IMF calls Argentine debt ‘unsustainable,’ says bondholders must help resolve crisis

https://www.reuters.com/article/us-argentina-imf/imf-says-argentine-debt-unsustainable-calls-on-bondholders-to-help-resolve-crisis-idUSKBN20D2P0

My heart bleeds for em! 🙂

Looks like you’re right about the bottom for today as it seems the PPT may have arrived to test the resolve of the sellers and try to reverse the enthusiasm in the pm’s and pm shares, although it’s still pretty volatile.

I see the VXX is up about 5%

You could be right about another ugly Friday, which would be what? 3rd or 4th in a row?

ignored all the virus news…so why now??

Anyway another sign of a top==Morgan Stanley buys E-trade for a 30% premium…

.but this sudden drop is an earnest of things to come….looks like a bottoms in for now…gotta watch the last hour…

So will this be a 1987 rerun–tomorrow down hard…then sunday nite starts a world-wide crash?

Re SM

I think that was the news from Korea telling the 800 Apple supplier workers to stay home…as they have 1 positive test, on a worker…..

See my post mini Mike hasn’t a hope….I knew all about him yrs ago and if I knew everyone knew…..most of the women he hit on were well educated, bright girls and he pissed ’em all off big time.

If he ain’t careful, some smart lawyer might arrange a group hit, demanding new damages, if he hangs around.

The SM sure suddenly fell out of bed. That was unexpected.

What’s nice is that pm’s and more importantly, pm shares are being bought across the board on heavy volume. Led by Newmont.

Interesting … and all those women would come out before the election and skewer him. “They just didn’t like his jokes” LOL

It’s only his giant ego and piles of cash which convinced him he has a chance.

That said … at least he’s not a socialist or communist …

Bloomberg was rolling his eyes a lot,clearly the rest had no idea what their pie in the sky would cost..

he’s the only one following the facts with some logic on crime, minority cause & effect yet the rest are playing to the underdog position “Im poor and deserving ,Im just like you ” …He was clearly out of the majority .which has the votes but not solutions ….The Party will split 90-10  between Capitalist and Communist ..Bernie has the votes ,but No idea how to Govern successfully ….He hasent got a clue….Trump just needs to sit back and watch them self destruct …..while Bloomberg rolls his eyes….He’s got to be thinking “What the hell am I doing here !”

mini mickey is done by the looks of it……not surprised, my wife had a girls lunch with a number of City people, one a French girl had worked at Bloomberg some time before and was still spitting at his behavior. He tried to treat all his female employees, who were all pretty good looking, as his personal harem…….The Donald will no doubt have chapter and verse .

How dangerous is the Coronavirus to the population of the world … on a scale of 1 to 10 with 1 being the least and 10 being the most?

Six (18%, 8 Votes)
Eight (18%, 8 Votes)
Two (16%, 7 Votes)
Four (16%, 7 Votes)
One (11%, 5 Votes)
Three (9%, 4 Votes)
Five (7%, 3 Votes)
Ten (4%, 2 Votes)
Nine (2%, 1 Votes)
Seven (0%, 0 Votes)
Total Voters: 45

https://www.comdirect.de/inf/indizes/detail/chart_big_kd.html?ID_NOTATION=1288094&timeSpan=1D&chartType=candle&openerPageId=indizes.detail.chart_kd.middle&BRANCHEN_FILTER=false&ID_NOTATION_INDEX=&fromDate=23.10.2012&toDate=24.10.2012&interactivequotes=false&useFixAverage=true&fixAverage0=0&fixAverage1=0&freeAverage0=&freeAverage1=&freeAverage2=&chartIndicator=&indicatorsBelowChart=VOLUME&indicatorsBelowChart=#fromDate=19.02.2020&timeSpan=10D&toDate=20.02.2020&e&

It’s gonna be a good day.

Encouraging to see NEM break out. That’ll attract some attention and get the MOMO traders buying!

First Majestic getting it all back! Good job! 🙂

No guts no glory!

Look at the General….that is leading the charge and that will encourage a lot of money looking to diversify, in front of the virus.

But of course the scum are still sitting on AG….

The way the silver share are trading, it seems like maybe silver might make a comeback today.

HUI is finally tearing away from the anchor of 235 that has held us back for years now.

Hoping that mean we get an explosion straight to 290

Coeur Reports Fourth Quarter and Full-Year 2019 Results

$250.8 million impairment, and temporarily suspending mining and processing activities at Silvertip – Reduction in carrying value to $150.0 million and temporary suspension of mining and processing activities driven by further deterioration in zinc and lead market conditions as well as processing facility-related challenges. The Company plans to (i) double its exploration investment in 2020 to potentially further expand the resource and extend the mine life, and (ii) pursue a mill expansion to improve the asset’s cost structure and its ability to deliver sustainable cash flow

https://finance.yahoo.com/news/coeur-reports-fourth-quarter-full-213000944.html

Looking good, even with silver down a little, the shares continue to be on the warpath.

First Majestic having a reversal of fortune. 🙂

In this environment adding beta or Growth/Tech exposure carries too much risk in QDS’s view.  Instead investors should consider rotating out of their most stretched single-stock positions and into call options . . . ”

Seriously?!?

The typical retail investor is a 35-75 year old middle class or upper-middle class guy or gal with funds in a tax-deferred IRA or 401K account.  Their portfolio is 80% low load stock index fund and 20% bond fund.  Most also have a considerable equity stake in their house or condo.  Over the past ten years they’ve done extremely well with their set-it-and-forget-it long haul investment strategy and see no reason to change course.  They consider themselves financially savvy.

If anything were to happen and their investments took a 50% hit they’d scream bloody murder and DEMAND that the authorities “fix this mess”.  They’d feel cheated out of their hard-saved money.  They’d blame the President, Congress, the Fed, Wall Street, subprime borrowers, short sellers, the Russians, illegal immigrants, and Spongebob Squarepants.  They’d blame everyone but themselves.  “They stole my life’s savings!”  would be the hue and cry.  We’ve seen this movie before.

Coronavirus Deaths Outside China Surge Overnight As South Korean City Faces “Unprecedented Crisis”

https://www.zerohedge.com/geopolitical/coronavirus-deaths-outside-china-surge-overnight-explosion-new-cases-suggests-outbreak