it looks like they want to bring back futures-at least now at 8am…this bounce in futures doesn’t rule out a big down day, though…I gotta watch this one…
Apparently they didn’t fix it overnight
I guess the Coronavirus matters this am?
PM’s not exactly soaring, but better than nuttin’
Ipso Aurum
From bioweapons to human trafficking as a weapon. It’s bad enough we have to watch other countries we shouldn’t have to worry about people in our own. I was reading some posts the other day about how two people there are going to leave Virginia because they say illegals are moving in and turning it blue while their at it. Must seem pretty desperate to them because they didn’t even know each other and were talking about meeting up in another state deciding where to go. I didn’t know it was a sanctuary state but they were saying it was.
Aurum I started going across the border well before Irish. Started in the 70s and seen the changes through the years. I won’t go there anymore. I feel bad for the hard working honest citizens and in Mexico they’re now starting to have similar problems with the influx of illegals too. Last time I was there they had police maybe soldier but think they were police walking around with machine guns in the tourist towns.
Tale of two markets – they’ve got all night to fix it
U.S. Stock Futures
S&P |
-10.50 / -0.31% | |||||||||||||||||||
| Level | 3,370.00 | |||||||||||||||||||
| Fair Value | 3,378.90 | |||||||||||||||||||
| Difference | -8.90 | |||||||||||||||||||
|
Data as of 8:02pm ET
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Nasdaq |
-35.50 / -0.37% | |||||||||||||||||||
| Level | 9,590.25 | |||||||||||||||||||
| Fair Value | 9,620.67 |
|
||||||||||||||||||
| Difference | -30.42 | |||||||||||||||||||
|
Data as of 8:02pm ET
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Dow |
-89.00 / -0.30% | |||||||||||||||||||
| Level | 29,434.00 | |||||||||||||||||||
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Data as of 8:02pm ET
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My outlook – I heard my post was not clear on that
Expecting a move up but perhaps a bit more dip first
so have positions for immediate move up but also low bids for the chance to hit if we get a bigger dip
That could change tomorrow though
Surprise Surprise
China Reports Huge Jump In New Coronavirus Infections, Deaths; Stocks Tumble
goldielocks @ 18:12
I’m sure they wouldn’t drive down there without armored cars!
Posted by goldielocks @ 18:12 on February 12, 2020
Someone some of us know – Irish – drove that route and well decided not to elaborate
since I am posting though now mostly a lurker
sold most positions past the last top but still with substantial gains now have entry type small positions so if goes up good
if down not too much pain
Buygold
From a distance the Donald is playing the Dem’s like a violin, he looks to be timing major exposes right in front of the elections, he will likely have perp walks going on right upto the Vote…the Dems will be begging for mercy.
Ipso
This idiots at the house should be made to dive through Mexico to El Salvador without security with they’re designer dog they’ll try to steal too, to sell and anything else not nailed down maybe their wallet too. That is if they come back.
deer79
CONCUR
Our idiot legislators in Washington State
House approves bill to ban expansion of ICE detention facility in Tacoma
Buygold
If it bugs the democrats then it’s OK with me. 🙂 Hope it all pans out, and comes out … must be a real trash heap under the surface!
With all due respect
IMHO, all of these charts that compare today’s stock market action to the late 1930’s, or any other period, just aren’t comparing “ apples to apples.”
In those prior periods, the stock market was comprised of authentic buyers and sellers and a real price was found for derivatives. Today, the algorithms programmed by young graduates of the MIT’s of the world, buy stocks no matter what. There’s no price discovery involved at all.
I always appreciate the posts here and don’t mean any disrespect.
Ipso
yeah, a lot of those who opposed the Clintons are no longer with us to be sure. I don’t know to much about Seth Rich but he sure seems to be a hot topic amongst the conspiracy guys on ZH.
Something is triggering the Demonrats about Roger Stone. Lizzy Borden Warren mentioned him last night in her speech, Chucky Schumer tweeted about him this am, Chris Coons – the best friend of RINO’s in the Senate had an angry interview on FOX news about him at lunch. They must think he knows something, because he’s a relatively small player in the Trump world, I would think and the guys world, like so many others, has been ruined like Flynn, Manafort, etc. by overzealous Demonrat prosecutors.
