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Stock Market Today: March 16th - 20th, 2020

Discussion in 'Stock Market Today' started by bigbear0083, Mar 13, 2020.

  1. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    darden(olive garden), CCL, UBER, LYFT all been halted, darden multiple times, what is going on today, crazy volume in some battered down names
     
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  2. T0rm3nted

    T0rm3nted Moderator
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    I don't think we're anywhere near a bottom yet to be honest
     
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  3. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    now SQ halted.....wtf is going on lol. either way, TSLA up 15%, tempted to take my profits and run, but i did by it for long term, so even if it goes back down ill hold.
     
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  4. OldFart

    OldFart Well-Known Member

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    So China hit 60,000 + cases before they stopped counting.
    We're under 10,000

    Wall street:
    panic2.jpg
     
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  5. Three Eyes

    Three Eyes 2018 Stockaholics Contest Winner

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    Earnings today, they withdrew 2020 guidance and suspended divy. The new normal for markets.
     
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  6. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    thanks for the info. thats a nice up move for suspending the divy. i expect many more companies to do the same to start saving cash.
     
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  7. bigbear0083

    bigbear0083 Content Manager
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    yep you were correct.

    def was one of the lagest week over week increases we have seen on record. it was the largest jump since the aftermath of Superstorm Sandy back in 2012.

    [​IMG]
     
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  8. bigbear0083

    bigbear0083 Content Manager
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    i forgot to make mention of this yesterday, but that drawdown we've seen in the small cap index off the ATH actually happens to be the 3rd largest on record :eek:

    [​IMG]
     
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  9. bigbear0083

    bigbear0083 Content Manager
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    ^ this 100% agreed

    however, that isn't to say that we can't see epic bear market rallies (*cough* sucker's rally *cough*) :p

    saw that a lot back during the GFC correction. the rallies were ferocious, but ultimately didn't change the overall trend from down.

    btw, while i'm at here, @T0rm3nted and others, would be cool to get some votes/input on this poll i had setup from the other day.
    curious to hear the overall market sentiment from the stockaholics community here, and where everyone thinks things will ultimately find a true bottom when all is said and done on this bear market.
     
    OldFart likes this.
  10. kyleh2k20

    kyleh2k20 New Member

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    @bigbear0083 good info as always.

     
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  11. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    oil up 20%
     
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  12. Vdubman

    Vdubman Active Member

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    Bought some UWT premarket this am $.235.

    slowly trying to claw my way back up. Sold at $.28

    playing with fire
     
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  13. Vdubman

    Vdubman Active Member

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    People are promoting food stocks because they are ann delivery. It’s like people honestly believe these companies won’t be anal raped on earnings when 100% of their sales need to come from take out or “free” delivery because closures
     
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  14. bigbear0083

    bigbear0083 Content Manager
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    today's range in the indices thus far seems strangely familiar :p

    those daily quad digit moves were becoming customary :p
     
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  15. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Yeah those restaurant stocks on a tear today :eek: PZZA up like 34%
     
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  16. StockJock-e

    StockJock-e Brew Master
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    Nice bear market bounce here, go PZZA! :D
     
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  17. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Still some pretty wild intraday swing for the market, but for the closing prices looks like we are heading to the smallest daily changes for awhile :p
     
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  18. OldFart

    OldFart Well-Known Member

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    LMAO...that's exactly what I've been thinking as well
     
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  19. bigbear0083

    bigbear0083 Content Manager
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    while we didn't get the full 100% retracement back from yesterday's selloff, still turns out that this was the largest one-day +% move up in history. which of course was on the heels of yesterday's 3rd worst -% decline ever in history (with the 2nd worst being just last monday! lol). needless to say it's been a pretty wild ride for the crude this month :p

    [​IMG]
     
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  20. bigbear0083

    bigbear0083 Content Manager
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    hah, i nearly forgot to make mention of this in here, that today marks the 1-month anniv. of the SPX printing its ATH. :p

    i just stumbled across this chart in my afternoon reads and just thought it was worth a quick share in here.

    here is a look at the current correction vs. all the other major selloffs since 1928. i know i've mentioned this about an umpteenth amount of times on here, but it's interesting how this current bear market/correction/selloff beats all the others in terms of its speed. literally only took 20 trading days which imo is pretty flipping insane.

    i was just discussing this with my old man earlier this morning, how wouldn't it be just as crazy if we saw a "slingshot" move in the opposite direction as i believe @Venom08 had mentioned in a post earlier this week. actually would not surprise me in the least given just how insane this move has been.

    i know, i know, i'm probably being way too optimistic about that given the current global situation and here at home. i guess good for interesting discussions at the family dinner tables though :p

    [​IMG]
     
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