Down goes the Dow

Look at the NYSE Composite, the broader market will follow, fueled by Tech as it bites the dust. The last to die were the ones that took you to the high.

https://i0.wp.com/northmantrader.com/wp-content/uploads/2020/03/NYSE-7.png?ssl=1

If there is an immune response that kills it, is that not the definition of a cure, if antibodies can be synthesized? And do those antibodies in your body just disappear when the virus is gone? Does no coding for the antibodies remain, so that the body is “more ready” the second time around, assuming the virus has not advantageously mutated? Is it therefore advantageously mutating?

Many questions. Will have to call a microbi friend and talk proteins and mrna.

If this resonates down in time, recession—via either mortality and morbidity, or reduced interaction—will result, until such time as a vaccine might be found. And no amount of simulus will offset those effects.

Will be interesting to see if they can run down all the infections in CHN.

agip wrote:

roughly speaking, the market gained1000 points at the open, lost 1000 points to 11:30 and then gained ANOTHER 1000 points to 4:00 PM.

I took some liberties, but that's the gist of it.

Racket man I think that means a lot in the options world, yes? Amazing stuff.

Pretty exciting actually. The entire past two weeks have been absolutely incredible in the magnitude of the back and forth swings.

Futures in the tank.

I am fascinated by b&h psychology. I sold mine up, but then re-bought it, saving a few thousand points. Yesterday it was down where I bought it the first time, after almost a year; it could be the same or worse tomorrow.

Of course now I really don’t want to sell it and potentially realize a loss, when I don’t have to. This is a dangerous way to think anout things. Normally I wouldn’t have any problem, my mantra has been to never lose money—but with this, I feel differently. I feel trapped, psychologically. How llng would I hold this thing? Forever? What would I do if I was 75 years old?

Holding is bland and lifeless. Yes I know I haven’t held for long enough to really experience it all, but it seems really mindless, really faith-based. So far I have NEVER done as poorly on anything as this b&h might land me tomorrow, depending on what happens.

I don’t think I can do it anymore. I know, this is a real test. It is exceedingly difficult for me, even though I believe in rigging, this is just not the way to maximize returns. I have always known this, and provedbit kver the decades. This is for suckers and chumps, for whom “averaging in” is to me synonymous with “missing low-hanging fruit gains”.

Why anyone buys into the idea that you can’t time the markets, I have no idea. I’m not talking perfect timing, I’m talking timing the hugely obvious movements. This is especially unpalatable to me, as I sold everything else before the drawdown, and therefore have an affirmative action against which to compare the performance of this b&h.

This SUCKS, and I am disappointed in myself for having tried something different than what has worked well for me for 25 years.

Fail. It was what was bothering me all day yesterday.

Maserati wrote:

Futures in the tank.

lol seriously wtf is going on

Wait till S&P 500 2,400. Dems will smell blood at wiping out the Trump Bump. And stimulus? Not a chance.

Racket wrote:

Maserati wrote:

Futures in the tank.

lol seriously wtf is going on

Start of a bad, very bad Bear market. Just the early innings. And you scoffed at me all along.

Maserati wrote:

Futures in the tank.

I am fascinated by b&h psychology. I sold mine up, but then re-bought it, saving a few thousand points. Yesterday it was down where I bought it the first time, after almost a year; it could be the same or worse tomorrow. .

maser, love you man but what you are doing is not b and h. For the love of god stop calling it that.

b&h psychology? It's looking at the long term returns of the indices and deciding yeah 8 or 9 or10 or 11 or 12% is pretty good I'll take that thanks. That is not complicated or difficult to understand.

and now we wait for Igy to post up returns from March 9 2000 or whatever was a peak.

Racket wrote:

Maserati wrote:

Futures in the tank.

lol seriously wtf is going on

Seriously? No one watched the news in January coming out of Wuhan? All those videos leaked were fake?

Hope you weren't getting your information from cable news channels. Wall street digs deeper.

agip wrote:

and now we wait for Igy to post up returns from March 9 2000 or whatever was a peak.

But you keep calling the bottom. Remember two weeks ago you were all excited the turn was ove?

Yeah agip but WHY leave that money on the table? Is there zero concept of a limit order? Stop loss? These are standards. Why do you not sell and re-buy later, when at the beginning of a predictable cycle? Surely you could predict this, even shortly after it started.

The marginal benefit seems huge to me. No, it has BEEN huge to me.

Well, videos are only one thing. I paid attention to them, and got first-hand information. I let everyone here know my opinion.

I still think that agip’s buying of the vix was the right move, and continues to be a good move.

Of course, he needs to sell at the right time. When I approved of his first purchase, I also said that I would sell it shortly thereafter.

Ghost of Igloi wrote:

Virus dies, mutates into a version that evades immunity.

It can’t mutate, if it’s dead.

Racket wrote:

Maserati wrote:

Futures in the tank.

lol seriously wtf is going on

so futures down 2% currently, but this after an up day of 5%. I can live with that if that is all there is. Market trying to find its footing...

Ghost of Igloi wrote:

And you scoffed at me all along.

Only because you’ve been wrong all along.