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re: Stock market predictions 3/20-11/3
Posted on 3/21/20 at 1:41 am to FlexDawg
Posted on 3/21/20 at 1:41 am to FlexDawg
quote:
Give your month by month predictions or however you want to do it.
Let’s see who can get the closest.
It's an absolute crapshoot at this point.
With the violent swings in both directions this past week, it may start to settle at its current level. The VIX has been nuts, so who knows. Throw a presidential election with the Senate in play? It might hold at its current level until election day.
1
Posted on 3/21/20 at 4:06 am to TerryDawg03
It's not a crapshoot. It's far from a crapshoot. SPX closed near it's weekly low taking out the low from 12/18 and closed below it. SPY made new lows in the PM and closed at the low of the week. It's telling you something. You should listen.
I expect S&P futures to be lock limit down Sunday night before midnight.
I expect S&P futures to be lock limit down Sunday night before midnight.
Posted on 3/21/20 at 5:33 am to FlexDawg
We will be at 15,000 by the end of the year.
Posted on 3/21/20 at 7:13 am to Skeezer
I honestly don't know.
If more positive stuff comes out about hcq to help prevent infections, and if it helps cute infections, this stock market could recover quickly.
However world wide this has done damage to economies.
Getting a handle on this at this point would be helpful.
Long story short, it would be a big boost short term if these treatments work. Long term unknown.
If more positive stuff comes out about hcq to help prevent infections, and if it helps cute infections, this stock market could recover quickly.
However world wide this has done damage to economies.
Getting a handle on this at this point would be helpful.
Long story short, it would be a big boost short term if these treatments work. Long term unknown.
Posted on 3/21/20 at 12:21 pm to Threelot
quote:
It's not a crapshoot. It's far from a crapshoot. SPX closed near it's weekly low taking out the low from 12/18 and closed below it. SPY made new lows in the PM and closed at the low of the week. It's telling you something. You should listen.
I expect S&P futures to be lock limit down Sunday night before midnight.
Guessing where the markets will be in November is an absolute crapshoot right now.
Guessing where they’ll be Monday? You’re right. Check the futures.
Posted on 3/22/20 at 8:31 pm to Threelot
quote:
I expect S&P futures to be lock limit down Sunday night before midnight.
I was off slightly. Took 4 minutes after the open. Bounced since then, to trap more longs.
I'm not a social media guy. I'm an LSU fan, with an interest in politics and the markets...and military stuff, which I still do for a living. Infrequently I come around here to see what people are thinking. Never seen group think like this bunch. Some of you people are completely detached from reality.
This market just bitche slapped you. And it's about to sodomize you. Take a look at a chart of the SPX and compare it to any cataclysmic event we've had in our history. What do you see? I see the beginning.
I'll see you again around SPX 1300. By then the US will be leading the world in corona virus deaths. And there's a reason for that to be discussed later. It will be more clear to most of you early November. Heaven forbid you're still long stocks.
Posted on 3/22/20 at 8:37 pm to TerryDawg03
quote:
Guessing where the markets will be in November is an absolute crapshoot right now.
No it's not. I won't put a number on the SPX, just that it will be much lower than it is now.
Posted on 3/22/20 at 8:43 pm to Skeezer
quote:
We will be at 15,000 by the end of the year
Skeezer, I have a Skeeter, so that's close enough for me to like you. There's sanity in your projection.
Posted on 3/22/20 at 8:44 pm to FlexDawg
Hard tank with shelter in place orders...energy consumption is down big time.
Posted on 3/22/20 at 8:47 pm to Redleg Guy
quote:
Bottoms out around mid April after just about every small business goes under (unless the Gov does something big). I’m thinking 15k.
It will slowly go back up this summer but the loss of so many small businesses and resulting super high unemployment will keep it a bear market.
This ^^^^^ seems probable, however if the government does targeted financial assistance for small business and bridges them over this period of lost revenue things could bounce back nicely by 2021. I don’t believe this quasi nationwide lockdown can last more than 6-8 weeks. I don’t think the government can keep all these small businesses afloat much longer than 6-8 weeks while also cutting checks to unemployed Americans.
Posted on 3/22/20 at 8:47 pm to Threelot
I'd love to think everything is great by fall, but I don't see it. People in general and the economy can't tolerate more than two additional weeks of shutdown. But, if we go back to normal, I think the virus becomes a disaster in late summer. Pick your poison. I say Dow 18k in November.
Posted on 3/22/20 at 9:06 pm to Threelot
One more point to be made about the 4 minute limit down of the S&P futures. Historic...it has never happened this fast...EVER. It is screaming at you, people. Listen!
What is happening in the world is real. And it is devastating on so many levels. Open your eyes and protect what gains you have.
I had this conversation with my dad who is 74 at SPX 2800. Said he couldn't afford to sell. Can you afford to sell? We're at 2200 now. How about 1300, or back down to the 09 low at 666? Open your eyes to what's happening. The only fake news I see anyone reading or listening to is what's keeping you long this market right now.
What is happening in the world is real. And it is devastating on so many levels. Open your eyes and protect what gains you have.
I had this conversation with my dad who is 74 at SPX 2800. Said he couldn't afford to sell. Can you afford to sell? We're at 2200 now. How about 1300, or back down to the 09 low at 666? Open your eyes to what's happening. The only fake news I see anyone reading or listening to is what's keeping you long this market right now.
Posted on 3/22/20 at 10:12 pm to Threelot
quote:
And there's a reason for that to be discussed later. It will be more clear to most of you early November.
You sound like someone who calls in to Art Bell. I despise obnoxious people like you who play coy like you’re privy to some big gigantic secret that us plebeians are too simple minded to understand.
No specifics, hiding the ball, doom and gloom, and admittedly short in the market. Literally and figuratively go frick yourself dude.
This post was edited on 3/22/20 at 10:13 pm
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