Do i get it right, that there will be an opening print and iff SPX down 7% or more trading will be halted. So ES could potentially open lower probably at exactly 7% limit down after the auction from 9:25-9:30 and only halt after the opening print in equity markets (which might be a tiny bit after 9:30).
Severe, severe damage already done. The ten year is more panic bid than 2008. Crude down 30+% overnight. Energy stocks in a world of pain. Tech stocks still in the stratosphere. It's very difficult, if not impossible, to plug the unwind of a parabolic top.
Out of curiosity (I honestly don't remember), how active was he during the Oct-Dec 2018 correction? I remember the non-stop activity Jan 2019 onwards, but I don't remember a ton of pumping in that pullback. (Also, the Fed was making hawkish overtures most of that ride lower, aside from actually raising rates at the Dec 2018 meeting).
Yeah I know. The macro ramifications of the domestic energy sector is huge. That said, I'm looking for a solid Permian play on sale. $PAA might have potential. That divy is toast though I'd guess. Those parabolic tops... they can be hell on floors.
Man.... there are some stocks on sale. Hmmmm. I always said if Square ever hits $56 again, I'm buying that pig hand over foot. I'm resting an order at $58... might get lucky on a spike down at the bell. Plus Dorsey is getting the boot at Twitter. Hopefully. He needs to run SQ full-time anyway. Ahhh.... patience.
Can you imagine the margin calls this morning? The Friday afternoon dip buyers are hoping buyers show up to bail them out or that Trump announces no one owes taxes for 2019 or something like that (If I were an adviser to the Presidnet's that is exactly what I would do: Refund everyone's 2019 taxes). Anyone long CL at the close had all their margin wiped out and then some, and then some more ... Not a call ... just math that works.
He might put tariffs on foreign oil. Claim national security. Can he do that? I think he can, if its national security. He can say $45/barrel. Unleaded will still below $2.50 for most of the country... below $2.00, who's gonna bitch about a tariff on Opec. Nobody gives a f if they are paying $1.80 at the pump. I'm looking at Kinder Morgan @$16.50. That dividend is safe too. That'll be about an 8% div yield. Natural gas demand shouldn't drop, I mean besides the usual seasonality. They sell CO2 to the oilfields though. Up until now their oil pipelines have been full. Hmmmmm.