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 ...
The algorithms are taking over. Skynet doesn’t care about human feelings.
Good grief.
Silver was close to $19.00 an ounce on 02/24. It's sitting at
$11.95 right now.
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.
Like the other poster offered, the market is completely controlled by computers and algorithms who could care less about anything except making fractions of a penny a million times a day while buying and selling to each other.
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* Gas here down to 1.95.
* Unemployment filing from 6500 to 70,000 (7th largest pop.U.S)
* = Demand is being hammered.
That seems kind of counter-intuitive to my non-expert mind.
Dow is tanking because Saudi Arabia cranked up oil production and oil fell late afternoon to $20 a barrel.
Thanks for posting.
If its not in your hand and you are not able to defend it with a gun, YOU dont own it. - slightly paraphrasing Ann Barnhardt
What does it all come down to? To be, or not to be.
535+++++ vs 330 MILLION
Who created this Fitna?
Australia and other Asian currencies as well.
I was very defensively positioned and was net zero until TLT started going down.
I have an FXE and FXI short that I bought at the end of feb when the options were still cheap. They have gained a lot but the bid/ask is so huge that they are not liquid, esp fXI.
They have run the entire 2008 playbook this week and it is only Wed ! Trillions in new US govt spending, zero rates, massive Fed repo, guarantee money market funds, dollar swaps with the other central banks... and on and on
If a global shock were to start a global Depression, this is what it would look like.
Dow 30,000 was a bull$hit bubble to begin with, a result of the Fed’s response to the 2008 “crash” — QE1, QE2, QE3, QEInfinity....
The Fed created $5 trillion out of thin air, in a $15 trillion economy. Monopoly money. A lot of that went into equities.
What’s the true valuation? Who can say when central banks are so actively inflating?
“Don’t fight the FED” is a rule I’ve learned well. This is a buying opportunity, because the FED is inflating again big time.
Eventually, their antics won’t work, and it all crashes big time for good. But, until then, don’t fight the FED.
Now Money Market Mutual Funds are needing to be backstopped by the Fed before they “bust the $1.”:
https://www.cnbc.com/2020/03/19/fed-to-shore-up-prime-money-market-funds-amid-wall-street-rout.html
also, gold back down to august 2019 levels ($1472/oz)
(not sure why that would happen under these circumstances...)
Whew! Are we glad we squandered our 401K years ago.
They closed a lot of other things, may as well close the markets.
“” “” Dont fight the FED is a rule Ive learned well. This is a buying opportunity, because the FED is inflating again big time.”” “”
Buy one bottom and get another three for free!
Margin Call (2011) - Senior Partners Emergency Meeting [HD 1080p] (Re-Upload / Audio Fixed)
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