stock market was up today...

[lawgator1]

I wonder how close we are to targeted stimulus. To airlines, maybe even banks. Add to liquidity. And how close are we to things seizing up if that doesn't happen.

 

[TheColdVolTruth]

UWT, the 3x I was in, closed at $4.02 Friday. If the 25 % drop sticks overnight, it should open at approx. $1.

I bought at $4.28.

Luckily not a lot of it. But my expectation that S.A. and Russia would come to terms was ... in error.

That's unfortunate. My rule of thumb over the last few years has been if oil spikes, short it back down. It spiked when Iran bombed Aramco, and then it bled out over the next couple of weeks. It spiked when Soleimani was taken out, and then it pulled back over the next couple of weeks. Wash, rinse, repeat. At some point the bull case for oil will be realized, but I have know idea at what level that might be.

 

[lawgator1]

That's unfortunate. My rule of thumb over the last few years has been if oil spikes, short it back down. It spiked when Iran bombed Aramco, and then it bled out over the next couple of weeks. It spiked when Soleimani was taken out, and then it pulled back over the next couple of weeks. Wash, rinse, repeat. At some point the bull case for oil will be realized, but I have know idea at what level that might be.

Both yours and mine are short trades, ideally a day. I just expected a bounce Friday if Russia got on board with cuts. When that did not happen I figured maybe over the weekend, and instead S.A. decides to fire sale oil at a market-crushing level. I know that's intended to get Russia to the table. But with no way to know how long that might take, an investment in one of these 2x or 3x funds won't be around if you're wrong (like I was).

I am not versed enough in it to know if there is some vehicle for a 2--4 week trade, other than the oil companies.

 

[TheColdVolTruth]

S.A. decides to fire sale oil at a market-crushing level. I know that's intended to get Russia to the table.

I don't know if that's the intent by the Saudis or if something else is going on here. Russia doesn't need $50/bl for their budget. I think they saw the impact the steep drop in demand was having on US energy companies, and they moved to gain market share. I know you think Vlad loves Trump, but Vlad loves Vlad. The Saudis have a recent cash infusion from the Aramco ipo, and they may well be trying to get Russia back to the table. OTOH, they may also see an opportunity to pile on the US companies as well.

 

[Ernest T. Vol]

I wonder how close we are to targeted stimulus. To airlines, maybe even banks. Add to liquidity. And how close are we to things seizing up if that doesn't happen.

Oil down 30 plus % overnight has to blow up something. Any funds long and levered into the weekend from Friday are DEAD.

 

[Velo Vol]

 

[37L1]

It's going to be epic. Some people will make a lot of money after this.

 

[evillawyer]

Where's @NorthDallas40 to tell me how rosy everything is?

 

[MontyPython]

Germany and England down 7.5%.

US markets set to open at limit down.

Thank god we have a stable genius to lean on.

 

[NorthDallas40]

Where's @NorthDallas40 to tell me how rosy everything is?

Scroll back a bit girl. Finger poised over the buy button is where I’m at.

 

[NorthDallas40]

It's going to be epic. Some people will make a lot of money after this.

I parked my money last fall. Three weeks ago I was clueless. Today I’m a genius...

 

[Velo Vol]

Where's @NorthDallas40 to tell me how rosy everything is?

Even better

 

[NorthDallas40]

Even better

LMAO I guess you’re one of those but high sell low kinda guys

 

[evillawyer]

Even better

Wonder how bad the cruise line stocks are doing. I wouldn't be surprised to see some go bankrupt within the next year.

 

[Velo Vol]

Scroll back a bit girl. Finger poised over the buy button is where I’m at.

Have fun.

 

[NorthDallas40]

Have fun.

LMAO!!!

 

[Fun coupon VOL]

This pandemic(haha) is making it easier for average citizens to borrow money and it isn’t even going to affect them.

Inflation is going to be through the roof.

 

[MontyPython]

Donald is sooooooooooooooo out of touch. Pandemic in motion and he tweets about politics.

Elect a clown, expect a circus.

 

[DancingOutlaw]

If we weren’t buying a house I’d be plowing some cash into this. This is a ridiculous oversell. Why should the market drop 15% over something that has killed less than 20 people here? Whatever supply chain hiccups this causes with China will be short term. Why you would be selling right now is beyond me.

 

[37L1]

When this bottoms out, and it will, the buy back in will make your head spin. Some people are going to make a lot of money out of this. Will you be one of them?

 

[Fun coupon VOL]

If we weren’t buying a house I’d be plowing some cash into this. This is a ridiculous oversell. Why should the market drop 15% over something that has killed less than 20 people here? Whatever supply chain hiccups this causes with China will be short term. Why you would be selling right now is beyond me.

If people think the media wasn’t weaponized before, it is now. This is being played up by the media because this is the last shot they got at Trump.

If trump was smart, he would sit back and shut up, but he doesn’t know how to do that.

 

[NorthDallas40]

When this bottoms out, and it will, the buy back in will make your head spin. Some people are going to make a lot of money out of this. Will you be one of them?

I’m poised to be if I’m not too greedy and can be patient.

The 7% trigger on halting trade for 15 minutes was hit a couple of minutes ago. Will be interesting to see what happens when trading resumes. I can’t imagine they hit the 13% much less the 20% triggers yet but who knows

 

[UT_VOLS13]

Dow plunges nearly 1,900 points before being halted, oil crashes as price war erupts

 

[85SugarVol]

Glad I didn’t buy last week. Still holding out.

 

[carlos86]

I wonder how close we are to targeted stimulus. To airlines, maybe even banks. Add to liquidity. And how close are we to things seizing up if that doesn't happen.