Thread: tsptalk's Market Talk

I’ve used my two moves for the month.

Hey- it’s only a flesh wound, right?
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The rout continues:

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The dollar's recent rally could have something to do with bonds selling off, although if the AGG chart is correct, I don;t know what happened there.

U.S. stocks recovered some of their steep losses on Thursday after the Federal Reserve announced extraordinary funding actions to ease strained capital markets in the wake of the coronavirus sell-off.

So much for the safe havens...

Originally Posted by tsptalk

So much for the safe havens...

So where are investors putting their money? Under the mattress? So much for bonds down, equities up. This is all so maddening.

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So where are investors putting their money?

US dollars. The currency gold bugs have been calling fiat for years.

I got caught in the F collapse since I use it as my bond allocation. With G fund no better than a checking account that loses purchasing power due to inflation over time, F fund always seemed like a good choice for a general bond fund as long as interest rates were going down. I'm guessing at this point, ZIRP is priced in.

Bonds tanked in a major way in 2008 and rebounded due to never imagined global monetary intervention. There's just too much debt to buy nowadays and there will have to be defaults for the system to function again.

Some things guaranteed to come next: corporate defaults, bankruptcies and dividend cuts. Think BA, HAL, CCL, RIG, any random airline stock that will go bankrupt. Even DIS stock cratering and they haven't closed yet because they can't afford to. (UPDATE: DIS just closed)

Ouch to say the least unless one has been shorting.

Easy money on the downside has already been made. More risk selling short at this point than going long.

AGG is crashing, down -4% wow, never seen anything like it. To me, that's more surprising than the SPX crashing, what's going on there? I was in the TSP20 fund since Feb and so managed to only take a small hit, but i think I'm going to the G fund tomorrow. The 10 year support broke today and if it doesn't bounce back and hold it tomorrow, this can get MUCH worse.

There's no question about it now, officially in a bear market.

Trump Tweet::

I will be having a news conference today at 3:00 P.M., The White House. Topic: CoronaVirus!

So it could be a wild final hour of trading today.

Originally Posted by tsptalk

Trump Tweet::




So it could be a wild final hour of trading today.

Let's hope it's in a good way!

Originally Posted by tsptalk

Trump Tweet::



So it could be a wild final hour of trading today.

Wouldn't it be smarter to wait until the market closes?