His upside levels are supposed to be resistance (I think).
Somewhere down the line, it’s gonna be a great time to pick up mid cap oil stocks with a solid balance sheet.
I have no idea what that means but I wanted to sound intelligent :)
“Goddammit, that’s *not* all! ‘Cause if one of those things gets down here then that *will* be all! And all this. This *bullshit* you think is so important..You can just kiss all of that goodbye!
Is charting better predictive value than tea leaves?
The bottom is where the leftist, elitist globalist billionaires decide to stop shorting and then they start buying back at all us little guy investors’ expense. This is a one off, driven by unnatural events...I.e., not done this before...so, predicting based on multiple ifs, is fool’s errand. I’m buying BA, OXY, GE at some point today.
Trying to equate past DOW performance with what is going on today is just about the most incoherent and disingenuous thing imaginable.
The circumstances behind this market sell off have nothing in common with those of the past and so the reversal will be based on different factors as well. The major reason for the sell off is the Virus and it’s expected hit on GDP. The markets look 6-9 months down the road in the pricing of equities, etc and right now they are seeing a slowing of the economy both here and around the world due to the Virus and not a change in the fundamentals.
What do you suppose would happen if an announcement was made today or tomorrow that an effective vaccine was found and will be available in 30 days? My guess is the markets immediately jump close to 3000 points within a day. I am using this as an example and not a prediction of a vaccine announcement.
I have been thru many market selloffs starting with the early 70’s and while they all are painful to experience those with patience and who take the long view will be fine. The panic prone investors will as usual get clobbered.
Just buy low, sell high. See? It’s easy!
My face mask stock that i bought yesterday is doing great premarket..but could get caught in liquidity crunch
I have been mostly staying out of this mess but watching to buy oil stocks
A lot of talk about December 2018 levels being the new low.
That seems unreasonably optimistic.
Look for a revisit of the high teens.
There simply cannot be that many sellers still left in the market. As I watch it get to -800 and back to -1900, I notice a pattern...these has got to be an orchestrated, $1B bet made and pre-programmed shorts going on so any rise, makes it back off. They believe this will be PDJT’s demise and we won’t vote for him. They are wrong. They will run out of money and cannot keep their shorting program up indefinitely. They just can’t.
Stocks meandering last year because of Trump and the China trade war. It looked to be over by Oct as my stock and others started to go up and up.
AMD from about $28 in Oct to about $59 in mid Feb or so then a big plunge... down and down. Now after hours $37.25
For a minor virus? A fraction of a fraction of the planets population affected. Maybe 100,000 people have symptoms in the USA with most of the deaths (17) in a retirement home.
It does not make any sense.