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  • S&P triggers level one circuit breaker after falling 7%, halted for 15 minutes

Added at 9:47am

  • Trading on Wall Street halted as S&P 500 tumbles 8%

    From reuters.com

    The S&P 500 tumbled 8% at opening on Monday, triggering an automatic 15-minute halt of Wall Street’s three main indexes for the third time in six days, as traders reacted to drastic weekend measures from the Federal Reserve to stave off a global recession. The second emergency cut in interest rates by the U.S. central bank in a fortnight only added to the sense of panic among investors, worried that the coronavirus pandemic is paralyzing supply chains and squeezing company finances. Latest economic figures from China earlier on Monday showed factory data plunging at its sharpest pace in three decades, ... (full story)

Unfortunately the CV19 reality for the US is only starting.
And equally unfortunately the current Administration evokes no confidence.
As WB once said "when the tide goes out you see who wearing swimwear."
The tide going out, and EoD, all the FED can do is temporarily rent out a bunch of towels.
Enormous profit in short US indices.
Warning: A Dangerous Subversive: 1% of comments CoCed
i miss slogan " MAKE MARGIN CALL GREAT AGAIN"
Quoting RossEdwards
Unfortunately the CV19 reality for the US is only starting. And equally unfortunately the current Administration evokes no confidence. As WB once said "when the tide goes out you see who wearing swimwear." The tide going out, and EoD, all the FED can do is temporarily rent out a bunch of towels. Enormous profit in short US indices.
Author ^ = NO CONFIDENCE!
They'll buy it back when the trumpets will anounce the C19 dead and gone.
But how deep ? Million dollar question...
December 2018 low is close now, important support, let's see...
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Member
The people who are driving the prices down will one day realize their money is worthless. It's not a time to panic but a time to be brave. But bravery is lacking.
You don't know because you don't ask.
Quoting swing77
i miss slogan " MAKE MARGIN CALL GREAT AGAIN"
If people are getting a margin call, then it probably means they are using too much leverage. It's better to build slowly over time and protect your investment than to try to go too fast and end up losing it all. People lack patience. That's the real problem in the market.
You don't know because you don't ask.
Lets follow Europe. They know how to handle the virus. Just look at how they became the epicenter of the virus now. Nice work! hahaha
Quoting here2there
{quote} If people are getting a margin call, then it probably means they are using too much leverage. It's better to build slowly over time and protect your investment than to try to go too fast and end up losing it all. People lack patience. That's the real problem in the market.
too slow using mini lot....tooooooo long, big lot big boom
Common Sense: don't trade in these conditions.
Me: Yo, look at these profits!
CS: Black swan event could bring you to your knees, again.
Me: Yeah i know, but when if not now? Don't be a chicken.
CS: Wait a few months to settle down,
Me: Ain't got time for this, look, its tanking, click...
Quoting swing77
{quote} too slow using mini lot....tooooooo long, big lot big boom
Lol, too funny! I like your sense of humor!
Quoting xau
Common Sense: don't trade in these conditions....
It needs to be qualified: Don't trade in these conditions unless you know what you are doing. And if you think you know what you are doing, you will soon find out what you know after you click that buy or sell button.
You don't know because you don't ask.
Market makers can run huge losses for years, can you handle a big loss for a day?...trade wisely.
Never forget: Bear markets never start on bad news and never end on good news. It is always just the opposite!

This is why we want the news to be downright UGLY and economists telling us how dark it is, before entering the market.

Did you know economists have predicted nine out of the last five recessions?
Quoting Domie95
Market makers can run huge losses for years...
I doubt this happens. Market makers aren't stupid to let losers run that long.
You don't know because you don't ask.
Quoting TudorIoan
They'll buy it back when the trumpets will anounce the C19 dead and gone. But how deep ? Million dollar question... December 2018 low is close now, important support, let's see... {image}
I wouldn't buy there. That's making the "catching a falling knife" error.
When the line goes down, the pants go brown!
Quoting here2there
{quote} If people are getting a margin call, then it probably means they are using too much leverage. It's better to build slowly over time and protect your investment than to try to go too fast and end up losing it all. People lack patience. That's the real problem in the market.
How could you protect your long term investment in futures (indices) let say FEB 24 and so on unless you are intraday trader? I would also like to see success rate in Option trading these days....


Maxthetrader: Don't worry it's coming your way from west/east/north and south... we'll see how you deal with it.
Quoting xjames26
{quote} How could you protect your long term investment in futures (indices) let say FEB 24 and so on unless you are intraday trader? I would also like to see success rate in Option trading these days.... Maxthetrader: Don't worry it's coming your way from west/east/north and south... we'll see how you deal with it.
I trade the Forex market. I don't do Futures.
You don't know because you don't ask.
This event is not going to be a V shaped low. It has to play out and make a bottom to turn sentiment.
Without a Vaccine which is at least a Year in making no financial jiggering will stop the Tide.
Just keep watching for some abatement in Damage then consider going for risk on. It still is early and yet to be learned Long Term effects in most of the World.
Just getting started in Africa and Middle East.

