Stock Market Today: March 2nd - 6th, 2020

Discussion in 'Stock Market Today' started by Stockaholic, Feb 28, 2020.

  1. Ken34

    Ken34 2017 Stock Picking Contest Winner

    Joined:
    Apr 4, 2016
    Messages:
    1,039
    Likes Received:
    723
    Maaaan, AAL down that much in a month, like 45%? long term, maybe this might be a huge bargain.
     
    Three Eyes and stock1234 like this.
  2. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,584
    Likes Received:
    4,619
    Yeah the Chinese stocks were getting hammered when the US stocks were making the ATHs, so I guess the market is saying the worst probably is over for China.
     
  3. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,584
    Likes Received:
    4,619
    Now the regional airlines like SAVE, ALK, and JBLU joining the selloff since the virus seems to be spreading in the US now too :eek:
     
    Stockaholic and Ken34 like this.
  4. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,584
    Likes Received:
    4,619
    Up - Down - Up - Down so far this week, are we back to up tomorrow? :eek: :p
     
    Stockaholic and Ken34 like this.
  5. Ken34

    Ken34 2017 Stock Picking Contest Winner

    Joined:
    Apr 4, 2016
    Messages:
    1,039
    Likes Received:
    723
    i would think, considering we also held 3000. but who knows in this wonky market. i know lately fridays have suck, if tommorow sucks, ill do some nibbling.
     
  6. Stockaholic

    Stockaholic Content Manager

    Joined:
    Mar 29, 2016
    Messages:
    13,767
    Likes Received:
    7,050
    haha, this market never ceases to amaze :p

    i know 2008 was probably the craziest time for the market in recent history, but damn this 2020 sure is making a good run for it :p

    sure on a % basis the moves in the indices aren't nearly as large as it was in '08, but still is pretty breathtaking moves we're getting in the indices.

    what used to take the indices days or weeks, or even months to move, now only takes a day lol :p

    at some point we'll get back to normal market moves, but this has been one for the ages to remember.

    i don't think the 2011, 2015 or even the 2018 corrections were this large in terms of the daily moves in the indices at the very least.
     
    Three Eyes and stock1234 like this.
  7. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,584
    Likes Received:
    4,619
    Yeah has been crazy so far :eek: Many newer investors probably are surprised since they might be used to the market with mild volatility. Definitely hope this virus won't get worse but it seems to be pretty hard to contain. If the virus is spreading then probably not even the FED cutting rates to zero could save it o_O
     
    Three Eyes and Stockaholic like this.
  8. Three Eyes

    Three Eyes 2018 Stockaholics Contest Winner

    Joined:
    Dec 14, 2017
    Messages:
    485
    Likes Received:
    633
    I think volatility is the key here. Just watch that VIX to get a sense of whether we get any stabilization in equity prices.

    I do like LUV and DAL the best for the long run, and I'm a long term holder with a much lower basis than where we are now. But aside from a few options plays as a lark here, not ready to commit new $ just yet. o_O
     
    Ken34 and stock1234 like this.
  9. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    4,319
    Likes Received:
    3,375
    Maybe the market likes that China went mass quarantine/closure, shutting down the whole city.
     
    Ken34 likes this.
  10. Vdubman

    Vdubman Well-Known Member

    Joined:
    May 2, 2016
    Messages:
    385
    Likes Received:
    277
    I've made 20% This week. How do I lose it tomorrow ?
     
  11. Ken34

    Ken34 2017 Stock Picking Contest Winner

    Joined:
    Apr 4, 2016
    Messages:
    1,039
    Likes Received:
    723
    wow OPK up 40% now. going to the moon after hours lol.
    amd got a nice bounce after hours, they released to the public the info they held at their analyst day.
     
  12. Vdubman

    Vdubman Well-Known Member

    Joined:
    May 2, 2016
    Messages:
    385
    Likes Received:
    277
    ya I mentioned that yesterday on ST about their 20% increase. Then today it’s like hello they are actually doing CV stuff!
     
  13. Three Eyes

    Three Eyes 2018 Stockaholics Contest Winner

    Joined:
    Dec 14, 2017
    Messages:
    485
    Likes Received:
    633
    There's also the spring/summer festival companies that are gonna hurt if sporting events and concerts get cancelled: See LYV and EB.
     
    T0rm3nted likes this.
  14. Vdubman

    Vdubman Well-Known Member

    Joined:
    May 2, 2016
    Messages:
    385
    Likes Received:
    277
    SXSW and some vegas conventions canceled
     
    T0rm3nted likes this.
  15. Stockaholic

    Stockaholic Content Manager

    Joined:
    Mar 29, 2016
    Messages:
    13,767
    Likes Received:
    7,050
  16. Ken34

    Ken34 2017 Stock Picking Contest Winner

    Joined:
    Apr 4, 2016
    Messages:
    1,039
    Likes Received:
    723
    that 10 year...wow....we must be in the twilight zone
     
  17. T0rm3nted

    T0rm3nted Moderator
    Staff Member

    Joined:
    Apr 2, 2016
    Messages:
    8,448
    Likes Received:
    3,268
    Looks like more blood today
     
  18. Three Eyes

    Three Eyes 2018 Stockaholics Contest Winner

    Joined:
    Dec 14, 2017
    Messages:
    485
    Likes Received:
    633
    Barrel Oil prices fell nearly $3 overnight...bound suppress equities today. We'll see if market can shake it off by afternoon. So far 273,000 job growth not making much impact.
     
    stock1234 and OldFart like this.
  19. OldFart

    OldFart Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    1,959
    Likes Received:
    1,813
    Hard to gauge this market right now...trying to day trade this is almost impossible at the moment.
     
    Stockaholic likes this.
  20. T0rm3nted

    T0rm3nted Moderator
    Staff Member

    Joined:
    Apr 2, 2016
    Messages:
    8,448
    Likes Received:
    3,268
    Looks like today's LOD so far bounced and was at almost exactly the same price as Feb 28th's open price
     

Share This Page