Tucker: Regular life is all but suspended
VIDEO: Tucker: Regular life is all but suspended VIDEO: Tucker Carlson: “What happens if the homeless population gets infected with coronavirus?”
So, the wife and I had just decided to keep our daughter home next week when…
by Builder We get a call from the school district that they are closing for the next week. The week after is Spring Break. So, no school for two weeks. They will offer some online learning. Fine with me. I feel confident now that it would have been the right decision. I live in the High … Read more
Student Loan Interest Waived, Going to Buy Oil
Trump to buy oil for strategic reserve to aid energy industry: ‘We’re going to fill it’ President Donald Trump on Friday said he’s directed the U.S. Department of Energy to purchase crude oil for the Strategic Petroleum Reserve. The move was made in an effort to assist U.S. energy producers, which have been battered this … Read more
Historic Volatility Tells Me This Stock Market is in the Middle of an Equally Historic Crash
A gigantic spike at the very end after two of the craziest trading days I’ve seen. Here’s how my trades went. But that’s it for me. I’m staying out of this market, it’s just too crazy. By Wolf Richter for WOLF STREET: Holy moly, that was fast and whiplash inducing. Today, the S&P 500 exploded higher by 9.3% … Read more
No One Knows How the Coronavirus Will Impact Canadian Real Estate, But Here Are My Thoughts
How will Canadians service $1.56 trillion in mortgage debt plus other debts such as credit cards? What about tenants who can’t pay their rent? By Steve Saretsky, Vancouver Residential Realtor, Stevesaretsky.com: We live in interesting times. I have been fielding a lot of questions regarding the market turmoil and what it may mean for the Canadian … Read more
Here’s some advice: Recession is incoming, so do your best to keep your job
by beefcake_123 For some of you kids from the Class of 2019 who didn’t graduate during the tail end of an economic crisis and found a job almost immediately, here’s some advice: Do your damned best to kick ass and keep your job. Recession from this virus bullshit is going to come, and those who … Read more
Fear is at a MAXIMUM. Stay alert for a major upwards reversal in stocks
VIX's weekly RSI (using HIGH $) is now at it's highest level ever – higher than during the 2008 crash Fear is at a MAXIMUM. Stay alert for a major upwards reversal in stocks pic.twitter.com/TNzNXvedrD — SentimenTrader (@sentimentrader) March 13, 2020
“To save lives during the Coronavirus pandemic, the Bernie Sanders campaign is suspending door-to-door canvassing.”
“To save lives during the Coronavirus pandemic, the Bernie Sanders campaign is suspending door-to-door canvassing.” h/t dr0id
VIDEO: “Police in northeast Spain implement coronavirus lockdown in area with nearly 70,000 residents; people are not allowed to leave”
VIDEO: “Police in northeast Spain implement coronavirus lockdown in area with nearly 70,000 residents; people can enter but are not allowed to leave” WATCH: Police in northeast Spain implement coronavirus lockdown in area with nearly 70,000 residents; people can enter but are not allowed to leave pic.twitter.com/dx4qmspmyT — BNO News (@BNOFeed) March 13, 2020
The market was at 27,960 when chief White House economic advisor Larry Kudlow suggested that people “buy the dip.”
The market was at 27,960 when chief White House economic advisor @larry_kudlow suggested that people “buy the dip.” Anyone who listened has lost 26% in 3 weeks. https://t.co/ikyJQNRpQG https://t.co/7sLcBYkkUp — Tim Miller (@Timodc) March 12, 2020 Anyone that listened to Kudlow has lost nearly 25% since then. h/t builder
TWO CNNs IN ONE!
● Shot: Don Lemon Goes Absolutely Insane on John Kasich for Refusing to Bash Trump’s Wuhan Virus Address. —Red State, today. ● Chaser: Tapper Fears Dem Voters Are ‘Bunch of Rachel Maddows and Chris Hayess.’ “Wonder why Tapper didn’t call Democratic voters ‘a bunch of Chris Cuomos and Don Lemons?’” —NewsBusters, yesterday. gee… who was president back then? h/t ED
Some big institution out there is getting margin called. Dealers are telling me they badly want the $1T in repos, but can’t take it.
https://twitter.com/HedgeyeDDale/status/1238460537756946440 Dealers are telling me they badly want the $1T in repos, but can't take it. Post-crisis rules, among so many different regulators (Basel 3, Fed, OCC, FDIC, etc) make it nearly impossible for them to take the money. They are telling the Fed their problems. The Fed had no clue. — Jim Bianco (@biancoresearch) … Read more
As far as the stock market is concerned, the world’s publicly quoted companies are worth no more now than they were more than 12 years ago on Halloween 2007 just before the big selloff of the GFC.
As far as the stock market is concerned, the world’s publicly quoted companies are worth no more now than they were more than 12 years ago on Halloween 2007 just before the big selloff of the GFC. @johnauthers https://t.co/D7oCTdEipG pic.twitter.com/vqJ7lFjsrK — Adam Tooze (@adam_tooze) March 13, 2020
Velocity of all S&P 500 bear markets since the Great Depression
by b_logan (Source): Yahoo Finance S&P 500 daily closing data (Tool): Tableau
Be careful with IRA and 401K rollovers during extreme market volatility
by 80sbabymillennial When an IRA or 401K is rolled over to another provider, your investments are typically sold, a check is issued, and sent either to (a) You or (b) the new institution. I would caution initiating a rollover right now due to extreme volatility. Let’s say that your old plan is liquidated today, right … Read more
Someone finally connects the dots between market disruption & economics of disaster as Treasury Secretary is working with Pelosi on a pandemic bill for free testing, required sick pay & etc.
by rhetorical_twix Maybe movement from leadership on some of these concerns will help with personal panic that might be showing up in the markets and might provide some relief to investors. The fact that it’s the Treasury Secretary working with Pelosi demonstrates that they do connect what’s happening in the market to some need for … Read more
Not Only Did Democrats Vote to Include Abortion Funds in the Stimulus, They Also…
They also voted to not fund extra respirators for the sick. Democrats are demonic liars. Senate Democrats also voted against increasing access to medical respirators. Now why on earth would Democrats do that at the very same time that they are warning that people are going to die? Any guesses? https://t.co/L1kqH3fJF7 — Candace Owens (@RealCandaceO) … Read more
Predictions are hard. But here goes…
by Simon Black We certainly live in extraordinary times. Even people who have been irrationally dismissive of the Corona pandemic up until this point finally had to wake up and smell reality yesterday. The NBA. Tom Hanks. European travel ban. Our human brains, while magnificent and inspiring, are also wired in bizarre ways. We’re filled with … Read more
Stock Market Crashes compared for 1929, 1987, 2020.
by mark000 DJIA Mega Crashes: 1929 1987 2020 10.17 -9% 10.13 -7% 3.4 -8% 10.18 -12% 10.14 -11% 3.5 -11% 10.21 -16% 10.15 -13% 3.6 -12% 10.22 -14% 10.16 -17% 3.9 -19% 10.23 -19% 10.19 -35% 3.10 -15% 10.24 -21% 3.11 -20% 10.25 -21% 3.12 -28% 10.28 -31% 3.13 10.29 -39% 3.16 10.30 -32% 3.17 … Read more