Anything coming out of China presented as good news is likely just a Lie as CCP needs to blame Foreign interests for any second wave reinfections after government tells the tale that things are getting better. Second Wave has potential to Topple government.
Finding truth in it, probably reliable from Japan, South Korea, Italy when it comes to what is really going on.
Quoting foto
This event is not going to be a V shaped low. It has to play out and make a bottom to turn sentiment. Without a Vaccine which is at least a Year in making no financial jiggering will stop the Tide. Just keep watching for some abatement in Damage then consider going for risk on. It still is early and yet to be learned Long Term effects in most of the World. Just getting started in Africa and Middle East. Anything coming out of China presented as good news is likely just a Lie as CCP needs to blame Foreign interests for any second wave reinfections...
I don't think there is any stopping a global financial collapse at this point. It will likely turn into a worldwide Depression. Greed brought this upon us, not coronavirus. And now it is time to pay Greed's price. This was inevitable. If we always had leaders who cared more about people than power, we probably wouldn't be in this financial mess.
You don't know because you don't ask.
Quoting here2there
{quote} I don't think there is any stopping a global financial collapse at this point. It will likely turn into a worldwide Depression. Greed brought this upon us, not coronavirus. And now it is time to pay Greed's price. This was inevitable. If we always had leaders who cared more about people than power, we probably wouldn't be in this financial mess.
With this logic if you make money from trading start giving some of it to homeless, to poor families, will you ?
Quoting here2there
{quote} I don't think there is any stopping a global financial collapse at this point. It will likely turn into a worldwide Depression. Greed brought this upon us, not coronavirus. And now it is time to pay Greed's price. This was inevitable. If we always had leaders who cared more about people than power, we probably wouldn't be in this financial mess.
I love posts like the one above. Its a sign of good things to come! Keep preaching your doom and gloom. Push those prices down a bit more so the BULLS can buy cheaper and then the bears will be RUN OUT once and for all. We are at the cusp of putting in the low of the year!!!
Quoting Maxthetrader
{quote} I love posts like the one above. Its a sign of good things to come! Keep preaching your doom and gloom. Push those prices down a bit more so the BULLS can buy cheaper and then the bears will be RUN OUT once and for all. We are at the cusp of putting in the low of the year!!!
An entire generation has never known a proper recession. They got to lower rates post the dotcom bubble to pull us out of that. Then the lower rates created the housing bubble and they printed their way out of that. Now after the MOTHER of all bull markets a catalyst created what was to eventually come anyway and now the race to zero is completed and they will try and print a fraction of what they did to create the MOTHER.

This is Japan 2.0 globally now. Demographics in Europe and North America will have an entire generation saving and not spending just so they can live in retirement. Meanwhile another generation will get the experience of what a proper recession looks and FEELS like for the first time.

This market will bounce but get back to those lofty extreme valuation highs? Meh, don't see that for a decade or more. And it will most likely just waffle around these levels for years.
Quoting raklian
{quote} I wouldn't buy there. That's making the "catching a falling knife" error.
Just observing. Not buying here.
No good sign, no good news, no bullish confirmation ...only red, red !
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  • Comment #25
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  • Edited Mar 17, 2020 4:33am Mar 16, 2020 4:32pm | Edited Mar 17, 2020 4:33am
If up to me, I would "break the circuit" even for months until they'll find something to contain C19.
I know it would be like dirty cheating, but equities coupled with the C19 could mean an ugly Doomsday for the global real economy !
Member
Corona vaccine in THREE WEEKS.

https://www.jpost.com/HEALTH-SCIENCE/Israeli-scientists-In-three-weeks-we-will-have-coronavirus-vaccine-619101
Luvin the doomsdayer talk!

Tickled pink! haha
Quoting Maxthetrader
Corona vaccine in THREE WEEKS. https://www.jpost.com/HEALTH-SCIENCE...vaccine-619101
Seems you overlooked this part: "Once the vaccine is developed, it will take at least 90 days to complete the regulatory process and potentially more to enter the marketplace."
You don't know because you don't ask.
Quoting Maxthetrader
Luvin the doomsdayer talk! Tickled pink! haha
It's called REALITY, not "doomsdayer talk." We are dealing in facts, speaking of things that ARE happening NOW.

You will likely be waiting a long time for that bull run.
You don't know because you don't ask.
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  • Posted: Mar 16, 2020 9:33am
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    Category: High Impact Breaking News
    Comments: 29  /  Views: 17,367