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Futures hit limit down in less than 10 minutes

Posted on 3/22/20 at 5:16 pm
Posted by Tigers4life
The great US of A
Member since May 2004
1865 posts
Posted on 3/22/20 at 5:16 pm
Loss another 4-5%....this shyt is getting old.
Posted by Huge Richard
Member since Dec 2018
3742 posts
Posted on 3/22/20 at 5:17 pm to
Heard on the radio that the stock market is the transfer of wealth from the uneducated to the educated lol. Basically do the opposite of what everyone else is doing.
This post was edited on 3/22/20 at 5:20 pm
Posted by Dr Rosenrosen
Member since May 2006
3333 posts
Posted on 3/22/20 at 5:18 pm to
No bottom in sight.

I have been buying recently but I have zero confidence at this point.
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
69250 posts
Posted on 3/22/20 at 5:19 pm to
It is ENTIRELY due to the economic relief bill possibly failing due to pelosi antics
Posted by Northwestern tiger
Long Island NY
Member since Oct 2005
23483 posts
Posted on 3/22/20 at 5:20 pm to
I've been shorting bank stocks, JPM and BOA, and making good money.
Will do that tomorrow as well
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 3/22/20 at 5:22 pm to
SOB
O
B
Posted by Lgrnwd
Member since Jan 2018
5213 posts
Posted on 3/22/20 at 5:22 pm to
If congress reaches an agreement on Stimulus package futures could easily turn around and be up huge before open.

We will find out pretty soon I guess
This post was edited on 3/22/20 at 5:23 pm
Posted by Huge Richard
Member since Dec 2018
3742 posts
Posted on 3/22/20 at 5:23 pm to
quote:

making good money.


Sure you have lol
Posted by Lakeboy7
New Orleans
Member since Jul 2011
23965 posts
Posted on 3/22/20 at 5:25 pm to
(no message)
This post was edited on 2/3/21 at 8:06 am
Posted by HailHailtoMichigan!
Mission Viejo, CA
Member since Mar 2012
69250 posts
Posted on 3/22/20 at 5:26 pm to
Why are you laughing?

Dems killing the senate bill is 100% the reason for this

Every single analyst is on twitter right now saying as much
Posted by stewie
Member since Jan 2006
3948 posts
Posted on 3/22/20 at 5:27 pm to
quote:

It is ENTIRELY due to the economic relief bill possibly failing due to pelosi antics



No, while the antics aren’t helping but the fear of a nationwide shut down is looming large as more states enact shelter in place orders.
Posted by Dawgfanman
Member since Jun 2015
22219 posts
Posted on 3/22/20 at 5:27 pm to
These aren’t normal times. No telling where this ends.
Posted by Tigers4life
The great US of A
Member since May 2004
1865 posts
Posted on 3/22/20 at 5:27 pm to
SP500 is getting close to a large consolidation area from back in 2015. Can see it on the monthly chart. We should get huge support there...fingers crossed because I have never seen anything like this before.
Posted by biscuitsngravy
Tejas, north America
Member since Jan 2011
2999 posts
Posted on 3/22/20 at 5:30 pm to
this shouldn't be surprising to anyone. day after day of state lockdowns, increasing cases, the coming of the second great depression, etc etc etc. never a mention of the % of cases that are mild or the number of recoveries.
Posted by Lgrnwd
Member since Jan 2018
5213 posts
Posted on 3/22/20 at 5:32 pm to
Senate bill isn’t officially killed yet. They are supposed to vote at 6:00. If it passes(hasn’t seemed likely), but if it passes we could see a nasty whiplash back the other direction with the futures.

With the way the market traded Friday and the futures opening lock limit down, a huge move up would be the short term “max pain” move. And the market loves to do that.
Posted by Mr.Perfect
Louisiana
Member since Mar 2013
17438 posts
Posted on 3/22/20 at 5:33 pm to
No.


The economic futures are bleak
Posted by Lakeboy7
New Orleans
Member since Jul 2011
23965 posts
Posted on 3/22/20 at 5:38 pm to
(no message)
This post was edited on 2/3/21 at 8:04 am
Posted by Chef Free Gold Bloom
Wherever I’m needed
Member since Dec 2019
1364 posts
Posted on 3/22/20 at 5:43 pm to
quote:

the virus getting WORSE

Fake news
Posted by biscuitsngravy
Tejas, north America
Member since Jan 2011
2999 posts
Posted on 3/22/20 at 5:46 pm to
Only 18 days to hit zero at the current down a 1000 a day clip....
Posted by FMtTXtiger
Member since Oct 2018
3696 posts
Posted on 3/22/20 at 5:48 pm to
Uck. I can’t take this much more
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