Today Market

Elt1 · March 12, 2020, 10:00pm

It may be early. But Ruger is the only stock I watch that went up today.

hanera · March 12, 2020, 10:11pm

@Jil gave his algorithm to Palihapitiya.

Palihapitiya said he thinks the markets still have the worst to come, especially if federal measures don’t come through. “I suspect we’re not near the lows.”

harriet · March 12, 2020, 10:13pm

I bought some more GILD calls today. Sink or swim.

acre · March 12, 2020, 10:16pm

hanera:

I have shutdown my brain. Gave up. I have ignored the possibility of many charts appear to be completing higher degree wave one, thinking economy is strong! But I am wrong, dare not look at the possible retracement - scary - can be quite low. Just go to cash, hunkered at home. As I have said, I have enough food and beverages to last 6-12 months. No more going outside even though no confirmed cases in Austin but could be lurked anywhere about to breakout.

Texas 34 confirmed cases.
11 in San Antonio AFB (Diamond Princess)
16 in Houston area (An Egyptian cruise)
7 Dallas-Ford Worth (imported from California and other state)
I am worry now because Californians keep flying in to Austin, please don’t come.

Having said, bullish divergence in VOO but I think is counter-trend rather than a start of a new rally.

In short, FOCUS is save my ASS (not financially).

So excluding cruise ships the huge state of Texas has…7 cases.
Here in AZ we have 9. But no one is quaking in their boots. One guy at Evil Wally this morning was wearing a mask and buying water and TP. EVERYONE was staring at him.

acre · March 12, 2020, 10:17pm

Everyone wants their new 57. I’m on a waiting list for one.

manch · March 12, 2020, 10:18pm

Trump is good for the stock market. That’s after we rack up trillions of deficit.

acre · March 12, 2020, 10:23pm

Suddenly I’m not feeling so bad about the 1140 feet I had to go down to hit water at my Marana place. The pump goes in Monday-Wednesday. Solar turned out to be $1100 cheaper than running power to it so I’m going that way. 5000 gallons of storage for overcast weather. So if society falls apart I’ve got all the water I need and I can eat prickly pear fruit, mesquite pods and javalina.
TP could be a challenge out there though. Have to just rinse instead of wipe I guess.

harriet · March 13, 2020, 4:07am

I’m starting to think this is worse than the financial meltdown. During the financial meltdown some people still went to work and consumed. Right now everything came to almost a full stop. Even if the US doesn’t become Italy 2.0 (again feel free to @ me when it does), Europe is an utter mess.

manch · March 13, 2020, 4:16am

China is bouncing back already. If Europe can contain it within Italy there is still hope. As for the US…

marcus335 · March 13, 2020, 4:22am

The number keeps increasing.

druid · March 13, 2020, 5:17am

In the green now. Let’s see if it holds tomorrow.

manch · March 13, 2020, 5:23am

We are overdue for some bounces, dead cat or not!

marcus335 · March 13, 2020, 6:11am

That’s a crazy reversal with no news.

pandeyathotmail · March 13, 2020, 8:04am

Anti-Trump hysteria does not have a long life.
Job reports are good. Banks are well capitalized. Enough liquidity.

hanera · March 13, 2020, 1:53pm

STFR

pandeyathotmail · March 13, 2020, 2:13pm

what is STFR?

Jil · March 13, 2020, 2:32pm

Google it “STFR…Short…The”

marcus335 · March 13, 2020, 2:40pm

That’s super bearish.

That’s not going to help short-term.

dioworld · March 13, 2020, 2:44pm

I don’t think anything can help unless the world can start containing this thing, vaccine need to come out faster

marcus335 · March 13, 2020, 2:47pm

I’m wondering when the marker bottoms. It’s hard to have more negative news with al, sports shutdown, travel bans, Disney closed, etc. once we run out of negative headlines that should be near the bottom even if the economy won’t return to normal for awhile.