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Trading halted as U.S. stocks plummet

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Re: Trading halted as U.S. stocks plummet

#121

Post by dd36 »

ailideex wrote: post #79
aganame wrote: post #60

Trump created a situation that's shaky as hell. I'm glad something happened that makes him suffer at least some consequences for once. Too bad it had to be this bad an event.

Ehh... I mean ... if the whole rest of the world was somehow unaffected by this ... then ... You do get that a reasonably conservative projection is that within a year most people in the world would have gotten COVID-19? How the heck did Trump do that? The only means of slowing COVID-19 has massive effects on the economy. There is now way in hell this would not have had a massively negative impact on the world econom…

Trump running massive deficits and forcing rate cuts when times are good is Trump’s shaky ground.

Re: Trading halted as U.S. stocks plummet

#122

Post by [deleted] »

aazaa wrote: post #10

This will be blamed on COVID-19, but the problems go much deeper. Last year the Fed lost control of the repo market. the event was widely discounted at the time as an end-of-tax-year fluke. It wasn't. Six month ago, the yield curve inverted. People who should have known better said "this time is different." Speculators have been trained over the course of 10+ years to buy the dip. The Fed has your back. What we're se…

[deleted]

Re: Trading halted as U.S. stocks plummet

#123

Post by shadowgovt »

vortico wrote: post #29

Slightly unrelated, but why does the stock market close each night? If trading was open 24/7, we wouldn't have large spikes like this every morning. We'd only have them when certain news is announced.

In addition to it always being done that way, there's also probably some benefit to having there be no such thing as a "night shift" in charge of market operations and security, given how destructive exploitation of vulnerabilities in the system can be.

Re: Trading halted as U.S. stocks plummet

#124

Post by segmondy »

chrshawkes wrote: post #84

I don't know if it was a good bet but I moved all my 401k into money market accounts for the time being last Thursday. I feel like those who say I should ride the wave down are probably not telling me the truth. All indicators seem to suggest a 25% correction or more before the end of the year. I've been buying stocks heavily on the latest dips and so far that is all down around 20%. I diversified investments in crui…

Good move, Dec I moved 33% to Bond, 2 weeks ago I moved another 33% to Bond. I'm kicking myself for not moving the rest, but I can stand to be in the market for a very long time. Most knowledge that say rid the wave is rubbish. Get out if you know that things will be down so you can live to fight another day. If you have $100 and market goes down 50%, you have to wait for it to come back 100% to break even. Most folks don't understand that movement isn't equal in either direction. Market goes down 10%, comes back up 10% most folks think it has balanced, but it hasn't.

Re: Trading halted as U.S. stocks plummet

#125

Post by travisoneill1 »

solarhoma wrote: post #94
treis wrote: post #74

Earlier quoted context omitted.

Oil prices going down is a good thing for the economy. I think people are confusing cause with an effect/correlation. Oil going down usually indicates a recession. Bad economy -> Lower demand for Oil -> Lower oil prices. In that case it's a signal/trailing indicator. In this case it's: Increased oil supply -> Lower oil prices -> Everything gets cheaper to make -> Increased economic activity

Say that to the nearly 5 million employed in O&G.

Most of those who work in drilling will be laid off in the next six months. Been there done that. But it doesn't change the fact that it will be over all beneficial to the economy.

Re: Trading halted as U.S. stocks plummet

#126

Post by hi5eyes »

ailideex wrote: post #47
aazaa wrote: post #10

This will be blamed on COVID-19, but the problems go much deeper. Last year the Fed lost control of the repo market. the event was widely discounted at the time as an end-of-tax-year fluke. It wasn't. Six month ago, the yield curve inverted. People who should have known better said "this time is different." Speculators have been trained over the course of 10+ years to buy the dip. The Fed has your back. What we're se…

> This will be blamed on COVID-19 Good. Because I don't buy for a moment that without COVID-19 the situation would be what it is now. Hindsight is 2020 and predictions of doom and stock market collapse is a dime a dozen.

markets knew about covid for a month before it started tanking

Re: Trading halted as U.S. stocks plummet

#127

Post by voisin »

aazaa wrote: post #10

This will be blamed on COVID-19, but the problems go much deeper. Last year the Fed lost control of the repo market. the event was widely discounted at the time as an end-of-tax-year fluke. It wasn't. Six month ago, the yield curve inverted. People who should have known better said "this time is different." Speculators have been trained over the course of 10+ years to buy the dip. The Fed has your back. What we're se…

Is turning Global Financial Crisis into an acronym necessary? It certainly isn’t standard. Turning things into acronyms that are used a single time in a written statement without reference or explanation is one of the most obnoxious things in this industry. Paraphrasing grandmas everywhere, if you can’t write things properly, don’t write anything at all.

Re: Trading halted as U.S. stocks plummet

#129

Post by danans »

SkyBelow wrote: post #61
whatshisface wrote: post #21

Earlier quoted context omitted.

> Six month ago, the yield curve inverted. People who should have known better said "this time is different." How does your story jive with the fact that the yield curves went back to normal? Either they are an indicator or they aren't.

>Either they are an indicator or they aren't. Third option is that it is an indicator as long as people aren't treating it as one, but once people react to it then it ceases having the power to indicate what is happening.

For the curious, this is known as Goodhart's Law.
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