Thread: coolhand's Account Talk

Eventually we will run out of sellers and the bottom will be in.

I thought the market might bounce again after Wednesday's power move lower, but that is not likely given that futures trading has been halted for a 2nd day this week as they point to yet another multi-percent drop.

My guess is that stability may not occur until at least sometime in April. That's when the worst of the viral epidemic should be over. But that says nothing of the carnage in oil and bonds. While precious metals are not in rally mode, they aren't losing nearly the value of stocks. I suspect they will recover much faster too (to new highs).

As bearish as NAAIM was last week, they are more bearish this week. Heavily beared up. Smart money is shorting this market. This could get much worse before it gets better.

Originally Posted by ravensfan

Eventually we will run out of sellers and the bottom will be in.

The volumes in key ETFs like SPY, while elevated for some weeks, suggest this is not the case. Yet. But close. Double that volume and I'd say its soup (screaming buy).

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Coolhand, do you have anything that informs you of who/what or what type of entity made that huge buy in today. The proxies for F/C/S all had a huge mid-day spike.

I'm thinking programmed trading off a -25% marker from the highs, but it could be big managed money. Any proxy for that...

Originally Posted by Boghie

Coolhand, do you have anything that informs you of who/what or what type of entity made that huge buy in today. The proxies for F/C/S all had a huge mid-day spike.

I'm thinking programmed trading off a -25% marker from the highs, but it could be big managed money. Any proxy for that...

It is probably programmed trading as a lot of stuff is unwinding. The banks are doing most of the selling. They own the market, not us. They just let us play in their sandbox (casino).

They're still talking about the details on CNBC, but the Feds announcement included $500B of 3-month treasury purchases today at 1:30 pm eastern, $500B more tomorrow, $500B earlier today I think...$1.5 Trillion total for this week...this is not to fix the stock market, it's a desperate attempt to keep the repo market afloat and keep rates down. If they don't succeed it sounds like game over, that was their best shot...rates will rise out of control, the government will no longer be able to service the debt.

The plan is to do $1 Trillion every week for as long as necessary. This is NOT a good thing!, thus the market was not impressed for very long. This is getting really serious, like October 2008. I'm wondering if I need to get some cash at the ATM before there's talk of the system seizing up.

This is exactly what Martin Armstrong has been warning was coming for months now, the "mother of all crisis", and now it's happening.

Originally Posted by Tsunami

They're still talking about the details on CNBC, but the Feds announcement included $500B of 3-month treasury purchases today at 1:30 pm eastern, $500B more tomorrow, $500B earlier today I think...$1.5 Trillion total for this week...this is not to fix the stock market, it's a desperate attempt to keep the repo market afloat and keep rates down. If they don't succeed it sounds like game over, that was their best shot...rates will rise out of control, the government will no longer be able to service the debt.

The plan is to do $1 Trillion every week for as long as necessary. This is NOT a good thing!, thus the market was not impressed for very long. This is getting really serious, like October 2008. I'm wondering if I need to get some cash at the ATM before there's talk of the system seizing up.

This is exactly what Martin Armstrong has been warning was coming for months now, the "mother of all crisis", and now it's happening.

I expect this action to be an extinction level event for the CB, though it will still take time to play out.

Cool- is that a mirage I'm seeing or are bonds really at -3.3% at the moment??
EJJ

I have never seen the F fund down 4.2%! I guess people are abandoning treasuries as well as minerals as well as equities. Mad dash to go to cash I guess

Heck my wife and I were looking at houses since we are about to PCS and mortgage rates just went up almost 1% it seems overnight or over the last couple of days. We have never purchased a house, but I think that may have been enough to scare me off considering the mortgage was already going to be more than my BAH in the area.