The bottom was on March 21st...here are why.

idiots and lazy bones... I am offering free virgins and infinite richs and a life style you can sense - full of freedom and worry free.... unlimited virgins....

but these people rather stay as slaves.... because that's the comfort zone.

Glorious. I am now on my lazy way to quoting your insanely funny aphorisms. More please. I love the juvenile part about virgins and endless riches. Where do you come up with this?

How about instead of what a doozie, we'll say "what a Dozu".
 
Glorious. I am now on my lazy way to quoting your insanely funny aphorisms. More please. I love the juvenile part about virgins and endless riches. Where do you come up with this?

How about instead of what a doozie, we'll say "what a Dozu".

I didn't need to come up with anything.... when you experience the good life you will know.
 
Dozu...do you live in the middle of a cornfield where life is the same as it was for you 2 weeks ago? Maybe venture out into a larger city. They are literal ghost towns. This is not something we have ever seen.

You used to preach "price action." How's that going for you? Haven't seen you use that term in a while.
 
This event seems more similar to 1929-1930 crash than it does 1987 or 2008. Not only was the market overvalued in both but each had major economic consequences that followed the drop. I dont think this will lead to what was essentially a 3 year bear market like 100 years ago because of our more socialist tendencies now but I just dont see this being over and finished 6 weeks later...The negative implications of this virus are just now taking effect and i dont see it possible to keep having green days every time the unemployment # doubles.

Its possible maybe even probable that market increases on bad news are a testament to just how strong this bull was but I think we havn't seen bottom yet...right now I am just starting to see people on facebook selling things because their cash is running out. they will default on all of their loans (which are aplenty) and this effect will trickle up to the big boys eventually. Is the fed willing to support EVERYONE? I don't think so...

Wait until those NON- Qm loans start to default. These loans are for those who just missed agency. The NONQM market had exploded from 2015 until two weeks ago when the secondary market purchasing those securitized loans vanished into thin air. Zip zero. The biggest volume within that segment was a loan called BANK STATEMENT loans. Used for self employed borrowers who could not qualify based on tax returns, so they got qualified on cash flow ie bank deposits. Oh boy talk about a recipe for distaster going forward considering most of those businesses will eventually fold or have a huge decrease in business.
 
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