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Stock Market Today: August 17th - 21st, 2020

Discussion in 'Stock Market Today' started by bigbear0083, Aug 14, 2020.

  1. Vdubman

    Vdubman Well-Known Member

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    :cool2:“no country is safe from the covid-19 economic threat”
     
    stock1234 likes this.
  2. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    man ive never owned a stock this insane before lol. i usually miss these hyper momentum stocks cause im always late to the party, glad i got in this one and stuck with it months ago. TSLA and SQ have been amazing so far. but in the back of my mind i know the day will come when the momentum will stop, will be interesting to see how much the air gets deflated out the balloon.
     
    stock1234 likes this.
  3. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Even a country with JPow?
     
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  4. bigbear0083

    bigbear0083 Content Manager
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    Thank you @stock1234 I really appreciate you asking. Means a lot. Yes, really enjoying this downtime from the markets and the daily grind quite a bit actually. So much so that I’m not even actually really looking forward to returning back in the saddle next month lol. I’m starting to slowly get used to this and kinda liking it. It’s admittedly been a super nice break for a change for me from what I was used to for so long. It’s really been soooo refreshing haha.

    This past week was actually really the first time in a loooong time that I hadn’t even checked up on the markets for a whole week long. Yep, I didn’t event check the market from my phone or nothing. It was actually amazing too! :D

    I’m glad to see the market didn’t really do much of anything in the past few weeks. Seems I picked the right time to go AWOL haha. Woulda sucked if it happened while the market was crashing. :p

    I’m really looking forward to this fall though when I strongly feel that we’ll finally see some nice swings in both directions. Admittedly this market right now has been boring me the fuck out. It will be super nice to see some good ‘ole volatility in this market as we enter September and October. Which I’m still thinking will finally happen.

    I would personally be very shocked if we didn’t see some kind of meaningful pull before November. We will see. Might not last long though or even be that deep on a correction given QE-infinity and BTFD. :koolaid:

    But seriously, really hoping next month we’ll see a return to volatility. It’s been missed bigly. If I’m being wholeheartedly honest with you, I really hate the market right now. I’m not a big fan of this sideways rangebound shit. But hopefully that will change in the Fall.

    I’m actually secretly hoping the next correction will be as bad if not even worse than the March correction. But yeah the FED and brrrrrrrr won’t allow that to happen.

    Anyway, hope you guys been well. I should be back to some normalcy again by the start of next month. Have a great weekend @stock1234 and everyone else. :thumbsup:
     
    Ken34, stock1234 and T0rm3nted like this.
  5. Vdubman

    Vdubman Well-Known Member

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    Heh good one! :banana:
     
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  6. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Good to hear you are having good time Cy, also hope to see you more often on the forum in the fall :thumbsup:
     
    bigbear0083 likes this.
  7. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    finviz shows 67% of all stocks are down today. Can also see the heat map right now, with an hour left of regular trading.
    upload_2020-8-21_8-54-20.png

    Yet all 3 indices have been moving steadily up today
    [​IMG]
     
  8. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    stock1234 likes this.
  9. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Cloud and cyber security are weak today, most of those stocks are down. PDD down big after earnings :eek:
     
  10. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Pretty crazy for a 2 trillion market cap stock going up like this :eek:
     
  11. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Market close to HOD, just keep buying when we have the FED I guess :banana::booyah::p
     
    bigbear0083 likes this.
  12. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    I honestly wouldn't be surprised if I wake up on Monday morning and TSLA is up 100%.
    I'd just be like, meh it's not even a billion market cap yet.
    Of course we all know that won't happen, because TSLA needs to hold $2100 for the split to take it back to 420.
     

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