Markets / Economy

[Uwe]

Today is March 9th. This was a very important day in history exactly 10 years ago.

Does anyone remember why?

-Uwe-

[PetrolDave]

Today is March 9th. This was a very important day in history exactly 10 years ago.

Does anyone remember why?

The day stocks reached their lowest point with the S&P reaching 666?

[Uwe]

The day stocks reached their lowest point with the S&P reaching 666?

Exactly!

And within a few weeks of that, market sentiment changed dramatically.

Does anyone recall why?

-Uwe-

[Jack@European_Parts]

Because they thought that was the new floor and to buy?

Do you think we hit such a new floor?

IDK I think things are only starting to show the actual weakness to come but than again it could go nuts if the right stars align.

Tax season is a real loser this year for the wave of refunds that usually bring to the economy, so me personally I think it goes much lower with gluts of inventory to be slashed & unleashed!

[Jack@European_Parts]

https://www.businessinsider.com/next...hussman-2019-3

'Obscenely overvalued': Stocks are far more fragile than most people realize — and one expert says traders are making the same mistake they did before the last 2 crashes

[Uwe]

Boeing is gonna do a number on the DOW today.

-Uwe-

[dafrazi]

Boeing is gonna do a number on the DOW today.

-Uwe-

Oddly enough. It hasn't yet. Major indexes are up this morning.

[Uwe]

Oddly enough. It hasn't yet. Major indexes are up this morning.

Interesting, because Boeing is down ~7% on the news of the Ethiopian Airlines crash , and I would expect it to have a big influence on the price-weighted DOW average of only 30 stocks.

-Uwe-

[PetrolDave]

Boeing is gonna do a number on the DOW today.

Two newly delivered 737 Max crashing in a very similar stage into the flight - some reports suggest that the anti-stall software is over intrusive causing the nose to keep being pushed down to lose altitude and (re)gain speed.

Sounds like some serious software investigation is needed ...

Really glad that my next flight to the US in May won't be on a Boeing 737 Max

[Jack@European_Parts]

Oddly enough. It hasn't yet. Major indexes are up this morning.

Negative market sentiment thinking, negating earnings & there was an over correction from recent pattern trades, the Fed etc. + infusion of capital and hysteria will correct as dinner time arrives with hunger pains and margins are called.



Stocks rise amid strong retail sales data, Boeing shares slide


https://finance.yahoo.com/news/stock...131956964.html