DanM wrote:
DJIA at close 1987-10-19: 1,738.74
DJIA at close 2020-03-18: 19,898,92
More than 11 times your money in 33 years.
Sounds like a good deal to me.
It would be if you had money in there on 10/19/87 and had not been adding since then.
Cherry picked the day after the worst one day in the market in history.
An inexplicable drop that was never explained.
“Societal reaction?” The NYSE won’t allow traders on the floor after Friday, to stop the virus.
Those famously over-reacting Wall St types, whatever.
Ha! It’s coming.
Just got an email that one of our front door staff has been exposed at home to someone who tested positive.
He is in self-quarantine, awaiting the onset of symptoms...or not. No word on whether he is to be tested, probably not if he remains asymptomatic. He will return at such time as he has been asymptomatic for 14 days.
As judged by whom, I don’t know. By himself, no doubt.
The lack of test kits is ridiculous.
Pretty sure a travel ban will be announced Friday. Stay tuned.
futures up 2% after some ECB paper shuffling.
Hope that's enough to put a fire to take profits under those holding big puts at stupid high prices.
Today was all about bonds...the bond market stopped working today and that threw off everything. Like when housing prices threw off everything in 2008-9.
Probably multiple hedge funds blew up - without a bond tether their strategies fell apart.
Not sure if that is bullish or bearish...probably bullish since bonds have a cash flow and therefore can be priced. Houses have no cash flow so they can't be priced rationally.
Maybe once bonds come back to normal that will settle the equity markets.
My 22 year old son got a call today - he was exposed 13 days ago and therefore should quarantine himself one more day. But he only found out about it today. Hard to fight these viruses. He has no symptoms. Not sure if he will be tested.
I hope he’s ok
Yeah, hope all goes well with your son, Agip. Maybe getting it early may build an immunity. Lots of talk about that but not sure the latest thinking on it.
agip wrote:
My 22 year old son got a call today - he was exposed 13 days ago and therefore should quarantine himself one more day. But he only found out about it today. Hard to fight these viruses. He has no symptoms. Not sure if he will be tested.
Best wishes of course. My guess is that there's quite a few people who have it and don't even realize it (and won't realize it until we test everyone).
agip wrote:
futures up 2% after some ECB paper shuffling.
Hope that's enough to put a fire to take profits under those holding big puts at stupid high prices.
1)Market forward looking.
2)We are a resilient people. We will get thru this.
3)Market has forecast a near worst case scenario.
4)Put/call ratio off the charts
5)Option IV ridiculous
6) Short side too crowded.
7)Shorts over confident.
8)Many shorts are amateurs, just got into this. There was a post in another thread about guy and his college friends shorting the market. Reddit had so many shorts on their spec channel, they made their group private.
9)President has acknowledged the problems gave a pessimistic timeline
10)Posters here calling a free-fall, giving up all hope.
Massive multiple day rally coming up. It's possible the bottom is in.
11) Don't fight the fed
up goes the dow wrote:
agip wrote:
futures up 2% after some ECB paper shuffling.
Hope that's enough to put a fire to take profits under those holding big puts at stupid high prices.
1)Market forward looking.
2)We are a resilient people. We will get thru this.
3)Market has forecast a near worst case scenario.
4)Put/call ratio off the charts
5)Option IV ridiculous
6) Short side too crowded.
7)Shorts over confident.
8)Many shorts are amateurs, just got into this. There was a post in another thread about guy and his college friends shorting the market. Reddit had so many shorts on their spec channel, they made their group private.
9)President has acknowledged the problems gave a pessimistic timeline
10)Posters here calling a free-fall, giving up all hope.
Massive multiple day rally coming up. It's possible the bottom is in.
I have to admit the fact that wallstreetbets is doing this good is pretty worrisome and makes me think we're about to rally 30% up in a day
up goes the dow wrote:
11) Don't fight the fed
Sadly, that still has caché.
Still feeling itchy...but after all, the market was down massively today. Futures up a bit.
Maserati wrote:
up goes the dow wrote:
11) Don't fight the fed
Sadly, that still has caché.
Still feeling itchy...but after all, the market was down massively today. Futures up a bit.
Just saw a stat : SP500 has moved more than 4% everyday for the past 8 days (beating the previous Great Depression era record). Let's make it 9 boys!
up goes the dow wrote:
agip wrote:
futures up 2% after some ECB paper shuffling.
Hope that's enough to put a fire to take profits under those holding big puts at stupid high prices.
1)Market forward looking.
2)We are a resilient people. We will get thru this.
3)Market has forecast a near worst case scenario.
4)Put/call ratio off the charts
5)Option IV ridiculous
6) Short side too crowded.
7)Shorts over confident.
8)Many shorts are amateurs, just got into this. There was a post in another thread about guy and his college friends shorting the market. Reddit had so many shorts on their spec channel, they made their group private.
9)President has acknowledged the problems gave a pessimistic timeline
10)Posters here calling a free-fall, giving up all hope.
Massive multiple day rally coming up. It's possible the bottom is in.
Dream on....
https://twitter.com/hussmanjp/status/1240441700725784579Ghost of Igloi wrote:
up goes the dow wrote:
1)Market forward looking.
2)We are a resilient people. We will get thru this.
3)Market has forecast a near worst case scenario.
4)Put/call ratio off the charts
5)Option IV ridiculous
6) Short side too crowded.
7)Shorts over confident.
8)Many shorts are amateurs, just got into this. There was a post in another thread about guy and his college friends shorting the market. Reddit had so many shorts on their spec channel, they made their group private.
9)President has acknowledged the problems gave a pessimistic timeline
10)Posters here calling a free-fall, giving up all hope.
Massive multiple day rally coming up. It's possible the bottom is in.
Dream on....
https://twitter.com/hussmanjp/status/1240441700725784579
11) Delusional people believe the Dow will recover even more quickly than it fell.
Racket wrote:
Maserati wrote:
Sadly, that still has caché.
Still feeling itchy...but after all, the market was down massively today. Futures up a bit.
Just saw a stat : SP500 has moved more than 4% everyday for the past 8 days (beating the previous Great Depression era record). Let's make it 9 boys!
To the upside, please.
Hope is not an investment strategy.
Ghost of Igloi wrote:
https://twitter.com/hussmanjp/status/1240441700725784579
Hussman’s predictions are like the fund he manages....miserable.
I’m not beneath groveling either