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Markets closed, down we go again, we'll see what The Donald has to say, shortly. https://i.imgur.com/3S1bT4n.png D. |
'Cash Is King' right now ❗
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Another black Friday on its way...another announcement say from Europe or Mr trump.and the guys that have lost their 4 or 5 percent the last three days are gonna cut their losses and bail. Sure should any way if you been enjoying this big run up of the markets and gained your 20 percent you better take your profits boys. Just sayin.... See where we are next week.👇
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Co worker of mine who is set to retire at the end of March is taking a beating on his pension right now. Says he’s losing roughly 45k per day over the last week and a half. nothing like a Little added stress before retirement.
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CDC confirms first possible community transmission of coronavirus in US
If the Coronavirus get ahold and spread in California .
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I honestly think the dow could hit 22,000
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whats a good DOW etf index fund?
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If anyone can read Financial Times, there is supposedly a great article there now, but I am not a subscriber and can’t read it. If someone can and doesn’t mind copy-pasting, I would greatly appreciate it. I am sure others will too. Here is the article:
Markets are too complacent about coronavirus despite sell-off It’s thoughts of Nouriel Roubini, aka Dr. Doom. Thanks. |
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If a guy is looking for a safe time to get back in focus on the level on the VIX. We need a week or so of it under 20 ish before all clear imo. Watch trading volumes. Wait for the selling pressure to exhaust itself. Be patient. Look back at 2008-09 period, market bottoms take time and don’t worry about missing a few points by trying to pick the bottom. This thing could be over next week or stretch over several months. Have some rules and a shopping list ready if you are looking at individual stocks. All just my opinions. |
Looks like another 1000 pt drop today, futures down 500
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The markets just opened, but the spiral downward continues. It's nice to be sitting on the sidelines watching today.
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Watch Amazon if you want to see a wild ride over next few months. China can no longer deliver All the products that Amazon buys and puts into cardboard boxes. Amazon also has be impact on the DOW.
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Expect emergency rate cuts and more helicopter money any day from the US Fed. The bond market is pricing in a major disruption, 10 yr US yields have been getting crushed for days and now sit at 1.25%. Bond markets are better than the stock market at sniffing these things out and are acting like another 1928 or 2008 event is here perhaps?
And Trump must be going nuts after his appointment of the VP yesterday to fight the virus failed to halt the market slide. Meanwhile in Canada we have Truly Clueless slowly crushing the Canadian economy with his lack of leadership, I don't even think the effects of the virus have crossed his little brain yet, to busy trying to not hurt any feelings....Yeah were screwed! Enjoy the elevator ride down. |
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And for those inclined to read too much into this. No I don't think banks are going to collapse in a few days or a month or even a few months. My concern is that this virus will reek havoc on economy for a year or more. The whipsaw battle between containing this virus and maintaining an economy and supply chain is going to be TOUGH based what I've observed over the last month. This virus spreads very efficiently and is more nasty than most are giving it credit for. Interesting to see a bunch of top Iranian officials are now confirmed infected. I foresee some instability in Iran as a lot of their leaders are in the older demographic. Concerning times. |
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