Overnight, futures bounced hard and even went positive for a short while. But now things are dreary again — all hope has been lost — time for panic mode.
Dow futures are down an astounding 362, Nasdaq -69.
Eurostoxx 50 is rather contained, off by 1.5%.
Gold is +0.17%, WTI -1% and Bitcoin is -11% to $7,600.
Total crypto market cap has been reduced to just $362 billion. Morons will point to US bonds yields as the reason for the sell off. They’re wrong, especially since the yield curve has steepened during this sell off, up from 50 to 70bps. Meanwhile, people have lost more than $400 billion in about a month, long cryptos. That’s like Berkshire Hathaway going to zero and fucking disappearing from the planet. If you don’t think losing $400 billion in a few weeks of speculation isn’t deleterious to investor sentiment and liquidity, you’re fucking nuts.
Expect extreme downside at the open and do not expect a bounce right away. We’ve been waiting for a sell off like this for quite some time. Perhaps we’re finally getting it?
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investor sentiment ? who the fuck was long cryptos , “investors”? which investor you talk ..
rofl
you are the nut in this matter.. no pun intended
the difference betweem cryptofuck and berkshire goin to zero , is the difference betweem a piece of toilet paper is used to clean ass and tossed .., and an international big company producing worldwide consumer goods which serve everyday world population , suddenly go bankrupt for no evident reasons..
your nonsense skills are escalting
Dunno, most insurance seems like a scam. You think the average person pays their car insurance because they think they’re getting a good value for their money or because it’s required by law?
you can leave without electricity infrastructures laptop keyboard cars a water system and a supermarket and the evolution of them ,do whatever you want with your life as long as you understand what you are gonna miss
I have base insurances , and the one that I need to live .
there’s nothing to understand about a giant ponzi scheme created from nothing with no values , that naturally deflate ( imo to 100$ ..not 1000$ )
I am waiting for the confused genderless basement dwelling snowflakes crying all the way to the marxist gubermint that they need a $700B bailout.
They blame mommy and daddy first. Then stamp feet with some sort of gibberish for chant.
I hope to be enterteined reading some ironbird posts , while waiting for a gifted good blogger, which has been a miss for a time . we’ve had some in the past
SP 500 is in a fairly normal range, off about .35%.
While the fundamentals of the market look fine to me, is it possible that the increasingly unhinged nature of our government is more important?
Me thinks Trump will never tweet about the market again during the rest of his term (give or take a year).
Get ready before 7 more years and then ivanka! Enjoy
Republicans supposedly start wars to distract from bad policy or scandals, the left crash markets. At my recent illuminati meet and greet, the buzz was that a market correction was necessary to distract from the failed #metoo movement as they continue to tweak and redefine it. Major fly in the ointment currently:
https://nypost.com/2018/02/03/a-male-backlash-against-metoo-is-brewing/
You should get back to that pole boychick
Regards
Chuck Bennett
Don’t judge me by my name. Oh wait ….
So, nobody is going to mention how Yellen finally saw the light and said FU to Wells Fargo for the many ways it has been sytematically ripping off the little people: https://www.federalreserve.gov/recentpostings.htm
That IS the reason the market is crashing.