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I know no one knows, but what are yall opinions about the market?

Posted on 6/11/20 at 7:59 am
Posted by Tigerb869
Member since Feb 2017
307 posts
Posted on 6/11/20 at 7:59 am
I know no one knows, but what are yall opinions about the market? I think it is just a correction but the rising covid cases and all the other BS certainly will not help the situation.
This post was edited on 6/11/20 at 2:28 pm
Posted by notiger1997
Metairie
Member since May 2009
58277 posts
Posted on 6/11/20 at 7:59 am to
quote:

but the rising covid cases
Posted by Tigers4life
The great US of A
Member since May 2004
1865 posts
Posted on 6/11/20 at 8:01 am to
My guess is 2960s on the sp500. That would be roughly 9-10%.

Correction; thinking 2640-2870 now but never know
This post was edited on 6/12/20 at 7:40 am
Posted by amusedmuse
Baton Rouge
Member since May 2020
48 posts
Posted on 6/11/20 at 8:31 am to
I sold off my short-term stocks on Monday because I felt weird about how well it was going. I will ride out my long-term and pick up some deals with my short-term gains.
Posted by bayoumuscle21
St. George
Member since Jan 2012
4642 posts
Posted on 6/11/20 at 10:21 am to
quote:

rising covid cases


Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
69377 posts
Posted on 6/11/20 at 10:29 am to
The media is trying to start the “second wave” bs. It is not true


Some states are seeing spikes

But the National positivity rate was at a record low yesterday.
Posted by Tigers4life
The great US of A
Member since May 2004
1865 posts
Posted on 6/11/20 at 11:18 am to
Should bounce near here
Posted by NC_Tigah
Carolinas
Member since Sep 2003
124200 posts
Posted on 6/11/20 at 12:00 pm to
quote:

I know no one knows, but what are yall opinions about the market? I think it is just a correction but the rising covid cases and all the other BS certainly will not help the situation.
IMO if we are >3200 & >27K rolling into September, we'll be doing well. But those valuations at present were inexplicably high.

It's anybody's guess, but I'd expect we'll undulate in a trading range, maybe 2600-3200ish, through the summer.

I expect we'll churn various STCG plays until the market breaks out.
Buy the rumor, sell the news (?early July?) in healthcare (e.g., MRNA, REGN).
We'll settle into some safe dividend stock positions to hold at least through the summer.
Posted by JLivermore
Wendover
Member since Dec 2015
1425 posts
Posted on 6/11/20 at 4:38 pm to
Did not like how Powell set the GDP bar so high for next year. Would rather set the bar lower and beat the number.
This post was edited on 6/11/20 at 4:39 pm
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