DreamboatAnnie's Account Talk

Well... Even under the very worse situations, I think its good to try to find something to laugh at.

But, I must admit, I am very worried about what is going on and the damage to pensions and ability for folks living paycheck to paycheck to keep a roof over their head and their children fed.... seems to be that we are in extreme panic ... I mean when Vegas shuts down you know the Sh-- is hitting the fan and the scary part is that we are no where near experiencing what Italy is going through now! What happens if we get to that point ??? Well... will just pray and hope that what we do now will prevent us from getting to that point.
 
Posting Charts...We already know the drop has been steep and quick. I am posting these are daily charts going back 4.5 years to get perspective....so they don't show good detail, and prefer to see this as opposed to Weekly.

S and I funds are at Jan-Feb 2016 levels.

C fund is at December 2018 level.

F Fund is at about August 2019.

I do think our market and economy will come roaring back as soon as the worse is past us, and of course provided that our businesses and employment are only affected short-term. Hoping enough will be done. So now just hunkering down! Ammo is gone from stores...hummm…. but I have lots of that so I feel good about that!

Best Wishes to Everyone!!!!!!!

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I am predicting (hoping/praying for) a violent surge to at least half way back up the hill.

I definitely hope so.... I think it will come back roaring once we get some positive news on the virus. I understand there may be good news Thursday from CDC...maybe about conducting trials using Malaria meds (Chloroquine and hydroxychloroquine), in use for decades, to test its effectiveness against Wuhan virus. Fox News's Tucker Carlson had someone talking about French scientist who has tested it already. Sounds Awesome!!

But sadly also hearing of nearly 500 deaths in Italy today and I thought I heard of 400deaths in France in one day....its not over. :(
 
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Today's chart on S fund was good considering everything. Tom said big increase was due to oil. Nice!

On Coolhand's thread, Tom said, "The S-fund was down 10% on Wednesday because oil was down over 20%, then oil bounced back 24% today." So there you go, it's a Purdy candle today...I hadn't thought oil would have such big effect on Small caps but it does make sense. It's not quite an engulfing candle but darn close! Will see what tomorrow brings...:smile:


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Just because this was an UP day, I have to post couple charts. So glad to see such a nice healthy bounce up! :banana: Makes me feel good!!!
Of course the volatility will continue for a time, but its nice to see some confidence in the market. Triggered by stimulus hopes. :D

Best wishes to you All!

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SPX now.png
 
I think the confidence comes from President Trump making statements yesterday that we need to get back to work and we will revisit the 15 day period (which ends Monday) and his statement that he hopes we can start back up by Easter Sunday... and go back to work on Monday 4/13. That's a goal with date certain attached...and we know market loves that.. These statements just get folks to thinking about possibility of a return to normalcy which is very positive on our psyche. I think we need to hear that. It doesn't mean it will happen as no one truly knows what will happen, but the positive thought brings soooo much hope! Plus there was talk of passing big stimulus...

I think President is trying to balance safety of our health and monetary well being of our country as a whole. That's a tough balancing act! I will pray for those advising him and for him to ultimately make the right decision and strike the right balance.

Agree the machines are always involved as well…...but Sentiment is Huge!

According to Cramer, it was "machine trading" that drove the market yesterday. Of course, I would not rely upon a machine. But, I bet those machines did influence some traders.
 
I really wanted to enter S Fund on Monday with thought that White House might do something, like impose tariff or better yet, require oil to be purchased from US oil producers to prevent our US based company’s from going out of business. It does seem that is what both Russia and Saudi Arabia would like. But not seeing anything materialize. In any case, looks like just talking about it Sunday was enough to boost the market on Monday. In addition maybe some light at end of tunnel with talk of getting back to work, and fewer daily Coronavirus deaths in NY.
I‘m also thinking earnings reports start next week. That can’t be good so why enter now? Yet…. I still think it could be good to enter a little now (40%) ???? Ugghhh… will hold off until next pull back.....but major FOMO!!


Best wishes to you all! :D:D:D
 
I think I'm with you on this one DBA. I have some mutual funds otherwise I may exit soon with current strength. This is a challenging market at the moment.
 
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