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    #16
    A good sense of how long this epidemic will last would be to look at China and North Korea. Apple has reopened in China, after what? Six weeks?

    Also, guys, don't forget. The science community is going into overdrive to find a cure, so thats something to bear in mind.

    On a practical level, Ackman is buying hotel stocks, restaurants brands and Starbucks shares.
    james.c.hendrickson@gmail.com
    202.468.6043

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      #17
      Originally posted by james.hendrickson View Post
      On a practical level, Ackman is buying hotel stocks, restaurants brands and starbucks.
      I was thinking about Starbucks earlier. They are the sort of place that will bounce back very quickly as soon as they are able to reopen. They don't depend on any advance planning like hotels or cruises. They are an immediate, often daily, purchase for many people. They could recover fast.
      Steve

      * Despite the high cost of living, it remains very popular.
      * Why should I pay for my daughter's education when she already knows everything?
      * There are no shortcuts to anywhere worth going.

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        #18
        Originally posted by disneysteve View Post

        I was thinking about Starbucks earlier. They are the sort of place that will bounce back very quickly as soon as they are able to reopen. They don't depend on any advance planning like hotels or cruises. They are an immediate, often daily, purchase for many people. They could recover fast.
        Who can afford a $5 cup of coffee after all of this?
        Never underestimate the power of stupid people in large groups.

        -George Carlin

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          #19
          Originally posted by disneysteve View Post

          I was thinking about Starbucks earlier. They are the sort of place that will bounce back very quickly as soon as they are able to reopen. They don't depend on any advance planning like hotels or cruises. They are an immediate, often daily, purchase for many people. They could recover fast.
          Anything with immediate business would have appeal. Most retail outlets, restaurant chains, maybe even a REIT play like Tanger Outlets.
          Brian

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            #20
            Originally posted by TexasHusker View Post

            Who can afford a $5 cup of coffee after all of this?
            The same people who lined up around the corner to buy booze. We have a local place here, couldnt even get in the parking lot (according to people who were going to buy booze.) People need their drugs no matter what the situation is. Caffeine or alcohol, pick your poison.

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              #21
              So this week seems to be ending on a (relatively) quieter note... Over the last few days, S&P 500 seems to be oscillating bewteen 2300-2400, and DJIA between 19000-20000....give or take.

              Do you think markets are finally starting to settle, albeit still with significant volatility, around a somewhat neutral range? Or simply taking a breath waiting for the next shoe to drop? After dropping ~30% over the last month, the opportunity buyers may finally be balancing out the panic sellers. Of course, you never know what'll happen... but over the last week or so I've sorta been expecting it to level off at some point soonish as everyone's efforts have continued. Plus, there's (early) progress toward the economic stimulus package in the congress, and POTUS finally invoked the DPA to address medical PPE shortages. This may just be optimism talking, but perhaps we're seeing a moderate stabilization, at least for the present moment. If nothing else, I do think it'll start to become a slower, more steady decline instead of the repeated precipitous drops we've seen the last few weeks.
              Last edited by kork13; 03-20-2020, 12:04 PM.
              "Praestantia per minutus" ... "Acta non verba"

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                #22
                Originally posted by kork13 View Post
                So this week seems to be ending on a (relatively) quieter note... Over the last few days, S&P 500 seems to be oscillating around 2400 +/- 100, and DJIA around 20000 +/- 1000.

                Do you think markets are finally starting to settle, albeit still with significant volatility, around a somewhat neutral range? Or simply taking a breath waiting for the next shoe to drop? After dropping ~30% over the last month, the opportunity buyers may finally be balancing out the panic sellers. Of course, you never know what'll happen... but over the last week or so I've sorta been expecting it to level off at some point soonish as everyone's efforts have continued. Plus, there's (early) progress toward the economic stimulus package in the congress, and POTUS finally invoked the DPA to address medical PPE shortages. This may just be optimism talking, but perhaps we're seeing a moderate stabilization, at least for the present moment. If nothing else, I do think it'll start to become a slower, more steady decline instead of the repeated precipitous drops we've seen the last few weeks.
                Guessing taking a breath until the next drop, if some other surprise occurs this weekend. But who knows for sure. I made one last small purchase of DIS stock a couple hours ago. I've spent enough money these last two weeks.
                "I'd buy that for a dollar!"

