Expect a market rebound today

[Maeve]

Futures are up about 3% as the markets prepare to open. "Buying on the dip" is normal--and there are some who are trying to keep the bear market away (a bear market is when the markets go 20% off the high--we're about 40 points from that on the S&P)

However, one swallow does not a summer make...

[beachbumbob]

1. why trump anounce taxcut, to give some reason for a bounce, but it really doesn't help

the market as we still have the coronavirus and the news keeps getting worse. GO up today, crash the rest of the week as the cases skyrocket in US

[nycbos]

2. Given what has happened in the market...

... this will be followed by another crash tomorrow, followed by a huge surge on Thursday, and the week will conclude with a dive on Friday.

[Maeve]

4. And tRump will crow about any upswing

He seems unable to think beyond the next news cycle. That has worked for him in the past, but you can't gaslight a virus.

[el_bryanto]

5. I'd say that's correct - I can see myself, if the market goes up, and my particular stocks go up,

selling them and moving the money into Bonds. It's like walking away from the table after a bump.

Bryant

[Liberal In Texas]

3. I wish the admin. woiuld be as concerned abouit getting test kits out as gettinig the market

to rebound.

Guess we know what the priorities are.

[uponit7771]

6. K&R, dead cat bounce ...watch if close matches open

[Maeve]

7. And here we go!

Starting off at roughly plus 3.5% (Dow, S&P and Nasdaq)--but how long will it last?

As always, my best advice when following the markets closely--buy Tums (you're going to need them!)

[Maeve]

8. BTW, the numbers to watch for that indicate a bear market

And an end to our 11 year bull market (thanks, Obama!)

For S&P, 2709
For the DOW 23641

[DinahMoeHum]

9. Concur. Those are close to the "50-percent levels". . .

. . .between the low in March 2009 and the high in February 2020.


As Warren Buffett has said: "It's only when the tide goes out that you learn who has been swimming naked"

And AFAIC, until shown otherwise, this rise for the day may only be a pause before the knives continue to fall. While I'm taking a hit (on paper), I'm staying on the sidelines until things settle down.

[Maeve]

10. Aaannnd...the markets are flattening out

Dow up .88% (+211), Nasdaq up 1.89% (+149) and S&P up 1.52% (+42)

More ups and downs as the day progresses

[Maeve]

11. Someone let the air out of the bounce

Still up, but....
DOW--+162 (.64%)

Nasdaq--+92 (1.16%)

S&P--+28 (1.04%)

[onenote]

14. someone put the air back in it

Market recovered 1167 points today. What will tomorrow bring? Right now the futures are up a bunch. But the one thing I know is that none of us knows what the market will do tomorrow.

[Maeve]

12. As we round into the end of the day---UP over 3%

DOW up 3.22%
Nasdaq up 3.61%
S&P up 3.5%

Interesting note from this morning:

A Tuesday rebound would not be unusual — Bespoke Investment Group strategists found that in the 10 previous times since 1952 that the S&P 500 fell 5% or more on a Monday, the index has gained the following day, by an average of 4.2%.

https://www.marketwatch.com/story/after-a-brutal-day-stock-futures-gain-after-trump-floats-cuts-to-payroll-taxes-2020-03-09?mod=home-page

[Maeve]

13. Final numbers and tRump wins his news cycle!

Please remember that the average rebound for a big loss is 4.2%, so, ooo, better than average!
or, if you prefer, that was

Anyway....
DOW +4.89%
Nasdaq +4.95%
S&P +4.94%