POP!! POP! POP! 😂
Updated
Oh well - only about 5000 points of a massive drop in just over 1 week. People are asking, "Has the bubble popped?".
I go into this in some detail. I think we're at the start of the POP.
This thing is serious though.
I'd like to hear from others if they think this is going back up and to the moon.
I go into this in some detail. I think we're at the start of the POP.
This thing is serious though.
I'd like to hear from others if they think this is going back up and to the moon.
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On Weekend Wall Street:Price collapsed 621 points at one stage - very very unusual for the weekend. screencast.com/t/7nrklUGt
Then there was a slight rebound up to 25200 and price is currently struggling there.
Expect gaps up or down and high volatility at the open of the markets on Sunday night.
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Weekend Wall Street: sudden price collapse down to 25012Note
It's lovely this morning! The DJI pumped north nearly 1000pts as central banks decide to shock to life a 'dying animal'! Oh yes - the animal did jump! 😂There is a thing called reality - China is sick - and economy is dying from the effects of this virus. If it has to return to full health it would take months or possibly years.
Phase one deal is a bum deal! How about phase two... three..four.. etc? It ain't happening!
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The Indians and the Aussies didn't buy the pump.. algos mainly in America, just made their greedy masters a few billion! RIDICULOUS! It's a big game - and you ain't in it! Innit! LOLNote
And.. it was so good the first time round.. they're gonna do it again!Note
2020-03-08 07:27 GMT Maximal dip on DJI so far for the weekend was 700pts (from Friday's close). Mild rebellion after that by 125pts.
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Key Developments:Wall Street collapsed ~700 pts on the weekend (unheard of before). Then a slight rebellion north by 125pts.
Cases surpass 105,000 worldwide; deaths exceed 3,500. The number of deaths from the coronavirus outside China edged toward 500, pushing governments and airlines to curtail travel to and from heavily affected areas.
China death toll rises to 3,097.
Italy curbs travel for northern region around Milan as death toll climbs by 33 overnight to 233.
CPAC attendee was infected; Trump had no contact. Trump said he intends to continue holding large campaign rallies regardless.
Pence urges senior citizens to avoid cruises.
U.S. tests fewer than 6,000 samples.
London Heathrow Baggage Handlers Test Positive for Virus
The International Air Transport Association warned this week that carriers may lose $113 billion in sales this year, almost four times more than its estimate of the epidemic’s impact from just two weeks earlier.
Saudi Arabia plans to increase oil output next month above 10 million barrels a day, as the kingdom responds aggressively to the collapse of its OPEC+ alliance with Russia. Commodities traders see this as all out 'price-war' in the face of a simultaneous supply-and-demand shock.(The virus had caused reduced demand for oil and price to fall. There was some talk about limiting production/supply of oil in response. Now the opposite seems to be happening).
US into a recession at 'peak performance' bloomberg.com/news/articles/2020-03-06/the-u-s-may-already-be-in-a-recession-thanks-to-coronavirus
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BLACK MONDAY LOOMS!Note
Spreads on weekend Wall Street increased to an unprecedented 40 pts (normally it's between 10 and 20; rarely up to 30). This means that somebody is sensing big trouble on Monday! (Just to be clear - this is NOT a prediction!).
FED balance sheet 42% of GDP @ 2020-01-26. Does money have value anymore? [Different perspective on the virus youtu.be/NjTdvALChwk ]
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