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Stock Market Watch |OT| I've stocked up on market watches, what now?
- Thread starter Mr.Awesome
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Daily volume on SPY was the lowest since March 6th.
It's quite something that it's only down 18.5% YTD, despite the country being shut down, new claims 3.3M and probably millions more reporting soon, and GDP forecasts what they are.
It's quite something that it's only down 18.5% YTD, despite the country being shut down, new claims 3.3M and probably millions more reporting soon, and GDP forecasts what they are.
https://nypost.com/2020/03/26/most-photographed-wall-street-trader-peter-tuchman-has-coronavirus/
Unfortunately I don't have a non-Post source.
None of this is passing a simple gut check. Fucking none of it.
Why does it feel like the only reason they downgraded before was because a black man was in charge?
I honestly have no idea about any of this but it just seems so shady.
Market hasn't dealt in reality since they where bailed out. Signaling they are more important than human cost and lives since the great recession and that they are too big to fail has created an alternate universe where there is no consequence they can't be helped out of by the FED and the government and to hell with actual lives. Its an algorithm bubble.
What, you're saying you don't want to gamble with your life savings while the market jumps around like an overcrowded wave pool?
My exact thoughts too. How can unemployment rise like this and the markets rise like this
Liquidity makes the markets go up. It's artificial and irrational, but it's what the market is.
So are you saying 160 billion is going in between now and the end of March, or is it all going in on Tuesday?
The way this market is the vaccine could be found tomorrow and we'd see a dip lol
That would be pretty logical, this market feeds on deaths and unemployment now.
I have no idea. But he said that with this knowledge equities may run up these next two days since I think the $160 billion is coming out of bonds into stocks. Again I have no idea I just listened to what he was saying.
I'm expecting April 3rd to be when shit hits the fan with this.
You have the president saying it will.
Most people are stupid. In the coming week, expect another record drop once the news continues to escalate. When people become fearful of buying their groceries, unemployment numbers continue to get far worse and cities continue to get shutdown, eventually the delusion will subside and reality will kick in that this is fundamentally changing our existence for the next 3-6 months at a minimum.
I mentioned this here a couple of days ago. It's presumably been going on this week too.
I agree the market is irrational...and at some point there will be another panic as reality sets with these unemployment numbers
You've got to figure reality sets in when companies start posting their earnings for the quarter.
But then I thought it'd set in with the unemployment numbers today, so what do I know.
But then I thought it'd set in with the unemployment numbers today, so what do I know.
Unemployment numbers were the worst kept secret and whisper numbers were at about 3.4 million so today's number wasn't a surprise. Market will move at times on what is considered "not bad" news (versus expectations). Unemployment number would fall into this camp. Plus unemployment is seen as a lagging indicator, since the market expects most of the people who applied will be working again in a month or two.
The stock market over shoots to the downside and to the upside consistently. Until the volitility index calms down the market will make wild swings in both directions. The VIX is implying moves of around 3 to 5 percent each day right now. Market can go down as quick as it came up. Likely quicker as the saying is escalator up and elevator down. But right now the market is running on an elevator going at 100 mph.
IDK, April 1 sounds better. Imagine the headlines around an April Fool's Day crash. Pure speculation lol;)
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