I laugh . Were down 16% plus and people crying . The problem with this decline is the amount of time it’s taken to unfold. Long time periods allow too much shorting and negativity. That seems to put a floor under mkt . 10 yr .3 lows to 3.5% . Earnings crap . Dollar on fire to crush earnings . Inflation 8% . Yet the mkt after a 13 yr bull can’t even retrace 1 yrs gains (2021). It’s a matter of time before the mkt says “ what else you got we know that “ . The real wildcard is if Russia gets desperate and throws a tactical Nuke at Ukraine.
ES Journal - 2021/2022
- Thread starter Buy1Sell2
- Start date
THAT right there is what would push the market back to Great Recession lows of 2008 and even beyond. When it comes to nukes, all bets are off.
There hasn't been a nuke used in war in 77 years, and it was on only two occasions. This generation, hearing about a nuke being used? All hell will break loose in the markets. Limit down moves that will make 2020 look like a dip.
is bullish/bearish/undecided" lol.lol really where were you and MacBookBro when we were discussing the low break? Not like we did something amazing but that was the probability play and it happened. Let me guess you said nothing because it was just so obvious right? So you call out the two people that gave an analysis that played out. What should we have done said nothing? What’s the point of this journal or to communicate if not to give some type of information or view. Have a great evening my friend.
Might be nothing but keep this in mind (no not Amtrak silly, but BNSF, Union Pacific etc the long haul freight carriers):-
https://www.cbsnews.com/news/amtrak-cancels-all-long-distance-routes-railroad-strike/
Amtrak cancels all long-distance routes amid looming rail strike
Amtrak said it is canceling all long-distance trips starting on Thursday amid a looming railway strike that could disrupt the U.S. economy, resulting in lost productivity of $2 billion a day.
The potential work stoppage stems from a labor dispute between railroad companies and their unionized workforces. If the two sides aren't able to come to an agreement this week, the strike could begin Friday.
A Labor Department spokesperson told CBS News on Wednesday evening that dinner had been ordered and the talks in Washington among federal officials, railroad executives and railroad worker union leaders are ongoing.
While Amtrak is not involved in the ongoing negotiations between the two sides, a work stoppage would impact its passenger service because almost all of its routes outside the Northeast corridor operate on tracks maintained and dispatched by freight railroads. The announcement comes after the passenger train service canceled three long-distance routes earlier this week in anticipation of the strike.
Suspending all long-distance routes is "necessary to ensure trains can reach their terminals before freight railroad service interruption if a resolution in negotiations is not reached," Amtrak said in a statement to CBS News.
It added, "Amtrak will only operate trains this week that we can ensure will have enough time to reach their final destinations by 12:01 a.m. on Friday, Sept. 16."
Most train travel on Amtrak's Northeast Corridor — such as the Acela train that runs between Boston and Washington, D.C. — won't be impacted by the cancellations, Amtrak said. The Acela will continue to run a full schedule.
Amtrak said it's reaching out to customers with tickets on the canceled routes, and will allow them to change their reservation or to receive a full refund without cancellation fees. If a customer changes to another travel date, Amtrak said it will waive any difference in fares for departures through October 31.
Here are suspended routes with the dates that the trains will suspend passenger service:
As of Tuesday, Sept. 13:
https://www.cbsnews.com/news/amtrak-cancels-all-long-distance-routes-railroad-strike/
Amtrak cancels all long-distance routes amid looming rail strike
Amtrak said it is canceling all long-distance trips starting on Thursday amid a looming railway strike that could disrupt the U.S. economy, resulting in lost productivity of $2 billion a day.
The potential work stoppage stems from a labor dispute between railroad companies and their unionized workforces. If the two sides aren't able to come to an agreement this week, the strike could begin Friday.
A Labor Department spokesperson told CBS News on Wednesday evening that dinner had been ordered and the talks in Washington among federal officials, railroad executives and railroad worker union leaders are ongoing.
While Amtrak is not involved in the ongoing negotiations between the two sides, a work stoppage would impact its passenger service because almost all of its routes outside the Northeast corridor operate on tracks maintained and dispatched by freight railroads. The announcement comes after the passenger train service canceled three long-distance routes earlier this week in anticipation of the strike.
Suspending all long-distance routes is "necessary to ensure trains can reach their terminals before freight railroad service interruption if a resolution in negotiations is not reached," Amtrak said in a statement to CBS News.
It added, "Amtrak will only operate trains this week that we can ensure will have enough time to reach their final destinations by 12:01 a.m. on Friday, Sept. 16."
Most train travel on Amtrak's Northeast Corridor — such as the Acela train that runs between Boston and Washington, D.C. — won't be impacted by the cancellations, Amtrak said. The Acela will continue to run a full schedule.
Amtrak said it's reaching out to customers with tickets on the canceled routes, and will allow them to change their reservation or to receive a full refund without cancellation fees. If a customer changes to another travel date, Amtrak said it will waive any difference in fares for departures through October 31.
Here are suspended routes with the dates that the trains will suspend passenger service:
As of Tuesday, Sept. 13:
- Southwest Chief
- Empire Builder
- California Zephyr
- Train #421 portion of the Texas Eagle (Los Angeles-San Antonio)
- City of New Orleans
- Coast Starlight
- Crescent
- Lake Shore Limited
- Silver Star
- Sunset Limited
- Texas Eagle
- Auto Train
- Capitol Limited
- Cardinal
- Palmetto (south of Washington)
As they say, "Don't fight the Fed". I'm sure Uncle Sam has a few tricks up his sleeve and will come to the rescue as it has always done. The real crux is more to due with current market participants, who don't have the balls to stomach any pain. Nor did they ever experience any major bear market correction. They just want rosy days, every day of the year.
BTW if that douchebag uses the nuke option, I doubt USA and the NATO would just sit on the fence and watch Ukraine go up in flames. As for the stock market, it might be closed indefinitely. Just my thought.
That won't happen, unless Chicago and New York get nuked. Last time the NYSE etc was shut down was 9/11, but that was because it was a major attack on downtown Manhattan, close to the exchange.
Nah, if nukes fly in Europe, the markets will function as normal, with breakers tripping every day at 7, 13 and 20% until we reach the nadir.