Zero Hedge = zero chance i would click on it.
What does it say?
Ghost of Igloi wrote:
https://www.zerohedge.com/markets/fed-has-made-people-lazy-veteran-trader-filibusters-cnbc-doesnt-get-sorted-out-overnight
Idiotic monologue. Not one time did he even mention the MAIN underlying cause of the market decline. Hint: it’s a virus of some kind. Not the type found in computer code.
I bought in today with all my remaining immediately available capital. Sure, the market could go lower, potentially even significantly lower, but NOW is a sure thing, and 7+ percent drops are extremely rare occurrences. And, if the market returns to previous highs by this time next year, it will mean making 25% on what I put in today (including dividends). I have other less liquid capital I will work to move into the market asap in case stocks continue to fall. Overall, this seems like panic selling to me more than anything. The market was definitely overvalued at 3,300+, but the economy is fine overall, and the significance of coronavirus is WAY overblown at this point. It *could* mutate into something more deadly, but that is unlikely as well.
Going to be an interesting couple weeks to months.
Toucan Play wrote:
https://www.zerohedge.com/news/2020-03-09/words-wisdom-chicken-little-sky-not-falling
Don’t ruin his fun. It happens so rarely.
“As a society, we have forgotten how to turn a profit, and are just spending the wealth that was left to us, and placing our kids in deep debt.“
Now this I like. So true.
I must say, even though I've lost thousands of dollars, these are exciting times!
The market is being driven by short-term technical analysis by computers. Oil breaks a support level that triggers a decline in oil stocks that triggers a decline in.... and so on to the point of insanity... all driven by mindless computers looking at arcane things like support levels, moving averages, and so on.
While cruise lines and other travel sectors will probably take a long time to recover, other stocks still look just as attractive as they did a month ago at 20% higher prices.
One thing I've noticed is that the timeline of technical market trading has accelerated dramatically. I've used Bollinger Bands (along with other indicators) for years, but recently they quit working. That is, they quit working until I changed the standard time frame from 20 days to 12 days and then from 12 days to 12 30-minute intervals. Suddenly, there they are again, doing what they should do. It's as if an entire day of trading has been compressed into 30-minute intervals.
What does this mean? I don't know. It's just... fascinating.
i have to agree with you there, fisky. And watching the futures tick up to a fraction below 4%, I'm inclined to think tomorrow won't be too dull either.
Dow futures up because of all the bump-buyers. More pain ahead.
I believe a move up, fail, and market finds support at 2,400. Then we will have poor earnings, more U.S . cases, recession, equals much lower equities.
Gonna sell my silver wrote:
I bought in today with all my remaining immediately available capital. Sure, the market could go lower, potentially even significantly lower, but NOW is a sure thing, and 7+ percent drops are extremely rare occurrences. And, if the market returns to previous highs by this time next year, it will mean making 25% on what I put in today (including dividends). I have other less liquid capital I will work to move into the market asap in case stocks continue to fall. Overall, this seems like panic selling to me more than anything. The market was definitely overvalued at 3,300+, but the economy is fine overall, and the significance of coronavirus is WAY overblown at this point. It *could* mutate into something more deadly, but that is unlikely as well.
Going to be an interesting couple weeks to months.
kudos man.
I think you'll be happy with that, a year or two out.
agip wrote:
Gonna sell my silver wrote:
I bought in today with all my remaining immediately available capital. Sure, the market could go lower, potentially even significantly lower, but NOW is a sure thing, and 7+ percent drops are extremely rare occurrences. And, if the market returns to previous highs by this time next year, it will mean making 25% on what I put in today (including dividends). I have other less liquid capital I will work to move into the market asap in case stocks continue to fall. Overall, this seems like panic selling to me more than anything. The market was definitely overvalued at 3,300+, but the economy is fine overall, and the significance of coronavirus is WAY overblown at this point. It *could* mutate into something more deadly, but that is unlikely as well.
Going to be an interesting couple weeks to months.
kudos man.
I think you'll be happy with that, a year or two out.
Why?
Giles Corey wrote:
agip wrote:
kudos man.
I think you'll be happy with that, a year or two out.
Why?
in every instance in recent times except the financial crisis, buying when the VIX is this high has been a good move.
Who knows what the next month or two will bring, but after the fear drops out of the market these prices will likely look cheap.
Ghost of Igloi wrote:
https://twitter.com/NorthmanTrader/status/1237313637959729154
Rumor has it that Sven Henrich aka NorthmanTrader lost some big money for people that trusted him to manage their accounts (apparently in an unregulated manner). The lesson here: just because you’re a prolific tweeter, have many thousands followers and appear via phone on CNBC, it doesn’t mean you’re a good trader or actually trade at all.
https://www.jltrader.com/2016/07/18/cautionary-tales-about-trading-gurus/futures slipping slipping slipping.
they were up 5%, now up 3%.
I read once a study that found the direction of the futures in the hour before the open was more important than the actual level.
I dunno. In these crazy volatile days anything can happen.
Racket wrote:
Maserati wrote:
For a while now, we have beennon the downslope. US dominance crested before the financial crisis, it is all downhill from here. The effects are visible, but they might take a while to be seen by the casual observer. Inconsistencies were the first key. So many things have made no sense, and have caused us to explain them by way of “paradigm shifts”.
A bit dramatic if you ask me. America remains the sole global hegemonic power for better or worse
Perhaps. It is possible to simultaneously be the hegemon, and be past the peak.
Yep, I was in a funk yesterday, for sure. Of all the steaks available I opted for a thick hanger steak because I had never before had one. It was great, done medium-rare, with a beautiful char, with some bearnaise sauce. Deep flavor, just excellent. No wine, it was disagreeing with my chemistry.
I think the red meat was what I needed.
Futures up, the sun is shining, bills are paid, houses and cars all working well, food in the pantry, days getting longer.
Yeah agip, I was wondering last night who else got those “sell everything “ recos, and will act on them. I have zero faith that the markets will finish in the green today, even as CHN is emerging, KOR is winning, and JPN remains solid, in the face of corona.
All eight indexes on our world watch list posted losses through March 9, 2020. The top performer is China's Shanghai with a loss of 3.50%. Hong Kong's Hang Seng is in second with a loss of 11.17% and in third is India's BSE SENSEX with a loss of 13.62%. Coming in last is France's CAC 40 with a loss of 21.25%.