Posted on 03/02/2020 1:20:11 PM PST by Conserv
The Dow Jones Industrial Average rose over 1,294 points or 5 percent in what is the biggest point gain ever. Ditto for the S&P 500 and Nasdaq from a point gain of 136 and 384 points respectively.
You can’t take a lose unless you sell.
the libs trolling here trying to drum up panic and starting to lose it now that its become apparent that this whole thing is a giant nothing burger.
No concern troll here, just a realist observer of markets.
Two of the biggest one-day point gains in history in 2008 were followed by a 30% decline over the next several months, until the bottom was finally reached in March of 2009.
The next few weeks will tell the real story as the full impact of the virus is known.
Chuck Todd just had an aneurysm.
....
I hope so after the way he treated VP Pence yesterday.
Agree. The markets are still processing the meaning of this virus on corporate earnings, the influence on supply lines, etc.
It is discounting those things back to today to put a value on companies.
But it remains a news-driven market and will likely be volatile for a while.
Bah! Dead cat bounce!
I am reminded of the swings in the market in 2008. Up a bunch, down a bunch. It was like being in a hurricane.
The market is “Sky net” these days. There are few real fingers pushing buttons.
Agreed. When/if we encounter a “real” crisis, I expect to see the majority of U.S.adults curling up in fetal positions on the floor, whimpering and crying. Mentally locked up like a classic “blue screen” Windows PC.
Clearly they did.
Promptly to be ignored by the MSM.
I hope you did what I suggested you do on this, like a week ago.
Remember?
More importantly, how many more worried about their losses, and only recouped some, if not all, of their losses?
The second category are the ones I was referencing. 8>)
You are always concerned about something...........
I've about 1/4 of funds invested at the moment...Nearly had 95% invested a couple months ago.
Bot a couple things today..and took profits on a hold.
Tomorrow's another day....We shall see!!
I’ve long suspected that when newspaper/network recruiters visit journalism schools, they ask the group, “who here can reconcile their checkbook?” Obviously, only 1 in 20 J-students can perform that task, so the recruiter tells that one that they may have an opening on their business page, or business news division.
Been out of the market for over 10 years now.
Have been ranching more permanent gains.
I know.
It’s concerning.
Carnival stock still trading at 33 with a dividend yield of about 6% plus the potential for another 7% in discounts.
Concern trolls on suicide watch?
Sounds like you know how to play the market effectively. In the long run the market has always been a winner in the long haul. 8>)
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