The narrative woven this morning is Joe Biden crushes the primaries; therefore, the socialist Sanders isn’t going to ruin our wonderful system of capitalism. Please and give me a fucking break. If the Trump admin has taught us anything at all it is the executive branch is powerless and vapid. Should Sanders win, none of his insane policies will pass as law, only the moderate ones. That’s the way this system of government works.
Futures are higher by 700 because people wanted a reason to buy, following yesterday’s -750 debacle. It’s as simple as that.
My sole reservation in all this, if I might be so bold, is the treasury market. The 10yr is still under 1.00 and is actually lower in yield this morning by 2bps. We need to see some sell off in the bond market to make me feel really great about stocks. The coronavirus business will of course pass and the global death rate of 3.4% is indeed scary, if you’re a fucking child and get scare easily.
I couldn’t care less if I got the virus or not. I’d like to avoid it if I could, but I will not go out of my way to avoid people and touching things. I will not wear a mask and will only hole myself inside should I contract this horrible horrible virus. That being said, we’ve all seen the movies and we all think zombies are real, so everyone is panicked. You can thank Hollywood for all this hysteria. I’m not a flu-bros and for third world shit holes, the coronavirus is a real threat. But to shut down global trade and cause a fucking stock market meltdown seems excessive.
My only hope is to get back to a sense of normalcy and get in quick enough and early enough to enjoy the bounce back.
Presently I an bogged down in cash, shorts, and virus plays. I will lose some money early on — but hope to make it up throughout the day with some quick witted trades.
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MSNBC FAGS are giddy this morning. I can barely stand Mika (The Whooor) Brzezinski, but the bitch only believes in a world were she gets (deserves) $10,000 a day to appear on a gay morning politics show.
As for the virus – I have strongly urged my parents to self quarantine. Especially my dad – they are old AF, have 10 acres of property, and have no reason to be exploring town and other filthy places for the next couple of weeks. I’m not worried about my sister or her kids. And myself, being a strapping manly man of less than 40 years, I’m not afraid of this pussy virus either. I do think once they start testing they will find 5000 cases here in the PNW by the end of the month.
As for the markets, I think a lot of people would prefer things to return to normal. I’ve got my entire retirement account in bonds so I would appreciate it if the retest the low FAGS gave me a shot at a good entry before this is all just a V shaped blip in the year that was Donald Pumps 2020 re election stock market.
If you are 100% long bonds, you are a fuckin’ IDIOT.
Bonds are so overpriced it is scary.
says the man who just lost 10% of his net worth
Depends on which bonds but as far as yield dropping in general, I’m with you being long lots of bonds.
I think lots of yields are going to zero.
Was thinking the same thing about stocks vs bonds, but 10yr @1.005 as I type.
As for the virus:
“I will not go out of my way to avoid people and touching things. I will not wear a mask and will only hole myself inside should I contract this horrible horrible virus.”
“I’m not afraid of this pussy virus either. ”
This is the exact type of American entiltement/arrogant attitude that I wrote about a few days ago, which is also the exact reason why the virus will spread faster in the US than in China.
PS I plan to minimally adjust my behavior as well. However,, please be carefull if you are around older people (over 70) consistently: 1 in 6 will die
Yeah dude I just said I made my parents promise to stay home. BUT I STILL HAVE TO GO TO FUCKING WORK. Not to mention all the sick people who don’t have time off, etc., who are serving up tacos and stocking shelves.
I fully expect to get the pussy virus. That shit’s priced in now. And because they haven’t closed shit down here yet I’m not even going to be able to go out to my parent’s (because I’ll be a carrier) which was my original plan.
Biden’s campaign playied it all perfectly: Kloubacahr/Biden ads in Miinesota, Beto endorsement live in Dallas, etc. Winning Massachusettes is even more amazing.
Momentum, perfectly timed: fully expect him to surge in polls this week, then fall again by next Tuesday’s polls.
With futures already sky-high, will be interesting to see how far momentum takes the market.
your 150$ profit in FNGD is now 75$.
So that buys one night, right?
https://ibankcoin.com/flyblog/2020/03/03/fed-surprises-50bps-cut/#comment-566699
Let’s keep mommies out of this. I don’t make fun of the fat pig that birthed you.
With the VIX elevated shouldn’t we expect more rapid fluctuations than normal?
There are two VIXs. The spot VIX (“the VIX”) is simply a measutring stick and is not that useful. VIX futures tell you waht the market expects in the future.
Currently both are at multi-year highs.
If that is the global death rate, it would kill 265 million people. I think this argues that the markets may still have a lot of reacting to do. But I agree with Tuesday Fly who said essentially, ‘trade the moves and shelve your stupid opinions.’
OK, so you do the math asshole.
My charts are down what a joke I guess I’ll take to trading with pencil and paper to scalp that GUSH trade I was looking at. Jesus Christ. Day over
Did the market just gap up because Bloomberg left?
Reality check on “Joe Biden nomination” vs “pandemic virus”
Japan: 298 infections
South Korea: 5621
Singapore: 112
Italy: 2502
Spain: 151
France: 212
Germany: 203
US: 112
ships & planes: 506
It’s all right here:
https://en.wikipedia.org/wiki/Timeline_of_the_2019%E2%80%9320_coronavirus_outbreak#Case_statistics
Including the highly imporbable (ie, fake news) China chart
10yr under 1.0% again
30yr heading for 1.5%
Peace out, my day is on autopilot
“Who coulda known?”