fan_since79

Stock Market: The Thread

1,039 posts in this topic

Yesterday the market soared, Dow up some 260 points. Today it's tanking, down 216 and still falling.

 

Yesterday everyone was happy over positive earnings and low interest rates, today everyone is concerned about "global growth woes".

 

Enjoy the rollercoaster ride. The VIX, an index of volatility on the S&P 500, is up 11% today.

Edited by fan_since79

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Some headlines from a two-month period in 2011 when the market was behaving in a similar fashion, jumping 200 points one day and dropping the next day. One day euphoria, the next day depression.

 

 

Dow Soars 330 Points, Boosted by Hopes for Europe

Shares Tumble on Greece Fears

Stocks rise as eurozone fears ease

Stocks Hit Hard by Euro Zone Fears

Stocks rise as Greece nears debt solution

Stocks set to drop on eurozone fears

Stocks up in relief rally over eurozone debt deal

Dow Sheds 200 Points As Greek Collapse Looms

Wall Street jumps on euro zone relief

Stocks Plummet on Greece Fears

 

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I think I figured it out, Strad...

 

Open a DC in Bloomington, IL

 

Open INO stores in Metro Chicago, Milwaukee, Indianapolis, St Louis, and depending on how far you can go... Cinci, Louisville, KC

 

Make money... and me happy.

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Down 400 when the market opened, recovered somewhat, now falling again, down 250.

 

Slowdown in consumer spending, weak global growth...

 

Good news is plunging oil prices which will produce lower gas prices. I bought gas yesterday at ARCO for $3.41/gallon.

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I was just watching CNBC a few days ago when billionaire activist investor Carl Icahn was trying to trump up his Apple stock. He has huge stakes in Netflix and Transocean (stock symbol: RIG). His Transocean stock is doing even worse than what happened to Netflix, check out the chart on that one. I think he is doing his best to help close the wealth gap in America with those stock selections.

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