Hey thanks! You're like a legend on here so that means a lot. I had been reluctant to post sooner because I was a newborn in investing back then and I'm still only just learning to walk now. If the markets hadn't gotten whipped up into such a frenzy I'd still prolly only be occasionally lurking but things have gotten so crazy I had to start chiming in!
Man it's hard not to look at the market without some FOMO right now lol. I haven't bought ANYTHING yet. When Boeing was at $96 I was so close to buying up a few shares incase this happened but resisted because given the year its had I started to worry Boeing might become the Lehman of industry if a bigger collapse takes place. Dumb. Didn't get in on MA either - that even dipped below $200! I've just been paralyzed by uncertainty I guess. I still think we'll at least retest the bottom but I'm doubting more and more if we'll break through that bottom...argh. This is really testing my investing discipline right now...
I would sooner gargle with straight edge razors than take a position in this market. Wall Street is zombieland. That said, how is anyone not getting short here? 22% and more rally in three days. Is this not a bear market rally pooping in the woods?
that, and also HSM was actually getting to be too big as crazy as that may sound. "too big" in the sense that the DB (database) was just getting too huge, hence why porting over the previous database was near close to impossible. additionally, the platform we were running on previously (huddler) was not very user friendly, and the guys running the thing were not very responsive to us when we needed to get things done. the platform we were running on pre-huddler was vbulletin which was much better, but now even the new vB is pretty garbage to put it best. xenforo is by far the best forum platform out there on the 'net imho. and we're just on version 1 still lol. but admittedly i am a little reluctant to have us upgraded to the latest build because i just love this version the best honestly. i'm all about "if it ain't broke, don't fix it" mentality. change for me is kinda hard. albeit, the move from HSM into this platform somehow went pretty smoothly to my surprise, and thank goodness for that!
Hopefully this doesn't freak people out but I think the data is potentially valuable. Check out these statistical models by state for forecasted COVID-19 hospitalizations based on measures taken by state/local governments. Obviously models aren't flawless but this indicates we could be in for a very long haul. Looks like many states won't see peak hospitalizations til mid-MAY and that's even with a 'shelter in place' order in effect. Meanwhile the DJIA is up over 4% right now...because that makes sense based on the current outlook... Check it out: https://covidactnow.org/
here's just an update to my infamous dead cat bounce meme that i used to always put out during big market correction in the past. are we all mostly in agreement with this?
looks like its gonna be a close one to the finish line here ideally you would like to see multiple closes above that +20% mark to really declare it a new bull. curious to see if this gets some headlines in the media lol
Wondering if this is both the quickest return to a bull market AND the most irrational market ever? Stay tuned I guess...
Wow now British PM Boris Johnson is a confirmed case. Is this the highest ranking government official who's a confirmed case in the world? FTSE England only down ~5% now on the news this morning. But still...yikes. https://www.bbc.com/news/live/world-52058788
Good Friday morning Stockaholics 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 - 3/27/20 - Another Corona Friday Fri, Mar 27, 2020 It's looking like another one of those Corona Fridays for US equities as futures are trading down around 3% piggy-backing off the declines we're seeing in Europe. News that UK Prime Minister Boris Johnson has tested positive for the virus isn't boosting sentiment either. Here in the US, there are also concerns that the House vote on the relief bill will be forced to an in-person vote instead of unanimous consent and that would force members to return to DC from their districts and delay the ultimate passage. On the House bill, we should know by noon whether the bill will be able to be passed today, but given it's a Friday and the market is closed for the next two trading days, it's hard to convince investors to hold equities into a weekend where the headlines are more likely to be bad than good. The S&P 500's 17%+ rally in the last three trading days is the strongest rally for the index since the 1930s, and one of only a handful where the S&P 500 even rallied 10% during a three-day period. The last such occurrences of a 10%+ move were in March 2009, November 2008, October 2008, and then October 1987.
