Market Watch

short ornery norwegian

Well-known member
Joined
Feb 9, 2011
Messages
10,502
Reaction score
2,084
Points
113
Found this bit of information:

Since World War II, bear markets have lasted 13 months on average, and stock markets tend to lose 30.4 percent of their value. During those conditions it usually takes stocks an average 22 months to recover, according to analysis from Goldman Sachs and CNBC.

the unanswered questions are - how long does this last and what impact does it have on the economy? Will there be a recession? Sounds like Wall Street did not like the President's response - they were apparently expecting more concrete steps to support the economy.
 

bottlebass

Main Member
Joined
Sep 27, 2013
Messages
16,330
Reaction score
690
Points
113
Found this bit of information:

Since World War II, bear markets have lasted 13 months on average, and stock markets tend to lose 30.4 percent of their value. During those conditions it usually takes stocks an average 22 months to recover, according to analysis from Goldman Sachs and CNBC.

the unanswered questions are - how long does this last and what impact does it have on the economy? Will there be a recession? Sounds like Wall Street did not like the President's response - they were apparently expecting more concrete steps to support the economy.
Good info thanks for diggin that up.

I think (and I have nothing to really back this up it's just my opinion) that our recovery will be fast. Maybe not as fast as this fall but really fast. Our economy was still so strong and humming along until this and a lot of the sell of is fear based and not based in reality.
 

Bad Gopher

A Loner, A Rebel
Joined
Nov 20, 2008
Messages
19,767
Reaction score
3,955
Points
113
Good info thanks for diggin that up.

I think (and I have nothing to really back this up it's just my opinion) that our recovery will be fast. Maybe not as fast as this fall but really fast. Our economy was still so strong and humming along until this and a lot of the sell of is fear based and not based in reality.
If it were just the virus thing and the oil thing, I'd agree. But there have been negative long-term indicators trending since last summer.
 

bga1

Well-known member
Joined
Nov 20, 2008
Messages
42,789
Reaction score
3,817
Points
113
Good info thanks for diggin that up.

I think (and I have nothing to really back this up it's just my opinion) that our recovery will be fast. Maybe not as fast as this fall but really fast. Our economy was still so strong and humming along until this and a lot of the sell of is fear based and not based in reality.
Smart post.
 

howeda7

Well-known member
Joined
Nov 22, 2008
Messages
50,934
Reaction score
8,400
Points
113
Tomorrow will get a bounce from the Congressional bailout.
 

LesBolstad

Well-known member
Joined
Nov 20, 2008
Messages
5,243
Reaction score
1,035
Points
113
Limit up open (5% cap). If gains don't hold today- even small ones; look out below. We could see another 40% drop from here. Keep your fingers crossed.
 

jamiche

Well-known member
Joined
Nov 13, 2008
Messages
22,001
Reaction score
1,974
Points
113
Good info thanks for diggin that up.

I think (and I have nothing to really back this up it's just my opinion) that our recovery will be fast. Maybe not as fast as this fall but really fast. Our economy was still so strong and humming along until this and a lot of the sell of is fear based and not based in reality.
68% of the economy is based on consumer spending. It's going to take quite a while for consumer confidence to return. Also, the stimulus package has to be robust with cash going directly to consumers. Payroll and other tax cuts won't cut it.
 

cjbfbp

Well-known member
Joined
Feb 23, 2014
Messages
7,486
Reaction score
2,098
Points
113
Good info thanks for diggin that up.

Our economy was still so strong and humming along until this and a lot of the sell of is fear based and not based in reality.
But fear is reality. Look at the economic impact of everything that has been cancelled and the effects of people hunkering down, not traveling, not going out, and spending less money. How many people who are close to retirement and have lost significant pension funds already are going to be hoarding cash over the next few years so they can leave their retirement funds untouched in the hope that those funds will have more time to recover?
 

Section2

Well-known member
Joined
Apr 30, 2009
Messages
46,862
Reaction score
2,682
Points
113
68% of the economy is based on consumer spending. It's going to take quite a while for consumer confidence to return. Also, the stimulus package has to be robust with cash going directly to consumers. Payroll and other tax cuts won't cut it.
payroll tax cut doesn't put cash directly into consumer pockets?
 

TruthSeeker

Well-known member
Joined
Nov 8, 2014
Messages
5,160
Reaction score
1,680
Points
113
Stop clamoring for stimulus! It doesn't work or help. Why are republicans and conservatives trying to get behind loser economics?
 

short ornery norwegian

Well-known member
Joined
Feb 9, 2011
Messages
10,502
Reaction score
2,084
Points
113
market is nuts today. at one point, Dow was up 1,000 over yesterday's close. Then it dropped 900 points. and now it's back up about 800 points. this is the definition of "volatility."
 

MplsGopher

Well-known member
Joined
Nov 4, 2017
Messages
21,229
Reaction score
4,618
Points
113
Who are these people?

"Sell, damn you, sell! Wait! I just changed my mind, buy G-D !! Ok hold on... sell!!"
 

Section2

Well-known member
Joined
Apr 30, 2009
Messages
46,862
Reaction score
2,682
Points
113
Not retirees, not students, etc.
Retirees already get cash from the government. They aren’t affected by an economic slowdown. Why would we give them more money?

students roughly the same boat. if they aren’t working, why exactly are we giving them more money? For what purpose?
 

GopherNuts

Active member
Joined
Feb 9, 2017
Messages
677
Reaction score
207
Points
43
Trump doing what he can to help the market right before close with this presser lol.
 

Angry

Well-known member
Joined
Apr 8, 2012
Messages
1,738
Reaction score
316
Points
83
Since Trump started talking at about 2:30 the Dow went up 1000 points. :unsure:
 

jham13

Member
Joined
Apr 24, 2010
Messages
33
Reaction score
33
Points
18
Well he did succeed on effecting the market. Good strategy to have CEOs speak and backing your plan.
 

Bad Gopher

A Loner, A Rebel
Joined
Nov 20, 2008
Messages
19,767
Reaction score
3,955
Points
113
Retirees already get cash from the government. They aren’t affected by an economic slowdown. Why would we give them more money?

students roughly the same boat. if they aren’t working, why exactly are we giving them more money? For what purpose?
??? You asked a question. That's the answer.
 

MplsGopher

Well-known member
Joined
Nov 4, 2017
Messages
21,229
Reaction score
4,618
Points
113
Damn. Waiting for sub 20. Might’ve missed the bottom.
 

MplsGopher

Well-known member
Joined
Nov 4, 2017
Messages
21,229
Reaction score
4,618
Points
113
Watch what happens when negative growth gets declared in Q1 or Q2.
I'm hoping for more bad news and another steep drop. If we get back to 21-ish territory, I'm going in. Good enough. Maybe I'll look silly in a month, but better than nothing.
 

short ornery norwegian

Well-known member
Joined
Feb 9, 2011
Messages
10,502
Reaction score
2,084
Points
113
Sunday afternoon the Fed announces an interest rate cut and using Fed funds to purchase more treasury notes to prop up the economy.

at about 7:30pm CDT Sunday, Dow futures and S & P futures were DOWN 5%. More economists predicting a recession.
 
Top Bottom