Shares to watch

[breezer]

And in my view, closing the markets would represent much less of a market manipulation than Governments continuing to plough in trillions to support them and watching others manipulate this to their own evil ends

The moment you allow markets to close because they’re falling nobody will invest in them again for a decade or more. There would be no confidence that you’d be able to sell if you needed to. You also know how governments work - first time they try it due to global pandemic. Then the next time they do it for a slightly less important reason, and the slippery slope is established.

If you can’t handle your shares falling 50% you shouldn’t invest in shares.

Imagine not being able to sell shares to pay for bills or for food if you needed to? Shares are not supposed to always go up, but they are supposed to be liquid. It would be lunacy

 

[Froddy]

S&P monthly chart - it's decision time!

https://www.tradingview.com/x/kVxYk6Tp/

 

[Wattie]

Wow, so you really are going to celebrate the global social devastation that this will create because it proves you were right all along?

And no, I think the vast majority of people are not even close to being as economically astute as you, and have often been very badly advised and/or wrongly encouraged to do things that they should have thought better of. But the point here is that it’s not just the “overstretched” that will be punished by the correction you are celebrating. Nearly everybody will, even those that have been incredibly prudent will lose their jobs, be unable to pay their mortgages etc.

There is absolutely no good in this for the vast majority of the world population because the knock on effects of such a stock market correction will negatively affect just about everything for everybody, everywhere. So I can find no reason to celebrate this and I will not be adopting an “I’m alright Jack” attitude.

I’m not celebrating anything, one look at my resting heart rate over the last 30 days on the other thread will show you that.

You want a rigged casino that prevents losses.

Markets are supposed to represent true price discovery as a reflection of economies and the world’s events that interact with them.

Boom / busts are natural cycles......if markets hadnt been rigged

This is the reset that is needed and it will affect us all.

 

[Wattie]

Wow, so you really are going to celebrate the global social devastation that this will create because it proves you were right all along?

And no, I think the vast majority of people are not even close to being as economically astute as you, and have often been very badly advised and/or wrongly encouraged to do things that they should have thought better of. But the point here is that it’s not just the “overstretched” that will be punished by the correction you are celebrating. Nearly everybody will, even those that have been incredibly prudent will lose their jobs, be unable to pay their mortgages etc.

There is absolutely no good in this for the vast majority of the world population because the knock on effects of such a stock market correction will negatively affect just about everything for everybody, everywhere. So I can find no reason to celebrate this and I will not be adopting an “I’m alright Jack” attitude.

One other thing, please explain to me how I’m celebrating the huge drop in value of the properties that I bought and paid for through hard work. I lived within my means and did the right thing as a saver!

For a decade I got fecked over as a saver, no interest, avoided a bail in in Cyprus, watched gold get manipulated downwards time after time ( https://www.bloomberg.com/news/arti...etals-desk-was-a-criminal-enterprise-u-s-says
) and now I’m getting a double header because all those you wanna make excuses for, Governments, businesses, individuals, didn’t know they were spending more than they earned????
You don’t need to be financially astute to know that ffs.

I think you need a reset if you think I’m not affected by this madness. Whose gonna come along and bail me out for my property losses, whose gonna stop the property market so prices don't go down.......we just gonna do it for stocks are we?

Anything else you wanna have a go at?
Pm me , I'll try to assist you like I've done for others.

 

[Froddy]

Chaps,

We have a fibonacci timing decision cluster in the S&P over the next few days - timing for a low, or for a continuation?

https://www.tradingview.com/x/GVMquBI1/

We are just 40 points off the 2018 low (2346):

https://www.tradingview.com/x/tKcECDCY/

And the 1.618 fibonacci extension of the all time high to June 19 swing low sits just a little lower, at c. 2318:

https://www.tradingview.com/x/OCXmy2V6/

And the 89 EMA on the weekly chart also sits nearby at 2338:

https://www.tradingview.com/x/ts6N5CA6/

Could there be a significant timing/support decision point on the radar? Who knows!

All of these levels have been defended today - what next?

https://www.tradingview.com/x/vCcosUVt/

 

[Wattie]

Some very large, well-known, hitherto (for decades) succesful hedge funds are liquidating. This is causing some extreme illogocal behaviour such as mass dumping of USTs and then a 7 point rally (because the Fed has guaranteed to buy).

