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Pharazon2

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The initial drop from +400 to around 0 was due to the NY shutdown. After the Trump et al briefing things kind of drifted between -200 to +100ish for a long while. The bigger selling wasn't until the last couple hours.

Yeah I've heard rumors of further lockdowns coming soon. Thought of buying some today but ultimately those rumors kept me from pulling the trigger.
 
Furry

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We've been getting so monday slaughters over the last month. I think some panic about the upcoming weekend is a likely explanation.

Plus it seems like the gov is [rightly] finally realizing it needs to think about the economy from a people level and just let stocks crater. They'll go back up eventually, and trying to make them go up now is a futile effort. I still think the fed has been playing this wrong, but from a congress/presidential level, it's being played better than I thought it was last week.
 
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Blazin

Blazin

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Futures did dip further and took out Thursday morning low, sitting at it right now. We will likely get a slew of shutdowns this weekend coupled with big jump in numbers from testing, so my money is on more red.

The fact the VIX dropped over 8% on a down 5% (not sure that has ever happened to such a degree before) is a silver lining that we may have further to fall but some panic is starting to come out of the market. But a VIX in the mid 60s is still quite high.
 
Khane

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Big jump in confirmed cases due to testing. Big jump in unemployment numbers because of shelter in place mandates. Next week should be fun.
 
Blazin

Blazin

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We did have a firm blow up today and have it's holding liquidated

finance.yahoo.com

CME Group Statement on Ronin, LLC

CME Group today confirmed that, pursuant to its rules, CME Clearing auctioned off portfolios of Ronin, LLC. The auction process was completed this morning, March 20, 2020. Though Ronin is a direct clearing member, it does not handle customer business; and no clients were impacted by the auction...
finance.yahoo.com finance.yahoo.com
 
Ravishing

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Mist said:
Stonks were doing good until Trump opened his fucking mouth.
Click to expand...
Today was never ending green. Holding through the weekend is foolish.

So glad I sold DIS / X / XOM yesterday. Holding small stakes in a few things, was actually up 1% lol.

DIS closed at $86, sold it at $96 yesterday. The time to sell was this AM when things spiked, unfortunately I missed it or I woulda sold more.
 
Sanrith Descartes

Sanrith Descartes

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Sadly I picked a bad day to be pre-occupied with the absolute disaster that piece of shit Cuomo has created. Shutdown the world's 12th largest economy indefinitely. I have an incredibly low opinion of elected officials and yet somehow the stupidity of this still amazes me. What the fuck does he think is going to happen when he let's criminals out of jail and shuts down the economy where millions of people live paycheck to paycheck?

My portfolio is truly one of my minor concerns. Finding a store that still has ammo in stock is my priority these days. Anyone who thinks I am fearmongering needs to go Google what happens during blackouts and other issues in NYC.
 
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Khane

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Sanrith Descartes said:
Sadly I picked a bad day to be pre-occupied with the absolute disaster that piece of shit Cuomo has created. Shutdown the world's 12th largest economy indefinitely. I have an incredibly low opinion of elected officials and yet somehow the stupidity of this still amazes me. What the fuck does he think is going to happen when he let's criminals out of jail and shuts down the economy where millions of people live paycheck to paycheck?

My portfolio is truly one of my minor concerns. Finding a store that still has ammo in stock is my priority these days. Anyone who thinks I am fearmongering needs to go Google what happens during blackouts and other issues in NYC.
Click to expand...

2003
In New York City, six deaths were reported: Two from carbon monoxide, two from fire, one from a fall off a roof while breaking into a shoe store, and one from a heart attack after climbing stairs.
Click to expand...

2019
No injuries or fatalities were reported during the outage.
Click to expand...

2020 NYC ain't 1970s NYC or 1990s Brooklyn. You're showing your age!!!
 
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Jimbolini

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Goddamn casinos closed....I got the itch!

I put 1000 in Robinhood account and ready to blow it.

What do I buy Monday? I'm an idiot and don't mind losing...just want action.

Advice?
 
Furry

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Will be interesting to see where futures go. That stimulus is huge, but looks to be strongly bottom up (as it should be), with loans for businesses rather than bailouts.

I'm curious where the text will end up and if it leaves a lot of questions on the table for large industries. It's way too early to be bailing them out anyways, so they should be made to wait. That said, I can definitely see the market reacting poorly to the truth of that.
 
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Sanrith Descartes

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Jimbolini said:
Goddamn casinos closed....I got the itch!

I put 1000 in Robinhood account and ready to blow it.

What do I buy Monday? I'm an idiot and don't mind losing...just want action.

Advice?
Click to expand...
Get your money the fuck out of Robinhood now.
 
Sanrith Descartes

Sanrith Descartes

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I'm calling this now. Partisan Congress will decide to not agree and House and Senate both make their own bills. This leads to days if not weeks of delays to amend, reconcile etc. If this happens markets are fucked. And this will happen because they will just blame each while not being impacted by the catering economy.
 
Sanrith Descartes

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We have no Senate bill due to partisan politics and futures open in 5 minutes. Cant wait.
 
Pops

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A Chicago commodity clearinghouse blew up, was blamed on the crazy Vix trading.
 
Sanrith Descartes

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Blazin Blazin so looking at QQQ with us at limit down on the indexes I see some minor support at $157 and then an elevator on down to the 2018 xmas-eve low at $144. And God forbid we blow through that we are looking at summer 2017 support of $135.

Do you agree with what I see?
 
Blazin

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Yeah QQQ has really held up a lot better than overall market so it's harder to pick support levels based on what S&P is doing. I see some messy support at $160 if that breaks then yes looking at low $140s. If QQQ gets there we will probably mean SPY will have broke $200 level. That is around the level I'll be all in, outside of choosing to borrow. Then the long sitting and waiting begins, I'm really looking forward to it becaues I haven't had a break from the market in a long time. Once I'm all in I won't even be looking at it which can be a welcome change after so much volatility.
 
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