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One of my favorite quotes of all time, when someone asked JP Morgan what the market was going to do next, he said, "It will fluctuate."

At the moment (2:03 EST) the rally seems to be holding pretty good... for today.  The DOW is up 786 points.  I'm interested to see how the last hour of trading goes.

I'm still holding out on any significant new positions until probably next week.  I would like to see a couple of more days with a move towards the upside with some stability.

(03-04-2020, 03:11 PM)jagibelieve Wrote: [ -> ]At the moment (2:03 EST) the rally seems to be holding pretty good... for today.  The DOW is up 786 points.  I'm interested to see how the last hour of trading goes.

I'm still holding out on any significant new positions until probably next week.  I would like to see a couple of more days with a move towards the upside with some stability.

You may want to add a "second hand" to your time references since the market seems to change by the second and not the minute anymore.

We're at 850 at the current time of 2:24:57 pm

(03-04-2020, 03:25 PM)HURRICANE!!! Wrote: [ -> ]

(03-04-2020, 03:11 PM)jagibelieve Wrote: [ -> ]At the moment (2:03 EST) the rally seems to be holding pretty good... for today.  The DOW is up 786 points.  I'm interested to see how the last hour of trading goes.

I'm still holding out on any significant new positions until probably next week.  I would like to see a couple of more days with a move towards the upside with some stability.

You may want to add a "second hand" to your time references since the market seems to change by the second and not the minute anymore.

We're at 850 at the current time of 2:24:57 pm

LOL.  Yes that's the way the market has been over the last couple of days.  At 2:28:50 it's at 871.  As I said before, the last hour of trading will be the telling one.  That's when a lot of the institutional trades happen (think mutual funds).

(03-04-2020, 03:48 PM)jagibelieve Wrote: [ -> ]

(03-04-2020, 03:25 PM)HURRICANE!!! Wrote: [ -> ]You may want to add a "second hand" to your time references since the market seems to change by the second and not the minute anymore.

We're at 850 at the current time of 2:24:57 pm

LOL.  Yes that's the way the market has been over the last couple of days.  At 2:28:50 it's at 871.  As I said before, the last hour of trading will be the telling one.  That's when a lot of the institutional trades happen (think mutual funds).

Sounds like the market is as happy as I am that Bernie the socialist got a beatdown. Looks like Coronavirus wasn’t the only reason for the drop last week.

(03-04-2020, 11:20 PM)HandsomeRob86 Wrote: [ -> ]

(03-04-2020, 03:48 PM)jagibelieve Wrote: [ -> ]LOL.  Yes that's the way the market has been over the last couple of days.  At 2:28:50 it's at 871.  As I said before, the last hour of trading will be the telling one.  That's when a lot of the institutional trades happen (think mutual funds).

Sounds like the market is as happy as I am that Bernie the socialist got a beatdown. Looks like Coronavirus wasn’t the only reason for the drop last week.

I'm surprised Bernie doesnt have a "Nationalize the Stock Market" plank in platform.

(03-05-2020, 08:16 AM)flsprtsgod Wrote: [ -> ]

(03-04-2020, 11:20 PM)HandsomeRob86 Wrote: [ -> ]Sounds like the market is as happy as I am that Bernie the socialist got a beatdown. Looks like Coronavirus wasn’t the only reason for the drop last week.

I'm surprised Bernie doesnt have a "Nationalize the Stock Market" plank in platform.

Well, he's coming pretty close with his proposed financial transactions tax.  Yet another reason I would never ever ever vote for Bernie Sanders.

I understand why people in debt, especially onerous student loan debt, along with rising housing costs are drawn to Bernie’s message. I get it, I really do. What bothers me is they don’t bother to look beyond the promises and attempt to understand how it would stifle the economic engine that produces the wealth they so desperately want redistributed.

Bernie refuses to acknowledge the trillions upon trillions of dollars it would require to accomplish his egalitarian nightmare. When pressed, he equivocates with statements such as, “How much time do you have?” Even more, he speaks of his plans as if the economic goose would continue to lay golden eggs despite his ideas of heavy taxation and ridiculous regulation. And few of his followers can be bothered to ponder such questions. Not when there’s wealthy ‘awligawrks’ to tar and feather.

Bernie's supporters don't understand where wealth comes from. They think that for every dollar someone earns, someone else earns a dollar less. They think the economy is a zero-sum enterprise. They don't understand that wealth is not taken, it's created. Bernie likes to say if someone has a billion dollars, it's immoral. Most billionaires got where they are by creating products that people want and employing thousands of people to make those products. They didn't cheat anybody.

Bernie likes to say billionaires shouldn't exist, but in my opinion, we need more billionaires, not fewer. The existence of billionaires is indicative of economic growth and job creation.

