Mass closes all restaurants.
My God. They are really playing this one all out because Tom Hanks is tired and has minor chills.
The market will continue to plummet, the Big Banks are being given trillions of $$, and you can now earn nothing on fixed income investments
Racket wrote:
Maserati wrote:
The gold market is small, fizz is different than paper, and miners are different again. Dollar vs basket, price of oil, part of economic cycle leading or trailing, etc. Gold is a guess, nothing more. Can’t hurt much if you limit yourself to say 5%, but it is by no means a sure thing, because it is not always uncorrelated.
I know, more masertalk. I write in an abbreviated fashion because I assume some understanding.
Mas, I woke up in a state of existential dread and need you to tell me it'll be OK.
America is still the greatest ever right? We're gonna swoop in and save the whole world WW2 style right? Right!?!
Lol wut?
See what is happening to gold spot, some people are just selling everything they can. It is not uncorrelated at this point in the cycle.
Hey agip, I don’t know your situation, but be careful to not just realize a whole pile of losses—you know how it goes.
Another day of zero real-world productivity for me personally, all my projects have to wait. Crap I just realized some tax stuff to which I must attend.
Maserati wrote:
Racket wrote:
Mas, I woke up in a state of existential dread and need you to tell me it'll be OK.
America is still the greatest ever right? We're gonna swoop in and save the whole world WW2 style right? Right!?!
Lol wut?
See what is happening to gold spot, some people are just selling everything they can. It is not uncorrelated at this point in the cycle.
Hey agip, I don’t know your situation, but be careful to not just realize a whole pile of losses—you know how it goes.
Another day of zero real-world productivity for me personally, all my projects have to wait. Crap I just realized some tax stuff to which I must attend.
It's OK Mas I'm over it now. What are we talking about, gold? Take a look at silver futures
The closure of stores in France has created chaso on the market , it's -10% today. The rumors are saying that France could take further measures like Italia did, if they do it it will plummet even more.
How the Dow Jones would react to the close of stores and quarantine measures at a nation wide scale?
It's about to plummet I guess, don't buy anything now, shorters will make money.
Also I just noticed that platinum has been totally crushed
The gold:silver ratio has diverged from its historic association. Silver is pretty much just another industrial commodity, maybe it should be less valuable than copper.
Silver coins would be a good idea now. Anti-microbial.
Glad you’re over it, but it was warranted. The big question is where do we go from here? What will society do? Is it as simple as re-setting equity markets at 50% of their ath? Unfortunately, no. Currencies will matter. Currency ratios are holding pretty steady right now, by design, and IMO that is one of the few things stitching everything together.
They are already floating bank bullshlt ideas like scrapping reserve requirements and canceling stress tests. To me that’s a giant red flag. Will be ordering some more money movement today.
Pt also just an industrial commodity. Palladium as well.
Maserati wrote:
Pt also just an industrial commodity. Palladium as well.
Yeah both are used heavily in auto industries which were looking weak before all this. Also I can't decide if I want to up my 401(k) or just keep the extra cash and save to remain liquid in case things get extra bad.
Maserati wrote:
They are already floating bank bullshlt ideas like scrapping reserve requirements
That wasn't floated, it was enacted as part of the Fed's announcement last night. I think it's good temporarily. A lot of businesses are drawing down lines of credit so they can operate and pay employees. The response by big business has really been impressive actually. A lot pledged to pay hourly workers before Congress passed its bill and many services like Grubhub are deferring comissions to help small restaurants
No reserve requirements.
What could go wrong?
questions:
what is the probability that we'll look back on the day after the Fed's second emergency rate cut as the obvious buy signal?
What is the probability that all the medical trials going on around the world land on something that works? Meaning an existing drug that works against this virus.
What is the probability that the US is a week behind europe in all things and we too will be down 40% from our highs next week?
What is the probability that this will be all the same as other postwar 30% down markets as a historic buy opportunity?
agip wrote:
questions:
what is the probability that we'll look back on the day after the Fed's second emergency rate cut as the obvious buy signal?
What is the probability that all the medical trials going on around the world land on something that works? Meaning an existing drug that works against this virus.
What is the probability that the US is a week behind europe in all things and we too will be down 40% from our highs next week?
What is the probability that this will be all the same as other postwar 30% down markets as a historic buy opportunity?
I'm prepared to go full blown war economy and accuse short sellers, bears, and sellers as communists
I am surprised and disappointed in gold's behavior here...down 13% from its highs.
but on the other hand, for 52 weeks it is up 16% while stocks are down 9%.
That's a huge swing.
For those about to rock, I salute you.
agip wrote:
For those about to rock, I salute you.
I'm trying to put orders in on some futures and a lot weird things are happening (and I don't mean because they're already at limit down). Probably going to see more "technical" issues today
Racket wrote:
agip wrote:
For those about to rock, I salute you.
I'm trying to put orders in on some futures and a lot weird things are happening (and I don't mean because they're already at limit down). Probably going to see more "technical" issues today
Don't bother with options chains I guess, they're all over the place
Dow down 2,250
we rocked then we shut it down.
Two bullish facts:
Of all recessions, the 1918 recession was the shortest, at 7 months. That was the Spanish Flu pandemic. So this recession might be short also.
and GS' new estimates are out - with just the 2Q showing negative econ growth then poz growth resuming 3q and 4q.
600+ dow point rally already.
by lunch we'll be at new highs.
agip wrote:
600+ dow point rally already.
by lunch we'll be at new highs.
got an American patriot right here! keep up the optimism agip