roughly speaking, the market gained1000 points at the open, lost 1000 points to 11:30 and then gained ANOTHER 1000 points to 4:00 PM.
I took some liberties, but that's the gist of it.
Racket man I think that means a lot in the options world, yes? Amazing stuff.
agip wrote:
ok now we'll see if my totally unfounded and probably wrong theory of market down days works...that the selling tends to peak by 11 or noon, as retail orders and scared traders force their sell orders through.
BOOM
You make enough predictions, eventually one will come true.
We hit bottom at 11:38 AM today and rose 5.6% from there.
agip wrote:
We hit bottom at 11:38 AM today and rose 5.6% from there.
That’s right around the time K5 claimed the Dow was “dropping fast”. I think he is trying to challenge Igy for the title of “DGTD King Contrarian Indicator”.
Giles Corey wrote:
agip wrote:
kudos man.
I think you'll be happy with that, a year or two out.
Why?
well done, silver seller. So far anyway.
tech stocks are back above their 200 day moving average. Amazing. The SPX as a a whole is still 5 or 6% below.
tech tech tech, Wow.
agip wrote:
roughly speaking, the market gained1000 points at the open, lost 1000 points to 11:30 and then gained ANOTHER 1000 points to 4:00 PM.
I took some liberties, but that's the gist of it.
Racket man I think that means a lot in the options world, yes? Amazing stuff.
Yep. What a prudent way we have to fund our retirements.
Giles Corey wrote:
agip wrote:
roughly speaking, the market gained1000 points at the open, lost 1000 points to 11:30 and then gained ANOTHER 1000 points to 4:00 PM.
I took some liberties, but that's the gist of it.
Racket man I think that means a lot in the options world, yes? Amazing stuff.
Yep. What a prudent way we have to fund our retirements.
a balanced portfolio rarely loses money over a year's time and has provided around 5% return in excess of inflation over time. I'd go for that option.
Although with 2% interest rates, we may not get that kind of return in the future.
You are a believer.
The market is not physics or math.
Contrarian Indicator alert wrote:
agip wrote:
We hit bottom at 11:38 AM today and rose 5.6% from there.
That’s right around the time K5 claimed the Dow was “dropping fast”. I think he is trying to challenge Igy for the title of “DGTD King Contrarian Indicator”.
“The markets are down. I would lean into some technology stocks.”
Igy - would you agree that the Dow will be up around all-time highs in a few months when the Coronaviru s hysteria dies down?
Sally Vix wrote:
Igy - would you agree that the Dow will be up around all-time highs in a few months when the Coronaviru s hysteria dies down?
I consider that not only wrong, but silly and foolish. Posters like you will cause investors to lose more money than they already have.
Yep, nobody will want bonds at future yields, except for governments in reciprocal agreements, a circle-jerk.
Virus effects in the US will get worse before they get better, same in europe. People freak out when they are quarantined. I think there will be strongly suggested voluntary large-scale quarantines here, but a quarantine has to be almost complete in order to have a good effect.
Yes spreading the cases out over time is essential, given the lack of beds—but in the meantime the news gets reported, and the algos react.
Really tough to say what will happen one way or another. The best you can say is that in 2 years’ time it will have mostly run its course, maybe with secondary flare-up, and will have killed a bunch of old and weak, and maybe left a bunch of otherwise healthy people injured.
And that last point is IMO the important one: what is the morbidity, especially in working-age individuals? And what is it with successive infections, as that is reported to be possible? A vaccine is key to avoiding the morbidity effects resonating into the future and affecting economies.
Q: how can you get it again, if you can get rid of it in the first place? What causes it to disappear from an infected organism?
Virus dies, mutates into a version that evades immunity.
Maserati wrote:
Q: how can you get it again, if you can get rid of it in the first place? What causes it to disappear from an infected organism?
Talking to yourself again? :)
Why does it die? And why does it not propagate itself in the body, ad infinitum?
still here? wrote:
Maserati wrote:
Q: how can you get it again, if you can get rid of it in the first place? What causes it to disappear from an infected organism?
Talking to yourself again? :)
Nope, asking you a question. Got an answer?
“A virus is acellular (has no cell structure) and requires a living host to survive; it causes illness in its host, which causes an immune response. Bacteria are alive, while scientists are not yet sure if viruses are living or nonliving; in general, they are considered to be nonliving.”
I'm not selling... my puts!
They rolled out Buffet today. Right on schedule. Any time market is down, roll out Buffett.
Forget morbidity. 80% have mild symptoms. Oh, so 20% have harsh symptoms? That's HUGE! Can someone tell me how many 40-60 year olds get intubated? Do they have stats for that? What are the odds of getting a tube down your throat?
IMO, it's not priced in. At all. Read the accounts from Italy. I believe even Renato coach weighed in on another thread. It's bad. Yet I talk to people here in a city with over a dozen cases in the wild (very ominous, could go exponential any time) and I get the same crap about "it's just the flu", "just affects old people with conditions", etc...
At least Tucker Carlson gets it on the R side.