Posted on 04/09/2020 2:17:15 PM PDT by yesthatjallen
The S&P 500 on Thursday closed out its best four-day streak since 1974, according to CNBC, with traders turning optimistic amid flattening coronavirus infection curves in some of the hardest-hit parts of the U.S.
The S&P gained 11.9 percent in the trade-shortened week, with markets closed tomorrow for Good Friday. The Dow Jones Industrial Average gained 12 percent for the week.
Financial markets jumped on Thursday following the announcement of new rescue efforts from the Federal Reserve and after signs of improvement in the slumping energy market.
The Dow Jones Industrial Average closed up 285 points, or 1.2 percent, while the S&P closed up 40 points, or 1.5 percent.
Markets surged in early trading after the Fed detailed its new $2.3 trillion lending program targeting small- and mid-size businesses.
Trading also gained on a reported deal between Russia and Saudi Arabia to cut oil production, which would raise the price of oil and take the pressure off U.S. energy producers.
SNIP
(Excerpt) Read more at thehill.com ...
Record market gains. Democrats and other entitled species hit hardest.
CNBC is passing out black arm bands.
It’s good to see.
Optimism breeds optimism, with generally good results downstream.
Two weeks ago was a really good time to throw in a chunk of change.
Be crying in there beer tonight.
One in particular took a little longer to hit bottom. I would've put in more. Timing, what are you going to do.
I don't need to be a hog, though. Good to have cash on hand.
Don’t kid yourself, the Dimocraps get inside information and knew when to hold em and when to toss em.
We didn’t stop economic activity. There were disruptions in supplies from China, and here, customer wariness of crowds and places generally known to have poor sanitation and hiring practices (e.g., restaurants).
There are some some people on FR that may want to switch stock brokers over the advice they gave them.
Yea buddy!
I had some $ on the sidelines that missed Trump’s first wave. I was a day late putting it back in the market. Made the move in the morning and had to settle for the end of day’s price (401k stuff). If it were immediate it would have been perfect. I don’t usually play this game but every decade or so. Hopefully it holds.
Next week earnings start coming out. Look out below. This will go back and test the lows.
There will be no guidance because no analyst is going to be able forecast anything with the worlds largest economies shut down.
Some of my neighbors work in manufacturing shops and others in residential utility repair. They’ve been busy all along. Drug addicts/alcoholics have kept to themselves more at home with time off from putting their fingers and whatever else in food for traveling customers in town.
Pigs get fed, hogs get slaughtered.
Here is what I posted on 03/12. My targets:
EPD - Enterprise $11.50 buy price.
XOM - EXXON - This is a big BUY right now. $39.50 buy price
TRGP - Targa - $10.5 buy price
PXD - Pioneer - $66.00 buy price.
CVX - Chevron - $79.00 buy price.
COP - Conoco - $31.00 buy price.
VLO - Valero - $52.00 buy price
HAL - Haliburton - $7.00 buy price
NBL - Nobel Energy - $6.00 buy price.
ET - Energy Transfer - $6.00 buy price.
OXY - Occidental Petrol. - $11.00 buy price.
APA - Apache - $7.50 buy price.
I hit Exxon at $30 and change. Also jumped in and out of MGM, Ford and GM. My average return at the end (04/07) when I got out of everything but NBL and it goes tomorrow. My overall was right at 30%. I’m waiting for the next big drop. I’m betting there will be more bounces. Watch the airlines other than JetBlue.
China will probably end up owning a large percentage of stocks in several companies. “Buy low, sell high, short when things get ‘tough/emotional’ and Communist China/enemies of the Republic will pick up the pieces”.
I think our economy is like a dam right now, just a trickle flowing down river, but up north it’s raining cats and dogs, the river banks are overflowing,and all of it heading toward the dam. The days and weeks before the get back to work day, all that water starts hitting the dam, and the day of get back to work, that dam breaks and rages flooding the economy, Christmas like spending, hiring, manufacturing, for months. Whenever that date is...the biggest quarter in American history. My hope and prayers. And my opinion.
Dow is up... Dow is down. For some reason, the close is never mentioned. It must be a secret.
Their? Is that like Your.
It’s amazing to me that only the events of the day are promoted.
Never any context.
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