Financial topics

[John]

** 02-Mar-2020 World View: Central bank coordination

> Well I am surprised. I really thought we would be down big for a
> Black Monday thing. I may sell some gold and get some more S&P
> puts...

Many people believe that there has been or will be a coordinated
effort by multiple central banks to inject liquidity into the stock
market to keep prices up.

https://www.marketwatch.com/story/us-st ... 2020-03-01

[Higgenbotham]

Well I am surprised. I really thought we would be down big for a Black Monday thing. I may sell some gold and get some more S&P puts...

I'm surprised too, but maybe it will take a few more weeks for panic to develop.

I kept the 10 lots I sold at 2989 at day end Friday and traded 12K out of the market so far today. I hope to add another 10 lots if I can find the high of this retrace. If today's 3039 was it, I missed it.



In the above OTE refers to open trade equity on the 10 lot position from 2989 while Real P&L refers to profit and loss on positions that were closed today (day trades in this case as the buys and sells are equal numbers at 65).

[Higgenbotham]

The market is sitting around the July 2019 high. I think this area is important too because in my opinion July 2019 should have been the top and would have had the Fed not gone crazy and counterfeited additional money right near the top of the market.

[aeden]

https://www.youtube.com/watch?v=xhAVeFQT1KY

The pain is just starting.

The closest bat virus sequence is really not close at all.

The it was asked what bat was used.

RNA don’t lie. b

http://virological.org/t/tackling-rumor ... 4smgNjA3wY

https://science.sciencemag.org/content/ ... 1/976.long Koel et al. (p. 976) show that major antigenic change can be caused by single amino acid
https://uploads.disquscdn.com/images/12 ... 2547c3.jpg
https://science.sciencemag.org/content/ ... 2/655.full
https://www.ncbi.nlm.nih.gov/pubmed/17272724
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3634032/

They found a way if we like it or not. Stay six feet away as Dr. Boyle noted.

https://www.youtube.com/watch?v=X3H5Lx6rOgg

, and Hell followed with him.

[aeden]

https://www.zerohedge.com/markets/what- ... next-crash

https://www.youtube.com/watch?v=sgIfkqSF0Co

[Higgenbotham]

In the similar period to recently (the initial multi day drop), in 2015, I multiplied my account 5 fold working at night, as I had a day job at that time. As the market rallied back up, I was able to increase the size of my position and I took a large short position, covering near the low after the first wave of the retrace rally. Then I took an even larger position on the next rally up. It was here that I got myself in trouble by taking too large a position too soon (by then I was short 20 lots). My broker called me at work around noon and said margins wanted me out by the close if we stayed up at that level. That afternoon the market collapsed and I was able to stay in. Moral of the story is if a retrace wave comes from this area, watch out. It may go higher than you or I would think possible.

I sold 10 more lots this afternoon at 3063. After adding day trading profit on, my first 10 lots is averaged in at 3040. We'll see if that's good enough.

[John]

** 02-Mar-2020 World View: Stocks and bonds meltup

> Yeah, I understand that, but I was referring to the speed with
> which the yield rate crashed which, I understand, was the fastest
> in history. Since we've been talking about a "flashcrash" in
> stock prices, what's the significance of a flashcrash in ten year
> yields?

> Well I am surprised. I really thought we would be down big for a
> Black Monday thing. I may sell some gold and get some more S&P
> puts...

> Many people believe that there has been or will be a coordinated
> effort by multiple central banks to inject liquidity into the
> stock market to keep prices up.

> https://www.marketwatch.com/story/us-st ... 2020-03-01

OK, so here is my guess at what happened today.

According to the gurus, what usually happens is that people sell
stocks and buy bonds, or sell bonds and buy stocks. So at a given
point in time, the prices of stocks and bonds should go in opposite
directions.

Today we had a "flashcrash" in bond yields, which means that bond
prices surged. We also had a huge meltup in stocks. So huge amounts
of new money went into both stocks and bonds.

So where did all that new money come from? Gurus have been talking
all weekend about how central banks around the world were going to
create liquidity in a coordinated fashion.

In my opinion, that's where all those huge amounts of new money came
from.

[aeden]

The wave seen was very high coming in.
I took it as from other than our borders as poor influences which is fact of pagan
customs and degradation of the day of rest we violate from the actual authority
that was taken from His word.
The Beast from the Land and Sea is at hand.
It appears no amount of chastisement or facts will turn it around
and they regard us a unthinking.

Exodus 31:13
Amos 8:5
Malachi 1:13

[Higgenbotham]

Old Economy Steve

http://www.quickmeme.com/Old-Economy-Steven/?upcoming

[richard5za]

** 02-Mar-2020 World View: Stocks and bonds meltup

> Yeah, I understand that, but I was referring to the speed with
> which the yield rate crashed which, I understand, was the fastest
> in history. Since we've been talking about a "flashcrash" in
> stock prices, what's the significance of a flashcrash in ten year
> yields?

> Well I am surprised. I really thought we would be down big for a
> Black Monday thing. I may sell some gold and get some more S&P
> puts...

> Many people believe that there has been or will be a coordinated
> effort by multiple central banks to inject liquidity into the
> stock market to keep prices up.

> https://www.marketwatch.com/story/us-st ... 2020-03-01

OK, so here is my guess at what happened today.

According to the gurus, what usually happens is that people sell
stocks and buy bonds, or sell bonds and buy stocks. So at a given
point in time, the prices of stocks and bonds should go in opposite
directions.

Today we had a "flashcrash" in bond yields, which means that bond
prices surged. We also had a huge meltup in stocks. So huge amounts
of new money went into both stocks and bonds.

So where did all that new money come from? Gurus have been talking
all weekend about how central banks around the world were going to
create liquidity in a coordinated fashion.

In my opinion, that's where all those huge amounts of new money came
from.

These very large market rallies usually happen in a time of market panic, and seldom follow through much at all. There have only been 10 higher days in the last 80 years than yesterday. It may go up again today and tomorrow but the massive rally confirms to me that the break down is on its way. The 5 dma is still well below the 21dma. What I don't know is how far down it will go; perhaps the central bank plan is successful perhaps not. If investors lose faith in stocks the money will go into other safe havens such a gold or immovable property and stocks will continue crashing. Bonds with negative yields are already common in parts of the world