Stocks Crash Revives Memories of 2008, What Next For S&P Futures

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  • #14798
    TradersCom
    Keymaster

    Stocks and the S&P 500 Index crashed on…

    [article]555[/article]

    #14800
    MoneyNeverSleeps
    Participant

    Well that gets rid of the no risk theory pushed by brokers and analysts

    #14801

    [b][color=teal][size=5]About 2 or 3 weeks ago just before GOVT SHUTDOWN #1 — I moved all 401K and IRA MUTUALs to safety (MONEY MKT) … after a strong 300+ point surge on DOW — I felt even 26,100 was too good to be true (with no corrections in past 3 years or so) … I’ve been doing that type of approach for decades now — as if you don’t LOCK in profits, you sometimes have to “re-earn” them all over again 🙂

    I believe equities still will rebound due to great TAX advantages & deregulations … but that does take time to filter down to the workers, etc. While I’m 99% cash, I’ll be buying back in gradually … I don’t know if this is a small or the GREAT correction that is long overdue, but with GOVT shutdown II looming, we do have a little uncertainty ahead.

    One good reminder for all — STOCKS go DOWN faster than they go UP (which is why it is difficult to exit markets)

    Still, even if we go higher, one cannot ignore RISKS in the 30% upside in equities — which even better investment climate has not filtered down fully yet(as economy is not 30% better for the average citizen yet) … I’m neither BEARISH or BULLISH — but cautious all the way :)[/size][/color][/b]

    #14809
    Assistanc3
    Participant

    We could see another run up in the stock market when Trump gets an infrastructure bill signed
    I’m still trying to figure out how the ATL Fed see’s +5% GDP and the only way I see it, is with an Dwight D Eisenhower type of infrastructure spending

    #14822
    MoneyNeverSleeps
    Participant

    I read that report here also – they added a full percentage point from ISM and Construction – the great infrastructure bill is expected by many – it would be a disaster for many if doesn’t happen

    #14829
    ThePitBoss
    Participant

    CBOE Volatility Index $VIX

    Last Updated: Feb 5, 2018 12:59 p.m. CST
    21.74 4.43 25.59%

    #14830
    KnovaWave
    Participant

    Updating with Fib levels on weekly from Trump election win night (blue) and previous low prior (white)

    #14831

    this may be a 1,000 point day (down 900 now) :woohoo:

    #15485
    MoneyNeverSleeps
    Participant

    Well that turned around quickly stocks soared after NFP

    The first day since since January 26th a major index closed at a record level and those crashes in between, The Nasdaq composite index rose 1.79% today above the January 26th high and high close at 7505.77 at 7560.81, up 132.87 points.

    The S&P closed the day at 2786.57, up 47.60 points or 1.74%
    The Dow closed up 440.53 points or 1.77% at 25335.74.

    For the week

    The NASDAQ rose 4.17%
    The S&P index rose 3.54%
    The Dow industrial average rose 3.25%

    For the year to date:

    The Dow is now up 2.49%
    The S&P index is up 4.23%, and the
    NASDAQ composite index is up nearly 10% at 9.52%.

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