OT - Dow plunges 1,175 - worst point decline in history

[echappist]

Originally Posted by CunegoFan

“The line separating investment and speculation, which is never bright and clear, becomes blurred still further when most market participants have recently enjoyed triumphs. Nothing sedates rationality like large doses of effortless money. After a heady experience of that kind, normally sensible people drift into behavior akin to that of Cinderella at the ball. They know that overstaying the festivities that is, continuing to speculate in companies that have gigantic valuations relative to the cash they are likely to generate in the future will eventually bring on pumpkins and mice. But they nevertheless hate to miss a single minute of what is one helluva party. Therefore, the giddy participants all plan to leave just seconds before midnight. There’s a problem, though: They are dancing in a room in which the clocks have no hands.” -- Warren Buffett

The hangover from all this free money will be a doozy.

not sure if it's from the same shareholder letter, but he also mentioned how a bull run is like a high tide, and how it's when the tide recedes that it becomes clear who's swimming without trunks...

[oldpotatoe]

Originally Posted by Burnette

The Dow and all markets are indicators, like weather vanes, and oh how the wind changed direction for Boeing.

After solid gains versus Airbus, Boeing is under pressure for the cause of two tragic 737 aircraft crashes. Up one week, down hard the next, that's what makes it so hard to predict.

And Brexit. Wow. Teresa May gave her hoarse condemnation of the failed vote. This will linger and weigh on the markets even after a no deal hard exit, extended deadlines or, unbelievable though it could happen, squashing Brexit altogether.

I heard some Brit saying this was her's and her party's goal..to make it a mess and have another popular vote referendum(after May resigns)..the 'polls'(I know, I know) say that sentiment to stay in the EU is 'about 57%..

[Tony T]

Originally Posted by Tony T

Yes, and the Market soars! (except for financials)

…and falls

[echappist]

Originally Posted by Tony T

…and falls

but all in all, it has gone up this year

which is all to say, ignore the daily movements.

[echappist]

but the one daily movement that should draw attention is the following (highlighted in blue)

it would seem to suggest that there was a lot of movement into the long term bonds, thereby driving up their prices and lowering their yields. Why there are people buying up long term bonds says a lot about the psyche of investors.

[likebikes]

so hard brexit tomorrow?

because this is the stock market thread, any bets?

[echappist]

Originally Posted by likebikes

so hard brexit tomorrow?

because this is the stock market thread, any bets?

it got pushed back to April 12th, iirc

[Tony T]

NAZ back over 8,000, 1.25% away from record high set last August.

[Mzilliox]

have they figured out how to make it measure things that matter yet? no?

[Tony T]

Originally Posted by Tony T

NAZ back over 8,000, 1.25% away from record high set last August.

50 pts from all time high (S&P 10 pts from record high, Dow lags due to Boeing)

[Burnette]

Originally Posted by Tony T

50 pts from all time high (S&P 10 pts from record high, Dow lags due to Boeing)

Boeing, talk about market swings! Long term forecast look good next twelve months but Trade War/Brexit will continue to provide volatility.

[Tony T]

Originally Posted by Tony T

50 pts from all time high (S&P 10 pts from record high, Dow lags due to Boeing)

Both just passed record close of last August (but not intraday record -- yet)

[Tony T]

Stocks Just Hit a Record. Thank the Fed.

[Tony T]

Originally Posted by Tony T

Both just passed record close of last August (but not intraday record -- yet)

New intra day record highs for Naz and S&P

[froze]

All I know is that I increased my 403B deduction way back in Feb and I'm happy!