ECON FUNG RED ALERT: DOW AND NAS PLUNGE - Friday 2/28 - DOW Hits -1,000 In Early Morning Trading

Hfcomms

Hfcomms

EN66iq
Dennis Olson said:
I find the hysteria on this thread over the stock market to be funny as hell. Y2K had the potential to be a true global supply chain ELE, but the stock market? Freakin spare me. I see many on this thread spinning themselves into a real emotional panic. You need to step back for awhile, breathe deeply, and let your pups (or kittehs).

Really. Calm the hell down.
Click to expand...

Calm as a cucumber Dennis and also deadly serious.
 
The Hammer

The Hammer

Has No Life - Lives on TB
-900 on heavy volume.

Even in 2008, we saw vigorous rallies in between some of the big drops. I wouldn't be surprised to see one of those soon. It won't mean the carnage is over, though - just increased volatility.
 
CaryC

CaryC

Has No Life - Lives on TB
Hfcomms said:
Calm as a cucumber Dennis and also deadly serious.
Click to expand...

Yeah same here. Don't use credit cards to pay bills. Do keep a little credit going just in case I'm off in TX and blow a tire, when needing the cash, for eating etc. So mostly on a cash basis here.

However, keeping track is serious, and a leading indicator as to the state of the Nations economy. Lay offs, people jumping out of windows comes later.

If you get any info on credit crunch Hfcomms please keep us informed, because cash flow be next.
 
NoMoreLibs

NoMoreLibs

Kill Commie's, Every Single One Of Them!
We reeealllyy need a STFU and get off the thread emoji or whatever.

What? Me Worry? One of those too.
 
Knight_Loring

Knight_Loring

Veteran Member
I just bought the S&P 500 using a leveraged ETF. Trade time 10:45. looking for a short term rip your face off rally possibly lasting til Friday afternoon.
 
The Hammer

The Hammer

Has No Life - Lives on TB
Knight_Loring said:
I just bought the S&P 500 using a leveraged ETF. Trade time 10:45. looking for a short term rip your face off rally possibly lasting til Friday afternoon.
Click to expand...
It'll be interesting how that trade pans out. Not bad reasoning - we seem to be due for one of those rallies, even if short-lived.
 
hiwall

hiwall

Has No Life - Lives on TB
Supposedly about 10% of US companies are zombie companies who need to borrow more money just to service their debt. If that statement is true, then wouldn't a severe market fall cause all of those companies to declare bankruptcy?
Who would keep pumping money into those companies at that point?
And as companies fail it obviously creates a cascade effect.
And what about all those pension funds? Interest is at all-time lows and the market is falling and likely will continue to fall for at least a little more time. Many or most pensions are under-funded already.
 
Hfcomms

Hfcomms

EN66iq
Man, the Dow is like a cardiac monitor the last few days. Real problem is the bond market but that is a different issue. Lots of calls today on the business channels for the Fed to juice. Pushing on a string though. Trump says everything is fine but if the Fed comes out with an emergency rate cut that could have the opposite effect of calming the markets so they are on a tightrope right now. Kind of damned if they do and damned if they don’t.

I imagine Trump has Munchkin calling the banks and plunge protection team big time. They have to get a handle on this by tomorrow at the latest and go on a massive buying spree. So much of the action is computer algo trading and computers don’t care. Hit the mark and they dump their sell programs and it feeds on itself.
 
20Gauge

20Gauge

TB Fanatic
CaryC said:
Yeah same here. Don't use credit cards to pay bills. Do keep a little credit going just in case I'm off in TX and blow a tire, when needing the cash, for eating etc. So mostly on a cash basis here.

However, keeping track is serious, and a leading indicator as to the state of the Nations economy. Lay offs, people jumping out of windows comes later.

If you get any info on credit crunch Hfcomms please keep us informed, because cash flow be next.
Click to expand...
If credit contracts, it will be a sudden thing that none of us will be able to do anything about.
 
colonel holman

colonel holman

Veteran Member
20Gauge said:
This aspect of owning stocks seems to pass most people by.....
Click to expand...
Done right, almost as safe as banks, if properly disciplined. If society goes to crap enough to kill the stockmarket, most everything else has shit-the-bed. Therefore, risks are relative.
 
20Gauge

20Gauge

TB Fanatic
hiwall said:
Supposedly about 10% of US companies are zombie companies who need to borrow more money just to service their debt. If that statement is true, then wouldn't a severe market fall cause all of those companies to declare bankruptcy?
Who would keep pumping money into those companies at that point?
And as companies fail it obviously creates a cascade effect.
And what about all those pension funds? Interest is at all-time lows and the market is falling and likely will continue to fall for at least a little more time. Many or most pensions are under-funded already.
Click to expand...

Based upon what I see in our business, I would say a lot more than 10% are zombies....Many can't even pay a simple bill and if they more than a 72 interruption in the flow of their revenue, they would be out of business before the week would be over.
 
20Gauge

20Gauge

TB Fanatic
colonel holman said:
Done right, almost as safe as banks, if properly disciplined. If society goes to crap enough to kill the stockmarket, most everything else has shit-the-bed. Therefore, risks are relative.
Click to expand...
I agree.

Yet people look at stocks as if they were actually cash in hand and if the market drops, they feel like someone has taken cash out of their pocket!
 
CaryC

CaryC

Has No Life - Lives on TB
20Gauge said:
If credit contracts, it will be a sudden thing that none of us will be able to do anything about.
Click to expand...

You're right. However knowing it's happening could be an indicator on what is coming next.

20Gauge said:
I agree with Dennis on this one. The stock market has had no relation to reality for at least the last 20 years.
Click to expand...

While what you say is true, in some aspects, you're totally wrong in others. A particular stock can have devastating consequences if it goes from 100 to 1. If the entire stock market crashes same effect.
 
20Gauge

20Gauge

TB Fanatic
CaryC said:
You're right. However knowing it's happening could be an indicator on what is coming next.



While what you say is true, in some aspects, you're totally wrong in others. A particular stock can have devastating consequences if it goes from 100 to 1. If the entire stock market crashes same effect.
Click to expand...
No argument....
 
D

Dozdoats

On TB every waking moment
The market can stay irrational longer than you can stay solvent.
Click to expand...

Bullshit.

Try it. You will learn. Many already have, many more will.


It was John Keynes, the influential British economist, who once said 'the market can stay irrational longer than you can stay solvent', and it's an observation that is equally true in the present day. So what does this phrase actually mean?/snip/

-- The Market Can Stay Irrational Longer Than You Can Stay Solvent
 
Red Baron

Red Baron

Paleo-Conservative
_______________
2:05 p.m. ET: Stocks relapse on news that California is monitoring thousands of potential cases

The Golden State, which on Wednesday reported the first “community spread” case, is now monitoring 8400 people for potential coronavirus infections, according to Governor Gavin Newsom. Stocks had pared the day’s losses, but are now falling back toward session lows.

more,

finance.yahoo.com

Dow Jones Industrial Average (^DJI) Charts, Data & News - Yahoo Finance

Find the latest information on Dow Jones Industrial Average (^DJI) including data, charts, related news and more from Yahoo Finance
finance.yahoo.com finance.yahoo.com
 
You must log in or register to reply here.
Top