In response to this tweet by Jeff Gundlach, Jim Cramer was, apparently, forced to excoriate himself and apologize profusely in a live broadcast.
JIM STEPPED OUT OF HIS STATION AND DARED TO INSULT THE REIGNING KING OF BONDS, a man who does not need introduction. A man of both power, and style, managing over $150b in assets.
Shame on Jim and I hope the executives at CNBC whipped him at the gibbet, at least two or three dozen times for this transgression.
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Trump looking to axe Powell via zerohedge. Lol
The Orange Grinch stole Christmas. Can somebody please pinch me?! I think I missed the part where America was Great Again.
So I did the math:
1) My weed gains are basically about half gone thanks to the market going diarrhea down the drain.
2) I get to report to work to daily protect life and property without getting paid.
BUT
3) I made like $8 more per paycheck thanks to Trump’s Tax Cuts so my Costco membership is basically free! Fuck yeah! You know what else is free? Onions at Costco. I can eat Costco dogs with free onions for like $5 per day and ride this bitch out. Hallelujah happy birthday Baby Jesus!
QuikTrip is giving out free pizza today. Serious.
I have never heard of QuikTrip where do you live? I’m a 7-11 guy
ATL. QT is everywhere in the Confederate cities.
Dude was eating crow, what a video. Kramer told everyone to sell. Lol
I missed this yesterday.
No Christmas for the unwashed. This is the Yule time, pagan gods of the north. Christmas is a manufactured copy of the Yule
Just like giving gifts during Hanukkah, copy’s Xmas toys and having a Hanukkah bush (not sexual) is a copy of the Xmas tree.
Kwanzaa, what can I say about that? Other than it is also a fraud coping Yule. Created by a member man in jail who was there for kidnapping, enslaving and torturing a woman.
Christmas for no one, bring back that Yule.
(Christmas reef and mistletoe are from the Yule as well. ).
Regards
Chuck Bennett
interesting & entertaining … thx Chuck!
Merry/Happy Yule to one & all !!
Same to you.
Regards
Chuck Bennett
Note that Gundlach agrees with me that TLT is no safe haven longer term “rates have a life of their own …20 year to 6%”
https://www.zerohedge.com/news/2018-12-22/david-collums-2018-year-review-year-everything-changed
Dr Fly, I’m sure you have already devoured David Collums lasted post! Must read for Conspiracy Wing-Nuts!!
Markets are oversold just enough to crash moar *bigly* a la BLACK Monday (1987).
https://www.marketwatch.com/story/this-brutal-stock-market-rout-mirrors-the-1987-crash-in-1-important-way-2018-12-21
We haven’t used the circuit breakers for some time, have we?
Just ran some code to produce the dates when the Dow closed even further below its 50 daily moving average than it did on Friday (12/21/2018):
Date From 50 Daily MA Close
1987-10-16 -29.48% 2246.72998
1987-10-19 -83.78% 1738.73999
1987-10-20 -65.44% 1841.01001
1987-10-21 -38.34% 2027.849976
1987-10-22 -44.52% 1950.430054
1987-10-23 -41.06% 1950.76001
1987-10-26 -57.12% 1793.930054
1987-10-27 -46.26% 1846.48999
1987-10-28 -42.84% 1846.819946
