Originally Posted by Hog's Gone Fishin:
Stocks will take a hit tomorrow. Buying opportunity !!!!
Futures seem so hit or miss unless you’re an hour away from opening bell. And as of lately, an early plunge doesn’t mean a down close. Been crazy to watch. [Reply]
Originally Posted by lewdog:
Futures seem so hit or miss unless you’re an hour away from opening bell. And as of lately, an early plunge doesn’t mean a down close. Been crazy to watch.
General rule of thumb....
up open = down close
down open = up close
Not clock work but you'd be surprised at how often it works that way, particularly in non-trending markets [Reply]
This whole stock market thingy is just dumb. Trump announces tariffs on Steel which is GREAT for all US steel companies yet the stocks move down as people freak out and sell off. Then today they will move back up as idiots think about it.
It's dumb, just dumb.
And you can find companies with perfect fundamentals that are in great shape and very profitable and the stock just goes sideways yet you can find companies with negative cash flow in huge debt and the stock is moving up 100% per year.
It's just dumb.
You can even look at Warren Buffets portfolio and scratch your head. what the hell is that baffoon doing. His stock plays are just dumb. [Reply]
Originally Posted by Hog's Gone Fishin:
This whole stock market thingy is just dumb. Trump announces tariffs on Steel which is GREAT for all US steel companies yet the stocks move down as people freak out and sell off. Then today they will move back up as idiots think about it.
This is incredibly common for any anticipated event/product release.
Originally Posted by :
Buy the rumor, sell the news. Buy the rumor, sell the news is a market adage based on the belief that stock prices move in anticipation of rumors and rebound when profit taking occurs after the actual news is released.
It doesn't mean your steel stocks won't do well over the next year or two.
As far as the other stuff, yeah, over the short term stocks can do wacky sometimes nonsensical stuff.
I saw a cnbc headline on my phone the other day that made me crack up. Found it
Square shares hit an all-time high, but nobody is sure why
Square shares hit an all-time intraday high on Monday.
The stock rose over 9.5 percent, as shares changed hands at more than 200 percent the average 30-day volume.
Many on Wall Street told CNBC they were stumped as to the exact catalyst of the share move.
It was bizarre. Their earnings release was the week before and they received no change in analyst ratings or anything that day. shrug, trying to figure out what the market is going to do over any short period of time is a good way to go crazy [Reply]