Stock Market Today: March 9th - 13th, 2020

Discussion in 'Stock Market Today' started by Stockaholic, Mar 6, 2020.

  1. OldFart

    OldFart Well-Known Member

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    Looks like it settled down some
    Might be setting up for another violent move

    9E178918-27CB-4AF2-94E1-D2FF89997287.png
     
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  2. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    So anyone bought the dips today? :p
     
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  3. Stockaholic

    Stockaholic Content Manager

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    haha yes indeed. good calls for us i guess :p

    well today was pretty historic for me personally as this was the first time i have ever experienced a market wide trading halt during the RTH (regular trading hours) as a result of the circuit breakers kicking in after the SPX fell -7% at the open...was interesting to say the least haha :p
     
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  4. StockJock-e

    StockJock-e Brew Master
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    I think we still see plenty of dips to come. This is just the initial knee jerk here, the real economic damage has yet to be seen!
     
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  5. OldFart

    OldFart Well-Known Member

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    Does this info come from the whale report or the shrimp report?....asking for a friend :D
     
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  6. Kristi

    Kristi New Member

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    Yikes, the last two weeks! I been on vacation and haven't paid attention. Should I go to cash in my 401K? I don't feel like we are even close to a bottom.
     
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  7. OldFart

    OldFart Well-Known Member

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    Just like the virus, I think it's a coin toss
     
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  8. rg7803

    rg7803 Well-Known Member

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    Yep but this has been kind of violent, I guess. Cant remember oldie too many days like this w/ sp droping almost 7%!
    Till few days ago i was completly confident about future path; now Im more worried about true impact this crap will have on companies results.
     
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  9. OldFart

    OldFart Well-Known Member

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    Yes,it's definitely a concern. I still think this is getting blown out of proportion ( like Greece, Trade war, etc ).
     
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  10. StockJock-e

    StockJock-e Brew Master
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    Talking to a friend in S Korea... tourism is down, shop traffic is down, renters for store fronts are asking landlords to drop rent rates because they cant pay. Landlords come out short on mortgages... it ripples through.

    We have not had our first ripple in the US yet.
     
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  11. Stockaholic

    Stockaholic Content Manager

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    this is not too significant, but just worth noting that as bad as these past few weeks have maybe felt for the overall market, the bull market for the big 3 indices is still intact here, albeit not by too much :p

    small cap index, and especially trannies are already in bear now though

    [​IMG]
     
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  12. Stockaholic

    Stockaholic Content Manager

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    interesting, wasn't sure if we were actually gonna close out with a -2,000 print ... looks like we did :p
     
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  13. OldFart

    OldFart Well-Known Member

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    I’ve seen vids of empty Chinese highways with no one on them. ...seems to have hit China and Korea hard and fast.
    Japan, not as bad.
    Italy is getting hit pretty hard as well as Iran.

    I still think it’s all about containment. If the CDC doesn’t start getting serious about that, then we could be screwed.
    The 1st case here in Florida, the woman told the CDC in NY as well as Atlanta airports that she thought she might be infected since she was flying back from Italy. The sent her on her way with NO examination. WTF ??

    https://www.newsweek.com/florida-coronavirus-patient-cdc-domestic-flight-flu-like-symptoms-1490393
     
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  14. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Yes we did :eek:
     
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  15. Stockaholic

    Stockaholic Content Manager

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    funny, just last week you and i were mentioning how the market was making daily moves that we would typically see in a weekly or a monthly basis.

    today was more like a quarterly or even a yearly move in 1 day lol :p
     
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  16. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Yes, it is indeed one wild and crazy market right now :p
     
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  17. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Looks like the SPX is close to the bear market territory :eek: Many indexes in other countries are already in bear market territory :eek:
     
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  18. Stockaholic

    Stockaholic Content Manager

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    yep, here's my indices correction table again with the updated numbers from today's close.

    we're now -19.06% off the ATH in the cash SPX.

    2,714.82 would be the exact -20% bear territory level, so just another 32 handles away. DJ30 and nazzy also closing in as well. they're both currently off -19.34% and -19.19% respectively.

    [​IMG]
     
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  19. stock1234

    stock1234 2017 Stockaholics Contest Winner

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    Thanks Cy. Do you have the live version of this table on the first page of this thread by the way? I didn’t have a chance to look yet :p
     
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  20. Stockaholic

    Stockaholic Content Manager

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    ah yes, thanks for reminding me! not sure why i've had that set to private all this time lol.

    here's my direct link to that very google sheet:
    https://docs.google.com/spreadsheets/d/1EQ0Em2LOWjGDH10X57bEyUSpqCNveqi_HSTK67nlVes/edit?usp=sharing

    let me know if that link opens/works for you. that is my live sheet that auto updates during market hours.
     
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