sandy beach Posted March 23, 2020 Report Share Posted March 23, 2020 I think it's time to reason with the coronavirus. Sit down find out what it wants and just pay it off. Link to comment Share on other sites More sharing options...
SiP Posted March 23, 2020 Report Share Posted March 23, 2020 https://www.cnbc.com/2020/03/23/this-was-the-fastest-30percent-stock-market-decline-ever.html This was the fastest 30% sell-off ever, exceeding the pace of declines during the Great Depression It took the S&P 500 only 22 trading days to fall 30% from its record high reached on Feb. 19, making it the fastest drop of this magnitude in history, according to data from Bank of America Securities. The second, third and fourth quickest 30% pullbacks all occurred during the Great Depression era in 1934, 1931 and 1929, respectively. Link to comment Share on other sites More sharing options...
sandy beach Posted March 24, 2020 Report Share Posted March 24, 2020 CDC: Morbidity and Mortality Weekly Report: The coronavirus survived for up to 17 days aboard the Diamond Princess cruise ship... Is that a lot? https://www.cdc.gov/mmwr/volumes/69/wr/mm6912e3.htm?s_cid=mm6912e3_w Link to comment Share on other sites More sharing options...
sandy beach Posted March 24, 2020 Report Share Posted March 24, 2020 This is remarkable out of 29 radiological scans of pneumonia patients 20 tested COVID19 positive by a radiologist in France since 9AM this morning. The age group was 34 to 92 years of age. This is far worse than even I would have imagined. Link to comment Share on other sites More sharing options...
MisFit Kid Posted March 24, 2020 Report Share Posted March 24, 2020 Right at Limit UP...... More/Unlimited Free money to the chosen ones, was going to work sooner or later, right....... Link to comment Share on other sites More sharing options...
Jimi Posted March 24, 2020 Report Share Posted March 24, 2020 48 minutes ago, sandy beach said: CDC: Morbidity and Mortality Weekly Report: The coronavirus survived for up to 17 days aboard the Diamond Princess cruise ship... Is that a lot? https://www.cdc.gov/mmwr/volumes/69/wr/mm6912e3.htm?s_cid=mm6912e3_w Yeah. That’s a lot. Hate that story. Pernicious unwelcome piece of crap little bugger of a miserable effing virus. Link to comment Share on other sites More sharing options...
Jimi Posted March 24, 2020 Report Share Posted March 24, 2020 49 minutes ago, sandy beach said: This is remarkable out of 29 radiological scans of pneumonia patients 20 tested COVID19 positive by a radiologist in France since 9AM this morning. The age group was 34 to 92 years of age. This is far worse than even I would have imagined. I’m old enough to remember when it only threatened old people. Link to comment Share on other sites More sharing options...
sandy beach Posted March 24, 2020 Report Share Posted March 24, 2020 Dropped off a few care packages today - some fresh food, baked goods, periodicals, potted flowers,, etc. to the at risk we know. Keep them engaged. Isolation can cause permanent psychological damage. So let's not do that - give them a call if you can. XO XO XO Sandy Link to comment Share on other sites More sharing options...
fxfox Posted March 24, 2020 Report Share Posted March 24, 2020 Nikkei virtually exploding to the upside. First time it trades above the EMA200 hourly since Feb20th. ES right now at 2330... if they take out yesterdays spike high.... Wasn't it in all those past decades so, that the stock market had already made a bottom BEFORE the news flow became "better"? News flow even accelerates in its negativeness, but stocks already bottomed? The theory says that is the case because at some point during a downmove CB's step in with liquidity and calm things down, like yesterday. Wasn't that just a while ago, that on the very same day the FED injected large sums stocks did go down on that day, just to start an ass ripping off rally the next day? Goddam it! They succeed again! I have no words for that shite! Link to comment Share on other sites More sharing options...
SiP Posted March 24, 2020 Report Share Posted March 24, 2020 chill out fxfox it's amazing how you react. Every day you change view. one day, we gonna die. the other day. we already seen the low. there will be bounce. During 1929 we had 20% or something bounces it's not the low. we are at 18k at Dow, 8000 at Dax and 2200 at sp500. We fuc..... have to bounce! it's already the fastest crash in human history. We have to bounce. I bought this week for 30% of dry powder some stocks, bought some gold on the test of the lower band of uptrend chanel (below 1500 on gold). we fuc.... have to bounce. i really do think that we would see some lower levels later on. when? I don't know I'm not fairy tale or wizard. if you think it's the low then go all in or even 200% with your capital. Let me know what do you bought. I'm going after only hard assets like miners, telco, gas pipelines. I'm not buying any fancy stocks. I bought some online gaming stocks. kids get addicted. everyone is playing on self isolation. esport will explode. Link to comment Share on other sites More sharing options...
fxfox Posted March 24, 2020 Report Share Posted March 24, 2020 SiP, we had many 20% rallies during the whole 1929 to 1932 era, not only in 29. As I said the other day, DAX feels bottomish, it did fall from 13800 to 8200 in basically one single swoon dive. That's unprecedented. It seems we did run out of sellers, so it would be pretty normal if we go up to 10k or so to built up steem for another downmove. Baiscally I don't buy stocks, only when there is a huge bargain. What a bargain is, is also a matter of discussion, the definition is a personal one. For me a bargain would be: BASF at 20-25, Deutsche Telekom at 8, Daimler at a spike to 9... Like you mentioned, Electronic Arts could be a bargain too right now... Usually I only trade indeces based on longer term considerations. You are posting good stuff here, please go on with that. Sometimes I'm quite emotional, you know. I'm known for that Link to comment Share on other sites More sharing options...
fxfox Posted March 24, 2020 Report Share Posted March 24, 2020 DAX 10 mins after open at 9230, plus 5.5%. Trading above the EMA200 hourly now for the first time since Feb20th. Link to comment Share on other sites More sharing options...
SiP Posted March 24, 2020 Report Share Posted March 24, 2020 36 minutes ago, fxfox said: we had many 20% rallies during the whole 1929 to 1932 era, not only in 29. As I said the other day, DAX feels bottomish, it did fall from 13800 to 8200 in basically one single swoon dive. That's unprecedented. It seems we did run out of sellers, so it would be pretty normal if we go up to 10k or so to built up steem for another downmove. Baiscally I don't buy stocks, only when there is a huge bargain. What a bargain is, is also a matter of discussion, the definition is a personal one. For me a bargain would be: BASF at 20-25, Deutsche Telekom at 8, Daimler at a spike to 9... Like you mentioned, Electronic Arts could be a bargain too right now... Usually I only trade indeces based on longer term considerations. You are posting good stuff here, please go on with that. Sometimes I'm quite emotional, you know. I'm known for that Agree, buying basf already is a good call probably. Link to comment Share on other sites More sharing options...
SiP Posted March 24, 2020 Report Share Posted March 24, 2020 BTW, where is TJ? Probably he would be already having 200% leverage. Link to comment Share on other sites More sharing options...
fxfox Posted March 24, 2020 Report Share Posted March 24, 2020 Futures lock limit up. Link to comment Share on other sites More sharing options...
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