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Some Central Banks, most notably the Bank of Japan - have been buying equity shares for decades. It’s not a novel concept in terms of international monetary policy.

In this environment Monthly Pivot Points mean Jack Shit IMO.

You don’t need 20 years of tic data to find out if a trading system has potential. Backtesting is nothing more than a screening tool. The fact of the matter is that backtesting is a piss poor correlation to live trading results.

Be fair - you embellished your thread title and text a great deal. Maybe you have a future at MSNBC or CNN.

You can write a fairly simple Excel macro for sigma bands. Backtesting has some notable limitations.

Yes, there are hundreds of thousands people who don’t meet the CDC thresholds for testing who would like to be tested. And a person who meets the CDC criteria will get tested. Most patients with confirmed COVID-19 have developed fever and/or symptoms of acute respiratory illness (e.g., cough...

Cuomo’s presser today gave the market a glimmer of hope. And he went out of his way to state that NYC had enough beds and ventilators.

It could be argued that you shouldn’t be allowed to manage other people’s money if you don’t have the sense and fiduciary responsibility to use REGULATED Brokers and trades on REGULATED trading exchanges. :banghead:

Amen Brother.

Kiss of Death.

A buddy in Houston told me the same thing. Shale oil is about the easiest extraction operation to shut back down and then start up. And oil leases / wellheads never go to waste. The prior operator may go belly-up, but a new operator will most definitely step in and step up when the economics...

538 and Politico and NYT - certainly not Pro-Trump by any measure, recognizes that so far Trump has been helped and not hurt by the COVID-19 crisis. I’m not so sure that Joe Biden wins the mental competency challenge. If you’ve already got Joe Rogan and The Hill calling him out on it - pray...

The PROBLEM is STORAGE people. There’s no place to store it. Which the Saudis are finding out. :finger: Zero demand, permanent and temporary storage options exhausted.

The PROBLEM is STORAGE people. There’s no place to store it. Which the Saudis are finding out. :finger: Zero demand, permanent and temporary storage options exhausted.

Traders that have resisted the urge to fade the Contango move - That is, even though it’s a monster move into the ether they have closed their eyes, joined the trend, and sold prompt month and bought dated back month(s) have made serious bank. With dire storage issues coming into focus your...

These Saudi unilateral oil interventions never work out over the long run. And yes, you can shut down a shale operation and have it back up and running in a few months time. What’s driving today’s price action is the realization that crude storage is about to run out - that’s how...

1. You have to be laid off, you can’t quit your job, and 2. The bump in benefits is temporary

[ Hyperbolic hysteria inserted here ] Going from 2% to 3% unemployment is not a depression. 16% unemployment is a depression.

I have clients who got caught up in the MF and PFG Best fiascos. I now give them the same advice - keep your trading account balances in the light side. You can always wire funds within an hour. :thumbsup:

The forward oil curve can provide some perspective - the prompt two months are extremely depressed, then monster Contango. Today’s settlement: May ‘20: 23.18 July ‘20: 28.68 Sept ‘20: 31.28