General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region Forums+1,086.25 Largest single day point gain in history
Give it a couple days though!
Interesting, if nothing else.
bluestarone
(17,043 posts)The shit hits the fan!!!!!!! No doubt in my mind this market FAKE NEWS!!!!!!!!!!!!!!!!!!!
LuckyCharms
(17,459 posts)and then the big players will take it down again.
malaise
(269,177 posts)These goons terrify me.
OliverQ
(3,363 posts)After the worst Christmas Eve drop ever, it magically has the best day ever the next day it opens? Sounds like the market is being gamed.
Scary. This fucker is evil
A HERETIC I AM
(24,379 posts)Fear and Greed.
Perhaps a lot of the traders saw a lot of bargains.
Perhaps the last few days/weeks were oversold.
Perhaps the reassurance the Chairman of the Federal Reserve is safe instilled a bit of confidence.
As I said, it's interesting, if nothing else.
onenote
(42,768 posts)See post 14.
old guy
(3,283 posts)Mr. Quackers
(443 posts)and it's pretty much all a scam.
The only way you can win this game is not to play.
Unless $100 is like $1 to a person, then it doesn't make a fuck.
A HERETIC I AM
(24,379 posts)That is demonstrably not true.
YessirAtsaFact
(2,064 posts)If Trump can shut up about it again tomorrow, the rally may continue.
If he jumps on Twitter and starts harping on interest rates again, who knows?
Recently its like OrangeTurd has been trying to talk us into a recession. If he can just STFU about the Fed for a few days, the markets may calm down.
Afromania
(2,771 posts)It feels like the flickering of a light bulb on the verge of burning out
onenote
(42,768 posts)They are more frequent these days, although in terms of percentages, they are less extreme. For example, todays 1086 gain is 4.98%, and that wouldn't come close to making it onto the list of the top 20 gaining days in terms of percentages.
Big losses followed by big gains and vice versa are unsettling but not surprising to anyone who follows the market.
To give a few examples:
October 2008: On October 9 and 10, the market dropped 678 and 138 points respectively, followed on Oct. 13 (the next trading day) by a gain of 936 points, only to give it back two laters with a drop of 733 points.
Admittedly, 2008 isn't the best year to use since the market was in definite crash mode along with the rest of the economy. So here's another couple of examples
August 2011. On the 8th the market dropped 634 points. On the 9th, it gained most of it back, climbing 429 points.
August 2015. On the 24th the market dropped 588 points. On the 26th, it gained 619 points.
Stuart G
(38,448 posts)In simple terms: It may look like a big deal, and feel like a big deal..and talk like a big deal..........
guess what??? it ain't a big deal,.. we will say it .... again, ......
onenote is correct.......This ain't no big deal please, believe us, we have watched the market a VERY long time...
............................ IT AIN'T NO BIG DEAL!!!!! .................................................................
CaptainTruth
(6,602 posts)Everything is on sale & investors buy.
I expect another rally if an agreement on tariffs is reached with China, that will drive the market up for a while.
Long term though, Republican supply-side economics will drag down the economy like they always have, until something changes.
Time to keep an eye on gold & precious metals funds.
torius
(1,652 posts)It was down that much in just two days of trading. It's down 4000 very recently. Computer algorithms drive trading, making huge buys and sells, causing wild swings.
Totally Tunsie
(10,885 posts)LakeSuperiorView
(1,533 posts)I'm personally feeling not too bad with my 401K being still in positive territory for the year. I reduced my stock exposure at a good time. Trump might brag on the largest point gain, but he'd be wise to keep his mouth shut. 8% down is nothing to brag about. The next three market days should be interesting.
Adrahil
(13,340 posts)randr
(12,417 posts)Hundreds of 6 year olds work themselves into an emotional financial frenzy with other peoples money.
Our economy is more faith based then our religious orders.
duforsure
(11,885 posts)And this swing upward will soon be gone , and the bottom will be a lot lower than it was, and more bad days are ahead. The recession is coming soon from what trump and the gop have done to the economy by giving trillions to the wealthy, and robbing trillions from the rest of us. Its only a matter of time before its really bad under trump and the gop.
Hoyt
(54,770 posts)presided over the biggest Christmas Eve market rout. Today, trump can say he presided over the biggest single day point gain.
The market is very volatile, but it's probably not our best criticism of trump. Plus, his real supporters don't care. Most can't count, and just hate people based on their color.
Response to A HERETIC I AM (Original post)
elocs This message was self-deleted by its author.
A HERETIC I AM
(24,379 posts)The market does what it does.
I don't cheer ups or downs.
Response to A HERETIC I AM (Reply #20)
elocs This message was self-deleted by its author.
onethatcares
(16,185 posts)I wonder what this value is based on. Both positive and negative.
It's not like someone created something for the good of mankind and they are now putting it on the market,
nor is it like one company has outshone (shined?) the other in creating income.
I'm a bit lost here. Know that I have nothing in the market. As a self employed carpenter the good months got
eaten up by the bad months years ago. Wasn't much to invest with left.
A HERETIC I AM
(24,379 posts)(As the Wiki article suggests, the "Industrial" portion is mostly historical, as the index contains numerous companies that are by no means classical industrial firms, such as Home Depot, Apple and WalMart)
The way the DJIA is calculated can easily be found via a Google search, but essentially the price of a given stock is a representation of the perceived FUTURE profitability of the company. The DJIA reflects the entire list of the 30 issues.
When a stocks price rises, traders are speculating that it will be more profitable in the future. The opposite is true when the price declines.
Share prices are in effect based on a bid/ask system. In other words, if there are more buyers than sellers, the seller can "ask" for more than the current share price. When there are more sellers than buyers, the buyer can "bid" below the current price. This trend is what pushes share prices one way or the other.
As was mentioned in another post, a huge amount of the daily volume is done via automated computer algorithms, but there are still huge numbers of trades entered by individuals as well.
Demovictory9
(32,475 posts)Stuart G
(38,448 posts)Howard Devoto
(2 posts)Isn't it better to hope it comes soon so that it negatively affects trump and ruins his chances for reelection? It could be the thing that determines whether trump is a 1 or 2 term president.
Are these pretty much the 3 choices?
1. We have a recession soon, it screws trumps chances for reelection, and we start putting the country back together in 2021.
2. We have a recession after trump is elected for his 2nd term and we deal with 4 more years of misery with an ever tumbling economy.
3. We have a recession after a Democrat is elected in the next election, they take the blame, and are less likely to win reelection.
roamer65
(36,747 posts)We will lose this 1000 points fairly soon.
Dump ruins everything he touches.
onenote
(42,768 posts)dlk
(11,578 posts)A HERETIC I AM
(24,379 posts)But one good day does not a rally make!
Wounded Bear
(58,713 posts)A HERETIC I AM
(24,379 posts)Possibly hundreds of systems, from Insurance companies to Mutual Fund companies to Pension Funds saw price points that triggered buy orders.
Human sentiment drives trading as well, so ....as far as what happens Thursday....
If anyone has a reliable, 100% accurate way of predicting, please post! I'll put everything into the right options contract!
kentuck
(111,110 posts)...by talking about firing the Fed chair.
A HERETIC I AM
(24,379 posts)Traders don't like uncertainty, and that bullshit escalated it pretty well.
obamanut2012
(26,142 posts)budkin
(6,716 posts)And citing today as an example.