Ya know MTB, ya not such a bad fellow showing ya stripes away from da Political Thread... cellie...
yeah yeah I get that a lot.....cept a few hard heads
The stock market
I don't get why the market suddenly dropped today over the jobs report. Thy had to know it was going to be bad before it was issued. Would have thought they'd have priced that in. Especially as it made some nice gains yesterday.
Did they expect something different?
"Well, it's alright.
.............even if you're old and gray."
"Well, it's alright.
............you still got something to say."
.............even if you're old and gray."
"Well, it's alright.
............you still got something to say."
AdmiralOriginal Crew20,900 postsSince 2018
There is no more market Larry. Any semblance of what was left after 2008 in now totally controlled and influenced directly by the Federal Reserve and their daily interventions, directly or indirectly, in the various markets (e.g. equities, debt, Fx, commodities, etc...)
However, I guess the quick answer to your question is : the Fed wasn't a buyer of stocks today. :(
Outside of that, 30MM people unemployed...Likely 40-50 million in the next 6 months if this doesn't reverse soon.
CommodoreOriginal Crew5,100 postsSince 2019
I don't get why the market suddenly dropped today over the jobs report. Thy had to know it was going to be bad before it was issued. Would have thought they'd have priced that in. Especially as it made some nice gains yesterday.
Did they expect something different?
Your mistake is thinking the stock market reacts in logical and predictable manner. If they did, they wouldn't have jumped up so high yesterday on a single blurb for a potential vaccine in the fall. Maybe everyone reassessed yesterdays growth today based on flimsy data and decided to do a little profit taking?
Just my opinion. I'm sanguine enough to know to stay away from craps tables and the stock market, especially in tumultuous times like these...
Shall I go to heaven or a-fishing? - H. D. Thoreau
Veni. Vidi. Cepi. - with apologies to Gaius Julius Caesar
Veni. Vidi. Cepi. - with apologies to Gaius Julius Caesar
AdmiralOriginal Crew21,717 postsSince 2018
SOME big players had earnings after the close today and so far futures don't like it,,,,,
Yesterday was FED day....for some reason the market does the reverse the day after...up yesterday...down today
So they seemed to have miraculously gotten the market back up pretty high...this gives some big players who missed the EXIT sign to get out and leave JOE 6PK holding da BAG!! If you don't know who JOE 6PK is then it's YOU!!!
CommodoreOriginal Crew12,530 postsSince 2018
so news just NOW that CHINA is being threatened with more tariffs and that we may not pay them 1 trillion in debt......watch out below!!!!!!!!!!!!!!!
CommodoreOriginal Crew12,530 postsSince 2018
D
Fizzled quickly.
"The deer hunter habitually watches the next bend; the duck hunter watches the skyline; the bird hunter watches the dog; and the non-hunter does not watch." Aldo Leopold
"Many men go fishing all their lives without knowing it is not the fish they are after." Henry David Thoreau
"Many men go fishing all their lives without knowing it is not the fish they are after." Henry David Thoreau
First MateOriginal Crew693 postsSince 2019
anyone who sold over da last 3 months, sorry to hear; Cha Ching... cellie...
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change your name to BUYIE or HOLDIE :LOL:
iT WAS A MAGNIFICENT RUN !!!! But all horse races end......this one is at the finish line todaY....even with the fed backing all risk...it's overblown...everyone is giddy with excitement....time to pull the rug out again!! Protect your principal that's the game
CommodoreOriginal Crew12,530 postsSince 2018
change your name to BUYIE or HOLDIE :LOL:
iT WAS A MAGNIFICENT RUN !!!! But all horse races end......this one is at the finish line todaY....even with the fed backing all risk...it's overblown...everyone is giddy with excitement....time to pull the rug out again!! Protect your principal that's the game
I like da dividends... cellie...
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... sand under my bare feet is better than subway steps with steel toe boots on... cellfish...
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... sand under my bare feet is better than subway steps with steel toe boots on... cellfish...
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CommodoreOriginal Crew18,289 postsSince 2019
BROKERS make you broker...they can make you a millionaire but you have to give them a billion to start
CommodoreOriginal Crew12,530 postsSince 2018
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The stock market