Can anyone explain what this exactly means?
I guess it is just a notification in general about stock market. I didn’t get it though.
Powell expressed a little concern yesterday saying it might take a while etc etc …
Nothing new really, but market deemed it bad news and hence the markets are down again.
So T212 just reiterated this in a tiny message.
I was a bit confused too, I thought they might have linked to an article with more info for people not too familiar with trading lingo.
Here’s an article I found via Google News searching for ‘stocks plummet fed’
Ohh okay, didnt really understand what they wanted to say with it i thought its some deep message about my account or something
So last night, the Federal Reserve held one of their meetings and basically said the economy is in a bit of a mess (no surprise)
As it always goes, when America sneezes, everyone else gets the cold (or virus!), so what you saw today was either a crash, dip, or correction, depending on your own viewpoint.
There’s also a GDP announcement for the UK tomorrow… some would argue the price is being factored in today
I traded the dip this morning, but am pulling back out in time for 2pm, I think theres going to be a nasty fall, just my opinion!
Thanks for the informarion. Wow yeah i didnt think it means anything good. Im selling too taking my losses as soon as the market opens.
Suggestion: try to create the posts and the correct categories, it makes easy for everybody interested on some topics
Im trying my best. I registered 2-3 days ago to this site so its not very clear to me yet.
So what are peeps looking to add / sell during this period. Is it a case of adding for the future or selling to keep some powder dry?
I just sold my boeing and american airlines took the L’s but gonna buy back just waiting to see how it behaves.
Gobbling up ETF’s like a mad man right now
Got orders spread out all the way down for most of the big ETF’s.
BP and RDSB slowly adding too also.
I jumped in a lil too early this morning, literally like a child in a sweet shop, sold off things for a small profit when I came down and thought rationally, they tanked later
I’ve backed up my long term holdings, but don’t want to swing anything yet, with the GDP announcement tomorrow.
The fact is a lot of these stocks were on their way down regardless, the gains of the past few months were unsustainable, this has merely accelerated it.
I think there’s a little more blood to be spilled tomorrow…
Which GDP variation is announced tomorrow?
Is the USA announcing the number of benefit requests tonight?
Jobless claims was released earlier - https://www.reuters.com/video/watch/jobless-claims-decline-but-millions-stil-id714146639?chan=1us9bv7g
Tomorrow is the NIESR estimate, its projected to be -11%! Ouchie wowie.
Frankly I think economic data for current quarter will not have negative impact on stock market. Aka market is expecting worst data, so I doubt any “bad” news will make it swing down/red…
I would also say, Q2 data will be awful and this is also expected. What will impact market is Q3 data and now this potential “2nd wave” topics… I doubt any current economy reading will have negative impact…
Yeah I think for the most part todays news was priced in yesterday, a very small decrease on the open but it has bounced back so far…
Which ETFs do you think are the best value now?
I wouldn’t and couldn’t really say.
I’m adding in to already opened positions + cost averaging down now on new ones.
Ones I think are still trading at a major discount are the property ETF’s.
IUKP IPRP IDWP
But they are a lot more risky.
My horizon is 10+ years, I won’t be selling for a long time to come, so my risk may more or less than yours etc.
Here is my spreadsheet outlining a few:
|Date||Name||Stock||Price||Prev High||% from High||Good Price Level||% from Price Level||% Change From Last Month|
|11/06/2020||IShares Core World Msci||SWDA||4702||5113||8.04||4600||-2.22||0.71|
|11/06/2020||Developed Markets Property||IWDP||1749.9||2297.5||23.83||1880||6.92||2.03|
|11/06/2020||Royal Dutch Shell||RDSB||1306.5||2600||49.75||2000||34.68||7.27|
|11/06/2020||iShares S&P 500||CSP1||24525||26370||7.00||23420||-4.72||0.00|
|11/06/2020||Vanguard World Dividends||VHYL||38.1||45.44||16.15||40.7||6.39||0.00|
Just note, this is just my rough guideline. Edit it to fit your needs.
Good price level is just what I feel is not unreasonable given the previous highs.
For the long term, INRG (Global Energy) is looking good
Also very wise, with the way the economy is going, with getting into a Physical Gold ETF, and buying in on the dips.