Futures getting killed despite full point Rate Cut

schizo · Mar 16, 2020

Overnight said:
How can it not get scarier? Wasn't the fed fund rate at like 6-7 % when the 2008 bomb hit? They had rates they could cut and stimulus to provide. What do we have left now? The rate is now exactly what it was during most of Obama's term in office, as we were recovering.
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I was referring to the price swings.

With regards to your concerns, I agree. They're completely out of ammunition. But then again, why are you so surprised? Everyone, myself included, have voiced concerns about this long before the market correction.

Nine_Ender · Mar 16, 2020

S2007S said:
I did say that sure. And again I'll tell you the fed pumped up the markets the last 10 years, if it was not for the fed the markets would still be 70% lower from where they are tonight.
Well lets see. Here we have another crisis and as you can see we have already knocked off nearly 3 years of gain in only a few weeks. If this gets out of control we can lose an additional 50% worth of gains from here taking the markets down to 2010-2011 lows. As i said the next collapse would bring negative rates (almost there) and make the last financial crisis make it look like it never even happened.
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You just keep posting nonsense without any shred of understanding of fundamentals.

S2007S · Mar 16, 2020

Nine_Ender said:
You just keep posting nonsense without any shred of understanding of fundamentals.
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Fundamentals? There are no such thing as fundamentals when the markets are rigged.

Nine_Ender · Mar 16, 2020

S2007S said:
Fundamentals? There are no such thing as fundamentals when the markets are rigged.
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You have been deeply delusional for 11 years and fail to accept any responsibility for your posted ideas. If you still are unable to understand that the stock market is ownership in profit seeking businesses then you should stop trading entirely it's not your thing.

volpri · Mar 16, 2020

Nine_Ender said:
Your posts on this thread are highly irrational. Go back and read them in a year. I'm looking at a virus that is being effectively controlled in Canada and resulted in ONE death so far. And some Americans like you are losing their shit about it only 2-3 weeks after totally dismissing it as a threat.
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Wait 6 weeks from now and report back. Canada isn’t controlling diddly squat...yet.

S2007S · Mar 16, 2020

Nine_Ender said:
You have been deeply delusional for 11 years and fail to accept any responsibility for your posted ideas. If you still are unable to understand that the stock market is ownership in profit seeking businesses then you should stop trading entirely it's not your thing.
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Yes profit seeking businesses only because the fed bailed out the entire economy with multiple trillions of dollars ....if they hadn't there would have been no such thing as profit seeking businesses.

volpri · Mar 16, 2020

Nine_Ender said:
I believe Canada's experience with SARS and our universal health care system put us at a distinct advantage in dealing with the threat and minimizing deaths. I see three good things coming out of this crisis. One, it's the final nail in Trump's election chances he's done. Two, it is a clear reminder that the US needs to be a good world citizen things happen that require good international relationships. Three, it might spur Americans on to finally embrace universal health care. Hopefully not many more people pay the ultimate price in the meantime.
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1) He will be re-elected with a landslide

2) USA has done its fair share helping the world. Much of the rest of the world has not been such “good world citizens”.

3) We might embrace universal health care one day but it won’t be anytime soon. And when we do quality will suffer. My understanding is that some Canadians run to USA for healthcare.
https://www.forbes.com/sites/sallyp...e-waiting-for-medical-treatment/#4195332d3e7d

volpri · Mar 16, 2020

https://nationalpost.com/news/canad...illion-for-covid-19-fight?video_autoplay=true

Furthermore, Canada is BEGINING to take steps for social distancing that the USA is ALREADY doing.

https://nationalpost.com/news/covid...social-distancing-experts?video_autoplay=true

FriskyCat · Mar 16, 2020

Amun Ra said:
None of this is Trumps fault. Every market on the planet is dropping like a rock due to this over hyped panic.
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He stuck his nose in it every day for the past few years. In the years prior to winning the election, he had a more sober tone about all of it. It's his fault in so far as he took the credit for the gains and now a majority of people will shoulder him with the blame (rightly or wrongly no matter).

hafez50 · Mar 16, 2020

Bingo hell he took the credit Friday yet he takes no blame . No this isn't his fault the last few weeks but much of the gains were bs hype and smoke and mirrors . As we speak spy down around 10% which means Fridays gains wiped out . Historic times . I'm sure we take out dec's lows of 2350. Maybe a 2 or 3 circuit breaker day ( down 13 or 20%) ?