tyb
Market Report
Nice Close on the DOW with the down 9.99% >>8392192 (no message there right?) volume was 903,615,388 vs a daily average of 349,706,229 or 2.58x normal average.
This was all about margin. Everything that was not nailed down was picked up and thrown at the market(s). The FRBNY saw this and that is why it acted the way it did. I will add that I've seen some shit in 30 years doing this. THAT WAS SOME SERIOUS SHIT volume-wise and having the FRBNY literally panic at the sight of Deutsche Bank closing at a record low. Remembeer this though this is still way higher than Hussein's market-keep this in mind going forward.
You must remain calm. The issue here is that most people pay NO attention to the markets as they rise and as long as the statements they get each month show a continual gain. Not so when they drop. Everyone becomes an "expert" on days like today. You MUST make your own decisions and do your own research to arrive at them. No one person, including me, can tell you what to do and when and moar importantly what is righ tfor YOU. Please step back from the abyss with the concernfaggin with this. As mentioned yesterday it was never said that decoupling from the petro-dollar was going to be easy. The FRBNY ceratinly said so today-kek
Where do I start!- quite the day. Muh FED came in and puked out guarantees of over $1T in emergency loans and cedit facilities. Deutsche bank closed 18% lower on the day, a record low-THIS is why the FRBNY did the emergency facility because they cannot allow this one to go under (even though techincally it's been broke for over a decade but shhhh!-don't tell anyone-kek) Treasuries got a bump up in yields and closed a the highs of the day-see cap#3 Again…muh Primary Dealers have to buy this shit so they need a spread and the FRBNY just gave it to them. Gold/silver hammered from the start. It's all paper frens. The products you hold do not guarantee a thing see this: >>8390121, >>8390130 pb ETF's and Physical metal(s)
For a primer on wut an ETF is and what it means to you if you have it. The only consolation is that it breifly spiked into the COMEX close and the big boys have to take the higher price relative to where it dropped back down to. WTI was hit hard today, plunging over 5% and trading as low as $30.02 intraday. The market is demanding almost 100bps of rate-cuts by The Fed by next week. This shot up into the close see Cap#5
You can read the FRBNY statement that came out earlier here
https://www.newyorkfed.org/markets/opolicy/operating_policy_200312a
News from the Labor Department: The U.S. Labor Department on Thursday gave states flexibility to amend their laws to provide unemployment benefits in events related to the coronavirus in an effort to limit the damage on the economy from the pandemic. States can pay benefits in cases of temporary unemployment because the coronavirus is preventing employees from coming to work.
https://finance.yahoo.com/quote/%5EDJI
https://www.marketwatch.com/investing/bond/tmubmusd10y
https://www.kitco.com/charts/livegold.html
https://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html
it all sits and is tied back at DB. The Banker's Trust "purchase" by DB in '99 placed an ass-ton moar of derivatives at it. They are the lynch-pin and always have been. Guess who was part of the team that facilitated it?
Maiden Lane didn't fix shit. It just extended the game. They never squared any of that and just left it for window dressing. JP was on the team at Banker's Trust incidentally.
it will all work out in the end anon. It may not appear that way day-to-day but it will.
good luck and have a drink for me too
ok you get it. Ours do it too just in a different way. I will be laughing at muh stress test..like I have since it started. Love how they just put it in the hold to maturity bucket so it's effectively invisible to them.
do one or two things well. Your problem, and it's a big one, is you try to be all things to all people-you are all over the place. fucking cancer in here. contribute nothing but bullshit.