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I don't think I've ever seen a market dive like it did today

Discussion in 'Stocks & Investments' started by kairo, Oct 6, 2020.

  1. Oct 6, 2020 at 12:46 PM
    #1
    kairo

    kairo [OP] Well-Known Member

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    Y'all catch this? Announcement that stimulus negotiations will be postponed until after the election and the market nosedived. It was doing fine all morning. Wild stuff.
     
    pdaddy and BillsSR5 like this.
  2. Oct 6, 2020 at 12:57 PM
    #2
    Pablo8

    Pablo8 Juan Fresh Taco

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    Actually normal.
     
  3. Oct 6, 2020 at 1:00 PM
    #3
    kairo

    kairo [OP] Well-Known Member

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    How is that normal? When was the last time the market was up by 1.5% and then dropped 3% within a couple hours?
     
  4. Oct 6, 2020 at 1:03 PM
    #4
    BillsSR5

    BillsSR5 Looking out for #1

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    no Stimuli bill, end of story unfortunately
     
  5. Oct 6, 2020 at 1:05 PM
    #5
    Pablo8

    Pablo8 Juan Fresh Taco

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    It happens. And will happen again. Either be ready for it, or don't pay so much attention.

    Throwing money at the economy is not normal, but I suppose we have gotten a bit more sophisticated at turning the knobs and dials.
     
    t.hornstra and doublethebass like this.
  6. Oct 6, 2020 at 1:14 PM
    #6
    Pablo8

    Pablo8 Juan Fresh Taco

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    https://en.wikipedia.org/wiki/List_...Industrial_Average#Largest_percentage_changes

    I didn't search for the other indices. It happens is all I am saying, this won't even be a blip in history. It's pretty normal over a long history period.

    I was buying VXX and SQQQ. Today I ended up in the green, thanks mainly to PLTR, SQQQ and IDA. Also some of my Oct 16 covered calls evened out today.
     
  7. Oct 6, 2020 at 1:17 PM
    #7
    batacoma

    batacoma Well-Known Member

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    Will the deals on new Tacomas be rolling in?
     
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  8. Oct 6, 2020 at 1:18 PM
    #8
    GarlicFarts

    GarlicFarts Bang Ding Ow

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  9. Oct 6, 2020 at 2:55 PM
    #9
    TreeFortRichard

    TreeFortRichard Hmmm..$o many repairs?

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    I see no external forces exerting influence on the market. It reacted intrinsically due to a juxtaposition of Uranus and a near planetary syzygy.
     
  10. Oct 6, 2020 at 4:03 PM
    #10
    TreeFortRichard

    TreeFortRichard Hmmm..$o many repairs?

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    DOW Still closed 100pts ABOVE Friday at 15:45....
     
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  11. Oct 6, 2020 at 4:04 PM
    #11
    Pablo8

    Pablo8 Juan Fresh Taco

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    Huahahuhuah hahahhaa Uranus. o_O:D:bananadead::poking:
     
  12. Oct 6, 2020 at 4:05 PM
    #12
    TreeFortRichard

    TreeFortRichard Hmmm..$o many repairs?

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    This may be your best opportunity to grab up UPS before their earnings coming around 10/20 to 10/26. You need to buy the 20NOV2020 $165 @$1225...these were $800 on friday and I am kicking myself... or if you want $170 call @$950.
     
    Fohu likes this.
  13. Oct 6, 2020 at 4:06 PM
    #13
    TreeFortRichard

    TreeFortRichard Hmmm..$o many repairs?

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    REal NeWz FrUm S3PTemBurr
    https://www.wnep.com/article/news/n...ries/507-0cce24f7-71ba-4237-8027-12e9353216db
     
  14. Oct 6, 2020 at 4:09 PM
    #14
    TreeFortRichard

    TreeFortRichard Hmmm..$o many repairs?

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    Same problem with Calls...FB and AMD lost a LOT of $$$ today...back to scratch...I wish I got a tip so I could close them at 14:45 and buy them back at 15:40
     
  15. Oct 6, 2020 at 4:19 PM
    #15
    TreeFortRichard

    TreeFortRichard Hmmm..$o many repairs?

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    Could get a



    OR a

     
  16. Oct 6, 2020 at 4:26 PM
    #16
    pdaddy

    pdaddy WeLl-KnOwN mEmBeR

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    The investment thread is back baby!!:D
     
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  17. Oct 6, 2020 at 4:26 PM
    #17
    jmaack

    jmaack Well-Known Member

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    Ome, Sqeak free dakars, arms, skids, sliders.
    you missed it diving 3000pts a few months back?
     
  18. Oct 6, 2020 at 4:34 PM
    #18
    TreeFortRichard

    TreeFortRichard Hmmm..$o many repairs?

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    [​IMG]
     
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  19. Oct 6, 2020 at 4:35 PM
    #19
    TreeFortRichard

    TreeFortRichard Hmmm..$o many repairs?

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    This was 1/10th of that...Imagine it does this through October 19th...
     
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  20. Oct 6, 2020 at 4:51 PM
    #20
    jmaack

    jmaack Well-Known Member

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    Ome, Sqeak free dakars, arms, skids, sliders.
    let's hope not.
     
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