Pennsylvania governor closing all non essential business down effective tonight. RIP markets tomorrow. Looks like a day number 7
Just talked to a friend in California. The CNBC “breaking news” about the LA mayor shutting down LA is a couple days old. In other words, CNBC is going for “shock” content trying to manipulate the markets.
I have been lurking on here for the past few days. I wanna buy some stocks but after reading like 100 pages of stuff on here it looks like things are completely unpredictable. If I were to say buy 5k in Hilton stocks I’m risking it because they could go bankrupt? Just seems like at some point the market will recover right? I wanna buy low but what’s low lol !!
took China about 4-5 months to lower their cases. That’s if they’re telling the truth. That’s the time frame I’m setting for myself. Just my opinion and isn’t written in stone.
the public health problems should be solved by mid-summer; however the subsequent economic problem may have more severe consequences, harder to quantify in terms of duration
Good Friday morning traders and welcome to a new day, fresh start! Here is this morning's pre-market news thread for those of you wanting to get a quick read before today's open- <-- click there to read! Hope everyone in here has a great trading day ahead on this final trading day of the week!
Morning Lineup - 3/20/20 - 6.5 Hours Left Futures started out the overnight session weak, rallied throughout the night, but have been giving up ground ever since. We have no idea where they'll be by the time the market opens (or closes for that matter). At the recent pace, though, they won't be positive by the time equities open for trading. We would note that if the S&P 500 does manage to finish the day higher, it would be the first back to back gains for the S&P 500 since February 12th! Along with US equities, just about every financial asset except for volatility products and the US dollar are higher. The moves higher look pretty reasonable and restrained, and that would be a huge improvement for the function and orderliness of US financial markets even if we have not yet seen a major bottom for equities start to carve out yet. The best thing for everyone is that markets will close for the weekend shortly and give investors, central bankers, lawmakers, and most importantly, health care professionals an opportunity to assess their actions over the last few weeks to see what has worked and what hasn't. They can also take into account new developments and alter their actions accordingly. Conditions have been very fluid, but a lot still needs to be done. The bottom line is that the status quo of an indefinite economic lockdown is unsustainable for everybody. Charts like the one of crude oil's daily changes can be found across just about every different asset class these days. Yesterday, WTI crude oil had its largest one-day daily gain on record, rising by 23.8%. That move followed the second and third largest one-day declines for crude oil on record from 3/9/20 (-24.6%) and 3/18/20 (-24.4%), respectively. Not sure what you want to call it, but it's far from rational market behavior.
SPCE up 30%, this is the new cult stock i guess, i thought for sure it would die off from the sell off, but looks like if the market ever recovers this will still be a buy wow.
