Economy
Related: About this forumSTOCK MARKET WATCH - Thursday, 19 March 2020
STOCK MARKET WATCH, Thursday, 19 March 2020
Previous SMW:
SMW for 18 March 2020
AT THE CLOSING BELL ON: 18 March 2020
Dow Jones 19,898.92 -1,338.46 (6.30%)
S&P 500 2,398.10 -131.09 (5.18%)
Nasdaq 6,989.84 -344.94 (4.70%)
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Market Conditions During Trading Hours:
Google Finance
MarketWatch
Bloomberg
Stocktwits
Yahoo International
CNN Money Premarket
(click on links for latest updates)
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Currencies:
Gold & Silver:
Petroleum:
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DU Economics Group Contributor Megathreads:
Progree's Economic Statistics (with links!)
mahatmakanejeeves' Rail Safety Megathread
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This thread contains opinions and observations. Individuals may post their experiences, inferences and opinions on this thread. However, it should not be construed as advice. It is unethical (and probably illegal) for financial recommendations to be given here.
progree
(10,918 posts)In other news, S&P 500 closed Wednesday at 2398 down 29.2% from its February peak.
The 3 biggest post-Great Depression stock market dives (1973-75, 2000-01, 2007-09) and the time to recover:
https://www.democraticunderground.com/?com=view_post&forum=1116&pid=87804
That's going to make the market a bloodbath tomorrow.
Not good. A few weeks ago, when COVID-19 was revving up, I told my mother to sell everything for now. EVERYTHING, get out, and go wherever her financial advisor told her to go that was super-safe (I'm not familiar with all of the investment interests out there these days). She told me the other day that I saved my inheritance with that advice, because she cashed out the next day--which was I think a day or two before the DJIA peaked, and did well. Not a huge killing, she wasn't that heavily invested, but enough to make a big difference.
Funny, when she called him to sell, her advisor told her she was crazy, market's soaring, you're going to regret it!
Yeah, how did that work out, cupcake?
progree
(10,918 posts)following week (week ending March 21). But one week at a time.
Aquaria
(1,076 posts)Of the market going under that of Obama's last day at a closing bell.
I still think it happens this week. I'll have to see what the futures look like in the morning. Right now, they look sickening.
Maeve
(42,288 posts)Altho it wouldn't surprise me if Friday ends up--like last week. But then, nothing would surprise me; that got drained out over the past three + years....
Futures down @1.5% an hour before opening.
Hugin
(33,198 posts)Does that sound petty? Well, it should because these guys are pettiness personified.
Tansy_Gold
(17,868 posts)Seriously, we here on SMW have watched this slow, unsustainable rise for years now, and we always knew it would fall. That it has come under these circumstances may not have been foreseen, but we knew the crash would come.
And eventually, the piper has to be paid, or else. It may be that we lose an entire generation, perhaps metaphorically, perhaps not. But the piper will demand his due.
All apologies to Robert Browning, Van Johnson and Claude Rains, Edvard Grieg, and the good people of Hamelin Town.
Hugin
(33,198 posts)Worse.
Hugin
(33,198 posts)Good selection.
Tansy_Gold
(17,868 posts)They changed it up completely a couple months ago, and searching for good 'toons has taken about five times as long as it used to. They also didn't have all the 'toonists online the way they used to. It's slowly getting better, and every once in a while someone has a really, really good one that I just love to jump on. This was one of those.
I can't take credit for drawing them, but I do try to find relevant and pointed ones. This was, indeed, one of the best.
Maeve
(42,288 posts)Already, state unemployment insurance offices are reporting real-time record spikes in claims. Virginia saw a 33-fold increase in unemployment claims this week, while Pennsylvania and Colorado reported increases of nearly 20 times the usual volume.
U.S. Stock Futures
S&P -71.75 / -2.99%
Level 2,329.75
Fair Value 2,384.54
Difference -54.79
Data as of 8:24am ET
Nasdaq -152.75 / -2.12%
Level 7,052.75
Fair Value 7,157.34
Difference -104.59
Data as of 8:24am ET
Dow -596.00 / -3.00%
Level 19,257.00
Maeve
(42,288 posts)DOW +0.95% 20,087.19 / +188.27
Nasdaq +2.30% 7,150.58 / +160.73
S&P +0.47% 2,409.39 / +11.29