Trading the stockmarket (NO Referrals)

Jono8 said:
Lol at the markets today. As if everything is suddenly better.
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No matter how fancy it looks, it's still a house of cards
 
Jono8 said:
Lol at the markets today. As if everything is suddenly better.
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I know ... it's crazy. It's almost like "Yay ... lockdown!" Then tomorrow everyone will be thinking "what the heck ... quick sell it ALL !" I'm still expecting a downward trend for a few weeks despite what's happened today.
 
xaldub said:
I know ... it's crazy. It's almost like "Yay ... lockdown!" Then tomorrow everyone will be thinking "what the heck ... quick sell it ALL !" I'm still expecting a downward trend for a few weeks despite what's happened today.
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Its ridiculous.
 
Biggest gain days happen in a bear market. Hope nobody was sitting on the sidelines today - could have had +10% today and sold after that rise...

Maybe the bottom is in? Maybe it isn't? Pretty hefty amount of money made today!
 
xaldub said:
I know ... it's crazy. It's almost like "Yay ... lockdown!" Then tomorrow everyone will be thinking "what the heck ... quick sell it ALL !" I'm still expecting a downward trend for a few weeks despite what's happened today.
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Or...might it be that the lockdown signifies that more certainty about our prognosis is now known? I.e. an unknown has been removed from the market and the move reflects that?

Of course, I know nothing - neither does anybody else. Tread carefully.
 
Ironic Namesake said:
Bought some puts on SPY on this unusually green day.
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See how 2500 goes as a line in the sand. I presume this is in reaction to trillions in bailout, they'll be waves back and forth if its anything like 2008. I thought the bill didnt pass though.

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https://www.hl.co.uk/funds/fund-dis...rock-consensus-85-class-i-accumulation/charts
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Not especially worse then other funds. They seem to be trying to be middle of the road and distributed. Still not sure exactly what it holds as its a fund of funds, all the big stuff apparently.
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One of the worlds largest firms moves 20% in one day. Volatility is a bull market so IG might be cheap.
 
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Skeptic said:
Of course, I know nothing - neither does anybody else. Tread carefully.
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The market is up because the Fed is pumping billions into it at the moment with their unlimited QE and on the basis that the US government with be offering up a $2TRILLION stimulus package providing it gets passed (all news seems positive to it getting passed)
 
I'm confused as well. We have Spain reporting that infection rates are now higher than Italy.

Whilst the lock downs may provide certainty of a situation and perhaps some are seeing Trump not locking down as good for the US (on their assumption that locking down will be worse for the economy) I can't help but see that when the US is rampant with COVID and no one is fit to work then the US will drop like a stone and take the markets with it.


The US pumping in money is good for business support, but will massively devalue the currency which has it's own implications throughout the world.
 
Minusorange said:
The market is up because the Fed is pumping billions into it at the moment with their unlimited QE and on the basis that the US government with be offering up a $2TRILLION stimulus package providing it gets passed (all news seems positive to it getting passed)
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Yeah maybe! Tides go in, tides go out - you can't explain that!
 
The scary thing is that the US economy is so huge and influential.

Given Trump's unpredictability it's a nightmare trying to guess what might happen.

How will the market price it if he relaxes isolation rules in 2 weeks? For me that would mean record lows at some point because coronavirus will tear through the country like wildfire.
 
I've sat on the sidelines with cash waiting for that moment. I look at today and think 'daaaaamn'.

However, like others have said there will be much trouble ahead.
 
silversurfer said:
See how 2500 goes as a line in the sand. I presume this is in reaction to trillions in bailout, they'll be waves back and forth if its anything like 2008. I thought the bill didnt pass though.
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Not yet ... let's see. May 15 expiry, so have some time. VIX is pushing the price up at the moment - I expect the coming weeks to be very rocky still, until this is resolved.

Also bought some MGM leaps
 
Didn't expect those rises today. Trying to explain it away using any number of relatively recent announcement doesn't really wash. We're in highly unpredictable times, end of.
 
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