The gains on the Dow Jones today appear to be slipping away.

[Ilsa]

I think it was up over 300 pts this morning and now it's up only 150.

I guess IQ45's speech was leaked.

[Apollo Zeus]

1. Sucker's rally and people covering short

I bought Disney yesterday...then they made the Iger announcement.

[Ilsa]

5. I missed the Iger news.

But yeah, "sucker's rally."

[Wellstone ruled]

2. Turn on the Machines I demand you to turn on the machines.

Remember that line from a movie? Well,did the Orange Anus have his PEOPLE make some calls last night. Watched the Dow Futures turn Green about 11:50 pm Pacific last night after showing well over minus 200.

Today is looking Dead Cat Bounce.

[Adsos Letter]

3. Trading Places

Great movie.

[Ilsa]

9. I love that one. nt

[Wellstone ruled]

16. Making a so called Rich sucker a poor one.

Orange Anus? Oh how I would pay for that movie. Turn on the Machines!

[spanone]

4. It was down to about +15 earlier....this is not a rebound.

[Adsos Letter]

6. It just dropped back into the red.

-1.47 as I type this.

[Roland99]

7. -16 now....back in the red

[Wounded Bear]

8. Dead cat bounce?

Probably not in that range yet, but maybe. Obviously some folks think they are 'buying low' by getting in now. I'm not sure they've hit bottom yet. The potential for fertilizer hitting the ventilator when things are this high is huge. It's felt pretty bubble-like since the Trump tax cuts started pumping them up. Since then I haven't really seen that many market forces that sustain the current levels, which kind of says "bubble" to me.

JMO, I could be wrong. But it's basically back to even for the day now.

[Ilsa]

11. I wouldn't consider buying now unless it was a

particular stock that I knew everything about and had been following for ages. Too scary.

[Adsos Letter]

12. Down 92 now.

[Apollo Zeus]

18. 1000 points drops aren't what they used to be

eg 3% drops rather than 10+%

I do business with China and expected the market to fall harder and earlier than this. There are supply chain issues that are being covered up. Some factories coming back online from the holiday but others not.

I think the next drop will be when US cases are announced, something yesterday's CDC announcement is preparing us for.

[spanone]

10. -177.00

[Roland99]

13. and 10yr yield still dropping. This *should* boost a drop in mortgage rates but haven't seen much

there yet

The average 30-year fixed mortgage rate rose to 3.75% from 3.71% a week ago.
The 15-year fixed mortgage rate rose to 3.08% from 3.05% from a week ago.

Back around Dec 2012 when 10yr yields were at then-historic lows, 30-year mortgage rates hit 3% and a few places ticked just under 3%.

[Adsos Letter]

14. -175

[Wounded Bear]

15. When I typed my post it was in the +/- 20 range...

which is basically noise. Down 200 after the -1700 of the last two days doesn't have a good look to it.

[Adsos Letter]

17. Trying to claw its way back into the green before the close.

[hatrack]

19. And down 124 for the day . . .

Wonder what President Here-Comes-The-Airplane! will have to say about that.