SP500 down midday almost 1.4%
SP500 down midday almost 1.4%
PPT rolling back into the NY Fed after steak and high ball lunch. They’ll save the day.
One member of the PPT went home after lunch with a headache and stomach issues. So the buy orders are slowed up a bit. Keep faith, they will have it under control by the close.
Your tinfoil hat is on a bit too snugly.
VIX just isn't high enough - we haven't shaken loose all the weak hands - they're still hanging in there. Need those people to finally give up the ghost and give back their shares.
Russell 2000 down 15%! from its highs.
market breadth seems to be much worse than the SP500 and Dow would indicate.
I just heard almost the entire PPT had to go home. The thinking is bad lemons in the high ball. Still hoping the three remaining traders can turn this around.
Ghost of Igloi wrote:
I just heard almost the entire PPT had to go home. The thinking is bad lemons in the high ball. Still hoping the three remaining traders can turn this around.
Uh, there are only four members of the PPT. Try to keep up.
Reagan knew! wrote:
Ghost of Igloi wrote:
I just heard almost the entire PPT had to go home. The thinking is bad lemons in the high ball. Still hoping the three remaining traders can turn this around.
Uh, there are only four members of the PPT. Try to keep up.
Gosh no wonder we keep going down. Only one PPT member at the desk!
eminence front wrote:
Your tinfoil hat is on a bit too snugly.
How incredibly original.
How do you keep coming up with such great stuff?
Can’t wait for Portia’s post or will she go into hibernation. The CDs and T-Bills looking good. Should be at the top of Porsche Cayman’s indicators.
NASDAQ down 3.5%, Russell over 3% down and S&P 500 down @ 2.25%. Today.
Glad I bailed on late morning of Oct 10th..at that time I had lost only about $10k from my peak.
Had I stayed in at the same investments I would be down another $35k as of now.
Of course, for the past five years my exposure to equities has never exceeded 10% of my liquid assets.
Still, feeling now is a good time to stay fully out.
agip wrote:
VIX just isn't high enough - we haven't shaken loose all the weak hands - they're still hanging in there. Need those people to finally give up the ghost and give back their shares.
Yes, it’s apparently very orderly for now. It’s interesting, does anybody remember a retracement as regular and orderly as this one?
My sense is that this market management will result in a higher bottom than we used to get when the market was not so managed. Also, it will take longer to get there, which is also a reason it won’t go so low, because thhere is time to re-evaluate.
It’s like a buffering action. Is it better for society? I don’t know. I know it will take me longer to make money on it, if I ever do.
Time to dust off and take another look at the dividend portfolio.
R2k down 3.3% with a few minutes to go.
And if only the PPT had skipped the high balls. Of course it could have been ice tea.
Once again the last 15 mins is key. Vol not insane
Indexes negative on the year now. Needs to fall significantly more. Big deal, bogus tax bump erased. Took long enough.
The real Uncle wrote:
NASDAQ down 3.5%, Russell over 3% down and S&P 500 down @ 2.25%. Today.
Glad I bailed on late morning of Oct 10th..at that time I had lost only about $10k from my peak.
Had I stayed in at the same investments I would be down another $35k as of now.
Of course, for the past five years my exposure to equities has never exceeded 10% of my liquid assets.
Still, feeling now is a good time to stay fully out.
Damn.
Further collapse since I posted that a few minutes ago.
NASDAQ down nearly 4.5%, Russell2k down nearly 3.8%, S&P500 down over 3.10%.
It was a massacre today......more to follow?
SP500 closes down 3.1%.
Question is, where is the money going?
Another very nice day.
I think there is substantial room to fall further, especially since the markets closed on the lows.
Erasing 2018 gains is nothing, really. I mean, seriously—if you panic over this event, you have no business in the markets.
Question is will the fed ease off its hikes, or will it continue to rely on bs data for pr purposes? Also, what will happen in midterms??
The question of fair value also looms large.
Just turned on cnbc and bloomberg. Fvck these people are ridiculous.
Among candidates for my potential dividend portfolio I will be paying close attention to debt load and debt term much more than I have in the past. Man, lots of work ahead.