TrunpDow futures remain locked limit down

[brokephibroke]

Glad tomorrow is Monday so we can watch our savings dwindle real time.

[demtenjeep]

1. do you have a website

that I can watch?

Someone earlier posted a link and then I had to reset my wireless and lost it

[Hoyt]

2. CNBC.com has the ugly news.

[Brother Buzz]

3. Here's a link. The time is current, but the number hasn't moved for hours

https://money.cnn.com/data/premarket/

[brokephibroke]

5. Halted and locked low

It can go up, but it’s not.

[Brother Buzz]

10. The orange anus exhausted and burned his list of Fat Cats tasked to bolster the market

[uponit7771]

14. +1, this is worse than 2008 ish; the feds can't make people spend money. The money flow in 08

... stopped among the banks the money flow now is stopping among the populous.

We don't have unfettered testing and we have no idea who's sick so the hunker down is going to last more than 2 weeks.

Trump has screwed the nation bad

[Newest Reality]

28. Yes.

People also can't spend money they don't have and their hours are being cut, businesses are closing and a substantial chunk of Americans have been living paycheck-to-paycheck. That's a house of cards that prove you don't have a strong economy when close to half of your citizens can't weather a storm or shock to the system without losing what they have left and falling into extreme poverty, homelessness, etc.

The circle of the "economy" is broken when your consumers can't consume and if credit cards are the last resort. They do max out and the payments get overwhelming in short time. Maybe the divide between the workers and those who dwell in the Elysium is so great now that this is not clear anymore, or it just doesn't matter.

That's just my view of it. The people/citizens/consumers need the bailout this time if the house of cards is going to stand for a while.

[uponit7771]

30. "...people/citizens/consumers need the bailout this time if the house of cards is going to stand"

OP WORTHY !!!

[OAITW r.2.0]

4. Circuit breaker already reached?

So, the market opens....under circuit-breaker rules? Which means when it reopens in a 1/2 hour, where's the market going? Downtown, I think.

[brokephibroke]

6. Futures are different.

Once they drop 5%, they are locked. They can go up but not below the limit. They are not going up.

[uponit7771]

7. +1, and the trip number gets lower the lower the DOW. People are escaping out of the dow

[OAITW r.2.0]

11. So, this is an early signal and opportunity to get out tonight before the market opens tomorrow?

Lock your losses now before further bloodshed tomorrow's opening bell?

[uponit7771]

12. basically, the trend for the last 2 weeks is if the futures start down it stays down. Sometimes itll

... shoot back up but that's not the trend here in the last couple of weeks.

If we don't bounce of 20k hard and go flat things are going to get rough economically quicker than people think.

[A HERETIC I AM]

17. You can't.

Unless you are somehow privy to a pre-market trading platform - most people aren’t, not by a long stretch - then the market will open and instantly lose the number of points the limit is currently holding.

In other words, if you put in a sell order on a specific stock right now, it would be executed a second or two or 3 or whatever after the bell, but that will be too late to get the price it closed at on Friday. The DJIA will OPEN down 1000 points from Fridays close (or whatever the futures tabulation is).

[Pachamama]

8. Will the Orange Monster be willing to sign tomorrows stock market drop?

[captain queeg]

9. If stocks tank again tomorrow will Cheetolini hold another presser?

He just doesn’t know when to shut up.

[uponit7771]

13. The fact that they're tanking now after QE announcement is bad. QE basically squeezes bonds and make

... makes them less profitable but people don't care, they're running for the safety of US debt.

This current economy isn't going to last 1 month not least 8 weeks.

[ooky]

15. Or when to quit trying the same failed policies.

He thinks cutting interest rates and taxes cures everything. You'd think by now it would sink in to him that this market doesn't want his fucking interest rates cut more. Now stocks are down and bonds are depressed, we have no place left to hold our savings, and a pandemic he was ill prepared for is escalating. He's got the whole shithouse burning down.

[hatrack]

16. Here's some of the "thoughts" that oozed from Pres. Anusmouth today . . .

Watching the markets respond, I'm eagerly looking forward to seeing his head explode tomorrow.

EDIT

Donald Trump: (00:47)
And in addition, very importantly, the Federal Reserve going to be purchasing $500 billion of treasuries and $200 billion of mortgage backed securities. And that number can increase, but they’re going to start with that and that’s really good news. It’s really great for our country. It’s something that we’re very happy, I have to say this. I’m very happy and they did it in one step. They didn’t do it in four steps over a long period of time. They did it on one step.

Donald Trump: (01:18)
And I think that people in the market should be very thrilled. And that brings us, we’re the strongest country in the world by far financially and every other way. And that brings us in line with what other countries are. They actually have negative rates, but look, we got it down to potentially zero. So that’s a big step and I’m very happy they did it.

