head to another brutal day down at the casino on wall street.
on a fundamental basis i am trying to compare this rout to the great depression. the main difference that i see is that back in 1929 cash had a value to purchase things, while the equities were going to hell. today both currency and companies are going down for the count at the same time. my guess at the end of this mess is the company's that will remain standing with have more value that paper currency.
the thing that really worries me is state, local and federal governments have commitments to retiree/s to pay them back their pensions and social security and they won't have the money to pay them. so they are going to print it up at a lesser and lesser value.
gold sold off big yesterday, but don't mistake that with stocks free falling. gold will buy you things you need going forward while cash will be utter trash.
our streets are going to look like jungles coming right at you.
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03-13-2020, 08:08 AM
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#1551
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Veteran
Join Date: Sep 2003
Location: NEW YORK CITY
Posts: 3,670
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Here in New York.....jobs are starting to mandate "work from home"
With sporting events, concerts, and every other gathering falling by the way side ....a lot of businesses are going to hurt or fall too
What a shit show this is going to be...
P.S.- Speaking about shit...whats with all the toilet paper being bought up...
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03-13-2020, 08:10 AM
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#1552
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Veteran
Join Date: Sep 2003
Location: NEW YORK CITY
Posts: 3,670
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lets send China a BIG Thank You....
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03-13-2020, 08:47 AM
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#1553
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Registered User
Join Date: May 2010
Posts: 5,005
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Futures are limit up. Make sure you're strapped in and try not to puke!
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03-13-2020, 09:14 AM
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#1554
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,630
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Yeah, S&P futures started rallying off their lows almost exactly at midnight....went up an impressive 200 points until locked...
Sad thing is, that only puts us within 60 points of yesterday's regular session high... 
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03-13-2020, 11:45 AM
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#1555
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,760
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deadcat bounce just about over with today. better area for a serious bounce will be around S+P 2000.
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03-13-2020, 04:07 PM
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#1556
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,630
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Quote:
Originally Posted by lamboguy
deadcat bounce just about over with today. better area for a serious bounce will be around S+P 2000.
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lulz
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03-13-2020, 04:59 PM
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#1557
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Registered User
Join Date: May 2010
Posts: 5,005
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Trump/Pence rally. DC finally getting its shit together (but of course, le grand orange had to get his licks in on political foes).
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03-13-2020, 08:56 PM
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#1558
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Registered User
Join Date: Jul 2003
Location: central fla.
Posts: 4,874
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Quote:
Originally Posted by PaceAdvantage
lulz
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i'll disagree with you and agree with Lambo...
State of Florida just closed all their schools til end of march...this shit is stupid crazy...so it's going AROUND nationwide....AND it's going to HURT MANY people....there's going to be further carnage..
Just look at JR posted about his restaurant in the CV thread....a small sample of the tip of the iceberg...
the media is just..totally SICK ....
__________________
got handed a lemon...make lemonade....add sugar or brown sugar or stevia or my personal favorite....miracle fruit....google it...thank me later...
Last edited by sammy the sage; 03-13-2020 at 09:08 PM.
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03-13-2020, 09:59 PM
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#1559
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Buckle Up
Join Date: Apr 2014
Posts: 10,614
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A "replay" of what I posted Monday evening.
Quote:
Originally Posted by ReplayRandall
Nov 27, 2017 Dow closes at 24,231.59.....Closes today at 23,851.
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Quote:
Originally Posted by ReplayRandall
Aug 20, 2018 Nasdaq closes the week at 7945.....Closes today at 7950...
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Quote:
Originally Posted by ReplayRandall
Jan 1, 2018 S&P 500 closes the week at 2743.....Closes today at 2746...All action since then was merely propped up mirage BS by the FED....Let's see where the market closes this Friday...
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Here's the close on Friday...
DOW
23,185.62
▲ 1,985.00 (9.36%)
NASDAQ
7,874.88
▲ 673.07 (9.35%)
S&P 500
2,711.02
▲ 230.38 (9.29%)
So the Markets were only a little down, for the week, from the Massacre Monday..
The DOW lost -666
The NASDAQ lost -76
The S&P lost -35
Next week will be the true barometer of where the Corona nonsense will take us.....IMO, I think the DOW will fall under 20,000 if the virus escalates, and then we'll see real panic. It's all about the containment of the virus, as the Media talks about nothing else.
Last edited by ReplayRandall; 03-13-2020 at 10:11 PM.
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03-13-2020, 10:05 PM
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#1560
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Veteran
Join Date: Sep 2003
Location: NEW YORK CITY
Posts: 3,670
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Quote:
Originally Posted by ReplayRandall
A "replay" of what I posted Monday evening.
Here's the close on Friday...
DOW
23,185.62
▲ 1,985.00 (9.36%)
NASDAQ
7,874.88
▲ 673.07 (9.35%)
S&P 500
2,711.02
▲ 230.38 (9.29%)
So the Markets were only a little down, for the week, from the Massacre Monday..
The DOW lost -666
The NASDAQ lost -76
The S&P lost -35
Next week will be the true barometer of where the Corona nonsense will take us.....IMO, I think the DOW will fall under 20,000 if the virus escalates, and then we'll see real panic. It's all about the containment of the virus, as the Media talks about nothing else.
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My diversified 401k lost 9% for the week....not a"little" down
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