Down goes the Dow

Here's another that goes all the way back to 1993 : https://www.nytimes.com/2018/02/02/your-money/stock-market-after-hours-trading.html

It should be noted that the market is in "after hours" way more often than in "cash open" hours, which is only 40 hours a week. Plus, things like earnings are deliberately scheduled in after/pre market hours anyways, so this isn't a huge surprise.

most earnings are scheduled during the extended trading day, so we can trade it just like everybody else. But the fact of the matter is, the proliferation of algo trading nowadays just about guarantees that the retail investor is out-gunned even if they can trade it during the extended hours (4 PM - 8 PM EST). I mean, yeah, you can pull the trigger at least, but it won't be nearly as fast as the big boys can (and did).

Good point though about after hours being a larger proportion of the 24 hour cycle, though, and so one might reasonably expect more of the moves to be made there, relatively.

Racket wrote:

Here's another that goes all the way back to 1993 :

https://www.nytimes.com/2018/02/02/your-money/stock-market-after-hours-trading.html

There's some good findings in this one. Thx.

Johannes wrote:

Ghost of Igloi wrote:

Sure about that?

https://twitter.com/LizAnnSonders/status/1266402789401518082

That has nothing to do with the markets. Are you ok?

Sure it does. Consumers are saving not spending, they are saving.

Not sure how things are where you live, but the Idaho economy has been open in some fashion for four weeks. My observation is little activity. We are into our third stage where bars are now open. Hair salons, gyms, and restaurants have been open for two weeks. Two of the YMCAs I attend had less than a dozen people. Downtown Boise has similar activity to a Christmas Day. The busiest spot was a food bank drive thru.

Now someone can believe a 35% move off the bottom signals the low is in, but I don’t. There will be no V-shaped recovery. This is the greatest bear market rally during the largest health, economic, and financial markets crisis in the last 140 years. Riots across the country shows great social and economic sickness well beyond Covid-19.

So what does it have to do with the market being forward looking?

Johnny,

It shows that the market is not forward looking. You have been? to.

?

Ghost of Igloi wrote:

Johnny,

It shows that the market is not forward looking. You have been? to.

?

Exactly how does it show that?

Detector Dude.....???

That’s what I thought.

Ghost of Igloi wrote:

There will be no V-shaped recovery.

Those who have tried to time the market have been wrong....In 2009, surveys of investors showed that the perceived probability of a crash was very likely at the bottom of the market. Those survey respondents were wrong. At the beginning and the end of 2018, there were stock market corrections. Both times there was a V-shaped recovery that investors overall did not predict. Even now, the market peaked on February 19, well after the coronavirus was evident.

?

https://twitter.com/RonStoeferle/status/1265899359926915082

Ghost of Igloi wrote:

?

https://twitter.com/RonStoeferle/status/1265899359926915082

Now you’re getting market knowledge from the ice cream man? I guess desperate times require desperate measures.

Johannes wrote:

Ghost of Igloi wrote:

Johnny,

It shows that the market is not forward looking. You have been? to.

?

Exactly how does it show that?

It doesn’t.

Weekend update on FB Marketplace Economic Indicator: I'm seeing 3 additional fully restored muscle cars for sale under traditional market value (very scientific - I look at it and decide either "yeah that seems about right" or "wow this is way under-priced!") now for a total of 42 just in my area (100 mile radius) (one is a Mustang GT350 that is going for way under market value -- either a very desperate boomer or something really wrong with it) and 5 (!) additional speed boats.

Since the hot waitress economic indicator has been totally disrupted, I'm counting on this to guide me now.

One of my close running friends is a value engineer for a national engineering. Bought a house six months ago and paid a premium in a bidding war. He is selling it to take a job in San Francisco. Basically knowing he is going to take an economic selling his house to insure job security.

Opps...edited

Ghost of Igloi wrote:

One of my close running friends is a value engineer for a national engineering firm. Bought a house six months ago and paid a premium in a bidding war. He is selling it to take a job in San Francisco. Basically knowing he is going to take an economic hit selling his house to insure job security.

Home prices are going up.

Cost to buy and sell, Detector Dude. Try to use your brain, rather than wasting time trolling.