Black Friday?
- Thread starter Warlord
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Krugminator2
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Think SPY at 276 goes up solidly by next monday from here
This time in the markets is unprecedented. More fear than 2008. Highly doubt things are this bad.
This time in the markets is unprecedented. More fear than 2008. Highly doubt things are this bad.
Krugminator2
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Think combination of Fed cuts in US and around the world and Trump will bring out bazooka with fiscal stimulus seems like this fear has to be overdone. Never seen anything close to this.
Markets are forward-looking. Is it "bad" right now? Not really but there are signs of a drop-off underway. How will the economy look in 2-3 months? How will earnings season look? Whether the virus is a real threat to society or not is mostly irrelevant. The fear being generated by media and .gov are making for a self-fulfilling prophecy.
Krugminator2
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VIX is super complacent right now. Held at 52-54 for hours. Probably need to spike into 60s for the bottom today. so probably another few percent down.
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Black Hump Day.
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Apparently all kinds of margin calls happening. People need to raise cash, so they sell bonds and gold. 10 year Treasury yield inches up...
Voluntarist
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Per registered decision, member has been banned for violating community standards as interpreted by TheTexan (respect his authoritah) as authorized by Brian4Liberty Ruling
May God have mercy on his atheist, police-hating, non-voting, anarchist soul.
May God have mercy on his atheist, police-hating, non-voting, anarchist soul.
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Warlord
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Gold getting hammered again. What's going on? [MENTION=2727]devil21[/MENTION] needs to check in!
Last week it also sold off then rallied strongly.
Voluntarist
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Per registered decision, member has been banned for violating community standards as interpreted by TheTexan (respect his authoritah) as authorized by Brian4Liberty Ruling
May God have mercy on his atheist, police-hating, non-voting, anarchist soul.
May God have mercy on his atheist, police-hating, non-voting, anarchist soul.
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TheTexan
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Exactly, you answered your own question. It's not voting unless you get a sticker.
That said, America-hating commies will buy just about anything. A Great American buys American.
RonZeplin
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Plunge Protection Team, aka President's Working Group on Financial Markets.
Buy as much PM's as you can now, the price in fiat dollars will skyrocket soon. IOW, yo cash ain't nothing but trash.
Warlord
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Buying as much as I can afford when paid. I buy 0.25 ounce Krugerrand's. Decent premium and easily traded when SHTF!
Krugminator2
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Not going to lie this was the worst few weeks financially of my life. Lost a staggering amount on casinos, cruise ships and shorting the VIX. I nailed shorting treasuries and caught the market bounces but not even close to the losses on the other three. That said, trying to be as objective as I can be. I think the market has a historic rally. The breadth indexes I look at are either the lowest in history or second lowest.
$NYMO has had four of its lowest 15 readings in history in a two week stretch. Nothing close has happened. $NYAD is the lowest in history. I look at the bullish percent index and financials are at the same low level as when Lehman Brothers fell. The Fed has upped their repos substantially. They are likely to go big on the next cut. I think Trump will sell positive BS on TV tonight and promise the world. The VIX has held very high levels for an extended period of time. The pattern of big down day, big up day, big down day tends to be pretty bullish. This is the fastest 20 percent correction in history and you still have a zillion people who think it will go down another 10%.
There are just so many indicators right now that scream bullish. The dumb money index that Sentimentrader puts out is the most bearish ever and smart money is very bullish. Tons of gap downs clustered tends to indicate excessive fear. The last 7 Fridays have been down which tends to mark bottoms because people are scared of event risk to hold over the weekend. Two days ago was one of the worst days in market history. Those usually mark bottoms or a slight residual bottom before sharp rally.
Gut feel is the World Health Organization calling this a pandemic marks this as a low.
$NYMO has had four of its lowest 15 readings in history in a two week stretch. Nothing close has happened. $NYAD is the lowest in history. I look at the bullish percent index and financials are at the same low level as when Lehman Brothers fell. The Fed has upped their repos substantially. They are likely to go big on the next cut. I think Trump will sell positive BS on TV tonight and promise the world. The VIX has held very high levels for an extended period of time. The pattern of big down day, big up day, big down day tends to be pretty bullish. This is the fastest 20 percent correction in history and you still have a zillion people who think it will go down another 10%.
There are just so many indicators right now that scream bullish. The dumb money index that Sentimentrader puts out is the most bearish ever and smart money is very bullish. Tons of gap downs clustered tends to indicate excessive fear. The last 7 Fridays have been down which tends to mark bottoms because people are scared of event risk to hold over the weekend. Two days ago was one of the worst days in market history. Those usually mark bottoms or a slight residual bottom before sharp rally.
Gut feel is the World Health Organization calling this a pandemic marks this as a low.
Madison320
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I'm getting hammered as well. I'm beating the average but not by much.
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