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Author Topic: Stock futures open lower as coronavirus social distancing guidelines extended to April 30  (Read 750 times)

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Online libertybele

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Stock futures open lower as coronavirus social distancing guidelines extended to April 30
« on: March 30, 2020, 12:05:30 am »
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Stock futures open lower as coronavirus social distancing guidelines extended to April 30

U.S. stock futures opened lower Sunday evening as efforts to contain the coronavirus remain a priority across the globe and as President Trump announced that social distancing guidelines will remain in place until April 30 at least.

The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite posted early losses of 1 percent each.

The move follows a volatile but positive week for the three major averages, which saw the Dow gain over 12.8 percent and exit its bear market on Thursday. The S&P 500 rose 10.26 percent while the Nasdaq gained more than 9 percent...........

https://www.foxbusiness.com/markets/stock-future-march-29
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Offline Drago

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Re: Stock futures open lower as coronavirus social distancing guidelines extended to April 30
« Reply #1 on: March 30, 2020, 05:43:51 am »
Dow futures have now turned positive (as of 10:45pm PDT):

https://www.investing.com/indices/us-30-futures

The roller coaster continues...running over "dead cats" as it goes!  ;-) 

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Offline Drago

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Re: Stock futures open lower as coronavirus social distancing guidelines extended to April 30
« Reply #2 on: March 30, 2020, 09:24:29 am »
"Never Mind" ---Emily Litella    Dow futures now down 120 points again (2:25am PDT)....we now return you to our regularly scheduled programming...

https://www.nbc.com/saturday-night-live/video/weekend-update-w-emily-litella/n8618

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Online Free Vulcan

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Re: Stock futures open lower as coronavirus social distancing guidelines extended to April 30
« Reply #3 on: March 30, 2020, 01:41:49 pm »
We might run a bit and see the S+P go up to the 2750 area, but you can almost guarantee its gonna test the early March low at some point.
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Online libertybele

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Re: Stock futures open lower as coronavirus social distancing guidelines extended to April 30
« Reply #4 on: March 30, 2020, 05:12:47 pm »
Quote from: Free Vulcan on March 30, 2020, 01:41:49 pm
We might run a bit and see the S+P go up to the 2750 area, but you can almost guarantee its gonna test the early March low at some point.

I'm really surprised to see the market up a bit today...I had expected a Monday downturn.
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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 Cyber Liberty

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Re: Stock futures open lower as coronavirus social distancing guidelines extended to April 30
« Reply #5 on: March 30, 2020, 06:22:44 pm »
Quote from: libertybele on March 30, 2020, 05:12:47 pm
I'm really surprised to see the market up a bit today...I had expected a Monday downturn.

I did too.  It's a good thing I'm not a day-trader.
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Offline mountaineer

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Re: Stock futures open lower as coronavirus social distancing guidelines extended to April 30
« Reply #6 on: March 30, 2020, 06:27:31 pm »
Quote from: libertybele on March 30, 2020, 05:12:47 pm
I'm really surprised to see the market up a bit today...I had expected a Monday downturn.
I had been afraid to check our portfolio, assuming we were approaching "penniless" status by now. But yesterday I logged in and found, to my surprise, we'd lost only 4.7% of the total currently invested with this particular brokerage from 2/28 to 3/29.  Mr. M's cousin, a retired investment advisor, has been buying stocks throughout this Corona frenzy, and we've taken his advice.
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Online Cyber Liberty

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Re: Stock futures open lower as coronavirus social distancing guidelines extended to April 30
« Reply #7 on: March 30, 2020, 06:50:59 pm »
Quote from: mountaineer on March 30, 2020, 06:27:31 pm
I had been afraid to check our portfolio, assuming we were approaching "penniless" status by now. But yesterday I logged in and found, to my surprise, we'd lost only 4.7% of the total currently invested with this particular brokerage from 2/28 to 3/29.  Mr. M's cousin, a retired investment advisor, has been buying stocks throughout this Corona frenzy, and we've taken his advice.

A well-balanced 401K should show the drops you mentioned, because they should be diversified among different funds.  In my case, the mix was something I had control over, and adjusted my risks to match my situation.  Luck came into it when I had to change my balance upon retiring unexpectedly.  The market was in a good place when I closed it out.

ETA:  I saw losses in the neighborhood of what you lost in two previous dumps:  The dot-com bust and 2007-08 panic.
« Last Edit: March 30, 2020, 06:53:43 pm by Cyber Liberty »
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Online Free Vulcan

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Re: Stock futures open lower as coronavirus social distancing guidelines extended to April 30
« Reply #8 on: March 30, 2020, 07:34:30 pm »
Quote from: Cyber Liberty on March 30, 2020, 06:22:44 pm
I did too.  It's a good thing I'm not a day-trader.

There are some of us who love that love that roller coaster.
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Online Cyber Liberty

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Re: Stock futures open lower as coronavirus social distancing guidelines extended to April 30
« Reply #9 on: March 30, 2020, 07:37:42 pm »
Quote from: Free Vulcan on March 30, 2020, 07:34:30 pm
There are some of us who love that love that roller coaster.

Yep.  Not for the 401K-minded.
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For unvaccinated, we are looking at a winter of severe illness and death — if you’re unvaccinated — for themselves, their families, and the hospitals they’ll soon overwhelm. Sloe Joe Biteme 12/16
I will NOT comply.
 
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Offline truth_seeker

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Re: Stock futures open lower as coronavirus social distancing guidelines extended to April 30
« Reply #10 on: March 30, 2020, 08:15:17 pm »
Quote from: Cyber Liberty on March 30, 2020, 07:37:42 pm
Yep.  Not for the 401K-minded.

I am glad you were wrong predicting a 1,000 downer.

Don't know why, but up 690 might be reflecting the Trump pills prospects.
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Online Cyber Liberty

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Re: Stock futures open lower as coronavirus social distancing guidelines extended to April 30
« Reply #11 on: March 30, 2020, 09:08:49 pm »
Quote from: truth_seeker on March 30, 2020, 08:15:17 pm
I am glad you were wrong predicting a 1,000 downer.

Don't know why, but up 690 might be reflecting the Trump pills prospects.

Yeah, I'm glad too. 
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For unvaccinated, we are looking at a winter of severe illness and death — if you’re unvaccinated — for themselves, their families, and the hospitals they’ll soon overwhelm. Sloe Joe Biteme 12/16
I will NOT comply.
 
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