Stock Markets up today

[Johnny2X2X]

Last edited Tue Jan 25, 2022, 03:58 PM - Edit history (1)

Bet it was all over the news all day long about a big crash. Bet they didn't cover that the DOW went up 100 points today with the NASDAQ gaining 86. In fact, even after closing bell I bet they're running with the earlier in the day losses as the story.

Edit, yesterday and today same story. Actually reading articles on Yahoo Finance about the collapse as stocks went green again. DOW up almost 200 points today.

[asiliveandbreathe]

1. Yes, looks like Home Depot, Travelers and Nike leading the way..

https://www.marketwatch.com/investing/index/djia

[W_HAMILTON]

2. Wow, you're right.

I turned on the news when I woke up and they had breaking news that the DJIA was down like 1,000 points and around 3%, I believe. When I saw the title of your thread, I was like, "I wonder what the punchline is gonna be?" thinking that you were joking, but nope -- the DJIA did end up positive for the day.

[Rastapopoulos]

3. Even CNBC called it "stunning"

[walkingman]

4. The last two days caused me heartburn - WS sucks and is rigged but

what else is available?

[Walleye]

5. Sort of gave me an upset stomach most of the day

Glad to see it recovered

[Tomconroy]

6. I might be rich again! But I'm not going to check. I long ago

decided it's best only to occasionally look at my statements, and then only when I think the news will be good

[Karma13612]

8. Yup, same here.

The joke is, there is nothing I can do about it. I am told by my financial advisor to look at the big picture. He has me in one of the retirement type funds that matched closest to my retirement. I think it was set for 2015 and I retired in 2019. So, I just have to trust that I am in the safest place. Can’t move it without a huge penalty that would just kill my retirement funds overall.

Before you know it, I will only have SS left and if Repubs have their way, they will reduce it down to a joke. I need to find a sturdy double-thickness cardboard box large enuf for me to fit in, and keep it safe somewhere for down the road.

[DenaliDemocrat]

10. Nah, they want you to put it into an annuity

With no death benefit so they can steal the rest. They push those fucking things HARD

[Karma13612]

14. Ah yes, I seem

To recall him mentioning that. I didn’t like that scheme.

Lol!!

[spanone]

7. AFTER dropping 1100 points....crazy damn day.

[RussBLib]

9. total schizo market

we lost big today, but not nearly as big as a few hours before the close.

[Disaffected]

11. A bit of a ride today alright but,

nothing compared to, say 1973 IIRC, when the Dow dropped about 500 points to close at about 750 on a single day (I still recall everyone in the office stopping work to watch it).

[ProfessorGAC]

12. Still Up 11% Last 12 Months

There were plenty of overvalued equities out there, so a correction* was likely.
*Correction Defined: 2 & 3 year holders took the profit, then waited a week to buy back what they just sold.

[Johnny2X2X]

13. After being down big earlier, it's up again today.

We have a strong economy, we're at full employment, wages are rising at record rates, and the economy is going to have one of the 5 best years for growth in the last 50 years last year.

Inflation is starting to show signs of easing and it was mostly due to some weird ordering in the supply chain because of the pandemic.

[LuckyCharms]

15. Be wary.

I watch the 5 minute candles for a few tickers during the day.

Patterns the past few days have been very odd.

I think something is brewing, and I don't think it's a good thing.

[Johnny2X2X]

16. The Fed decision looms

But the Fed leaks some facts before they talk and the markets are poised for another rally now.

People only read about inflation, but inflation doesn't necessarily hurt the economy that much. We're at full employment with under 4% UE, growth for 2021 might break records, and wages are rising at their highest rates in decades. The markets are up 15% in the year Biden's been in office. Earnings are good, this is a very strong economy and we've just gone through the fastest recovery in US history. The fundamentals are great. Objectively Biden has built a better economy than Trump ever did.

[LuckyCharms]

17. I agree, I just get a little fidgety when I notice strange trading activity.

You might know the feeling if you watch charts off and on during the day.

I can immediately spot strange activity, but considering all the possible variables, it's difficult to put your finger on exactly why it's happening.

[Johnny2X2X]

18. Volatility has been here for years now

You've got major hedge funds manipulating things still and creating the dips and then buying them. I pay attention to the SPY and volume, there are weird trends for sure.

But the economy is in pretty good shape right now and growth is robust. Any other President would be being hailed as a savior right now, Trump led the economy off a cliff with his bungling of Covid, he finished with the worst jobs record since Herbert Hoover and left the worst year for growth since 1947. That Biden has been able to bring the economy back to where it is now while the pandemic is still raging is nothing short of a miracle.

Pointed out Trump's awful jobs record to some Trumpsters, they said it doesn't count because you can't add jobs during a pandemic. Then I asked them if the pandemic was still ongoing in 2021, they answered "yes, it was worse even." I then asked them how come Biden was able to add 6.4 million jobs in 2021 then? Silence.

The 2020 economy didn't have to collapse the way it did. Trump's mishandling of the pandemic made it much much worse than it had to be. Biden inherited an utter disaster and fixed things in record time.

[Amishman]

19. The Fed's real dilemma is halting asset buying and then shrinking their balance sheet

People make a big deal out of the stimulus bills and extended unemployment, but more money was created by the Fed's asset buying. Much of that newly created cash is still tied up in the financial sector and not really circulating.

The fed needs to decide how fast they shrink their balance sheet (and thus the money supply), as the longer they wait, the more of those trillions will make it out of the financial markets and into the greater economy.