1987-10-29 -28.23% 1938.329956
1987-11-03 -21.87% 1963.530029
1987-11-04 -22.97% 1945.290039
1987-11-09 -25.66% 1900.199951
1987-11-10 -26.84% 1878.150024
1987-11-11 -22.28% 1899.199951
1987-11-30 -23.00% 1833.550049
1987-12-03 -26.58% 1776.530029
1987-12-04 -25.95% 1766.73999
1990-08-23 -25.52% 2483.419922
1997-10-27 -26.55% 7161.200195
1998-08-31 -32.78% 7539.069824
1998-09-03 -21.99% 7682.220215
1998-09-04 -21.59% 7640.25
2001-03-21 -21.88% 9487
2001-03-22 -22.59% 9389.480469
2001-09-17 -31.63% 8920.700195
2001-09-18 -29.35% 8903.400391
2001-09-19 -30.86% 8759.129883
2001-09-20 -39.04% 8376.209961
2001-09-21 -39.84% 8235.80957
2001-09-24 -26.06% 8603.860352
2001-09-25 -22.51% 8659.969727
2001-09-26 -23.60% 8567.389648
2002-07-19 -30.39% 8019.259766
2002-07-22 -35.11% 7784.580078
2002-07-23 -34.83% 7702.339844
2002-09-24 -22.27% 7683.129883
2002-10-09 -22.66% 7286.27002
2008-10-06 -24.92% 9955.5
2008-10-07 -35.59% 9447.110352
2008-10-08 -37.42% 9258.099609
2008-10-09 -52.04% 8579.19043
2008-10-10 -51.26% 8451.19043
2008-10-13 -22.10% 9387.610352
2008-10-14 -22.70% 9310.990234
2008-10-15 -41.03% 8577.910156
2008-10-16 -26.87% 8979.259766
2008-10-17 -28.53% 8852.219727
2008-10-22 -33.94% 8519.209961
2008-10-23 -26.56% 8691.25
2008-10-24 -33.66% 8378.950195
2008-10-27 -37.09% 8175.77002
2008-11-12 -28.78% 8282.660156
2008-11-17 -24.95% 8273.580078
2008-11-19 -30.18% 7997.279785
2008-11-20 -41.55% 7552.290039
2008-11-21 -22.91% 8046.419922
2009-02-20 -22.06% 7365.669922
2009-02-23 -28.87% 7114.779785
2009-02-26 -21.41% 7182.080078
2009-02-27 -23.98% 7062.930176
2009-03-02 -32.79% 6763.290039
2009-03-03 -31.53% 6726.02002
2009-03-04 -23.68% 6875.839844
2009-03-05 -32.25% 6594.439941
2009-03-06 -28.60% 6626.939941
2009-03-09 -29.48% 6547.049805
2011-08-08 -29.33% 10809.849609
2011-08-10 -27.40% 10719.94043
2015-08-24 -24.13% 15871.349609
2015-08-25 -25.20% 15666.44043
2018-12-21 -21.53% 22445.369141
By these numbers alone, I am *not* convinced that we have bottomed yet.
MY BAD. Mislabeled the columns. This is the correct percentages…
Date From 50 Daily MA Close
1987-10-16 -11.41% 2,246.73
1987-10-19 -30.59% 1,738.74
1987-10-20 -25.73% 1,841.01
1987-10-21 -17.61% 2,027.85
1987-10-22 -20.10% 1,950.43
1987-10-23 -19.46% 1,950.76
1987-10-26 -25.17% 1,793.93
1987-10-27 -22.28% 1,846.49
1987-10-28 -21.58% 1,846.82
1987-10-29 -17.12% 1,938.33
1987-10-30 -14.26% 1,993.53
1987-11-02 -12.92% 2,014.09
1987-11-03 -14.60% 1,963.53
1987-11-04 -14.88% 1,945.29
1987-11-05 -12.67% 1,985.41
1987-11-06 -13.36% 1,959.05
1987-11-09 -15.44% 1,900.20
1987-11-10 -15.88% 1,878.15
1987-11-11 -14.43% 1,899.20
1987-11-12 -11.28% 1,960.21
1987-11-13 -11.99% 1,935.01
1987-11-16 -10.95% 1,949.10
1987-11-17 -11.76% 1,922.25
1987-11-18 -10.60% 1,939.16
1987-11-19 -12.18% 1,895.39
1987-11-20 -10.94% 1,913.63
1987-11-23 -10.13% 1,923.08
1987-11-27 -9.76% 1,910.48
1987-11-30 -12.94% 1,833.55
1987-12-01 -12.09% 1,842.34
1987-12-02 -11.36% 1,848.97
1987-12-03 -14.34% 1,776.53
1987-12-04 -14.31% 1,766.74
1987-12-07 -11.69% 1,812.17
1990-08-23 -11.10% 2,483.42
1998-08-31 -13.19% 7,539.07
