« previous next »
Pages: [1]   Go Down

Author Topic: 17 Mar 2020- Stock and Financial Markets Discussion Thread  (Read 500 times)

0 Members and 1 Guest are viewing this topic.

Online catfish1957

  • Laken Riley.... Say her Name. And to every past and future democrat voter- Her blood is on your hands too!!!
  • Moderator
  • *****
  • Posts: 31,463
  • Gender: Male
17 Mar 2020- Stock and Financial Markets Discussion Thread
« on: March 17, 2020, 05:15:44 am »
17 Mar 2020 12:05 CDT

DJIA Futures-   +3.9%
S & P 500 Futures- +3.6%
NASDAQ Futures- +3.4%

Gold $1503/oz

WTI- $29.99/bbl

Pacific Rim Trading
==============
Nikkei and Hang Seng are both up about 1%


VIX Futures- 82
Logged
I display the Confederate Battle Flag in honor of my great great great grandfathers who spilled blood at Wilson's Creek and Shiloh.  5 others served in the WBTS with honor too.

Offline Free Vulcan

  • Technical
  • *****
  • Posts: 23,756
  • Gender: Male
  • Ah, the air is so much fresher here...
Re: 17 Mar 2020- Stock and Financial Markets Discussion Thread
« Reply #1 on: March 17, 2020, 12:27:38 pm »
Trying to see maybe if the market today will start looking thru the fear.
Logged
The Republic is lost.

Online catfish1957

  • Laken Riley.... Say her Name. And to every past and future democrat voter- Her blood is on your hands too!!!
  • Moderator
  • *****
  • Posts: 31,463
  • Gender: Male
Re: 17 Mar 2020- Stock and Financial Markets Discussion Thread
« Reply #2 on: March 17, 2020, 12:34:03 pm »
17 Mar 2020 07:2 CDT update

Stock Composite Futures gave up most of their gains during the night.

DJIA Futures-   +0.6%
S & P 500 Futures- +0.6%
NASDAQ Futures- +1.3%

Gold $1480/oz  (Down about 2% during the night)

WTI- $28.79/bbl. (Down about 4 % durig the night)

Pacific Rim Trading (Markets closed)
==============
Nikkei  +0.1%
Hang Seng +0.9%

Europe
========
FTSE- -2.0%
DAX- - 7.0%
CAC- -1.0%


VIX Futures- 81

Read an article at CNN Business that mentioned a really jaw dropping fact.  The S&P 500 broke its record this month for the quickest Bear Market Correction in our country's history (>20% Loss). It took just 15 days.  Second place of 30 days took place in 1929.  Don't that Bear Market wiped about 85% of Market Cap at the time.

Logged
I display the Confederate Battle Flag in honor of my great great great grandfathers who spilled blood at Wilson's Creek and Shiloh.  5 others served in the WBTS with honor too.

Online catfish1957

  • Laken Riley.... Say her Name. And to every past and future democrat voter- Her blood is on your hands too!!!
  • Moderator
  • *****
  • Posts: 31,463
  • Gender: Male
Re: 17 Mar 2020- Stock and Financial Markets Discussion Thread
« Reply #3 on: March 17, 2020, 03:06:34 pm »
17 Mar 2020 10:00 CDT update

DJIA +104pts.   +0.9%
S & P 500 +62 pts. +2.5%
NASDAQ  +165pts. - +2.4%

Bond markets stable- (good news)

Gold $1533/oz  (Last night's losses recouped)

WTI- $28.82/bbl.

Europe Trading
========
FTSE- Flat
DAX- - +0.7%
CAC- - +0.5%


VIX - 79
Logged
I display the Confederate Battle Flag in honor of my great great great grandfathers who spilled blood at Wilson's Creek and Shiloh.  5 others served in the WBTS with honor too.

Online catfish1957

  • Laken Riley.... Say her Name. And to every past and future democrat voter- Her blood is on your hands too!!!
  • Moderator
  • *****
  • Posts: 31,463
  • Gender: Male
Re: 17 Mar 2020- Stock and Financial Markets Discussion Thread
« Reply #4 on: March 17, 2020, 04:09:44 pm »
17 Mar 2020 11:00 CDT update

Folks, looks like a little mini-rally underway.  Fingers crossed

DJIA +768pts.   +3.8%
S & P 500 +134 pts. +5.6%
NASDAQ  +434pts. - +6.2%



Gold $1539/oz  (stable)

WTI- $28.91/bbl. (stable)

Europe Trading
========
FTSE- +1.5
DAX- - -4.0%



VIX - 71 (slowly but steadily dropping- great news)
Logged
I display the Confederate Battle Flag in honor of my great great great grandfathers who spilled blood at Wilson's Creek and Shiloh.  5 others served in the WBTS with honor too.

