European markets are getting hammered this morning. The velocity of the losses are picking up, with most major indices down more than 3%.
U.S. futures are being obliterated, with the Dow indicating a -378 at the open.
NYMEX futures are getting smoked, with WTI down 3%+ to $27.51. The hilarious thing about WTI at $27.51 is WTI at $27.51 and everyone saying it’s going much lower–since supply is drowning the world in oil.
How? More importantly, why isn’t OPEC cutting supply again? I get it at $90, $80, $60, even $40, but $27.51?
#fuckery
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Where is this Rally? I hate selling at bottom – but this is breakneck speed DOWN? We could be 30 percent down by time of rally!
Meh. I’ll start thinking about dipping a toe when mainstream media is 100% covering the “financial collapse” rather than the typical Kardashian, Miley Cyrus, other petulant bullshit.
a HIGHSCHOOL kid posting on Reddit turned a $900 yolo into 60k. will be 100k YTD if the markets open down today
literally he kept pouring the money back into SPY puts.
Oh please
Are you still holding SPY? Will you dump today – this hideous day? I am at a loss of what to do?
I sold 1/6th of my spy yesterday at the open. I will buy it back today
Need the VIX to spike to 40. A vix at 25 is way too tame.
https://www.reddit.com/r/wallstreetbets/comments/41n43x/rip_uworld_chaos/cz3oirt
his ID is World_Chaos. Mods have confirmed it but most mods there are 12 years old. you can go to his profile and check out his posts. it’s a bit scattered but looks legit
I really couldn’t care less. God bless him
@Dr. FLY – In no way am I being facetious.
How have the EXODUS overbought vs. oversold signals faired this year?
Has it flagged any false bottoms or has it been pretty stable though this whole fiasco
Fly – you have been waiting for some kind of bear rally? i guess yesterday – being just a bit down is the new UP? Market trading lockstep with OIL. Hard to believe Iran hasn’t been selling oil – thru various sources all these years. Fly is this worse than 2009? Because of the velocity & no retreat?
too many people running around with 1770 taped to their foreheads