NoMoreLibs
Kill Commie's, Every Single One Of Them!
HA!! Nope, I wish at this point. Just some mining companies. Up today, but still down overall. No rush on them, they're a long term item.
CORONA Market Bloodbath: Middle East Stocks Crater; Kuwait Halted; Aramco Below IPO; Dow Indicated Down 500
- Thread starter CaryC
- Start date
- Status
HA!! Nope, I wish at this point. Just some mining companies. Up today, but still down overall. No rush on them, they're a long term item.
desertvet2
Veteran Member
All is well...no need to panic...just look at the long list of candidates that where competing for the position of president of The United States. We are obviously in good hand's, if even that small group of people represents the entirety of OUR government's agencies and officers, and such....
Good hands Indeed.
Carry on....or carrion...
Good hands Indeed.
Carry on....or carrion...
Keep in mind in all this ...
TPTB manipulate the DJIA to go UP … (all that 'circuit breaker' stuff is just government market manipulation)...
And they manipulate gold to go DOWN (selling masses of paper contract "gold," which is why the paper price stays down).
NO MARKET MANIPULATION CAN PREVAIL FOREVER. And when this one fails - look out.
So far, ya ain't seen nothin' yet. Any reasonable predictions of future DJIA and gold price per physical ounce at this point would sound insane. Y'all have fun drowning in a sea of digits and a little paper.
TPTB manipulate the DJIA to go UP … (all that 'circuit breaker' stuff is just government market manipulation)...
And they manipulate gold to go DOWN (selling masses of paper contract "gold," which is why the paper price stays down).
NO MARKET MANIPULATION CAN PREVAIL FOREVER. And when this one fails - look out.
So far, ya ain't seen nothin' yet. Any reasonable predictions of future DJIA and gold price per physical ounce at this point would sound insane. Y'all have fun drowning in a sea of digits and a little paper.
doctor_fungcool
TB Fanatic
Last edited:
CaryC
Has No Life - Lives on TB
White House To Hold Meeting To Discuss Economic Stimulus
www.zerohedge.com
1 min read
Shortly after we posted a prediction from Goldman's David Mericle that the government and/or the Fed will need to immediately step in with monetary and fiscal stimuli to try and manage the recent chaos in the markets, VOA's Steve Herman reports that the White House will be holding a meeting to discuss economic stimulus later this afternoon.
Trump, meanwhile, is blaming an oil-driven spat between Saudi Arabia and Russia - not coronavirus fears - as "the reason for the market drop!"
To review some of the options on the table, according to Goldman:
On the Fed side, Goldman expects easing in March and April, with 100bp on the table. That said, it may have limited impact given where rates already are.
So far there's been virtually no reaction to news of the meeting.
read:White House To Hold Meeting To Discuss Economic Stimulus
bw
Fringe Ranger
People are paying a small fee to park their money where they think it's safe.
straightstreet
Life is better in flip flops
Was looking for him on Twitter (for his insight). Does he have a website?
vector7
Dot Collector
View: https://twitter.com/BonaldiDaCosta/status/1236988993230815232
View: https://twitter.com/MirMAKOfficial/status/1236953786666582017
View: https://twitter.com/inside_over/status/1237045602330062849
View: https://twitter.com/tezuma75/status/1237009370946273287
View: https://twitter.com/0406Guno/status/1237019951040430080
View: https://twitter.com/MirMAKOfficial/status/1236953786666582017
View: https://twitter.com/inside_over/status/1237045602330062849
View: https://twitter.com/tezuma75/status/1237009370946273287
View: https://twitter.com/0406Guno/status/1237019951040430080
David Nettleton
Veteran Member
Rush just now. This market drop is 15% covid-19, and 85% Saudi Arabia glutting the market with cheap oil. SA wants to kill the competition, or Russia, neighbor oil producers, and the US shale oil industry. SA still wants a friendly relationship with us, and Russian oil is the main target.
The Hammer
Has No Life - Lives on TB
Had been floating up, but now off 1665.
Does anyone know if we hit circuit breakers again if we bounced from a 9% drop and hit 9% again? Or do we have to drop further, 13%, to trigger again?
Does anyone know if we hit circuit breakers again if we bounced from a 9% drop and hit 9% again? Or do we have to drop further, 13%, to trigger again?
