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12-26-2018, 11:24 AM #1
- Join Date
- Apr 2018
- Posts
- 94
Markets reopen after worst-ever Christmas Eve
The stock market is trying to rebound from a disastrous Christmas Eve, but a morning rally quickly ran out of steam. The Dow turned negative Wednesday after opening 150 points higher.
The S&P 500 is inches away from entering a bear market. If it closes just 7 points lower, it will end the longest bull market in history. But investors haven't given up on the bull market just yet. The S&P 500 rose 0.2% and Nasdaq was up about 0.7% Wednesday.
"Stocks have fallen too far out in front of the real economy," said Chris Rupkey, managing director of MUFG. "I suspect there may be less human being trades selling stocks here, than there are just mindless computer-driven trades following the latest trend."
The Nasdaq is already in a bear market. The Dow would need to close down more than 300 points for that index to be in a bear.
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12-26-2018, 11:49 AM #2
- Join Date
- Oct 2014
- Location
- Naples, FL
- Posts
- 474
...a lot of gloom and doom on the horizon...
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12-26-2018, 12:16 PM #3
- Join Date
- Dec 2013
- Posts
- 4,713
I say ban the stock market. NO lawyer or contract needed they dont even need a judgment all you need to do is put your life savings into a trading account hit a few buttons and POOOF your entire life savings can be gone!!
Marcus Clapman | Business Development | Cresthill Capital
(High Commissions Payout Group)
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Tel: 917-521-6528 | Fax: 212.671.1473
Email: bizdev@cresthillcapital.com
http://www.cresthillcapital.com
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12-26-2018, 12:43 PM #4
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12-26-2018, 01:10 PM #5
- Join Date
- Jun 2018
- Posts
- 462
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12-26-2018, 10:19 PM #6
- Join Date
- Mar 2014
- Location
- Florida
- Posts
- 2,956
People should wait for the market to close before jumping off the bridge
https://www.foxbusiness.com
Dow soars 1,000 points, marks largest one-day gain everDave Lambert, Business Development
dave@fcbankcard.com
Merchant Services Consultant
High Risk Merchant Payment Solutions
SBA 7(a) Loans & Short-Term Funding
T/VM: 727-291-7890
Office: 727-233-1111
Skype: fc-financial
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12-27-2018, 05:58 AM #7
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- Oct 2016
- Posts
- 4,318
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12-27-2018, 11:36 AM #8
- Join Date
- Feb 2017
- Posts
- 3,432
https://www.foxbusiness.com
And it's down again. I'm not suggesting jumping off a bridge, but this is a bumpy ride!
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12-27-2018, 11:41 AM #9
- Join Date
- Oct 2016
- Posts
- 4,318
Historically, wild swings usually preclude recession or financial crisis. I think the market (and the economy) needs a correction. But these wild swings are scary stuff. Then you’ve got the Treasury Sec freaking everyone out with these calls to the major banks asking if they have enough money to operate. It’s like WTF.
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12-27-2018, 01:25 PM #10
- Join Date
- Nov 2016
- Posts
- 166
.....
Last edited by swiftcloser; 01-28-2020 at 09:56 AM.
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12-27-2018, 06:52 PM #11
- Join Date
- Dec 2018
- Posts
- 66
I made 20k today on the dip alone lol.
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12-28-2018, 08:02 AM #12
- Join Date
- Mar 2015
- Location
- Boynton Beach
- Posts
- 3,490
Kevin Henry
VP-Business Development
Seacoast Business Funding, a division of Seacoast Bank
561-850-9346
Kevin.Henry@SeacoastBF.com
1880 N Congress Ave., Suite 404
Boynton Beach, FL 33426
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