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

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

  1. rando

    rando Active Member

    Joined:
    Apr 3, 2016
    Messages:
    47
    Likes Received:
    111
    GUYS!!! I got good news. It's only money.

    Got any 22LR ammo? Now that stuff is actually worth SOMETHING.
     
    OldFart and Stockaholic like this.
  2. OldFart

    OldFart Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    1,959
    Likes Received:
    1,813
    I got a whole bunch of .223, 5.56, & 9 mil and a slightly used package of toilet paper....I'll trade it all for a beach house...:D
     
    #102 OldFart, Mar 16, 2020
    Last edited: Mar 16, 2020
    Kristi, rg7803 and Stockaholic like this.
  3. OldFart

    OldFart Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    1,959
    Likes Received:
    1,813
    So, for those of you that didn't buy in 2010, now is your chance!...lol
     
  4. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,607
    Likes Received:
    4,630
    Buying but I am prepared for more pain ahead :p
     
  5. OldFart

    OldFart Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    1,959
    Likes Received:
    1,813
    Yep...trying to find the bottom of a virus is almost impossible...:D
     
    stock1234 and Stockaholic like this.
  6. Ken34

    Ken34 2017 Stock Picking Contest Winner

    Joined:
    Apr 4, 2016
    Messages:
    1,039
    Likes Received:
    723
    yea ive been buying the whole way down, its not money im in need of using at all, so i am prepared for pain.

    bought some BYND today at $60.40
     
    stock1234, Stockaholic and OldFart like this.
  7. Stockaholic

    Stockaholic Content Manager

    Joined:
    Mar 29, 2016
    Messages:
    13,767
    Likes Received:
    7,050
    ok, so now that we had a little bit of time to let that all sink in, according to lpl, this was the 3rd largest % drop for the SPX ever on record.

    but wait, there's more! how about the nazzy? whelp, today's % drop for the naz was actually THE largest ever on record. i'll see if i can post some chart in here for that one as well a little later on for the visuals...

    [​IMG]
     
    OldFart, stock1234 and Three Eyes like this.
  8. AverageJoesTrades

    AverageJoesTrades Well-Known Member

    Joined:
    May 24, 2016
    Messages:
    1,130
    Likes Received:
    624
    I’m hearing rumblings 48-72 hours until we’re on full national lockdown. Unfortunately sh*t is about to hit the fan.
     
  9. OldFart

    OldFart Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    1,959
    Likes Received:
    1,813
    I keep hearing conspiracies about FEMA camps being setup too.
    I'll believe it when I see it....
     
    Stockaholic likes this.
  10. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,607
    Likes Received:
    4,630
    Amazing, we are seeing some history here. I am surprised not more days are in the list too for 2008-2009 :p
     
    Stockaholic and OldFart like this.
  11. OldFart

    OldFart Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    1,959
    Likes Received:
    1,813
    I'm STILL getting emails from Cheapoair & Travelocity claiming to have "cheap" airline tickets...LMAO
     
    Stockaholic and stock1234 like this.
  12. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,607
    Likes Received:
    4,630
    I might not fly even if they give me free tickets now lol :p :D
     
    Stockaholic and OldFart like this.
  13. stock1234

    stock1234 2017 Stockaholics Contest Winner

    Joined:
    Apr 3, 2016
    Messages:
    5,607
    Likes Received:
    4,630
    Stockaholic and OldFart like this.
  14. OldFart

    OldFart Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    1,959
    Likes Received:
    1,813
    @rg7803

    How are things over in Lisbon?

    Things are ok here in Florida so far.
     
    Stockaholic likes this.
  15. Ken34

    Ken34 2017 Stock Picking Contest Winner

    Joined:
    Apr 4, 2016
    Messages:
    1,039
    Likes Received:
    723
    yea those prices on flights haven't come down enough for me to take the risk lol.
     
    Stockaholic and OldFart like this.
  16. rg7803

    rg7803 Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    590
    Likes Received:
    425

    Actual toll is (all country):
    331 infected, 1 dead (today), 3 recovered

    I believe that wednesday we will enter here "state of emergency"
    frontiers already blocked w/ Spain, no tourists allowed only goods
     
    Stockaholic and OldFart like this.
  17. Stockaholic

    Stockaholic Content Manager

    Joined:
    Mar 29, 2016
    Messages:
    13,767
    Likes Received:
    7,050
    here is just a real quick visual of all the SPX drawndowns from closing ATHs over the past 20 years.

    below chart is courtesy of bespoke.

    (note: we are actually at a -29.7% drawdown currently after today's close)

    this puts things into perspective a bit. still have a way's to go to match the 2000-02 bear market drawdawn, and the last recent one being the GFC bear market drawdown of -56.8%

    i'm not saying that's where we're going, but just illustrating on this chart.

    this one though is the fastest drawdown entering a bear market from an ATH (was only 19 trading days! :eek:)

    [​IMG]
     
    BrendonA and OldFart like this.
  18. OldFart

    OldFart Well-Known Member

    Joined:
    Apr 3, 2016
    Messages:
    1,959
    Likes Received:
    1,813
    Stay healthy over there my friend!
     
    rg7803 and Stockaholic like this.
  19. Stockaholic

    Stockaholic Content Manager

    Joined:
    Mar 29, 2016
    Messages:
    13,767
    Likes Received:
    7,050
    haha, was thinking the same :p

    this may be a slightly better visual ... shows all of the SPX 1 day % changes since the 1920s :p

    [​IMG]
     
    stock1234 and OldFart like this.
  20. AverageJoesTrades

    AverageJoesTrades Well-Known Member

    Joined:
    May 24, 2016
    Messages:
    1,130
    Likes Received:
    624
    What's up with futures - looks like S&P is halted at 3.85% up?!?!?
     

Share This Page