Stock Market Discussion -- started 03/06/2018 -- updated daily !!!

[KVB]

Not True, the public saw his Phase 1, 2 and 3 guidelines. Trump got paranoid over the economy and just decided not to inforce them....Many States are, including here in NC...

NC is not following the White House recommendations.

https://www.wfmynews2.com/article/news/health/coronavirus/transitioning-from-phase-one-to-phase-two-nc-factors/83-22f3b052-8ea3-4f10-bead-c7457072b3e4

Although this metric is pretty close, closer than most states...

Percent positive tests: A decrease or sustained level is needed in the percent tests coming back positive over a two-week span.

[Iona]

[QUOTE=HockeyRocks;29441304]i haven't seen anyone speak of Powells words today talking about how slowly the economy will return. I would say that has had a lot to do with the sell off.


What resonated with me was Powell indicating that ALL of the FED Governors are AGAINST negative rates. He mentioned this in his prepared statement and again during the Q & A.

[d2bets]

You misunderstood me. I didn't say the public didn't see guidelines.

I said further revisions didn't make the public eye as they were scrapped.

Trump has had a consistent recommendation all along.

He didn't decide to not enforce them, he can't enforce them.

It's a State's rights issue at that point. Hence why he leaves it up to the Governors. Not out of his own generous benevolence, but because his hands are tied by law.

Lack of central leadership is an issue and I'm guessing that if this wasn't an election year, we might see a little more action from the White House.

The guidelines were not just state but also local. Point is that many states and counties are trying to follow Trump Guidelines all while Trumpers assail them for doing so. It's bizarre.

[d2bets]

[QUOTE=Iona;29441424]

i haven't seen anyone speak of Powells words today talking about how slowly the economy will return. I would say that has had a lot to do with the sell off.


What resonated with me was Powell indicating that ALL of the FED Governors are AGAINST negative rates. He mentioned this in his prepared statement and again during the Q & A.

Yep. Futures were dropping as he said that.

My takeaway was basically that they are already doing what they can, and will continue, but if something more is needed it really needs to be on the fiscal side and that is up to Congress.

[d2bets]

Will the 2,800 level hold in the last hour? There should be some support at 2,730, but not much support until 2,640. Seems extreme, but we could see that by Friday.

[KVB]

The guidelines were not just state but also local. Point is that many states and counties are trying to follow Trump Guidelines all while Trumpers assail them for doing so. It's bizarre.

Trump himself is playing both sides of the coin.

Then he'll use data to see specifically which individuals respond to which statements and who is on the fence election wise. He can then target individual computers with ads, using the individual triggers of those on the fence.

Trump is a master campaigner.

[KVB]

Will the 2,800 level hold in the last hour? There should be some support at 2,730, but not much support until 2,640. Seems extreme, but we could see that by Friday.

I think it holds. but it could be real close...lol.

[Slurry Pumper]

All of you who are wondering why today is happening are not reading mine and others who have been warning you of this just since the close yesterday. Hell just this morning I put in my post that this was going to happen, and also when it does, it would be a violent move.

Water under the bridge, going into the close watch for increased selling if that increases with volume you can expect tomorrow will start off the day with some good signs but the downward pressure will continue at least until the end of the week in my opinion but that doesn't mean that tomorrow won't be an up day. The sentiment is heading down for the near future however.

And don't think the "news" is what causes anything. Like I said "they" use the news as a catalyst. What the news actually is doesn't matter. Hell tomorrow we will probably see another 3 million laid off workers and the market will probably jump up a little bit.
I'm telling you that the march lows will still be visited in all likelihood before the S&P hits 3000.

[krk1030]

Market was way too high to begin with.

Never should have been so close to pre-covid levels.

[d2bets]

All of you who are wondering why today is happening are not reading mine and others who have been warning you of this just since the close yesterday. Hell just this morning I put in my post that this was going to happen, and also when it does, it would be a violent move.

Water under the bridge, going into the close watch for increased selling if that increases with volume you can expect tomorrow will start off the day with some good signs but the downward pressure will continue at least until the end of the week in my opinion but that doesn't mean that tomorrow won't be an up day. The sentiment is heading down for the near future however.

And don't think the "news" is what causes anything. Like I said "they" use the news as a catalyst. What the news actually is doesn't matter. Hell tomorrow we will probably see another 3 million laid off workers and the market will probably jump up a little bit.
I'm telling you that the march lows will still be visited in all likelihood before the S&P hits 3000.

So for the record you are calling for sub-2200 before 3,000? We'll see. That's still a very long way off.

[krk1030]

Anyone else short $AMC?

[Slurry Pumper]

So for the record you are calling for sub-2200 before 3,000? We'll see. That's still a very long way off.

Yeah put me in that camp from a couple of weeks ago even when we were above the 2900 level I said we were going back and I confident with that projection. Not saying we are going to break down further but we will be there sometime this summer.

[KVB]

All of you who are wondering why today is happening are not reading mine and others who have been warning you of this just since the close yesterday. Hell just this morning I put in my post that this was going to happen, and also when it does, it would be a violent move.

Water under the bridge, going into the close watch for increased selling if that increases with volume you can expect tomorrow will start off the day with some good signs but the downward pressure will continue at least until the end of the week in my opinion but that doesn't mean that tomorrow won't be an up day. The sentiment is heading down for the near future however.

And don't think the "news" is what causes anything. Like I said "they" use the news as a catalyst. What the news actually is doesn't matter. Hell tomorrow we will probably see another 3 million laid off workers and the market will probably jump up a little bit.
I'm telling you that the march lows will still be visited in all likelihood before the S&P hits 3000.

