Dow Over/Under
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March 22nd, 2020 at 6:58:15 PM
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If you were a bookie setting the opening line for the over/under on the Dow closing value for Friday March 27th, what would it be?
I say 17200
I say 17200
It’s all about making that GTA
March 22nd, 2020 at 7:18:36 PM
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Quote: Ace2If you were a bookie setting the opening line for the over/under on the Dow closing value for Friday March 27th, what would it be?
I say 17200
My guess is it goes below that figure during the week, but closes above it on Friday.
March 22nd, 2020 at 8:47:49 PM
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Over if the stimulus package passes.
March 22nd, 2020 at 8:50:18 PM
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They need to ban shorts for the foreseeable future.
The older I get, the better I recall things that never happened
March 22nd, 2020 at 9:01:57 PM
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Covid19 is just going to get worse and worse the entire week and the numbers of deaths and sicknesses I expect to be shocking, so I'm optimistic I'll be pessimistic. I'm hoping I'm not one of either, but have to wait a week to see if somehow I was spared.
I am a robot.
March 22nd, 2020 at 9:42:30 PM
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Idealists Dems just ensured that the DOW crashes very hard tomorrow.
I wonder how many dems still feel that open borders is a good idea? LOL!
I wonder how many pretentious snobs still feel that closing the borders is racist and xenophobic?
I wonder how many dems still feel that open borders is a good idea? LOL!
I wonder how many pretentious snobs still feel that closing the borders is racist and xenophobic?
March 22nd, 2020 at 9:45:07 PM
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Quote: VegasriderOver if the stimulus package passes.
Not sure. I think everyone knows something will get passed. It should be priced in. Maybe a short lived spike right after the announcement.
March 22nd, 2020 at 9:51:25 PM
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The deal failed. It didn't pass. Pelosi just finished off the markets.
March 22nd, 2020 at 10:03:00 PM
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Quote: KeyserThe deal failed. It didn't pass. Pelosi just finished off the markets.
We will get through this.
I am a robot.
March 22nd, 2020 at 10:04:17 PM
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link please.Quote: KeyserThe deal failed. It didn't pass. Pelosi just finished off the markets.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
March 22nd, 2020 at 10:23:00 PM
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Quote: KeyserThe deal failed. It didn't pass. Pelosi just finished off the markets.
It will get passed. They know they have to do something
March 23rd, 2020 at 8:07:06 AM
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This thread went off the rails quickly.
March 23rd, 2020 at 8:09:45 AM
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Quote: KeyserIdealists Dems just ensured that the DOW crashes very hard tomorrow.
I wonder how many dems still feel that open borders is a good idea? LOL!
I wonder how many pretentious snobs still feel that closing the borders is racist and xenophobic?
Quote: KeyserThe deal failed. It didn't pass. Pelosi just finished off the markets.
Multiple political posts. 3 day suspension.
If the House lost every hand, they wouldn't deal the game.
March 23rd, 2020 at 8:16:17 AM
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I am guessing it will close Friday around 17,800.
At my age, a "Life In Prison" sentence is not much of a deterrent.
March 23rd, 2020 at 8:30:15 AM
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I think Friday close will be around 16,500.
If the House lost every hand, they wouldn't deal the game.
March 23rd, 2020 at 8:45:14 AM
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@18000 in answer to OP
IIRC the worst ever, 1929 dow high to 1932 dow low, was a drop of 83%, if that % happens again* we'll go down to about 5000 dow
I'm willing to make a large wager that we won't see that this time [might see 50% though]. Would I wager that we won't see 5 digits go to 4 digits? Yes, but not such a big wager
50% down will be around 14,500
* PS: I mean eventually, not friday
IIRC the worst ever, 1929 dow high to 1932 dow low, was a drop of 83%, if that % happens again* we'll go down to about 5000 dow
I'm willing to make a large wager that we won't see that this time [might see 50% though]. Would I wager that we won't see 5 digits go to 4 digits? Yes, but not such a big wager
50% down will be around 14,500
* PS: I mean eventually, not friday
the next time Dame Fortune toys with your heart, your soul and your wallet, raise your glass and praise her thus: “Thanks for nothing, you cold-hearted, evil, damnable, nefarious, low-life, malicious monster from Hell!” She is, after all, stone deaf. ... Arnold Snyder
March 23rd, 2020 at 1:00:31 PM
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If I liquidate all my positions it will be well over 2000.
