STOCK MARKET WATCH - Monday, 9 March 2020

[Tansy_Gold]

STOCK MARKET WATCH, Monday, 9 March 2020

Previous SMW:
SMW for 6 March 2020




AT THE CLOSING BELL ON: 6 March 2020


Dow Jones 25,864.78 -256.50 (0.98%)
S&P 500 2,972.37 -51.57 (1.71%)
Nasdaq 1,449.22 -29.60 (2.00%)

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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.

[Tansy_Gold]

1. -1884

When I first looked about 9:35.

I saw a post that said trading was stopped.

[Tansy_Gold]

2. Improved

To merely -1408, but then reversed.

At 10:47 it's -1525.

[Tansy_Gold]

3. -1623

10:54.

[Tansy_Gold]

4. -1698

11:00.

She ain't lookin' good.

[Tansy_Gold]

5. -1292

At 12:15.

PPT hard at work saving shitbird's butt.

Do you think it will hold?

[Tansy_Gold]

6. -1474

It didn't hold. 12:30

[Tansy_Gold]

7. -1636

1:00 p.m.

[Tansy_Gold]

8. -1700

1:07.

It's crazy.

[Tansy_Gold]

9. -1797

1:34. Looking' really bad.

[Tansy_Gold]

10. -1948

Holy crap at 1:54.

[progree]

11. -2018 at 203p ET. S&P down 19.0% from all-time high (Bear market starts at -20.0%)

which would end the longest bull market in history (one that started in March 2009)

3386   S&P 500 All Time High (Feb. 19)

2749   S&P 500 now
-18.8%

2709   Where S&P 500 bear market begins (down 20% from all time high)

[Tansy_Gold]

13. March 2009?? Why that would be . . .

. . . shortly after the Obama administration started, wouldn't it? Do you suppose there's some significance to that?

[Tansy_Gold]

12. -2064

2:05 p.m.

[Tansy_Gold]

14. -2144

at 2:44 p.m.

Can't imagine what it will be like at 3:44 p.m. . . . . .

[Tansy_Gold]

15. Almost 3:30 and we've seen a spread of 850 points on the day

The lowest **loss** I saw was 1292; the highest 2144. Is that anything to inspire confidence? Or is there something I'm not seeing here?

I've asked this often enough over the past, what, 12-15 years -- at least since Obama's 2008 victory -- but all of this volatility is artificial, isn't it? It's not really indicative of where the day-to-day, real world economy is or is going.

Are we finally, maybe, starting to get a look at just how artificial it is?

I don't usually get much time to spend on SMW, but today presented a weird confluence of events, and I have to be online most of the day to take care of some personal business. It was supposed to be over and done with early this morning, but some details are still being worked out, so here I am, flipping between Google Finance and DU, shaking my head through it all.

Maybe it's time we start some of our old discussions up again.

[Tansy_Gold]

16. -2013 at the close

All this winning is hard to take, isn't it?

Record stock market indeed.

[tclambert]

17. Sometimes all you can do is throw up your hands and say, "Whee!"