sandy beach Posted March 20, 2020 Report Share Posted March 20, 2020 This is going to get ugly on Monday AM. I'd short before the close but the big central banks have a their cross hairs on people like me right now. Link to comment Share on other sites More sharing options...
sandy beach Posted March 20, 2020 Report Share Posted March 20, 2020 This is the oddest feeling. I'm conversing with all sorts of Ph.D.'s and many are literally wondering if the food will run out by this summer. Link to comment Share on other sites More sharing options...
Jimi Posted March 20, 2020 Report Share Posted March 20, 2020 1 minute ago, sandy beach said: This is the oddest feeling. I'm conversing with all sorts of Ph.D.'s and many are literally wondering if the food will run out by this summer. Aren't you? Link to comment Share on other sites More sharing options...
DrStool Posted March 20, 2020 Author Report Share Posted March 20, 2020 LEE'S FREE THINKING, MUST READ Fed Bought $67 Billion in Treasuries Today – $67 F’n Billion! by NY Fed | Treasury Securities Operations • March 20, 2020 • 0 Comments I can’t even. And still, the stock market melts down. We are so fucking doomed. Link to comment Share on other sites More sharing options...
Jimi Posted March 20, 2020 Report Share Posted March 20, 2020 In the same way that debt destruction may overwhelm the ability of fiscal & monetary policy to stop its collapse, the delayed response to COVID may overwhelm the medical system's capacity to stop its wholesale spread into food supply lines. I'm not saying it's gonna happen - but I sure would like them to shut the goddamned country down, to help avoid that non-zero prospect. Link to comment Share on other sites More sharing options...
fxfox Posted March 20, 2020 Report Share Posted March 20, 2020 We are absolutely fisted. This is the endgame and we are live witnesses. It is the total and complete global deleveraging of every asset class one can imagine. I repeat again: When this is all over no stone will be left standing. Link to comment Share on other sites More sharing options...
DrStool Posted March 20, 2020 Author Report Share Posted March 20, 2020 The Dow futures have now lost 1600 points from the overnight high after the Fed bought $67 billion. This shit is starting to scare me. Link to comment Share on other sites More sharing options...
DrStool Posted March 20, 2020 Author Report Share Posted March 20, 2020 5 minutes ago, fxfox said: We are absolutely fisted. This is the endgame and we are live witnesses. It is the total and complete global deleveraging of every asset class one can imagine. I repeat again: When this is all over no stone will be left standing. Wrong. Stonehenge. Link to comment Share on other sites More sharing options...
Jorma Posted March 20, 2020 Report Share Posted March 20, 2020 In yet another a sign that the turmoil in financial markets is putting extreme stress on some firms, one of the CME Group’s direct clearing firms was unable to meet its capital requirements, according to sources. Additional sources said Ronin’s problems stemmed from positions in futures tied to the CBOE Volatility Index, or the security that tracks market volatility. https://www.cnbc.com/2020/03/20/clearing-firm-ronin-capital-unable-to-meet-capital-requirements-at-cme-sources.html It isn't much but it's the first body made public as far as I know Link to comment Share on other sites More sharing options...
DrStool Posted March 20, 2020 Author Report Share Posted March 20, 2020 10 minutes ago, sandy beach said: This is the oddest feeling. I'm conversing with all sorts of Ph.D.'s and many are literally wondering if the food will run out by this summer. Thank God I'm in Croatia. Can always eat wild truffles and other wild mushrooms. Like the magic ones. And then you die. Link to comment Share on other sites More sharing options...
sandy beach Posted March 20, 2020 Report Share Posted March 20, 2020 That's the problem Jimi - these are the smartest guys in the room and they don't even have enough information to make that call. I have food stocked but I might stock up on more lentils, rice and beans for the longer haul. I've got to think that it is possible still that this country can pull together like we did for the World War II effort if needed. I sure hope we are still capable of that. Link to comment Share on other sites More sharing options...
DrStool Posted March 20, 2020 Author Report Share Posted March 20, 2020 2 minutes ago, Jorma said: In yet another a sign that the turmoil in financial markets is putting extreme stress on some firms, one of the CME Group’s direct clearing firms was unable to meet its capital requirements, according to sources. Additional sources said Ronin’s problems stemmed from positions in futures tied to the CBOE Volatility Index, or the security that tracks market volatility. https://www.cnbc.com/2020/03/20/clearing-firm-ronin-capital-unable-to-meet-capital-requirements-at-cme-sources.html I told Lindsay Williams on March 9 that there were dead bodies. We don't know who they are, but within a couple of weeks they will start floating to the surface. Lee Told Lindsay Williams that 2700 Should Be A Bottom, Not THE Bottom by Lee Adler • March 9, 2020 • 0 Comments Hear more of Lindsay Williams’s great interviews Link to comment Share on other sites More sharing options...
DrStool Posted March 20, 2020 Author Report Share Posted March 20, 2020 One slice of scrapple each day and you will not be hungry again until the following Tuesday. Get yours today at your local Amish market. Link to comment Share on other sites More sharing options...
Jorma Posted March 20, 2020 Report Share Posted March 20, 2020 I'm operating on the belief there will be food because Americans will get er done. I'm a lot less confident that those numbers you see in trading accounts will actually ever be in your hands. Link to comment Share on other sites More sharing options...
sandy beach Posted March 20, 2020 Report Share Posted March 20, 2020 Don't worry we can just blow another housing bubble, right? Link to comment Share on other sites More sharing options...
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