Melodi
Disaster Cat
He told me he is sort of having one over at SHENANDOAH and he's also doing updates on Twitter...
When all other markets crash, usually the only thing with a bid is gold. Funny thing though, the bid is usually down, not up. We will see if that holds in this instance ...
DSI = Daily Sentiment Index ...
=================
The DSI Says Gold and Bonds are About to Tank
Bob Moriarty
Archives
Mar 9, 2020
In military aviation pilots are taught about an important concept called being on the Back Side of the Power Curve. For every aircraft and altitude there is a speed and power curve. Until the aircraft gets too slow things work just fine. A lot like the Fed. But when the aircraft flies too slow and drag gets too high, the addition of more power makes the situation worse. The aircraft stalls no matter how much power the pilot applies. A lot like the Fed.
On Tuesday the 3rd of March the Fed surprised the market with a 50 basis point drop in interest rates. The move was intended to reassure the market that the Fed had things under control. The market in turn surprised the Fed by doing the opposite of what those investing using the rear view mirror believed.
The market tanked. Of course it tanked, the economy was on verge of stalling due to the highest debt level in history and just as it hit the stall point, the Fed jammed on the afterburner. Bad idea. But what a wonderful example of why pilots and the Fed should never add power when they are on the backside of the power curve.
Markets don’t trade on fundamentals or because of technicals. At every market top there are a hundred reasons to buy. That’s what makes a top. And at every market bottom there are a hundred reasons to sell, that’s how you know it’s a bottom.
Markets trade on emotion and if you can just measure that emotion with accuracy, you can make a lot of money or in the worst case, avoid losing a lot of money. I wrote about the propensity of the stock market to top based on nothing more complex than the Fear and Greed index on January 1st.
On Friday March 6th the Fear and Greed index became the opposite and then some of the late December reading as it hit a reading of 6. That’s really fearful.
(Click on images to enlarge)
Monday March 9th is going to be an interesting day. The DSI for Treasury Bonds had a near all time high reading of 98 on Friday March 6th. It’s only been higher one time, which was back in December of 2008.
The DSI may bounce around at record highs for two weeks as it did in December of 2008 during the GFC but there is another interesting issue that makes me think we will have a turn almost at once. The 9th of March marks a full moon and according to Tom McClellan his research showed that at full moons, markets tended to either accelerate in the direction they were moving or do an immediate U-turn.
Gold has wanted to correct for a couple of months. Gold shares peaked relative to gold at the start of the year at exactly the same time as I was saying to beware the stock market. I started to lighten my percentage of shares to cash during what was a great time to be selling shares. I have kept my core positions but selling when you have a profit beats the hell out of selling at a loss.
Gold needs a correction. Two weeks ago the DSI on gold hit 96 and that says things are getting frothy. I always get a lot of hate mail when I point out that gold and resource stocks sometimes go down but that just tells me I have nailed it.
We have entered the Greatest Depression. The latest chaos in the stock market is just the beginning. It’s going a lot lower. And likewise, bond prices could go higher with gold. But when everyone is on one side of the boat, that’s not a percentage bet.
Meanwhile the Coronavirus spirals out of control. In the US the number of cases went up almost 400% in a week, from 68 on the 29th of February to 378 on the 7th of March. That’s nothing. In France cases exploded higher from 100 cases on the last of February to 653 a week later for a 550% higher reported number of cases in a week. Germany showed a 750% increase in Coronavirus cases in the same week.
The travel industry is being destroyed. The world faces a critical shortage of medicine starting at once. Airlines may as well fold now and get it over with. The Coronavirus will not cause the Greatest Depression. That was on the cards already due to the incredible amount of debt in the world that will never be paid. The Virus is little more than a catalyst but it is a black swan of black swans and makes for a handy excuse.
Meanwhile the latest act out of Washington is Donald Trump playing Archie Bunker in a comedy with tragic overtones with Mike Pence cast as Barney Fife. Pence believes you can pray away an outbreak of a deadly virus while Trump believes women only have two important attributes and you can conduct world affairs on Twitter. I sorta suspect the biggest two boobs in the White House don’t belong to Melania.
Anyone appointing a born again Christian who believes in neither science nor evolution as the leader of the US fight against a deadly virus is an idiot. But it’s a case of the blind leading the blind.
