Posted on 03/24/2020 6:14:01 PM PDT by mdittmar
“Idiots.”
The fundamentals say it will be closer to 17,000 by the end of the week.
Under 15,000 by the end of next week.
bmk
“IMO, use these rallies to buy long-term out-of-the-money puts on the Dow and cash them in on the downdrafts. “
Only the Fed has that kind of money.
Everyone else is selling.
I agree.
I’m looking at metals, and faith is returning to them rather firmly
at the moment.
At $11.90 a few business days back, it’s now around $14.50
and building each day.
That IMO is a good indicator.
Confidence is subtly returning (again) > IMO.
If we look at around $17.50 to be the norm before the storm, we
are seeing an upward move that is shy of a 50% rebound, but not
by much.
Market Makers and Big Boy Traders. They con people in to buying as it spikes up while they are short selling and buy “Puts” with options.
S&P futures at -.53% at 9:35 pm. What are you looking at?
A good indicator for a rally, is when folks get the idea the market
can only move in one direction.
I’m no expert, but I don’t see $15,000 by the EOM.
People coming out of their homes in the face of COVID-19 are
in essence saying, screw you COVID-19.
They’ll invest.
So more intelligent and lives longer, then?
The DOW Futures here were showing down $156.00 a few minutes ago.
Currently: -26.00
https://money.cnn.com/data/afterhours/
percentage gain since 1933
This’ is why the rats Are going to kill the bill
"They" lead the herd many times into the wrong pasture..I get that.
I've been doing this for some time...it is hard at times...and easy at other times...
.
1933 was when the Dow finally reversed its downward trajectory after the Crash, I believe. It was still a rocky ride back up, though.
“The stock market is not going to hold up. This is a sucker play to pull more money into the market to take it from people. The Democrats with their scare-mongering have damaged the economy so severely, there’s not going to be a quick recovery. Idiots”
interesting. I just made $50,000 today by buying Royal Dutch Shell shares at give-away prices over the last few days, plus i’ll get a 17% dividend yield if Shell continues its 50 years of never reducing their dividends,which works out to another $45,000 each and every year indefinitely. Not to mention, Royal Dutch Shell is likely to double in the next year or so to get back to its pre-coronavirus price level.
Would you like to compare notes in a couple of weeks or months?
I don’t think it was the bail out package that drove the market today.
Instead, I think people are looking past the valley and anticipating the country going back to work fairly soon. President Trump has clearly been leaning in that direction for the past couple of days, stating that he would reassess after the initial 15-day period is up, which will be this weekend.
We might not be back to work on Monday, but it will be even clearer by then that it’s only a matter of a few more days and the market will be even higher by then. This is going to be a V-shaped recovery in the market, straight down and straight back up, although probably not to anywhere near the old highs because of the damage to the economy done by the virus and all the closings.
?!
What are you talking about? The price, per ounce, of gold, perhaps?
Gold wasn't mentioned here.
Regards,
The DJIA...
Might keep us out of a depression - any good news is good news...
Don't you understand my confusion? The DJIA is not measured in dollars - it's measured in points. You spoke of something (the DJIA) declining (or rising) by $150. That doesn't make sense.
Regards,
I somewhat agree with your take on it.
Those numbers are reported out as numbers, but they are actually
dollar values.
I can see how it was confusing, and I should report them out
as numbers.
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