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Thread: Dow, S&P, NASDAQ Futures Open Ugly (Limit Down Again)

  1. #1

    Dow, S&P, NASDAQ Futures Open Ugly (Limit Down Again)

    DJIA F 18,086 -954 -5.01%
    S&P F 2,174.00 -114.50 -5.00%
    NASDAQ F 6,628.75 -340.25 -4.88%
    Gold 1,489.70 5.10 0.34%
    Silver 12.365 -0.020 -0.16%



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  3. #2
    Quote Originally Posted by Swordsmyth View Post
    You only show up to attack Trump when he is wrong
    Make America the Land of the Free & the Home of the Brave again

  4. #3

  5. #4
    Greatest economy ever!
    Chris

    "Government ... does not exist of necessity, but rather by virtue of a tragic, almost comical combination of klutzy, opportunistic terrorism against sitting ducks whom it pretends to shelter, plus our childish phobia of responsibility, praying to be exempted from the hard reality of life on life's terms." Wolf DeVoon

    "...Make America Great Again. I'm interested in making American FREE again. Then the greatness will come automatically."Ron Paul

  6. #5
    Quote Originally Posted by Warlord View Post
    Crash tomorrow!
    You think so? I wouldn't be surprised. Any particular reason though? Maybe now that a billion people worldwide are on lockdown, they're comfortable crashing the economy?

  7. #6
    Quote Originally Posted by BortSimpson View Post
    You think so? I wouldn't be surprised. Any particular reason though? Maybe now that a billion people worldwide are on lockdown?
    Senate shenanigans will surely send it down, if they reach a deal maybe it will rally

    Who knows .

  8. #7
    Quote Originally Posted by CCTelander View Post
    Greatest economy ever!
    Yep.

    I wanted for 12 years.

    All this time being called a "conspiracy theorist" paid off.

  9. #8
    Quote Originally Posted by Warlord View Post
    Senate shenanigans will surely send it down, if they reach a deal maybe it will rally

    Who knows .
    if they do, it won't be this bill.



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  11. #9
    Quote Originally Posted by BortSimpson View Post
    You think so? I wouldn't be surprised. Any particular reason though? Maybe now that a billion people worldwide are on lockdown, they're comfortable crashing the economy?
    It's THIS simple : unless and until there's a bill to bailout the average American, stocks will drop.

    Why?

    -nobody can work
    -nobody can pay rent
    -nobody can invest

  12. #10
    Quote Originally Posted by PRB View Post
    It's THIS simple : unless and until there's a bill to bailout the average American, stocks will drop.

    Why?

    -nobody can work
    -nobody can pay rent
    -nobody can invest
    -nobody can continue to print fiat currency to prop up the economy

  13. #11
    Nothing that the Fed pledging to melt the FRN dollar can't fix. Futures completely turned from limit down to major green in a couple hours on a pre-market Fed announcement that it will buy everything forever.
    "Let it not be said that we did nothing." - Ron Paul

    The entire internet is the domain of paid shills and bots. If you don't know this by now....

    Israel, under control of the Crown and, ultimately, the Vatican, own the USA. If you don't know this by now....

    Talk to people about liberty. You won't find it on websites, you won't find it in politicians.

    But now you can't talk to people because of "social distancing"....brought to you by shills and politicians.

  14. #12
    Quote Originally Posted by CCTelander View Post
    Greatest economy ever!
    I will have to thank Trump when I can get Tesla at around $80 a share.
    Quote Originally Posted by Swordsmyth View Post
    They are coming home, all the naysayers said they would never leave Syria and then they said they were going to stay in Iraq forever..... just like Trump said.



    Whenever you find yourself on the side of the majority, it is time to pause and reflect - Mark Twain

    Fascism Defined

  15. #13
    Quote Originally Posted by devil21 View Post
    Nothing that the Fed pledging to melt the FRN dollar can't fix. Futures completely turned from limit down to major green in a couple hours on a pre-market Fed announcement that it will buy everything forever.
    Well, everything but equities, for now.

    ponders what markets mean when a market participant has a money-printing press.....
    "The journalist is one who separates the wheat from the chaff, and then prints the chaff." - Adlai Stevenson

    “I tell you that virtue does not come from money: but from virtue comes money and all other good things to man, both to the individual and to the state.” - Socrates

  16. #14
    Quote Originally Posted by Original_Intent View Post
    Well, everything but equities, for now.

    ponders what markets mean when a market participant has a money-printing press.....
    It means Gold going to the moon. Up 50 bucks so far.

  17. #15
    Quote Originally Posted by Warlord View Post
    It means Gold going to the moon. Up 50 bucks so far.
    Sure there will be winners and losers. Bottom line, in my book we just took the final step to dictatorial, banana-republic status.