Readers, don’t be tempted to consider writing a novel or a screenplay to be made into a movie using our own Archie Bunker and Barney Fife as characters. If your plot was identical to the facts it would be rejected as being too far fetched to be believed.
The stock market hasn’t finished its crash. The Everything Bubble just blew sky high and the ensuing deflation is going to take everything down.
###
Bob Moriarty
President: 321gold
DSI = Daily Sentiment Index ...
=================
Mar 9, 2020 The DSI Says Gold and Bonds are About to Tank Bob Moriarty 321gold
321gold.com ...takes no prisoners!
www.321gold.com
The DSI Says Gold and Bonds are About to Tank
Bob Moriarty
Archives
Mar 9, 2020
In military aviation pilots are taught about an important concept called being on the Back Side of the Power Curve. For every aircraft and altitude there is a speed and power curve. Until the aircraft gets too slow things work just fine. A lot like the Fed. But when the aircraft flies too slow and drag gets too high, the addition of more power makes the situation worse. The aircraft stalls no matter how much power the pilot applies. A lot like the Fed.
On Tuesday the 3rd of March the Fed surprised the market with a 50 basis point drop in interest rates. The move was intended to reassure the market that the Fed had things under control. The market in turn surprised the Fed by doing the opposite of what those investing using the rear view mirror believed.
The market tanked. Of course it tanked, the economy was on verge of stalling due to the highest debt level in history and just as it hit the stall point, the Fed jammed on the afterburner. Bad idea. But what a wonderful example of why pilots and the Fed should never add power when they are on the backside of the power curve.
Markets don’t trade on fundamentals or because of technicals. At every market top there are a hundred reasons to buy. That’s what makes a top. And at every market bottom there are a hundred reasons to sell, that’s how you know it’s a bottom.
Markets trade on emotion and if you can just measure that emotion with accuracy, you can make a lot of money or in the worst case, avoid losing a lot of money. I wrote about the propensity of the stock market to top based on nothing more complex than the Fear and Greed index on January 1st.
On Friday March 6th the Fear and Greed index became the opposite and then some of the late December reading as it hit a reading of 6. That’s really fearful.
(Click on images to enlarge)
Monday March 9th is going to be an interesting day. The DSI for Treasury Bonds had a near all time high reading of 98 on Friday March 6th. It’s only been higher one time, which was back in December of 2008.
The DSI may bounce around at record highs for two weeks as it did in December of 2008 during the GFC but there is another interesting issue that makes me think we will have a turn almost at once. The 9th of March marks a full moon and according to Tom McClellan his research showed that at full moons, markets tended to either accelerate in the direction they were moving or do an immediate U-turn.
Gold has wanted to correct for a couple of months. Gold shares peaked relative to gold at the start of the year at exactly the same time as I was saying to beware the stock market. I started to lighten my percentage of shares to cash during what was a great time to be selling shares. I have kept my core positions but selling when you have a profit beats the hell out of selling at a loss.
Gold needs a correction. Two weeks ago the DSI on gold hit 96 and that says things are getting frothy. I always get a lot of hate mail when I point out that gold and resource stocks sometimes go down but that just tells me I have nailed it.
We have entered the Greatest Depression. The latest chaos in the stock market is just the beginning. It’s going a lot lower. And likewise, bond prices could go higher with gold. But when everyone is on one side of the boat, that’s not a percentage bet.
Meanwhile the Coronavirus spirals out of control. In the US the number of cases went up almost 400% in a week, from 68 on the 29th of February to 378 on the 7th of March. That’s nothing. In France cases exploded higher from 100 cases on the last of February to 653 a week later for a 550% higher reported number of cases in a week. Germany showed a 750% increase in Coronavirus cases in the same week.
The travel industry is being destroyed. The world faces a critical shortage of medicine starting at once. Airlines may as well fold now and get it over with. The Coronavirus will not cause the Greatest Depression. That was on the cards already due to the incredible amount of debt in the world that will never be paid. The Virus is little more than a catalyst but it is a black swan of black swans and makes for a handy excuse.
Meanwhile the latest act out of Washington is Donald Trump playing Archie Bunker in a comedy with tragic overtones with Mike Pence cast as Barney Fife. Pence believes you can pray away an outbreak of a deadly virus while Trump believes women only have two important attributes and you can conduct world affairs on Twitter. I sorta suspect the biggest two boobs in the White House don’t belong to Melania.