What’s more interesting is that these prosecutors didn’t just step aside, they resigned from the DOJ altogether, meaning they are afraid of repercussions. All we part of the Mueller Demonrat execution crew. They know how crooked it was, and what’s coming. JMHO.
R640 – SLV
They have to be hedging, can’t be believers can they?
You’re going to get an earful on that one from Captain Hook, and I have to agree with him here.
Gold, especially silver and pm shares looked like garbage today. Course I’m guessing that since Powell talked to the House yesterday, he must have talked to the Senate today, so it had to suck for pm’s no matter what he said. He could have said the sun is shining, we’re doing QE to the moon and pm’s would’ve been hit. That’s the US markets we live in.
Have to agree with eeos on this one, with an exception: at this point $3000, looks like a pipe dream in my lifetime.
Richard640 @ 15:58
They are predictable alright…they are greedy specs both large and small, who are trying to hit it big on silver.
The problem is SLV is not silver, and they are too stupid to realize that, pitting thelselves against the banker’s algos.
If they just bought the real metal and cleared out the now tiny inventory they would trigger their own self-fulfilling prophecy; but again, the money comes to easy to them, which is why they are stupid and continue playing with the banks.
That will change soon enough however.
Cheers
SLV….30,000 LIKE A MAGNET drawing the DOW…could be there tomorrow–stocks to explode in a parabolic endgame blow off??
SLV
I call attention to the SLV March 20 $17 call–today 13,000 calls bought–yesterday it had 43K calls bought
I caLL your attention to the March 20th $18 call with 25,485 calls sold today and an unfathomable 128.646 calls of open interest
Must be some big hedgers?? Big specs?? In SLV these large call vols are seldom predictive–they have been going on in SLV year in and year out
Richard640 @ 15:25
You shouldn’t worry about the deficit. The government has a Magic Checkbook which almost never runs out. Things only go bad when the dreaded Weimar Monster comes around. Then things will get very bad indeed!
Buygold
“who has zero Charisma.”
and he’s white too! Yeah the kids have been conditioned for this all their lives. Sure seems like a planned scheme doesn’t it!
How many enemies of the Clintons have died in mysterious circumstances? Would love to see the truth come out.
This should be good for another 1000 DOW pts to the upside [see the buget deficit below]–I can’t think of a single reason why the stock mkt
stawks should go down…VOL has collapsed to pre-virus levels=conclusion=time to buy some VXX calls…they are free…maybe buy an ole 200 on the close…maybe…
*************************************************************************
This means that the cumulative deficit for the first four months of the year has surged to $389BN, some 25% higher than the $310BN for the comparable period a year ago.
It also means that with a third of fiscal 2020 down, the US deficit was the widest going back all the way to 2011, when the nation was still spending like a drunken sailor under President Obama in response to the financial crisis, and when the final deficit for the full year soared to $1.3 trillion.
Ipso, R640
I don’t blame Bernie for the love affair these kids have with socialism/communism, this started even before Bernie was born with the education system and the Rockefeller’s, Bernie is a vehicle for them and of course all the anarchists and Antifa types. What is surprising is that they would follow a mean old modern day Bolshevik like Bernie, who has zero Charisma.
On another topic, this reduced sentencing and resignations of DOJ prosecutors of Roger Stone is getting really interesting. Senate Demonrats are in a rage about it. Why? All these attorneys were connected to the Mueller investigation, Stone supposedly had connections to Assange. They wanted Stone imprisoned until he died for crimes far less than rape, armed robbery, or drug dealers get, the DOJ said that’s excessive.
What are the Demonrats worried about? Are they afraid Stone has info on the Seth Rich murder. They are petrified of something, seriously petrified.
If Trump gets re-elected, he’ll either really drain the swamp or get assassinated.
R640
Saw my dentist ystdy and asked him about the virus….his attitude is that more chance of dieing falling down stairs, a big non event….fwiw.
He’s damn smart and a v good dentist, in his early forties, so at his peak, taught at major Hospital for a long time.

