Do you have a boner yet? Here’s a map of where we are right now

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by arzt506 Check this out: https://preview.redd.it/9n087j9y95q41.png?width=1005&format=png&auto=webp&s=5f3d7eadebb16a16665d4fdf00214a7106ed7675 Assuming we continue down here, would be hard to pick a more perfect place for a reversal of this dead cat. Bounced straight off the weekly 200 MA AND the .382 fib of the crash. Just beautiful. The weekly 200 MA has been support for 9 YEARS. You hard … Read more

A much better “tell” on Chinese growth than pumped up state data.

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A much better “tell” on Chinese growth than pumped up state data. ⁦@Quillintel⁩⁦@SoberLook⁩ pic.twitter.com/tS5sQatzE9 — Danielle DiMartino Booth (@DiMartinoBooth) April 1, 2020 April 1.. good one China pic.twitter.com/8tv4SGKsYz — *Walter Bloomberg (@DeItaone) April 1, 2020 The Asian countries that benefited the most from the trade war fallout have seen meager rebounds vs China which calls … Read more

A Lesson on VIX

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by Hanz-Wermhat Long time lurker first time (non-shit post) poster, felt I would give back some knowledge I have learned recently on how you can use VIX to see how retarded your PUT positions are. VIX is calculated using the pricing of OTM options, the higher the pricing the higher the implied volatility and likelihood of … Read more

Quit buying short-dated puts

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by Joesocktwo For the handful of people here who actually understand greeks, this post isn’t for you. For the rest of you numbnuts buying 0DTE FDs, this is for you. ​ Virtually every major crash has a characteristic anatomy You’re on the tail end of the last big upswing before the bottom of the crash. … Read more

Some Potentially Undervalued Stocks

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by Reptar4President I’m looking at putting some money into a few different small and micro-caps, and one big boy. Thought I’d put them out there and see if anyone has any thoughts on them. Some background: I used to trade individual stocks (we’re not talking much, I had maybe $20k in a fund) but stopped … Read more

Oil Prices Drop below $10/bbl at American Hubs as Storage Space Fills up

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https://www.worldoil.com/news/2020/3/31/oil-selling-below-10bbl-at-key-american-hubs Oil selling below $10/bbl at key American hubs By SHEELA TOBBEN on 3/31/2020 NEW YORK (Bloomberg) –Oil is selling for less than $10 across key North American hubs as the global demand shock from coronavirus leaves crude with nowhere to go. The coronavirus pandemic has hit demand so hard that as benchmark futures plunge to lowest in … Read more

For any bullish investors left, the reality checks are coming thick and fast

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For any bullish investors left, the reality checks are coming thick and fast https://t.co/9ztKPNui76 via @markets — Sam Potter (@SamJPotter) April 1, 2020 Good memo from Howard Marks: “.. assets were priced fairly on Friday for the optimistic case but didn’t give enough scope for the possibility of worsening news. Thus my reaction to all … Read more

“The leveraged share buyback game has ended, which also means an end to the phony earnings growth.”

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By Wolf Richter for WOLF STREET: HSBC and Goldman Sachs have now both come out with estimates about the extent of the collapse of share buybacks. So far into this crash, over 50 companies have suspended share buybacks, accounting for $190 billion in cash that is not flowing into the stock market, representing over a quarter of total share buybacks … Read more

Keith Weiner: The ‘Out’ Has Not Yet Begun To ‘Fall’

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by Keith Weiner of Monetary-Metals So, the stock market has dropped. Every government in the world has responded to the coronavirus with drastic, if not unprecedented, violations of the rights of the people. Not to mention, extremely aggressive monetary policy. And, they are about to unleash massive fiscal stimulus as well (for example, the United States government is … Read more

Something Bigger is Happening

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by birdlady27 *Neighbors encouraged to tell on their neighbors to the proper authorities. https://www.clarkcountytoday.com/business/gov-jay-inslee-asks-washington-residents-to-report-those-violating-stay-at-home-order/ *People being followed with drones & publicly shamed https://www.popularmechanics.com/technology/a31708776/police-drones-social-distancing-coronavirus/ slogans “Alone Together” as if that’s acceptable to the human psyche & spirit https://deadline.com/video/coronavirus-social-distancing-psa-alonetogether-mtv-comedy-central-viacomcbs/ *States threatening to “permanently” close any churches or places of worship not in compliance https://www.catholicnewsagency.com/news/nyc-mayor-threatens-permanent-closure-of-churches-defying-coronavirus-ban-64073 *Military mobilizing troops & tanks … Read more

The media is furious that President Trump said some medical equipment may be getting stolen, saying he’s making things up. New York Governor Andrew Cuomo said exactly the same thing. No problem when he addresses these concerns though.

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by GunToast Here is a video of him saying it https://video.twimg.com/amplify_video/1244404708699234312/vid/1280×720/WBSJnNU_k8lgCaWh.mp4 https://video.twimg.com/amplify_video/1244404708699234312/vid/1280×720/WBSJnNU_k8lgCaWh.mp4 Brooklyn man arrested for hoarding masks, coughing on FBI agents https://nypost.com/2020/03/30/brooklyn-man-arrested-for-hoarding-masks-coughing-on-fbi-agents/  

Goldman Sachs: A Quarter of Annual Buyback Volume Has Been Yanked; Credit Suisse: Hedge Demand Shows ‘No Faith in This Rally

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A Quarter of Annual Buyback Volume Has Been Yanked, Goldman Says Cash-conserving companies continue to rein in buybacks. Data compiled by Goldman Sachs Group Inc. shows that almost 50 U.S. firms have suspended existing authorizations in the past two weeks, according to a note from its strategists. The firm’s buyback desk estimates that $190 billion … Read more

“There are pockets of stress in riskier credit that seem to be deepening, even with the Fed stepping in & buying higher-rated credit.”

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Meanwhile, long-dated Ford bonds also falling to new lows today. I find this interesting because there are pockets of stress in riskier credit that seem to be deepening, even with the Fed stepping in & buying higher-rated credit. pic.twitter.com/gbCXwwPB0T — Lisa Abramowicz (@lisaabramowicz1) March 31, 2020 #liquidityThe banks provide financing facilities called warehouses, which CLO … Read more

Day 1 of Q2 & ended Q1 w/ a whimper & Q2 unlikely a bang.

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Asian PMIs today (Vietnam, Malaysia, Indonesia, SK, Philippines, Thailand, Taiwan and Caixin China) & a couple things to remember: a) China PMI collapsed in February so sequential will be better but Q1 badb) Ex China Asian PMIs softening not collapsing & will soften further. — Trinh (@Trinhnomics) April 1, 2020 #Australian #manufacturing conditions deteriorated in … Read more