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Stock Market Today: December 24th - 28th, 2018

Discussion in 'Stock Market Today' started by bigbear0083, Dec 21, 2018.

  1. OldFart

    OldFart Well-Known Member

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    Yeah, they should be even better. China's unemployment might go up though, since they're still acting like spoiled children with their economy. Time for them to grow up and act responsibly.

    We made their economy, we can destroy it just as fast.
     
  2. OldFart

    OldFart Well-Known Member

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  3. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Looks like we'll see what happens when Sell The Rip meets The Plunge Protection Team.
     
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  4. Steven_Burt

    Steven_Burt Well-Known Member

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    I imagine that volumes are way down this week. Monday could be very interesting.
     
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  5. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    All of the sudden the Santa Claus rally is back on track :p The daily movement is still huge, so I think the volatility isn't done yet and we will see more of it when the new year starts. Wouldn't be surprised to see us closing the year on higher note though after those relentless selling :p
     
  6. Steven_Burt

    Steven_Burt Well-Known Member

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    We could easily reverse here.
     
  7. internationalstocks

    internationalstocks Active Member

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    We definitely helped build their economy but we are not the only ones that made their economy. A lot of countries order products from China and their own local population which is about 4-5 time the population of the US also contributes a lot to the Chinese economy. You have all of Europe,Middle east and Asia which order products from China. We also benefit hugely from products we ordered from China by cutting cost which means higher profit margins and higher profit margins mean higher earnings numbers for companies listed on Wall Street. Higher number also helped lower unemployment numbers in America. I reckon that as much as we have helped them they have also helped us and perhaps even more. Can’t forget how much money in US Bonds and US Treasuries they buy every month as well. Over the years they have also bought a lot of commodities and planes from US as well.
     
    #67 internationalstocks, Dec 26, 2018
    Last edited: Dec 26, 2018
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  8. internationalstocks

    internationalstocks Active Member

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    We could but I reckon this could be the end of the month/year window dressing. I reckon that most likely the FED intervened today. When ever you see this much gains and they continue to go up that means FED is most likely behind it.
     
  9. internationalstocks

    internationalstocks Active Member

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    Quite possible.. Probably down after New Years I reckon
     
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  10. internationalstocks

    internationalstocks Active Member

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    Just saw that Trump flew to Iraq. One of those things when Trump goes abroad and markets climb
     
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  11. Steven_Burt

    Steven_Burt Well-Known Member

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    I imagine quite a bit of short covering/squeeze here as well.
     
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  12. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Are we going to get the DOW up 1K day :eek: :p
     
  13. bigbear0083

    bigbear0083 Content Manager
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    haha, i was just about to bring this up in here now.

    it's worth noting that the largest single day "point" gain in the history of the DJ30 was +965 back in oct. of 2008 if my memory serves correct. (i'm going off of this by memory though! so nothing is confirmed here. :p)

    i know for sure though that there has NEVER been a +1K up day (on a point basis) in the history of the DJ30 fwiw ;)

    let's see how this closes out :D
     
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  14. bigbear0083

    bigbear0083 Content Manager
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    of course back in 2008 the % gain was much higher than it is today :p
     
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  15. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    The DOW was up 1K briefly, let's see how it closes :D Looks like we are well on track to have the largest single day point gain in history, but like Cy said percentage wise it isn't as impressive as the one in 2008 :p
     
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  16. bigbear0083

    bigbear0083 Content Manager
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    and there it is ... even though the gain is much smaller on a percentage basis than it was in 2008, still amazing to see 4 digits up there :p

    [​IMG]
     
  17. bigbear0083

    bigbear0083 Content Manager
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    just out of curiosity here, is there ever such a thing as a "limit up" in the market? like can the markets halt if it goes up too much? :p

    we know we have limits on the downside :p
     
  18. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Haven't heard about "limit up", my guess is that it doesn't exist :p
     
  19. bigbear0083

    bigbear0083 Content Manager
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    and there's the close ... new record here :p

    largest DJ30 point gain in history today :D
     
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  20. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Man this December is something :eek:
     
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