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S&P 500 (^GSPC)

SNP - SNP Real Time Price. Currency in USD
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3,264.43-55.04 (-1.66%)
As of 3:39PM EDT. Market open.
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  • B
    Bruce
    Buy S&P short. Been telling you to get SPXU. Was under 9, heading to 30-50 in short time period. Quarter end coming.... Look at the charts and realize we are in a deep, worldwide RECESSION.
  • J
    Jon
    Just the beginning. Valuations have been high for a long time now.
  • S
    Silence Dogood
    stock markets never do well under a dictatorship.
  • M
    Mark
    selling is just started, simple is that we are still at stratosphere valuations
  • T
    Tom
    OIL and GOLD crashing today !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
    NO RECOVERY here till 2023
  • p
    pete
    Head and Shoulders top confirmed. Minimum downside target 3075
  • M
    Mark
    never seen Fed declaring weak economy for the next 3 years, and stock market trading near all-time hi, unbelievable
  • J
    Joemama630
    Has anyone checked lumber prices recently...? Home prices? Inflation is here, alive and well.

    While overall inflation is low, we have inflation and significant inflation in several industries - e.g. lumber has nearly doubled just recently. Food is up over 4% over the last 12 months... overall inflation is low partly because energy and travel industry prices have decreased significantly over the last 12 months.

    Perhaps the Fed is missing something here. If energy and travel prices start to rise, we could go well over 2% inflation quite fast.

    For example, if the US, Saudi's and the Russians stop fighting for market share and stop glutting and selling oil at a loss, inflation will be way over 2% and quite fast. And the US oil industry might actually survive this market share fight. US oil (and other nations) companies are struggling at best at the moment... largely due to COVID as fewer people are taking vacations and more are working from home. Think about the travel and tourism industries... prices are way down due to over supply and super low demand.
  • C
    Colin
    Federal Reserve just admitted we are in a massive recession. And this one will last 2 to 3 years at minimum.
  • B
    Bowers__Mom
    "Debt nearing 28 trillion and rising, $27,000,000,000,000 is a lot of zeros. Debt to GDP ratio is 137%. This is death spiral. It is not if, but when our country will completely implode as all government types have eventually failed throughout history."-CLC
  • J
    Jon
    The last 4 years have been about throwing everything at the stock market to make the numbers look good.
  • T
    Tom
    Democratic presidential nominee Joe Biden’s plan to increase the capital gains tax could lead to a large-scale sell-off of stocks, according to economic analyses.
    Thanks SLEEPY JOE !
  • M
    Maxx
    market kicking trump out of office.....im 100 percent CASH.........im so glad
  • U
    US Stocks will COLLAPSE
    Every single day the same NO VOLUME Artificial Stock Price PUMPING by the Government.
    The US Government is the ONLY BUYER for the US Stocks at these PEAKED prices right now!
    However, current MEGA BUBBLE in the US Stock Market is NOT SUSTAINABLE!!!
  • s
    shuriken
    Actually how keeping rates low is a good news? It only proves that the economy is in deep trouble and no sign of growth even recovery until 2023. Obviously the bubble grows on.
  • A
    Andy
    support line from Feb 21 (the last day before the market really began crashing) has been broken
  • A
    Alex
    2nd leg down... lost 3325 support, downtrend confirmed. Next stopping point $3230
  • C
    Colin
    And the daily melt up continues via Blackstone and Fed buying up futures. Sad that people can't see the manipulation going on
  • J
    Joemama630
    I actually believe S&P will drop to the mid-teens-ish before this is all over.

    Note that the last recession (which officially got started in late 06/early 07), it wasn't until late 07 before the market peak was realized... and then it took markets 1.5 years to go from the high to the low (Oct 2007 to March 2009) with a 55%-ish drop.

    The previous dot-bomb recession started in March 2000 and there was a bit of a sell off then but the last peak didn't hit until August of 2000. Also, from Aug 2000 it took over 2 years from that last market peak to the low with 45%-ish drop.

    If we go 50% from the high, we looking at S&P at 1750-ish... and we're looking at early/mid 2022 before we hit market lows.

    With PE's approximately 100% over long term averages, a 50% drop would be re-inforced. That said, the full impact on corporate earning won't be realized for a while... the full force of the economic recession is not even close to being realized ... which we will likely see between Q221 - Q421, meaning we have a fairly long road ahead of us. That again suggests that the market lows might not be seen until early/mid 22 as the market lags the economy - which I know some will argue with... And we can't ignore the dot-bomb recession where the economy was well into recovery when the markets finally hit bottom. Different circumstances perhaps ... but we have a tech rally right now that is largely unsupported with PE's running high even for tech.

    So... where and when it stops nobody knows. While the similarities in market behavior are quite interesting... the past is not a predictor of the future... especially in the stock markets. Yet, I think it is wise to consider the similarities in previous recessions as, while computer trading plays a roll in day to day trading, human behavior is really what is happening here over the long run ... and with humans, the past tends to repeat.
  • M
    Michael
    CDC: vaccines unlikely before Q3 2021

    Fox: stimulus deal unlikely before Election Day