The Dow stages nearly 800-point U-turn, a sharp reversal from its opening tumble

Market Watch ^ | 14 May 2020 | Mark DeCambre

[1Old Pro]

They watched Trump’s rally in Allentown today and were inspired. He will lead us out of this despite the Dems trying to crush the economy.

[DugwayDuke]

Jane Long wrote: “It’s me.....I did it. I resumed Amazon online ordering, after a hiatus, early this morning.”

Two things:
1st it was all over Fox Business this morning. Even Cavuto was talking about you.
2nd please let us know in advance before you do this again.

[Buckeye McFrog]

Trump went on Fox Business this morning and told Maria Bartromo that Tony Fauci is a nice guy, but I’m not agreeing with him right now.

THAT is what likely spurred the turnaround.

[RayChuang88]

This is the type of thing a LOT of stock traders just hate to no end. Remember that time in 2011 when the stock market in the space of a week when up and down 500 points per day (back when DJIA was at just over 10,000)? I said back then it felt like riding the big roller coasters at Cedar Point amusement park.

[Crucial]

I would say yes. But that’s just a gut feeling.

[Sam Gamgee]

Probably but a very deceptive one. Instead of going straight down it has convincing rallies here and there, sucking in more dumb money. At least that is what I hope so I can load up much lower from here. The rally has been too quick and too steep to be viable IMVHO.

[woodbutcher1963]

Day traders love consistent range bound trading markets.

Sell at the high, buy back at the low until it breaks out of the range/trendline.

Some actual stocks trade like that all the time. If you trade options on those stock you can lock in a consistent profit.

[lasereye]

It depends. What percent of your investments are in stocks and what kinds of stocks do you own (growth, value, income)?

[TexasGator]

“Someone REALLY big in the market moving it around. No real reason. It takes billions to move the market like it moved today. Not for us to know, I guess. “

Not someone; something! Program trading based on headlines.

[TexasGator]

https://www.bogleheads.org/forum/viewtopic.php?f=11&t=314921&newpost=5252057

[Jane Long]

please let us know in advance before you do this again.

= = =

Will do :-)

[MeneMeneTekelUpharsin]

Someone REALLY big in the market moving it around.

You got that right.

[MeneMeneTekelUpharsin]

This is the type of thing a LOT of stock traders just hate to no end.

I love it. Works for me.

[MeneMeneTekelUpharsin]

Probably but a very deceptive one. Instead of going straight down it has convincing rallies here and there, sucking in more dumb money. At least that is what I hope so I can load up much lower from here. The rally has been too quick and too steep to be viable IMVHO.

You are correct, more than you know.

[MeneMeneTekelUpharsin]

I resumed Amazon online ordering, after a hiatus, early this morning.

[MayflowerMadam]

Good thread. Actually, I buy a lot of Costco canned chicken. Versatile.

[TonyM]

Costco canned chicken from China.

[MayflowerMadam]

“Costco canned chicken from China.”

Yeah. We quit buying it a couple months ago when we saw that and are using up our last.

Also canned mushrooms — most are from China, so we only buy fresh now.

[rollo tomasi]

Earnings report were mostly in the negative of companies that were due to report today (Over a hundred). Other than that all I have are

[terart]

I pulled out mid March, set things on the sidelines. Kind of feeling stupid and maybe I am. Your personal opinion - would you hold out as a wait and see if it were you?