Covid crash #2 started

Thrugelmir

masonic said:

Alexland said:

Another total bloodbath in the markets today. It's relentless. Am starting to wonder if we invested above our volatility tolerance as I haven't a clue how we are going to spend all this money. We will be hiding behind the sofa pretending to be out when the wealth managers come knocking on the door. Some days it would have been better to just stay in bed. The warning signs were flashing and we just kept regularly contributing through the dips like idiots. Should have taken action earlier to cut our gains. So many regrets...

Will this ever end? I can't believe I checked the markets this evening, ruined my day. I won't sleep a wink tonight

Nasdaq closed down 1.5%.  Not everybody will be rejoicing.  

Which way will the herd stampede tomorrow ? 

csgohan4

Thrugelmir said:

masonic said:

Alexland said:

Another total bloodbath in the markets today. It's relentless. Am starting to wonder if we invested above our volatility tolerance as I haven't a clue how we are going to spend all this money. We will be hiding behind the sofa pretending to be out when the wealth managers come knocking on the door. Some days it would have been better to just stay in bed. The warning signs were flashing and we just kept regularly contributing through the dips like idiots. Should have taken action earlier to cut our gains. So many regrets...

Will this ever end? I can't believe I checked the markets this evening, ruined my day. I won't sleep a wink tonight

Nasdaq closed down 1.5%.  Not everybody will be rejoicing.  

Which way will the herd stampede tomorrow ? 

I think some of the crazy gains from yesterday will turn to losses today as buyers remorse sets in.  You could see that with Rolls Royce already. 

But I think the time of the bear market is reaching it's end in the next few months and best to invest now for your speculative shares before the potential returns narrows

masonic

Thrugelmir said:

masonic said:

Alexland said:

Another total bloodbath in the markets today. It's relentless. Am starting to wonder if we invested above our volatility tolerance as I haven't a clue how we are going to spend all this money. We will be hiding behind the sofa pretending to be out when the wealth managers come knocking on the door. Some days it would have been better to just stay in bed. The warning signs were flashing and we just kept regularly contributing through the dips like idiots. Should have taken action earlier to cut our gains. So many regrets...

Will this ever end? I can't believe I checked the markets this evening, ruined my day. I won't sleep a wink tonight

Nasdaq closed down 1.5%.  Not everybody will be rejoicing.  

Which way will the herd stampede tomorrow ? 

Yes, the recent news is not good for all sectors, tech stocks that got a Covid boost, gold, etc. That's the danger in having a knee-jerk reaction to previous events and taking radical action like moving everything into a single sector you consider a safe haven.

I'm sure the market has overreacted to some extent and will pull back, but those who will be most disappointed are the ones positioned for the demise of this dead-cat bounce and a fall to March levels, or *much* lower.

csgohan4

masonic said:

Thrugelmir said:

masonic said:

Alexland said:

Another total bloodbath in the markets today. It's relentless. Am starting to wonder if we invested above our volatility tolerance as I haven't a clue how we are going to spend all this money. We will be hiding behind the sofa pretending to be out when the wealth managers come knocking on the door. Some days it would have been better to just stay in bed. The warning signs were flashing and we just kept regularly contributing through the dips like idiots. Should have taken action earlier to cut our gains. So many regrets...

Will this ever end? I can't believe I checked the markets this evening, ruined my day. I won't sleep a wink tonight

Nasdaq closed down 1.5%.  Not everybody will be rejoicing.  

Which way will the herd stampede tomorrow ? 

Yes, the recent news is not good for all sectors, tech stocks that got a Covid boost, gold, etc. That's the danger in having a knee-jerk reaction to previous events and taking radical action like moving everything into a single sector you consider a safe haven.

I'm sure the market has overreacted to some extent and will pull back, but those who will be most disappointed are the ones positioned for the demise of this dead-cat bounce and a fall to March levels, or *much* lower.

I see that Rolls royce and IAG are holding up, crystal ball if it will be sustained. Because realistically it won't be until probably 2023 at the least before you get the pre covid passenger number possibly, at least according to the IAG CEO.

Either way letting the market settle wouldn't be a bad thing if your still sitting on the fence. Some people get lucky, some really did forsee this. Bowelheads WIlliam Hill punt is really paying dividends for him now

However someone on here said that the best time to invest was 10 years ago, the second best time is now. So true to an extent. But you don't want to invest in dead cat's either, ergo Lloyds

however only invest in shares if you can afford to lose it, it isn't for the faint hearted. No shame in pouring it into index trackers e.t.c and be safe

phillw

csgohan4 said:
I see that Rolls royce and IAG are holding up, crystal ball if it will be sustained. Because realistically it won't be until probably 2023 at the least before you get the pre covid passenger number possibly, at least according to the IAG CEO.

