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The Swamp

  • #55,201
  • Mar 12, 2020 3:36pm Mar 12, 2020 3:36pm
SPX close to 1000 point drop from highs . the destruction is incredible
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #55,202
  • Mar 12, 2020 3:38pm Mar 12, 2020 3:38pm
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Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #55,203
  • Mar 12, 2020 3:42pm Mar 12, 2020 3:42pm
Quoting DMA Trader
{quote} short 2470

out + 20

this market is crashing again
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #55,204
  • Mar 12, 2020 3:45pm Mar 12, 2020 3:45pm
BA cut in half in a month.
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"If The Fool persists in his Folly he will become wise." - William Blake
  • #55,205
  • Mar 12, 2020 3:48pm Mar 12, 2020 3:48pm
this one goes back to 1995
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Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #55,206
  • Mar 12, 2020 3:58pm Mar 12, 2020 3:58pm
Quoting DMA Trader
this one goes back to 1995 {image}
Hi there,

Long time lurker, so much interesting advice here thanks.

In amongst the drop who has unloaded into yielding stocks? I pulled the trigger myself today, and I am going to pull the trigger on London open again with the remainder of spare £. Too early? I don't know but at yields that should and will be 8-12% for years to come, surely this is the time?
  • #55,207
  • Mar 12, 2020 4:08pm Mar 12, 2020 4:08pm
Quoting gatorinla
{quote} Wow, Thats a big drop. The bounce was evidently not coincidence {image}
Children shouldn't play with matches. 77% is gone.
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those who can, do. those who cant, talk about those who can
  • #55,208
  • Mar 12, 2020 4:13pm Mar 12, 2020 4:13pm
schools in Ohio and Md closing, prolly many more to follow, March Madness cancelled, what will be the peak of panic?

I think things won't start turning in the markets until there seems to be a well-coordinated public health response to the virus - first sign of that would need to be massive testing, ready availability of testing. jmho...

https://www.yahoo.com/entertainment/...204441998.html
"If The Fool persists in his Folly he will become wise." - William Blake
  • #55,209
  • Mar 12, 2020 4:17pm Mar 12, 2020 4:17pm
Quoting The Fool
schools in Ohio and Md closing, prolly many more to follow, March Madness cancelled, what will be the peak of panic? I think things won't start turning in the markets until there seems to be a well-coordinated public health response to the virus - first sign of that would need to be massive testing, ready availability of testing. jmho... https://www.yahoo.com/entertainment/...204441998.html
Where do you pick a bottom? If you believe China..a couple of months at home can cripple the spread. I think the market doesn't and perhaps much priced in already? You only have to look at the Shanghai Composite to see what trump could pull to stabilise things...
  • #55,210
  • Mar 12, 2020 4:18pm Mar 12, 2020 4:18pm
Quoting gatorinla
{quote} Children shouldn't play with matches. 77% is gone. {image}
Perhaps, putting a "businessman" who went bankrupt 6 times and is heavily indebted to the Russian mob/oligarchs in charge of the world's largest economy may not have been the best idea. #donnyzero
Follow the money --Mark Felt (Deepthroat)
  • #55,211
  • Mar 12, 2020 4:21pm Mar 12, 2020 4:21pm
Quoting KiwiTrada
{quote} au closing in on mondays bs candle leg kiwi just drop through 100% retrace daily fib she should pick up a little speed to catch aussie
AU fully retrace Mondays fubar candle leg and still trucking south kiwi still a little tardy but should do the same gold monthly if she makes a new low it is going to be 2 very nice bear candles even closing now would be ok UC flying, cable and geppy once got through very good support not continue trucking south uj didnt watch last nigh paradox cash flows was to them both accordingly they traded east most time but usd seems to have got the better, todays asia session may balance things back up, I do have a trade live on her from bottom of rising chanel 1hourly it was placed before shit hit fan, its actually looking quite good now although held by 200sma what now? can only trade what the charts show
If you are new to Forex? Say Goodbye to your account!!
  • #55,212
  • Mar 12, 2020 4:48pm Mar 12, 2020 4:48pm
Quoting beszle
{quote} Hi there, Long time lurker, so much interesting advice here thanks. In amongst the drop who has unloaded into yielding stocks? I pulled the trigger myself today, and I am going to pull the trigger on London open again with the remainder of spare £. Too early? I don't know but at yields that should and will be 8-12% for years to come, surely this is the time?
i would not rush with all the money yet. in 2008 i was done with money buyin in oct or nov 2008 - spx was down 30% from where i was left without money and bottom on some stocks were 50% lower than mu last buy- looking back it was ok but 2008 and 2009 were very bad and some economies in europe exp here were only working from 2011.

