Scholarship table
The market had many, many up days, with significant gains, between Oct 2008 (when many thought it had bottomed) and 3/9/09 (when it actually did, finally, bottom). They're commonly referred to as "dead-cat bounces." Unfortunately, we won't know what these little upward blips are, or whether the market did in fact hit a bottom last week, until we can look back in hindsight months or even years from now.
Stocks go up, stocks go down. Not picking on you personally, but people are too eager to label every green day as a "dead cat bounce". Some are just pressure release of oversold conditions, some are better than expected "bad news", some are just major hedge funds with a bearish bias taking a day off of short positions.People freaking out about a green market today ignore the 8% drop on over the last few days. The futures bounced hard on overnight oversold conditions and then sold off pretty hard once the actual numbers came out. Aka, the market front ran the bad news the last few days (buy the rumor, sell the news as we often here...though reversed to the downside), and the fact that it was worse than expected kind of erased the second portion.People, especially in bad times, just assume everything needs to be an elevator down or the market has to surge/crater in real time.
It's true that there are market rallies during bear markets, but that is not the point. The point is no one knows when it will bottom or if it has already. The market will bottom well before the headlines start to turn positive. There will be some ugly numbers being reported over the next few weeks, the markets know that already. Long-term investors should stay invested and not pull out and try to jump back in. They likely won't have a reason to get back in the market because the news will still look bad and won't believe any rally is for real when there are so many negative headlines. By the time the news improves, they will have missed a market recovery.
haven't really followed the price of 3M, but they are going to get a big $panking were sending n95's masks(280 million) over seas while our supplies are in the red zone
The man in charge said he didn't want to interfere with the market, and let the market handle it. That is what the market dictated. The person who should get a spanking is the one who didn't execute the defense production act for this very reason. Shame! Shame! Shame!
Politics. Calm down. Grow up.
Hussein
No. You guys are too predictable. 3M was wrong. They didn’t need the dpa to tell them anything. Do the damn right thing-period. They sold the country out and their timing was a little off. Whoever directed those sales for 3M is a treasonous moron. I just wish you guys were just 1/2 as critical on Hussein, as you are today. you know the scandal free one?
Perfect.When the debate is lost, go to "whataboutism." And then ramp up the hate by calling him Hussein. Well done, Rush.
Back to investing ...Are folks buying anything this week?I'm trying to stay very patient.
Dumped a bunch into LK yesterday and today, average around $6. Accounting fraud is bad, yes, however, that came post-IPO. The IPO price, which was fairly vetted, was $17. I think it has potential to rise back to those levels fairly easily.Additionally, LK grabs market share cause its about a third of the price of SBUX in China. The consumer isn't going to stop drinking coffee at that price cause of accounting malfeasance. Additionally, they do a lot of grab and go and pick up business which will still thrive in a cautious post-COVID environment.
Well, I bought SPY puts. My next mark for any new money is at 40% off the all-time highs, having already put in nearly the full amounts I had previously allocated at 20% and 30% down. So far those purchases are holding up ok, but I too expect another leg down here. I feel like the totally uncoordinated effort of stay-at-home orders and enforcement are going to draw this crisis out into the summer, and I think the death tolls are likely to get bad in the next 2-3 weeks.
No. You guys are too predictable. 3M was wrong. They didn’t need the dpa to tell them anything. Do the damn right thing-period. They sold the country out and their timing was a little off. Whoever directed those sales for 3M is a treasonous moron.
What month and strike price? Volatility has fallen a lot but is still high.
April 17 strike. As far as strike price...I'll only say that I bought these a while back and you are right, volatility has tamped down and now the time premium is eroding so I am underwater currently. I was (am) thinking there is going to be a leg down as the death toll mounts, but I may be running out of time on these puts.