ECON FUNG RED ALERT: DOW AND NAS PLUNGE - Friday 2/28 - DOW Hits -1,000 In Early Morning Trading

Red Baron

Red Baron

Paleo-Conservative
_______________
Volume decreasing a bit but still plenty of volatility.

I'm thinking we may see another run towards DOW -1,000 before the close.

Let's see if the brakes get magically applied again today.

DOW.PNG
 
The Hammer

The Hammer

Has No Life - Lives on TB
Had pulled to -560 or so, now down close to 700 again.

200 point swings at a time seem to be the norm.
 
Hfcomms

Hfcomms

EN66iq
Final hour might be the most pivotal time in market history since 2008. Doesn’t look like it but they need to have a massive rally in the next 60 minutes or at most a modest decline or risk losing the whole system going into next week. Yes, it’s that serious.
 
2

2DEES

Inactive
NoMoreLibs said:
Odd thing is gold and oil are getting hammered too. Used to be in the day, stocks down, gold up. Not in bizzaro world.
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Yes but in this case because the YEN is up considerably against the DOLLAR, gold is down to make the dollar look good. Oil is down because of much surplus.
 
D

Dozdoats

On TB every waking moment
200 point swings at a time seem to be the norm.

I used to ask my pre-teen basketball players back when I coached roundball in the local community recreation league -

HOW MANY POINTS DO YOU GET FOR DRIBBLING?

They HATED that. :D

Same deal for Wall(eyed) Street … don't watch the charts till the close.
 
zookeeper9

zookeeper9

Veteran Member
And the pump monkeys saved the day
Dow Jones Industrial Average (^DJI)

25,418.85 -347.79 (-1.35%)
At close: 4:00PM EST
 
D

Dozdoats

On TB every waking moment
One more time - it isn't as if it is REAL money. They just typed it up on the computer when they needed it.

I wish I could do that ...
 
Hfcomms

Hfcomms

EN66iq
zookeeper9 said:
And the pump monkeys saved the day
Dow Jones Industrial Average (^DJI)

25,418.85 -347.79 (-1.35%)
At close: 4:00PM EST
Click to expand...

Meh!

Cautiously watching over the weekend, I can’t use the word optimistic here. If we were down 1000 points again it was into the abyss. We need less bad news over the weekend and coordinated intervention by central banks Sunday night to put off the catastrophe for a bit longer. It’s still coming with no way out but if they play this right we might get another couple months before the implosion but it’s still coming and can’t be avoided. I’d still like to put it off a bit longer personally .
 
Sammy55

Sammy55

Veteran Member
I agree with you, HFC. It's coming. Can't be avoided. But still, I would like to put it off a bit longer.
 
hiwall

hiwall

Has No Life - Lives on TB
If the Fed makes an announcement before their regular meeting on Wednesday, it would make them look desperate.
 
Hfcomms

Hfcomms

EN66iq
Yeah, the narrative is all is well. If they come out and do something crazy it might backfire. But they have to staunch the flow. This crazy stuff is triggering a lot of derivatives the wrong way.
 
NoMoreLibs

NoMoreLibs

Kill Commie's, Every Single One Of Them!
Hfcomms said:
Dow futures opening at -500 points again. The expected central bank coordinated action before the Sunday night futures open appear not too have happened.
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Damn, enough's enough. I don't have a dog in the show but I don't like the fall otherwise, little bad things can lead to bigger bad things. We don't need those, at least before November (even though I think that's part of some plan).
 
Red Baron

Red Baron

Paleo-Conservative
_______________
The MSM, YouTube, and Twitter are whipping the corona virus news into a frenzy.

Every day is going to feature the relentless drip, drip, drip, of new cases, new deaths, and new locations.

The administration is going to have a difficult task putting any kind of positive spin on this.

Then, the MSM will clobber President Trump regardless.
 
Vegas321

Vegas321

Live free and survive
Two more cases of Healthcare workers in CA. The Algorithm's will see that, and sell, everytime. 6 cases announced today, and we still don't have any announcement of the pending test of that WA nursing facility.
It's not going to work this time. People are in a twofer panic. The Virus, and Markets. And toss in shortages for good measure...
 
Hfcomms

Hfcomms

EN66iq
Pretty wild. Futures down 800 and then up 500 when I got up and now up 200. So there is central bank intervention after all because checking the threads there has been no good news on the situation to spike the markets. Paper gold up over $40 and silver up over .50 as well. Going to be a roller coaster day again.
 
doctor_fungcool

doctor_fungcool

TB Fanatic
Hfcomms said:
Pretty wild. Futures down 800 and then up 500 when I got up and now up 200. So there is central bank intervention after all because checking the threads there has been no good news on the situation to spike the markets. Paper gold up over $40 and silver up over .50 as well. Going to be a roller coaster day again.
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Intervention may become fierce this week. If that fails (IMHO) the markets will need to take a VACATION.
The rules for surviving in this world are changing quickly. To persevere we must ADAPT.

FUNG ADVICE: IF YOU SNOOZE YOU LOSE.
 
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Red Baron

Red Baron

Paleo-Conservative
_______________
Hfcomms said:
Pretty wild. Futures down 800 and then up 500 when I got up and now up 200. So there is central bank intervention after all because checking the threads there has been no good news on the situation to spike the markets. Paper gold up over $40 and silver up over .50 as well. Going to be a roller coaster day again.
Click to expand...

Ach du liebe Shiza!

I would guess that kind of market swing is the definition of volatility.

The day traders must be loving this kind of "action".
 
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