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Is it a down market? The bounce is already starting after two days of panic.
by thrower123 7y ago
Is it a down market? The bounce is already starting after two days of panic.
- untog 7y agoThe only true answer is “TBD”. By all indicators the coronavirus has the potential to have a huge impact on people’s lives and the ability for markets to function, but it’s not yet clear how much of that potential will become reality.
- jerf 7y agoI'd give it a bit before calling that. Early yesterday morning was up a bit too. The ideal time to call whether this is an up or down day is probably around 4:01pm EST.
- jerf 7y agoIt's 4:01 EST. Major indexes mostly down, NASDAQ up .15%-.2%. Looks like a normal day on the market. Certainly not a "bounce".
- thrower123 7y agoUgh, fuck me, I wish I had converted to cash last friday.
- mcfunk 7y ago"Yes, but: Two days of 3-percent-plus losses in the market don't constitute a downturn, or even, in technical terms, a market "correction" (which is defined as a 10 percent drop). * Markets took a dive in late 2018 on recession fears, only to come roaring back. * Today's financial world is still awash in cash, which could provide a calming buffer. The venture capital world is still looking to invest huge amounts: Per Pitchbook, funds raised a record $88.3 billion and $75.5 billion in 2018 and 2019, respectively. * In some cases, smaller companies started laying people off even before this market drop, so they might be able to weather it more easily."
- czbond 7y agoThey call them sucker rallys to sucker people in to thinking the pain is over.
- ginko 7y agohttps://en.wikipedia.org/wiki/Dead_cat_bounce https://en.wikipedia.org/wiki/Dead_cat_bounce Not that I'm sure this is one, but I love the term.