NYC Declares Emergency; France Closes All Schools: Virus Update (Bloomberg) — New York City declared a state of emergency. France will close all schools starting next week, as President Emmanuel Macron called the coronavirus the epidemic of the century. Macron was slated to speak with President Donald Trump on Friday amid Europe’s anger about flight … Read more
Um, that is the reason to have some kind of border control. Can't make this stuff up. https://t.co/rr5ZKgALn1 — TraderStef (@TraderStef) March 12, 2020
News247WorldPress @News247WorldPre #Breaking: President Trump said that domestic US travel restrictions due to the novel #coronavirus haven’t been discussed, but they remain a possibility https://twitter.com/News247WorldPre/status/1238171198099316738 President Trump said that domestic US travel restrictions due to the novel coronavirus haven’t been discussed, but they remain a possibility https://t.co/JSAMsp3aEP — CNN International (@cnni) March 12, 2020 … Read more
by SpontaneousDisorder Stocks markets now rallying back hard after crashing today. (edit – FYI those gains have now almost disappeared) Fed had to move as weird shit was happening in the Treasury market. Statement Regarding Treasury Reserve Management Purchases and Repurchase Operations March 12, 2020 The Open Market Trading Desk (the Desk) at the Federal … Read more
PANIC!!! pic.twitter.com/YbWiVJcZL8 — Randy Woodward (@TheBondFreak) March 12, 2020 Who's blowing up? https://t.co/VtyJJlo01n — Randy Woodward (@TheBondFreak) March 12, 2020 https://twitter.com/NorthmanTrader/status/1238155686128869377 Stresses in global credit markets are intensifying https://t.co/XT8CrzcJkw via @business pic.twitter.com/bSdwcNaQul — Paul Dobson (@paul_dobson) March 12, 2020 https://twitter.com/minefornothing/status/1238143176692469761 'One in six US companies does not earn enough cash flow to cover interest payments … Read more
by WSBConsensus NY Fed to offer USD 500bln in a three-month repo operation at 1:30 pm ET; three-month and one-month repo operations for 500bln will be offered on a weekly basis for the remainder of the monthly schedule As a part of its $60 billion reserve management purchases (Mar 13th -Apr. 13th) plans to distribute … Read more
by Michael Markowski My discovering that the pathology used to categorize hurricane risk (Categories 1-5) can also be utilized for stock market crashes is a breakthrough for all investors. Instead of riding out crashes, as was similarly the case for hurricanes, investors now and in the future, will know when to get out! The violent … Read more
BY JOHN RUBINO Peter Schiff: We’re in another financial crisis and the world will be flooded with money … Disease expert Michael Osterholm: The coronavirus is just beginning… Rick Rule: Gold stocks are stocks; in a panic all stocks sell off … Dan Oliver: How gold gets to $2,000 … Mike Maloney: What’s wrong with silver? … Read more
by chargum I belong to an investment club connected with a megachurch. Most of the members are baby boomers. One of the main pieces of advice given to us by a wide variety of speakers is to not sell your stocks in a panic during a bear market or even in a huge market crash. … Read more
by manar4 I’m expecting the indexes in the countries where the virus is growing faster to drop the most. Here are the grow in cases by country: https://finsharing.com/coronavirus Country Increase in cases during the last 5 days Denmark +2494% Finland +642% Bahrain +638% Spain +506% Romania +442% Vietnam +340% Israel +333% UAE +307% Norway +300% Czech … Read more
https://www.washingtonpost.com/business/2020/03/11/layoffs-coronavirus/ Airlines, hotels, travel agencies and event companies have all been suffering, but interviews with more than two dozen firms and workers reveal that the pain is now translating into layoffs in a wider circle of industries, including a bakery and a chain restaurant. At the Port of Los Angeles, 145 drivers have been laid … Read more
by Adderalin Account: https://i.imgur.com/TPFvsQ6.jpg Was a $400k equity portfolio margin position that I bought $3.2m total of UPRO and TMF on, two 3x leveraged ETFs. 55% UPRO 45% TMF. I just rebalanced gains from TMF into UPRO and it now blew up. I walked risk management through the positions. The SPX position is a short box … Read more
WARNING! Repo total up to 198 Billion AND 74 Billion oversubscribed on term repos!! 🤯😳👇 #notgood I’d guess we’re going to start seeing some 2008 style fireworks very soon. pic.twitter.com/TBA281TJFp — George Gammon (@GeorgeGammon) March 12, 2020 $SPX 1929 analog update. pic.twitter.com/kUFgt7qbPi — Nautilus Research (@NautilusCap) March 12, 2020 “IMF Warns on Passive Investing” https://t.co/VL7DV6Vetn … Read more
by Mr_Find_Value If you’ve paid any attention to the financial news over the last 2 years, you’ve seen the questions and critiques about Warren Buffett’s cash position. In almost every interview he’s asked why is he stacking cash or why Berkshire isn’t outperforming the S&P 500. The majority of questions aren’t as brazen, but rewatch … Read more
https://www.barrons.com/articles/treasury-bonds-sell-off-with-stocks-thats-not-supposed-to-happen-51583946108 This is what happens when the fed is running out of “ammo” and treasuries are already priced for almost zero yield globally. I don’t think treasuries are going to crash, and they may have a little further to go, but if the market keeps crashing, I don’t think anybody can count on bonds to … Read more
by Daisy Luther As our economy gets rocked by the coronavirus outbreak, lots of folks are already beginning to have financial problems. For others, they see money trouble on the horizon. These issues are occurring for several reasons. Some businesses are cutting back staff or hours preemptively so they can survive financially. Other businesses are … Read more
by mapi A recent article in CBS Los Angeles revealed that the Los Angeles International Airport will allow airline passengers to check their own luggage using self-service kiosks. “Available in Aisles B and C of the ticketing lobby, the self-service system can be used by passengers flying with Asiana, Cathay Pacific, Lufthansa and Norwegian airlines, with Scandinavian Airlines scheduled … Read more
The Obama administration covered up a report showing that $3.5 billion in foreign aid never reached it’s intended destination & purpose.
Trump is moving closer to signing a disaster declaration under the Stafford Act, sources tell us, freeing up resources to respond to the Coronavirus outbreak. A signing could come as soon as today. — Jim Acosta (@Acosta) March 12, 2020 JUST IN: Donald Trump's top economic adviser Larry Kudlow tells Republicans that the President may … Read more
by bigbear0083 After another 15 minute trading halt a little after the open, markets opened down over -9% when trading resumed; but have now bounced off those extreme lows just a bit as of now. The S&P 500 and NASDAQ have now joined the Dow, Russell 2000 and Dow Transports into bear market … Read more