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06-13-2022, 02:23 AM
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#4186
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,540
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Looks like everyone is going to wake up to a BIG gap down later this morning...haven't seen a QUALITY gap in a while...DOW futures are down 500pts or thereabouts at the moment
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06-13-2022, 02:44 AM
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#4187
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,739
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26,000 gone now for the Bitcoin...and continues to drop real fast.
the only ones that buy US Treasury's is the Fed. and i think that they will be buying again at some point. so now it looks like the S+P is finally going to break that 3800 mark and head down to 3500. that 3500 is going to be my complete downside target for the time being. its going to take at least 4 years to knock down the S+P to where it needs to be. what i am saying is to expect an upward rally once the S+P falls to the 3500 level that should bring it back to over 3800, from there we could continue the long and torturous downward trend into the 2010 numbers.
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06-13-2022, 02:56 AM
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#4188
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,739
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Barnes and Noble
BNED keeps on tanking, yet the CEO keeps on buying, doubling and tripling up on his already underwater positions. does he know something more than us?
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06-13-2022, 05:03 AM
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#4189
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,540
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Tried sleeping...can't...S&P futures down 100...right around 3800...oh boy
Asia and Europe tanking...
Last edited by PaceAdvantage; 06-13-2022 at 05:04 AM.
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06-13-2022, 05:51 AM
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#4190
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,739
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it looks like the circuit breakers are coming into play today or this week, probably today.. be careful if you are trading based on them happening, you can get burned while the markets are halted.
the S+P looks like its headed to about 3500 on this leg down. the ultimate bottom will not occur for at least 4 more years of this.no doubt in my mind, we are going for the 2010 lows, then the 2007 lows and most likely the 2000 lows and maybe even lower from there. but you can only take things 1 step at a time, just know your parameters ahead of time and be able to switch course in 3 seconds flat if you have to.
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06-13-2022, 06:04 AM
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#4191
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,739
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25,000 now gone on the Bitcoin.. Warren Buffet calls cryptocurrencies rat poison on steroids. i agree.. i love that line as well, very original..
the good news is that the Yankees just smoke everyone this year..Yankees are 12 games ahead of the Red Sox.
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06-13-2022, 06:13 AM
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#4192
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,540
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$200B wiped out of the crypto market over the weekend.... 
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06-13-2022, 06:40 AM
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#4193
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,739
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Quote:
Originally Posted by PaceAdvantage
$200B wiped out of the crypto market over the weekend.... |
much more to follow
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06-13-2022, 08:25 AM
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#4194
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,739
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Bitcoin 24,000 and regained it, gold down 20.00
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06-13-2022, 08:36 AM
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#4195
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Veteran
Join Date: May 2021
Location: NYC
Posts: 1,554
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Quote:
Originally Posted by lamboguy
25,000 now gone on the Bitcoin.. Warren Buffet calls cryptocurrencies rat poison on steroids. i agree.. i love that line as well, very original..
the good news is that the Yankees just smoke everyone this year..Yankees are 12 games ahead of the Red Sox.
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The Yankees had an easy schedule , so far....
These next 13 games will determine their faith....
9-4 or better will make it smooth sailing till end of year...
I'm worried about the Mets....
There's a freight train coming up on them....Braves
De ja vu 2021.....?????
Last edited by geroge.burns99; 06-13-2022 at 08:39 AM.
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06-13-2022, 09:59 AM
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#4196
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 23,739
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Quote:
Originally Posted by geroge.burns99
The Yankees had an easy schedule , so far....
These next 13 games will determine their faith....
9-4 or better will make it smooth sailing till end of year...
I'm worried about the Mets....
There's a freight train coming up on them....Braves
De ja vu 2021.....?????
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I don't care about the Mets, i am a Yankee guy, and a big Celtic fan.. we are in big trouble tonight in a must win game.
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06-13-2022, 10:28 AM
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#4197
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Registered User
Join Date: Nov 2012
Location: Bakersfield, CA
Posts: 1,791
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Reality looks to have finally entered the building.
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06-13-2022, 10:29 AM
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#4198
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,540
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VIX is finally over 30...who knew...
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06-13-2022, 10:57 AM
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#4199
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Registered User
Join Date: Nov 2012
Location: Bakersfield, CA
Posts: 1,791
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Scary thing is we still need downward earnings revisions, housing market and unemployment to start chiming in.
We could be just at the tip of the iceberg here
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06-13-2022, 11:05 AM
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#4200
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 88,540
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only 80 more points and I think we trigger a circuit breaker...
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