Posted on 03/08/2020 4:17:48 PM PDT by NRx
Oil down near 20% $33/barrel (yikes) Gold + $25 just broke $1700/oz Dow Futures -1000 pts projected opening.
Most recent numbers at CNBC (the numbers are changing by the minute.)
Japanese market open in 30 minutes
Japanese market open in 30 minutes
They did the same thing at the end of Bush’s term. Prepare for a leftist sh@storm on the markets and a restoration once President Trump is re-elected.
Almost time to start buying...
Not a better time than now to make money.
Buying SPY short dated puts, like April or May, 20 points out of the money is like an ATM. We all knew they’d dump the market, this virus is too early. Trumps strong economy has plenty of time to rebound before November. And when this virus scare is over, reverse those puts, the SPY will rocket back up. Stocks like AAPL MSFT and Goog are way to fundamentally profiable to sell at this discount for long.
I remember Hank Paulson running into Bush43 saying “the sky is falling, total collapse, the ATMs won’t dispense any cash. All BS. They took the fed window rate to zero, Goldman Sacks was not a bank, but got a federal bank charter in one day, so they could borrow at zero. The day AIG got Paulson money, Goldman Sacks made a claim on their CDOs. AIG paid that clain, 45 billion, the same day. All corrupt, all the time. The easiest way to find out who the crooks were is look who paid it back the first day they were allowed. Like BB&t. They didnt trade CDOs and didnt need recapitalization.
CNBC Leading the charge to keep crashing the markets..again.
Running the same playbook that brought down Poppy Bush in 1992 to crash the oil and stock markets ... coronavirus is just an excuse.
Media still making a mess of things losers.
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