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Author
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Topic: The DOW Breaks 28,000!
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jwhop
Knowflake Posts: 14223
From: Madeira Beach, FL USA
Registered: Apr 2009
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posted February 27, 2020 11:38 PM
  
Market reaction:Investors know the supply chains in China, S. Korea and Japan are disrupted and vulnerable with closed factories or factories running short handed.
http://www.marketplace.org/2020/02/10/coronavirus-disrupts-apples-supply-chains/
http://asia.nikkei.com/Spotlight/Coronavirus/Virus-fears-drive-post-holiday-Asian-stock-sell-off
http://seekingalpha.com/article/4322694-coronavirus-and-currencies-analyzing-export-exposures-across-g10-foreign-exchange
http://www.forbes.com/sites/loracecere/2020/02/13/coronavirus-impact-how-to-prepare-your-supply-chain/#448fc77379c1
http://asia.nikkei.com/Spotlight/Coronavirus/Multinationals-reroute-supply-chains-from-China-for-good IP: Logged |
iQ
Moderator Posts: 5876
From: Lyra
Registered: Apr 2009
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posted February 28, 2020 01:29 AM
Trump had famously quoted that if the Dow fell 1000+ in a day, the President should be tied to a rocket and fired towards the Sun...Anyway, I am keen to see how he handles his first major economic crisis linked to the Stock Market. Instinctive reaction would be to just cut Fed Rates and pray for Corona Virus cases to reduce. In reality, the Jobs Market etc does not point to any recession. But supply chain is totally messed up as Chinese factories are shut till March 3rd week now. Today 25K will be tested as 26K support did not hold. I would actually buy at 25K and see if next week there is recovery. IP: Logged |
Randall
Webmaster Posts: 124076
From: From a galaxy, far, far away...
Registered: Apr 2009
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posted February 28, 2020 04:43 AM
Yes, the supply chain is a real issue, but it's being caused by fear and mass hysteria. I'm not sure how much lower stocks can tumble, but considering how much the market has already fallen, the recovery is going to be a boon for people buying now.IP: Logged |
Randall
Webmaster Posts: 124076
From: From a galaxy, far, far away...
Registered: Apr 2009
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posted February 28, 2020 08:29 AM
The markets don’t like uncertainty. That is going to change soon. Apple has lost billions, but it is a trillion dollar company. Apple is a great stock to buy. It’s not going away. They have opened their factories back up in China and have reopened 30 of their 42 stores in China.IP: Logged |
Randall
Webmaster Posts: 124076
From: From a galaxy, far, far away...
Registered: Apr 2009
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posted February 28, 2020 11:24 AM
Still dropping.IP: Logged |
iQ
Moderator Posts: 5876
From: Lyra
Registered: Apr 2009
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posted February 28, 2020 12:29 PM
Hope you bought at 25000 level, it has been respected today. I think 25% of capital sold off at 28800 [I called that level last year itself, the Blessed Fibonacci Level] can be reinvested at 25K.Another 25% at 22K, if a Black Swan Event drags Dow Jones to 16K level, I would sell 50% of other assets to buy American Non-Software Stocks because post 2022, savvy American Businesses would stop dependency on China and set up factories in every State. A genuine 32K to 40K on Dow Jones might be seen by 2028, who knows? Worth to take a big bet. Look at the other countries, India is a pile of sh*t with Genocidal Maniac Modi unleashing murders of Muslims through Indian Policemen. Indian Universities have been wrecked and 90% of Urban Hindu Youth are unemployable. The Muslims are 90% Employable but kept in a State of Fear. The China Story is finished. People in the West are spooked to open any box from China. EU struggling with their Pension Commitments, Britain hit after Brexit, Aussies struggling with Climate Change, Africans hit by Drought in some parts and Locusts in the rest. All America has to do is gain some good karma, smash some fascist a*se, Order Despots to stop killing innocents and voila, the next 7-14 years it is El-Dorado. IP: Logged |
Randall
Webmaster Posts: 124076
From: From a galaxy, far, far away...