Offline libertybele

  • Hero Member
  • *****
  • Posts: 57,269
  • Gender: Female
Re: 17 Mar 2020- Stock and Financial Markets Discussion Thread
« Reply #5 on: March 17, 2020, 04:12:40 pm »
Market is trying to stage a comeback after yesterday, gold is slightly up, bond market slightly up.

Recession is still being forecast and Trump also made that announcement yesterday.

Meanwhile ... a 3rd cornavirus bill injecting billions more into the economy has been proposed.
Logged
Romans 12:16-21

Live in harmony with one another; do not be haughty, but associate with the lowly, do not claim to be wiser than you are.  Do not repay anyone evil for evil, but take thought for what is noble in the sight of all.  If it is possible, so far as it depends on you, live peaceably with all…do not be overcome by evil, but overcome evil with good.

Online catfish1957

  • Laken Riley.... Say her Name. And to every past and future democrat voter- Her blood is on your hands too!!!
  • Moderator
  • *****
  • Posts: 31,463
  • Gender: Male
Re: 17 Mar 2020- Stock and Financial Markets Discussion Thread
« Reply #6 on: March 17, 2020, 05:15:16 pm »
17 Mar 2020 12:00 CDT update

Well that was short lived, heading in the other direction now.

DJIA +557pts.   +2.8%
S & P 500 +89 pts. +3.8%
NASDAQ  +243pts. - +3.5%



Gold $1528/oz 

WTI- $28.18/bbl.

Europe Trading
========
FTSE- +2.6%
DAX- - +2.2%



VIX - 75
Logged
I display the Confederate Battle Flag in honor of my great great great grandfathers who spilled blood at Wilson's Creek and Shiloh.  5 others served in the WBTS with honor too.

Online catfish1957

  • Laken Riley.... Say her Name. And to every past and future democrat voter- Her blood is on your hands too!!!
  • Moderator
  • *****
  • Posts: 31,463
  • Gender: Male
Re: 17 Mar 2020- Stock and Financial Markets Discussion Thread
« Reply #7 on: March 17, 2020, 08:30:31 pm »
17 Mar 2020 12:00 CDT update

Nice rebound.  Hope we can see some momentum in that direction, or at least see this as a sustained workable  bottom.

Market closed @

DJIA +1048pts.   +5.2%
S & P 500 +143 pts. +6.0%
NASDAQ  +430pts. - +6.2%


Gold $1526/oz 

WTI- $26.66/bbl. Lowest since March 1999, and just think.....Oil was @63/bbl at the end of the year.

Europe Trading
========
FTSE- +2.8%
DAX- - -3.2%



VIX - 75
Logged
I display the Confederate Battle Flag in honor of my great great great grandfathers who spilled blood at Wilson's Creek and Shiloh.  5 others served in the WBTS with honor too.

Offline Free Vulcan

  • Technical
  • *****
  • Posts: 23,756
  • Gender: Male
  • Ah, the air is so much fresher here...
Re: 17 Mar 2020- Stock and Financial Markets Discussion Thread
« Reply #8 on: March 17, 2020, 10:37:05 pm »
We may have some more tests of the lows, but after the big dramatic panic selloff Monday, it looks like the market has calmed a bit and is starting to see thru the virus scare.

Some perspective: We were at this level a bit over a year ago after the big dramatic trade fight between us and China. The market bounced back.

Also, we were past due for a correction. The S+P was up around 20% between last November and the Feburuary peak.

That translates to around a 60% increase in a year and was ridiculous speculative froth. While the coronavirus amplified it, it was due nonetheless.

A couple of good days and we'll be near where the market would have corrected anyway.

« Last Edit: March 17, 2020, 10:46:26 pm by Free Vulcan »
Logged
The Republic is lost.

Offline Neverdul

  • Moderator Gubernatorial and State Races
  • Hero Member
  • *****
  • Posts: 1,596
  • Gender: Female
Re: 17 Mar 2020- Stock and Financial Markets Discussion Thread
« Reply #9 on: March 18, 2020, 09:26:33 pm »
The New York Stock Exchange will close trading floor starting Monday
From CNN’s Matt Egan

The New York Stock Exchange will move to fully electronic trading on Monday and trading as well as regulatory oversight of all NYSE-listed securities “will continue without interruption” according to a statement.

“NYSE’s trading floors provide unique value to issuers and investors, but our markets are fully capable of operating in an all-electronic fashion to serve all participants, and we will proceed in that manner until we can re-open our trading floors to our members,” said Stacey Cunningham, president of the NYSE.

“While we are taking the precautionary step of closing the trading floors, we continue to firmly believe the markets should remain open and accessible to investors. All NYSE markets will continue to operate under normal trading hours despite the closure of the trading floors.”
Logged
So This Is How Liberty Dies, With Thunderous Applause
Pages: [1]   Go Up
« previous next »