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03-12-2020, 02:14 PM
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#1531
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 69,083
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Now it dropped 600-800 points from the top of the short covering rally
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03-12-2020, 02:16 PM
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#1532
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Veteran
Join Date: Mar 2009
Posts: 9,893
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Quote:
Originally Posted by PaceAdvantage
Like I just wrote...the blowback against this insanity will be coming soon.
The reason the market jumped is because the Fed announced "new dramatic funding actions" whatever that means.
So the shorts started covering their asses...what else is new.
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I think the market expects more --- announcement is just expanding its repo program (provides very short-term collateralized liquidity).
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03-12-2020, 02:19 PM
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#1533
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Loitering with intent
Join Date: Jan 2006
Posts: 25,512
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I think I'll stick to the horses. Less volatility over there. Plus...I like to know why I am losing. 
__________________
"Gentlemen, we will chase perfection, and we will chase it relentlessly...while knowing all the while that we can never attain it. But along the way, we shall catch excellence."
-- Vince Lombardi
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03-12-2020, 02:46 PM
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#1534
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Registered User
Join Date: Mar 2015
Location: Diez meses en Port St. Lucie, FL; two months in the Dominican Republic
Posts: 4,338
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Quote:
Originally Posted by thaskalos
I think I'll stick to the horses. Less volatility over there. Plus...I like to know why I am losing. |
And it only takes 2 minutes or less to lose your money!
__________________
"Have a drink,have a drive"
Mungo Jerry, In the Summertime (1970)
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03-12-2020, 03:11 PM
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#1535
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Loitering with intent
Join Date: Jan 2006
Posts: 25,512
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Quote:
Originally Posted by barahona44
And it only takes 2 minutes or less to lose your money!
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That's right...instant results. It shouldn't take an "investor" TEN YEARS to realize how ignorant he is.
__________________
"Gentlemen, we will chase perfection, and we will chase it relentlessly...while knowing all the while that we can never attain it. But along the way, we shall catch excellence."
-- Vince Lombardi
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03-12-2020, 03:14 PM
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#1536
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 69,083
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Oh look...the pop caused by the Fed is now about 75% evaporated... 
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03-12-2020, 03:31 PM
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#1537
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Registered User
Join Date: Sep 2006
Posts: 459
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I think my broker is the kid that caddied for Happy Gilmore.
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03-12-2020, 04:04 PM
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#1538
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Veteran
Join Date: Sep 2003
Location: NEW YORK CITY
Posts: 3,670
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All my hard earned money.....
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03-12-2020, 04:18 PM
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#1539
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Jedi Master
Join Date: Jun 2007
Location: Long Island, NY
Posts: 210
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Quote:
Originally Posted by mikesal57
PA....He's picking on me...  |
Just so you know.... Dividend's don't mean anything. My father was the same way... always looking for dividends. "it has a drip program"
you want to know where the money they're distributing is coming from. The realitiy is... not many people even look at financial statements... and if they do... simply look for the bottom line and say "wow" dividends.
What's more important... is where that money is coming from. Why they are able to pay money out.
Think of financial statements as PP's. if you're not reading them... you're no better then the shmuck at otb betting his birthday and wheeling it with the date and time of his last winning bet. That's my opinion though.
At current... if you're not worried about quantative easing 4&5 and the feds balance sheet... you should be worried. these are lines in the sand... they tell you how far things have gone.
Last edited by Michael; 03-12-2020 at 04:19 PM.
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03-12-2020, 04:22 PM
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#1540
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Registered User
Join Date: Jan 2007
Posts: 1,047
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I think the ES needs to take out the low of 2340 before we can get a serious rally.
Yep, that’s at least another 160 points to go.
Last edited by Tape Reader; 03-12-2020 at 04:26 PM.
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03-12-2020, 04:29 PM
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#1541
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 69,083
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Now we're back to pre-Fed pop. Nothing but a good old-fashioned short-squeeze that was...
It's going to be an interesting final 30 minutes.
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03-12-2020, 05:03 PM
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#1542
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Registered User
Join Date: Sep 2007
Location: Boston+Ocala
Posts: 20,837
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there is trouble in paradise for the dow now. 15,000 is game now before the bounce.
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03-12-2020, 05:50 PM
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#1543
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Mount Rushmore
Join Date: Apr 2014
Location: Charlotte, NC
Posts: 8,357
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Futures Market Diving
Futures Markets bleeding
Watch in real-time for yourself
https://www.investing.com/indices/indices-futures/
Last edited by ReplayRandall; 03-12-2020 at 05:52 PM.
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03-12-2020, 06:08 PM
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#1544
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Loitering with intent
Join Date: Jan 2006
Posts: 25,512
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Quote:
Originally Posted by ReplayRandall
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Are you accepting phone calls, Mr. Randall?
__________________
"Gentlemen, we will chase perfection, and we will chase it relentlessly...while knowing all the while that we can never attain it. But along the way, we shall catch excellence."
-- Vince Lombardi
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03-12-2020, 06:47 PM
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#1545
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PA Steward
Join Date: Mar 2001
Location: Del Boca Vista
Posts: 69,083
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Quote:
Originally Posted by ReplayRandall
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Hey RR...let me ask you down here where it's a bit, shall we say, safer.
What's your take on the whole Tom Hanks + wife's COVID-19 deal...I know you must have an angle on this. I'm interested in hearing it, surprisingly enough.
Are the 'Q' folks angling it this way? He's gonna "die" from this virus, thereby whipping people into a "past the point of no return frenzy" on this whole thing...but he's secretly using this to fake his own death to get out from under that whole "shadow..." You know the one I'm talking about...
Last edited by PaceAdvantage; 03-12-2020 at 06:50 PM.
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