Taking some money off the table with the stocks that I bought last Thursday or Friday. Last Friday could be the bottom but I am not taking a chance. Holding more stocks than what I want already since I bought the dips way too early.
while i don't personally think we are done on the downside yet, it is interesting that we had stopped right around the average yearly pullback for the market on friday. i stumbled across this chart in my reads. so far the SPX has pulled back about -13% at the dead low from its ATH. that's right about inline with the average pullback over the past 40 years.interesting to me in this chart is that the market can still end higher during those so-called "scary" corrections i suspect absent anything end-of-the-worldish... we could in fact see this scenario play out yet again
When is the next FED meeting by the way? It is going to be an interesting one. The FED seems to be saying they want to wait for more data but the market is now pricing in a March cut
I am hearing the market is pricing in the 0.5% cut too rather than just 0.25%, I didn't check to confirm though
haha, i actually heard up to 0.75% cut for the march meeting going to be real interesting to see if we actually get that
flirting with up +1K here on the DJ30 here ... of course insignificant to be talking about pure "point" moves as on a % basis this is less than what it was back on dec. 2018
Robindhood down I guess luckily it is not my only brokerage and I am not actually looking to selling any stock that I own there today, if I want to sell something there and it is down then I would be pretty upset probably especially in the current market environment
thought this was another interesting chart i stumbled across in my earlier reads today, and was kind of a tell that some kind of an oversold bounce was forthcoming soon ... the $nymo had only been down this low since after the 2011 debt ceiling debacle correction. the other 3 times it was near this oversold was the during the 2011 flash crash, 9/11, and the '08 financial crisis
so first we see if we can close up more than +1,086 then we see if we can get the largest one-day move either up or down in history. recall that last week we had that down day of -1,190 ... would be something if we closed up more than that
whelp, breaking news? DJ30 has just set a new record for the largest one-day point move either up or down on an "intraday" basis. never has it moved +/-1200 points in a single day intraday in history
