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Started By
Message
Was ^DJI 18,200 the bottom of the market?
Posted on 3/24/20 at 11:35 pm
Posted on 3/24/20 at 11:35 pm
Are we done with the selling? Time to start get back in?
7
Posted on 3/24/20 at 11:42 pm to hikingfan
I jumped back in today. We are going to drop again tomorrow since these asshats can’t pass the stimulus bill. But yes now is a good time to get back in. I can’t see it going much lower than it already is.
Posted on 3/24/20 at 11:44 pm to hikingfan
It depends. If people get back to work by Easter, then this could be a bottom. If people are not back to work by Easter, then it will go down further.
The longer people are out of work, the longer the recovery, the higher the potential for a depression.
This is why Trump is saying the "Cure" could be worse than the disease. If the cure causes a depression, then that will definitely be worse than the disease and many people will die of starvation. If the gov't prints enough money so people don't starve, then the US dollar will become worthless. If this happens, then it will be worse than the Great Depression.
The MSM and democrats are playing with fire when the constantly criticize the prez when he says the cure can not be worse than the disease. The longer people do not work, the closer we get to a depression. At some point you have to let people go back to work even if it means risking people catching COVID19 and possibly dying from it. People will also die during a depression.
The longer people are out of work, the longer the recovery, the higher the potential for a depression.
This is why Trump is saying the "Cure" could be worse than the disease. If the cure causes a depression, then that will definitely be worse than the disease and many people will die of starvation. If the gov't prints enough money so people don't starve, then the US dollar will become worthless. If this happens, then it will be worse than the Great Depression.
The MSM and democrats are playing with fire when the constantly criticize the prez when he says the cure can not be worse than the disease. The longer people do not work, the closer we get to a depression. At some point you have to let people go back to work even if it means risking people catching COVID19 and possibly dying from it. People will also die during a depression.
Posted on 3/25/20 at 12:03 am to hikingfan
If the stimulus bill is not passed by the time unemployment numbers are released Thursday we could see another big dip
Posted on 3/25/20 at 12:37 am to hikingfan
No. Q1 earnings coupled with any type of delay back to work after Easter will trigger selling.
Posted on 3/25/20 at 1:41 am to catfish 62
Obviously no one can know with certainty. But it seems safe to expect that bad earnings reports will start to hit on Thursday and the spread of disease with associated deaths will rise over the next 7-21 days before it hopefully plateaus and falls.
So, my guess would be no. I would guess there will be a ton of volatility and eventually a rebound when business is really returning to normal. Employment numbers are something I don't feel comfortable guessing about either and those will obviously affect short term values and potentially middle term profits as well.
So, my guess would be no. I would guess there will be a ton of volatility and eventually a rebound when business is really returning to normal. Employment numbers are something I don't feel comfortable guessing about either and those will obviously affect short term values and potentially middle term profits as well.
Posted on 3/25/20 at 1:55 am to molsusports
I agree the getting back to work sooner thing is important, feel like people are kind of dismissing the virus impact a little early. Market doesn't shoot up 10-11% and just relax during the middle of all this ;) use your noggins
Posted on 3/25/20 at 1:56 am to catfish 62
quote:
Q1 earnings coupled with any type of delay back to work after Easter will trigger selling.
The market is going to buy the hell out of negative Q1 earnings if it gets confidence that this is behind us.
Eta: this also likely follows some multiple expansion over the next month imo
This post was edited on 3/25/20 at 1:57 am
Posted on 3/25/20 at 5:08 am to hikingfan
quote:Looks possible.
Was ^DJI 18,200 the bottom of the market?
quote:Doubt it.
Are we done with the selling?
Many Wall St-types think we'll re-test the lows.
Jobs and earnings numbers will be bad. CV19 numbers will get worse.
While NYC remains the hotspot, markets will be disproportionately affected.
Posted on 3/25/20 at 5:34 am to hikingfan
quote:
DJI 18,200 the bottom of the market
No. This stimulus was like slapping flex-seal on the titanic.
It’ll get worse before it gets better, imho.
Posted on 3/25/20 at 6:19 am to southernelite
quote:
No. This stimulus was like slapping flex-seal on the titanic.
Futures were up about 700 before the vote. Now down about 125. Stimulus was not effective in markets taking off like some on here seem to think. We could retest the lows. This time the Fed is out of newsworthy bullets and the stimulus is already passed. And many of the individual bottom feeders are already in the market from squeeze rallies we have been getting the last few weeks like yesterday.
Posted on 3/25/20 at 7:40 am to hikingfan
quote:
Are we done with the selling? Time to start get back in?
The fact that so many people think so leads me to believe it's not.
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