Just checked and we're down another 98x? Seriously? Over a bug that's not nearly as bad as the Flu A or B?
Is this the beginning of Trump's takedown ramping up towards November?
Just checked and we're down another 98x? Seriously? Over a bug that's not nearly as bad as the Flu A or B?
Is this the beginning of Trump's takedown ramping up towards November?
I keep waiting for that rally, and it's concerning that it's not happening yet.
Even in 08-09, you'd have people calling a bottom and rushing in, buying the market a nice up day before the next day brought more carnage.
There is likely to be a rally but not today because there is too much risk of something happening over the weekend. Maybe on Monday we'll see a bump.
Odd thing is gold and oil are getting hammered too. Used to be in the day, stocks down, gold up. Not in bizzaro world.
So why are precious metals crashing so hard?
Someone is dumping hard.So why are precious metals crashing so hard?
Someone is dumping hard.
Just for comparison
The crash in '87 was -22%
IF it stays around -1000 the dow will be down -15%
Gold down a $64.00 per OZ.
.UNBELIEVABLE.
Somebody is raising CASH.
Query: Are they just dumping paper? Or the actual metal?Someone is dumping hard.
Query: Are they just dumping paper? Or the actual metal?
Just checked and we're down another 98x? Seriously? Over a bug that's not nearly as bad as the Flu A or B?
Is this the beginning of Trump's takedown ramping up towards November?
Stole this from the vanguard site. With a DJIA of 28000 we need almost a 2000 point drop for the circuit breakers to kick in.
tbd
Vanguard - Market circuit breakers
personal.vanguard.com
Market volatility regulations
Circuit breakers
Circuit-breaker points represent the thresholds at which trading is halted market-wide for single-day declines in the S&P 500 Index. Circuit breakers halt trading on the nation's stock markets during dramatic drops and are set at 7%, 13%, and 20% of the closing price for the previous day. The circuit breakers are calculated daily.
Level 1 halt (7%)
Level 2 halt (13%)
- Trading will halt for 15 minutes if drop occurs before 3:25 p.m.
- At or after 3:25 p.m.—trading shall continue, unless there is a Level 3 halt.
Level 3 halt (20%)
- Trading will halt for 15 minutes if drop occurs before 3:25 p.m.
- At or after 3:25 p.m.—trading shall continue, unless there is a Level 3 halt.
Single stock price bands
- At any time during the trading day—trading shall halt for the remainder of the trading day.
The SEC implemented a new marketplace rule, known as the Limit Up-Limit Down Rule, designed to prevent trades from executing outside of price bands established throughout the day for individual stocks and exchange-traded funds (ETFs).
If this tells you nothing else, it is evidence of the disconnect of the market due to manipulation...There is likely to be a rally but not today because there is too much risk of something happening over the weekend. Maybe on Monday we'll see a bump.
Someone is dumping hard.
I just sold my 4 bedroom condo in Florida at the end of Jan. I lowered the price until I found the bid. If you all could see how much they were building down there! Every plot of land worth a damn was being built on. Got out in the nick of time.Long-term, I can see all kinds of follow-on effects if the virus actually takes out a significant percentage of our elderly. Things like a drop in housing prices (glut on the market and lower demand). Lower demand for some kinds of home medical equipment. What other long-term effects seem likely?
Kathleen
Central Banks have no room anymore. A quarter point rate cut will be laughed at by this monster. Europe is already in negative rate territory. What are they going to do? That said, there is plenty of room to run on this mkt. It's been straight up since 08 and 667 on the S&P. Before this started it was trading in the 3200 area.I‘m concerned if they don’t get a handle on it today Monday might be too late. So much of the trading is computer driven and computers don’t have emotions. Hit the stops and they sell and it feeds on itself. There are calls for the global central banks to act in unison Sunday night but instead of reassuring people it might well backfire considering all the bad news that is likely to continue thru the weekend.
What happened to all the market makers? What happened to the duty of the Specialists on the NYSE to BTFD? They will not step in. The computers are all but shut off when these moves come. I was in the biz for 30+ years and have seen it with my own eyes. Felt it with my own fear. TPTB eliminated the market makers with a "more efficient" electronic system that is now turned off because they are afraid. Alligator arms so to speak. The Specialists on the NYSE are doing the same thing. Chivalry is dead. They used to step in and buy a stock that was dropping. Catch the falling knife so to speak. That was their JOB! They were risk takers! No more. They stand back and watch like everyone else. The NYSE is basically a TV studio for CNBS now. For real.I‘m concerned if they don’t get a handle on it today Monday might be too late. So much of the trading is computer driven and computers don’t have emotions. Hit the stops and they sell and it feeds on itself. There are calls for the global central banks to act in unison Sunday night but instead of reassuring people it might well backfire considering all the bad news that is likely to continue thru the weekend.
Where did you get the idea that the corona virus is not nearly as bad as the flu? Flu has an average CFR of .1. COVID 19 has an average CFR of at least 2, possibly higher. That’s quite a bit more than the flu. Add in the fact that this virus seems to be far more infectious than the flu, and there is definitely cause for concern.
Kathleen
My guess... and it's a guess, is paper