So if a vaccine was announced today, ready for production, and free to the public, the market would obviously begin it's recovery to normalcy. What stocks would you immediately purchase in order to get the best bang for your buck during the multi-month recovery?
haha that's a really good question there, T. short answer: everything? slightly longer answer: i would think anything that was waaaay overdone and beaten down. like travel stocks. they were really rocked. edit: hah @stock1234 beat me to it
whelp, any close greater than -9.99% today will give us yet another "largest since '87 crash" on a closing basis market moving towards the opening lod here...
wait, i just heard that after 3:25pm eastern, the level circuit breakers don't kick in anymore so, that means technically we can close down greater than -20% i think is that true? lemme see if i can confirm this for sure though.
i can't find it anywhere right now, but i think i do recall hearing about that 3:25pm eastern rule before one other time. just can't confirm it at the moment. maybe it's only meant for the level 1 (-7%) and level 2 (-13%) breakers but not the level 3 (-20%)? interesting either way.
Dow plunge reaches 11% as Trump says worst of outbreak could last until August https://www.cnbc.com/2020/03/15/tra...r-fed-cuts-rates-launches-easing-program.html That would be terrible if it lasts till August
No circuit breakers after 3:25 PM, that's true. Also, those freaky candles Mon/Tues last week were essentially repeated Thurs/Fri, look, it's so obvious no chart post is needed. This is a sign of a completely broken market. I pity anyone sick enough in the head to make sense of this outside of index shorts or similar, the risk involved is beyond what I can deal with, take that from someone who dealt with flash crash and the Aug 2011 fiscal panic. Yikes.
i just checked...this is officially the 2nd largest daily % drop on the DJ30 (on a closing basis) ever on record with only the crash of 1987 doing worse at -22.61%! daaayum!
this isn't updated yet, but today's market will be listed just under the crash of 1987's in this list:
