R640
“HUI pathetic”
You got that right! Should be much higher. I guess a market like ours which has been horrible for years takes a while for people’s psychology to catch up to a new reality.
9:40 am–2345 puts bought so far on the Feb 28th VXX $15 strike
Maddog—apple down 12 but that’s 11 bucks off the lows….this bounce strikes me as premature…dow we end down 1800 or 250 on the DOW…an exciting day for the bears…the bulls have had about 3000 happy days since 2008…and the bears maybe a dozen…so we gotta make hay while the sun shines…
Scum still around…SSRM smashed for 6 %…..just unreal.
Is that a signal that they will bail the shorts out and hold the SM…..
DOW–Down almost a grand…Crash City
Maddog…yup, it’s becoming a panic as u said…the potential has been there for a long time…the NY FED desk better start buying..
ADVENTURES IN CAPITALISM KUPPYS COMMENTS-=EXTREME COMPLACENCY
EXTREME COMPLACENCY=2-24
Something to think about beforehand
Shops stripped bare in scenes reminiscent of ‘zombie apocalypse’ as coronavirus fears sweep Italy
https://www.rt.com/news/481542-milan-zombie-apocalypse-coronavirus/
Morning Buygold
This looks like the classic left field hook, for yrs now the mkts have assumed the CB’s can bail them out, by printing etc…..well they can’t cure a virus o/n, or for months…..
Whatever this thing is, I have never seen the authorities act so draconially….
By the way I was told by someone who knows that the Insurers will have cut all cover to affected areas, by not stopping cover, but by inserting a new clause that says, if anyone catches the virus, by being in the area,they won;t pay out…so shippers will be liable for all costs of an infected ship.
Looking at how much apple is down=only $11-and the rest of the FANGs down just 3%-and TSLA down
only $45…and the bears carrying on at Zero Hedge…I wonder ifr this will be over quickly??
I’ve been waiting for this day…I knew there was a big payday with the VXX trade…looks like the mkt’s got its ass in a sling for real this time
Too early to buy some of the junk and underperformers?
Laundry list: Junk: GPL, AAU, EXK
Underperformers : AEM, KL (13 P.E.), FSM
I guess if they’ll attack anything today it will be silver, which is also underperforming this am.
So…last night just after the open
for the first 15 minutes or so Kitco had Palladium trading down $464. After that it was corrected back to up a few bucks.
I see palladium is down $34 which is hardly a blip compared to the move.
Just wondering if some of those profits will migrate into pm’s.?
Also – this Coronavirus thing is going to go on for awhile, and if it takes months to find a vaccine, are we seeing just the beginning of a market selloff/pm rally? If so, and gold explodes to say $2K in the next few months, will it then get crushed right back to $1500 when they find a vaccine?
Enquiring minds want to know…
Morning Maddog, R640
Looks like Europe is down 3.5%?
I guess depending on what the PPT does here that could get worse or better.
I wouldn’t have picked a Virus to be the Black Swan for the markets, but apparently it is, and the markets are either in serious fear about it, or the big players are using it as an excuse to sell.
coffee time
Morning Friends
Winedoc
10 yr note probing Triple Bottom
Lowest rate I see is 1.3209 from July 2016, current rate 1.3872…..if that low goes a stampede will be set off.
Early trading here can only be described as a panic……