Off The Rails.

Off The Rails.

It was not pretty across markets on Monday, as traders and investors attempted to price something that isn't priceable - namely a total shut down of the US economy. It doesn't help that liquidity is the worst since the crisis (or the worst ever, depending on your preferred metric and also which asset class you're looking at). The situation improved for Treasurys on Monday, but that's not saying much considering how bad it was last week. “Better, but still very illiquid", is how John Fath, man
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7 thoughts on “Off The Rails.

  1. Might have been nice to let a little air out of the Balloon ( that really wasn’t a balloon…LOL) while the opportunity was available .. Then again everyone was so busy listening to the band as it played the Theme to the movie Titanic ..After all there were all those Rosy analyst expectation and Greatest Market of all times claims… This time is different only in the date ….I get more and more convinced objective and subjective have merged into one big guessing game and that the abstract world of Philosophy is more useful in understanding elements of some of what we are seeing….

  2. I am rather surprised by US infection and death rates. When do we that spike and what will be the additional psychological toll on retail investors.

    According to dialogue with US brethren, a lot of people in the so-called flyover states continue to mumble conspiracy theories related to ousting of Trump or parrot his earlier comments that it is a fly which will miraculously disappear in the Spring.

  3. It certainly seems difficult keeping up with this. I’ve seen several analyses that read “ultimately, if present trends continue, bad thing X could happen” (to a stock chart, an index, an economic bit, etc) … and bad thing X proceeds to happen by next mid-morning. Amazing stuff

  4. They are Snowflakes, Socialists, Police Haters, Against the Wallers, Regulators, Climate Change Believers, Nanny Staters. Perma Bears; BTFD, TINA, IIDTT and you don,t wanna miss out.

  5. A collapse of some sort was inevitable. The Corona virus is a big pin but it just show how hollow our gains have been and the underlying rot beneath it all. Trump and his band of grifters and hacks have run the country like he ran his businesses. Leverage to the hilt, appear to fabulously wealthy, and then leave others to hold the bag. We the citizens of the United States will be left to hold the bag after of 4 years of criminality, incompetence, dismantling of our civil service and system of justice, turning our allies into adversaries and our adversaries into out and out enemies, and making half of America hate the other half. Most believe a quick recovery will follow but only if the rot that is now firmly entrenched in Washington is rooted out.
    God help us if Trump’s recent performances (10 out of 10!!) haven’t shown his supporters that the emperor is naked, and has been since he took office.

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