Trading halted, markets thrashed -10%.
Europe -10%
Oil -11%
IT’S OVER.
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Joined Nov 10, 2007
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Not even peak hysteria yet if you can believe it. Worst is yet to come
Doug Kass trying to call a generational bottom again. Started last Friday…
Wheeeeeeeeeeeeeeeeeeeeeeeee
Po Pimp!!!
Let’s BUY these bitches out!!
this is 2009 all over again. Where’s jakegint?
Mining for silver
WTF is going on? I thought I’d be up 60% in my SPXU by now. 🙁
I’m riding this to ZERO! Write off the losses for years. Wee bit less taxation as taxes will rise and many people once again who were going to retire now have to go back to work and compete with people 30 years younger. Good luck all!
It’s not over until someone blows up. There must be blood for all to see. Things will grind lower.
It was considerate of you to honor “Showtime” with that picture.
The Trump Great Depression will be the greatest depression of them all, courtesy of the Confederate voters of America.
So FLY, is it time to run to my local sporting goods store and buy up all the guns and ammo I can find?
Bought EDC, TNA,LABU,ERX.
And JPM,BA too.
I will declare bankruptcy the day 50 die of COVD in NYC.
What did he say ” it’s not over until it is over”. Do you think all bankers gonna throw themselves out of the windows?
We can only hope.
Italy’s Lombardi region sees the lowest number of new cases.Screw the virus and the bankers too.
Mark my word, the stock market is a ” legal perpetual Ponzi scheme”
Ok, fine, but do you know how the ponzi machine works? Do not confuse “a long time” with “forever”.
I’m with you on buying -8% moves for a trade.
As long you live and as long the US is the top banana and our casino is the best and biggest.
It is possible for the best bananna to still be rotten.
Long term bullsih overconfidence will be a disaster.
As you know, I was out and short before anyone here. I’m not long here …but today, I am much more optimistic than I had been. People are finally being provided info on MSM that will cause them to behave in a manner that will slow the spread of this bug. A month ago would have been better, but it is finally happening and for this we should all be happy.
Still, we are in a recession and the worst is yet to come for many in the host of businesses which will be permanently shuttered. We should prepare for social unrest and prepare to be jealous of how people were treated in Wuhan. Longer term …maybe we see the issuance of “new improved” dollars making your old ones useless.
Data out of Italy indicate they are bending the curve and slowing new cases
Liquidated 30 or so SPY puts expiring in the next 2 weeks in the first half hour this morning. That was harder to do than I thought. I think the bottom is in. If not, I’ll continue to DCA with new money to get back to 70/30.
The bottom for the day: most likely.
The bottom for the Bear: probably not (depends on COVID testing results)
For sure but I expect the puts I had to expire worthless. Mostly SPY 210s expiring between the 20th and 27th
Let us know when you liquidate Fly?!
Social distancing measures are little more than a bandaid unless we all hide in our own caves for 3 months ( time frame of a cold epidemic). It is hard to contain the spread of respiratory disease. We were able to contain Ebola , which spreads by direct contact. As for COVID19 is concerned, the horse is already out of the barn.