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The Swamp

  • #54,061
  • Mar 7, 2020 9:49am Mar 7, 2020 9:49am
isn't that sweet ?
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Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #54,062
  • Mar 7, 2020 10:04am Mar 7, 2020 10:04am
Quoting messi80
{quote} My thinking is the US has more to lose than europe does or any country really. With the little to no response by Trump and his team for this coronavirus. Whos to say this thing cant wipe out 5-10% of our country. We have little to no testing even, this is really bad when we possibly have the best economy in the world. We have so much to lose its causing the dollar to plunge.
best economy in the world? Maybe change that to the least bad. Just wait until the US pension crisis starts after the stockmarket crash. Going to be very depressing time. Look up the average 401k for americans and add that the average is measured at an overvalued stock market.
its not looking good but sure CNBC tells u otherwise
  • #54,063
  • Mar 7, 2020 11:50am Mar 7, 2020 11:50am
Italy

Draft decree seen by La Repubblica says Lombardy and 11 other provinces would be put on lockdown. People would only be allowed to enter or leave in case of emergency



Under this draft decree, all gyms, swimming pools, museums, cultural centers, and ski resorts in those 12 provinces will be closed. Schools have already been closed.
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #54,064
  • Mar 7, 2020 11:55am Mar 7, 2020 11:55am
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Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #54,065
  • Mar 7, 2020 12:03pm Mar 7, 2020 12:03pm
Breakdown of AUDCHF:

Inserted Video
instagram: stepbystepforex
  • #54,066
  • Mar 7, 2020 3:44pm Mar 7, 2020 3:44pm
Kicking off in NYC. More plunge for USD, buy yellow metal.
I play the trade gamble to feed my Porsche addiction.
  • #54,067
  • Mar 7, 2020 5:09pm Mar 7, 2020 5:09pm
Quoting gatorinla
U.S. death rate, of cases with an outcome is 57%. {image}
Edit, some bad math.. its opposite. 43% dead. 57% survived. (the math was good but need to flip dead #with recovered #)

Latest figures is 53% death rate. A 10% rise since yesterday.
those who can, do. those who cant, talk about those who can
  • #54,068
  • Mar 7, 2020 5:16pm Mar 7, 2020 5:16pm
Quoting PxtzP
{quote} best economy in the world? Maybe change that to the least bad. Just wait until the US pension crisis starts after the stockmarket crash. Going to be very depressing time. Look up the average 401k for americans and add that the average is measured at an overvalued stock market. its not looking good but sure CNBC tells u otherwise
What pension? The virus is killing grandpa early. If this continues, a larger % of pensions will never be paid. The young and survivors will have to work longer to build their diminished 401K... 1987 (11 years) 2008 (11.5 yrs) 2020 2031 2042
those who can, do. those who cant, talk about those who can
  • #54,069
  • Mar 7, 2020 7:13pm Mar 7, 2020 7:13pm
Quoting gatorinla
{quote} What pension? The virus is killing grandpa early. If this continues, a larger % of pensions will never be paid. The young and survivors will have to work longer to build their diminished 401K... 1987 (11 years) 2008 (11.5 yrs) 2020 2031 2042
My crystal ball says 2008 2020 2029
  • #54,070
  • Mar 7, 2020 8:03pm Mar 7, 2020 8:03pm
Quoting PxtzP
{quote} My crystal ball says 2008 2020 2029
1929 for 10 years...pre ww2
those who can, do. those who cant, talk about those who can
  • #54,071
  • Mar 7, 2020 8:38pm Mar 7, 2020 8:38pm
Quoting gatorinla
{quote} 1929 for 10 years...pre ww2
2029 pre ww3? Well see

think we will see Iran war before maybe even later this year but thats me rambling
  • #54,072
  • Mar 7, 2020 11:46pm Mar 7, 2020 11:46pm
SAUDI ARABIA IS LAUNCHING THE OIL MARKET EQUIVALENT OF A DECLARATION OF WAR: PLAN FOR A BIG PRODUCTION HIKE, AND OFFERING HUGE DISCOUNT FOR ITS CRUDE

Saudi Aramco drops below its IPO price of 32 riyals, down more than 6% in early trading in Riyadh
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Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #54,073
  • Edited Mar 8, 2020 12:07am Mar 7, 2020 11:52pm | Edited Mar 8, 2020 12:07am
https://www.bnnbloomberg.ca/saudis-p...-war-1.1401780

(Bloomberg) -- Saudi Arabia plans to increase oil output next month, going well above 10 million barrels a day, as the kingdom responds aggressively to the collapse of its OPEC+ alliance with Russia.
The world’s largest oil exporter started a price war on Saturday by slashing the prices it sells crude into foreign markets by the most in at least 20 years, offering unprecedented discounts in Europe, the Far East and the U.S. to entice refiners to purchase Saudi crude at the expense of other suppliers.