Donald Trump: (01:43)
And you will not hear anything bad about me unless it’s about a month or two from now. So I congratulate the Federal Reserve. I think it’s terrific. Just came out just as we spoke, I wasn’t going to mention Federal Reserve or anything else, but this came out as we were walking up.

EDIT

https://www.rev.com/blog/transcripts/donald-trump-and-coronavirus-task-force-news-conference-transcript-march-15

[A HERETIC I AM]

18. He hasn't got a FUCKING CLUE what that means.

Last edited Mon Mar 16, 2020, 01:50 AM - Edit history (2)

Donald Trump: (00:47)
“And in addition, very importantly, the Federal Reserve going to be purchasing $500 billion of treasuries and $200 billion of mortgage backed securities. And that number can increase, but they’re going to start with that and that’s really good news. It’s really great for our country.”


How, Trumpy? How is that great? Explain the mechanism by which the Federal Reserve buying a half trillion dollars worth of government debt is “really great for our country”

“It’s something that we’re very happy, I have to say this. I’m very happy and they did it in one step. They didn’t do it in four steps over a long period of time. They did it on one step. “

And why is that such a good thing? Explain and show your work, you fucking imbecile.

Donald Trump: (01:18)
“And I think that people in the market should be very thrilled.”

Well, it clearly looks like they aren’t. Not in the fucking least

“And that brings us, we’re the strongest country in the world by far financially and every other way. And that brings us in line with what other countries are. They actually have negative rates, but look, we got it down to potentially zero. So that’s a big step and I’m very happy they did it.”

The only reason you’re “very happy they did it” is because you THINK it makes you look good, but it is, in fact, some (hopefully) very serious money people trying to stop a gusher with a sieve, and they are doing it in large part because you are utterly clueless and make that clear every time your open your mouth.

[Blue_true]

19. Sorry. Those tweets don't read like Trump wrote them.

They actually follow the rules of decent grammar and don't make overblown claims.

Trump is not in control of his Twitter account, something is amiss, IMO.

[redstatebluegirl]

27. The nazi Stephen Smith is writing them for him.

He and Manuchin are running the government right now, how safe does that make you feel?

[Blue_true]

31. Honestly, I don't feel safe with anyone, past or present, in THAT administration making

critical decisions. Empathy and competence are sorely missing among that crew.

[MoonlitKnight]

20. A few things to consider

Futures are in a hold due downward movement of 5% of the S&P 500, not the DOW.
They will resume if there is upward movement, meaning there are buyers.
At market open Monday at 9:30 AM, a halt for 15 minutes (circuit breaker) will occur at 7% drop of the S&P.

It won’t be immediate, because there have to be actual buyers to set the real numbers for the underlying stocks. And there have to be sellers willing to sell at that price. Some stocks may not show a price for 20 minutes or more. This will likely repeat once the 15 minute hold ends.

The next level is 12%. We have avoided that so far. Hitting 12% halts trading until 3:30 PM, most of the trading day.

Last week had the first back to back 9%+ swings since the Great Depression. Yes, the Great Depression. Not the 2008 crisis or the 1987. Just to add some perspective.

The rate cut looks like an act of desperation.

If we break below 2340 on the S&P 500 or around 20,000 on the DOW then things will be getting a lot worse. That is quite a ways to go from right now. But not inconceivable to happen this week.

Just my opinion and not advice at all.

[A HERETIC I AM]

21. Excellent

Well stated

[MoonlitKnight]

24. CNBC had a graphic with different circuit breakers

They had level two at down 13% on S&P, not 12. And have it lasting only 15 minutes. Not sure if they made a change or one of us is wrong. Regardless, level two is just above support level. Si if we hit that it could be bouncing around wildly. If it continues unabated then the floor is gone.

[Demovictory9]

22. it's painful to look at the 401k

[Totally Tunsie]

23. I do enjoy the idea, tho, that this is pissing off Chump

to the max. You can see it as he stomps out of the pressers...he's not a happy man these days. He knows his ass is on the line.

[MoonlitKnight]

25. Wow! Down over 8% before the 7% circuit breaker could even trigger

Dow down 2250 or 9.71%
S&P 500 down 8.14%, 220 points to 2490.

[handmade34]

26. I didn't have much

and now pretty much zilch

[The Genealogist]

29. Trump is responsible for all this

His corona response has been sheer chaos, denial, finger pointing and whataboutism. People are acting like its the end times. Can youu blame them? Comflicting information everywhere. He has not a clue what he is doing. He is WOEFULLY unqualified to handle this or any other emergency, and he just has no craps to give. Heckuva job, Trumpy.