Did you see those UST gains today.....backed by the Fed, they’ll all be liquidating as they’’ve got a buyer of last resort.

 

[Wattie]

All of these levels have been defended today - what next?

https://www.tradingview.com/x/vCcosUVt/

Ongoing chaos.
More kitchen sinks thrown in as well as more debt.

Bank of England now talking helicopter money!

 

[Wattie]

Wow, so you really are going to celebrate the global social devastation that this will create because it proves you were right all along?

And no, I think the vast majority of people are not even close to being as economically astute as you, and have often been very badly advised and/or wrongly encouraged to do things that they should have thought better of. But the point here is that it’s not just the “overstretched” that will be punished by the correction you are celebrating. Nearly everybody will, even those that have been incredibly prudent will lose their jobs, be unable to pay their mortgages etc.

There is absolutely no good in this for the vast majority of the world population because the knock on effects of such a stock market correction will negatively affect just about everything for everybody, everywhere. So I can find no reason to celebrate this and I will not be adopting an “I’m alright Jack” attitude.

What do you think of this?

Zerohedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

Or this

Zerohedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

Or this

Zerohedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

 

[Froddy]

Stressful times, chaps ...

Of course we mustn't forget that we're all here as we share a passion for the Trident, and that is our common bond.

The market is full of opinions and, without different opinions, there would be no market at all.

If anything good can come out of this crisis, I really hope it's a realisation as to what humanity should be (and what has been lost)

 

[Wattie]

Not good reading

404 | ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

$250 trillion in global debt.Total bank capital worldwide is less than $10 trillion.

So if the coming defaults trigger a mere 4% loss in total debt, it will exceed the entirety of global bank capital.

 

[Wattie]

COLLAPSE CONTINUES: For The First Time In History US Treasury Rates Are Negative! - King World News

On the heels of the Dow tumbling 2,000 points and the price of crude oil plunging $5 to $21 a barrel, it has finally happened -- we now have negative Treasury rates in the United States!

kingworldnews.com

 

[Rwc13]

You sound more than a little bitter....

 

[Wattie]

You sound more than a little bitter....

Breaking: ECB announces €750 billion pandemic emergency purchase programme

After an emergency meeting, the ECB has decided don and has announced a €750 billion pandemic emergency purchase programme (PEPP). There has been no r

www.fxstreet.com

Here's more debt on debt and in effect another Greek bailout.
They're making the problem bigger, bad debt after bad!!!
No morale hazards anywhere. "making all commercial papers of sufficient credit quality eligible for purchase under CSPP"- translation bankrupt sh1t.

Oh, and I’ve said before, they will move the goalposts to allow them to do whatever the feck they want-“To the extent that some self-imposed limits might hamper action that the ECB is required to take in order to fulfil its mandate, the Governing Council will consider revising them to the extent necessary to make its action proportionate to the risks that we face. The ECB will not tolerate any risks to the smooth transmission of its monetary policy in all jurisdictions of the euro area.”

I'm not bitter, I'm correct and having to defend/explain myself to those like you pisses me off.
You're suggesting i'm celebrating- I've family and a mother in the Uk who turned down my offer to fly her over 3 weeks ago. I may never see her again, other family too. You think I'm celebrating?

I'm pleased I've assisted others through this and for their messages of thanks and support.

"Hey,
just wanted to drop you a note to say thanks....
I stopped by the forum as i am in the process of purchasing a Grantourismo and importing it into xx from the xx. As i was looking through the forums i came across the thread in which you and a bunch of others are talking about shares.. As part of that i picked up on the notion to get my Pension out of equities into cash - I did this the day you mentioned it and as a result have not had my pension investment tank like some of those around me! - Not sure why i took note of some Bloke from the internet.... but i did, and i would like to thank you for your generosity for sharing your thoughts.. so thanks.
Looks like you are in Aussie, if you are this way xx ) anytime i am keen to share a Te Mata Coleraine with you as a starter for ten...
Cheers"

For years, people looked at my thoughts like I was the looney in the asylum. Turns out I was one of the sane few.

 

[Wattie]

Why are we relying on the Central bank idiots that created this debt problem to solve it?

Zerohedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

Zerohedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

South Korean exotic notes face margin-call risk

[SEOUL] South Korean investors and bankers, who have bet on low volatility in global stocks over the recent years, now face increasing risks of losses from complex equity-linked notes. Read more at The Business Times.

www.businesstimes.com.sg

They've lost any pretence of control.

