Pull up MORT & JNK
Holy shit.
Also liquidity is so fucked. Mindfuck.
When the injection failed you knew the close was gonna be epic
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Pull up MORT & JNK
Holy shit.
Also liquidity is so fucked. Mindfuck.
When the injection failed you knew the close was gonna be epic
im definitely surprised...I figured the fed bringing out the bazooka would calm things down...market shrugged it off, 'who gives a fuck'...Quote:
Originally Posted by sonatine
you know when that happens might be time to grab your balls...
Nice interday chart....
Let me interrupt the schadenfreude for a second.
Look at JD.com (JD)
China virus..... nothing touches this. Strong strong animal in weak market. Definitely my new binky.
is a torn asshole also a symptom of the corona?
if you listen carefully you can hear people screaming at their algs not to buy the dip.
JNUG DOWN 71% MONKEYHAMMER REVERSAL
LIQUIDATION EVENT, SURELY.
The Senate went home for a long weekend?
If this is true......
this is obviously never gonna happen, but wouldn't it be great for CFOs to have to justify buying back their stock at insane levels?
so we're roughly 30% down from the highs on the SP and im guessing the higher beta stocks are probably down even more...so instead of having war chests of cash on hand for situations like this when their business face this kinda dislocation, they are left with a bunch of overpriced stock...cash doesn't generate returns...…..until it does...
ive posted about this before...they were buying back assloads of stock to cover for businesses that were slowing down...manipulate the S you don't need as much E...brilliant strategy...…..works...……………...until it doesn't...
krypt is right about torn assholes...these assholes should be torn apart by pissed off shareholders, but unfortunately they won't be...shame...
S&P did crack below 2500.
Next up 2300?
Oh yeah.Quote:
Originally Posted by Krypt
Get your list together. We could rip.
they deserve it, san...they've continued to act like a bunch of children in a crisis situation...clearly that deserves a reward...Quote:
Originally Posted by Sanlmar
Always a sign of a top. Happens every cycle. Lazy CFO’s and companies in general. Excellent environment, good earnings and clueless what to do with $. Usually a sign of cheap funds too.Quote:
Originally Posted by GambleBotsChafedPenis
Which is why TSLA issuing stock at $980 was incredible. The EXACT inverse.
NCAA CANCELLED
e-gaming is gonna rip.
that's fucking brilliant and a sign of a well run business...he just made 40 fucking percent on that move...unreal...standing O type shit...Quote:
Originally Posted by SanlmarAlways a sign of a top. Happens every cycle. Lazy CFO’s and companies in general. Excellent environment, good earnings and clueless what to do with $. Usually a sign of cheap funds too.Quote:
Originally Posted by GambleBotsChafedPenis
Which is why TSLA issuing stock at $980 was incredible. The EXACT inverse.
if you are seeing the people that know the day-to-day ops of a company doing that you should be running for the exits as quickly as humanly possible...happened with fake meat too...you took it up the ass for awhile, but that thing cratered like a motherfucker...think they offered at like $140 when the stock was trading at $160...got up to like $220 and absolutely went into the shitter after that...
Gold went down cause liquidation but don’t try to conflate with shitcoinsQuote:
Originally Posted by Krypt
C’mon Micon.
fucking 2 minutes later it bounced off 242.1
Can TVIIX go any higher? 500+?
DWT- 20/25?
Quote:
Originally Posted by sonatine
Where's this $ coming from ?? Congress borrows money and has limits they routinely raise, but I've never bothered to really dig into where the fed gets their endless supply of mother's milk.
Quote:
Originally Posted by Sanlmar
Giving great thought to tapping a LOC and putting 100k to work on some of these stocks.
Ever heard of printers?Quote:
Originally Posted by TellafriendQuote:
Originally Posted by sonatine
Where's this $ coming from ?? Congress borrows money and has limits they routinely raise, but I've never bothered to really dig into where the fed gets their endless supply of mother's milk.
Combination of debt and literally printing money. It's not really transparent. It's debt if they just release bonds (treasury). It's printing money when they buy back those bonds (central bank). In theory it should cause inflation in some circumstances, but it hasn't in the last 50 years.Quote:
Originally Posted by TellafriendQuote:
Originally Posted by sonatine
Where's this $ coming from ?? Congress borrows money and has limits they routinely raise, but I've never bothered to really dig into where the fed gets their endless supply of mother's milk.