It's way too early to tell, it depends on how the vaccine, the general economy and the travel industry pans out.
If the world rolls out a successful vaccine next year then we could see a lot of people going on holiday in the summer.
If it doesn't then I wonder whether we'll get back to the majority of people being able to afford to go away as the industry may need to reboot itself.

DiggerUK

If nobody can explain yesterday's price moves in equities, then you should look at the gold price fluctuations.
It looked as though it had picked up from its £1450ish average of awhile back now to reach over £1495, then within a couple of hours crashed to a little over £1410 and has stayed there.
Gold falling after a share rally is not unusual, but gold shooting up and then falling  back rapidly is something I can't recall ever happening before. The bugs are screaming 'conspiracy' and 'manipulation' as you would expect, so some things are still normal.
Good 'ere, innit..._

Prism

DiggerUK said:

If nobody can explain yesterday's price moves in equities, then you should look at the gold price fluctuations.
It looked as though it had picked up from its £1450ish average of awhile back now to reach over £1495, then within a couple of hours crashed to a little over £1410 and has stayed there.
Gold falling after a share rally is not unusual, but gold shooting up and then falling  back rapidly is something I can't recall ever happening before. The bugs are screaming 'conspiracy' and 'manipulation' as you would expect, so some things are still normal.
Good 'ere, innit..._

I think it can be explained by hope. Netflix down 8.5%, EasyJet up 20%. Markets just making a short term bet on what our summer might look like next year. Gold is losing a few investors who purely see it as a defensive bet rather than a long term inflation protection.

csgohan4

Prism said:

DiggerUK said:

If nobody can explain yesterday's price moves in equities, then you should look at the gold price fluctuations.
It looked as though it had picked up from its £1450ish average of awhile back now to reach over £1495, then within a couple of hours crashed to a little over £1410 and has stayed there.
Gold falling after a share rally is not unusual, but gold shooting up and then falling  back rapidly is something I can't recall ever happening before. The bugs are screaming 'conspiracy' and 'manipulation' as you would expect, so some things are still normal.
Good 'ere, innit..._

I think it can be explained by hope. Netflix down 8.5%, EasyJet up 20%. Markets just making a short term bet on what our summer might look like next year. Gold is losing a few investors who purely see it as a defensive bet rather than a long term inflation protection.

Do you think the stocks will nose dive again until summer? given people are investing for short term but then reality is vaccines won't be fully implemented until next year for the whole world

Prism

csgohan4 said:

Prism said:

DiggerUK said:

If nobody can explain yesterday's price moves in equities, then you should look at the gold price fluctuations.
It looked as though it had picked up from its £1450ish average of awhile back now to reach over £1495, then within a couple of hours crashed to a little over £1410 and has stayed there.
Gold falling after a share rally is not unusual, but gold shooting up and then falling  back rapidly is something I can't recall ever happening before. The bugs are screaming 'conspiracy' and 'manipulation' as you would expect, so some things are still normal.
Good 'ere, innit..._

I think it can be explained by hope. Netflix down 8.5%, EasyJet up 20%. Markets just making a short term bet on what our summer might look like next year. Gold is losing a few investors who purely see it as a defensive bet rather than a long term inflation protection.

Do you think the stocks will nose dive again until summer? given people are investing for short term but then reality is vaccines won't be fully implemented until next year for the whole world

I wouldn't say in general people are investing short term but moves like yesterday are typically short term moves. The vast majority of money didn't change hands. Its interesting to watch but I am not a participant unless one of the fund managers of my funds made a play (doubtful). I will just continue to contribute monthly.

coastline

phillw said:

csgohan4 said:
I see that Rolls royce and IAG are holding up, crystal ball if it will be sustained. Because realistically it won't be until probably 2023 at the least before you get the pre covid passenger number possibly, at least according to the IAG CEO.

It's way too early to tell, it depends on how the vaccine, the general economy and the travel industry pans out.
If the world rolls out a successful vaccine next year then we could see a lot of people going on holiday in the summer.
If it doesn't then I wonder whether we'll get back to the majority of people being able to afford to go away as the industry may need to reboot itself.

No idea if our government will buy the Oxford vaccine on top of yesterdays front runner but I see it's 40 million doses needed twice so 20 million people. One third of the population at best. Again as far as I read essential workers and over 50 yo will get the treatment. There's around 22 million over 50 yo in the UK. How families travel together isn't clear as some members won't be vaccinated ?
Markets forecast to open slightly higher in the US but no boom as yesterday. ? One of my alerts is now in play with the index 13% above the 200 day moving average . Slow Stochastics are on the top again although they can stay there a while ? Let's see how things play out. Right or wrong I sold my tracker yesterday for a quick profit of 9% since 28th of October. That'll do me for now.
https://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=1&mn=0&dy=0&id=p27848000232&a=226295345&listNum=1