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What's the market going to do this week?

Posted on 10/3/21 at 8:59 pm
Posted by ItzMe1972
Member since Dec 2013
9800 posts
Posted on 10/3/21 at 8:59 pm
My crystal ball is fogged up.

Look for some opinions.
Posted by TheWalrus
Member since Dec 2012
40518 posts
Posted on 10/3/21 at 9:05 pm to
Nothing exciting, about flat
Posted by tarzana
TX Hwy 6--Brazos River Backwater
Member since Sep 2015
26161 posts
Posted on 10/3/21 at 9:27 pm to
It'll drop like a rock tomorrow, traders at their desks with their dejected faces in the palms of their hands, and whipsaw the rest of the week.

Tomorrow is the day of crisis in the markets: SELL, SELL, SELL will reverberate from Hong Kong to London to New York and everywhere in between. It'll be brutal.
Posted by xxTIMMYxx
Member since Aug 2019
17562 posts
Posted on 10/3/21 at 9:46 pm to
I’m lost on anything regarding the market
This post was edited on 10/3/21 at 9:47 pm
Posted by xxTIMMYxx
Member since Aug 2019
17562 posts
Posted on 10/4/21 at 9:47 am to
I would stay away from tech. I am making some quick money on EOG, NOG,ESTE, SM, ET, GUSH.

I love TTD. I like looking at stocks like this drop
Posted by xxTIMMYxx
Member since Aug 2019
17562 posts
Posted on 10/4/21 at 9:48 am to
People keep downvoting and they still are holding out as they watch their accounts get absolutely drained
Posted by ellishughtiger
70118
Member since Jul 2004
21135 posts
Posted on 10/4/21 at 9:52 am to
quote:

would stay away from tech.


Tech heavy QQQ has been dropping like a rock lately
Posted by FLObserver
Jacksonville
Member since Nov 2005
14459 posts
Posted on 10/4/21 at 9:54 am to
quote:

they watch their accounts get absolutely drained

Count me in.
I'm done buying the dips for now. Going to wait till we start getting some positive news. By then it looks like all the daily dips will have combined to form a big dip.
Posted by go ta hell ole miss
Member since Jan 2007
13626 posts
Posted on 10/4/21 at 10:09 am to
quote:

It'll drop like a rock tomorrow, traders at their desks with their dejected faces in the palms of their hands, and whipsaw the rest of the week.

Tomorrow is the day of crisis in the markets: SELL, SELL, SELL will reverberate from Hong Kong to London to New York and everywhere in between. It'll be brutal.


Nine downvotes for saying market will be down today. Dow, Russell 2000 and NASDAQ all down between 1 and 2.2% today. Lot of sunshine pumpers.

Posted by SmackoverHawg
Member since Oct 2011
27331 posts
Posted on 10/4/21 at 10:32 am to
quote:

Nine downvotes for saying market will be down today. Dow, Russell 2000 and NASDAQ all down between 1 and 2.2% today. Lot of sunshine pumpers.


I upvoted. No infrastructure deal, debt ceiling deadline, inflation, overpriced market etc. Other than some select plays, not a good time to be throwing money in.

What's the rest of the week going to look like? Are we at the beginning of an overdue correction or will they pull some strings to slow the inevitable?
Posted by lynxcat
Member since Jan 2008
24147 posts
Posted on 10/4/21 at 1:30 pm to
quote:

What's the rest of the week going to look like? Are we at the beginning of an overdue correction or will they pull some strings to slow the inevitable?



I'll continue to DCA into this as I have been for 6 months+...big drops just equate to larger buying opportunities.

For example, why is NVDA down -5.21% today? That seems like tech being over sold with FB as the catalyst.
Posted by CORIMA
LAFAYETTE
Member since May 2014
523 posts
Posted on 10/4/21 at 2:55 pm to
tarzana, you nailed it
Posted by el Gaucho
He/They
Member since Dec 2010
52977 posts
Posted on 10/4/21 at 3:00 pm to
Crash
Posted by LSUcam7
FL
Member since Sep 2016
7904 posts
Posted on 10/4/21 at 3:08 pm to
quote:

watch their accounts get absolutely drained


“Absolutely drained”
Posted by slackster
Houston
Member since Mar 2009
84874 posts
Posted on 10/4/21 at 5:26 pm to
quote:

Nine downvotes for saying market will be down today. Dow, Russell 2000 and NASDAQ all down between 1 and 2.2% today. Lot of sunshine pumpers.



Does a 1.3% move count as dropping like a rock? Is it really a day of crisis?

If you just randomly grabbed a 5-day trading week since 2000, you’d find a 1% move in more than 25% of those 5-day stretches.

If you just randomly grabbed a trading day in the past 25 or so years, about 1/8 will be down 1% or more.

Crisis though, let me tell ya.
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 10/4/21 at 5:29 pm to
quote:

No infrastructure deal, debt ceiling deadline, inflation, overpriced market etc.



so just the same situation we have been in all year,

ok then
Posted by LSUcam7
FL
Member since Sep 2016
7904 posts
Posted on 10/4/21 at 8:36 pm to
Exactly. Politics aren’t helping but it won’t stop American economic growth.

Demand for nearly everything is geared up and +3 TRILLION cash is on the sidelines. Rates across the board still low. I’m glad to deal with a little volatility if it means being an owner in this environment.
Posted by KillTheGophers
Member since Jan 2016
6215 posts
Posted on 10/4/21 at 8:45 pm to
The fraud in China will pop soon.
The high valuations in the US will pop soon.
The fed won’t be able to hold back rates - they already being called out for market manipulation.
Income investors having to take more and more risk for smaller and smaller returns.

The storm front is headed this way.
Posted by LSUcam7
FL
Member since Sep 2016
7904 posts
Posted on 10/4/21 at 8:53 pm to
quote:

The fraud in China will pop soon


Doubt it.

quote:

The high valuations in the US will pop soon


How do you determine high valuation?

quote:

The fed won’t be able to hold back rates


Our 10YR treasurery is 1.5%. Overnight bank loans are still at 0. Rates should move higher. The goal was never to keep rates at zero forever.

quote:

Income investors having to take more and more risk for smaller and smaller returns.


Fact. Unfortunately.

quote:

The storm front is headed this way.


You sell your home when hurricanes come? Or make sure you plan appropriately? Just because you think the world is ending doesn’t mean it’s going to. Institutions have been buying this dip, FYI.
This post was edited on 10/4/21 at 8:55 pm
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 10/5/21 at 11:15 am to
the sooner bears realize that the fed will keep pumping the stock market bc it's a matter of natl security the better off they'll be
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