today's global markets

The US population has such an overlap of wealth and bone-headed stupidity that there are more people out there willing to sell a 12% dip than buy it. The buyers are patiently waiting the for the idiot supply to be exhausted.

I'm sure there's a huge amount of manipulation going on, too, shorters playing the idiots over and over again. Look closer at who's selling to who and at what volume.

Bad Wigins wrote:

The US population has such an overlap of wealth and bone-headed stupidity that there are more people out there willing to sell a 12% dip than buy it. The buyers are patiently waiting the for the idiot supply to be exhausted.

I'm sure there's a huge amount of manipulation going on, too, shorters playing the idiots over and over again. Look closer at who's selling to who and at what volume.

We are a few weeks out from some real bargains!

Yep Trumps fault. Clearly.

Bad Wigins wrote:

The US population has such an overlap of wealth and bone-headed stupidity that there are more people out there willing to sell a 12% dip than buy it. The buyers are patiently waiting the for the idiot supply to be exhausted.

I'm sure there's a huge amount of manipulation going on, too, shorters playing the idiots over and over again. Look closer at who's selling to who and at what volume.

I don't think you understand markets very well. I'm not claiming to either, but when something like this happens, there are forced liquidations and stops triggering and the market also goes essentially 'no bid'. Market is driven day-to-day by leveraged traders. When the market does turn around it will be due to short sellers covering not dip buyers.

Short sellers have undoubtedly been covering, then shorting again after every mini-rally, over and over again.

Which professionals are benefiting their leverage by selling dirt cheap? After-hours activity has contained a huge proportion of the drops, for example markets opened 2% lower today than they closed yesterday.

Bad Wigins wrote:

The US population has such an overlap of wealth and bone-headed stupidity that there are more people out there willing to sell a 12% dip than buy it. The buyers are patiently waiting the for the idiot supply to be exhausted.

I'm sure there's a huge amount of manipulation going on, too, shorters playing the idiots over and over again. Look closer at who's selling to who and at what volume.

At mid-day D.J.I.A. was down only a bit over 300 points. When there are big moves on N.Y.S.E. and N.A.S.D.A.Q., Chicago Board of Trade and Chicago Option Exchange are often the Tail that Wag the Dog. S&P 500 futures are traded in Chicago by individual Whales and large corporations all over the world. This has been the worse four days in a row in U.S. equity markets since 2008.

I am about 40 percent cash since the start of the year. I thought I missed out on some nice gains but now I am glad I got out when I did with a good chunk.

I did buy a small amount today today and lost about 2 percent. Bummer.

If Bernie wins big on Tuesday, I expect a bad day in the market.

Trump started talking up the market and will have a harder time talking it up if this continues. If Bernie wins, the general election, markets won’t like that.

The market has been pretty pricey, perhaps a little overpriced. The outlook now is for at best no earnings growth this year. So some selling and as said above when leveraged positions lose value, there is more forced selling.

The market is still hardly cheap with a trailing P:E still about 20.

ExxonMobil is half what it was a few years back. Outlook for oil is dismal unless OPEC and Russia and US cut.

I went to work on Monday having decided at 64, that I would sell my stock (65%) and convert to bond funds and stable value until after Super Tuesday to get the lay of the land. By the time I had logged in to my 401K the rout was already on. I sat back and now I am going to have to work for at least 2 more years to retire. It seems crazy that if the rout had started a couple of hours later, I would be feeling much better about my financial future. Karma is a b!tch.

Markets these days have little to do with the actual valuation of companies. Markets today are just a reflection of gravitational shifts in where capital is held. US markets have been the preferred place to move capital over the past 10 years because of low interest rates and low inflation in the US. But US markets are very vulnerable once capital starts to move to the exits to find shelter during the virus outbreak. US domestic oil and gas production is largely financed through junk bonds. Those junk bonds will crash in the next few weeks, the result of a wave of defaults in US energy companies drilling projects. US corporations are also heavily leveraged right now after spending billions to buy back stock to inflate their value. Once capital starts to move out of those companies, everyone realizes that the stock was overvalued and the fall is much harder. And then there is just a general vote of no confidence after Trump's rambling coronavirus press conference. So, the US markets will dive faster and harder because capital has piled itself into our markets more than others.

ReallybroReally wrote:

as said above when leveraged positions lose value, there is more forced selling.

said not one of the headlines in the finance news. On Monday they said ,"look at the last ten 3% drops, see, it bounced right back most of the time." Yesterday they were saying "look for a V shape rally." Nobody was saying, "look out, the big shots are gonna be triggered into selling everything for peanuts."

The headline I saw multiple times at midday, just when the latest dive started, was "oh no, Microsoft cancels attendance at a Facebook conference." What a disaster.

Bad Wigins wrote:

ReallybroReally wrote:

as said above when leveraged positions lose value, there is more forced selling.

said not one of the headlines in the finance news. On Monday they said ,"look at the last ten 3% drops, see, it bounced right back most of the time." Yesterday they were saying "look for a V shape rally." Nobody was saying, "look out, the big shots are gonna be triggered into selling everything for peanuts."

The headline I saw multiple times at midday, just when the latest dive started, was "oh no, Microsoft cancels attendance at a Facebook conference." What a disaster.

There was over 80 M shares of Microsoft traded today and over 70 M of Apple just to pick 2 of the largest cap stocks. How much do you think was short sellers?

The afternoon Microsoft sellers were regular people panicking about the Facebook conference and earnings estimates, but before that, the price was rallying after giving up a big chunk between sessions.

Whoever they were, they were all dumb. Microsoft and Apple aren't going to stay this cheap all year, and it's still ahead of 3 months ago. Which analysts are advising anyone to sell? If there's someone out there who knows it's going to be triggered to fall into a bottomless pit, they should out with the details. This is all hindsight.

Stocked and Loaded wrote:

Yep Trumps fault. Clearly.

Your attempt at sarcasm.

Equity markets go up and down in long run (30 years) based on corporate earning. Other significant factors are fiscal policies (government budgets) and monetary policy (Fed Board of Governors/Fed Chairman and Federal Reserve).

The capital of the Titanic is responsible. Right? trump has pressures Fed Chairman regarding Over Night Fed Funds Rate and Discount Rate. trump is involved with fiscal policy. He signs every annual budget

This does not look like a few people scared pulling out of markets. This does not look like some short sellers driving down the market as others have theorized. This looks like systematic selling by professional mutual fund managers.

What really pisses me off is how the after-hours traders can cause the market to open 3% down from where it closed the day before, which it did yet again today. How am I supposed to trust what happens during the session when I know these men behind the curtain can cancel it all?

Session traders seem to be affected by this lurking spectre. The S&P closed at 2978 and opened at 2903 today. It rallied back to 2951 close to noon, but then fell back in line with the men-behind-the-curtain's opinion. You don't want to disagree with them.

So almost the moment I posted this (check the graph!) it made an amazing jump and closed at 2954. But now, beware the men behind the curtain! Monday it'll be 2850.

If Bernie wins the Presidency, the market will bottom out , no doubt. However, the libs will cry that the Dow was falsely inflated and corrected during a fiscally responsible leader such the Bern.

Don’t wash your hands, trump has everything under control.

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