DOW futures down 800

https://www.cnbc.com/2020/03/08/dow...oil-price-war-adds-to-coronavirus-stress.html

It's a great time to be a bear, wish I'd held more size in inverses SQQQ TVIX UVXY etc.... market crash underway ... happy bear

 

Wake me when we clear 2650.

S&P earnings * 20 = how much?
But wait -- "20" is high for a historical p/e, right?
Yes, Cupcake, tha's right. Tha's right.
Now, roll over and go back to sleep.....


((For those who "trade" without actually knowing "the math(s)", 2650 is a good 200pts/7% or more below where we're trading now. 7%. Or more. Below. Before we approach the high end of the historic price/earnings averages. HIGH end.....))

 

Black Monday incoming, the virus for most isn't that bad, but the effects are going to cause a global recession like we've never seen before.

Imagine if this virus was 90% fatal, then all hell would be breaking loose!

 

I don´t think that Russia and Saudi Arabia can afford this mess. Watch for US interventions soon enough and uncle Trump pick up the telephone and call MBS....

 

Crude traded at $30!

 

I saw that. Man, doesn't that make we want to long the darn thing. It hasn't been that low in a long while. WTI currently sitting at ~32 now

 

Stunning. The 2008 unwind was drip, drip, drip for the most part.

 

Long CL 31.2

 

PS...RB fell 2500 ticks at it's low. That's pretty harsh. We better see cheep pump prices next week!

 

And I remember when $50/bbl seemed low.

I will be trading DWT for sure, if the inevitable gap up continues. Are there any other good crude inverse etfs? Will also buy UWT GUSH if they bounce