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Started By
Message
S&P 2350 Major Pivot (We closed ABOVE it)
Posted on 3/18/20 at 3:00 pm
Posted on 3/18/20 at 3:00 pm
We are closing above this major pivot which is roughly the low of Dec. 2018. Let's see how much follow through we can get as we got down to 2280 earlier.
4
Posted on 3/18/20 at 3:02 pm to Hussss
I don't know why people gave you shite two years ago. You were right.......two years later.
Posted on 3/18/20 at 3:06 pm to castorinho
I was exactly one year off on stock market turmoil. Timing is very hard to get perfect, but I saw China pulling their trillions out and causing chaos but who knew they would also release a pandemic out of Wuhan. Repo rates ran wild and the bond market started getting really volatile in September due to the Chinese. Then Russia shoots the oil market in the head. Economic warfare and now a pandemic thrown on top. God help us all. I am not some perma bear or gleeful idiot over this turmoil. My heart aches for everyone around the world, not just us in America. Nobody "wins" in this turmoil.
This post was edited on 3/18/20 at 3:09 pm
Posted on 3/18/20 at 3:28 pm to Hussss
quote:
was exactly one year off on stock market turmoil
Take the black swan event of a global pandemic out and this market is humming along. You’re still an idiot.
Posted on 3/18/20 at 3:32 pm to LSUcam7
Posted on 3/18/20 at 3:32 pm to Hussss
quote:
who knew they would also release a pandemic out of Wuhan
Are you seriously claiming you foresaw China orchestrating a possible global recession, successfully?
Released? Intentionally?! You know this rocked China plenty, right?
Posted on 3/18/20 at 3:35 pm to LSUcam7
Yes indeed. This is about transitioning to another global reserve currency.
You think China actually cares about its people or anyone else?
You think China actually cares about its people or anyone else?
Posted on 3/18/20 at 3:38 pm to Hussss
You think Italy is going to still be the first country in Europe to adopt uncle xi money? You think anyone in the western world isn't going to have a massive domestic product movement after this?
I just don't see how china doesn't go down with the ship.
I just don't see how china doesn't go down with the ship.
Posted on 3/18/20 at 3:38 pm to Hussss
Oh dear.
Posted on 3/18/20 at 3:42 pm to Hussss
Unless the government comes in and does something big. And I mean BIG.. We are fixing to slice through every support level like butter. Worse than 2008. One more press conference about quantitative easing and liquidity and we are in for Great Depression 2 x1,000
Posted on 3/18/20 at 3:49 pm to Triple Bogey
quote:
we are in for Great Depression 2 x1,000
That’s it. Pushing all chips in.
Posted on 3/18/20 at 3:53 pm to LSUcam7
quote:
That’s it. Pushing all chips in.
Wait a few weeks until the SPY is at 150
Posted on 3/18/20 at 3:56 pm to LSUcam7
quote:
Are you seriously claiming you foresaw China orchestrating a possible global recession, successfully?
It was fairly obvious that the leverage in the Chinese economy was always going to be the start of the problem. So any demand shock was going to have the same effects. This has been the case for a decade.
Posted on 3/18/20 at 4:00 pm to Hussss
I thought the price action late in the day looked promising also. Let's hope for a green Thursday.
Posted on 3/18/20 at 4:04 pm to wutangfinancial
quote:
This has been the case for a decade.
Kind of deflated your point with this line. Thanks for speaking truth though.
Even with this selloff 2010-2020 has been a great time to own stocks.
Posted on 3/18/20 at 4:12 pm to Pendulum
quote:
I just don't see how china doesn't go down with the ship.
I hope you’re right, but the same Romney/Clinton types who are cheerleaders for outsourcing and mass immigration are going to be back at it when the dust settles.
Posted on 3/18/20 at 4:34 pm to LSUcam7
quote:
Kind of deflated your point with this line. Thanks for speaking truth though.
Oh, you think China's growth was organic don't you?
I'm sure you think the US economy was growing organically too.
Posted on 3/18/20 at 4:49 pm to wutangfinancial
Apple carried a trillion dollar valuation because it was and still is innovative.
Amazon disrupted retail. Obliterated much of it.
Netflix single handedly disrupted the entertainment industry.
And Eli Lily continues to produce drugs for our people.
They didn’t need ZIRP to win.
Amazon disrupted retail. Obliterated much of it.
Netflix single handedly disrupted the entertainment industry.
And Eli Lily continues to produce drugs for our people.
They didn’t need ZIRP to win.
Posted on 3/18/20 at 4:52 pm to LSUcam7
You just named 3 companies regardless if I agree with you or not
Posted on 3/18/20 at 5:18 pm to LSUcam7
quote:Correct
Take the black swan event of a global pandemic out and this market is humming along
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