Talking Stocks 2.0

[m j b]

Thanks everyone for the information.

I was watching the Asian market report on CNBC last night, and it was interesting. We'll see how the US markets open and what they do today. According to Google: "European markets are sharply lower today with shares in France off the most. The CAC 40 is down 8.44% while Germany's DAX is off 7.16% and London's FTSE 100 is lower by 6.44%.". As of 7:35 EST.

It's so darn hard to pick a bottom - my totally reliable method is (in hindsight) when I lose all faith and capitulate my portfolio. My last sale is the indicator that we have reached the bottom.

This same method has worked well for selling cars and Rolex watches as well. If you want to make money, do the opposite of what I do. I would LOL if it weren't so sad.

[maximus1]

Silver is getting crushed down another 19% this morning.

[beshannon]

Dueling analysts this morning S&P 2000 is a target for some, not that low for others, that would equate to ~16500 on the DOW

[SMD]

Originally Posted by beshannon

Dueling analysts this morning S&P 2000 is a target for some, not that low for others, that would equate to ~16500 on the DOW

Easily possible, I would say more probable than not.

[Bearxj86]

Goldman’s forecast is trough at 2000 and recover to 3200 by year end. They blaming the youngins with no stomach

[beshannon]

Originally Posted by SMD

Easily possible, I would say more probable than not.

Agreed, and I have been watching the December 2018 low of 2467 as a first line of support

Originally Posted by bearxj86

Goldman’s forecast is trough at 2000 and recover to 3200 by year end. They blaming the youngins with no stomach

Not interested in blame, this is total risk off, hedge funds, etf's and managed funds are all facing liquidations.

[pickettt]

Originally Posted by maximus1

Silver is getting crushed down another 19% this morning.

Bullion is selling out at my regular channels

[GB-man]

Originally Posted by pickettt

Bullion is selling out at my regular channels

Metals getting murdered. Cash raise. I stupidly bought some gold 10% ago lol going to hold as it’s a trivial amount.

[Bearxj86]

Trying to live by the Buffet quote "the stock market in the short term is a voting machine, and in the long-term a weighing machine". Important to look through the emotions and panic to find true value.

[77T]

Originally Posted by beshannon

Limit down this morning, a lot of info to digest.

Need to see how the markets respond at 10:00 before making decisions

Probably sound idea.

I will say this:
We will blow by -7% at open.
Could blow by -13% by 9:46
And close trading for the day at -20% by 10:01.

If you’re a trader good luck.


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[beshannon]

Originally Posted by 77T

Probably sound idea.

I will say this:
We will blow by -7% at open.
Could blow by -13% by 9:46
And close trading for the day at -20% by 10:01.

If you’re a trader good luck.


Sent from my iPhone using Tapatalk Pro

Trading halt the very minute the market opened, the previous two halts took a few minutes WOW

[Bearxj86]

Gold was down 15% too...

I get people really want their cash for liquidity - makes sense. Need the cash for working capital. I would imagine most corporations need their $$$ now. Fire sale on assets.

[Bearxj86]

Ok 15 mins countdown- wrist watch check? I guess my overpriced green money rubber band is telling me to...wait




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[Patton250]

Time to shut down the stock market since people seem intent to sell the country into the dark ages. Just shut it off for a month.

[Bearxj86]

Originally Posted by Patton250

Time to shut down the stock market since people seem intent to sell the country into the dark ages. Just shut it off for a month.

As much as I would love even a week long circuit breaker, can't do that. It's such a measure of liquidity that such a move would create financial Armageddon. Some people truly need their cash back to buy food, supplies, pay their workers, pay utilities.

[037]

Originally Posted by Patton250

Time to shut down the stock market since people seem intent to sell the country into the dark ages. Just shut it off for a month.

Shutting it off for a month wouldn't change the outcome. It's better to know what's going on than to be in the dark.

[beshannon]

Originally Posted by bearxj86

As much as I would love even a week long circuit breaker, can't do that. It's such a measure of liquidity that such a move would create financial Armageddon. Some people truly need their cash back to buy food, supplies, pay their workers, pay utilities.

Originally Posted by 037

Shutting it off for a month wouldn't change the outcome. It's better to know what's going on than to be in the dark.

Completely agree.

Closing the markets only creates more uncertainty. That would be a disaster and a really, really bad idea.

[beshannon]

Originally Posted by maximus1

Silver is getting crushed down another 19% this morning.

Originally Posted by GB-man

Metals getting murdered. Cash raise. I stupidly bought some gold 10% ago lol going to hold as it’s a trivial amount.

Originally Posted by bearxj86

Gold was down 15% too...

I get people really want their cash for liquidity - makes sense. Need the cash for working capital. I would imagine most corporations need their $$$ now. Fire sale on assets.

Massive deflation trade and this exposes the fundamental flaw in hard assets.

[beshannon]

Down ~2800 this is the beginning of the panic sell that the market needs to begin to bottom

VIX finally opened at ~76

Next trading halt just above 2018 low

[EEpro]

Silver at $12.50! Good luck getting physical at that price.

[pickettt]

Originally Posted by EEpro

Silver at $12.50! Good luck getting physical at that price.

Not gonna happen.

[GB-man]

Originally Posted by bearxj86

Gold was down 15% too...

I get people really want their cash for liquidity - makes sense. Need the cash for working capital. I would imagine most corporations need their $$$ now. Fire sale on assets.

If I’m not mistaken it only looks to be down about 4% today...so far lol

[pickettt]

Originally Posted by GB-man

Metals getting murdered. Cash raise. I stupidly bought some gold 10% ago lol going to hold as it’s a trivial amount.

Hold it.

[Patton250]

Originally Posted by bearxj86

As much as I would love even a week long circuit breaker, can't do that. It's such a measure of liquidity that such a move would create financial Armageddon. Some people truly need their cash back to buy food, supplies, pay their workers, pay utilities.

We are already in financial Armageddon. The playing field is not normal because all business will been shut down. Anyway it’s too late. Go ahead and sell off the the entire country’s 401(k). They are going to do it anyway.

[mountainjogger]

Originally Posted by Patton250

Time to shut down the stock market since people seem intent to sell the country into the dark ages. Just shut it off for a month.

Understand your argument, but I think that would make people panic a lot more.

[GB-man]

Just read one of the craziest headlines I’ve seen in my life “Germany seals off its borders”

[mountainjogger]

Originally Posted by Patton250

We are already in financial Armageddon. The playing field is not normal because all business will been shut down. Anyway it’s too late. Go ahead and sell off the the entire country’s 401(k). They are going to do it anyway.

Brett:

All business will not be shut down.

Not. Going. To happen.

Some business will take a beating. Some will profit.

This has happened before. And we are still here.

Stay safe.

[Kowaco]

Originally Posted by beshannon

Dueling analysts this morning S&P 2000 is a target for some, not that low for others, that would equate to ~16500 on the DOW

Those numbers are what I’m thinking only because I know how much I underestimated 2008.


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[EEpro]

Originally Posted by pickettt

Not gonna happen.

The paper / physical decoupling has begun.

[EEpro]

Originally Posted by GB-man

Metals getting murdered. Cash raise. I stupidly bought some gold 10% ago lol going to hold as it’s a trivial amount.

When it gets panic sold to the 1200-1300 range you can double down before you make 300%.