Financial topics

Investments, gold, currencies, surviving after a financial meltdown
John
Posts: 11501
Joined: Sat Sep 20, 2008 12:10 pm
Location: Cambridge, MA USA
Contact:

Re: Financial topics

Post by John »

** 13-Mar-2020 World View: Short squeeze
Higgenbotham wrote: > In assessing my strategy at day end, given the volatility, the
> scale should probably have been set at 15 or 20 points instead of
> 10.
For what it's worth, I watched Trump's press conference this afternoon
on CNBC, and when it was Jim Cramer's turn to comment on it, he made
sure to say several times that the market on Friday ended with a short
squeeze, and that he wanted to make sure that everybody, including all
the listeners, were aware of this.
Higgenbotham
Posts: 7999
Joined: Wed Sep 24, 2008 11:28 pm

Re: Financial topics

Post by Higgenbotham »

John wrote:** 13-Mar-2020 World View: Short squeeze
Higgenbotham wrote: > In assessing my strategy at day end, given the volatility, the
> scale should probably have been set at 15 or 20 points instead of
> 10.
For what it's worth, I watched Trump's press conference this afternoon
on CNBC, and when it was Jim Cramer's turn to comment on it, he made
sure to say several times that the market on Friday ended with a short
squeeze, and that he wanted to make sure that everybody, including all
the listeners, were aware of this.
Do you know what his point was in emphasizing that there was a short squeeze?

Was he trying to point out that it was just a bear market rally in an ongoing downtrend?

Or was he trying to say shorts need to be careful as there is more squeeze coming?

Or something else?
While the periphery breaks down rather slowly at first, the capital cities of the hegemon should collapse suddenly and violently.
John
Posts: 11501
Joined: Sat Sep 20, 2008 12:10 pm
Location: Cambridge, MA USA
Contact:

Re: Financial topics

Post by John »

** 13-Mar-2020 World View: Cramer's Short squeeze
Higgenbotham wrote: > Do you know what his point was in emphasizing that there was a
> short squeeze?

> Was he trying to point out that it was just a bear market rally in
> an ongoing downtrend?

> Or was he trying to say shorts need to be careful as there is more
> squeeze coming?

> Or something else?
I listened to my recording of the show. It seems he wanted to make
the point that he was very impressed by the cooperation of Walmart,
CVS, etc., in the testing program, and it was their cooperation that
resulted in a short squeeze. He wanted to make sure that everyone
understood that's why the market went up. His last words were, "Short
squeeze at the end, we know that, so let's not get too crazy."
Higgenbotham
Posts: 7999
Joined: Wed Sep 24, 2008 11:28 pm

Re: Financial topics

Post by Higgenbotham »

This is the type of thing that I believe only happens during a Generational Crisis period:
Delta CEO Ed Bastian plans to forgo 100% of salary because of coronavirus

CNBC's Phil LeBeau reports on Delta Air Lines' announcement that the company's CEO has decided to forgo his entire salary to help counteract the financial losses due to the coronavirus outbreak.
Hearkening back to the FDR dollar a year men.
While the periphery breaks down rather slowly at first, the capital cities of the hegemon should collapse suddenly and violently.
Higgenbotham
Posts: 7999
Joined: Wed Sep 24, 2008 11:28 pm

Re: Financial topics

Post by Higgenbotham »

https://youtu.be/jNQustl7G28?t=78

https://youtu.be/jNQustl7G28?t=303

Cramer's conclusion on today's short covering rally and what will happen going forward. He doesn't sound optimistic.

"I hate that kind of a Friday rally because it is not sustainable."
While the periphery breaks down rather slowly at first, the capital cities of the hegemon should collapse suddenly and violently.
Higgenbotham
Posts: 7999
Joined: Wed Sep 24, 2008 11:28 pm

Re: Financial topics

Post by Higgenbotham »

Looking at a few other videos posted on CNBC's youtube site, in my opinion, the wrong questions are being asked on CNBC today.

The questions they are asking folks like Carl Icahn, Howard Marks, etc., are "Where would you buy?" or "Is it time to buy?" or "Are you buying?", etc.

In my opinion, the right questions to ask are, "Where would you sell?" or "If we got a late day short covering rally to 2700 today would you sell?", etc.
While the periphery breaks down rather slowly at first, the capital cities of the hegemon should collapse suddenly and violently.
aeden
Posts: 14004
Joined: Sat Jul 31, 2010 12:34 pm

Re: Financial topics

Post by aeden »

H you are Lion. We will keep the lines open for commerce God willing only.

https://www.zerohedge.com/s3/files/styl ... k=D5N-Ndog

Only one way to break a circle.

Trust

“We will see more cases and things will get worse than they are right now. How much worse they get will depend on our ability to do two things: To contain the influx of people who are infected coming from the outside and the ability to contain and mitigate within our own country. Bottom line, it’s going to get worse.” he added.
https://www.zerohedge.com/political/dem ... irus-sprea

FDR knew what had to be done. No one was happy and what was before that was slow death by fiat.
Higgenbotham
Posts: 7999
Joined: Wed Sep 24, 2008 11:28 pm

Re: Financial topics

Post by Higgenbotham »

Something is seriously messed up.

The gold silver ratio hit a record of 104 today.

https://www.kitco.com/news/2020-03-12/H ... of-us.html
While the periphery breaks down rather slowly at first, the capital cities of the hegemon should collapse suddenly and violently.
aeden
Posts: 14004
Joined: Sat Jul 31, 2010 12:34 pm

Re: Financial topics

Post by aeden »

Yes march sweeps for dislocation.
67 percent cash today

took delivery and option on silver also

our curse is being right and doing the right thing now H

we are in the snow drift paradox from game theory as such

the leaves always fall

The snow drift game theory is in play.
VWAP is used to identify liquidity points.
Snowdrift Dilemma, a metaphor from game theory - the study of strategic decision making -.
pretext: Sat Jan 11, 2020 1:13 am

have i made mistakes

yes

.99019 tracking trend on bot -- hunter - seeker - inception date Mon Nov 16, 2009 7:13 pm Observation: Farming Culture -ALG's lucust's Vs. Hunter Culture - DCA seekers. The spread error "mine" since all math is wrong was a feature since the paper tiger files.

======================================================================================================
We will start the query for DCF flows since the river was lowered. The sun came up and fair trade will serve.
Those behind the great firewall we will pray for you. Mon Aug 26, 2019 12:15 pm
======================================================================================================
No they will not understand who we serve

still they do harm in our condition

psychopaths
first breath - kill it

focus on solutions
not problems
still
they are insane and do not want to help pain to others


effective tax rate is known
2x of 10 percent to keep people alive on levels ignored

https://www.youtube.com/watch?v=wwvLlEtxX3o

http://ponerology.com/
Last edited by aeden on Sat Mar 14, 2020 10:29 am, edited 1 time in total.
vincecate
Posts: 2403
Joined: Mon May 10, 2010 7:11 am
Location: Anguilla
Contact:

Re: Financial topics

Post by vincecate »

Higgenbotham wrote:Something is seriously messed up.

The gold silver ratio hit a record of 104 today.
Silver is also an industrial metal. If the world economy is shutting down then probably people assume the demand will be down.

At some point silver will also be seen as a monetary metal and the price will go up. But we may need to see inflation kick up first.
Post Reply

Who is online

Users browsing this forum: Bing [Bot] and 1 guest