Economy
Related: About this forumSTOCK MARKET WATCH - Tuesday, 3 March 2020
STOCK MARKET WATCH, Tuesday, 3 March 2020
Previous SMW:
SMW for 2 March 2020
AT THE CLOSING BELL ON: 2 March 2020
Dow Jones 26,703.32 +1,293.96 (5.09%)
S&P 500 3,090.23 +136.01 (4.60%)
Nasdaq 8,952.16 +384.80 (4.49%)
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Market Conditions During Trading Hours:
Google Finance
MarketWatch
Bloomberg
Stocktwits
(click on links for latest updates)
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Currencies:
Gold & Silver:
Petroleum:
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DU Economics Group Contributor Megathreads:
Progree's Economic Statistics (with links!)
mahatmakanejeeves' Rail Safety Megathread
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This thread contains opinions and observations. Individuals may post their experiences, inferences and opinions on this thread. However, it should not be construed as advice. It is unethical (and probably illegal) for financial recommendations to be given here.
progree
(10,901 posts)so we're out of correction territory (which begins at 10% down)
S&P 500 closing prices
3386 2/19/20 all time high
3090 3/2/20 Monday close
-8.7%
We were 12.8% down after last Friday's close.
Dead cat bounce?
Will the longest bull market in history go on forever? (Bull markets end when a bear market begins. Bear markets occur when the index has dropped to 20% or more below the previous all time high. There has been no bear market since 2009).
Edited to add: we're 4.4% down year-to-date (i.e. from 12/31/19)
kurtcagle
(1,602 posts)I had a feeling today would see a bounce. Every central bank is now promising liquidity, and deep pockets probably saw the retrenchment as a buying opportunity. However, very little has actually changed, and deaths, cancellations and reduced business opportunities are going to become the norm as this drags on.
I was at Starbucks today. Morning crowd was considerably thinner than normal, and traffic at a nearby shopping center was sparser too. I am speaking at four conferences over the next couple of months, and each one is discussing contingency plans. One may be cancelled outright.
We will be in a downward seesaw pattern for a while now. This is far from over.
Tansy_Gold
(17,856 posts)is bound to be artificial as long as the current regime is in power. It's the only thing they can control, and control it they will.
Soon we'll be going to the grocery store with wheelbarrows full of worthless hundred dollar bills.
And if the panic shopping is any indication, toilet paper may be worth more than those benjamins.
Roland99
(53,342 posts)Stock Swoon Accelerates as 10-Year Yield Falls Below 1% After the Fed Cut Rates
https://www.marketwatch.com/articles/stocks-swing-wildly-after-the-fed-made-a-surprise-rate-cut-51583249093?mod=mw_latestnews
U.S. 10yr 0.960 -0.2061