“We’re likely to see the lowest oil prices of the last 20 years in the next quarter,” said Roger Diwan, an oil analyst at consultant IHS Markit Ltd. and a veteran OPEC watcher, implying that the price could fall below $20 a barrel.

This will put extreme pressure on company's and SPX

both big events in weekend - Oil & Corona
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #54,074
  • Edited Mar 8, 2020 12:28am Mar 7, 2020 11:55pm | Edited Mar 8, 2020 12:28am
Place your bets ! DOW -500 ?

Corona - we still don't have enough on US
Oil Markets will be hit hard on what Arabia has done today

Both will be putting extreme pressure on Credit markets and this will be another event that will kill markets

US Rate cut is imminent.

So DOW is just opening -500 imho - then we will see a very diff day on markets
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #54,075
  • Mar 8, 2020 12:20am Mar 8, 2020 12:20am
CORONAVIRUS UPDATE: TAIWAN MANUFACTURES NEW TEST KIT TO DETECT CORONAVIRUS IN 15 TO 20 MINS; RIGHT NOW IT TAKES 4 HOURS

WHO update 7 March

China 80 813 confirmed (102 new)
3073 deaths (28 new)

Outside of China 21 110confirmed (3633 new)
413 deaths (78 new)
93 Countries/territories/ areas (5 new)

Italy: 1 Region and 11 provinces under lockdown until 03/04/20. That's roughly 1/6 of the population. Region: Lombardy Provinces: Modena, Parma, Piacenza, Reggio Emilia, Rimini, Pesaro e Urbino, Venezia, Padova, Treviso, Asti and Alessandria
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #54,076
  • Mar 8, 2020 12:23am Mar 8, 2020 12:23am
Cheaper fuel would be nice as a result lol
I play the trade gamble to feed my Porsche addiction.
  • #54,077
  • Mar 8, 2020 12:31am Mar 8, 2020 12:31am
Quoting DMA Trader
CORONAVIRUS UPDATE: TAIWAN MANUFACTURES NEW TEST KIT TO DETECT CORONAVIRUS IN 15 TO 20 MINS; RIGHT NOW IT TAKES 4 HOURS WHO update 7 March China 80 813 confirmed (102 new) 3073 deaths (28 new) Outside of China 21 110confirmed (3633 new) 413 deaths (78 new) 93 Countries/territories/ areas (5 new) Italy: 1 Region and 11 provinces under lockdown until 03/04/20. That's roughly 1/6 of the population. Region: Lombardy Provinces: Modena, Parma, Piacenza, Reggio Emilia, Rimini, Pesaro e Urbino, Venezia, Padova, Treviso, Asti and Alessandria
People left before the announcement on that area and are trying to get even now out. trains roads packed
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #54,078
  • Mar 8, 2020 12:33am Mar 8, 2020 12:33am
Aramco has made the largest month-on-month cut for Arab Light in at least 20 years: a hefty $8 to -$10.25 a barrel

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Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #54,079
  • Mar 8, 2020 1:40am Mar 8, 2020 1:40am
Quoting DMA Trader
Place your bets ! DOW -500 ? Corona - we still don't have enough on US Oil Markets will be hit hard on what Arabia has done today Both will be putting extreme pressure on Credit markets and this will be another event that will kill markets US Rate cut is imminent. So DOW is just opening -500 imho - then we will see a very diff day on markets
Kuwait suspends trading in premarket index down 10%
@bloomberg
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Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #54,080
  • Mar 8, 2020 1:48am Mar 8, 2020 1:48am
EU NEEDS COORDINATED FISCAL RESPONSE TO CORONAVIRUS: GENTILONI

Italy demands support. more stimulus, more easing

Race to bottom -
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
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