Safe haven sectors getting hit pretty hard today, utilities, staples and real estates all down almost 3% Gold seems to be moving up or down in the same direction with equities today, usually it isn’t the case
Profit taking in the coronavirus stocks. ZM, TDOC, APT, and LAKE, etc are all down SMH green for the day, the semi got hit really hard during the sell off
haha, thanks, albeit that did not last very long ... looks like things are rolling back over again definitely unprecedented times we are living in right now i know the 2008 crash was up there as one of the worst ever on record for the market, but i honestly don't know if this is the fastest and largest pullback on both a pure point and percentage basis for the major indices on record. i am very interested to know if it is. i mean, we were just at ATHs last week! crazy i tell you
don't know where this goes from here... but i will stick to what i was saying from earlier this morning, that at some point we're just gonna have to bounce on a purely TA basis...just how oversold can you get in such a short amount of time? down -13% in a week? i mean, that's a lot just for an individual stock, but we're talking about the market as a whole here! can't remember having a week quite like this outside of maybe 2008
10 year yields flirting with that 1%-handle all day ... was wondering if we'd see a sub 1% print today meanwhile, vix back to flirting with levels not seen since the 2015 china yuan devaluation correction.
they're def getting better at creating market panic than: Greece default China / US trade war and all the other BS stories they push
This morning didn't look like a bottom yet. The intraday bounce looked somewhat promising at first but it didn't last that long. The selling pressure seems to be dying down a little bit but I guess it is normal for the bears not to get too aggressive ahead of the weekend after such a nice week Futures on Sunday evening will be interesting to watch
ZH talking about possible Fed intervention, their idea is money is basically free already, how is an emergency cut of 0.25 or 0.5 going to stimulate things in the face of this viral headwind? Stay safe Don't risk money you can't lose (hell I'm not risking money I can lose) None of us has seen anything like this. The 2008 crash got me into the market. This is keeping me OUT of it. Someone look at this chart's last two candles (SPY monthly) and let me know one good reason to get long here.Seven months engulfed.
Nice bounce into the close, but probably some short covering rather than people all of the sudden decided to buy before the closing bell
