This is the sort of tape where bottoms are made. Every time the market gets like this, all sorts of odd people appear on the site. So you know, inception to date, we’ve banned over 3,000 readers from viewing the site and countless others from commenting. Once you’ve been flagged, your comments will never appear and you shall be banished for eternity. While you may have strong objections to the manner in which I approach the market, none of what you say is actually valuable, in any shape or form. Therefore, ergo, you are banned.
Iran cut the price of oil today, leading people to believe there is a serious glut on the world market, catering to Asia. This is the primary concern behind the price drop.
MCHP warned and is spooking people out of MU and other high caliber names. This is wrong.
My fucking train stock, TRN, is acting as if the railroads have been seized by ISIS. This is all wrong.
I am calling for an intra-day rally and subsequent rally, right here, right now.
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Negative comments are a better predictor of future stock performance than the vix
Odd, I used to be some kind of troll lobster in my picture…
As well as the volume of comments. Up days, 20-40 comments, big down days, 75+.
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… this latest Fly admonition will likely quieten things down in here !
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Feels like SPX wants to test the 200 day.
Try selling some volatility.
Many VIX ETFs to choose from…
brb ..blowing up account
hahahaha
What are the chances the next bear market is started by oil? Can this even happen? 2000: tech, 2007: housing, 2014: oil?
I think it is a powerful enough commodity to disrupt the markets, although not drastically. So just like how tech bust brought down tech stocks by 80% and housing bust brought down financials and homebuilder by 80% could the same happen to oil stocks? I am not saying the market as a whole will go down very much, but deep correction seems plausible.
Could oil be getting slashed to put pressure on ISIS revenue streams maybe? (just thinking out loud)
Or putting pressure on Russia. Who knows?
/CL is up $2..i think this is the bottom and 95 soon
I think we’re within 20 pts of the bottom for SPX and then a 150 pt rally from here or about 7.5%
Huggie Bear is well and truly dead. I fucked up big this time.
I learned the hard way a while back to trade smaller size when volatility blows up or to even just sit it out. I don’t do much short term trading now.
The market shall continue to soil our sheets for at least another week. Oil is being driven down by the U.S. to punish our “allies” in the House of Saud for being such over whelming assholes all these years. The fact is that if America is self sufficient or can export oil, the S.A. is suddenly just a really hot sandbox with no fucking purpose – a good message to the Middle East in general IMO.