Jump to content

Markets still falling like whoa


Recommended Posts

I was out a bit today and just about every parking lot for commercial strip malls and bars/restaurants seemed about average for a Saturday afternoon. Probably good for business, but not so good for slowing the spread of the virus. I think the government is going to have to eventually takes steps like you see France and Germany taking to keep people from mingling. fucking sucks. 


That’s where my mind is going with this too. An adult is gonna have to lay down the law on our dumb asses
Link to comment
Share on other sites

I was out a bit today and just about every parking lot for commercial strip malls and bars/restaurants seemed about average for a Saturday afternoon. Probably good for business, but not so good for slowing the spread of the virus. I think the government is going to have to eventually takes steps like you see France and Germany taking to keep people from mingling. fucking sucks. 
This. My brother is ranting about how this is all a government power grab. Who the fuck else is going to enforce it? We sure as shit aren't on our own.
Link to comment
Share on other sites

Trump just talked about replacing the Fed chair because he wants negative interest rates.  Monday might be interesting.
Oh good because it's been so boring.

I'm of the belief Trump won't be able to replace him. It'll be an ugly slog through court if he tries. Would be interesting though to see what precedents are set.
Link to comment
Share on other sites

3 minutes ago, gsoda3 said:

Oh good because it's been so boring.

I'm of the belief Trump won't be able to replace him. It'll be an ugly slog through court if he tries. Would be interesting though to see what precedents are set.

Why would Trump have the legal authority to fire someone at an organization owned jointly by a bunch of banks? The Fed isn't a government agency, it's a private organization.

Link to comment
Share on other sites

Why would Trump have the legal authority to fire someone at an organization owned jointly by a bunch of banks? The Fed isn't a government agency, it's a private organization.
Oh he doesn't have the legal authority to do so. In fact it's quite explicit the president can't remove him at his pleasure. But there might be a small loophole if there's been dereliction of duty. We know Trump isn't scared to press a technicality
Link to comment
Share on other sites

7 hours ago, gsoda3 said:
7 hours ago, Thetexashammer said:
Why would Trump have the legal authority to fire someone at an organization owned jointly by a bunch of banks? The Fed isn't a government agency, it's a private organization.

Oh he doesn't have the legal authority to do so....

He could get that authority depending upon how SCOTUS rules on the CFPB case (decision due this summer, so in a few months).  I posted a link a page back explaining the issue.

  • Like 1
Link to comment
Share on other sites

He could get that authority depending upon how SCOTUS rules on the CFPB case (decision due this summer, so in a few months).  I posted a link a page back explaining the issue.
I missed your post on that. I have my views on that but I won't post them here.
Link to comment
Share on other sites

American Airlines will temporarily ground most of its wide-body fleet as it cuts the vast majority of its international long-haul flying amid the rapidly growing novel coronavirus pandemic.

The temporary fleet change will see the Oneworld alliance carrier send roughly 135 wide-bodies to storage from March 16 through at least May 6, American said late Saturday. The airline flew 150 such aircraft, including Airbus A330 and Boeing 767, 777 and 787 models, at the end of December.

American previously unveiled plans to retire its 767 fleet by May, and its Boeing 757 fleet by mid-2021 in response to the COVID-19 pandemic.

The airline’s fleet reduction comes as it slashes international capacity by 75% from March 16 through May 6. The move will see American suspend nearly all of its long-haul routes operated by wide-body jets to Asia, Australia, Europe and South America.

American plans to operate three long-haul routes during the March-May period: Dallas/Fort Worth (DFW) to London Heathrow (LHR) and Tokyo Narita (NRT), and Miami (MIA) to London Heathrow.

Link to comment
Share on other sites

3 hours ago, Anastasis said:

Trading notes on index cards. Interdasting. 

 

3 hours ago, Parliament said:

Not gonna type all that out.

