Down goes the Dow

Doesn’t wear well Jesse. You need to move on.

oh man the last hour is gonna be lit.

could be down 2000 points or up 2000 points.

the machines will lead us

Perhaps you don’t want anyone to know of your love for vladdy?

It just seemed like you went long on Russia & did well, Ig. Hope you got out in time.

small caps down 34%?????

Wow. Maybe that's the buy here.

Gone golfing

We straight bro

Bam.

The only thing they could do, dems blocking stimulus, rate too close to zero. $1T in total, bigger than TARP.

This needs to resonate for a few days, to shake out.

rraaaaaaahhhhhddddddddd 'em cowboy

yeeeaaaaaaahhhhhhhhhaaaaaa

You do not F with a vix at 70.

it's like kindling, gasoline on top, with a musk flamethrower pointing at it and primed.

this is proof that BOOMERS are the worst generation ever. they won't even let the market crash so that others can buy the dip like they did in 2008

Racket wrote:

this is proof that BOOMERS are the worst generation ever. they won't even let the market crash so that others can buy the dip like they did in 2008

I LITERALLY laughed out loud.

but dude. small caps down 30% or more counts as a crash.

agip wrote:

Racket wrote:

this is proof that BOOMERS are the worst generation ever. they won't even let the market crash so that others can buy the dip like they did in 2008

I LITERALLY laughed out loud.

but dude. small caps down 30% or more counts as a crash.

It was a joke of course. Looks like most of those gains are being given back now anyways. It'll be interesting to see what comes out of Congress though

Buy the bump

so much for bitcoin being a safe haven. down 22% today.

gold is down too but only 3-4% last I checked. Strong dollar and panic sell of everything is the reason for that one.

Ghost of Igloi wrote:

https://mobile.twitter.com/NorthmanTrader/status/1238155686128869377?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet

prepare for the classic bear excuse after a sharply down market rises:

'well it took X action from the government to make markets rise... markets will fall back when it is over.'

people stayed away from the SPX from 700 to 3000 on that theory.

Markets back down from knee-jerk. Still needs to settle for a couple of days.

I have been at banks and brokerages all day. They saw this coming but were, and are, still nervous. A few big 5 guys asked ME what I thought! R U kidding me. They have little to no idea how fragile things are. They have faith in the fed, who apparently can stimulate much more than this.

Going back in half an hour, this time to WF to switch an account from advisor to Wells Trade and dump in more money. Money dump is immediate, account transfer takes up to 3 business days...and I know the guys! That’s ok because I have no plans to do anything with any brokerage accounts for the next few days. IMO it is important to have diversity in brokerages, esp now. Wells has had no downtime this week, and has no fees or commissions on equities, fees on fixed income are ok and I would not be trading bonds regularly, in this account.

I had a good conversation with the spouse just now. Our plan is to white knuckle this thing and look for buying opportunities when the dust starts to settle. I have been buying some on the way down, and also selling a bit with the little bounces. This will sting a bit but not hurt us in a way we can't recover from, even if the markets lose 60-80%. Of course a drop like that will sting more...

Maybe both of us will need to work a few more years... :-)