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DrStool

Gap City Rollers - 3/18/20

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Another slide for the Aussie market, -3.8% which brings us to the very bottom of the support area back in 2016. A  bounce from here is mandatory or civilization as we know it, etc ..

 

Sth Korea had a nasty innings, -8.4%.  Signs of green in UK/Europe though.

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Kind of an anecdotal observation trying to get a handle on where the inevitable face ripping off rally will come from. Since I retired 3 years ago I have little interaction with Fox News Trump fans. My sister however has an in law who she hears from once in awhile who is one.  He's been a bullish stock market obsessive for over a year and he was calling, mostly, to tell her to buy stocks like he is because he is going to be rich. He's especially keen on the casino stocks. Now those $1000 checks flowing out isn't going to power the market up per say but one can sure guess that with money flowing confidence will get a boost.

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USD - boner

EM FX full dislocation. The full panic is on.

boner.PNG

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8 minutes ago, Jorma said:

Kind of an anecdotal observation trying to get a handle on where the inevitable face ripping off rally will come from. Since I retired 3 years ago I have little interaction with Fox News Trump fans. My sister however has an in law who she hears from once in awhile who is one.  He's been a bullish stock market obsessive for over a year and he was calling, mostly, to tell her to buy stocks like he is because he is going to be rich. He's especially keen on the casino stocks. Now those $1000 checks flowing out isn't going to power the market up per say but one can sure guess that with money flowing confidence will get a boost.

Not sure about that. I would rather say, that once the Trumpists give in and declare the end of the world THEN a low will be in.

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3 minutes ago, fxfox said:

Not sure about that. I would rather say, that once the Trumpists give in and declare the end of the world THEN a low will be in.

I'm talking about the snap back rally, not the final low. Well it's all kind of silly and don't mean a thing. 

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