patrick.net

Lol futures are coming back despite CNN posting one market horror story after the other because tds.

I love the “analysts” on the financial programs explaining why the market is crashing. What a bunch of dopes.

mell says

Lol futures are coming back despite CNN posting one market horror story after the other because tds.

Correct me if I am factually wrong, but DJIA closed at 24345 and right now the DJIA futures are at 23443, which amounts to another 898 points drop in the making after market close today. Nobody knows whether this new drop will last until tomorrow morning, but it is well within the realm of possibilities.

CBOEtrader says

Short it at 28, trust me

Short what? The Feb. VX contract was quite under VIX at the close and expires next week. It can easily be pulled up for a few days. VX spreads? M1-M2 has the same issue and the curve is rather flat farther out.

I have been out of XIV and the likes since Feb last year exactly because of what happened today. VXX or UVXY puts? Very expensive right now + the funds are quite unstable at the moment.

justme says

mell says

Lol futures are coming back despite CNN posting one market horror story after the other because tds.

Correct me if I am factually wrong, but DJIA closed at 24345 and right now the DJIA futures are at 23443, which amounts to another 898 points drop in the making after market close today. Nobody knows whether this new drop will last until tomorrow morning, but it is well within the realm of possibilities.

True. Still the doom coverage is interesting.

It's All Obama's Fault - whatever happens bad from here until 2020, it's all Obama's fault.

———————

The Trumpcucks been saying that this is all Donalds doing now for weeks. While it was going up

errc says

It's All Obama's Fault - whatever happens bad from here until 2020, it's all Obama's fault.

You mean 2024.

Onvacation says

t's All Obama's Fault - whatever happens bad from here until 2020, it's all Obama's fault.

That was Obama's forumula-anything went wrong was Bush's fault. I don't see the DJT blaming Obama?

lostand confused says

   

Onvacation says

t's All Obama's Fault - whatever happens bad from here until 2020, it's all Obama's fault.

I never said that.
It's all a poppy show!

lostand confused says

That was Obama's forumula-anything went wrong was Bush's fault. I don't see the DJT blaming Obama?

Let's see how this works, O took over at the depth of the second biggest financial crises in history mired in 2 totally screwed up wars that had been dragging on for 7 years. There wasn't any blame for Bush to be had?

T takes over after 8 years of steady growth and after spending a year of braying about how he made the economy better the downturn is O's fault.

Really? You seriously want to sell that load of steaming stuff?

bob2356 says

Let's see how this works, O took over at the depth of the second biggest financial crises in history mired in 2 totally screwed up wars that had been dragging on for 7 years. There wasn't any blame for Bush to be had?

T takes over after 8 years of steady growth and after spending a year of braying about how he made the economy better the downturn is O's fault.

Really? You seriously want to sell that load of steaming stuff?

Blah, blah, blah. Show me where trump is blaming Obama for this as dems mockingly claim??

Obozo the clown blamed Bush for a long , long time. All of Bush's shennnagins was exposed before eh took office-unlike the soviet style KGB shadow govt he ran and is coming to light now. Liberals, liberals.

Wow Ford is at 10 bucks. I know auto sales is not doing that great- any other bad news?

Like speculated a decent open. Still volatile but looks like fear has subsided some.

anonymous says

“Because the Obama economy was so weak all of these years, we had just artificially cheap money,” Hannity said, referring to a Fox News analysis he had seen on the cable network.

He explained that “cheap money” is from borrowing at “ridiculously low rates,” which he added must now end.

“The government has artificially, the Fed has artificially, kept the price of money down and the price of borrowing down, and now that’s going to come to an end.”

Hannity is right here.

Yep, Interest rates must go up.

bob2356 says

T takes over after 8 years of steady growth and after spending a year of braying about how he made the economy better the downturn is O's fault.

If you were paying attention, the Obamacucks have been saying the market rise the last year was because of the wonderful economy Obama left Trump. You know, the one were the market rose 600 points over the last two years with Obama (after 6 YEARS of recovery). So, the Obamacucks have said the 6000 point rise the last year or so was all because of Obama.

So now, those same Obamacucks have to OWN this correction.

See how that works?

Here’s how much the stock market would have to drop to wipe out Donald Trump’s stock rally.

Trump still has a large cushion before the Dow's postelection gains disappear.

The Dow closed at 18,332.74 on Nov. 8, 2016, Election Day, which means there is 6,013 points to go before the Trump rally is gone.

From its high on Jan. 26 at 26,616.71, the benchmark index has declined nearly 2,300 points or 8.5 percent through Monday's close at 24,345.75.

Trump still has a big cushion. The Dow closed at 18,332.74 on Election Day, Nov. 8, 2016, which means it has 6,013 points to go before the Trump rally gains disappear.

Detractors may point to the Dow Jones industrial average's recent stumbles, but the benchmark index has much further to fall before Trump's postelection gains are gone.

https://www.cnbc.com/2018/02/06/heres-how-much-the-stock-market-would-have-to-drop-to-wipe-out-donald-trumps-stock-rally.html

The Dow closed at 18,332.74 on Nov. 8, 2016, Election Day, which means there is 6,013 points to go before the Trump rally is gone.


