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MaseratiGent

Member
Messages
162
The DAX, Dow & S&P just opened in futures -4%. I have never seen such aggressive violence in any part of the Crisis. If I was to quantify it this last 2 weeks is 3-4x worse than the worst part of the Crisis.
 

Froddy

Member
Messages
1,072
The DAX, Dow & S&P just opened in futures -4%. I have never seen such aggressive violence in any part of the Crisis. If I was to quantify it this last 2 weeks is 3-4x worse than the worst part of the Crisis.
Margin call Monday? Now gutted that I've gone 50% cash!
 

Wattie

Member
Messages
8,640
The DAX, Dow & S&P just opened in futures -4%. I have never seen such aggressive violence in any part of the Crisis. If I was to quantify it this last 2 weeks is 3-4x worse than the worst part of the Crisis.
Ridiculous eh, this is what no true price discovery and a decade of manipulated markets gets you.

Getting worse if that’s possible.

Today will be epically bad. The Ponzi is in danger of collapse. No amount of QE or rate cut is gonna reduce the impact of the virus. I sincerely hope these bankers are jailed for what they’ve created. Millions of duped investors are gonna watch their investments go up in smoke.

 
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Froddy

Member
Messages
1,072
So @Froddy, when is the time to get back in?
I honestly don't know - it really isn't safe to enter any new trades in these conditions - it would be pure gambling. The US futures markets remain shut down, and the Fed has just said it's going to add yet more liquidity. It could be a wild ride today!

I'm going to play it by ear: in these conditions you have to be nimble, and be prepared to reverse on a twopence piece ...
 

Froddy

Member
Messages
1,072
Oh wow - US stock market has been halted for 15 mins after just 5 mins or so of trading!
 

Wattie

Member
Messages
8,640
They've got their work cut out for them - TICK chart has barely touched zero!
Totally impotent, now out of credibility as well.

This seems reasonable “at this point what it is really buying is just time: time for those who still own financial assets to sell as much as they can before the Fed loses all control, having already lost credibility, culminating in the biggest crash in history.. and a market that is indefinitely halted”
 

CatmanV2

Member
Messages
48,862
Well my bet's not looking good now. DAX and FTSE have both dropped below the 20% from where we started.
Dow barely missed it on this morning's drop.
Hanging on the HSI now.

Hat's off to Wattie

C
 

Wattie

Member
Messages
8,640
Well my bet's not looking good now. DAX and FTSE have both dropped below the 20% from where we started.
Dow barely missed it on this morning's drop.
Hanging on the HSI now.

Hat's off to Wattie

C
As I said before C, I hoped I would be wrong.
 

Froddy

Member
Messages
1,072
Just added to my Walmart (WMT) long ...

And Netflix is giving me a bit of a headache. Have now entered a "strangle" trade - one up, one down, different strike prices but similar delta values in each direction. For this to work, there has to be a big move in either direction. Relieves a bit of the stress when "anything could happen"!
 
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