Registered: Apr 2009
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posted February 28, 2020 09:29 PM
Jwhop, how low do you think the market will drop?IP: Logged |
jwhop
Knowflake Posts: 14223
From: Madeira Beach, FL USA
Registered: Apr 2009
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posted February 29, 2020 05:29 PM
DOW 1/28/20 25,409Well, I don't like the current market look. The DOW took out support set on 5/16/19..24,815 Next support set on 12/16/18...22,445 On 2/21/20, the DOW completed a double top chart pattern (2 year weekly chart) and fell straight down with several down Gaps on the way down. A Gap occurs when the current day high never reaches the previous day low. Candlestick charts show Gaps..both down and up. A one year daily chart shows a head and shoulders top formed the right shoulder on 2/21/20 and it was straight down from there. Double Tops, Head and Shoulder Tops and down Gaps are very negative chart patterns. I wouldn't even try to pick a bottom for the DOW. We're almost 3,000 points away from the next support at 22,445. If China, Japan and S. Korea get back to work as their citizens start recovering from Corona virus, filling holes in supply chains, the markets should turn up. IP: Logged |
Randall
Webmaster Posts: 124076
From: From a galaxy, far, far away...
Registered: Apr 2009
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posted March 01, 2020 03:56 PM
Over $2 trillion lost in stock market value.IP: Logged |
jwhop
Knowflake Posts: 14223
From: Madeira Beach, FL USA
Registered: Apr 2009
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posted March 02, 2020 11:56 PM
Dow up today 1293 points. The largest one day gain in the Dow in history.IP: Logged |
Randall
Webmaster Posts: 124076
From: From a galaxy, far, far away...
Registered: Apr 2009
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posted March 03, 2020 07:16 AM
Yes! And the other two indices also had record increases for the day. I hope today is another 1,000 plus point day!IP: Logged |
juniperb
Moderator Posts: 11689
From: Blue Star Kachina
Registered: Apr 2009
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posted March 03, 2020 10:39 AM
Feds cut intetest rates... global recession on the horizon...? China may have just screwed the don royal. ------------------
Partial truth~the seeds of wisdom~can be found in many places...The seeds of wisdom are contained in all scriptures ever written… especially in art, music, and poetry and, above all, in Nature.
Linda Goodman IP: Logged |
Randall
Webmaster Posts: 124076
From: From a galaxy, far, far away...
Registered: Apr 2009
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posted March 03, 2020 03:28 PM
No recession, but the fed should have cut rates last week.IP: Logged |
mirage29
Knowflake Posts: 12840
From: us
Registered: May 2012
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posted March 04, 2020 04:41 PM
Dow soars more than 1,100 points as market rallies off Biden win..
March 3, 2020
- http://www.cnbc.com/2020/03/03/dow-futures-show-300-point-pop-as-early-super-tuesday-results-favor.html
IP: Logged |
juniperb
Moderator Posts: 11689
From: Blue Star Kachina
Registered: Apr 2009
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posted March 04, 2020 05:32 PM
Joementum  ------------------
Partial truth~the seeds of wisdom~can be found in many places...The seeds of wisdom are contained in all scriptures ever written… especially in art, music, and poetry and, above all, in Nature.
Linda Goodman IP: Logged |
jwhop
Knowflake Posts: 14223
From: Madeira Beach, FL USA
Registered: Apr 2009
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posted March 04, 2020 06:09 PM
quote:
Originally posted by mirage29:
[b]Dow soars more than 1,100 points as market rallies off Biden win..
March 3, 2020
- http://www.cnbc.com/2020/03/03/dow-futures-show-300-point-pop-as-early- super-tuesday-results-favor.html [/B]
Ummmm....NO! Don't think so.
You'd be hard pressed to find anyone on Wall Street who believes Joe 'Plugs' has a snow ball's chance in hell against President Trump. The Federal Reserve cut interest rates half a point yesterday AND the furor and panic of coronavirus is wearing off. Supply chains are being reestablished, some moving from China, some moving back to the US. Good news for the economy. IP: Logged |
jwhop
Knowflake Posts: 14223
From: Madeira Beach, FL USA
Registered: Apr 2009
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posted March 04, 2020 06:25 PM
It's already started. No unity, more division.Establishment Dismisses ‘Bernie Bro’ Claims of a ‘Rigged’ Election: ‘Stop This Conspiracy Bullsh*t’
Hannah Bleau
4 Mar 2020 A civil war is bubbling within the Democrat Party between supporters of Sen. Bernie Sanders (I-VT), who believe that the Democrat establishment has been trying to sink their candidate from day one, and the establishment, which contends that voters simply showed up on Tuesday and backed who they felt is most capable of taking on President Trump — Joe Biden (D). Supporters of Sanders, including the ever-notorious “Bernie Bros,” came out full force on Tuesday evening, placing the bulk of their frustration on Sen. Elizabeth Warren (D-MA). They believe she should have dropped out and backed Sanders ahead of Super Tuesday as a means to combat Biden’s flurry of last-minute endorsements — a phenomenon many skeptical “Bernie Bros” view as yet another orchestrated attempt by the Democrat establishment to end Sanders.
