I haven't seen that, who was making the S&P projection?True, but they're also projecting the S&P to be right back nearly where it started the freefall from by the end of the year. Classic V shape recovery.
I haven't seen that, who was making the S&P projection?True, but they're also projecting the S&P to be right back nearly where it started the freefall from by the end of the year. Classic V shape recovery.
I haven't seen that, who was making the S&P projection?
Hmmm, sure haven't seen anything, but that happens. Was that after yesterday's 24% GDP contraction estimate?I heard Stuart Varney say that’s what Goldman Sachs is still projecting
Mike Wilson just kidding!I haven't seen that, who was making the S&P projection?
Hmmm, sure haven't seen anything, but that happens. Was that after yesterday's 24% GDP contraction estimate?
Lol, that was funny. Really, you don't think that would be clearly in keeping with the October position attributed to him asMike Wilson just kidding!
Wonder how much of this is due to Nancy Pelosi announcing that the house is going to work on their own relief bill. Sad that Washington appears they don’t want to work together.Futures are crashing again. Hit stop limit a few minutes after opening. Dow down 950 currently.
Congrats 70 to you and your family. It’s a shame you will miss the ceremony.Thought it was 70boiler Jr. Did not realize it was your grandson! Congratulations to him and to your daughter as well
Thnx.Congrats 70 to you and your family. It’s a shame you will miss the ceremony.
I hope it will take place and you can at least enjoy a video of it.
Futures are crashing again. Hit stop limit a few minutes after opening. Dow down 950 currently.
And shortly after, I saw that the St. Louis Fed. President said he believes in the next few months it will reach 30% unemployment rates coupled with a 50% drop in GDP
100%Wonder how much of this is due to Nancy Pelosi announcing that the house is going to work on their own relief bill. Sad that Washington appears they don’t want to work together.
Futures trying to rebound this morning. Up slightly off the 950 point drop from Sunday night.Futures are crashing again. Hit stop limit a few minutes after opening. Dow down 950 currently.
And shortly after, I saw that the St. Louis Fed. President said he believes in the next few months it will reach 30% unemployment rates coupled with a 50% drop in GDP
Yes. Fed announced it would engage in significant purchase of Treasurys and mortgage securities as well as other assets to assist. Kudos.Futures trying to rebound this morning. Up slightly off the 950 point drop from Sunday night.
Most European markets open down sharply. Most making a slight rebound.
About ready to put a little cash into some stocks I own. Not 5 figure cash, a couple-3-4 hundred over the next 2-3 weeks. Have a couple regional banks that appear to be holding at a low. Have a couple water utilities that are up a little off lows.
Don’t own Kroger (KR), may look at adding that to my portfolio.
May want to look at AYTU, announced it will be releasing initial 100,000 Covid tests. Short turnaround on point of care testing.
EDIT - link to notice
Aytu BioScience Submits Notice of Commercialization to the FDA, Allowing for Company's Distribution of its 2-10 Minute COVID-19 IgG/IgM Point-of-Care Rapid Test
Are you looking at a quick buck on this or for a bit of a long haul? Check out Nvidia too.
After a conversation with my FA, and looking at numerous buy opportunities, I've decided to go with Nvidia, AMD, CVX (very undervalued and rail will be huge when the Virus is over), Novavax, and Microsoft. Oh, and Abbott too.I'm looking at a fairly quick turnover, but actually think it could have some long term success. Speaking of which it's at 2.14 after hours currently.
I've looked at Nvidia several times but it was never right...either it was looking mediocre or I was cash poor...lol... of course, that's all of our same story.
Edit - I am working on trying to improve at trading rather than investing, (although I abhor the idea of shorting so staying away from it) by utilizing a separate account as a trade vehicle. As such I am attempting to limit my falling in love with my choices as is my norm.
Edit - Sorry, meant to post in my original comment that it appears there may be a public offering coming that will obviously dilute.
Utilities are a good value. SO, WEC, DUK. Own all three.After a conversation with my FA, and looking at numerous buy opportunities, I've decided to go with Nvidia, AMD, CVX (very undervalued and rail will be huge when the Virus is over), Novavax, and Microsoft. Oh, and Abbott too.
For you fundamentals analysts -
You can be ‘practically stealing’ quality stocks now, according to Jefferies - MarketWatch
I have had a handful of AMD for a few months and it has been a decent hold. It had doubled in value and then during the recent bear market still has remained up about 1/3.After a conversation with my FA, and looking at numerous buy opportunities, I've decided to go with Nvidia, AMD, CVX (very undervalued and rail will be huge when the Virus is over), Novavax, and Microsoft. Oh, and Abbott too.
lmao.I call today's environment "Dartboard Investing". Put 20-60 names on a dartboard and you will hit a winner every time.
