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

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

  1. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Thank You Cy. Yes feeling better today, had fever all day long yesterday. My doctor said it probably isn’t coronavirus but who knows lol :p Anyway I just stay home for now until I am fully recovered
     
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  2. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    Oh boyyyy 2 emergency rate cuts in about 2 weeks. This doesn’t feel right. Wonder what the futures market is going to think of this? How many circuit breakers are we going to get tomorrow?
     
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  3. Stockaholic

    Stockaholic Content Manager

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    Futures open should be really interesting in about 30 min. :D

    Funny, we just entered the fastest bear market after an ATH ever in history, now I wonder if we can end the bear and enter a new bull (+20% off the bear low) at the fastest rate ever :p

    Seriously would not surprise me in the least, especially after this unprecedented move by the FED today.
     
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  4. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    2020 has been a wild year, i was just in a car accident yesterday, the safety in cars are amazing, i cant believe what i was able to walk away from with just some bruises and scratches.

    looks like we are back in QE! will the market take this as good news or will it lead to more panic selling?
     
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  5. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Good to hear that you are ok @Ken34, hopefully everyone involved in that accident was fine too
     
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  6. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    thank you. yes everyone was ok, some lady cut in front of me trying to turn into a street, i was able to react fast enough to swerve out the way, but i swerved right into a van. thank god for my quick reactions and the safety in our vehicles.
     
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  7. Stockaholic

    Stockaholic Content Manager

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    ditto this!! wow glad to hear you’re okay man! @Ken34 :eek:
     
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  8. rg7803

    rg7803 Well-Known Member

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  9. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    As of now futures are deep in the red :eek:
     
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  10. Ken34

    Ken34 2017 Stock Picking Contest Winner

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    Stock futures drop — hit ‘limit down’ — even as Fed slashes rates; Dow futures off 1,000 points
     
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  11. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    This could be real ugly tomorrow. This looks like a FED that doesn't have control of the situation and I think the market sees it!
     
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  12. Bodacious

    Bodacious Active Member

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    We wanted to reach out to you in the midst of what we know to be historic and volatile market conditions, due in part to the outbreak of the novel coronavirus (COVID-19). In light of recent drops in the S&P 500, there have been market-wide trading halts, triggered by mechanisms put in place by the US Securities and Exchange Commission.
     
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  13. Vdubman

    Vdubman Well-Known Member

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    100%
    He has no concerns for the country if he is not re-elected for some reason.

    I'm going to try and exit one of my longs that was up 27% Friday afternoon in premarket trading tomorrow. Still down 50% from February but have been holding for Divs the last year or so. Will re-enter once market levels out. Need more cash for bear etf's short term.
     
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  14. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Good to hear you are handling this well. I realize this virus can be especially deadly to certain populations.
    I got to say though, there is a stark difference in how we are dealing with this virus on the individual scale, and how we are dealing with the virus on a national scale.
    On an individual scale, right now there's no cure for coronavirus so if/when I get it, I will just treat it like a normal flu too: ie self-quarantine and curl up in a corner lol. I may not even go to the doctor because I don't want to overload the system's resources.
    But on a national scale, we are dealing with this like it's WWIII.

    The last pandemic was swine flu, in 2009. Imagine if, in 2009, we acted like we're acting right now. I guess we are "lucky" that economically we can sustain this kind of response. Note that many are trying to say that this corona virus is "not just the flu", but swine flu was "not just the flu" either as it was a combination of never-before-seen influenza viruses in humans and animals. (https://www.cdc.gov/h1n1flu/cdcresponse.htm#a_2009_H1N1_Vaccination, tl;dr https://www.beckershospitalreview.c...-about-the-world-s-last-pandemic-in-2009.html). Did we do something wrong last time?
     
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  15. Stockaholic

    Stockaholic Content Manager

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    hah well this is a first, when you go to finviz to pull up all the intraday futures charts, there's no chart data available for the s&p 500 (/es) because it's been in a lock limit down since just after the 6pm eastern globex open :eek::p

    [​IMG]
     
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  16. Stockaholic

    Stockaholic Content Manager

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    wonder if we'll ever see the level 2 circuit breakers (drop of -13% on the cash SPX) get triggered...we had seen the level 1 (-7% drop) twice already just this past week :p
     
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  17. Stockaholic

    Stockaholic Content Manager

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  18. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    SPY pre-market already down almost 10%. So will we open at the 7% down breaker?
     
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  19. AverageJoesTrades

    AverageJoesTrades Well-Known Member

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    Just for my knowledge - what happens if we hit 20% down today? Is trading just halted for the day or would it be for a couple weeks? Wondering if I hold my 4/17 238 Puts.
     
  20. OldFart

    OldFart Well-Known Member

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    I am sure we will, but will we hit another breaker?
     

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