Loading ...As you say, “so far, so good” and could get better for you Monday.
I have to think the PPT was in the SM all day today and just got overwhelmed. Maybe holding their fire until Monday, which at this point looks to be an ugly open in my humble opinion.
long overdue and healthy pullback…then that allows for door to be open to a lonnnnnnnnnnng shot mini-black Monday…the unimaginable–or just an ordinary 300-400 pt down day as part of an innocuous correction…
is now over as the indexes return to their lows…35 minutes to go….so…stick save or fasten your seat belts??
Only the Shadow knows
As you like. You can also edit and delete your own posts as well. FYI
Cheers
cleared to fly by summer…so what? Then alls clear for stocks to zoom all the way back today? So far the NAZ–S&P–and the Trannies are not far off their lows…a nice down close today would set up monday for the “kick off”…nothing for sure…I still got a lot of respect fot this mkt and the FED trade desk
That “ruling” sounds like a FED undercover operation…or maybe a republican job
Those darn one-arm platforms attached to a chair… but only on the right side. Talk about discrimination against Lefties… We have no arm support and the left elbow is thrashing in space as we try to write. Possibly another reason I chose not to finish college.
I’ve heard it before, but I don’t consider it offensive.
Please delete the joke I posted at 8:51.
I think it was not proper at the time
so far it is down 2.5 %……and the old saying is up by the stairs and down by the elevator..
So this ain’t even started ….yet !!!!!
I think the fracking companies have much higher costs. The rest of the oil bidness is doing better. It’s hard to argue with rising bankruptcies.
“gas&oil share bear funds have been shining this week.” Makes sense …
but the percentage moves are tame, so far,…..as are the PM shares and of course Silver is still within a couple of trades of going sub $ 18.00….no panic yet.
gas&oil share bear funds have been shining this week.
U.S. Shale Patch Sees Huge Jump In Bankruptcies
Following the sharp re-drop in oil and natural gas prices in late 2018, bankruptcy filings in the US by already weakened exploration and production companies , oilfield services companies, and “midstream” companies (they gather, transport, process, or store oil and natural gas) jumped by 51% in 2019, to 65 filings, according to data compiled by law firm Haynes and Boone. This brought the total of the Great American Shale Oil & Gas Bust since 2015 in these three sectors to 402 bankruptcy filings.
The debt involved in these bankruptcies in 2019 doubled from 2018 to $35 billion. This pushed the total debt listed in these bankruptcy filings since 2015 to $207 billion. The chart below shows the cumulative total debt involved in these bankruptcies since 2015.
Bears are sooooooooo traumatised by the relentless 10 yr bull run that even the most diehard ones dare not call for anything mor than a 3 to 5 percent correction…not to mention in polite company the DREAD 10 %er…if one mentions a crash or a 50% drop they run the risk of being commited to a psychiatric hospital…
That said…no need to start waving Pom-Poms…let’s see if we can close the day without the customary “hidden hand” coing in and buying everything in sight
to actually print red for more than 15 seconds…aslo a few pundits have been mentioning a loss of momentum…but really, everything was just coming to a head like a puss filled boil…all the record stuff–historic low VOL–historic over valuation…and also history has had a few corrections in Jan/FEB…also a few other pundits I follow–lke Armstrong hasvestrong turn days around Jan 16 th or so….so why not take a stab for “small” coin?
So far so good but I ain’t opening any Champagne bottles yet
************************************************************************
I know there could be a $50K or $100K trade out there IF we get a VOL-explosion…especially with the historic bullish sentiment and historic low volatility…and, for 1000 or 2000 bucks a trade…I don’t mind taking stabs at trying to catch it–besides it keeps my mind off of me slowly sinking below the horizon and my winding sheet neatly folded and moth balled in the cedar chest…
In those days inflation didn’t happen over night or in a few years. By the time you went in high school and got out the cost of living didn’t double or triple.
Nor did parents have to pay up to 1000 for medical insurance or say medical insurance didn’t take up that much of your salary or income.
It’s moving too fast and can’t move anymore without breaking society. It already is and people don’t take anymore. It will lead straight to socialism or civil unrest.
You write well for having Dyslexia.
I started studying it by accident as a young nurse. Because hospitals were heavy on forceps in delivery causing trauma to the head I went to the library’s and started reading up on injuries specifically if I could find them on forceps. From there learning about dyslexia which was one of them including attention deficit disorders, hyperactivity and more I could see one big factor amongst others like the increase in vaccines. They didn’t teach that in schools. They knew forceps were harming but used them anyways. It took along time before they started changing to something else and not used commonly like they used to and are supposed to now inform the parent.
You’ve been posting a lot of SM negative articles lately and making some short term long volatility bets that would mean you expect a pretty good market correction.
Besides the obvious, i.e. the SM being the most overvalued it’s ever been – even including 2000-01′, what makes you think it’s coming now? The action in bonds? Gold or other commodities? USD?
I’m not making an argument against. I’m just trying to understand why now and the nature of your short term, bets other than low cash risk.
just put in a “BUY” at above the Market where it will be “Printed” and seen by all ,just watch what happens !
High of the day. Keep going you dirty b*stard, we’re looking for a palladium style move!
Glad to hear that everything turned out well for you! 🙂
I have really enjoyed these lefty discussions and learned a lot about some of the lifelong difficulties I’ve had. Dyslexia definitely put me at the bottom of the class in the 13 schools I attended from K through grade 12; having to “run the gauntlet” every year, and sometimes twice a year, as the “new kid in town”. But all of my life experiences have made me the person I am…..and if I could go back and change any of it, I wouldn’t. Through my own efforts, strengths and weaknesses, successes and failures…..and tenacity ….. I have had the most enjoyable life I could ever have wished for. All my life experiences have been and always will be my Silverngold!
!st of all its on a Friday-with the weekend ahead for worrying–I love the strong up open and reversal–then the pre-open action in the t-note & 30 yrs bond..and gold stocks…also classic–the stick save of yesterdays 200 pt DOWN opening on the DOW…if we have a last hour close down a few hundred today that could set up a Monday mini [?] crash….or the NY FED could just come in today and reverse it all to the upside
FilledBuy to Open180VXX Jan 31 2020 16.0 CallLimit0.06—-09:40:48 01/24/20
FilledBuy to Open120VXX Jan 31 2020 16.0 CallLimit0.06—-09:40:48 01/24/20