The internal strife bubbled over in the form of the hashtag #RiggedPrimary on Wednesday morning, with people on both sides weighing in on what transpired Tuesday night. “#RiggedPrimary is BS. #VoterSuppression is real. End of tweet,” left-wing commentator Sally Kohn said:............... http://www.breitbart.com/politics/2020/03/04/establishment-dismisses-bernie-bro-claims-of-a-rigged-election-stop-this-conspiracy-bullsht/
IP: Logged |
BlueRoamer
Knowflake Posts: 896
From:
Registered: Apr 2009
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posted March 05, 2020 02:12 PM
The dow is swooning at corona, markets don't' like uncertaintyIP: Logged |
jwhop
Knowflake Posts: 14223
From: Madeira Beach, FL USA
Registered: Apr 2009
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posted March 06, 2020 10:55 AM
Most volatile stock market in my lifetime.Up or down 20 points from one tick of the ticker to another. Down 100+ points in a minute or two. This is not a market in which private investors should hold any stocks overnight. Overnight news can cause the market to open 500-800 points down. Volatility is necessary to make good money in the stock markets. Money is made on upswings and downswings in the markets but this is a wild ride. IP: Logged |
BlueRoamer
Knowflake Posts: 896
From:
Registered: Apr 2009
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posted March 06, 2020 02:13 PM
Its actually a good time to short sell if you know what you're doing, which I dont'. Incredibly volatile, we've never had a pandemic like this so its not surprising, plus the market may have been due for a correction anyway. I expect more see saws and drops until corona is over, which may not be for several months IP: Logged |
iQ
Moderator Posts: 5876
From: Lyra
Registered: Apr 2009
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posted March 07, 2020 08:24 AM
Look at Gold.
Clearly big shots are dumping fiat currency and buying precious metal.Excess liquidity from Feds has to be accounted for, US Debt has to be accounted for. This is a great time in USA to exit 75% of all stocks and buy fertile land with potable water plus as much Gold and Silver as possible.
25% Cash Balance in hand than in a bank will also be a wise strategy. Luckily, Europe and Asia are far more messed up, so savvy American Entrepreneurs can buy tons of assets in Europe/Asia.
IP: Logged |
Randall
Webmaster Posts: 124076
From: From a galaxy, far, far away...
Registered: Apr 2009
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posted March 07, 2020 05:01 PM
I think the virus will act like every other coronavirus and influenza as weather warms up.IP: Logged |
iQ
Moderator Posts: 5876
From: Lyra
Registered: Apr 2009
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posted March 09, 2020 09:07 AM
Today I am expecting 1000+ crash in Dow Jones.
India fell almost 6%.
Next week, Transit Saturn will be lodged in 29 Capricorn, the Degree of the "Illuminati Decision Makers".
They might pull the plug on Fed Money Printing.
Bond Yields have crashed too, only Gold went up. I bought 100 ounces Silver today just in case of a full economic reset.The fear being created is that 10 million Americans will get the Corona Virus, and that China will be in recession this year.
Crude has collapsed too, Saudi Arabia in panic mode. If Crude falls to 20 dollars, Big Oil is finished. IP: Logged |
BlueRoamer
Knowflake Posts: 896
From:
Registered: Apr 2009
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posted March 09, 2020 12:16 PM
Markets will tank but they'll rebound, corona will stop, its not as deadly as people think. A lot of this though is also a needed market correction IP: Logged |
BlueRoamer
Knowflake Posts: 896
From:
Registered: Apr 2009
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posted March 09, 2020 12:18 PM
Just wanted to point out that what IQ predicted is happening...don't get too big of an ego IQActually market seems to be dropping below what IQ predicted
Also as IQ is pointing out saturn is about to enter aquarius which will herald a big energetic change
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Lindaland
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