3 minutes to put this together 
Now all you'd have to do is put the prior days close into the box with 2,711 in it, and then you have it to start your day

S-P-limit-calculator

  • Like 3
Link to comment
Share on other sites

I commented on Friday that I thought it was interesting that Trumps presser was scheduled to start an hour before markets closed, because we all knew how much he fixates on the markets. Today they are holding another presser an hour before the futures markets open. Wonder if they are going to drop some more fed stimulus  bombs. Will it even matter? 

Link to comment
Share on other sites

What’s your prediction for tomorrow? I’d guess open strong +1-2% then fade into -1% by closing. Emotional wins in getting everyone on the same page re social distancing, but then recognition of what this will cost starts setting in.

 

Link to comment
Share on other sites

6 minutes ago, Lurch said:

What’s your prediction for tomorrow? I’d guess open strong +1-2% then fade into -1% by closing. Emotional wins in getting everyone on the same page re social distancing, but then recognition of what this will cost starts setting in.

 

don't know if you were asking me, but i have no idea.

Link to comment
Share on other sites

22 minutes ago, Lurch said:

What’s your prediction for tomorrow? I’d guess open strong +1-2% then fade into -1% by closing. Emotional wins in getting everyone on the same page re social distancing, but then recognition of what this will cost starts setting in.

 

Down 5% at the open and 8% (total) at the close.  Mondays for the DJIA have been...bad.

Link to comment
Share on other sites

As far as the market is goes, I think that there is a huge move up if the Saudis can to some agreement with Putin and production of OPEC (and friends) crude production was to be cut my the amount the Saudis said they were raising it or more.
I don't think that Vald and MbS are on good terms, but who knows about any of this crazy shit anymore.

Link to comment
Share on other sites

I've quit trying to guess what the market will do day-to-day, I'm convinced it will head lower - maybe tomorrow, but almost certainly over the next few weeks.
There are some things that could reverse this course - oil prices (as I mentioned above), new CV-19 testing that is faster and widely available, warm weather; but overall the impact hasn't really hit the healthcare system (hospitals), and there is nothing stopping another black swan (natural disaster, for instance) from coming to visit this swan.

I really can't see anyway that a white dove appears to scare away this market.

Link to comment
Share on other sites

3 minutes ago, Wally Fairway said:

I've quit trying to guess what the market will do day-to-day, I'm convinced it will head lower - maybe tomorrow, but almost certainly over the next few weeks.
There are some things that could reverse this course - oil prices (as I mentioned above), new CV-19 testing that is faster and widely available, warm weather; but overall the impact hasn't really hit the healthcare system (hospitals), and there is nothing stopping another black swan (natural disaster, for instance) from coming to visit this swan.

I really can't see anyway that a white dove appears to scare away this market.

We should be applying every ounce of pressure we can on SA to generate some positive news. 

Link to comment
Share on other sites

21 hours ago, Bozo_Casanova said:

Restaurant traffic seems normal in Austin tonight, but it’s got a last hurrah feel.

Turns out it really was the last hurrah in Chicago.  This is gonna cripple the market.  They need to shut it down 2 weeks.  No reporting earnings etc.  

  • Like 1
Link to comment
Share on other sites

1 minute ago, ChiTownDoc said:

Turns out it really was the last hurrah in Chicago.  This is gonna cripple the market.  They need to shut it down 2 weeks.  No reporting earnings etc.  

That’s all fine and good if you’ve gotten out. Not so much if you want to. 

Link to comment
Share on other sites

Just now, ChiTownDoc said:

I’m sitting in cash until S&P 2000.  I’d be surprised if we don’t get there.  They need drastic measures.  These are drastic fucking times.  

Yeah S&P 2000 is likely when I would consider getting back in. Every press conference to date is an obsequious dick sucking contest, indicating that this administration is more concerned about the election than they are fixing the problem at hand. Once they start leveling with the general public and mandating behavior that stops St Paddy's day parties, etc...I'll start to believe that they are serious about addressing the crisis at hand. Until then, I'll keep my short position (through puts) on the market. The real pain hasn't even hit this country yet. 

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.



×
×
  • Create New...