1998-09-01 -9.52% 7,827.43
1998-09-02 -9.69% 7,782.37
1998-09-03 -10.47% 7,682.22
1998-09-04 -10.58% 7,640.25
1998-09-10 -10.01% 7,615.54
2001-03-22 -10.01% 9,389.48
2001-09-17 -12.83% 8,920.70
2001-09-18 -12.55% 8,903.40
2001-09-19 -13.50% 8,759.13
2001-09-20 -16.71% 8,376.21
2001-09-21 -17.52% 8,235.81
2001-09-24 -13.37% 8,603.86
2001-09-25 -12.36% 8,659.97
2001-09-26 -12.85% 8,567.39
2001-09-27 -11.28% 8,681.42
2002-07-16 -10.36% 8,473.11
2002-07-18 -10.32% 8,409.49
2002-07-19 -13.99% 8,019.26
2002-07-22 -15.97% 7,784.58
2002-07-23 -16.30% 7,702.34
2002-07-24 -10.60% 8,191.29
2002-07-25 -10.28% 8,186.31
2002-08-05 -10.24% 8,043.63
2002-09-24 -10.18% 7,683.13
2002-09-30 -10.04% 7,591.93
2002-10-04 -9.67% 7,528.40
2002-10-07 -10.55% 7,422.84
2002-10-09 -11.45% 7,286.27
2008-10-06 -10.85% 9,955.50
2008-10-07 -14.88% 9,447.11
2008-10-08 -16.04% 9,258.10
2008-10-09 -21.52% 8,579.19
2008-10-10 -21.99% 8,451.19
2008-10-13 -12.89% 9,387.61
2008-10-14 -13.14% 9,310.99
2008-10-15 -19.35% 8,577.91
2008-10-16 -15.05% 8,979.26
2008-10-17 -15.72% 8,852.22
2008-10-20 -11.38% 9,265.43
2008-10-21 -13.13% 9,033.66
2008-10-22 -17.49% 8,519.21
2008-10-23 -15.30% 8,691.25
2008-10-24 -17.75% 8,378.95
2008-10-27 -19.12% 8,175.77
2008-10-28 -9.96% 9,065.12
2008-10-29 -10.32% 8,990.96
2008-11-06 -11.72% 8,695.79
2008-11-11 -10.70% 8,693.96
2008-11-12 -14.42% 8,282.66
2008-11-14 -11.49% 8,497.31
2008-11-17 -13.35% 8,273.58
2008-11-18 -11.36% 8,424.75
2008-11-19 -15.33% 7,997.28
2008-11-20 -19.41% 7,552.29
2008-11-21 -13.65% 8,046.42
2008-12-01 -11.18% 8,149.09
2009-02-17 -9.58% 7,552.60
2009-02-19 -9.92% 7,465.95
2009-02-20 -10.74% 7,365.67
2009-02-23 -13.31% 7,114.78
2009-02-24 -10.07% 7,350.94
2009-02-25 -10.66% 7,270.89
2009-02-26 -11.34% 7,182.08
2009-02-27 -12.37% 7,062.93
2009-03-02 -15.56% 6,763.29
2009-03-03 -15.49% 6,726.02
2009-03-04 -13.15% 6,875.84
2009-03-05 -16.15% 6,594.44
2009-03-06 -15.22% 6,626.94
2009-03-09 -15.70% 6,547.05
2009-03-10 -10.44% 6,926.49
2009-03-11 -10.02% 6,930.40
2011-08-08 -11.42% 10,809.85
2011-08-10 -11.48% 10,719.94
2015-08-24 -9.62% 15,871.35
2015-08-25 -10.40% 15,666.44
2018-12-21 -9.47% 22,445.37
Your previous link had no contributing inforamtion.
This post make my long-winded ones look down-right captivating. Those that appreciate the data can reporduce it for themselves. For others, TL:DR.
Anyway, none of this is thought-provoking. 50-day averages don’t move quickly, so the fact that there are *many* days that are lower after the first one is no surprise at all: that is the expectation unless there is a big rally. To prove your point, you need to show days that are lower than last Friday, followed by a dramatic drop afterwards.
In other words, you need correlate large **changes** in the 50-day (ie, crashes) with simply being uder the 50-day.
1987-10-16 -11.41% 2,246.73
1987-10-19 -30.59% 1,738.74 -> relevant
2001-09-17 -12.83% 8,920.70 -> terrorist attack
2008-10-06 -10.85% 9,955.50
2008-10-07 -14.88% 9,447.11 -> midst of well-publicized crisis, not relevant
2008-10-08 -16.04% 9,258.10
2008-10-09 -21.52% 8,579.19 -> same as above