would need to see a close over 2714 on the SPX today for the 11-year bull market to (dare i say it) stay intact. could it happen?
The FED meeting is next week? Guess they don’t have a choice but to cut rates again. At this point not sure if cutting rates would be good enough to stop the bleeding
Welcome to the forum For the stock market probably is overblown a little bit. It is no doubt a pretty big health crisis though, Italy and China wouldn’t have locked their cities/whole country down if it isn’t something serious
Hi all, new to this forum. Given the current carnage in Wall Street, are people turning to inverse FTEs to limit the damage or is it too late already?
Absolutely for some traders and investors, this crisis is overblown. And also for some traders and investors, this crisis is absolutely NOT overblown. It all depends on each individual's financial and life circumstances, as well as interpretation of 2 primary investing data points: price and volume. The objective stuff (like earnings, sales, GDPs, CPIs, employment) as well as the societal reactionary stuff (like shutdowns, gathering bans, marshall law, cancelling elections, civil unrest, or the decision to NOT do those things) all comes down the road and eventually helps all of us determine from a macro socioeconomic perspective whether anything was overblown. GLTA in deciding where you are on the "crisis overblown" continuum!
whelp, absent some groundbreaking news on the COVID-19 front into the close today, it's looking like we could very well be closing down at least another -5% on the DJ30. it has only done this in back-to-back fashion 6 other times in its history. twice in 1929, twice in 1932, once in 1933, and once back during the height of the GFC in 2008.
If you have a lot of long positions for equities then I guess you can own something like SH to hedge. I would wait for the market to bounce though to buy those inverse ETFs instead of today
Still a little bit over 1 hour to go but it would be a major surprise if it is not the start of the bear market for all major indexes after the close today
agreed unless of course we hear some news that they've found a vaccine for the covid-19 that would be quite the sight to see i wonder if there are any circuit breakers on the upside? cause i could easily see the market reversing +10% or more on that headline
https://www.macrotrends.net/2603/vix-volatility-index-historical-chart Looks like 80.86 was the highest if these data are accurate
Looks like still green for some of the positions that I got around December 2018 and January 2019, but at this rate they could become a loss at some point
