I’m going to go on record and call the biggest bull run in history for the next 5 years.
The way investors have been driving the prices back up over the last couple of days knowing full well we are going to have a recession tells me they still want their money in stocks. If they want their money in stocks knowing there is a recession ahead, what are they going to do when the economy gets it’s engine running again? They sure as heck aren’t going to sell stocks. It’s going to be a buyers only market which means a parabolic direction for the stock market.
The market will test lows again over the next few weeks or months. (Tomorrow will be a down day because traders hate being long over weekends when bad news could strike) My guess is the lows ahead will be a higher lows, not lower lows. The market is going to recover quickly and soon.
Actually I think it’s not even a Dividend Aristocrat now
My personal note to myself made a while ago said to compare that list I shared against this one, but I forgot (again, argh!!)
The thing I liked about the other one was sorting by yield, could be helpful in crazy fast times, heh - if only I could remember to implement the friggin idea! (correctly!)
It doesn’t make sense 3 million unemployment benefits and market didn’t drop. I was planning to buy on drop but… Went to sleep instead, I don’t want to take too much risk, but this is my opinion, next week we will see a correction from the 3 day consecutive rally, the dow and spx will erase at least 50 pct of those gains then I don’t know where we are going from there, could be down or up or sideways. Investors will be looking closely at italy numbers, not china numbers. China numbers are idiotically obviously fake.
I’m going to continue to day trade while this environment persists. I’ve got about 10 stocks that I’m playing with right now that swing hard. I think this will persist until Corona cases are declining. Perhaps another month or so. I also think we will test lows again over the next two weeks, or longer.
So day trading for now, then will go long in some of my favorites providing they are priced right, which I expect them to be.
This is like a really entertaining movie/play that never ends, just a bunch of intermissions to sleep
Stocks went up because the unemployment numbers, as bad as they were, were still not as bad as expected. The big banks were predicting up to 4 million claims. Government economists were predicting far fewer, but I don’t think anyone took their estimates seriously.
The market has been up because of all the news of government intervention on the monetary side (lowering interest rates, QE, etc.) and fiscal side (stimulus). I’m not sure how much more good news we can expect in those areas. I think the actual virus will be driving market performance for the short term.
I’m looking forward to distributions from my dividend stocks at these low prices, including AT&T. Ijust got a distribution for WY and received nearly double the shares I normally get. (Dividends reinvested obviously.)
Ignore the Chinese numbers. They’re just propaganda. The consensus among intelligence agencies (British and Israeli) are they are off by a factor of 40.
Or you can just look at the cell phone user data – they’ve lost 21 million subscribers since 1/1/2020.
I just looked at Boeing. Pretty brutal. If they don’t go bankrupt, they’re a great buy here. People will start traveling again. Some airlines may go out of business but some will be left and they will buy planes. This is one of those things where you either win big or lose everything.
They’re not going BK. The US govt is doing everything in their power to help them through this mess. Hell, today they approved $900M in withheld payments due to faulty equip, for cash flow purposes. I know $900M is nothing for Boeing, but that’s the tip of the iceberg. Boeing can raise cash easy too.
It’s going to be a painful hold, but it’ll pay off 3-4x in 2-3 years time.
I’ve been day trading TSLA. Bought shares at 483, sold after hours at 538. Pretty easy in and out position.
This morning I was kicking myself for not selling OXY, then it shot up and got held twice before I figured out Trump tweeted. Ended up selling for a nice 30% gain today. I’ve almost recovered everything from the drastic drop.
Maybe I’m just particularly dense, but where are you suggesting they are? Dead? Herded off to sick camps and relieved of their cell phones?
Incidentally, recently there were articles in the WSJ and maybe the NYT about CV amongst the Orthodox communites in NY and Israel. How is this being reported in Israel?
