So what fundamentals were you talking about?Originally Posted by dawg80
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So what fundamentals were you talking about?
Stock market up 1600 points yoday’
Bear market rally. We are 20% off the lows and 22% off the highs from Feb.
Correct! it's all bad news, a "dead cat bounce." I'm telling ya, Goosey, you are right. Dump everything you have, sell! sell! sell! Run for the hills!!!
So what fundamentals were you referring to?
This isn’t a dead cat bounce, though we had a few in the first panic sell phase of this bear.
I was fortunate I had most of holdings for a long time. Some stocks that were trading at $140+/share and recently plunged down to about $110 or so, and now are back at $120....well, my cost average for most of those was in the $50's. I am dumping everything and still more than doubling my money. No, not every equity I hold is that great. But with just a little more uptick I will be in the green across the board and then I'm dumping them. My CPA likes me to have losses mixed in, for tax purposes...to hell with that!
SELL! SELL! SELL!
Trump will be reelected and the market will plunge way below 10,000. Get out now! Run for the hills!
Of course, I am not a licensed financial advisor so do what you want... For me, I am acknowledging that Goosey and johnny, and Champ, and Jubru, and all the others are right about Trump. Run for the hills! Cash out and bury your money in a mayo jar. Oh wait, don't! Sell your house too while you can still get something for it. Pretty soon real estate will tank too.
You have been warned.
So what were you referring to about fundamentals? All I hear you talking about is stock prices.
Why are you asking me? You know everything about everything. Ask yourself.
I told you the fundamentals that I thought were no longer the same.
Well, there ya go!
👍 yes! Keep it up!
Published 1 hour ago
Stocks rally amid signs coronavirus is plateauing
The S&P 500 is fighting to exit its bear market
U.S. equity markets rallied Wednesday amid optimism that hospitalizations related to the COVID-19 pandemic are beginning to plateau in some of the hardest-hit areas of the country.
More
https://www.foxbusiness.com/markets/...s-april-8-2020
Major props and credit where due to Trump and his ADM again!
Published 57 mins ago
Stocks surge as Fed rolls out $2.3T lending program
Russia, Saudi Arabia are discussing a potentially historic oil production cut!
U.S. equity markets surged Thursday morning after the Federal Reserve's plan to provide $2.3 trillion in lending to households and businesses overshadowed a surge in jobless claims.
The Fed's initiative undergirds government efforts to combat fallout from the economic shutdown imposed to curb the spread of the COVID-19 pandemic. Traders were also awaiting the outcome of a virtual meeting between Russia, Saudi Arabia and other key oil players on curbing output to boost prices that cratered amid a price war.
The Dow Jones Industrial Average was up more than 530 points, or 2.26 percent, while the S&P 500 and Nasdaq Composite were higher by 2.2 percent and 1.57 percent, respectively. The benchmark S&P 500 on Wednesday exited its bear market that began on March 12, making it the second shortest in history.
More
https://www.foxbusiness.com/markets/...s-april-9-2020
The Fed is independent. Not run by Trump.
The Courts are supposed to be independent too, but we still label some as conservative and some as liberal. And, as it turns out, they often blindly vote that way.
Props to Trump, ADM and dare I say congress and senate.
Published 57 mins ago
Stocks surge as Fed rolls out $2.3T lending program
Russia, Saudi Arabia are discussing a potentially historic oil production cut
The Fed's initiative undergirds government efforts to combat fallout from the economic shutdown imposed to curb the spread of the COVID-19 pandemic. Traders were also awaiting the outcome of a virtual meeting between Russia, Saudi Arabia and other key oil players on curbing output to boost prices that cratered amid a price war.
More
https://www.foxbusiness.com/markets/...s-april-9-2020
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