no question stocks really flew shortly after trump's election, i think the day or two after. i remember it because in my friend circle we have a hardcore dem / trump hater and he sold all of his positions when the market went red. he said "we are screwed". we have been making fun of him ever since, telling him to remove emotion from it and make decisions with better judgement. the trump bump has been phenomenal.
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that could be, memories are a funny thing
on election night when the futures went limit down, that was the biggest move in 7 years, and it was totally the opposite of what should've happened (like you said)... and stuff was nutso across the board, gold was up $60 on tuesday night and then went right back down $60 on wednesday
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Don't forget - FED Policy Decision tomorrow at 2PM EST.
IMHO, those looking for the FED to go negative will be disappointed.Last edited by Iona; 04-28-20, 05:51 PM.Comment -
i don't think the market will recover very soonComment -
Well GDP dropped a little over the estimate for the first quarter and futures are up around 400 this morning. This rally is starting to get long in the tooth and everyday the market starts out with a initial push but by the close it peters out which is a bearish sign. Boeing already reported and they are getting rid of personnel which the market always likes so there will be a pop. That TESLA stock reports today as well, after the close I think, and right now I'm almost at the level of covering my short play with a 10-15% loss (ouch). So naturally today I predict Tesla stock rallys going into earnings and then when they present another loss of $0.50 a share, this now $800 stock will rally as if they blew out the numbers and probably go to $900 for no good reason other than why not.
I have notice that for the last couple of weeks that the bank stocks have not been participating in the rally which is showing that I am actually up on my short play which started a few weeks ago. Financials need to participate for the market to continue, so I see another bearish sign on the short term direction. Of course the Fed will be pumping up the market but watch out for a rapid change in the market direction the wall of worry is getting high in my opinion for the short term.Comment -
These FANG stocks are probably the only thing I see holding up the market at this point. Keep an eye on the Facebook, Amazon, Netflix, and Google (Alphabet) when they turn the market tanks again.Comment -
d2bets don't forget my 200 points!
wow that was easy, any time you want some more side bets let me knowComment -
penn national up to 18.40 (from 3.75), play up to 16.30 (from 4.61)
what a rip for some of these stocksComment -
Before the open tomorrow:
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Called this bull rally a few weeks back. Hope you listened.Comment -
wow hertz (htz) might declare bankruptcy
$12/share in book value, but when that's all goodwill and other intangible assets it's worthless
unlike companies like bbby, their $9/share in CASH is worth $9/share
time has a way of getting things back to where they belong... i still don't know how bbby got down to $3... they could've declared a $9/share dividend with the stock at 3, that would've been hilarious
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Cash out that pizza...Don't forget the anchoviesComment -
tech companies not disappointing.
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Yep, the below is from Microsoft's announcement:
"In the third quarter of fiscal year 2020, COVID-19 had minimal net impact on the total company revenue."
“We’ve seen two years’ worth of digital transformation in two months... we are working alongside customers every day to help them adapt and stay open for business in a world of remote everything”
Satya NadellaComment -
everything was pretty much open until March 18 so only about 12 days missing from Q1 numbers.
we will see in 3 mos what the Q2 numbers look like and perhaps that is when the FIT hits the SHAN but perhaps the market will consider it a "throw away quarter" and look to Q3 and the future.
i am betting on the latter. again, many of us have been saying for 3 weeks not that there is a shift in the mood. it is undeniable.Comment -
fb up 30 a shareComment -
what your gents favourite stock market fourm
I look at the street.comComment -
This big move it’s a major false move many many big companies are in big TroubleComment -
Good read
https://www.zerohedge.com/markets/get-pragmatic-bill-blain-warns-seriously-dark-dystopian-futureComment -
Party might be over? Time to unwind a bit?
Early May 2019 the S&P 500 was under 2800. Now it's over 2900?Comment -
nowhere else to go with cash is the biggest reason for this quick rebound imho
i'd still rather buy stocks with a 3%+ dividend than treasuries paying 0.6%
take the big boys out of the equation and a lot of stocks are still super cheap... if someone told me 3 months ago i could buy kss for 19 or bp for 24 i'd sign up! so why not buy them now?Comment -
Earnings after the close today:
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