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Post by missouriboy on Feb 28, 2020 1:24:24 GMT
Any of the Third Estate that cite AOC as a voice for science and reason deserve no respect or audience. Certainly the Daily Mail has proved to be beyond politics LOL.
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Post by nautonnier on Feb 28, 2020 5:01:42 GMT
How many doctors will the daily mail find on the board of a National Health Service 'trust' same number or less. However, although not medical doctors you will find that the CDC group are qualified in other areas that make them suitable for running CDC. Or to put it another way - how many meteorological forecasters are there in the various climate science alarmist groups that are forecasting climate Armageddon.
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Post by walnut on Feb 28, 2020 14:06:19 GMT
I knew that it was unwise for him to keep saying that. But the democrats are a clown show. I am no fan of the President and will not be voting for him. Can't say at this point who I will be voting for, perhaps no-one.
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Post by walnut on Feb 28, 2020 15:29:27 GMT
The stock market is so unbelievably screwed. Just looking at the charts and indicators, something like 2008/2009 is on the table. With luck it's no worse than Oct. of 2018. But it has started off worse.
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Post by nautonnier on Feb 28, 2020 16:13:19 GMT
The stock market is so unbelievably screwed. Just looking at the charts and indicators, something like 2008/2009 is on the table Except that the reasons are totally different 2008 was caused by banks that had loaned money to borrowers that couldn't pay back then spreading the risk by selling bundled bad loans as commodities to other banks - nobody knew what their actual exposure to risk was and the entire pretend money edifice collapsed as it should have. What we have now are people that do not 'invest' in the markets they bet on the markets and money being in one place for more than a day is a 'long term investment' as soon as any downside movement occurs people start betting on more to make more money - or their machine chooses another stock etc etc. The thing that has them spooked is that the globalist just-in-time supply chains have suddenly been shown to be susceptible - well there's a surprise! Those that choose wisely now will make huge amounts of money buying stocks that really should have been high but were sold off by panicking automatic trading software that is as reliable as the Democrat's Iowa caucus software. Tim Cook was on a discussion earlier saying their factories are restarting in China and he did not sound like Apple were going to crash - long term there may be more diverse supply chains and that will be a good thing - although not so much for China. I suspect after the media have bored people to tears with the virus stories and there are less clicks - things will rapidly return to normal.
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Post by missouriboy on Feb 28, 2020 16:26:47 GMT
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Post by walnut on Feb 28, 2020 16:28:29 GMT
The Fed was recently running a new type of QE which was directed at liquidity for the overnight repo market, which many think contributed to the parabolic run-up since the first of this year. The stock market was extremely overbought. And, the markets simply skipped the moderate bear market which historically might have been expected well before Trump was elected. These things we do know, but this sell-off is still mystifying, and I don't claim to know exactly what is happening. Worth mentioning is that Thursday morning of last week, Goldman Sachs said that a correction is about to happen. Well, the selling began a few hours after they made that statement. Is Goldman Sachs just that good? Or is Goldman Sachs so powerful that they can cause something like this if conditions are ripe? And, did GS want this to happen? If they did, then why? I assume that they made huge trading profits this week as one consequence. The stock market is so unbelievably screwed. Just looking at the charts and indicators, something like 2008/2009 is on the table Except that the reasons are totally different 2008 was caused by banks that had loaned money to borrowers that couldn't pay back then spreading the risk by selling bundled bad loans as commodities to other banks - nobody knew what their actual exposure to risk was and the entire pretend money edifice collapsed as it should have. What we have now are people that do not 'invest' in the markets they bet on the markets and money being in one place for more than a day is a 'long term investment' as soon as any downside movement occurs people start betting on more to make more money - or their machine chooses another stock etc etc. The thing that has them spooked is that the globalist just-in-time supply chains have suddenly been shown to be susceptible - well there's a surprise! Those that choose wisely now will make huge amounts of money buying stocks that really should have been high but were sold off by panicking automatic trading software that is as reliable as the Democrat's Iowa caucus software. Tim Cook was on a discussion earlier saying their factories are restarting in China and he did not sound like Apple were going to crash - long term there may be more diverse supply chains and that will be a good thing - although not so much for China. I suspect after the media have bored people to tears with the virus stories and there are less clicks - things will rapidly return to normal.
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Post by youngjasper on Feb 28, 2020 16:38:54 GMT
The key support level is about 24k on the Dow. The market was getting overheated relative to the long-term and short-term trends. It needed a major cooling off. The Corona virus was a good catalyst and the media exacerbated it. Prices were ahead of fundamentals. But strong fundamentals are still there. The fundamentals simply could not continue to support the accelerated advances. The market is still within the price range of 2019.
