This could be the biggest news out of Germany since 2008.
Germany says it'll spend billions to cushion the economy and will put no limit on its credit program to help companies. The market response is notable, with the fastest steepening of the German 2-10-year yield curve since 2008. pic.twitter.com/s3vt44VwHq
— Lisa Abramowicz (@lisaabramowicz1) March 13, 2020
The result is massive widening of 2s and 10s in Germany (bullish), the most since 2008. Italian markets are up a staggering 14.4% and Europe as a whole higher by more than 7%. We are LIMIT UP (5%) here in America and our bonds yields are BLOWING OUT, with the 10yr up an amazing 12bps to 0.97%. I do not view that very constructively. But nevertheless, I’ll take the rally.
Bitcoin got ass-raped last night down to $4,000, now trading at $5400.
I know what you’re thinking. Should I buy now? Will this continue?
HARD TO SAY. But I am comfy taking trades at any time, in either direction. Heading into today, I am heavily long tankers and some SOXL, no shorts. I think we have room to move. I am a little apprehensive over the weekend because Congress is supposed to approve a stimulus programme. Do you trust them? Do you hate them enough to sell short into the close today?
We’ll find out now, won’t we?
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Bull flag. About time.
Never saw a market move this fast this far. It wouldn’t let you in easily so for me much of the move was wasted.
I’ll trade the upside move with caution. The bear is most likely not dead.
Why are you clowns (Fly included) fucking around
with counter-cyclical short term trades when we
are in a GENERATIONAL BEAR MARKET that will
last 6 to 18 months (maybe even ten years)?
You should be positioning for the longer term!
Good point.
Firstly, the bear wasn’t proven earlier. Then entry points became a problem.
I’ll load up on shorts in good time.
No reason to not jump on this bull flag. 100% cash.
Road of the wanton.
Bidet manufacturers.
Bidets. The least masculine of all prepper purchases.
I’m not saying anything here that most of us don’t already know, but if this rally doesn’t hold, especially towards the end of the day, then we could see that big time flush out on Monday. Without that type of move, I’m staying put.
One hand, Thursday *was* a flush out moove: the close was awful and if -10% isn’t good enough, what is?
On the other hand, Bear Markets tend to last more than 1-2 days, and this one revealed (yet another) issue with the financail system, that will continue to affect the amrket beyond the transparent effects from quarantines.
I said it yesterday, Virus has passed through the communities and it is on the way out. Few cases here &there. No testing is done due to incompetence and politics. Called market bottom yesterday. EDC from 31 yesterday to open 42 today. Buy soxl, tna labu.
I have no idea what kind of logic you are applying here. How can you be so convinced that the virus is finsihed in the US when we don’t even know how many people have it? WAG?
Practicing medicine in NYC for 44 yrs, hands-on experience. Went to a wedding 2 wks ago half the people got cold symptoms. Some transmitted further within days. None serious.
That’s what they call anecdotal evidence.
Has anyone been tested?
If not, we call that hearsay. You’re extrapolating your wedding party to the population of the world. You may be right or you may be practicing witchdoctorory.
Fastest drop since 1929. Longest bull market ever.
every Republican president who’s cut taxes for wealthy people during a bull market has caused a crash. Then they’re too afraid to pull out the checkbook and shit gets worse.
Every time.
Anyone buying stocks right now is absolutely retarded.
Chinese people have been eating bats and fried roaches for thousands of years and now that they have hospitals in penicillin and KFC they’ve created this global pandemic.
It’s only make sense if you’re stupid enough to believe that AIDS came from black people banging monkeys.
Again… if they were banging monkeys in the 70s they were banging 500% more monkeys in 1870 when Belgian and Brits were raping African girls.
Only Americans are stupid enough to believe this will blow over.
South Carolina is 100 years behind NYC. NYC is 10 days behind Italy.
Every dead old person is another social security check that doesn’t need to get sent out anymore.
Despite the strong open the market doesn’t have much snap.
Just watching.
Snap, crackle,….POP
Industry needs bailouts and the economy needs massive stimulus. However, Trump won’t even sit in the same room as Pelosi and there’s no way she easily hands him a bailout for major corporations and stimulus package that he can trumpet on the campaign trail in an election year. Unless and until things get really bad, we won’t have the necessary actions from congress to really reinflate the markets back up in the near term.
The Democratic billis highly defensible. The Democrats will win on this if they publicize it right.
It is WAY too earyy for any corporatae bail out bills, regardless of what The Markets think. Aslo, somoen mentioned that many of the hurt industries – such as most Cruise liens – are foreign owned. Let their own taxpayers bail them out.
He learned his lessons. He’s legit afraid to look stupid as fuck with her on camera.
Full bull ahead. Jared is now in charge of roping in the virus and he’s personally consulting with his supermodel sister-in-law’s dad about appropriate measures. What could go wrong?
Takes balls to buy on a Friday in this environment. Better hope a Kardashian doesn’t get whacked by the virus… that’s good for another 2K drop.
LMAO Drudge suggests (in red font, no less)Trump is spreading the bug: “Brazilian president Bolsonaro positive days after meeting with Trump…”
Trump having 3 pm press conference on virus. That can’t be good for the market. I can preview.
1. Blame Obama
2,.Blame CDC
3, Say he’s only been in office 3 years so it can’t be his incompetence.
4. Casually mention the 20 footer he sunk on the fifth hole last Saturday.
That should put a lid on things.