Moderates like me are often accused of being non-ideological, but actually moderates like me have a very strong ideology. I am very strongly in favor of a somewhat regulated capitalism and would never ever vote for a socialist or someone who demonizes wall street and successful people.

I just breathed a sign of relief when I clicked on my market link and saw the Dow was only down 500 points, a 350 point improvement from the 10:00am number

THIS MARKET IS SO [BLEEP] UP., I recall only recently when I'd be alarmed at a 300 point drop !!!

(03-05-2020, 12:23 PM)HURRICANE!!! Wrote: [ -> ]I just breathed a sign of relief when I clicked on my market link and saw the Dow was only down 500 points, a 350 point improvement from the 10:00am number

THIS MARKET IS SO [BLEEP] UP.,  I recall only recently when I'd be alarmed at a 300 point drop !!!

When do you think cruise line stock will hit rock bottom? I'm hankering to buy some!

No kidding.  Carnival went from $52 to $27  definitely a good opportunity as i think it will still sink below $20 (pun intended).

Something tells me we'll be riding this out through March 31 and the rebound will begin to occur at the change on the calendar to April (Q2) .   Something tells me that CFOs will be utilizing Q1 to get all of the skeletons out of the closet and even go so far perhaps to accrue expenses to the Q1 books to make Q2 and the rest of the year look good.  At this point, most people aren't going to question tanking the books in Q1.

(03-05-2020, 01:54 PM)HURRICANE!!! Wrote: [ -> ]No kidding.  Carnival went from $52 to $27  definitely a good opportunity as i think it will still sink below $20 (pun intended).

Something tells me we'll be riding this out through March 31 and the rebound will begin to occur at the change on the calendar to April (Q2) .   Something tells me that CFOs will be utilizing Q1 to get all of the skeletons out of the closet and even go so far perhaps to accrue expenses to the Q1 books to make Q2 and the rest of the year look good.  At this point, most people aren't going to question tanking the books in Q1.

14% decline today alone!

(03-05-2020, 12:27 PM)StroudCrowd1 Wrote: [ -> ]

(03-05-2020, 12:23 PM)HURRICANE!!! Wrote: [ -> ]I just breathed a sign of relief when I clicked on my market link and saw the Dow was only down 500 points, a 350 point improvement from the 10:00am number

THIS MARKET IS SO [BLEEP] UP.,  I recall only recently when I'd be alarmed at a 300 point drop !!!

When do you think cruise line stock will hit rock bottom? I'm hankering to buy some!

Buying a cruise-line stock is a terrible idea... unless you are in for a really long term.  If you buy in now you will lose money.  I would look more towards a sector that will rebound quicker and yield better returns.  Technology and perhaps real estate look pretty good right now, especially with lower interest rates.  Anything in the "consumer discretionary" sector (ie. cruise lines) is not a very good buying opportunity.

It's your money do with it what you want, but buying into a cruise line (in my opinion) is a very bad move.

(03-05-2020, 01:54 PM)HURRICANE!!! Wrote: [ -> ]No kidding.  Carnival went from $52 to $27  definitely a good opportunity as i think it will still sink below $20 (pun intended).

Something tells me we'll be riding this out through March 31 and the rebound will begin to occur at the change on the calendar to April (Q2) .   Something tells me that CFOs will be utilizing Q1 to get all of the skeletons out of the closet and even go so far perhaps to accrue expenses to the Q1 books to make Q2 and the rest of the year look good.  At this point, most people aren't going to question tanking the books in Q1.

I'll point you to one word.  EARNINGS.  As I told SC below, if you think buying into something like this will be a good thing, you better be in for the long term.

Up a thousand, down a thousand, up a thousand, down a thousand. Predicting what the market is going to do on a day to day basis is impossible. If you could do that even 51% of the time, Goldman Sachs would pay you a million dollars a year. It's not possible.

(03-06-2020, 09:58 AM)The Real Marty Wrote: [ -> ]Up a thousand, down a thousand, up a thousand, down a thousand.   Predicting what the market is going to do on a day to day basis is impossible.  If you could do that even 51% of the time, Goldman Sachs would pay you a million dollars a year.  It's not possible.

Not slowing down some around here.

The Lucent Stock holders may have taken a big hit back in 2000 when their shares went from $86 to $2 but right now they are smiling as their stock went from $3.14 to $3.48 over the past month.

(03-06-2020, 02:03 PM)Senor Fantastico Wrote: [ -> ]

(03-06-2020, 09:58 AM)The Real Marty Wrote: [ -> ]Up a thousand, down a thousand, up a thousand, down a thousand.   Predicting what the market is going to do on a day to day basis is impossible.  If you could do that even 51% of the time, Goldman Sachs would pay you a million dollars a year.  It's not possible.

Not slowing down some around here.

Haha, I know.  They just keep going, don't they?

Bloodbath incoming.

Thanks Trump