Stock Market Today: March 9th - 13th, 2020

Discussion in 'Stock Market Today' started by Stockaholic, Mar 6, 2020.

  1. Stockaholic

    Stockaholic Content Manager

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    hmm, so the DJ30 closed down -9.99% today...i was just thinking something here. what if you turned that # upside down, what do you get?

    now let's go back 11 years to the GFC bear market intraday low in march 2009. what was that number? do you guys remember?

    don't draw any conclusions from my post here not suggesting anything...it's all meaningless lol :p

    just some random thoughts in here on this otherwise historic day on wall st. today. :p
     
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  2. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Did the market bottom in March 11th 2009 by the way during the financial crisis? The DOW actually started the bear market on March 11th 2020 :eek:
     
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  3. Stockaholic

    Stockaholic Content Manager

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    correctamundo.

    it's kinda eerie to me how both of these happening almost at the same time to the day 11 years ago :p

    march is now infamous for starting bull and now bear markets, or if you want to look at it this way, for ending bull and bear markets :p
     
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  4. Stockaholic

    Stockaholic Content Manager

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    whoops, just reread what you posted.

    actually it was on march 6th (intraday) and march 9th (closing) in 2009.

    my -9.99% remark was a little weird, but i guess i was trying to imply that maybe something could be in the works as far a reversal (at least short term). we'll see haha. :D
     
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  5. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Haha thanks Cy. Somehow I thought it was March 11th, my bad :p
     
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  6. OldFart

    OldFart Well-Known Member

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    there’s Syynik.... I knew a bear market would bring you out of hiding!.... lol
     
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  7. Stockaholic

    Stockaholic Content Manager

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    i wonder if someone will take the reins and start up a youtube channel and upload the videos from these past few weeks haha. :D

    unfortunately that won't be me this time around though (thanks youtube.... :confused:).
     
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  8. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    LOL will see, if I find them then I share them here :D
     
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  9. Vdubman

    Vdubman Well-Known Member

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    ‍♂️‍♂️‍♂️‍♂️‍♂️‍♂️‍♂️‍♂️ All the dudes with safety helmets on on Wall Street this week
     
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  10. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    Anybody seeing SPY close of 255.24? Did it really close up there b/c futures are down to like 147.02?
     
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  11. Stockaholic

    Stockaholic Content Manager

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    147?! o_O

    nah i got 248.11 on today’s closing print for spy.

    spy currently 246.25 in the extended hours.
     
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  12. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    woah what is going on with bitcoin and gold miners? JNUG down like 102% and bitcoin down 40%
     
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  13. StockJock-e

    StockJock-e Brew Master
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    Holy shit, you are right!

    BTC slaughtered!

    [​IMG]
     
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  14. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    LOL - fat finger. Man if it was 147 - whew!
     
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  15. Stockaholic

    Stockaholic Content Manager

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  16. Stockaholic

    Stockaholic Content Manager

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    hah! turns out there is such a thing called lock limit up in the futures.

    looks like the /es has halted at that +5% threshold this morning, it cannot trade any higher than +5% evidently :p

    now im really wondering if there's also a level 1 circuit breaker for the cash market session lol

    i think not but honestly not 100% sure on that :p
     
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  17. Vdubman

    Vdubman Well-Known Member

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    Never knew there was an up circuit. Too bad the stuff I had that was wrecked yesterday wasn’t up 5% today. scope out OPK though

    also Disney world closed today!!! That is going to wreck their recovery.
     
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  18. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    wow, that is crazy 5% up limit. I'm wondering how much of yesterday was margin calls.

    IB took away cash market margin reduction and even upped their futures margins. MES normally has a 1,165 margin requirement and they are currently sitting at 1,935ish overnight and cash market.
     
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  19. rando

    rando Active Member

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    Analogue is tracking amazingly well.
    [​IMG]
    [​IMG]
     
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  20. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    CCL halted, lol, this must be a trader stock in this environment. it sees some crazy swings daily.
     
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