The Dow is down AKA Stock Market Watch 2020. Update: Pump before the dump.

Sheepinator

Member
Jul 25, 2018
9,468
Daily volume on SPY was the lowest since March 6th.

It's quite something that it's only down 18.5% YTD, despite the country being shut down, new claims 3.3M and probably millions more reporting soon, and GDP forecasts what they are.
 

thefit

Member
Oct 25, 2017
5,007
Market hasn't dealt in reality since they where bailed out. Signaling they are more important than human cost and lives since the great recession and that they are too big to fail has created an alternate universe where there is no consequence they can't be helped out of by the FED and the government and to hell with actual lives. Its an algorithm bubble.
 

Naweednrahman

Member
Oct 29, 2017
83
I don't often look at this thread since I'm based in the U.K. and I work within a global bank. Nevertheless, these index rallies are just mind-numbing and ridiculous.

This is the classic case of seeing who is swimming naked when the tide goes out...
 

Mackaveli

Member
Oct 25, 2017
873
So there's approximately 160 billion to buy on Tuesday March end to rebalance funds etc., There was 7 billion to buy at the close which was the spike in the last 10 minutes.

So plan accordingly. This per Steve Grasso on CNBC.
 

Henry Gale

Member
Oct 27, 2017
828
Theres no way this is over. Things havent gotten bad yet. We are going to be looking at hundreds of thousands if not millions with the virus. People are fooling themselves, this is absolutely a short term gain before the more long term drop begins.
 

prophetvx

Member
Nov 28, 2017
1,689
I don't understand anything. are investors expecting the pandemic to be better in April?
You have the president saying it will.

Most people are stupid. In the coming week, expect another record drop once the news continues to escalate. When people become fearful of buying their groceries, unemployment numbers continue to get far worse and cities continue to get shutdown, eventually the delusion will subside and reality will kick in that this is fundamentally changing our existence for the next 3-6 months at a minimum.
 

plagiarize

Don't touch your face!
Moderator
Oct 25, 2017
11,337
Cape Cod, MA
You've got to figure reality sets in when companies start posting their earnings for the quarter.

But then I thought it'd set in with the unemployment numbers today, so what do I know.
 

MrBob

Member
Oct 25, 2017
3,446
You've got to figure reality sets in when companies start posting their earnings for the quarter.

But then I thought it'd set in with the unemployment numbers today, so what do I know.
Unemployment numbers were the worst kept secret and whisper numbers were at about 3.4 million so today's number wasn't a surprise. Market will move at times on what is considered "not bad" news (versus expectations). Unemployment number would fall into this camp. Plus unemployment is seen as a lagging indicator, since the market expects most of the people who applied will be working again in a month or two.

The stock market over shoots to the downside and to the upside consistently. Until the volitility index calms down the market will make wild swings in both directions. The VIX is implying moves of around 3 to 5 percent each day right now. Market can go down as quick as it came up. Likely quicker as the saying is escalator up and elevator down. But right now the market is running on an elevator going at 100 mph.