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                  #23
                  I know just enough to be dangerous and that's even probably a stretch, but it looks like today we had some folks heading for the exits toward the close, so they could sleep this weekend. I figure we are going to hear some good news over the weekend re: mortality rates, anti-virals, and possibly a slight move in the "curve" that could spark a big rally next week.
                  Never underestimate the power of stupid people in large groups.

                  -George Carlin

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                    #24
                    You guys checked out favipiravir vs kaletra trial from Japan? Kaletra finds to be no better than sugar pill but favipiravir is the real deal. Complete viral clearance after 4 days vs the control group of 11 days for Kaletra. Way less side effect, chest extra and fever both improved a great deal with all having a p value of <0.001 Skip to min 4:20

                    Last edited by Singuy; 03-20-2020, 01:46 PM.

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                      #25
                      just keep dca down. we're not even to the levels of the 2008 crisis drop. not even close. when you see the plebs finally throwing in the towel enmasse, that's the bottom.

                      Comment


                        #26
                        Originally posted by kork13 View Post
                        So this week seems to be ending on a (relatively) quieter note... Over the last few days, S&P 500 seems to be oscillating bewteen 2300-2400, and DJIA between 19000-20000....give or take.

                        Do you think markets are finally starting to settle, albeit still with significant volatility, around a somewhat neutral range? Or simply taking a breath waiting for the next shoe to drop? After dropping ~30% over the last month, the opportunity buyers may finally be balancing out the panic sellers. Of course, you never know what'll happen... but over the last week or so I've sorta been expecting it to level off at some point soonish as everyone's efforts have continued. Plus, there's (early) progress toward the economic stimulus package in the congress, and POTUS finally invoked the DPA to address medical PPE shortages. This may just be optimism talking, but perhaps we're seeing a moderate stabilization, at least for the present moment. If nothing else, I do think it'll start to become a slower, more steady decline instead of the repeated precipitous drops we've seen the last few weeks.
                        Im not sure, I hope so. Tonight, PA is officially shutting down. I would imagine other states are also doing the same. Non life sustaining business are closed. Im not quite sure we're at the bottom yet. Wish i knew cause I do have $15k in bonds I would love to move to an s&p fund.

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                          #27
                          I saw this morning that the Trump admin has asked the states not to release their unemployment numbers as they normally do. They know that those numbers will be ugly and make things look bad (which they are). Those are the figures likely to be moving the market in the coming days. once first quarter earnings start coming out, that will be the next thing. We're not done yet.
                          Steve

                          * Despite the high cost of living, it remains very popular.
                          * Why should I pay for my daughter's education when she already knows everything?
                          * There are no shortcuts to anywhere worth going.

                          Comment


                            #28
                            Our portfolio has reached the point where we should re-balance (off by 5%), but I know it will annoy me if I re-balance and it continues downward. Plus, I am in mutual funds so I just hate doing it on a up day (it keeps bouncing back and forth...) .

                            Also, still waiting to do a conversion to Roth.

                            Comment


                              #29
                              Originally posted by disneysteve View Post
                              I saw this morning that the Trump admin has asked the states not to release their unemployment numbers as they normally do. They know that those numbers will be ugly and make things look bad (which they are). Those are the figures likely to be moving the market in the coming days. once first quarter earnings start coming out, that will be the next thing. We're not done yet.
                              The numbers are actually too good. I was listening to some economists saying that those unemployment numbers doesn't' reflect what is truly happening because it has a 1 week lag.

                              Comment


                                #30
                                Originally posted by Singuy View Post

                                The numbers are actually too good. I was listening to some economists saying that those unemployment numbers doesn't' reflect what is truly happening because it has a 1 week lag.
                                A lot of people also haven’t filed yet because the systems have been overwhelmed. My daughter has been trying for a few days and finally got in just now.
                                Steve

                                * Despite the high cost of living, it remains very popular.
                                * Why should I pay for my daughter's education when she already knows everything?
                                * There are no shortcuts to anywhere worth going.

                                Comment

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