Trump became president January 20, 2017.
Obama was president all through 2016

The market was at 20k when Trump took office.

errc says

he Dow closed at 18,332.74 on Nov. 8, 2016, Election Day, which means there is 6,013 points to go before the Trump rally is gone.


Trump became president January 20, 2017.
Obama was president all through 2016

The market was at 20k when Trump took office.

Yeah- I missed out on massive gains. Moved to buy two rental units instead to diversify and not get in with so much spare cash at these highs. It has been going up for very long-but nobody knows what the high will be. I thought it wouldn't cross 20k but cross it did and went straight up. I did make decent profit before that, but lets see how this correction go-will it go back to lower 20s or lower or go to 30K?

if I knew I would be a billionaire.

mell says

Earnings are solid so I don't see a crash coming.

My concern with that logic is that stocks, and the economy in general are highly manipulated, so earnings aren't the only indicator of where a stock will go. I used to work at Illumina, a company that has gone nowhere but up, yet in 2008, they took a big hit to their stock just like everyone else.

errc says

Obama was president all through 2016

Thank God he's gone, that 300 point gain all of 2016 (until Trump got elected) was wonderful.

My precious Bentley, it's gone! I was just getting ready to hire an immense hirsute lesbian chauffeur in livery and a knobby strap-on gold hood ornament.

And there's a 500 point upswing!

Dow surges 500 points, hitting new high of the day after crazy swings
As of 3:08 p.m. ET, the Dow is 500 points higher and trading at a new session high.
At its session low it was down by 567 points.
"I thought we were going to see the bottom within five minutes of when we opened. I think that's basically what we're seeing," says Ed Keon of QMA.

https://www.cnbc.com/2018/02/06/us-stock-futures-dow-data-earnings-market-sell-off-and-politics-on-the-agenda.html
Hope you brought the dip!

www.youtube.com/embed/3ScuVQVRYK0

If you're not a square from Delaware
And your momma ain't on Welfare,
Scream Oh Yeahhhhhhh

Hope you brought the dip!

Outside of my large holdings in American coal, I can’t bring myself to invest in companies in this shithole country, while there’s so much money to be made in Great Freedom and Liberty loving nation to our north.

I enjoyed seeing the nice bounce up late in the day.

Highest Single Day Gains in Two Years!

errc says

Outside of my large holdings in American coal, I can’t bring myself to invest in companies in this shithole country, while there’s so much money to be made in Great Freedom and Liberty loving nation to our north.

Why not Haiti?

justme says

Nobody knows whether

Nobody knows nothing.

TwoScoopsPlissken says

errc says

Outside of my large holdings in American coal, I can’t bring myself to invest in companies in this shithole country, while there’s so much money to be made in Great Freedom and Liberty loving nation to our north.

Why not Haiti?

Wut

errc says

my large holdings in American coal,

Why?

Why?

Mainly for the distribution (~11%), but also for the appreciation (>50%).

Do you have something better?

errc says

Wut

errc says

Wut

Why don't you invest with diversity? Haiti needs a lot of development. Could be big demand for Zombie Juice or Nappy Headed AIDS Prostitution or whatever they make there.

errc says

Why?

Mainly for the distribution (~11%), but also for the appreciation (>50%).

Do you have something better?

It loses even to the indexes as the chart clearly shows. I don't see any reason to have "large holding" of it.

Who's your daddy who called it?

Satoshi_Nakamoto says

errc says

my large holdings in American coal,

Why?

because a certain feathered animal said so?

Ouch.

TwoScoopsPlissken says

Highest Single Day Gains in Two Years!

It's all Obama's fault!

TwoScoopsPlissken says

errc says

Wut

errc says

Wut

Why don't you invest with diversity? Haiti needs a lot of development. Could be big demand for Zombie Juice or Nappy Headed AIDS Prostitution or whatever they make there.

I’m diversified in a few other American equities, I thought we were talking about buying stocks now (you said bought the dip). The only American equity I’m currently adding to (drip) is ARLP. Otherwise, all new money goes into Canadian based Cannabusinesse$$$$$. ARLP cut a distribution check today, shen that hits my account next week, I’ll likely dnd dividend reinvestment in them as well, and direct that money to Canada as well. Thanks for your guys concerns, where do you post your investment ideas and recommendations here? Or do you only talk about other people’s?

I'm in ARLP too, for the dividend, and eventually gas/oil will go back up, especially if MAGA continues to go from strength to strength.

I'm more interested in industrial uses of Hemp.

Eric Holder says

errc says

Why?

Mainly for the distribution (~11%), but also for the appreciation (>50%).

Do you have something better?

It loses even to the indexes as the chart clearly shows. I don't see any reason to have "large holding" of it.

Opportunity cost is a two way street. If I sell, i lose out on the quarterly distribution AND book the gains, which means the taxman will want to dip his grubby hands in it.

I have thought of it but I’d rather continue down this current path as it’s been very successful. Feel free to post any picks you have with potential for 50+% gains alongside double digit dividends. Thanks