If not, it will be below 1000.
If not, it will be below 1000.
March 23rd, 2020 at 1:04:10 PM
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1 Bitcoin equals
6,281.26 United States Dollar
UP 7.24 % in the last 24hrs.
6,281.26 United States Dollar
UP 7.24 % in the last 24hrs.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
March 23rd, 2020 at 1:58:44 PM
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There's a ton of support where the market bottomed out today - Nov16 territory. the low 18,000s are going to be very hard for the market to break through from a technical standpoint. Factor in fundamentals and outside/political influences and I'd take the over on a weekly close in the 17s. Other than minor support in the 14s and again in the 11s, it's a pretty straight shot down from 18200ish to 6000ish (down to 2008/2009 lows). So here's hoping the support at 18200 holds and/or that fundamental traders win out in the coming weeks.
"So as the clock ticked and the day passed, opportunity met preparation, and luck happened." - Maurice Clarett
March 23rd, 2020 at 2:35:28 PM
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Quote: HullabalooIf I liquidate all my positions it will be well over 2000.
If not, it will be below 1000.
Please liquidate 😉
March 23rd, 2020 at 10:09:15 PM
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Today wasn’t so bad, especially since it was predicted to be an ugly Monday. Futures for tomorrow are up.
This is the first sign of any stability in my view. If we could just stay somewhat flat for a couple more days it could be significant.
I think there’s at least more news/sentiment of balancing the virus containment with a functioning economy. More leaders acknowledging we can’t just let the economy implode.
This is the first sign of any stability in my view. If we could just stay somewhat flat for a couple more days it could be significant.
I think there’s at least more news/sentiment of balancing the virus containment with a functioning economy. More leaders acknowledging we can’t just let the economy implode.
Last edited by: Ace2 on Mar 23, 2020
It’s all about making that GTA
March 24th, 2020 at 5:19:53 AM
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Yes today is shaping up to be a good day for the markets. Overnight trading has markets up significantly. Problem is they can move 500 hundred points in an hour so who knows where things will be by the end of the day. This is turning out to be the worst week and getting worse for the Covid-19 virus in the USA so the markets should be under pressure near the end of this week. Until we get some good news and people back working the markets will have more down days than up.
50-50-90 Rule: Anytime you have a 50-50 chance of getting something right, there is a 90% probability you'll get it wrong
March 24th, 2020 at 8:17:04 AM
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Bitcoin equals
6,546.51 United States Dollar
6,546.51 United States Dollar
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
March 24th, 2020 at 8:23:35 AM
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Quote: AxelWolfBitcoin equals
6,546.51 United States Dollar
Gonna be a million soon. I've changed my tune, but I'd be personally scared. It can drop $1000 in 5 minutes. Then back up $2000 in 2, then flat for a week.
I am a robot.
March 24th, 2020 at 9:37:13 AM
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Quote: onenickelmiracleGonna be a million soon. I've changed my tune, but I'd be personally scared. It can drop $1000 in 5 minutes. Then back up $2000 in 2, then flat for a week.
....and I'm in. Awesome video game. Don't know how to play but it's going up.
I am a robot.
March 24th, 2020 at 1:12:59 PM
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more like pinball.Quote: onenickelmiracle....and I'm in. Awesome video game. Don't know how to play but it's going up.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
March 24th, 2020 at 2:01:58 PM
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Single highest gain in 89 years, went over 2100.
March 24th, 2020 at 2:07:30 PM
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Quote: VegasriderSingle highest gain in 89 years, went over 2100.
