Stock scream room

Discussion of the Stock portion of the Permanent Portfolio

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dualstow
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Re: Stock scream room

Post by dualstow » Fri Jun 05, 2020 9:17 am

Gold is well below 1700. 30-year Treasury bond prices are falling.
Stocks up big time.
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Cortopassi
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Re: Stock scream room

Post by Cortopassi » Fri Jun 05, 2020 9:20 am

All is well. Nothing happened.
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Re: Stock scream room

Post by mathjak107 » Fri Jun 05, 2020 9:26 am

the same as flight to safety drives up gold and treasuries , risk on again crushes them .
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dualstow
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Re: Stock scream room

Post by dualstow » Thu Jun 11, 2020 2:04 pm

Stocks down 6%, Thu Jun 11 3:00PM EST
added:
down 7% 3:30 EST
Last edited by dualstow on Thu Jun 11, 2020 2:31 pm, edited 1 time in total.
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Re: Stock scream room

Post by pmward » Thu Jun 11, 2020 2:11 pm

It is indeed ugly out there. S&P testing 3000 currently, which is an extremely important level to hold for many reasons. Definitely feels more like March today than like May.
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Re: Stock scream room

Post by Tortoise » Thu Jun 11, 2020 2:52 pm

Gotta love the stock market. Does well for weeks, then it suddenly shits its pants for no apparent reason. ;D
Joe is just Biden his time now.
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Re: Stock scream room

Post by dualstow » Thu Jun 11, 2020 2:54 pm

Tortoise wrote:
Thu Jun 11, 2020 2:52 pm
Gotta love the stock market. Does well for weeks, then it suddenly shits its pants for no apparent reason. ;D
Seems to be partly fears of the 2nd wave of corona and partly Powell's gloomy outlook.
What I'm not sure of was the reason the market rose so fast in the first place. :-) Wishful thinking, I guess.
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Re: Stock scream room

Post by pmward » Thu Jun 11, 2020 3:07 pm

dualstow wrote:
Thu Jun 11, 2020 2:54 pm
Tortoise wrote:
Thu Jun 11, 2020 2:52 pm
Gotta love the stock market. Does well for weeks, then it suddenly shits its pants for no apparent reason. ;D
Seems to be partly fears of the 2nd wave of corona and partly Powell's gloomy outlook.
What I'm not sure of was the reason the market rose so fast in the first place. :-) Wishful thinking, I guess.
The market performs the BEST when things are REALLY bad, but speculation is that things will be less bad going forward. At the same time, there have been a lot of shorts that have been burned over and over again, who have been just itching to try to drop the market. It wasn't the news that caused the spike or the selloff, the news was simply the excuse for people to finally do what they have already been wanting to do. It was a lot of pent up aggression. 48% single day spike in the VIX goes to show how extreme that pent up emotion was.
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Re: Stock scream room

Post by Ad Orientem » Thu Jun 11, 2020 3:25 pm

I'm gonna go out on a limb here and opine that the bear market rally may finally be loosing steam as Wall Street has been getting a reality check on how bad things are, and are likely to remain for some time.
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Re: Stock scream room

Post by dualstow » Thu Jun 11, 2020 3:40 pm

Ad Orientem wrote:
Thu Jun 11, 2020 3:25 pm
I'm gonna go out on a limb here and opine that the bear market rally may finally be l(o)sing steam as Wall Street has been getting a reality check on how bad things are, and are likely to remain for some time.
Just yesterday, so many voices were saying 'hey, maybe it's going to be a V-shaped recovery after all."

I would like to ascribe the plunge to rational thought, even belated, suddenly arrived rational thought, but...why start (being rational) now? O0
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Re: Stock scream room

Post by pmward » Thu Jun 11, 2020 3:48 pm

dualstow wrote:
Thu Jun 11, 2020 3:40 pm
but...why start (being rational) now? O0
Exactly this!! The stock market is never rational. We could turn around and be up 5% tomorrow. Then again we could also be down another 5% tomorrow. Either way the media will try to spin it after the fact to force it into some picture they want to paint, just like last week they were painting the bullish picture and this week they are painting the bearish picture.
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Re: Stock scream room

Post by doodle » Sun Jun 14, 2020 12:05 am

From my perspective we are seeing Wall Street manipulating increased volatility to drive profits. Returns must be made and for insiders and professionals that is aided by increased volatility. The fact that market touched on January highs when the future prosperity of the world is hanging by a tenuous thread and suffering from historically high unemployment says to me that this is past the realm of irrational...there is gamesmanship going on.
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