Implied open -1200 on the Dow.
Repo facilities mounting.
Implied open -1200 on the Dow.
Repo facilities mounting.
Anybody buying today?
Keep watching lenders.
Bring it on! I’ve got plenty of dry powder thanks to selling high in recent months and a pair of trailing stop sales that kicked in during the last few days. I don’t think it will take the economy long to recover after this thing finally settles as there will be lots of pent up consumer demand.
“Pent up demand”? Reciting Trump’s speech? No, not necessarily. It doesn’t “stand to reason”.
I agree that there will be a rather steep recovery—unlike Igy I don’t think it will take 10 years, unless the credit markets sustain structural wounds. They will print to infinity to avoid that. It always comes back to the dollar, and the fact that it is the world reserve.
Dax -7%
Cac40 -8%
That's going to be brutal.
Lots of corporate debt. I guess only Igy noticed. Of course Igy was also the biggest trumpanzee on the other thread.
Dump trump for mental incompetence and we can start to deal with the present disaster.
Maserati wrote:
Anybody buying today?
Keep watching lenders.
Absolutely. Increasing my contribution to my 401(k) in fact. These are the kinds of dips that set you up for sweet returns 10 years from now. I was too young to buy the 2008 dip but there's no way I'm missing out on this sweet opportunity. Boomers watch out because I'm about to join the country club
jesseriley wrote:
Lots of corporate debt. I guess only Igy noticed. Of course Igy was also the biggest trumpanzee on the other thread.
Dump trump for mental incompetence and we can start to deal with the present disaster.
Only Igy noticed? People have been screeching over CLOs since the Big Short was released in theaters a few years ago. No one cares and rates are so low that no one still really cares. This isn't over debt right now it's over projected reduced spending. If a "debt bubble" bursts then it'll be in a few months after companies have had time to actually default.
In fairness to screechers though, high yield junk sh!t is basically dead at this point. People bailing out into T notes and safer bonds
I've been buying a bit every day yeah so I'll continue that.
Scraping for good news...portfolios of around 30% stocks are still up for a 52 week period, as are portfolios with around 60% stocks.
Buy americans airline shares and Chevron.
I expect the stock market to fall 20% again in the following weeks.
Maserati wrote:
“Pent up demand”? Reciting Trump’s speech? No, not necessarily. It doesn’t “stand to reason”.
I agree that there will be a rather steep recovery—unlike Igy I don’t think it will take 10 years, unless the credit markets sustain structural wounds. They will print to infinity to avoid that. It always comes back to the dollar, and the fact that it is the world reserve.
global hegemon for the win Mas.
Good for you, Racket! I will buy in bulk when I think the time is right. I am wimpier,I need to see a def change in trend.
The Dow Jones just crashed again and stopped trading after a new free fall.
-10.7% at Paris following the Dow Jones opening
Still not worried about the virus agip?
The markets were just about to begin a massive rally, and they stopped trading. Wtf?
They stopped trading because it was down 7% already.
just bought a tech ETF.
You may yet get that rally...
maybe I'll by netflix. I mean they are not going to lose any business at all to this.