That's the point was making as well.

[HockeyRocks]

NC is not following the White House recommendations.

https://www.wfmynews2.com/article/news/health/coronavirus/transitioning-from-phase-one-to-phase-two-nc-factors/83-22f3b052-8ea3-4f10-bead-c7457072b3e4

Although this metric is pretty close, closer than most states...

So read the article KVB. Its dated 5-10-2020, saying the State started Phase 1 on 5-5-2020 and will end on 5-22-2020. The different phases are the only thing Americans know to take from WH recommendations. You can take it and twist it or spin it anyway you want but my comment saying NC was practicing Phase 1 is factual. At least NC is trying to follow even though we still have 400-500 new case daily.

[homie1975]

So for the record you are calling for sub-2200 before 3,000? We'll see. That's still a very long way off.

i'll wager 300 bet points with any PRO here who has the points, that we see SPX 3000 on a closing session at 4 pm eastern time on a day before we see 2200 at the close.

find me via PM.

[KVB]

So read the article KVB. Its dated 5-10-2020, saying the State started Phase 1 on 5-5-2020 and will end on 5-22-2020. The different phases are the only thing Americans know to take from WH recommendations. You can take it and twist it or spin it anyway you want but my comment saying NC was practicing Phase 1 is factual. At least NC is trying to follow even though we still have 400-500 new case daily.

???? Spin? lol I don't think we're even on the same topic.

I'm talking specific white house and cdc reccomendations, whatever the phase. Nobody is following them. I even told you what metric was closest with NC.

And it is. I disagree that different phases are the only things Americans know. In fact, the White House has a recommendations on when to begin, before any phase is considered (except the beginning of a first phase I suppose...lol).

That NC policy is one of the closest I've seen. Maybe that's why I am agreeing with you even though you talk about spin and factual phases, as if you're arguing.

Weird.

[d2bets]

i'll wager 300 bet points with any PRO here who has the points, that we see SPX 3000 on a closing session at 4 pm eastern time on a day before we see 2200 at the close.

find me via PM.

Oh, I agree with you.

But what abut this? 2,820 now exactly halfway between 2,640 and 3,000. I say sub-2640 close before 3000+ close. Wager?

[chico2663]

Since texas started letting people lax we have had 5 straight days of 1000 infected

[d2bets]

Since texas started letting people lax we have had 5 straight days of 1000 infected

Yep. Areas in Texas becoming hotspots. Shocking.

[homie1975]

Oh, I agree with you.

But what abut this? 2,820 now exactly halfway between 2,640 and 3,000. I say sub-2640 close before 3000+ close. Wager?

no way, D2er

1) you're my buddy
2) you're a sharp cat

last time i wagered with a buddy it was on the SB vs KVBer and he straight took me to the woodshed LOL

i don't bet my buddies.

Slurry is my buddy now, too. you know, come to think of it, most of you in here feel like buddies now


seriously for a minute - i must have heard the SPX support point 2640 from you and it stuck in my head because i keep regurgitating it like a parrot LOL

[DwightShrute]

[d2bets]

huuuuuge crashes today boys. Good luck to everyone. Thankfully tomorrow is thursday and The last 5 Thursday have been positive

Gonna take a big reversal to get this Thursday positive. The "we must retest" crowd might be right.

[Iona]

Earning after the close today:

[Snowball]

Remember it's May options expiration tomorrow
Next week should see much firmer action.

[Iona]

Remember it's May options expiration tomorrow
Next week should see much firmer action.

By " Much firmer" do you mean less volatility ?

[d2bets]

Dow chart is not in trouble at all.

Expect a rebound soon - not a true bearish reassignment.

1,000+ points later is the Dow still not in trouble at all?

[d2bets]

Trump inner circle banking hundreds of millions on insider pre-knowledge options today.

How much has the Trump inner circle banked in the last few months?

[Madison]

Plunge protection team to the rescue in 3.....2.......1....

Learned about this team from Greaser.

Greaser check in buddy!

Makes me laugh. I believe the PPT was coined circa 2008. I was very heavily invested short and learned to hate that term.

[Madison]

This virus shows how really sad Americans have become. How fukking greedy corporations are, like airlines. How income inequality is so dangerous during times like this. All we do is spend spend and spend some more. What happened to being frugal? Does anyone save for rainy days anymore the way i was brought up. When millions of Americans don't even have 400.00 in reserve says something is wrong with our system. I live on a very nice residual income but reading about so many Americans out of work and going to food banks in the U.S. is pretty depressing...The whole countries attitude when it comes to income inequality needs to be addressed. jmo.

Couldn't agree more. WTF have we created when 40% of the population is down to their last $100. Third world versus the multi-rich. Reminds me of Miami in the 80's. Millionaires mere blocks from poverty.

[homie1975]

Makes me laugh. I believe the PPT was coined circa 2008. I was very heavily invested short and learned to hate that term.

might have been coined after 87 crash during reagan presidency.

this admin has learned from prior ones that you must throw everything at it. everything. do not spare a nickel or you might regret it

[Madison]

might have been coined after 87 crash during reagan presidency.

this admin has learned from prior ones that you must throw everything at it. everything. do not spare a nickel or you might regret it

LOL, you may be right, but I was young in 87 and still gambling with stocks and other vices most of us have.

[Iona]

Earnings before the open tomorrow:

[Snowball]

Bxp spg frt bottoms in

[ex50warrior]

Makes me laugh. I believe the PPT was coined circa 2008. I was very heavily invested short and learned to hate that term.

Yep. A short-seller armed with the best market knowledge, wisdom, and logic is no match against the PPT and central banks.

[Snowball]