Posted on 03/08/2020 6:00:55 PM PDT by narses
I think people that are anxious should take action....do whatever you need to do to feel safe, or safer.....I don’t begrudge people’s worries.....I personally am trying to keep a sensible, reasonable balance between fear and rationality.....
Sigh. You kept claiming “margin calls” were gonna tank a market already going down because of fear and the oil price war. Other than headlines, you have yet to answer my simple question, what percentage of the market is/was on margin?
You want to be the market guru and give advice to people you do not know on the internet, knock yourself out. But to claim anything beyond being obvious as a credential, you lose.
Got it - you are a trust fund baby. Figures.
Well this isn’t going to be stopped until it basically burns out...or they get a vaccine, which is going to take time...
I figure this is going to flow like the flu across the country...so you do what you can to limit your risks and live life as much as possible.....Knowing there are untested people who have this virus and not symptomatic will infect others there’s really not much anyone can do.
I’m grateful we have the best people working on this but I hate the media hype and Dems gleefully reporting every so called ‘specialist’ out there...including every complaint true or not that those using their phones to report as if they’re not seeking their moment in time.
The facts are being supressed under the host of armchair specialists as well. it’s simply overhyped...
it’s simply overhyped...
We have people on the “we’re all going to die” end of the spectrum, as well as a large contingent on the “it’s just like the normal flu” end of the spectrum. I’ve been on the, this is more serious than a normal flu, less serious than SARS is even if you catch it, and the basic actions to limit and contain this are fairly simple if you actually take it seriously” end of the spectrum.
“PANIC!
“Wash your hands.
Cover your mouth with something other than your hands when you cough or sneeze.
Actually use the disinfectant wipes when you use a cart at a store.
Have a couple of weeks food on hand at home.
Don’t go into the office and infect all of your coworkers if you are sick.
If you can work from home, work from home.
“Oh wait, that’s not COVID-19 panic. That’s what everyone should be doing every flu season. The only real addition here, is that the food supply might need to be a few weeks longer, since unlike the flu which burns out in 3-10 days, this takes 3-5 weeks.”
I’m also on the “quit doing inexcusably bad math” end of the spectrum. It may well be that bad math is a more dangerous threat than COVID, even if you catch it. Lots of people have caught bad math.
I couldn't agree more. Totally useless data.
But someone needs to tell Rush. He is using the totally untrustworthy worldwide infection rate data, perhaps unknowingly, to brag about the number of recoveries almost all of which are being reported by, you guessed it, the Chinese. You simply cannot use worldwide data when 75% of the cases are in China.
Margin calls were going on last night. HOw do you not understand that. FUTURES TRADE ON A MARGIN
You want numbers
A lot of stock is bought on margin, that is with borrowed money. Margin debt balances total more than $560 billion and margin calls—when brokers demand more cash after portfolio values decline—can exacerbate market selloffs.
I am not a trust fund baby. I have worked my a$$ off and continue to do so...but my parents left me assets..and they were put in a trust when they died.
They lived the American Dream.
Checking in on Mr Top Step...
Idiots who think people arent getting hit with margin calls...how about this:
MrTopStep
@MrTopStep
·
4h
#AMPFutures
IMPRO: Jim Mayo :(10:57:18 AM) : amp temporay margin increase double day margin
MrTopStep
@MrTopStep
·
5h
#MIM MIM 1.2 bil to sell
JamesVGrimaldi
@JamesVGrimaldi
·
Before today, there was only one other instance—Oct. 27, 1997—when marketwide circuit breakers were triggered to halt stock trading. https://wsj.com/articles/traders-closely-watching-circuit-breakers-thresholds-11583761223 via
@WSJ
Do I really need to explain why there will be margin calls TODAY and TOMORROW...no ..most people get it
Federico M. Domínguez
@PugTrader
·
Passive indexing brings all apples in the basket under the same massive preassure bc fear from clients and margin calls force selling indiscriminately all composite positions, self aggravating market tanking. $PXF #TRMX
Yep......considering how the flu covered the country you can see people weren’t doing the basics for flu season. So the media pounding to do that for the Corona virus is a new thing for them.
Clearly this is hyped, but just like all the other hypes over the years there will be people emotionally reacting differently throughout the spectrum, others will simply wait and see what the facts are, and others prepare as they would for any crisis that would affect commerce.
Yep......considering how the flu covered the country you can see people weren’t doing the basics for flu season. So the media pounding to do that for the Corona virus is a new thing for them.
Clearly this is hyped, but just like all the other hypes over the years there will be people emotionally reacting differently throughout the spectrum, others will simply wait and see what the facts are, and others prepare as they would for any crisis that would affect commerce.
“Do you still want to claim there are no margin calls today???”
You are dense. Where did I claim that? I asked you a really basic question that you have yet to answer.
You blather and play at being a market expert but you sounded exactly like every mouse-warrior trust fund baby I have ever dealt with. I am not impressed, nor do I expect and rational answer from you to the question I asked.
Oh looky, you found the answer!
“Margin debt balances total more than $560 billion...”
How are your math skills? What percentage of the $30 TRILLION dollar market cap does that represent?
Here, I will help, compare these two numbers:
560,000,000,000 versus
30,000,000,000,000
Is math one of your trust fund baby skills, oh mouse-warrior? 98% of the market is NOT margined. That is based on the number you finally found in your google search.
Your lack of understanding about the margin calls astounds
me
but hey carry on
Really? When less than 2% of the market - based on YOUR numbers - represents margined security, why are you blathering about it?
Also, you again ignore questions, why?
“Do you still want to claim there are no margin calls today???”
You are dense. Where did I claim that?
{{{CRICKETS}}}
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