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Post by walnut on Feb 28, 2020 16:47:54 GMT
Yesterday Fidelity was issuing margin calls like there was no tomorrow. What you say is true but this selloff is starting at a faster rate than the Oct 2018 one. It's all relative. It seems bad at the moment. Indexes bouncing some now but probably just another head fake.
edit- Yep, headfake, dow dropped 200 pts again in 3 minutes
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Post by nautonnier on Feb 28, 2020 18:58:14 GMT
The Fed was recently running a new type of QE which was directed at liquidity for the overnight repo market, which many think contributed to the parabolic run-up since the first of this year. The stock market was extremely overbought. And, the markets simply skipped the moderate bear market which historically might have been expected well before Trump was elected. These things we do know, but this sell-off is still mystifying, and I don't claim to know exactly what is happening. Worth mentioning is that Thursday morning of last week, Goldman Sachs said that a correction is about to happen. Well, the selling began a few hours after they made that statement. Is Goldman Sachs just that good? Or is Goldman Sachs so powerful that they can cause something like this if conditions are ripe? And, did GS want this to happen? If they did, then why? I assume that they made huge trading profits this week as one consequence. Except that the reasons are totally different 2008 was caused by banks that had loaned money to borrowers that couldn't pay back then spreading the risk by selling bundled bad loans as commodities to other banks - nobody knew what their actual exposure to risk was and the entire pretend money edifice collapsed as it should have. What we have now are people that do not 'invest' in the markets they bet on the markets and money being in one place for more than a day is a 'long term investment' as soon as any downside movement occurs people start betting on more to make more money - or their machine chooses another stock etc etc. The thing that has them spooked is that the globalist just-in-time supply chains have suddenly been shown to be susceptible - well there's a surprise! Those that choose wisely now will make huge amounts of money buying stocks that really should have been high but were sold off by panicking automatic trading software that is as reliable as the Democrat's Iowa caucus software. Tim Cook was on a discussion earlier saying their factories are restarting in China and he did not sound like Apple were going to crash - long term there may be more diverse supply chains and that will be a good thing - although not so much for China. I suspect after the media have bored people to tears with the virus stories and there are less clicks - things will rapidly return to normal. Perhaps GS had some inside knowledge? "Goldman Plans to Double China Headcount to 600 in Five Years Goldman Sachs Group Inc. plans to double its headcount in China over the next five years, provided the Communist Party-ruled nation continues down the path of opening up its financial markets.
The ambition to raise staffing to 600 is part of a five-year plan drawn up by executives at the New York-based investment bank, said a person familiar with matter who asked not to be identified discussing confidential plans."www.bloomberg.com/news/articles/2020-01-13/goldman-plans-to-double-china-headcount-to-600-in-5-years
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Post by walnut on Feb 29, 2020 5:52:34 GMT
I knew that it was unwise for him to keep saying that. But the democrats are a clown show. Yeah, I agree on that too. I'm kinda miffed at DT for appointing Pence, didn't Pence already have a job? Wasn't that job inportant? So why did Trump give him another job and one that he has no experience in? Seems like something Ben Carson would be good at, better than Pence. He at least knows something about microbiology. That little news conference did nothing to reassure the markets. The futures were dropping at a rate of 10 points per minute the entire time Trump was speaking.
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Post by walnut on Feb 29, 2020 5:55:12 GMT
The Fed was recently running a new type of QE which was directed at liquidity for the overnight repo market, which many think contributed to the parabolic run-up since the first of this year. The stock market was extremely overbought. And, the markets simply skipped the moderate bear market which historically might have been expected well before Trump was elected. These things we do know, but this sell-off is still mystifying, and I don't claim to know exactly what is happening. Worth mentioning is that Thursday morning of last week, Goldman Sachs said that a correction is about to happen. Well, the selling began a few hours after they made that statement. Is Goldman Sachs just that good? Or is Goldman Sachs so powerful that they can cause something like this if conditions are ripe? And, did GS want this to happen? If they did, then why? I assume that they made huge trading profits this week as one consequence. Perhaps GS had some inside knowledge? "Goldman Plans to Double China Headcount to 600 in Five Years Goldman Sachs Group Inc. plans to double its headcount in China over the next five years, provided the Communist Party-ruled nation continues down the path of opening up its financial markets.
The ambition to raise staffing to 600 is part of a five-year plan drawn up by executives at the New York-based investment bank, said a person familiar with matter who asked not to be identified discussing confidential plans."www.bloomberg.com/news/articles/2020-01-13/goldman-plans-to-double-china-headcount-to-600-in-5-yearsThe close today was optimistic. But look at that weekly drop and you know that even if there is a reprieve, the volatility will continue for about 2 months. I think we hit new lows again before it's over. Apple and AMD still have to come down some more too.
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Post by acidohm on Mar 1, 2020 21:11:53 GMT
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Post by missouriboy on Mar 1, 2020 22:47:14 GMT
Perhaps something colorful like the Cadillac Ranch.
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Post by missouriboy on Mar 1, 2020 22:54:44 GMT
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