The wave of selling continued on Monday as stocks cratered with the Dow dropping nearly 13% for its worst day since Black Monday, and its largest point drop in history. The S&P 500 also posted its worst day since Oct. 1987, while the Russell 2,000 and Nasdaq Composite turned in their worst days on record. The selling was sharp and fast. Minutes after the open stocks dropped more than 5% , triggering a "circuit breaker" and a 15 minute halt in trading.
This year: Small caps are down -37.82% on pace for their worst year ever, as long as they closed lower than -34.8% or it will be their worst year since 20084:51 pm: S&P 500 falls deeper into bear marketSchoen, StevensAs the broader market tanked on Monday, nine S&P 500 components managed to end the day in the green. American Airlines was the leader, with a gain of 11.25%. Conagra Brands also outperformed, rising 9.8%, with J.M. Smucker Company and Clorox each gaining more than 4%.
With less than an hour left in Monday's session, the major averages were down sharply after a monetary stimulus-package announcement from the Federal Reserve failed to assuage concerns of the coronavirus' economic blow. The Dow Jones Industrial Average was down more than 2,000 points, or 9%. The S&P 500 and Nasdaq were both down more than 8%. Trading was halted for 15 minutes shortly after the open after a so-called circuit breaker was triggered.
GuyAdami timseymour So what we should pretty much do is panic then? Got it.
GuyAdami timseymour Tim’s hair is too black 👎
GuyAdami timseymour Short all Casino stocks. Vegas wont be open this year
GuyAdami timseymour
GuyAdami timseymour The video quality is 10X better than the one from Tim & Guy when you were talking about SBUX earnings. You can ask producer & IT guys for tips how to film & stream & edit videos.
GuyAdami timseymour A V shape recovery was never on the table without a vaccine. If you’re thinking 6-9 months from now, look at SPX during late 2008-2009. Emotion says, “buy the dip”. Logic says, “this isn’t getting better yet. The lows are not in.”
GuyAdami timseymour A crash down from here is extremely likely.
GuyAdami timseymour Hey great analysis- I don't understand the second 'do' though 'don't worry about your portfolio tomorrow, worry about your portfolio today and tomorrow.' What exactly does that mean?
GuyAdami timseymour jsmauro13
timseymour GuyAdami Hi
timseymour GuyAdami I got a do. Invest in digital assets (digital currency, digital commodities, digital utilities) and watch 2020-2030 be a decade of digital assets. 4th industrial revolution - new asset class. When will you start talking about it again ? When it appreciates 1000s % I suppose.
GuyAdami timseymour
GuyAdami timseymour Resep
GuyAdami timseymour Torture of the 1%, their children, pets, elderly, etc gonna be necessary to develop a cure or we can just make hashtags or something
GuyAdami timseymour Nice work today Paisano!
GuyAdami timseymour Guy - 2790 on the S&P from here? Your supposed to be a pro - I hope your putting your money where your mouth is. I think it’s irresponsible to throw number out there to people who watch your show if you are not trading long into that number....
GuyAdami timseymour Great to see you both on set!
GuyAdami timseymour Actually it more like don'ts and don'ts
timseymour GuyAdami 1. Do not day trade based on the advice of talking heads on TV. 2. SEE STEP 1!!!!!!!!
GuyAdami timseymour If markets and economies can be effectively shut down in a matter of days, or less and their respective valuations driven to near zero by our governments, I would argue that they have no real intrinsic value. Get out of the market as soon as you can.
GuyAdami timseymour Two of the best! Thanks 👍
GuyAdami timseymour Halp
GuyAdami timseymour Trading, LOL. Read Odean. The more you trade, the further your returns are from the benchmark.
GuyAdami timseymour
GuyAdami timseymour Don’t trade until we have visibility forward, which may take weeks unless you can afford to lose the money. If you need money, sell on bounces. We’re going down another 15%, maybe more once people see how widespread this is.
GuyAdami timseymour Right on, thanks!
GuyAdami timseymour Great insight gentlemen. Sometimes these things seem logical or obvious... sometimes we still need reminders.
GuyAdami timseymour Bond market the space to watch .....
GuyAdami timseymour 🐻
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