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Mon Mar 2, 2020, 09:24 AM

Faux noise predicting a stock market recovery today

Crazy varney says a huge rebound and the bobblehead idiots added:

We should expect a live briefing from the President when it happens.

Really?

12 replies, 1086 views

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Arrow 12 replies Author Time Post
Reply Faux noise predicting a stock market recovery today (Original post)
Watchfoxheadexplodes Mar 2020 OP
jimfields33 Mar 2020 #1
Flaleftist Mar 2020 #2
Liberal In Texas Mar 2020 #3
Farmer-Rick Mar 2020 #4
Maeve Mar 2020 #5
C_U_L8R Mar 2020 #6
PJMcK Mar 2020 #7
Apollo Zeus Mar 2020 #8
Squinch Mar 2020 #9
safeinOhio Mar 2020 #10
Squinch Mar 2020 #11
duforsure Mar 2020 #12

Response to Watchfoxheadexplodes (Original post)

Mon Mar 2, 2020, 09:26 AM

1. I think futures is up

We needed some relief in the stock market so last week was good. It will recover eventually.

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Response to Watchfoxheadexplodes (Original post)

Mon Mar 2, 2020, 09:27 AM

2. Dead cat bounce maybe

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Response to Watchfoxheadexplodes (Original post)

Mon Mar 2, 2020, 09:31 AM

3. CNN Pre-Market Down.

Now -54. Was -150ish earlier.

https://www.cnn.com/business/markets/premarkets

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Response to Watchfoxheadexplodes (Original post)

Mon Mar 2, 2020, 09:31 AM

4. Soon after Trump claimed the coronavirus was a hoax,

The corporate media started putting out stories that the market had recovered. Not just Fox but CBS and other sites have been claiming this since Trump opened up his conspiracy theory lies.

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Response to Watchfoxheadexplodes (Original post)

Mon Mar 2, 2020, 09:36 AM

5. Markets seldom go straight down

Globally, there is hope of a coordinated financial response, moving many markets up (we tend to focus on just the American markets, but this is a world-wide issue). But if they don't get that stimulus...

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Response to Watchfoxheadexplodes (Original post)

Mon Mar 2, 2020, 09:41 AM

6. Trump wants a victory dance. Really?

That's not how it works. It's not how any of this works.

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Response to Watchfoxheadexplodes (Original post)

Mon Mar 2, 2020, 09:45 AM

7. Wall Street can be like an overly-emotional teenager

The markets will often respond to events that have nothing to do with the value of the underlying stocks.

Another fun fact: historically, the markets always recover. In 1987, the markets dropped over 20% in one day and the financial pundits claimed they would never recover. At the time, the Dow was hovering around 2,000. Even after the chaos of last week, the Dow is currently at 25,409. So much for the market never recovering.

Personally, I lost a lot of money in the last week. But I have faith. Everyone should take a deep breath and hold on. The markets will recover, in time, no matter what Fox News says.

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Response to Watchfoxheadexplodes (Original post)

Mon Mar 2, 2020, 09:45 AM

8. we saw some boosting on Friday

Buys in the last 15 minutes pushed the numbers up 600 points.

They will try to mitigate the damage again today but unless you're a day trader with a fast finger, today won't be a buying opportunity. Algos will suck out every dollar the Fed throws at this thing. The charts from Asia show really fast swings as real traders sold into any strength that the damage controllers create.

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Response to Watchfoxheadexplodes (Original post)

Mon Mar 2, 2020, 09:45 AM

9. Futures down 200 at 8:45

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Response to Squinch (Reply #9)

Mon Mar 2, 2020, 09:50 AM

10. 1,000 point flip overnight.

From plus to negative.

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Response to safeinOhio (Reply #10)

Mon Mar 2, 2020, 09:53 AM

11. But its bouncing like a playground ball. So are European markets.

They're not happy.

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Response to Watchfoxheadexplodes (Original post)

Mon Mar 2, 2020, 10:01 AM

12. That makes me wonder now

Is trump using the treasury to secretly manipulate the market for his own political gain? And possibly help others reap profits?

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