A Game-Changing Crash . . . .

[errolanderson]

Cash run on U.S. banks in past 24 hours. U.S. Fed governor interview on 60 minutes stated they won’t allow bills to run out. Money will be printed till the cows-come-home. A lot of mattresses appear being stuffed with cash.

Fed promotes they have the big weapons ahead . . . they simply don’t. Stock markets may be headed for a 40 to 50 percent collapse (IMO). Stimulus bill stateside (1 trillion dollars) has now yet to be passed.

Grains holding up well, cattle board appears quite oversold.

Markets need to take a deep breath for stability to return.

[errolanderson]

The Fed has officially thrown-the-kitchen-sink at the stock market this morning . . . “ QEternity “ . . . and the Dow is still down . . . not good.

[errolanderson]

Jobs data released this morning . . . . A record 3.3 million filed claims for U.S. unemployment this past week. New jobless claims filed seeking unemployment benefits rose by more than three million to 3.28m from 281,000 the previous week. The figure is the highest ever reported, beating the previous record of 695,000 claims filed in October 1982.

[furrowtickler]

https://www.youtube.com/watch?v=NEnuWv38urI

This unfolding before our eyes ? All points that way

[AlbertaFarmer5]

Jobs data released this morning . . . . A record 3.3 million filed claims for U.S. unemployment this past week. New jobless claims filed seeking unemployment benefits rose by more than three million to 3.28m from 281,000 the previous week. The figure is the highest ever reported, beating the previous record of 695,000 claims filed in October 1982.

And this news surprised absolutely no one:


Almost like 2008 period where the market cheered on bad news because it meant more stimulus money and policy, while selling good news, since it could mean the end of the largesse.

[helmsdale]

Almost like 2008 period where the market cheered on bad news because it meant more stimulus money and policy, while selling good news, since it could mean the end of the largesse.

The, "Don't fight the fed" mentality is going to take longer to die than many think... From those more knowlegeable than I, a No Bullshit Assessment would be appreciated to this question:

What is your best guess as to how far they can "kick the can" down the road?

It was punted far further than I thought was possible post '08. I *feel* like the outcome is inevitable, but it seems delusion is still more powerful than reality!

[errolanderson]

And this news surprised absolutely no one:
[ATTACH]5775[/ATTACH]

Almost like 2008 period where the market cheered on bad news because it meant more stimulus money and policy, while selling good news, since it could mean the end of the largesse.

The $2 trillion U.S. Congress corona stimulus may have the shelf-life of a jug-of-milk. Retracement in-progress (usually 50 to 66%) of the crash and then the next shoe classically drops . . . . likely in April.

[helmsdale]

on DOW:
50% retracement = 23,891
60% = 25027
70% = 26,162

S&P
50% = 2793
60% = 2913
70% = 3033

At current levels that leaves upside room of:
Dow 50%: 1737
60%: 2873
70%: 4008

S&P 50%: 213
60%: 333
70%: 453

Thousand point swings to the upside, with a few gyrations down, put us there early april easily I think.

[farming101]

Right now I'm with Errol on this one, 50% retrace. As I also mentioned on another thread the DOW is not something that can be successfully charted over time. It seems to break the rules with striking regularity

[TechAnalyst]

Right now I'm with Errol on this one, 50% retrace. As I also mentioned on another thread the DOW is not something that can be successfully charted over time. It seems to break the rules with striking regularity

I believe that's because there is no other market with as much manipulation for political purposes. Pardon the pun but politics Trump fair price discovery there.