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AxelWolf
AxelWolf
Joined: Oct 10, 2012
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March 26th, 2020 at 7:02:11 AM permalink
Quote: MDawg

BAC is already up over 3 points, 21.5 or so...you would have lost that bet already.


After a night of partly red futures, we're opening pretty green. Now, just to stay there! As far as individual stocks that I own, we're not quite at the highest levels of the week yet though.

Shorts are getting their shorts handed to them!

BAC PLAY. Think about that for a moment.
♪♪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♪♪
MDawg
MDawg
Joined: Sep 27, 2018
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March 26th, 2020 at 7:52:00 AM permalink
Well, I'm not a sports bettor so...you explain it to me.
I tell you itís wonderful to be here, man. I donít give a damn who wins or loses. Itís just wonderful to be here with you people.
MDawg
MDawg
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Thanks for this post from:
onenickelmiracle
March 26th, 2020 at 9:12:43 AM permalink
So far so good but there is a hesitancy in the market.

What? you say, The Dow is up 12 hunny what hesitancy?

Well, given how far it has dropped, and given that it was up only as much as a few hunny earlier after selling off, this isn't exactly the action we'd want to see to demonstrate a lasting road back to DOW 29K or anywhere close. As what's his name quoted, "You will have to do better than that!" 🤩

If today's DOW closes very very green, and tomorrow closes at least somewhat green, that will be something.

AMZN needs to get back over 2000 too. Once it does, NOW we're talking. Considering that AMZN is mostly online sales (other than say, its Whole Foods sales), I don't see why it dropped so much anyway - a knee jerk unfounded reaction, in my opinion.

Casino stocks are marching back up there today too.
Last edited by: MDawg on Mar 26, 2020
I tell you itís wonderful to be here, man. I donít give a damn who wins or loses. Itís just wonderful to be here with you people.
Suited89
Suited89
Joined: Dec 23, 2019
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March 27th, 2020 at 6:37:55 AM permalink
Do you not know window dressing when you see it?
I do, and the market is doing whats expected of window dressing when it usually happens.

As I said before '73-'75 (-46%) recession, this ones longer term than '08 (-56%). I mean that in the workforce 'nano economics' that flows uphill with dubious consequences for the macro economics. I do remember Nixon's 'wage-price freeze', and capitulation of not owning gold... some of my first direct economic lessons. The Oil shortage was also tossed into the mix as a hammer.

Will there be a paper shortage this time around?
Grocery stores / big-box stores look to be a common infection point.

Suited89
some people need to reimagine their thinking
MDawg
MDawg
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March 27th, 2020 at 8:50:08 AM permalink
Every time there is a correction some think that things will keep going all the way down the toilet. This is the same ridiculous extreme thinking as beliefs that stocks will go straight up, without pause. The truth - is somewhere in between. Which is why I posted yesterday that there seemed to be hesitancy in the market, not a sign of sustained immediate recovery.

As far as individual stocks, some of the stocks I held dropped a LOT more at the end of 2018, and yet within just a few short months were higher than ever. A few DAYS can be an ETERNITY in this stock market, let alone a few weeks, or months. I don't think it will take nearly as long as you think, to recover. And anyway, if you thought we were in for a long, sustained drop, why did you pull the trigger on long term holds already? I would hope that the answer would be - that you may never get the absolute top, or bottom. Waiting around with your hands in your pocket for some arbitrary price point doesn't work.

Or as another has said, "You can't get rich with a weather vane."
I tell you itís wonderful to be here, man. I donít give a damn who wins or loses. Itís just wonderful to be here with you people.
Suited89
Suited89
Joined: Dec 23, 2019
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March 27th, 2020 at 2:53:43 PM permalink
I haven't sold anything since getting stuck with Ford at 4.35.
Many bear markets 'ratchet' lower, I do believe we might be seeing this.

Suited89
some people need to reimagine their thinking
MDawg
MDawg
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March 28th, 2020 at 10:26:43 AM permalink
I didn't do any trades Thursday or Friday. Just watched everything (my long terms) go up one day, down the next.

Let's see how futures open Sunday afternoon.
I tell you itís wonderful to be here, man. I donít give a damn who wins or loses. Itís just wonderful to be here with you people.
onenickelmiracle
onenickelmiracle
Joined: Jan 26, 2012
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March 28th, 2020 at 10:57:32 AM permalink
Quote: MDawg

I didn't do any trades Thursday or Friday. Just watched everything (my long terms) go up one day, down the next.

Let's see how futures open Sunday afternoon.



All I see on YT seems like giant crash coming. You never know, just seems like a lot of negativity.
In the land of the blind, the man with one eye is the care taker. Hold my beer.
MDawg
MDawg
Joined: Sep 27, 2018
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March 28th, 2020 at 11:02:06 AM permalink
Usually though, as soon as people think that something is inevitable, the market reverses course and wipes out those who thought they were betting on a sure thing.

Recessions don't come when everyone expects them, but when you least expect it.
I tell you itís wonderful to be here, man. I donít give a damn who wins or loses. Itís just wonderful to be here with you people.
unJon
unJon
Joined: Jul 1, 2018
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March 28th, 2020 at 11:10:13 AM permalink
Quote: MDawg

Usually though, as soon as people think that something is inevitable, the market reverses course and wipes out those who thought they were betting on a sure thing.

Recessions don't come when everyone expects them, but when you least expect it.



This quarter will have almost surely show a contraction. Will take one of the more optimistic COVID scenarios to avoid a second. Whether or not thatís priced into the market already, I donít know.
The race is not always to the swift, nor the battle to the strong; but that is the way to bet.

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