Only if Nancy gets out of the way.Futures hit their 5% up stop this morning. Maybe the Market can stay green today.
Futures hit their 5% up stop this morning. Maybe the Market can stay green today.
DOn't we all wish we'd gone cash.Today could be up 1000 on the Dow but tomorrow back down 1500. I think the unemployment and consumer spending number are still going to cause some shock and we have another 2000 pts to go down.
I think the bottom is somewhere around 17,000 but that's just a shot in the dark guess. Clearly, I'm trying to time the market (which I've always said was a bad idea and impossible to do consistently).
I'm at 65% cash and haven't started buying again yet. I think we need to start hearing more 'good' news before the market responds with any consistent, positive momentum.
I have a buddy who went all cash on Feb 1st. He couldn't have timed it any better, so I'll definitely be getting his thoughts on when he's getting back in.
I think the gains are going to larger overall than the dips.Before the end of the trading day, I might move all my mutual funds to cash to take advantage of today’s big pop. We seen a bunch of these thousand point rise/fall lately.
I just don’t think this is the start of the recovery. I think we need to see the infection rate/numbers start to fall, travel restrictions lifted, and businesses open their doors again. At that point, I think the markets start to take off again.
Depending when you added these, Novamax and CVX up big today. Novamax up 18%, CVX up 23%. Nice.After a conversation with my FA, and looking at numerous buy opportunities, I've decided to go with Nvidia, AMD, CVX (very undervalued and rail will be huge when the Virus is over), Novavax, and Microsoft. Oh, and Abbott too.
Didn't do Microsoft but put a lot more into Abbott and CVX. Also had second thoughts and added a couple of thousand to NovavaxDepending when you added these, Novamax and CVX up big today. Novamax up 18%, CVX up 23%. Nice.
My stocks did pretty good today. 10 up over 15% with 3 going up over 20%, 12 other up over 10%. Would like to see another day like this tomorrow.
I think the gains are going to larger overall than the dips.
That’s one heck of a lot of toilet paper.$2Trillion stimulus.
I was thinking about just how much money $1Trillion really is...
$1T in stacked $100 bills would look like -
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$2Trillion stimulus.
I was thinking about just how much money $1Trillion really is...
$1T in stacked $100 bills would look like -
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Another way to look at what $1 T amounts to in real terms is that assuming single bill currency thickness to be the normally asserted valuation of .0043", then the height of a single stack of new $100 bills would be -That’s one heck of a lot of toilet paper.
I certainly don't know where we are headed.Looks like you all are getting your back to back up days in the markets. Is it the real deal or the proverbial dead cat bounce? On a personal note, my 80/20 IRA I rolled into 11/18 is back into the green (even after figuring the salary I draw from it). Whoopee, get to stay retired
I certainly don't know where we are headed.
Covid-19 is such a controlling factor as to the economy that it seems impossible to make a guess with much certainty.
I have very grave concern that we are treating it far too cavalierly and may trend into the Italian-Spanish model, but understand that the huge expanses of our continent could very well counter that direction.
I am not terribly consoled when we hear that we need only be concerned that the mortality rate will be 1% or 2% of the afflicted. In a country of 330 million, if the affliction rate were limited to 10% of the population that would be 33 million and if mortality rates are limited to 1% that would be 330,000 deaths. I surely hope that we see nothing akin to those types of numbers. As much as I dislike the President, I am absolutely hopeful that his assertions of the circumstances not being dire are correct.
The economy will do what it does and imho that is almost completely dependent upon how Covid ultimately unfolds.
Ugh... I just don't really think that we can plan one way or the other, but I am not enthused about our situation.
Bone...I'm enjoying that three day pop on the new investments.I've pretty much been wrong about this whole coronvirus thing since day 1, so I probably should just keep my ideas to myself. LOL.
On the economy though, or more specifically, the market, despite the 15% pop the last few days, I still don't think it's bottomed out. The unemployment data is just starting to hit and the trickle down will be consumer spending.
I still believe we need to hear positive news about the spread/treatment, etc before people get comfortable again.
100% wrong you say?, could you give me a few picks? Just being a contrarianI've pretty much been wrong about this whole coronvirus thing since day 1, so I probably should just keep my ideas to myself. LOL.
On the economy though, or more specifically, the market, despite the 15% pop the last few days, I still don't think it's bottomed out. The unemployment data is just starting to hit and the trickle down will be consumer spending.
I still believe we need to hear positive news about the spread/treatment, etc before people get comfortable again.