Market crash! We have another Black Monday

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KDnR
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Re: Market crash! We have another Black Monday

Post by KDnR » Thu Mar 12, 2020 11:04 am

Oh my, what a ride. All out and it was .... :)

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Re: Market crash! We have another Black Monday

Post by admin » Thu Mar 12, 2020 2:34 pm

well, on the bright side, if you are worried about your stocks crashing, don't worry. you are not a crappy stock picker. everyone's stocks are crashing.

It is if your stocks don't recover with everyone else, then you might have a problem.
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Re: Market crash! We have another Black Monday

Post by admin » Thu Mar 12, 2020 2:34 pm

fed stepped in for 500 billion dollars, and the market hardly took a pause.
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KDnR
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Re: Market crash! We have another Black Monday

Post by KDnR » Thu Mar 12, 2020 2:45 pm

Made 7% on my portfolio with a recent bounce in DOW. Out for now. Bought NG

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Re: Market crash! We have another Black Monday

Post by KDnR » Thu Mar 12, 2020 3:18 pm

What I see now that the market cannot entice people to jump in and create a decent run from here. Level of fear like I never seen in my life. And I was trading 2000 and 2008, know some things...

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Re: Market crash! We have another Black Monday

Post by PXYC » Thu Mar 12, 2020 3:31 pm

https://www.expansion.com/mercados/2020 ... b4588.html

the very anticipated 12 March BCE communication didn't exacly brought us breaking news..
basically, UE will not lower interest rates (already at -0.5%), they will ease stress tests measures to eu banks, and they have increased by 50% their budget to refinance euro countries public debt for the remaining of 2020.

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Re: Market crash! We have another Black Monday

Post by nwdiver » Thu Mar 12, 2020 3:43 pm

Bear turf
It's all about the wine.

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Re: Market crash! We have another Black Monday

Post by admin » Thu Mar 12, 2020 4:25 pm

fed came in with 1.5 trillion in liquidity.

markets ran right over them. 8% down.

I am not even looking at my portfolio now.
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Re: Market crash! We have another Black Monday

Post by GringoVikingo » Thu Mar 12, 2020 9:30 pm

Obama left office with the Dow at 19,732.
All Trump growth maybe gone already on Monday?
Not only do I not know what's going on, I wouldn't know what to do about it if I did.
"George Carlin"

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KDnR
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Re: Market crash! We have another Black Monday

Post by KDnR » Fri Mar 13, 2020 8:59 am

Bear market? It's not. It is the GRIZZLY market and pretty much most of the value will be destroyed. I trained myself in reading charts, trading all that moves in the financial world. I do not care about the news, fundamentals or any other nonsense. I just read charts, study human behavior and trade contradicting the crowd.

I have been waiting for something like this for a while now. Saw that ugly bubble is forming and about to pop. I see early reversal signs of crashes. Was shorting in and out for the last month. Occasionally I would buy some for a very short time but I am not crazy to buy and hold in the overextended market.

B the way, some sectors do well in the bear market, not everything is crashing. But here is what I want to share here today. What we have here is the big one that happens once in a lifetime. We will see some bounce now and people will be thinking it is all over. But it will do what market did from 1929 to 1932, just faster.

Get ready, be safe and be wise.

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Re: Market crash! We have another Black Monday

Post by admin » Fri Mar 13, 2020 12:22 pm

bloomberg just graphed this weeks crash against 1929.

Guess which one was a steeper sell-off?
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Re: Market crash! We have another Black Monday

Post by admin » Fri Mar 13, 2020 2:00 pm

Trump is going to give a speech.

That is sure to kill this little market rally.
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