But what is particularly interesting about today is that even though even gold stocks (IAU, GLD, GOLD) are getting slammed as well, albeit at less than the market as a whole, there are some solid gainers, namely:
- Bear funds. My favorites two are YANG and SQQQ, bought on the recovery yesterday with sell orders in today. Of course, everybody expected that. But here are some defying expectations.
- Wal-Mart (WMT) + 4%, Kroger (KO) +7% and even the pricey hippie Village Markets (VGEA) +1%. What all these food retailers have in common is a well-established drive-in and pick-up your groceries ordered on-line system. The only person you will come in contact with is a young person loading your car and handing you your receipt wearing plastic gloves. My daughter, who is managing this department for a Kroger affiliate in another state is working double shifts because they can't find enough help. She originally took the job because the total pay and benefit package (including a 5 minute drive from home) was better than a professional job she was working with her college degree which was a 40 minute commute.
- Bond funds (SCHP is my favorite) are beginning to edge up.
- Cell phone providers (VZ) is up slightly.
- Even my number one holding Portland Electic (POR) has edged up. It is mostly hydroelectric located near the epicenter of the Covid-19 outbreak indicating (hopefully) that the selling insanity may be nearing an end.
- Health care stockes which minimize human contract such as OSUR (+8%), OMI (+3.5%) and my personal favorite TDOC (+7.5%) are all up on this otherwise very crappy market day.
This does not indicate we are at the end of this very awful market slide, but perhaps we are at the beginning of the end.
To: Vigilanteman
I would think amazon would be doing rally well.
2 posted on
03/18/2020 7:48:30 AM PDT by
cuban leaf
(The political war playing out in every country now: Globalists vs Nationalists)
To: Vigilanteman
3 posted on
03/18/2020 7:52:03 AM PDT by
Magnum44
(My comprehensive terrorism plan: Hunt them down and kill them.)
To: Vigilanteman
The much-anticipated market Bottom will appear when the Dow Jones closes at 18, 340. That was the closing on Election Day 2016. That will mean that all of the markets gain from President Trumps term will have been erased, and Sleepy Joe can read that good news to his Democrat supporters.
Rigged? Well see.
4 posted on
03/18/2020 7:56:32 AM PDT by
txrefugee
To: Vigilanteman
Curious why you own so much POR?
Their yield is much lower than DUK & SO.
I’m hammering myself for not buying NEE about 2 years ago.
I think we’re going to see another 5,000 - 8,000 point loss over the next few weeks.
6 posted on
03/18/2020 7:58:37 AM PDT by
Roman_War_Criminal
(Like Enoch, Noah, & Lot, the True Church will soon be removed & then destruction comes forth.)
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