I think this is the 3rd or 4th ~1,000 point Dow gain since this clusterflunk of a virus hit us. Each time, the next day, the Dow has cratered.
It's all about follow up. Tomorrow.
In any event....nice day. I bottom fed on some casino stocks the past few days.
Hoping for better times.
March 24th, 2020 at 10:33:22 PM
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Just in case you were feeling good about today’s huge gain...
Here is a list of the twenty largest single day Dow percentage gains. Every one of them is in 1929, 1930s, 1987, 2008 or 2020. Apparently 10% gains are reserved for the Great Depression and a couple other record crashes
https://en.m.wikipedia.org/wiki/List_of_largest_daily_changes_in_the_Dow_Jones_Industrial_Average
Here is a list of the twenty largest single day Dow percentage gains. Every one of them is in 1929, 1930s, 1987, 2008 or 2020. Apparently 10% gains are reserved for the Great Depression and a couple other record crashes
https://en.m.wikipedia.org/wiki/List_of_largest_daily_changes_in_the_Dow_Jones_Industrial_Average
It’s all about making that GTA
March 24th, 2020 at 11:04:11 PM
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ATT has never cut or missed a dividend. At today's price, its yielding about 7.5%. I'm pretty sure I'm a buyer tomorrow. Just not sure how much, yet.
The sad thing is that even after this thirty percent drop, I'm not finding many bargains. Tesla looks good, but
I think it will fall some more.
The sad thing is that even after this thirty percent drop, I'm not finding many bargains. Tesla looks good, but
I think it will fall some more.
The older I get, the better I recall things that never happened
March 25th, 2020 at 1:46:22 AM
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I strongly disagree. I reckon this is a perfectly defined dead cat bounce. It's what I've been waiting for. Selling into it with a view to going long when we are down about 15% from the recent low.Quote: Ace2Today wasn’t so bad, especially since it was predicted to be an ugly Monday. Futures for tomorrow are up.
This is the first sign of any stability in my view. If we could just stay somewhat flat for a couple more days it could be significant.
I think there’s at least more news/sentiment of balancing the virus containment with a functioning economy. More leaders acknowledging we can’t just let the economy implode.
Psalm 25:16
Turn to me and be gracious to me, for I am lonely and afflicted.
Proverbs 18:2
A fool finds no satisfaction in trying to understand, for he would rather express his own opinion.
March 25th, 2020 at 5:37:46 AM
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Dow set to open down 100-200 today. If it ends that way I'd call it a big WIN.
I've been following TSLA very closely over the past few months. I owned 61 shares; 11 were from Solar City. So when it hit around 940 I sold those 11 shares. My cost average on those 11 shares was just over $800 so it seemed like it felt good to lock in the small profit, as for quite a while it was a big loss! Anyway, when I was high on the hog before this crash, I promised wife that "when" TSLA hit 1000 I'd buy her a pair of stupid expensive shoes. I thought it was going to be $1000, but she informed me it would more likely be $1400! I said a deal is a deal. She is still barefoot.
Anyway, I expect TSLA to climb back faster than other stocks. Since it's climb was based solely on speculation anyway, it won't need outstanding hard numbers to become a favorite again. It's around 500. I wouldn't be stunned to see it at 1000 before this time next year.
I've been following TSLA very closely over the past few months. I owned 61 shares; 11 were from Solar City. So when it hit around 940 I sold those 11 shares. My cost average on those 11 shares was just over $800 so it seemed like it felt good to lock in the small profit, as for quite a while it was a big loss! Anyway, when I was high on the hog before this crash, I promised wife that "when" TSLA hit 1000 I'd buy her a pair of stupid expensive shoes. I thought it was going to be $1000, but she informed me it would more likely be $1400! I said a deal is a deal. She is still barefoot.
Anyway, I expect TSLA to climb back faster than other stocks. Since it's climb was based solely on speculation anyway, it won't need outstanding hard numbers to become a favorite again. It's around 500. I wouldn't be stunned to see it at 1000 before this time next year.
