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The Swamp

  • #53,001
  • Feb 29, 2020 9:08am Feb 29, 2020 9:08am
CNY
Manufacturing PMI
35.7

Non-Manufacturing PMI
29.6

ouch


China’s factory activity plunges to all-time low, worse than global financial crisis, February data show

  1. China’s official manufacturing purchasing managers’ index (PMI) dropped to 35.7 in February from 50.0 in January, below the 38.8 figure reported in November 2008
  2. The non-manufacturing PMI – a gauge of sentiment in the services and construction sectors – also dropped to 29.6 from 54.1 in January, the lowest since November 2011

Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #53,002
  • Feb 29, 2020 9:20am Feb 29, 2020 9:20am
BREAKING: Italy reports 239 new cases of coronavirus and 8 new deaths, raising total to 1,128 cases and 29 dead

Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #53,003
  • Feb 29, 2020 9:41am Feb 29, 2020 9:41am
France cancels half-marathon and events with more than 5,000 people. But French Ligue 1 football matches will go on although the players will not shake hands in line with the latest health advice. So there's that.

Monday will be interesting.
Follow the money --Mark Felt (Deepthroat)
  • #53,004
  • Feb 29, 2020 10:49am Feb 29, 2020 10:49am
https://www.pscp.tv/w/1YpKkQMbAmoJj

Trump speaking live after 1st death in USA
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #53,005
  • Feb 29, 2020 11:26am Feb 29, 2020 11:26am
https://twitter.com/eugenegu

interesting doctor account to follow
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #53,006
  • Feb 29, 2020 11:45am Feb 29, 2020 11:45am
Quoting DMA Trader
https://www.pscp.tv/w/1YpKkQMbAmoJj Trump speaking live after 1st death in USA

Trump said we need negative rates and

‘We need a Fed that’s going to be a leader’: Trump calls for debt refinancing amid coronavirus fallout
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #53,007
  • Feb 29, 2020 12:48pm Feb 29, 2020 12:48pm
That was a wild press conference. Trump looked like he was under sedation, hadn't slept for 5 days and been shot in the face by Dick Cheney. He was rightly called out for calling this crisis, just last night, a hoax, when it plainly isn't. I'm sure that he's spoken to a real economist, not one of his fluffers, or maybe saw Goldman Sachs report of 0% growth for rest of year and now realizes that with China's manufacturing going down toward half-capacity, supply chains are going to hold up/freeze goods, travel bans from countries abroad are going to stifle summer tourism, and general caution/fear among Americans will have them staying home this summer - business will be bad, tourism will be bad, consumer spending will be bad. The economy is pretty much toast for the 2nd and 3rd quarters due to prudent caution and outright fear. The stock market already knows this.

So Trump has to be wondering: what the hell am I going to run on for re-election? His wonderful personality?
Follow the money --Mark Felt (Deepthroat)
  • #53,008
  • Feb 29, 2020 2:39pm Feb 29, 2020 2:39pm
Quoting longfellow
That was a wild press conference. Trump looked like he was under sedation, hadn't slept for 5 days and been shot in the face by Dick Cheney. He was rightly called out for calling this crisis, just last night, a hoax, when it plainly isn't. I'm sure that he's spoken to a real economist, not one of his fluffers, or maybe saw Goldman Sachs report of 0% growth for rest of year and now realizes that with China's manufacturing going down toward half-capacity, supply chains are going to hold up/freeze goods, travel bans from countries abroad are going...
Well Said * Very Well Said Longfellow
Hoping To Change My Name From Pip-loser To Pip-Winner
Gatorinla, Boulder And DMA Trader Trades Fearlessly WoW!
Cancelled Membership, Accused By FF Member(i'll Be Back) of Being A Con Man
  • #53,009
  • Feb 29, 2020 5:48pm Feb 29, 2020 5:48pm
Quoting longfellow
That was a wild press conference. Trump looked like he was under sedation, hadn't slept for 5 days and been shot in the face by Dick Cheney. He was rightly called out for calling this crisis, just last night, a hoax, when it plainly isn't. I'm sure that he's spoken to a real economist, not one of his fluffers, or maybe saw Goldman Sachs report of 0% growth for rest of year and now realizes that with China's manufacturing going down toward half-capacity, supply chains are going to hold up/freeze goods, travel bans from countries...
Missed it earlier, watching now. I agree. It looks like he saw a ghost. Raspy voice. Pence on the other hand as always. Looks like he is in love.
those who can, do. those who cant, talk about those who can
  • #53,010
  • Feb 29, 2020 5:56pm Feb 29, 2020 5:56pm
Traffic congestion in the town Apple is in, compared to normal. From this look, Tim Cook may be full of shit.