Money printing aint gonna solve this.

 

[Rwc13]

Breaking: ECB announces €750 billion pandemic emergency purchase programme

After an emergency meeting, the ECB has decided don and has announced a €750 billion pandemic emergency purchase programme (PEPP). There has been no r

www.fxstreet.com

Here's more debt on debt and in effect another Greek bailout.
They're making the problem bigger, bad debt after bad!!!
No morale hazards anywhere. "making all commercial papers of sufficient credit quality eligible for purchase under CSPP"- translation bankrupt sh1t.

Oh, and I’ve said before, they will move the goalposts to allow them to do whatever the feck they want-“To the extent that some self-imposed limits might hamper action that the ECB is required to take in order to fulfil its mandate, the Governing Council will consider revising them to the extent necessary to make its action proportionate to the risks that we face. The ECB will not tolerate any risks to the smooth transmission of its monetary policy in all jurisdictions of the euro area.”

I'm not bitter, I'm correct and having to defend/explain myself to those like you pisses me off.
You're suggesting i'm celebrating- I've family and a mother in the Uk who turned down my offer to fly her over 3 weeks ago. I may never see her again, other family too. You think I'm celebrating?

I'm pleased I've assisted others through this and for their messages of thanks and support.

"Hey,
just wanted to drop you a note to say thanks....
I stopped by the forum as i am in the process of purchasing a Grantourismo and importing it into xx from the xx. As i was looking through the forums i came across the thread in which you and a bunch of others are talking about shares.. As part of that i picked up on the notion to get my Pension out of equities into cash - I did this the day you mentioned it and as a result have not had my pension investment tank like some of those around me! - Not sure why i took note of some Bloke from the internet.... but i did, and i would like to thank you for your generosity for sharing your thoughts.. so thanks.
Looks like you are in Aussie, if you are this way xx ) anytime i am keen to share a Te Mata Coleraine with you as a starter for ten...
Cheers"

For years, people looked at my thoughts like I was the looney in the asylum. Turns out I was one of the sane few.

I beg to differ, you are clearly very bitter, but I don’t blame you. And you don’t have to defend/explain yourself to me. You choose to. But you seem to fail to grasp that people are entitled to both have and express on here opinions different to yours. I too have an 85 year old mother and 13 year old daughter back in the UK that I may never see alive again. But I’m blaming the virus for that not central bankers and Governments

 

[Wattie]

I beg to differ, you are clearly very bitter, but I don’t blame you. And you don’t have to defend/explain yourself to me. You choose to. But you seem to fail to grasp that people are entitled to both have and express on here opinions different to yours. I too have an 85 year old mother and 13 year old daughter back in the UK that I may never see alive again. But I’m blaming the virus for that not central bankers and Governments

On the contrary I’ve no problem with different opinions.
Best wishes to u and yours for what’s about to go down.

 

[rockits]

Bought some Elementis stock today. Might be worth a look. As always do your own research.

Trying to find some solid companies that are fundamentally sound, less affected by CV and have potential for good medium to long term return.

 

[lozcb]

Looking like BP making a bid for Tullow oil , gold down again ( what's that all about ) and the pound weaker against the $ so my ankles got another kick this morning as I bailed 2/3rds of it the other day , what's the heads up guys

 

[Froddy]

I'm no expert on the complexities of what's going on under the surface, but my understanding is that gold has taken a hit as funds liquidate their assets to meet margin calls.

Gold continues to defend the $1450 price level and, arguably, it has formed a short-term bullish "double bottom" on the 4 hour chart. It's also in a volatility squeeze within that timeframe.

https://www.tradingview.com/x/jzKb1o87/

Today, in the US markets, the weekly, monthly and quarterly options expire. This is a big deal, and represents an opportunity for Big Money to cash in on the shorts in its search for liquidity. Hence we may see a rally today amidst increased volatility.

Looking at the S&P options chain for today's expiry, there are more contracts sitting at 2,500 than anywhere else. Is this where we will close today? Who knows!



Don't kick yourself over the GBP/USD - you did really well. Put aside your FOMO (fear of missing out), and embrace your JOMO (joy of missing out)!

 

[Froddy]

The markets really, really, really are absolutely broken. Even after all this stimulus, there is simply no bid ...