Whats with the mini crash today?

[pinabetal]

Again the top is in ?

AGAIN! LOL so funny speedo.

 

[pinabetal]

Mostly vested in QQQ & tech so felt it a little harder. Wuhan's numbers today were on pace with yesterday's (in other words, no 15 k surprise like a few days ago). Honestly it smells like one of those days when somebody knew something and we only get to find out several hours later.



Ok, the news don't move markets then. Only really noticed as it triggered my stop minutes after buying in on a rally.

Stop too close? Or if the unexpected event happen dump the position and go the other way.

 

[dozu888]

but with the buying pressure we been seeing, them boys don't dare to use too many bullets to push down... because if deep shake can't get more dumb money off the rally train then the cost is too much...

so it's gonna be a shallow one at the moment, because the dumb money is still neutral... not

You know who you remind me of? Henry Blodget. If you don't know who he is, go look him up.

you are wrong.

of course I know who he is. I am the master.

his pumping during the bubble was part of the crowd frenzy.... today is totally different... today the dumb money is OUT.

 

[ET180]

dozu888, what's your favorite stock or ETF

 

[dozu888]

It must be such a nice feeling, making millions every day with your pro boys.

Oh .. wait .. this is ET.

right, this is ET, most people are blind.... it's ok, I visit other sites also... the blindness is universal.

not millions, I am up 500 virgins this year...…. more than I can handle already.

and when the price recovers in a couple of days or shorter and makes new high, please remember to answer the question -

who is your daddy.

 

[dozu888]

dozu888, what's your favorite stock or ETF

my entire portfolio tracks QQQ, but the holdings include QQQ, XLK SPY DIA and individual MAGA's, just to shave off the cost a little.

at this point it doesn't matter.... the top is when we get $1000 aaple, $600 qqq, something like that...

the equity yield MUST catch down to the treasuries.... it's a law of gravity that must win in the end.

 

[schizo]

you are wrong.

of course I know who he is. I am the master.

Okay, I'll be sure to quote this when the market corrects by 20% or more. Hopefully, Barron will notice and give you a lifetime ban like the SEC did to that gas-emitting guru Henry Blodget.

 

[SanMiguel]

Good to see that the HFT algos are still removing liquidity. Weren't the regulators supposed to have fixed this since the flash crashes in the last 10+ years

 

[SanMiguel]

I didn't see a mini-crash. 250 point fall on the DOW is pennies so I didn't even think about it. Less than a 1% fall.

https://www.bloomberg.com/news/arti...ides-s-p-500-climbs-markets-wrap?srnd=premium

https://www.marketwatch.com/story/d...tside-of-china-rises-2020-02-20?mod=home-page

https://www.wsj.com/articles/global...n-cloudy-outlook-11582193972?mod=hp_lead_pos2


Seems the market is finally pricing in a semi-long term battle with Coronavirus now that China is being slightly more forthcoming with their data. 72,000 infected and rising last I checked. I'm surprised commodities are acting so tame given China has been turning down nat gas and oil for the last few weeks. Approximately two months off to the next set of earnings so I'm sure this is also profit taking and risk removal anticipating terrible earnings for this quarter (as I've been saying).



There's a reason. Since the dow first broke 20k this bull rally has been fake. It's 100% propped up by cheap money and daddy fed, not value. It's unsustainable like running an engine on cheap fuel and pure nitrous and calling it a good car while patching up leaks once a quarter with dollar store gasket sealer.

It was the speed it dropped not the amount so much.

 

[schizo]

I didn't see a mini-crash. 250 point fall on the DOW is pennies so I didn't even think about it. Less than a 1% fall.

Man, you need to change your data vendor. According to my chart, it ain't 250 but 411 points.