Apple iPhone assembly line at Foxconn's Guanlan plant in Shenzhen, China.
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those who can, do. those who cant, talk about those who can
  • #53,011
  • Feb 29, 2020 5:59pm Feb 29, 2020 5:59pm
Quoting gatorinla
{quote} Missed it earlier, watching now. I agree. It looks like he saw a ghost. Raspy voice. Pence on the other hand as always. Looks like he is in love.
hmmm Pence said nobody ever took the action to limit travel from China. He needs a history lesson. LOL It was a law at one time. Literally called "The Chinese Exclusion Act"..
https://en.wikipedia.org/wiki/Chinese_Exclusion_Act
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those who can, do. those who cant, talk about those who can
  • #53,012
  • Feb 29, 2020 6:07pm Feb 29, 2020 6:07pm
Quoting longfellow
That was a wild press conference. Trump looked like he was under sedation, hadn't slept for 5 days and been shot in the face by Dick Cheney. He was rightly called out for calling this crisis, just last night, a hoax, when it plainly isn't. I'm sure that he's spoken to a real economist, not one of his fluffers, or maybe saw Goldman Sachs report of 0% growth for rest of year and now realizes that with China's manufacturing going down toward half-capacity, supply chains are going to hold up/freeze goods, travel bans from countries abroad are going...
This is fun knee to me. Thanks for bringing humor to this idiotic reality.
  • #53,013
  • Feb 29, 2020 10:41pm Feb 29, 2020 10:41pm
"Satellite images have shown a dramatic decline in pollution levels over China, which is "at least partly" due to an economic slowdown prompted by the coronavirus, US space agency Nasa says" –– BBC
Attached Image
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #53,014
  • Feb 29, 2020 11:04pm Feb 29, 2020 11:04pm
Until now this is by far the best site I found tracking all about Corona numbers

https://covid2019.azurewebsites.net/
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #53,015
  • Feb 29, 2020 11:07pm Feb 29, 2020 11:07pm
Quoting DMA Trader
"Satellite images have shown a dramatic decline in pollution levels over China, which is "at least partly" due to an economic slowdown prompted by the coronavirus, US space agency Nasa says" –– BBC {image}
nah, they just moved from one form of pollution to another form....
instead of CO2 they decided to pollute the world with Coronavirus.
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #53,016
  • Feb 29, 2020 11:13pm Feb 29, 2020 11:13pm
South Korea numbers are very high about 3526 today but also tested 93.459 people 3.7%
Italy numbers 1165 and tested was 18.661 - 6.24 %

not sure if the numbers are still correct but USA only tested 472 got 68 cases -> something may be wrong here
https://www.cdc.gov/coronavirus/2019...ses-in-us.html


So while we see big jump in numbers is also because those country's have big numbers of case being tested
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #53,017
  • Feb 29, 2020 11:38pm Feb 29, 2020 11:38pm
https://www.nytimes.com/2020/02/29/h...s-testing.html

this will increase the numbers reported in USA
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #53,018
  • Mar 1, 2020 12:22am Mar 1, 2020 12:22am
Weekly WTI Crude has some support at 42 on 1H 45 could be a sell again
Gold ugly 1M candle but Weekly has support near the yesterday low - still very strange move yesterday
E/U Weekly resistance, on 1H some resistance on 1.105 minor divergence so good place sto sell but still in short term bull
SPX monthly close saved the bull with last hour trading big rally from lows - weekly and daily god to extreme oversold - rally could go to 3200 - H4 already at resistance - 1H bulish

i don't trade against 1H - usually

but new month - new week new day - new gap ?
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #53,019
  • Mar 1, 2020 12:24am Mar 1, 2020 12:24am
Quoting gatorinla
{quote} If you dont test people, you cant confirm. The U.S. probably has a much larger number than reported. W/o test kits, the numbers are unreported. To be tested the bar was very high. The test kits the U.S. has, is made of 3 test. The benchmark test was faulty protein test. Making the other 2 test unreliable, basically worthless. So we weren't testing. The cdc is now giving instructions for more labs to make new test. We should have some new kits coming whenever. Atm all test are performed from the few CDC labs. Only a small limited amount of...
South Korea has gone through over 10,000 COVID-19 tests today. People who have any slightest of symptoms (or not) can even get themselves tested at these testing drive-thru stations. The whole process takes 10 mins.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #53,020
  • Mar 1, 2020 12:26am Mar 1, 2020 12:26am
Quoting DMA Trader
South Korea numbers are very high about 3526 today but also tested 93.459 people 3.7% Italy numbers 1165 and tested was 18.661 - 6.24 % not sure if the numbers are still correct but USA only tested 472 got 68 cases -> something may be wrong here https://www.cdc.gov/coronavirus/2019...ses-in-us.html So while we see big jump in numbers is also because those country's have big numbers of case being tested
If you dont test people, you cant confirm. The U.S. probably has a much larger number than reported. W/o test kits, the numbers are unreported. To be tested the bar was very high. The test kits the U.S. has, is made of 3 test. The benchmark test was faulty protein test. Making the other 2 test unreliable, basically worthless. So we weren't testing.

The cdc is now giving instructions for more labs to make new test. We should have some new kits coming whenever. Atm all test are performed from the few CDC labs. Only a small limited amount of people can be tested per day. That's why only 472 have been tested. Samples taken are sent to the CDC labs atm. The person has to have had some contact, or traveled to China to have been eligible. One could have had symptoms, but not traveled to China. Those would not of been tested. Some states like California had chosen to use their own labs. That how the case in California showed up. The CDC had one hand tied behind its back (politics). In the U.S. if it looks like shit, and smells like shit. The CDC has to confirm its shit.

The state labs were not good enough. Although California is bigger than most countries. A way to claim it's just 15 cases last week. A way to lie to the people, is controlling the CDC. California let the cat out the bag. So its not as politically convenient now. To call it a hoax and blame the media and others. 1 has died already due to incompetence. Probably because the incident at the military base. Unqualified HS people allowed to enter a quarantined site. Without any medical training or PPE. After the people were not washed or decontaminated. They got on commercial planes etc into the public. Near the California confirmed case. Granted these were the same sick, that were taken from a cruise ship. The same ones placed on a commercial plane with over 300 non-sick Americans. Against the advice of the CDC. Now one is dead, that is manslaughter to me.

Anyone who has died with symptoms should be tested. The last few months. To get a more accurate number.
those who can, do. those who cant, talk about those who can
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