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Well, that could be just as dangerous for them as for us. If we see a massive drop in stock value, all that overseas money gonna get wrecked. Interesting.
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Well, that could be just as dangerous for them as for us. If we see a massive drop in stock value, all that overseas money gonna get wrecked. Interesting.
It’s harder for markets to see big drops when there’s a lot of buyer demand. The general bias will be upward, even through moments of volatility.
It could be about to get really ugly again. Lots of bad technical indicators setting up. Couldn't hold 3230 on SP. Dow double topped and couldn't take 27k. 9 and 18 days indicators are negative. Could see a big pull back in the next few days if there isn't big news to break the trend. If it gets ugly could see the 50 day cross over the 200 day which is one of those indicators you don't ignore (death cross).
I'm not sure. Earnings so far haven't seemed to matter much. Companies that had beats have gone down, others with misses have gone up. It's been very sporatic and the narrative of ignoring the earnings so far have held.A lot of reporting coming Thursday - I think that will determine the next trajectory.
A lot of reporting coming Thursday - I think that will determine the next trajectory.
It's the cold water on the next CARES (or whatever they're calling it) ACT... Congress went from spend crazy to suddenly worrying about debt. we can argue (on MAP) about what's the best course of action for the country, but for the market, it's bad, because spending will drop.
I'm going to be looking at some of my positions tomorrow and I may consider selling some more off. It's either that or buckle up and ignore the market a while.
Anyone jump in on Kodak at $2.50 a couple days ago and sell at $60 this morning?
All that on an announcement that they got a $750M loan to start manufacturing pharmacutical ingredients. Not a contract, a loan. I started loading up on puts at $20 and they went up in value as the stock tripled because of volatility.
It's back to $28. Keeps getting haulted for volatility. It opens up for a few seconds and gets haulted again. Sell orders are lined up, no buyers. Classic pump and dump and it's happening on a brand name stock. One big sweep sell order came in at $60 and the buyers disappeared. A lot of people just lost a ton of money.That's a bold play.
I was just like "Whaa?"
Anyone jump in on Kodak at $2.50 a couple days ago and sell at $60 this morning?
All that on an announcement that they got a $750M loan to start manufacturing pharmacutical ingredients. Not a contract, a loan. I started loading up on puts at $20 and they went up in value as the stock tripled because of volatility.