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Started By
Message
Shocked the market is up.
Posted on 3/30/20 at 10:44 am
Posted on 3/30/20 at 10:44 am
I thought for certain it would be down considering the extended shelter order.
*I am a noob here
7
Posted on 3/30/20 at 10:49 am to ninthward
Algorithms don't care
Posted on 3/30/20 at 10:52 am to ninthward
It's artificial. Kind of hard for it to go down when the Fed keeps firing bazookas at it.
Posted on 3/30/20 at 10:53 am to ninthward
Will go down soon. Being held up artificially for now
Posted on 3/30/20 at 11:01 am to Upperdecker
quote:Eventually you'll be right.
Will go down soon.
Posted on 3/30/20 at 11:03 am to LSURussian
Posted on 3/30/20 at 11:12 am to LSURussian
Posted on 3/30/20 at 11:13 am to LSURussian
quote:
Eventually you'll be right.
Do you not agree this is artificial?
Posted on 3/30/20 at 11:15 am to stout
Define "artificial."
Posted on 3/30/20 at 11:15 am to stout
However “artificial” it is, it’s still the reality we are in right now.
Posted on 3/30/20 at 11:23 am to LSURussian
I’ve been right the whole way man,m
Posted on 3/30/20 at 11:50 am to LSURussian
quote:
Define "artificial."
If I can buy/sell on at these prices I’d say they’re pretty “real”. People obsess over how they feel markets/government policy “should” be. What matters is where we are now and how long that set of rules is going to continue/swing going forward.
Posted on 3/30/20 at 12:27 pm to ninthward
There was no doubt in my mind it was going to drop 10% today based upon the extended order to keep most businesses closed until AT LEAST April 29th. I figured the market had April 14th or so priced in already. I also figured that's why Trump announced it on a Sunday afternoon so very few knew about it on Friday and could get out before it was announced like a few Senators did last month.
I'm not stupid guy but I can honestly say I know nothing about the market anymore..
I'm not stupid guy but I can honestly say I know nothing about the market anymore..
Posted on 3/30/20 at 12:42 pm to Upperdecker
quote:Before you injure your arm patting yourself on the back, on the evening of March 12 when the S&P500 closed at 2,480.64, you wrote...
I’ve been right the whole way man,m
quote:
Down day tomorrow. Panic is setting in.
LINK
The S&P500 closed the next day, March 13, at 2,711.02 or UP 230.38 points, or +9.3%.
On the day you posted "Down day tomorrow" the DowJones30 closed at 21,200.62.
The next day it closed at 23,185.62, UP 1,985 points, or +9.4%.
Those were the biggest UP moves in points by either index IN HISTORY at that time.
Great call!!
You're full of shite.
Posted on 3/30/20 at 12:49 pm to MeTarzanYouInsane
quote:
I'm not stupid guy but I can honestly say I know nothing about the market anymore..
Honestly I'd say even the """professionals""" know nothing. You can look back through headlines for over 10 years and see where the big names were way off - Peter Schiff screaming crash every week, Goldman Sachs saying $200 oil etc.
If anyone really knew anything about what the markets would do - with all their prognosticating and fancy charts, they'd be billionaires by now.
Posted on 3/30/20 at 12:52 pm to LSURussian
quote:
quote:
I’ve been right the whole way man,m
Before you injure your arm patting yourself on the back, on the evening of March 12 when the S&P500 closed at 2,480.64, you wrote...
quote:
Down day tomorrow. Panic is setting in.
LINK
The S&P500 closed the next day, March 13, at 2,711.02 or UP 230.38 points, or +9.3%.
On the day you posted "Down day tomorrow" the DowJones30 closed at 21,200.62.
The next day it closed at 23,185.62, UP 1,985 points, or +9.4%.
Those were the biggest UP moves in points by either index IN HISTORY at that time.
Great call!!
You're full of shite.
Holy shite...the Mad Russian just absolutely MURDERED this dude
The man has a family for god's sake!
Posted on 3/30/20 at 1:04 pm to Boring
Got damn!
Posted on 3/30/20 at 1:08 pm to LSURussian
quote:
LSURussian
Oops.
Posted on 3/30/20 at 1:14 pm to MeTarzanYouInsane
I don't think anyone thought everything would be back to normal by April 14th last week. Certainly not the people who study the market and make all the big decisions. Pretty sure they knew the order would get extended.
Posted on 3/30/20 at 1:15 pm to LSURussian
quote:
LSURussian
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