BTW the market didn't go up yesterday because of Bernie/Biden news or good virus news. It went up because the fed indicated they would be proactive if covid19 started to hit the US economy hard. We could very well see negative interest rates if that happens.
There are still stocks that will do well in this period. I mentioned last week that if the virus hits hard Amazon should do well in my opinion. I own about 20,000 ADRs of a chinese company that is similar to Amazon and is big in home delivery. With the chinese economy tanking they are up almost 20% in the last month.
You can't push a rope.
Don't think that rate cuts are going to do much to spur demand that isn't there. Fed didn't push then negative last time, and will probably do a round of QE before that, IMO.
A lot will depend on how much China bounces back. A lot of business press indicates a re-thinking of supply chains. Good time to invest in Vietnam. The rest of Asia will benefit a lot.
That's gonna do well.
consumers tend to stick to online shopping after they switch to it, because of the convenience. This will see a shift in behavior in lot of places if that holds true.
Time to short brick and mortar retailers.
FWIW, I take a lot of walks when I travel for work, and often the companies I audit are close to big box stores, so I get to see a lot of different places.
Stopped into a Burlington Coat Factory in Abilene. That company is a goner, IMO, if the store I looked at was representative. Looked over their financials, and have to wonder at how they are making it work.
world-wide recession will not help. Thanks again, I was wondering why gold was being pummeled.
Meanwhile, Palladium is kicking ass. I bought a bunch of one ounce 1989 Ballerina proofs a long time ago for $225 each. I think I'm finally gonna sell them this month.
fed cuts rates in an emergency session. damn the economic cataclysm must be ing brutal for them to do this so quickly.
Its a golden time to refinance. How ling does it take for mortgage rates to catch up to the rate cut??
damn stock still falling
When’s the last time the Fed the rate 50 basis points and the market reacted by dropping 900 points?
no and glad I didnt
mortgage/refi rates actually went up this past week, like wtf
GLD (gold etf) up 3% today
https://finance.yahoo.com/quote/GLD/
the spread was a big part of how BigFinance got bailed out in 2009. Effectively free money the Fed that was lent out at much higher rates.
Wheee. End of week guesses?
Market close Friday at... (uses random.org-no relation- to pick a random number between 20000 and 30000...
Random Integer Generator
Here are your random numbers:
29013
Timestamp: 2020-03-03 21:01:34 UTC
No. My gut says more like 24000. That feels truthy.
I think the market was anticipating quan ative easing and not just a rate cut.
the market is probably expecting a blowjob as well at this point tbqh
looks like its gonna be a blood n the streets day today.
Up 4% yesterday... down 2.5% within an hour of open...
The stock market - in the past two weeks-
has been more battered and bruised than any of Trumps rape victims!
Why are random and hater only showing up when stocks are down?
Quit pretending you understand how stocks relate to the economy
Gold finally doing it’s thing.
How do they relate to the economy, Mitch?Why are random and hater only showing up when stocks are down?
Quit pretending you understand how stocks relate to the economy
called it
ouch!
How deep do you want to go into it? Random and hater have knee jerk reactions when the numbers tumble. Does that mean the economy is tanking or what?
Stocks tank and explode during times on uncertainty, like elections or this pandemic. It's an ongoing speculation of who is going to suffer and who profits, a bad week means nothing but trends do.
Unless you see stocks in terms of trends for each sector, you're just acting like a day trader.
I'm far from an expert, I don't claim an economics degree but I don't panic or in hater & ramdom's case celebrate, over a dow index showing scary red numbers.
It's generally advisable not to get too excited about one day tallies, but the last two weeks have been unusually roller-coasterish. Last time we saw volatility like this was the end of 2018.
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