2nd look closely to balance sheet some of the debt players are heavy under shorta also dividend is high right now i.e XOM but they will probably cut it also capex to have more cash
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #55,213
  • Mar 12, 2020 4:53pm Mar 12, 2020 4:53pm
just saw aud nzd

i always buy at 1.03
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #55,214
  • Mar 12, 2020 4:55pm Mar 12, 2020 4:55pm
Quoting gatorinla
{quote} Children shouldn't play with matches. 77% is gone. {image}
Children shouldnt play with matches..Im hollering.
  • #55,215
  • Mar 12, 2020 4:56pm Mar 12, 2020 4:56pm
Quoting DMA Trader
{quote} i would not rush with all the money yet. in 2008 i was done with money buyin in oct or nov 2008 - spx was down 30% from where i was left without money and bottom on some stocks were 50% lower than mu last buy- looking back it was ok but 2008 and 2009 were very bad and some economies in europe exp here were only working from 2011. 2nd look closely to balance sheet some of the debt players are heavy under shorta also dividend is high right now i.e XOM but they will probably cut it also capex to have more cash
Thanks for the reply and I'm glad you mentioned XOM because I should have been more specific. I'm really talking about bp, rdsb. With rdsb in particular in mind for yields, I don't see how trump doesn't aim for 50-55$ oil to look after his own. How good do you want a 3-10 year setup? Just my guesses...(and my money). I've stayed out the market for 3 years waiting for my turn feeling I missed the boat, it's probably why I am jumping in too early Your ideas taken on board so thanks very much.
  • #55,216
  • Mar 12, 2020 4:58pm Mar 12, 2020 4:58pm
about to break resistance and give a buy signal
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Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #55,217
  • Mar 12, 2020 5:01pm Mar 12, 2020 5:01pm
Quoting gatorinla
{quote} Children shouldn't play with matches. 77% is gone. {image}
Children shouldnt play with matches..Im hollering.
  • #55,218
  • Mar 12, 2020 5:02pm Mar 12, 2020 5:02pm
Wish that was the Gold chart
I play the trade gamble to feed my Porsche addiction.
  • #55,219
  • Mar 12, 2020 5:05pm Mar 12, 2020 5:05pm
Quoting beszle
{quote} Thanks for the reply and I'm glad you mentioned XOM because I should have been more specific. I'm really talking about bp, rdsb. With rdsb in particular in mind for yields, I don't see how trump doesn't aim for 50-55$ oil to look after his own. How good do you want a 3-10 year setup? Just my guesses...(and my money). I've stayed out the market for 3 years waiting for my turn feeling I missed the boat, it's probably why I am jumping in too early Your ideas taken on board so thanks very much.
study CVX also - but. i would not put all money
cash is always good - even graham said never go above 75%

got a sleep a little can t keep my eyes open
Rule No.1: Never lose money. Rule No.2: Market is always right !
S&P 500 WTI/USD
  • #55,220
  • Mar 12, 2020 5:08pm Mar 12, 2020 5:08pm
Quoting DMA Trader
{quote} study CVX also - but. i woul not put all money also cash is always good - even graham said never go above 75%
Thanks will do so now and for sure, what sane family man bets his money without a couple of years contingency in the bank or more
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