agip wrote:
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.
Yeah 8am is usually when market makers wake up from one coked out and high class prostitute bender and start a new one. Also cash open
IDK if you know how true that used to be. I was offered such a position, investigated, saw what happened to everyone, and decided against it. In 3 years I would have been rich, but knowing myself, in 5 years I would have been dead, or terminally ill. Matter of fact I followed 2 other guys who did accept—one is dead before the age of 50, and one is twice divorced and not quite penniless at 55. He was UHNW before the age of 35, then it all fell apart, starting with .com. 2 other guys I remember are rich and fine, although terrible conversationalists, it’s like they’re perpetual 21-yr-old adrenaline junkies.
IDK if it’s still like that, though. Those were the heady days.
Dow up 800, and I still have little confidence. There is still too much debt that needs to be agreed-upon. I think we will work it out in the US, in the euro I think it might take longer. Will Dems lend support? Tough call. Drumpf can paint them black for refusing, if he wants, and he will have supporters. Dems are in a tough spot right now.
This is a big opportunity for Drumpf, remember, never let a good crisis go to waste.
I still believe that a numerical comeback will be engineered, the US won’t be so bad, he will blow his own horn ceaselessly, the summer will be sunny and hot, and that by fall this will all be a faded memory.
Hey idiot how are things going?
beware the blowhards wrote:
Ghost of Igloi wrote:
https://twitter.com/NorthmanTrader/status/1237313637959729154Rumor 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/
Do you believe any of the investment firms or financial media are compromised by their positioning or business interests? The answer is obvious, YES!
Maserati wrote:
IDK if you know how true that used to be. I was offered such a position, investigated, saw what happened to everyone, and decided against it. In 3 years I would have been rich, but knowing myself, in 5 years I would have been dead, or terminally ill. Matter of fact I followed 2 other guys who did accept—one is dead before the age of 50, and one is twice divorced and not quite penniless at 55. He was UHNW before the age of 35, then it all fell apart, starting with .com. 2 other guys I remember are rich and fine, although terrible conversationalists, it’s like they’re perpetual 21-yr-old adrenaline junkies.
IDK if it’s still like that, though. Those were the heady days.
Yeah I've seen the movies about Wall Street in the 80s Mas.
Starting to fad pretty hard. Only up 2225 points right now and dropping. Won't be a good sign if we can't even hold a slight green after yesterday's massacre
Racket wrote:
Maserati wrote:
IDK if you know how true that used to be. I was offered such a position, investigated, saw what happened to everyone, and decided against it. In 3 years I would have been rich, but knowing myself, in 5 years I would have been dead, or terminally ill. Matter of fact I followed 2 other guys who did accept—one is dead before the age of 50, and one is twice divorced and not quite penniless at 55. He was UHNW before the age of 35, then it all fell apart, starting with .com. 2 other guys I remember are rich and fine, although terrible conversationalists, it’s like they’re perpetual 21-yr-old adrenaline junkies.
IDK if it’s still like that, though. Those were the heady days.
Yeah I've seen the movies about Wall Street in the 80s Mas.
Starting to fad pretty hard. Only up 2225 points right now and dropping. Won't be a good sign if we can't even hold a slight green after yesterday's massacre
ugh, 225 points not 2225
Yep, headed straight down. That was fast.
The 80’s were at once great, and terrible. So many douches came out of that era. I am sure that I was an 80’s sort of a-hole for a while, but I have grown out of that—and I have the diminished net worth to prove it!?
Of possible interest to idiot and other real technical types, I am reading through the patents on the Sigma Metalytics PMV to determine if it’s worth getting one, and what the results actually mean. I might get some physical when the time is right, gold will fluctuate and there will be a buying opportunity.
Maserati wrote:
Of possible interest to idiot and other real technical types, I am reading through the patents on the Sigma Metalytics PMV to determine if it’s worth getting one, and what the results actually mean. I might get some physical when the time is right, gold will fluctuate and there will be a buying opportunity.
Send it to your local university chem lab for testing. They'll probably do it free and it'll help aspiring undergrads learn in the process
That only works for the surface. Plus there’s nothing like hitting the surface of a coin with some nitric acid.
Turns out I am not the only one doing nothing—everybody here is sitting on their hands with maybe just a toe in, to gauge the temperature. Not even shorting. Makes me feel a bit better. Going to Ameriprise at lunch to see what is up at their place.
Maserati wrote:
That only works for the surface. Plus there’s nothing like hitting the surface of a coin with some nitric acid.
Turns out I am not the only one doing nothing—everybody here is sitting on their hands with maybe just a toe in, to gauge the temperature. Not even shorting. Makes me feel a bit better. Going to Ameriprise at lunch to see what is up at their place.
Only works for the surface? Not quite. Specific density and conductivity can be checked pretty easily. Plus how many people are selling counterfeit gold bars on legitimate exchanges? What is this like 50 AD?
ok now we'll see if my totally unfounded and probably wrong theory of market down days works...that the selling tends to peak by 11 or noon, as retail orders and scared traders force their sell orders through.
Maserati wrote:That only works for the surface. Plus there’s nothing like hitting the surface of a coin with some nitric acid.In university, my friend (one of the DCs mas and I knew) had a gold ring that came into contact with mercury. It turns out that mercury and gold will combine chemically (I forget how to correctly describe the process, but at a high level gold and mercury are both fluids that combine in solution; I'm sure this isn't exactly right, sue me...), and this ruined the gold ring. Somehow we convinced a chemistry professor to help us get the mercury out of the ring. I have no recollection exactly how we / he managed that. Or maybe I've made up this memory, who knows...
Conductivity/resistivity of a coin-like sample is not as easy as you might think.
To promote good karma during this market dislocation, I have adopted a fly that appeared in the office. He emerged as the sun heated up the area around the windows, and is all alone and a bit dopey. I fed him maple syrup and mashed ripe banana, both of which he lapped up with zeal. He is now cleaning up, and apparently has no fear of me.
I feel like Feynman when he was watching ants on his bath tub, or something like that. I’m sure that there is something useful to be learned from this.
Maserati wrote:
Conductivity/resistivity of a coin-like sample is not as easy as you might think.
To promote good karma during this market dislocation, I have adopted a fly that appeared in the office. He emerged as the sun heated up the area around the windows, and is all alone and a bit dopey. I fed him maple syrup and mashed ripe banana, both of which he lapped up with zeal. He is now cleaning up, and apparently has no fear of me.
I feel like Feynman when he was watching ants on his bath tub, or something like that. I’m sure that there is something useful to be learned from this.
chem labs can test for like up to 99.9999% purity so it's definitely possible. Plus, you'd be supporting your local university! What could be better?
Anyways, enough of that. My concern is headlines like "bear market officially started" and "unemployment ticks up by .2%" will cause panic and trigger a self-fulfilling recession or disinflation. The White House will have to control the narrative and project calm to try to curb falling consumer sentiment and let's face it, that's not gonna happen.
Dow up 12 points now and dropping fast.
Uncle B wrote:
Dow up 12 points now and dropping fast.
Nope.
I would not have predicted a +3% day at 3:00 PM when we were negative a few hours ago.
I wonder if there's some record for total up and down points...hard to believe other days have this one beat.
Probably this post is the kiss of death - expect another 800 dow points down in the closing hour.
beware the blowhards wrote:
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/
I might buy tomorrow. Today was insufficient to inspire confidence in much of anything.
The fly has been interesting, when combined with the visit to Ameriprise.
Well what a day, looks good on the surface.