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  #1  
Old 10/27/18, 6:39 PM
Nick Gromicko, CMI's Avatar
Nick Gromicko, CMI Nick Gromicko, CMI is online now
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Default Stock market going down on Monday.

Like a lead zeppelin.
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  #2  
Old 10/27/18, 6:48 PM
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Marcel R. Cyr, CMI Marcel R. Cyr, CMI is offline
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Default Re: Stock market going down on Monday.

Quote:
Originally Posted by gromicko View Post
Like a lead zeppelin.
Let' hope it looses a little lead before Monday, the Dow already has lost 2,140 points as of Oct. 3rd. I have lost enough for awhile. My financial advisor says it is all emotional selling out of fear and to hold on, it will go back up.
I sincerely hope he is right.






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  #3  
Old 10/27/18, 6:50 PM
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Default Re: Stock market going down on Monday.

History of the Monday Effect

Frank Cross first reported the anomaly of the Monday effect through a 1973 article entitled “The Behavior of Stock Prices on Fridays and Mondays,” published in the Financial Analysts Journal. In the article, he demonstrated that the average return on Fridays exceeded the average return on Mondays, and that there is a difference in the patterns of pricing changes throughout the day. The traditional outcome of the Monday effect is an anomaly indicates a dip on Mondays following a rise on the previous trading day, usually Friday. It usually results in a recurrent low or negative average return from Friday to Monday in the stock market.
Some theories say the Monday effect has a lot to do with the tendency of companies to release bad news on a Friday, after markets close, which then depresses stock prices on Monday. Others think the Monday effect might be attributed to short selling, which would affect stocks with high short interest positions. Alternatively, the effect could simply be a result of traders' fading optimism between Friday and Monday.
The weekend effect has been a mainstay anomaly of stock trading for years. According to a study by the Federal Reserve, prior to 1987 there was a statistically significant negative return over the weekends. However, the study did mention that this negative return had disappeared in the period after 1987 until 1998. Since 1998, volatility over the weekends has increased again, and the phenomenon of the Monday effect remains a much debated topic
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  #4  
Old 10/27/18, 7:21 PM
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Marcel R. Cyr, CMI Marcel R. Cyr, CMI is offline
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Default Re: Stock market going down on Monday.

My tracking records in the past ten weeks, Friday to Monday's has gone down 6 times and up 4 times for the DJIA.





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  #5  
Old 10/27/18, 9:42 PM
Christopher Currins, CMI Christopher Currins, CMI is offline
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Default Re: Stock market going down on Monday.

So stock market is tumbling, interest rates keep going up, home sales are down, cars sales are down, I thought we had a booming economy. What's up?
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  #6  
Old 10/27/18, 10:02 PM
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Marcel R. Cyr, CMI Marcel R. Cyr, CMI is offline
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Default Re: Stock market going down on Monday.

Quote:
Originally Posted by ccurrins View Post
So stock market is tumbling, interest rates keep going up, home sales are down, cars sales are down, I thought we had a booming economy. What's up?
Why is the stock market down so much?

Sure, by several measures the U.S. economy is strong. Unemployment is at decades-old lows and businesses and consumers have shown confidence. Economic output is growing.
Executives lately have been talking about the challenges they face with rising production and materials costs and relatively new tariffs. Some of these executives say their profit margins risk getting squeezed by these factors.
Wall Street's so-called fear gauge, the CBOE Volatility Index, is at 25, the highest it's been since the market swoon earlier this year.



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  #7  
Old 10/27/18, 10:41 PM
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Default Re: Stock market going down on Monday.

Market is worried that D's might gain some control.




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  #8  
Old 10/27/18, 10:49 PM
Christopher Currins, CMI Christopher Currins, CMI is offline
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Default Re: Stock market going down on Monday.

Quote:
Originally Posted by sfetty View Post
Market is worried that D's might gain some control.
Wrong answer. Read what Marcel posted. That's more accurate. New tariffs are causing major problems. Including Trump's tariffs on Canadian lumber having a major impact on new home construction and remodeling.
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  #9  
Old 10/27/18, 10:51 PM
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Default Re: Stock market going down on Monday.

Quote:
Originally Posted by gromicko View Post
Like a lead zeppelin.
What makes you think this?




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  #10  
Old 10/28/18, 12:08 PM
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Default Re: Stock market going down on Monday.

Quote:
What makes you think this?
Interest rates going up. No more cheap money.
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  #11  
Old 10/28/18, 1:35 PM
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Default Re: Stock market going down on Monday.

Wall Street Crash of 1929 - Wikipedia



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  #12  
Old 10/29/18, 12:09 PM
Marcel R. Cyr, CMI's Avatar
Marcel R. Cyr, CMI Marcel R. Cyr, CMI is offline
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Default Re: Stock market going down on Monday.

Quote:
Originally Posted by gromicko View Post
Like a lead zeppelin.


DOW
US Markets Open
24,976.86

+288.55
+1.17%


NASDAQ
US Markets Open
7,246.65

+79.43
+1.11%


S&P 500 Index
US Markets Open
2,697.95

+39.26
+1.48%

Hopefully it stays up.






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  #13  
Old 10/29/18, 12:13 PM
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Joe Funderburk, CMI Joe Funderburk, CMI is online now
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Default Re: Stock market going down on Monday.

Quote:
Originally Posted by gromicko View Post
Like a lead zeppelin.
Nick, if you're so good at predicting the markets why aren't you a billionaire?



“The things that will destroy America are peace at any price,
prosperity at any cost, safety first instead of duty first,
the love of soft living, and the get-rich-quick theory of life.”
T. Roosevelt


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  #14  
Old 10/29/18, 12:16 PM
Roy D. Cooke, Sr's Avatar
Roy D. Cooke, Sr Roy D. Cooke, Sr is offline
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Default Re: Stock market going down on Monday.

Quote:
Originally Posted by jfunderburk View Post
Nick, if you're so good at predicting the markets why aren't you a billionaire?

He just might be a One
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  #15  
Old 10/29/18, 12:26 PM
Michael S. Gleeson, 16000070526 Michael S. Gleeson, 16000070526 is online now
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Default Re: Stock market going down on Monday.

Like a lead zeppelin... I bought some Tesla stock at the last large dip... I have gained 25% in the past 2 weeks.... Time to sell and pull out some sweet profit. Today alone it is up 4%




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