(03-26-2020, 06:04 AM)The Real Marty Wrote:

(03-25-2020, 03:41 PM)jagibelieve Wrote: I could be wrong, but the job report probably won't be that bad tomorrow because I do believe that much of the data is based on last month.  I'm thinking next month's report is going to look really bad.

EDIT

I was wrong.  The latest news is that the job report isn't going to be pretty.  Combine that with a tweet sent out by Bernie Sanders threatening to hold up the stimulus package passed by the Senate and four republican senators having issues with the relief package expect a down day tomorrow.  It may be my opportunity to make another "step in".  Markets lost an awful lot in the last 10 minutes of trading despite the DOW still ending positive.

I don't think it's wise to base investment decisions on the next day's news, especially because the big players who move the market know tomorrow's news long before you do.

Oh I agree.  The news is just part of what I use to make a decision.  My line of thinking is more along the lines of a few individual stocks that I had my eye on.  I was expecting a down day today and was hoping that I would have an opportunity to get some Boeing stock (I missed my buy target).  I wanted to get in at around $150 but it way overshot that mark.  While it's still probably a good buy right now at around $180 I am going to hold off for now and see what the market overall is going to do.  We are very close to exiting bear market territory (up over 20% off of the lows).

(03-26-2020, 11:55 AM)StroudCrowd1 Wrote: The DOW does not seem to currently care about unemployment.

From what I understand the bad unemployment number was pretty much priced into the market already.  The projected number was as high as over 4 million and the number came in at roughly 3.2 million.

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