The Dow Jones is back BABY!!! Fasten your seatbelts - going to be a barnburner up to 30,000!

Sally Vix wrote:

donairs wrote:

Money needed to help respond to the coronavirus, was given to the rich in the form of a tax cut. When no tax cut was needed.

Do you just spew liberal BS all the time? Sheeesh.

well, in all fairness, at least he said something rather than dismissing valid viewpoints as mere partisan denunciations without addressing the actual claim.

The thing is, it opened way up because the futures traders put it there between sessions. During the session it lost those gains, then gained them back to where the futures traders had put it in the first place.

Guess what those futures traders are doing now? Back down 2% at the moment, complete opposite of what they thought last night. They're just driving these repeated stampedes and cashing in. Jail them!

futures prices are largely a reflection of what is going on in overnight markets, and at this time, it is Nikkei in Japan and Hang Seng in Hong Kong that are open and trading. Nikkei is down. Later, it gets tweaked by European markets (when they open).

Nikkei 225 Japan 19,546.87 -1.61%

They're a reflection of the same scum manipulating and cashing in on the overseas markets.

Case in point, the same line as ever, "because coronavirus," no matter how absurd. Asian markets are down because US coronavirus, even though US markets went up instead. What are the Asians supposedly scared of that we ourselves aren't? Especially since they are comparatively already out of the woods.

https://www.marketwatch.com/story/asian-shares-slide-despite-hopes-trump-administration-will-produce-coronavirus-aid-2020-03-11?mod=mw_latestnews

texan boi wrote:

It will not be 30,000 by July.

Bump.

texan boi wrote:

texan boi wrote:

It will not be 30,000 by July.

Bump.

What exactly are you bumping?

So I am not a market timer guy. BUT, I sold off $220,000 worth of mutual funds in January. I felt the economy was overheated, and was worried about the Coronavirus.

OK, so smart decision. Except....what the hell to do with the cash? My bank is paying less than 1% in a savings account. Interest rates are incredibly low.

I'm not going to re-invest it for awhile, too much uncertainty. I'd be happy to make 3%, but even that seems impossible.

seattle prattle wrote:

Sally Vix wrote:

Do you just spew liberal BS all the time? Sheeesh.

well, in all fairness, at least he said something rather than dismissing valid viewpoints as mere partisan denunciations without addressing the actual claim.

The US government takes in 4 trillion dollars per year. The US government can print all the money it needs.

Please don't insult our intelligence and pretend that was a "valid viewpoint."

Sometimes it's better to say nothing than to say something that stupid.

Timmy Treadwell wrote:

So I am not a market timer guy. BUT, I sold off $220,000 worth of mutual funds in January. I felt the economy was overheated, and was worried about the Coronavirus.

OK, so smart decision. Except....what the hell to do with the cash? My bank is paying less than 1% in a savings account. Interest rates are incredibly low.

I'm not going to re-invest it for awhile, too much uncertainty. I'd be happy to make 3%, but even that seems impossible.

Buy more stocks again. Lock in your gains.

And stop saying you're "not a market timer guy." That's exactly what you're trying to do.

It's March wrote:

texan boi wrote:

Bump.

What exactly are you bumping?

This thread.

Undecided Pennsylvania Voter wrote:

Timmy Treadwell wrote:

So I am not a market timer guy. BUT, I sold off $220,000 worth of mutual funds in January. I felt the economy was overheated, and was worried about the Coronavirus.

OK, so smart decision. Except....what the hell to do with the cash? My bank is paying less than 1% in a savings account. Interest rates are incredibly low.

I'm not going to re-invest it for awhile, too much uncertainty. I'd be happy to make 3%, but even that seems impossible.

Buy more stocks again. Lock in your gains.

And stop saying you're "not a market timer guy." That's exactly what you're trying to do.

Well, I think of market timer guys as playing daily/monthly highs and lows. I hadn't sold anything in 8 years. Did people really think the market was going to go up forever?

Timmy Treadwell wrote:

So I am not a market timer guy. BUT, I sold off $220,000 worth of mutual funds in January. I felt the economy was overheated, and was worried about the Coronavirus.

OK, so smart decision. Except....what the hell to do with the cash? My bank is paying less than 1% in a savings account. Interest rates are incredibly low.

I'm not going to re-invest it for awhile, too much uncertainty. I'd be happy to make 3%, but even that seems impossible.

Buy oil futures.

Timmy Treadwell wrote:

Well, I think of market timer guys as playing daily/monthly highs and lows. I hadn't sold anything in 8 years. Did people really think the market was going to go up forever?

It would have kept going up if not for the virus. So either you got lucky or you correctly predicted a mutation in Wuhan China would cause a crash. Either way lock in your win and buy stocks again.

Sally Vix wrote:

Up close to 400 already today. Warmer weather going to wipe out this phony pandemic. Will be but a memory by July.

If the pandemic is phony, why does it need warmer weather to wipe it out?

And if job freezes get implemented in the meantime because of downturn in travel and people going out, won't that financial action keep the Dow from springing back?

Bad Wigins wrote:

The thing is, it opened way up because the futures traders put it there between sessions.

So this time, the futures fiends set it down 2% because Asia (which went down because virus) and then kept it at down 2 even though Europe went up (because UK rate cut).

So the US herd wakes up wondering which direction to stampede today, sees down 2 and off they go.

It's horrible to see. Every time it goes up, it's for something real - rate cut, good earnings reports, etc. Every time something goes down, it's virus, virus, virus. Only recent exception is cheap oil, like that should hurt anything but the energy sector which was already in the dumps.

Get a grip fools, you're burning down the house for scary headlines!

X-Runner wrote:

Sally Vix wrote:

Up close to 400 already today. Warmer weather going to wipe out this phony pandemic. Will be but a memory by July.

If the pandemic is phony, why does it need warmer weather to wipe it out?

And if job freezes get implemented in the meantime because of downturn in travel and people going out, won't that financial action keep the Dow from springing back?

The mainstream media is doing whatever they can to heighten the fears of everyone to damage the re-election chances of President Trump. There are how many cases in the US? 1000? There have been 34 MILLION cases of the flu since the beginning of the year. Last year 80,000 Americans died from the flu. So far this is a nothingburger. It can get worse, definitely, but the media is really screwing things up.

Sally Vix wrote:

Up close to 400 already today. Warmer weather going to wipe out this phony pandemic. Will be but a memory by July.

This post didn't age well...and it's only been one day.

As of 3:37 Eastern on March 11, the Dow is down 5.61% (-1,404.35).

Fixed it for you.

Sally Vix wrote:

It will get worse, definitely, but that isn't the fault of the media.