First my thoughts go to all the medical personel and victims fighting this terrible desease .
Secondly while at home one can make the time usefull and really learn about trading .
The best info on the net is from mark douglas .
By the way its mostly psychology that is the problem.
Andromed you are very right; the front line is the doctors, nurses, medical aid staff who are all risking their lives with one of the most vicious invincible enemy...Corona.
And even more so when they don't have enough equipment to save lives, and their own.
I've read that Elon Musk won't be able to make ventilators that are conform to standards and in time. And GM and Ford haven't started yet. Some states, like new York for example, are going to run out of ventilators in only ten days.
What I'm personally learning about the stock market right now is that we could see oil hitting $5 a barrel, the S&P might get down to 2,000 (I have zero clue how much lower ...), the DJIA could hit rock bottom (numbers are irrelevant now).
When the world is fighting an invisible enemy of unknown true unleashed power that we only have minimal data to look @ right now, and that most world's countries are unprepared, with slowly advancing number of cases and deaths (roughly doubling per week), with the aviation industry pretty much shot down (passenger planes still flying aren't a good idea), the cruise ship industry in quandaries (over 16 ships can't dock, anchored blind on the ocean), the world best to stay inside, going food shopping is like going through enemy lines @ night with boobietraps, barbwires, grenades falling from the skies above your head, ...our financial investments in the stock markets, our businesses, our finances they all take a huge down waterfall hit.
If you didn't get insider information before the start of this market's downfall (what a Corona pandemic can do to your health and wealth and etc.), or you are toast or just about to.
This is it, the big one...on the way down...way way deep deep down.
Into the pitch black darkness of the abyss.
That's my opinion on the state of the affairs of things to come very soon, sooner than what most experts can predict. You can disagree it is your right, you can fight it is your right, you can send me to hell, welcome. It's a figure of speech. To say that with a pandemic like the one we are living right now the world financial empire is in chaos, in a pandemonium, in a downslide spiral powerful enough to make your head spin and the rest of your body to lost foot. It's a way of speech.
The more you fight with energy the harder you fall. Best to keep calm and relax and stay home listening to Opera.
First my thoughts go to all the medical personel and victims fighting this terrible desease .
Secondly while at home one can make the time usefull and really learn about trading .
The best info on the net is from mark douglas .
By the way its mostly psychology that is the problem.
It is a lifetimes of work....discipline and knowledge of when trends go to extremes. There's a boatload of people...very smart people that will blowup that are Wall Street pros. When you have a Fed that removes risk...people get complacent...and a long comes a black swan. Not a easy game by any means.
Very smart people ?
It was a stock buy back ponzi scheme
Let them.blow up and restructure the debt with a new management
If they would have put some more money in real reserves it would be much better.
Now that it blows up wall street wants another bail out.
If you call yourself a " hedge fund " you gotta protect yourself against calamities.
Regular business is another story afaic.
Very smart people ?
It was a stock buy back ponzi scheme
Let them.blow up and restructure the debt with a new management
If they would have put some more money in real reserves it would be much better.
Now that it blows up wall street wants another bail out.
If you call yourself a " hedge fund " you gotta protect yourself against calamities.
Regular business is another story afaic.
I'm talking about guys like Dalio and Buffett. I booked 6 figures this morning...I've had some big trades before but this one was a life changer for 60 days work. Looking for another opportunity.
The market is totally rigged.
The fed is buying everything.
Banks can park anything at the fed for $$ cash .
We just might have seen the lows because of that.
The ultimate backstop is in .
Sure Can't print Gold. I am no economist. I just wonder if you already have shit load of debts nothing happens when you print trillion and trillion more? It is great to own a casino that has its own printing machine working when the house is losing. We all should have a printing machine in the back yard.
Sure Can't print Gold. I am no economist. I just wonder if you already have shit load of debts nothing happens when you print trillion and trillion more? It is great to own a casino that has its own printing machine working when the house is losing. We all should have a printing machine in the back yard.
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