Re: DOW headed to 1,000 point drop
[Re: Canvasback2]
#6789530
03/02/20 09:58 AM
03/02/20 09:58 AM
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Joined: Oct 2007
Posts: 4,460 havelock, NC
Rye
trapper
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trapper
Joined: Oct 2007
Posts: 4,460
havelock, NC
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"T" is more like a bond.. pays decently and has it's ups an downs but is fairly stable. Ford isn't a bad look at this price for the same reasons.
"Don't go around saying the world owes you a living; the world owes you nothing; it was here first. " --Mark Twain.
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Re: DOW headed to 1,000 point drop
[Re: white17]
#6789554
03/02/20 10:39 AM
03/02/20 10:39 AM
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Joined: Oct 2007
Posts: 4,460 havelock, NC
Rye
trapper
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trapper
Joined: Oct 2007
Posts: 4,460
havelock, NC
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White
things are leveling off now. I doubt there will be another drop today. Monday on the other hand is a long way away. 5 minutes to the opening bell and it looks like an up day..........until someone sneezes. Beware ISM at 10 a.m ET Watching with my pick list in hand.
"Don't go around saying the world owes you a living; the world owes you nothing; it was here first. " --Mark Twain.
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Re: DOW headed to 1,000 point drop
[Re: Canvasback2]
#6789570
03/02/20 11:11 AM
03/02/20 11:11 AM
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Joined: Apr 2014
Posts: 7,084 MO
cfowler
trapper
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trapper
Joined: Apr 2014
Posts: 7,084
MO
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Watching to see if this start is the momentum created near the close Friday. Lot of banking influence in some overseas markets before we opened this morning. Blood in the streets. Still a ways to go before that could occur. Big capital still sitting on the sidelines. Just a lil nose-bleed last week.
I trap for fun. I skin 'em for the money! Grinners For Life-Lifetime Member, MO Chapter, Den #1 ~You Grin, You're In~
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Re: DOW headed to 1,000 point drop
[Re: white17]
#6789577
03/02/20 11:26 AM
03/02/20 11:26 AM
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Joined: Dec 2011
Posts: 10,404 MT
snowy
trapper
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trapper
Joined: Dec 2011
Posts: 10,404
MT
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ISM = 50.1 A real squeaker !! Could go either way There is many indicators in the financial world that may or may not dictate the markets on any given day. Ag, Travel, Oil etc. etc. just a small field on indicators to create a full picture. With that said, indicators are just that no one can predict the markets totally. China’s official Purchasing Managers’ Index (PMI) fell to a record low of 35.7 in February from 50.0 in January 2020. The PMI is as important to follow as any and global economy's.
Give me a fish, I will eat for a day. Teach me to fish, I will eat for a lifetime
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Re: DOW headed to 1,000 point drop
[Re: Canvasback2]
#6789579
03/02/20 11:30 AM
03/02/20 11:30 AM
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Joined: Apr 2014
Posts: 7,084 MO
cfowler
trapper
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trapper
Joined: Apr 2014
Posts: 7,084
MO
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PMI's are definitely top of the list watchers.
Freight indexes another. For me anyways.
I trap for fun. I skin 'em for the money! Grinners For Life-Lifetime Member, MO Chapter, Den #1 ~You Grin, You're In~
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Re: DOW headed to 1,000 point drop
[Re: Canvasback2]
#6789624
03/02/20 12:33 PM
03/02/20 12:33 PM
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Joined: Jan 2008
Posts: 9,227 Alaska and Washington State
waggler
trapper
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trapper
Joined: Jan 2008
Posts: 9,227
Alaska and Washington State
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It seems that the market wants to go back up. The big sell-off seems to be due to concern over "what-ifs" not on the current fundamentals of the overall economy. Just my opinion.
"My life is better than your vacation"
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Re: DOW headed to 1,000 point drop
[Re: Canvasback2]
#6789629
03/02/20 12:41 PM
03/02/20 12:41 PM
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Joined: Dec 2011
Posts: 10,404 MT
snowy
trapper
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trapper
Joined: Dec 2011
Posts: 10,404
MT
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^ there was a lot of buying last Friday as things went south. Buying or selling has a huge implications for the direction of markets. That is why when investors panic sell and see some clouds in the sky they jump ship, creates a false market in a sense.
I'm still watching the storm, not in any hurry to make a move yet. If it drops under 25K I might then get my feet muddy then. I want the lowest I think I can buy to reap the largest gains for the long haul.
Last edited by snowy; 03/02/20 01:08 PM.
Give me a fish, I will eat for a day. Teach me to fish, I will eat for a lifetime
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Re: DOW headed to 1,000 point drop
[Re: Canvasback2]
#6789631
03/02/20 12:44 PM
03/02/20 12:44 PM
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Joined: Mar 2013
Posts: 17,039 Fredonia, PA.
Finster
trapper
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trapper
Joined: Mar 2013
Posts: 17,039
Fredonia, PA.
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I'll bet it closes up for the week..... way up....
I BELIEVE IN MY GOD, MY COUNTRY AND IN MYSELF.
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