    All accomplished while Sheepus-Americanus is distracted by the covid-19 shiny object.
    "The journalist is one who separates the wheat from the chaff, and then prints the chaff." - Adlai Stevenson

    “I tell you that virtue does not come from money: but from virtue comes money and all other good things to man, both to the individual and to the state.” - Socrates

  18. #16
    People who correctly bet on the destruction of paper money are probably not going to come out of this on top btw (despite being 100% right all along). If the country goes down then we all go down. And are there even any countries to escape to anymore?

    Based on the policy "mistakes" that have failed over-and-over again throughout history, yet were repeated by practically every country in the world in recent years/decades, it sure seems like central planners wanted to bring the current system down EVERYWHERE and create a new system more to their liking (a much more authoritarian system with full control and tracking of citizens, etc).



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  20. #17
    Quote Originally Posted by BortSimpson View Post
    People who correctly bet on the destruction of paper money are probably not going to come out of this on top btw (despite being 100% right all along). If the country goes down then we all go down. And are there even any countries to escape to anymore?

    Based on the policy "mistakes" that have failed over-and-over again throughout history, yet were repeated by practically every country in the world in recent years/decades, it sure seems like central planners wanted to bring the current system down EVERYWHERE and create a new system more to their liking (a much more authoritarian system with full control and tracking of citizens, etc).
    Silver is UP. Trump's new corona swab test is building up the DHS DNA database, a New World disOrder is coming into view.

    Last edited by RonZeplin; 03-23-2020 at 09:44 AM.
    Quote Originally Posted by Swordsmyth View Post
    You only show up to attack Trump when he is wrong
    Make America the Land of the Free & the Home of the Brave again

  21. #18
    Quote Originally Posted by RonZeplin View Post
    Silver is UP. Trump's new corona swab test is building up the DHS database, a New World disOrder is coming into view.

    This has been going on since well before Trump got into office. That's not to say he hasn't continued the policies.

  22. #19

  23. #20
    Quote Originally Posted by PRB View Post
    It's THIS simple : unless and until there's a bill to bailout the average American, stocks will drop.

    Why?

    -nobody can work
    -nobody can pay rent
    -nobody can invest
    How can the government bail out Americans though? By printing new money and handing it out? If that worked then why would people ever need to get a job?

    All money printing does is cause prices to rise. Why? Because it's more money (in this case, "infinite money") chasing the same amount of goods. That money will be used to bid up prices, which will ultimately hurt the little guy.

    Remember that "wealth" is goods and services. The "quantity of money in the system" only affects the prices of those goods and services (depending on how the money is used to bid them up).
    Last edited by BortSimpson; 03-23-2020 at 11:01 AM.

  24. #21
    Quote Originally Posted by Original_Intent View Post
    Well, everything but equities, for now.

    ponders what markets mean when a market participant has a money-printing press.....
    Actually, the Fed already announced they'll take stocks as "collateral" for repos from primary dealers. So no the Fed isn't officially buying right off the exchanges but may as well be.

    I can't imagine there's much of an organic bid side in the markets right now so the Fed promising to take stocks from the PDs making the markets (likely using mark-to-fantasy valuations) basically backstops the bid side and prevents the bottom falling out from "no bid".


    Quote Originally Posted by Todd View Post
    I will have to thank Trump when I can get Tesla at around $80 a share.
    That's assuming the Fed doesn't hold full title (Fed already owns all shares via the DTC, as trustee) all of their shares by the time this all shakes out.
    Last edited by devil21; 03-23-2020 at 09:15 PM.
    "Let it not be said that we did nothing." - Ron Paul

    The entire internet is the domain of paid shills and bots. If you don't know this by now....

    Israel, under control of the Crown and, ultimately, the Vatican, own the USA. If you don't know this by now....

    Talk to people about liberty. You won't find it on websites, you won't find it in politicians.

    But now you can't talk to people because of "social distancing"....brought to you by shills and politicians.

  25. #22
    Quote Originally Posted by BortSimpson View Post
    How can the government bail out Americans though? By printing new money and handing it out?
    Yes.

    If that worked then why would people ever need to get a job?
    Because
    1. it's temporary
    2. it's not enough to replace a job but better than nothing
    3. you forgot that there's already deflation and forced unemployment

    All money printing does is cause prices to rise. Why? Because it's more money (in this case, "infinite money") chasing the same amount of goods.
    More money compared to a vaccuum just 2 weeks prior, so it's barely making up for loss of through deflation.

    That money will be used to bid up prices, which will ultimately hurt the little guy.
    Most little guys are in debt, so they'll be paying off debt before the money gets to inflate anything.

    Remember that "wealth" is goods and services. The "quantity of money in the system" only affects the prices of those goods and services (depending on how the money is used to bid them up).
    yes, and for 2 weeks of reduced work, productivity, purchasing power, speculative value, all went to s***. some wealth is lost and gone forever, so the least that can be done is use some money to lubricate transactions until work resumes.



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