Anyone appointing a born again Christian who believes in neither science nor evolution as the leader of the US fight against a deadly virus is an idiot. But it’s a case of the blind leading the blind.
Readers, don’t be tempted to consider writing a novel or a screenplay to be made into a movie using our own Archie Bunker and Barney Fife as characters. If your plot was identical to the facts it would be rejected as being too far fetched to be believed.
The stock market hasn’t finished its crash. The Everything Bubble just blew sky high and the ensuing deflation is going to take everything down.
###
Bob Moriarty
President: 321gold
223shootersc
Veteran Member
I resemble that remark, CaryC
CaryC
Has No Life - Lives on TB
I'm not a finance guy, other than having a PhD in spending. However, as I understand it....
1) it's based on the S&P currently at -6.25%
2) then I would suspect if it hits -7% AGAIN it will stop AGAIN.
3) the percentage is based off the drop from previous day's close. And not on any interday trading.
I could be wrong, so will stand corrected if someone says so.
1) it's based on the S&P currently at -6.25%
2) then I would suspect if it hits -7% AGAIN it will stop AGAIN.
3) the percentage is based off the drop from previous day's close. And not on any interday trading.
I could be wrong, so will stand corrected if someone says so.
CTFIREBATTCHIEF
Veteran Member
I think you are right on that, I heard the same thing earlier this morning on CNBC when somebody on the floor said that once it hits 7 percent and stops, the next stop is not the next time it hits 7, but when it goes past that to 13 percent, so could be a WILD ending today.
The Hammer
Has No Life - Lives on TB
A 13% drop in one day is a big deal...let's see if it happens. Quite a ways to go.
I need to look up what is officially considered a market crash if it's in one day (not slow motion like 2008).
I need to look up what is officially considered a market crash if it's in one day (not slow motion like 2008).
Profit of Doom
Dismember
Carrion, my wayward son...
The Hammer
Has No Life - Lives on TB
From what I'm reading, there's no hard definition of a crash. Correction is 10% off a recent high, bear market is 20%. It can happen over days or weeks, but they seem to label any sudden precipitous drop of double digit percentage points to be a crash, whether it be over a day or two or over weeks. The famous ones are over a day or two, obviously.
SouthernBreeze
Has No Life - Lives on TB
DOW -2078 at the moment!
NoMoreLibs
Kill Commie's, Every Single One Of Them!
Man, went out for supplies and lunch and we're down another 600. It wasn't me!!!
NoMoreLibs
Kill Commie's, Every Single One Of Them!
-2093
The Hammer
Has No Life - Lives on TB
doctor_fungcool
TB Fanatic
This is a crash.
Profit of Doom
Dismember
What color is the swan today?
I'm not market savvy, but I do tend to agree.
Or, it's neither a crash or an epidemic...(by the party line)
NoMoreLibs
Kill Commie's, Every Single One Of Them!
Pick one:
"Hi, my name is Pete. I bring doom but in very pretty colors."
"I like chasing small children and shitting all over the grass in parks so you can't walk in it"
The Hammer
Has No Life - Lives on TB
Oooh, a rainbow swan! Let's name him Pete!
NoMoreLibs
Kill Commie's, Every Single One Of Them!
Unless this is just the beginning, then we have the current event(s) and the future evil doom events. Enjoy the fall!
NoMoreLibs
Kill Commie's, Every Single One Of Them!
Done.
The Hammer
Has No Life - Lives on TB
Oh, the past two weeks culminating with today, have definitely been a crash.
Just wondering how low can we go in one day.
For reference, on a percentage basis:
Oct. 19, 1987 - 22% down in one day
Oct. 28, 1929 - almost 13% down in one day
Oct. 29, 1929 - another 10% down in one day
Just wondering how low can we go in one day.
For reference, on a percentage basis:
Oct. 19, 1987 - 22% down in one day
Oct. 28, 1929 - almost 13% down in one day
Oct. 29, 1929 - another 10% down in one day
SouthernBreeze
Has No Life - Lives on TB
A talking head over at Fox Business is saying that this may only be the opening salvo on how bad the virus will continue to affect the markets. He's not optimistic at all.
- Status