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03-18-2020, 10:57 AM
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#1651
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Registered User
Join Date: Mar 2015
Location: Diez meses en Port St. Lucie, FL; two months in the Dominican Republic
Posts: 4,355
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Two weeks ago, I would have said no, but I'm thinking that the stock market should close for awhile.Every rumor is bringing the market down 4 to 10 percent.Since this market is being caused by a situation that is not under control yet, maybe it shold shut down until we get a better handle on it.
__________________
"But don't ask me what I think of you, I might not give the answer that you want me to. "
Fleetwood Mac, Oh Well, Part 1 (1969)
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03-18-2020, 10:59 AM
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#1652
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,757
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we are in the process of privatizing the profits and socializing the losses from our great company's that only fleeced us out of as much money as they could get their hands on, now its bailout time in dixieland!
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03-18-2020, 11:06 AM
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#1653
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,612
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Quote:
Originally Posted by barahona44
Two weeks ago, I would have said no, but I'm thinking that the stock market should close for awhile.Every rumor is bringing the market down 4 to 10 percent.Since this market is being caused by a situation that is not under control yet, maybe it shold shut down until we get a better handle on it.
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There's no reason to close the market while every other market around the world stays open.
This would send a terrible message. Even worse then the ones being sent now.
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03-18-2020, 01:02 PM
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#1654
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,612
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S&P now halted for 15min...hit the first limit down point of the day:
2352.14 -7%
next lock limit down is at 2200.39 -13%
Where's that funny image Alton posted about my call to get out the first time S&P closed below 2800?
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03-18-2020, 01:06 PM
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#1655
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,612
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VIX @ 79...wow
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03-18-2020, 01:07 PM
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#1656
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,757
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$22 gone for oil
there is a tiny bit of support around S+P 2150, that looks to me that it will crack easily now. Dow headed for 15,000.
dollar up like i've never seen, after this is over it will go to hell. that is the really scary part of this whole mess.
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03-18-2020, 01:08 PM
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#1657
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,612
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Never fails
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03-18-2020, 01:36 PM
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#1658
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,757
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all the positive S+P points during Trump are now gone, Obama points to follow.
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03-18-2020, 02:01 PM
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#1659
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,757
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$21 now gone for oil, soon to become a teenager.
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03-18-2020, 02:27 PM
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#1660
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,757
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dow 19,000 history
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03-18-2020, 08:12 PM
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#1661
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Registered User
Join Date: Jul 2003
Location: central fla.
Posts: 4,874
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Well I was right...just timing wrong...by a day... ....now what...wtf knows...but the short term future is bleak indeed...glad I abandoned ship moons ago...
__________________
got handed a lemon...make lemonade....add sugar or brown sugar or stevia or my personal favorite....miracle fruit....google it...thank me later...
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03-18-2020, 08:29 PM
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#1662
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Registered User
Join Date: May 2010
Posts: 5,005
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Still waiting for the capitulation with huge volume. When it comes, the explosion to the upside will be long and loud. Might be after the election.
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03-18-2020, 08:31 PM
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#1663
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,612
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Quote:
Originally Posted by Ocala Mike
When it comes, the explosion to the upside will be long and loud.
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What possible reason could there be for an explosion to the upside, long and loud?
The ramifications of what is going on right now are absolutely game changing.
You don't fix massive unemployment, business failures, more quantitative easing and huge gov't payouts anytime soon.
There will be no V bottom.
But there was a ^ top, that's for sure.
I predict a sideways market for years and years after this is all said and done.
They do happen...
Last edited by PaceAdvantage; 03-18-2020 at 08:34 PM.
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03-18-2020, 09:19 PM
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#1664
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Registered User
Join Date: Jan 2007
Posts: 1,133
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I'm going with Ocala Mike, but not, no where near election time.
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03-19-2020, 12:34 AM
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#1665
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Registered User
Join Date: May 2010
Posts: 5,005
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Quote:
Originally Posted by PaceAdvantage
What possible reason could there be for an explosion to the upside, long and loud?
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The development of effective treatments for the bug and a vaccine for it. America will be great again when we conquer this and get back to work.
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