Posted on 03/12/2020 10:28:12 PM PDT by willk
Sorry for the vanity. I dont know anything about the futures market but wow that was a fast turn around. Could it be we hit a bottom and it caused programmed bugs to kick in?
Didn’t the Fed act the last few times while the US Market was open?
Of course it took the market but an hour or so to digest and “reject” the news.
It depends on whether this is the start of a bear market. If it is, then there will be periods where the market moves up, followed by the downtrend reasserting itself.
Of course this will only be obvious in hindsight.
Right now, margin accounts are being blown up and forced to sell, a process which feeds on itself and can set in motion a vicious downward spiral. Three days after a big down day you’ll see that margin selling show up.
If you’re planning to put money into stocks I’d do it piecemeal. What you think is a bargain right now can get cheaper in a hurry, taking your money down with it.
The big factors right now are the disruption caused by the Covid virus, and the oil war between Saudi Arabia and Russia.
The Covid virus should lose steam in a few months. Unless we are extremely unlucky and there is following 2nd wave. The Saudi vs Russia oil war will last as long as those two are willing to take it.
Isn’t Deutche Bank heavily whistling past the graveyard?
People under the age of 40 just realized that his the chance of a lifetime to get into the equities market.
Paging George Soros.
Would they be dead if you hadn't looked?
Would seeing dead cats mean asian restaurants are not operating?
I’m pretty sure that the Fed only buys bonds. That buying can influence the stock market, but only indirectly.
Bank of Japan and some other central banks buy stocks, the Fed never has.
Good post.
Msft looked like a bargain 20 dollars ago.
Schrodinger was into the Stock Market?
What’s going on? There’s not enough of us dying...
We’ve got to find a way, to bring some killing here today - eugenicists
The circuit breakers are made in China and the Plunge Protection Team is on vacay.
There’s a bunch of short selling that sooner or later will have to be redeemed.
Is mini mike involved? (sorry, I couldn’t resist)
I don’t think he’s a market manipulator. At least I’ve never heard that he is. All his money is tied up in his business. When the interweb first came along, he sold networking systems and hardware to all the traders. He made a killing.
https://en.wikipedia.org/wiki/Bloomberg_Terminal
In 1981, Michael Bloomberg was fired from Salomon Brothers. He was given no severance package, but owned $10 million worth of equity as a partner at the firm.[5] Using this money, Bloomberg, having designed in-house computerized financial systems for Salomon, set up a data services company named Innovative Market Systems (IMS) based on his belief that Wall Street would pay a premium for high-quality business information, delivered instantaneously on computer terminals in a variety of usable formats.[6] The company sold customized computer terminals that delivered real-time market data, financial calculations and other analytics to Wall Street firms. At first, the machine was called the Market Master terminal, but later became known as the Bloomberg Terminal[7] or simply “The Bloomberg”. The terminal was released to market in December 1982.[7] Merrill Lynch became the company’s first customer, purchasing a 30% stake in IMS for $30 million in exchange for a five-year restriction on marketing the terminals to Merrill Lynch’s competitiors.[8] In 1984, Merrill Lynch released IMS from the restriction.[8]
Sales from the Bloomberg terminal account for more than 85 percent of Bloomberg L.P.’s annual revenue.[11] The financial data vendor’s proprietary computer system starts at $22,500 per user per year.
Thanks for the info and all of your posts/info/education throughout the years on this forum, abb.
However, what happens in the US and elsewhere is likely to get worse for a while and aside from Italy, massive lockdowns haven’t been happening.
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