Posted on 03/18/2020 10:10:04 PM PDT by Ceebass
DOW JONES FUTURES (I:DJI) 19,076.00 -905.00 (-4.74%)
NASDAQ FUTURES(I:COMPX) 6,979.00 -246.25 (-3.53%)
S&P 500 FUTURES (INX) 2,317.25 -96.75 (-4.18%)
(Excerpt) Read more at foxbusiness.com ...
What i’ve found is that when the bid/ask spread is large. Putting in a spread that is 1/3 into the spread usually executes.
So probably more liquidity that you think.
What I think happens, is as the options get further into or out of the money, they aren’t as actively traded, so the dealers just put a wide spread out there because they are required to post quotes. But when you place a trade, they will evaluate that trade on whether it’s fair or not.
you wanna hear something crazy- went to Citgo this afternoon and I paid $1.30 a gallon!!!! — all I can think of is the little Citgo is closing and they wanted to empty their tanks which happened as I filled up...all other gas stations about $1.90.
“Going to keep dropping the longer the economy is shut down. Keep this up till May and the market is going to smash into the ground.”
And that is exactly the plan the dumbasses have. The thing to remember is this. It is a backwards reward system. They DO NOT care what happens to us as long as their power increases.
Your 401k is trashed? They think it’s cool you have to depend on a government handout from them.
Everything bad that happens to us, increases their power and they completely enjoy it. They love being “Master and Commander” of all of society.
“Dow is tanking because Saudi Arabia cranked up oil production and oil fell late afternoon to $20 a barrel.”
Their military is a joke. It’s high time we kicked their ass, ran them for several decades the way MacArthur ruled Japan, and took control of their oil. They are an enemy, and 85% of the evil in the world is caused by them.
Alcohol. Seriously. It isn't an investment per se, but it will always keep its value. If it took you three hours of labor to buy a bottle of vodka at $50, you can sell it in the future for a million dollars, if thats what you earn in three hours. Even people in Venezuela use liquor this way.
Oddly enough, toilet paper works the same way.
I think it’s going sub 10k.
I mean right now we have a country that is shutting down more and more everyday and unlikely to reopen for months.
One thing to keep in mind, folks, is that some companies are sitting on lots of cash. Apple has around $200 billion in cash. Buffett’s Berkshire-Hathaway, Microsoft and Alphabet/Google are (were) all sitting on around $130 billion in cold hard cash each. At what point, do they start scooping up bargains including massive buybacks of their own shares? In my opinion, these cash piles will act as a kind of floor. I It’s hard to call a bottom, but I felt it (accurately as it turned out) in the spring of 2009 when Coca-Cola’s (KO) rock-solid, safe-as-safe-gets dividend yield briefly exceeded 5%. For that to happen now, the stock would have to dip to $32.80, another 27% decline from here. A similar move by major indexes would bring the S&P 500 down to 1,754 and the Dow down to 14,526. Will it go that low? Who the hell knows? But if it does, then we’re probably at or near the bottom. Yes, it’s a totally arbitrary metric, but it’s my metric.
Remember, this crisis WILL be over at some point. A few industries like airlines, tourism and cruises will likely suffer major lingering damage, but most everything else will eventually get back to normal probably faster than most people think.
thanks, this was an out of the money that I wanted to sell part of. I did get part of the FXE sold so now I play with the house money on both !
I don’t think China’s economic problems are over just because they got the virus under control.
How so? During the last bear market, the S&P 500 lost about 50%, the DJIA 54%.
The current losses might have happened faster, but they are not bigger. Yet, anyway.
Silver nano particles are being used to make tests. This is some super cool stuff. Silver graphene and chloroquinine . Silver is on the things to buy but not sure how rare silver is? but it could very much be the next thing in medical technology corna not withstanding. Be interring if those future traders sent the wrong way. Tryin to short it in to the ground. Large pucker factor tomorrow the floor is 18500 ish. That my prediction and I’m going to pay to find out.
1 minute delay between trades. This brute Force hacking of the market is baloney. Because that’s what Free enterprise system is based on sub micro second algorithm trading
Might as well buy in to the market as it falls. When finally one day the Fed’s quantitative-easing gimmick fails to work, it won’t matter if your all in equities, bonds, or cash. That will be the big one — game over.
No I don’t think so either. We don’t know if the virus is going to make a resurgence once they open the factories again. I hope not.
I think we now have some medicines that can help. And that might actully be how they’ve brought this under control.
But the mask is off of globalization now. And everyone now realizes that dependency on foreign nations for critical supplies is insane.
> They [the Saudis] are an enemy, and 85% of the evil in the world is caused by them. <
You betcha. The Saudis use their oil profits to fund radical Islamic schools all around the globe. And that includes in the U.S. It’s like spreading a deadly poison.
Also, it’s no coincidence that most of the 9/11 terrorists were citizens of Saudi Arabia. That alone should have been enough to raze that filthy place to the ground.
for China now, it is the economy, not the virus.
IF there is a global economic meltdown, they get hit, and in any case there will be much more widespread efforts to bring the supply chain home.
A number of globalists have seen the light on dependence on China
“They have run the entire 2008 playbook this week and it is only Wed ! Trillions in new US govt spending, zero rates, massive Fed repo, guarantee money market funds, dollar swaps with the other central banks... and on and on
If a global shock were to start a global Depression, this is what it would look like.”
I think what they’re doing will probably PREVENT a depression. That’s what the fed failed to do at the beginning of the great depression. They learned their lesson, thank God.
What’s causing the current misery is the fact that everything is being shut down by government DECREES and so the economy is in a tailspin. The fed’s action is meant to slow down the fall and lessen the pain.
People that worry about the billions being pumped into the economy don’t seem to realize the trillions that have been lost in asset value and the fact that money circulation has come to a screeching halt.
I’m all in favor of what the fed and the administration are doing in injecting liquidity in the economy. If anything they might need to do more targeted programs. Yes there are some “moral hazards” that have to be navigated, but to do nothing would cause unbelievable suffering.
Additionally, it’s crucial during this time that production and supply chains of basic necessities (food, utilities, gas, health, etc) be supported by whatever means necessary.
We’ll pull out of this eventually - China, Hong Kong, Singapore are already starting to go back to work.
“I figured 8800 at a 70% correction. Like Bitcoin did.”
What I don’t get is why bitcoin is getting slammed?
When Trump announces tomorrow that FDA will approve chloroquine for china virus treatment, the market will hit the limit up
there’s 4 billion aapl shares, they have 27 billion cash and equiv on hand (not the 130 you said), so that would set the stock price floor at 7 dollars a share. Of course they have other assets and value, this just a thought exercise based on cash they had
Egads...he looks like the Joker. Way too much Botox.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.