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Biggest Single Day Gain for DJIA!
03-02-2020, 02:08 PM
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#1
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,148
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Biggest Single Day Gain for DJIA!
On points but not percent - though 5%+ ain’t a bad day. Not that it means the pullback is over, but might as well report the good with the bad. Good enough to take DW out for frozen custard after dinner.
__________________
No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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03-02-2020, 02:09 PM
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#2
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Thinks s/he gets paid by the post
Join Date: Feb 2012
Location: Northern Ohio
Posts: 3,181
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One heck of a dead cat bounce...
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03-02-2020, 02:23 PM
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#3
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Thinks s/he gets paid by the post
Join Date: Mar 2009
Posts: 2,975
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Wake me up when we're back to all time highs. I've reset my Fidelity alerts on both the down and upside.
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Took SS at 62 and hope I live long enough to regret the decision.
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03-02-2020, 02:33 PM
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#4
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Recycles dryer sheets
Join Date: Sep 2018
Location: High Plains Non-Drifter
Posts: 314
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Challenging times, for sure. And sympathies for those affected.
I do think this situation is ultimately solvable by science. May take 18 months, but lots of brilliant medical professionals are on this. And what will emerge, from a systemic perspective, should be more durable. I put my trust in science.
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03-02-2020, 02:38 PM
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#5
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Thinks s/he gets paid by the post
Join Date: Aug 2005
Location: Crownsville
Posts: 3,695
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Yep, as a percentage basis, it doesn't even make the top 20, according to Wikipedia, at least. https://en.wikipedia.org/wiki/List_o...strial_Average
Still, I'm more than happy to take it!
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03-02-2020, 02:42 PM
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#6
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2008
Posts: 13,127
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A nice bounce indeed!
Makes me wonder more now what will happen tomorrow .
__________________
Have you ever seen a headstone with these words
"If only I had spent more time at work" ... from "Busy Man" sung by Billy Ray Cyrus
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03-02-2020, 02:43 PM
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#7
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Thinks s/he gets paid by the post
Join Date: Dec 2016
Location: DC area
Posts: 2,464
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Quote:
Originally Posted by Andre1969
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For completeness and perspective, none of last week's drops made the 20 worst either.
__________________
FI and Semi-ER March 24, 2017
Consulting to stay engaged
"All models are wrong, some are useful." - George Box
“There is always a well-known solution to every human problem: neat, plausible, and wrong.” - H.L. Mencken
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03-02-2020, 02:44 PM
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#8
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2018
Location: Tampa
Posts: 11,197
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2008 had days like this too, before more losses.
Nevertheless, a good day.
__________________
TGIM
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03-02-2020, 02:48 PM
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#9
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Thinks s/he gets paid by the post
Join Date: Dec 2015
Location: Michigan
Posts: 4,939
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Was half of the YTD loss for me.
__________________
"The mountains are calling, and I must go." John Muir
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03-02-2020, 02:53 PM
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#10
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2018
Location: Tampa
Posts: 11,197
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Quote:
Originally Posted by DrRoy
Was half of the YTD loss for me.
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Haven't seen the Fidelity figures yet, but should also be about half for me too.
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TGIM
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03-02-2020, 02:58 PM
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#11
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Recycles dryer sheets
Join Date: Jun 2017
Posts: 98
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What media headlines will hit tonight to make the algo's go wild tomorrow? There is so little substance in what we are observing.
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03-02-2020, 03:02 PM
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#12
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2008
Posts: 12,566
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Poor dead cat, briefly resurrected by promise of largely ineffective "interventions."
__________________
If you understood everything I say, you'd be me ~ Miles Davis
'There is only one success – to be able to spend your life in your own way.’ Christopher Morley.
Even a blind clock finds an acorn twice a day.
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03-02-2020, 03:26 PM
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#13
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Thinks s/he gets paid by the post
Join Date: Sep 2013
Location: Ventura County
Posts: 1,431
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Textbook definition of volatility: wild swings in both directions. More to come I'd expect.
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03-02-2020, 03:49 PM
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#14
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Oct 2005
Location: North Oregon Coast
Posts: 16,483
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Someone stuffed the dead cat with superballs. Or maybe flubber.
The only thing I feel comfortable predicting is very high volatility. Could be up, could be down, could be whipsawing mostly sideways, but I suspect a lot of days with moves of (say) 1.5% or more are in the future.
__________________
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)
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03-02-2020, 04:02 PM
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#15
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Recycles dryer sheets
Join Date: Sep 2018
Location: High Plains Non-Drifter
Posts: 314
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Quote:
Originally Posted by ziggy29
The only thing I feel comfortable predicting is very high volatility. Could be up, could be down, could be whipsawing mostly sideways, but I suspect a lot of days with moves of (say) 1.5% or more are in the future.
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+1
Agreed.
The additional things I'm comfortable predicting are: (1) the state of scientific knowledge will be better tomorrow than today; and (2) barring a scientific anomaly, a successful vaccine is under development.
I'd also surmise that supply chains, driven by Adam Smith's invisible hand, are becoming more durable even as we speak.
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03-02-2020, 04:09 PM
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#16
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2003
Posts: 18,085
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Classic dead cat after a historically fast correction. Rate cuts don't cure viral pneumonia or destroyed supply chains. The outbreak is rapidly getting worse in the US and elsewhere. People are starting to ransack every retail store in some areas and a grocery trade organization suggested that members consider a number of steps including limiting how much individual customers can buy of high demand items. The equity market bounce today is not reflective of the real world, so far as I can tell.
__________________
"All animals are equal, but some animals are more equal than others."
- George Orwell
Ezekiel 23:20
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03-02-2020, 04:12 PM
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#17
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Recycles dryer sheets
Join Date: Sep 2018
Location: High Plains Non-Drifter
Posts: 314
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Quote:
Originally Posted by brewer12345
Classic dead cat after a historically fast correction. Rate cuts don't cure viral pneumonia or destroyed supply chains. The outbreak is rapidly getting worse in the US and elsewhere. People are starting to ransack every retail store in some areas and a grocery trade organization suggested that members consider a number of steps including limiting how much individual customers can buy of high demand items. The equity market bounce today is not reflective of the real world, so far as I can tell.
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I categorically reject such thinking.
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03-02-2020, 04:15 PM
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#18
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Recycles dryer sheets
Join Date: Aug 2017
Posts: 394
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Quote:
Originally Posted by Andre1969
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? Isn't it #7 as a percentage basis, on that link you include.
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03-02-2020, 04:19 PM
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#19
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2007
Posts: 14,328
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Darn and I was just getting ready to sell.
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03-02-2020, 04:25 PM
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#20
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Recycles dryer sheets
Join Date: Sep 2018
Location: High Plains Non-Drifter
Posts: 314
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Quote:
Originally Posted by brewer12345
Classic dead cat after a historically fast correction. Rate cuts don't cure viral pneumonia or destroyed supply chains. The outbreak is rapidly getting worse in the US and elsewhere. People are starting to ransack every retail store in some areas and a grocery trade organization suggested that members consider a number of steps including limiting how much individual customers can buy of high demand items. The equity market bounce today is not reflective of the real world, so far as I can tell.
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Really? Let's break this hyperbole down.
"People are starting to ransack every retail store in some areas ...."
Evidence please?
The brewer12345 post above is the worst form of alarmism.
Scientists and governments are all over this. As to the former, the world's best and brightest scientists are on the case.
I'm standing by, waiting for live footage of retail establishments being ransacked.
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