Oh and as long as dollar is the worlds reserve currency it's in no ones interest to rock the boat in anyway.
plus the Asians can't get enough of our shitty non-yielding paper...Quote:
Originally Posted by gimmickCombination of debt and literally printing money. It's not really transparent. It's debt if they just release bonds (treasury). It's printing money when they buy back those bonds (central bank). In theory it should cause inflation in some circumstances, but it hasn't in the last 50 years.Quote:
Originally Posted by Tellafriend
Quote:
Originally Posted by gimmick
This is the most important concept in the economic world.
We may not be the push overs we were 10 years ago but we still the best game in town. The first reaction from congress back in 2008 was to let the banks fail. The rest of the world was furious and told us to fire up the printing press via the Fed and paper over the banks via TARP. The rest of the world was happy that we did it.
finally got your catch up today, 'tine:
hopefully before whatever budget announcement pelosi/trump whip up, im going to look for some 9 month spce call options. and ill likely double down if/when the market sheds another 50%.
Quote:
Originally Posted by sonatine
I was going to mention something here a couple of days ago and I forgot.
Now first off, I'm not defending Inovia or anything like that. I know virtually nothing about them aside from the press release I posted a while back which stated the supposed progress they had on a potential vaccine. Is it a shady business who used less than accurate information due to the pandemic to boost their stock price? Its entirely possible. I really don't know.
However, I just want to add a little balance to say that the "call out for total fraud" was made by nothing other than a company named "Citron Research" which is run by a guy named Andrew Left. This guy is literally an activist short seller.
He literally shorts specific companies and then uses media to call them out and hopefully make the security tank.
He has had ethics violations through his career:
"Citron launched 51 investigative reports against S&P 500 companies, between 2009 and 2015, as well as several Chinese companies, citing allegations of pyramid schemes, ineffective products and accounting, or business frauds.[7] In 2016, Left was banned for five years by the Hong Kong Market Misconduct Tribunal for disclosing false or misleading information, and so inducing transactions under the Securities and Futures Ordinance.[8][9] Despite being sued by multiple companies for the reports he has released, Left claims he has never lost a case in the United States;[5][10] the National Futures Association sanctioned Left and stated that he “made false and misleading statements to cheat, defraud or deceive a customer in violation of NFA compliance rules.”[11][12]"
https://en.m.wikipedia.org/wiki/Andrew_Left
That being said, maybe he is correct on this one - who knows. I just wanted to put this out there to add some balance
Quote:
Originally Posted by OSA
wouldn't say never at this point...the selling continues and continues...Quote:
Originally Posted by OSAQuote:
Originally Posted by OSA
we're hacking off 100 SP handles like it's a fucking normal bowel movement...
Quote:
Originally Posted by GambleBotsChafedPenis
I mean it literally more than doubled in 36 hours, crushing the 52 week high. When was the last time TVIX was 500? 2008?
I would rather short stocks than buying and selling 10-20k worth of TVIX every other day
TBH I don't even know if it got that bad...I think the VIX might have gotten to like 80 in '08, but I don't think that it lasted that long...Quote:
Originally Posted by OSAQuote:
Originally Posted by GambleBotsChafedPenis
I mean it literally more than doubled in 36 hours, crushing the 52 week high. When was the last time TVIX was 500? 2008?
I would rather short stocks than buying and selling 10-20k worth of TVIX every other day
we're looking at the VIX above 40 for 5 straight days...hasn't happened in a long ass time...
might not last for very long, but finally found a bid below 2400...
market set to rip shorts a new orifice.
160 point rally in two hours...this is kinda what I expected outta that repo announcement...Quote:
Originally Posted by Krypt
BTW RBOB traded all the way down to $0.88, but has rallied to $0.93...wonder when that filters through to the pump...could be seeing mid-1.50s gas soon...
Quote:
Originally Posted by Krypt
After several days of the biggest bloodbath percentage drop in decades, and then futures pointing to a mere +400 implied open (more or less), I'm not sure that your statement would so far best describe tomorrow's outcome. Granted, I want to be optimistic like most people and see a surge, but I'm not going to hold my breath here.
IMO even if, in the best case scenario, a vaccine was suddenly put to market, it will take a much much longer time for everything to recover. We wont see the highs we previously enjoyed for quite a while. Plus we have the oil markets that are affecting the prices - who even knows when we will see light at the end of the tunnel.
I want to be optimistic, but society is still in full blown panic mode.