2020 Stocks

Discussion in 'Off-Topic' started by mtowncyclone13, Jan 3, 2020.

  1. Cyched

    Cyched Minister of Culture
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    May 8, 2009
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    Read something that said NYC could potentially peak before Gov. Cuomo's optimistic prediction.

    By no means should be taken as gospel, but would be encouraging
     
  2. BCClone

    BCClone Well-Known Member

    Sep 4, 2011
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    Cuomo was saying saturday that it should be end of this week. I think once NY peaks and we have a couple good days, that the market will stabilize some.
     
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  3. Cyched

    Cyched Minister of Culture
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    May 8, 2009
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    The market will float on any good news at this point.

    I'm curious to see what the following weeks & months look like:

    1. There will be lingering effects from the mass unemployment spike.

    2. Things are still shut down for the foreseeable future, and reopening everything will be a gradual phased process.

    A lot to follow in the weeks to come, for sure.
     
  4. cyfan92

    cyfan92 Well-Known Member

    Sep 20, 2011
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    SPX is up 18% from March 22. As long as the fed is dumping liquidity, I'm a net buyer for sure.
     
  5. brianhos

    brianhos Moderator
    Staff Member Bookie SuperFanatic SuperFanatic T2

    Jun 1, 2006
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    Guess I should have gone all in at 19K rather than 1/3rd in.
     
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  6. CycloneDaddy

    CycloneDaddy Well-Known Member

    Sep 24, 2006
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    Yeah wish I would have fully funded the 529 plans at 20k instead of 1/2. Now I need to think/guess when to put the other $7k in.
     
  7. BCClone

    BCClone Well-Known Member

    Sep 4, 2011
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    I was calling 18.6 due to charts retracement. I started a couple days too soon. Need another 2-3% to even out. Too much travel stock.
     
  8. BCClone

    BCClone Well-Known Member

    Sep 4, 2011
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    Hear the cars clicking how far will this coaster drop now.
     
  9. cycloneG

    cycloneG Well-Known Member

    Mar 7, 2007
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    [​IMG]
     
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  10. cyfan92

    cyfan92 Well-Known Member

    Sep 20, 2011
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    What a rocket ship at the end of the day for stocks! Definitely feels like a corner was turned if you listen to Bloomberg and CNBC.

    I'm probably selling tomorrow and then looking for another dip. All eyes on European COVID-19 data in the overnight
     
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  11. SCNCY

    SCNCY Well-Known Member

    Sep 11, 2009
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    I don't see how in a couple months that company earnings weigh down the market a little bit.
     
  12. cyfan92

    cyfan92 Well-Known Member

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    S&P 500 is now only 20% down from all-time highs in Mid-Feb. Was -40% plus only 2 weeks ago
     
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  13. brianhos

    brianhos Moderator
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    Jun 1, 2006
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    Yep, don't understand this at all, we are not going back to business as usual in the next 30 days. And Q2 earnings are going to be horrible.
     
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  14. ArgentCy

    ArgentCy Well-Known Member

    Jan 13, 2010
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    Peak this week and then head down below 18k again. Possibly mid 15 range per several people I follow.
     
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  15. Urbandale2013

    Urbandale2013 Well-Known Member

    Jan 28, 2018
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    What suggests it will get that low? I anticipate this will bounce back faster as a lot of the losses aren’t really losses but more pauses.
     
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  16. BCClone

    BCClone Well-Known Member

    Sep 4, 2011
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    The thing to remember with standard numbers like the dow jones, it has some basic staple stocks like walmart and such that weather this due to the hoarders and such. I have some stock that is a third of where it started before this and some that has came back a good portion. There are still a lot of stocks half of what they were.
     
  17. cyfan92

    cyfan92 Well-Known Member

    Sep 20, 2011
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    If the curve does flatten, at what point do politicians get pressured to open this thing back up?

    This is a massive election year and politicians won't win many votes by keeping people unemployed
     
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  18. BCClone

    BCClone Well-Known Member

    Sep 4, 2011
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    It won't be a complete open up, but a gradual. The businesses that just got shut down....will be the first to open up. The first things to get shuttered (like schools and care centers) will be the last to be back up and going.

    I think you will see the curve flatten and start dropping and then a timeframe of like two weeks out will be set.
     
    • Agree Agree x 1
  19. cyfan92

    cyfan92 Well-Known Member

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    Agree it should be slow. But political pressure I feel will be loud. I'm most worried about a big spike if we do open up and it ruins the summer
     
  20. BCClone

    BCClone Well-Known Member

    Sep 4, 2011
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    There will be something of a spike most likely IMO. we should be better prepared though.
     

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