Apple Stock Rebounded Monday to Record Biggest Single-Day Move in 11 Years

[ds2000]

It's a dead cat bounce.

100%, I opened sells on NSDQ, SPX and Tesla yesterday. This is going to get bloody.

 

[smirking]

100%, I opened sells on NSDQ, SPX and Tesla yesterday. This is going to get bloody.

I really don't think they should have done the half point rate cut yesterday. It barely provided any resistance and now that's a couple of arrows fewer left in the quiver.

It might have also just amplified the public anxiety. We want people to take the situation very seriously, but not go full out into panic-hoarder mode. I never thought Americans would have such a strong affinity for face masks or toiler paper and I'm really not sure why people feel the need to stock up on bottled water.

 

[ds2000]

I really don't think they should have done the half point rate cut yesterday. It barely provided any resistance and now that's a couple of arrows fewer left in the quiver.

It might have also just amplified the public anxiety. We want people to take the situation very seriously, but not go full out into panic-hoarder mode. I never thought Americans would have such a strong affinity for face masks or toiler paper and I'm really not sure why people feel the need to stock up on bottled water.

Completely agree, the fact is was headlined as Emergency Rate Cut didn't help either. Yes in 2 years we'll probably look back trying to remember what the blip down was but I think it'll get a good bit worse before it gets better. By the same logic, I questioned why everything rocketed after Christmas as well, it seemed FOMO on the markets.

 

[fathergll]

Yeah sure, but on a spike down like this on news that isn't a fundamental weakness, the spike back up again when the news has cleared can be just as sharp. Sure, this will be a rolling issue with potential for more spikes even lower, but eventually it will settle and reach all time highs again. So a sound strategy in this case is to buy any dip and hold, or multiple buys on multiple dips. Just as long as you're not trying to do it on CFD's or a margin loan, then the falling knife issue isn't a problem.

It can't be just as sharp. Bull markets take the steps up and bear markets take the elevator down.

Fundamental weakness is the market is very fragile being propped up by giant asset bubbles and those asset bubble can deflate extremely fast.