Some of it hit the fan yesterday in the federal reserve building 
you can go to work, i think lot of ppl work from home now, and start taking the TP home, no one will know right now
My office badge no longer works until the end of the month. It looks like they know what I would do. 
Wow, your company is smart, they expected this type of behavior from employeeā¦ kudo to the mgmt team
1 Like
Good observation. And this bottom was tested twice, although within a gap of few trading days.
1 Like
Bloomberg News (paywall) on Saturday reported that Dalioās macro fund has lost 20% so far this year.
Knowing is one thing. Doing the right thing is another. Knowing doesnāt imply will do the right thing.
And an illiterate and ignorant person can take right and rewarding action.
This is the summary of a āRandom Walk Theoryā.
Since you are asking, I am posting here. It is automatic GTC sell.
I loaded Spy PUTs $200 strike, Apr 17, 2020 expiry at $2.35 and also set a limit GTC sale above $6.50 (never expected to reach this level in a month, but reached today !!).
Since the market crashed today, it blew up this spy puts and all my puts were sold at $8.79.
With that cover is blown, I am forced to reduce (booking equity loss to compensate puts gain for tax loss harvesting purpose) my position in NLY, sold OXY, waiting for another spy puts buy when market goes positive !
1 Like
I was definitely early on selling puts. I guess the upside is Iām rebuying at much lower prices than I sold, so it still easily beats if I had done nothing. Iām set to rebuy 1/3 Friday and 1/3 on 4/17. That still leaves me 1/3 to DCA in lower.
The puts Iāve bought have been crazy though.
CCL
RCL
DAL
UAL
XLE
XLF
SPY
I almost panicked Friday and sold all of them.
3 Likes
3000 points drop in a single day. Has there ever been a day with such a drop?
Everytime trump opens his mouth the dji indicator at the bottom of the screen falls. Comical to see.
2 Likes
I wonder if he will mail out an autographed copy of todayās chart like friday
1 Like
Today drop is 12% S&P, but 1987 was biggest with 20% drop single day, next to 1929 drop (IIRC appx 30%).
The circuit breaker (7% - 15 mins halt,13% - 15 mins halt and 20% - halt for that day ) was made after 1987 drop.
2 Likes
What did Trump say today to cause a market drop? This is the problem with US economy and state of Capitalism. The market and the business should be valued for their ability to earn. The utterance of someone should not be a factor. The dislike of Trump or any should not cloud the ability to be a market participant who can come to conclusions rationally and objectively. Although I am not aware of what Trump said. I would like to know what it was.
3 Likes
3 Likes
If this the understanding of the situation in Trump Administration, Should he have not said that? Or, should he keep quite so that market can close above the last low a few days ago? Could he not be taking a big bath because that is a better path for him into election season?
1 Like
Dude he canāt take credit for an up day without also having to take credit for a down day. I was calling out his hypocrisy. The reason he gets away with all his shit is the cult like worship of republicans to excuse him each and every time
2 Likes
I know he is a hypocrite. Actually, he more hypocrite than anyone out there. But, that is what politics is about. Managing expectations, creating perception and keeping your voter base glued to you. He is a person who says nothing will happen to him if he shoots someone on 5th street. So what? Stock market should go up or down for that?
1 Like
Trump just said recession is imminent. Now what ? Should market drop 3000 points tomorrow?
2 Likes
If I guess/speculate, it will up tomorrow as MM dropped 12% today !
1 Like
My take is we will have up and down days, but generally trend down till the lockdowns start coming to an end
2 Likes