ECON FUNG RED ALERT: DOW AND NAS PLUNGE - Friday 2/28 - DOW Hits -1,000 In Early Morning Trading
- Thread starter doctor_fungcool
- Start date
NoMoreLibs
Kill Commie's, Every Single One Of Them!
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?
Is this the beginning of Trump's takedown ramping up towards November?
NoMoreLibs
Kill Commie's, Every Single One Of Them!
What do I care....my 2 stocks are up 30%. Yowza.
Every Corporate PR Schlickmeister on the planet is going to find some way to implicate the coronavirus to explain their own lackluster performance.
Freeholder
This too shall pass.
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
The Hammer
Has No Life - Lives on TB
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.
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.
In the past, I have heard some TV experts say that traders like to cut their losses, sell, and then go home early on a Friday.
.
NoMoreLibs
Kill Commie's, Every Single One Of Them!
Odd thing is gold and oil are getting hammered too. Used to be in the day, stocks down, gold up. Not in bizzaro world.
Hfcomms
EN66iq
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.
naegling62
Veteran Member
So why are precious metals crashing so hard?
Hfcomms
EN66iq
Oil no longer seems a flight to safety. It’s demand destruction into a slowing global economy with much of China still offline.
Hfcomms
EN66iq
Because they can’t have gold go up and be seen as a flight to safety when push comes to shove. It’s a paper market and I think it costs the banks a couple hundred bucks to leverage a 100 ounce contract for gold that doesn’t even exist. Chump change to them.
Someone is dumping hard.
NoMoreLibs
Kill Commie's, Every Single One Of Them!
It was the chili....
doctor_fungcool
TB Fanatic
doctor_fungcool
TB Fanatic
Gold down a $64.00 per OZ.
.UNBELIEVABLE.
Somebody is raising CASH.
.UNBELIEVABLE.
Somebody is raising CASH.
doctor_fungcool
TB Fanatic
Kudlow is saying that this sell off won"t have a long term effect.....Larry is whispering SWEET NOTHINGS into bagholder's ears.
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UNBELIEVABLE.
When yuuge anecdotal and circumstantial evidence supports the theory that it is all manipulated, gold and the market, yes it is believable.
I suspect it will stay that way until it completely unravels. I remember the stupid "Why" Enron commercials until shortly before "kenny boy" lay got his tit in a ringer. just one example...
When yuuge anecdotal and circumstantial evidence supports the theory that it is all manipulated, gold and the market, yes it is believable.
I suspect it will stay that way until it completely unravels. I remember the stupid "Why" Enron commercials until shortly before "kenny boy" lay got his tit in a ringer. just one example...
cyberiot
Rimtas žmogus
Query: Are they just dumping paper? Or the actual metal?
My guess... and it's a guess, is paper
You are wrong.
Dafodil
Veteran Member
i was wondering when the stops close it down! Thanks!
The Hammer
Has No Life - Lives on TB
-557 and a definite uptrend. We will see if it can continue or if it collapses like yesterday.
20Gauge
TB Fanatic
If this tells you nothing else, it is evidence of the disconnect of the market due to manipulation...
OK this is nuts.
Right on cue, we pull back from DOW -1,000.
There are no markets. Only manipulations - sez the old quote. That may not be the case for much longer as we witness what might be the re-emergence of real markets as a price discovery mechanism.
And as to metals, only about 1% or less of the metals market goes thud if you drop it. Most of it is paper trades. Get real metal, if you want metal, NOT an ETF (exchange traded fund, like GLD) etc.
Right on cue, we pull back from DOW -1,000.
There are no markets. Only manipulations - sez the old quote. That may not be the case for much longer as we witness what might be the re-emergence of real markets as a price discovery mechanism.
And as to metals, only about 1% or less of the metals market goes thud if you drop it. Most of it is paper trades. Get real metal, if you want metal, NOT an ETF (exchange traded fund, like GLD) etc.
The Hammer
Has No Life - Lives on TB
Back to -805...volatility continues...
read an article Chinese businesses will be out of cash in 3 mo or less, Chinese govt needs cash bad.
probably them dumping a lot of gold.
DazedandConfused
Veteran Member
Silver down 1dollar fixing to pull the trigger on 30 more ounces
The Snack Artist
Membership Revoked
I JUST sold my 4 bedroom condo in Florida at
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.
The Snack Artist
Membership Revoked
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.
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The Snack Artist
Membership Revoked
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.
Because the CFR hasn't been averaged out yet. The CFR for seasonal flu is generally higher in Asia where flu strains start. This is due to a combination of issues including the widespread pollution issues and how it affects respiratory function in industrialized Asia.
While this novel corona virus has infected a lot of people, the number of infections comes no where near seasonal flu levels that number into the multi-millions every single year, and deaths are in the tens of thousands from flu every year as well.
COVID 19 has some potential to be just as deadly as a bad seasonal flu year but thus far I see no evidence that it is equal to the deaths possible from a pandemic flu strain, certainly not a 1918 Spanish Flu Pandemic.
What is going to be a problem is the intentional and politically-motivated actions of those manipulating useful idiots to retake power.
Silver down 1dollar fixing to pull the trigger on 30 more ounces
Absolutely unsolicited advice, perhaps unwelcome to boot, but this is TB2K
Look into the current price of 'junk silver' dimes. IME even an ounce of silver might concentrate too much value in the future, I have no way of knowing exactly what the future will bring but I did run into that issue in the past with gold. Which was when I started letting go of bullion ounces.
Silver dimes are already pre-divided into manageable units and may be more useful thereby. Remember "bits" - that "two bits four bits six bits a dollar" thing, when silver dollars were cut up for small change when there was no other money.
IMO we may be looking at another era like that again, when digits, paper and plastic go away and actual real historical money is all that will be acceptable. Not saying that will be the case, not saying I WANT that to be the case, but if history doesn't repeat it rhymes.
Stand by for consequences....
Absolutely unsolicited advice, perhaps unwelcome to boot, but this is TB2K
Look into the current price of 'junk silver' dimes. IME even an ounce of silver might concentrate too much value in the future, I have no way of knowing exactly what the future will bring but I did run into that issue in the past with gold. Which was when I started letting go of bullion ounces.
Silver dimes are already pre-divided into manageable units and may be more useful thereby. Remember "bits" - that "two bits four bits six bits a dollar" thing, when silver dollars were cut up for small change when there was no other money.
IMO we may be looking at another era like that again, when digits, paper and plastic go away and actual real historical money is all that will be acceptable. Not saying that will be the case, not saying I WANT that to be the case, but if history doesn't repeat it rhymes.
Stand by for consequences....
Since most gold IS paper these days you could say the metal markets are actually paper markets. Gold is only worth what you can trade it for or use it for industrially. That's significantly lower than it trades when combined with paper. You can't even pay people their payroll in gold pieces. Don't believe me then ask the IRS what they think of that.