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‘There Are Calls For A Market Closure To Stop The Bleeding’
Man down!
As expected after an overnight session that found futures flatlined, US equities were hal
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The market is behaving better this morning than what I would have expected last night. I am not calling a bottom here- it could well correct more. But you can get caught short here as well. Calls for market closure are misguided in my view at this time. That should be saved in the event the virus were to completely shut the country from functioning. We are not at that point- and we should be trying to use government poicy including but not limited to fiscal and monetary policy to solve our problems, at present. As troubled and dysfunctional as our response has been, it appears that even the foolish mayor of NYC, Bill Deblasio is starting to get the joke. (Deblasio is almost as dumb as Trump- neither ready for prime time).
almost 3pm… looking like you were right
Fed just announced an additional $500B overnight repo operation. This is not business as usual.
What’s the over-under on Trump tanking markets when he addresses the country at 3:00?
I’m not gonna blame Trump for the 800 Dow points we lost after he started speaking.
Military personnel are being called back to base and put in 14 days quarantine as standard procedure.
I think the system is in full panic mode and testing a lot of contingency programs , off the shelf , that involve control of the population.. All systems have a primary goal…”Staying in Power ” by all means available..
‘They may take our lives but they will never take our freedom to sell!’
Future earnings are the only thing that matters and there will be no more easy and fun market for at least a year or more. Market is broken and now it’s a waiting game. Vix/10yr tells story & 2yr treasury is proxy for what 10yr will be One yr from now! Amen
There’s no floor until Buffet comes out and says he is buying. That is the bottom line.
If market shuts down for a few weeks, trying to determine if it would be better to be in or out of US equities ahead of any shut down.
Thoughts?
I am not a Donald Trump fan (ahem) or MAGster, but I thought this was the least obnoxious and most effective press conference he has ever given. He hasn’t given many, and no one is ever going to confuse him with JFK, but he was sober, serious, and reasonably well informed.
You would have to close ALL markets globally for market closures to be fair and effective. You’re locking up someone’s ability to fullfill their legal obligations. (margin calls in one market requiring liquidation in another market).