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Old 06-27-2016, 11:23 AM  
DaFace DaFace is offline
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Old 03-09-2020, 07:41 AM   #3871
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Circuit breakers tripped pretty much at the open.
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Old 03-09-2020, 07:49 AM   #3872
Hammock Parties Hammock Parties is online now
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Old 03-09-2020, 07:55 AM   #3873
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Old 03-09-2020, 07:56 AM   #3874
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Old 03-09-2020, 09:03 AM   #3875
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I zeroed in on SPEX and put a buy order in on it over the weekend. I expected the market to tank today and it did. I was hoping SPEX was going to dip since it doubled on Friday. It didn't- it came out and tripled. I missed out on a home run. My instincts have been good but my timing and execution have sucked the last week. I still made money in trades but leaving a Lot on the table.

It seems that fear and greed are driving this market to extremes. Good dividend paying Blue Chips are dropping like rocks while companies with no income are going up 1,000% in a week. Crazy!
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Old 03-09-2020, 09:07 AM   #3876
philfree philfree is online now
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I moved my money to safety probably 10 days ago or more and I had a bunch on the sideline anyway. I'm wanting to get back in but where's the bottom? Then I need a good seven or eight year run up to retirement.
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Old 03-09-2020, 09:22 AM   #3877
Buehler445 Buehler445 is offline
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Originally Posted by Fat Elvis View Post
Circuit breakers tripped pretty much at the open.
I’m not picking up what you’re throwing down here.
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Old 03-09-2020, 09:24 AM   #3878
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I’m not picking up what you’re throwing down here.
Trading was halted for 15 minutes to (ideally) slow down the selling. The first circuit breaker was tripped when the S&P 500 dropped 7% right after the open.

The next circuit breaker occurs if markets drop 13% (if I remember correctly); if markets drop 20% in a day, trading is suspended for the remainder of the day. Part of the reason for the circuit breakers is to prevent flash crashes from computerized algorithmic trading.
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Old 03-09-2020, 09:38 AM   #3879
Buehler445 Buehler445 is offline
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Trading was halted for 15 minutes to (ideally) slow down the selling. The first circuit breaker was tripped when the S&P 500 dropped 7% right after the open.

The next circuit breaker occurs if markets drop 13% (if I remember correctly); if markets drop 20% in a day, trading is suspended for the remainder of the day. Part of the reason for the circuit breakers is to prevent flash crashes from computerized algorithmic trading.
Ah. On the commodities there are daily limits that double every day. Which sucks ASS if it is limited and you’re sitting on a position you really need out of. I’m sure this is no different.
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Old 03-09-2020, 09:48 AM   #3880
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I moved my money to safety probably 10 days ago or more and I had a bunch on the sideline anyway. I'm wanting to get back in but where's the bottom? Then I need a good seven or eight year run up to retirement.
Where indeed. That's why timing the market is so difficult.
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Old 03-09-2020, 09:52 AM   #3881
MahiMike MahiMike is offline
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So why the **** is gasoline still close to $3 a gallon here in Phoenix area?

God damn thieves!
$2.01 here in FL
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Old 03-09-2020, 09:53 AM   #3882
MahiMike MahiMike is offline
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I moved my money to safety probably 10 days ago or more and I had a bunch on the sideline anyway. I'm wanting to get back in but where's the bottom? Then I need a good seven or eight year run up to retirement.
Same here.
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Old 03-09-2020, 09:54 AM   #3883
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Pulled everything I had in the S&P500 ETFs early last week, and bought back in cautiously this morning (about 1/3 of what I was in for initially.)

I'd love to tell you this might be the bottom, but this shit is unprecedented right now. A new cliff seems to appear daily.
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Old 03-09-2020, 09:59 AM   #3884
Hammock Parties Hammock Parties is online now
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Pulled everything I had in the S&P500 ETFs early last week, and bought back in cautiously this morning (about 1/3 of what I was in for initially.)

I'd love to tell you this might be the bottom, but this shit is unprecedented right now. A new cliff seems to appear daily.
easy money you rat bastard
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Old 03-09-2020, 10:18 AM   #3885
Strongside Strongside is offline
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easy money you rat bastard
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