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A look ahead for the overnight potentials in the markets......
Obviously, there are massive gyrations in the markets this morning.
Currently, at 5 minutes past the market open; there is no access to the Fidelity site for log-in. I'm sure this circumstance is common to other vendor sites, too. My presumption, is that enough retail investors are at least checking portfolios; overwhelming the servers and/or the networks ability to connect.
This site page is an interesting overview, near real time, of global ETF's for all of the major market sectors.
Hi @Derf I'll say laughingly that we sold all of our technology at near the high point, for the day, on Monday morning. We've held this position for a number of years and so have taken the money and "ran". However, we still have healthcare and med. tech. for equity. As there is not mercy today for equity, even these got whacked today.
Note to self before pillow time (Thursday, Feb. 27)
The two links a few posts above indicate a rough start for Friday. Perhaps something will change overnight........NAH ! ; I don't think the big kids want to go into the weekend holding more equity than they currently have.
A tiny look back for the week so far: ---big equity whack, eh? And with all flavors; growth, value, all cap sizes. ---Gold pretty much asleep for the week. ---$U.S. lost some power
Biggest surprise for me is a very muted U.S. Treasury bond area. Yes, one will have a positive return for the week from these, the exception being HY and some corp. funds. I really expected a very large move in upward pricing, except corp/HY.
I guess the money from sales has moved to cash; 'cause I can't figure out where else it has traveled. If you know, please tell us here.
Our remaining healthcare equity is slightly less beaten, but not much. Perhaps should have dumped the whole load.
Okay you two. If you look again (Finviz) and soon; you'll find what happened when the hogs and cattle quit eating the cocoa/mulched pulp blend feed additive. Market correlation, eh?
Big U.S. equity upward hop today, March 3, 2020, eh?
So, is/are the markets/central banks/big money doing the first song of "Musical Chairs" today? Or is this a so called dead cat bounce? Or a quasi reversion to/of/for the mean?
Is most equity fairly priced for a Monday, Mar. 2 close; with more up for, how long?
Perhaps some equity markets are fairly priced for what appears to be many bumps, curves and all sorts of disruptions in the investing roads ahead.
Maybe just the machines playing online games among themselves.
I'm not convinced the equity markets will end this week at a higher level than where it started.
I'm placing these links again and now (11:23 pm, EST), for those who are curious about the open sessions in Asia, and indicated markets for Europe and the U.S.
Futures opening down 3-4-5% based on variety of factors, from COVID-19 to the failed OPEC talks. Crude futures are down 30%, the largest one day drop since the 1991 Gulf War.
Monday trading will probably be a global bloodbath.
The Australian share market is now down 6.5% on what is proving to be one of the most disastrous days for the ASX200 in recent history. The mounting concerns about a global recession caused by the virus have been compounded by the shock decision by Saudi Arabia to start an oil price war, sparking a 20% fall in the cost of benchmark Brent crude. Stocks in Japan, Korea and Hong Kong are also deep in the red.
The above news item was excerpted from a current Guardian news report.
E-mini futures on the S&P 500 Index sank 5% to 2,819 as of 8:05 p.m. in New York. After briefly rallying, they slipped back to the limit-down level and held there about two hours later. The curb means the contract can’t trade at a lower price for the remainder of the overnight session, although transactions at or above the threshold are allowed.
Speaking to how things could get worse when Wall Street opens, Japanese equity benchmarks slid more than 6%, and futures on the U.K. FTSE 100 fell more than 7%.
Yikes, circuit breaker tripped. Buy the dip pshaw... PRULX will go to the moon today. Wonder if the FED will speak? This and Covid are going to give the President fits.
PRNEX (nat. resources) should be off about 25% (YTD) by day’s end.
PRFDX (income producing companies) will likely be off near 20% (YTD) by day’s end.
Bloody enough?
How do you like the idea of tying up your $$ for the next 10 years in a CD or govt. bond for a “guaranteed” 0 - 0.5%? Fund companies may need to close or begin subsidizing their prime money market funds, as current rates probably won’t support operating costs.
Comments
Derf
Obviously, there are massive gyrations in the markets this morning.
Currently, at 5 minutes past the market open; there is no access to the Fidelity site for log-in.
I'm sure this circumstance is common to other vendor sites, too.
My presumption, is that enough retail investors are at least checking portfolios; overwhelming the servers and/or the networks ability to connect.
This site page is an interesting overview, near real time, of global ETF's for all of the major market sectors.
Derf
Derf
I'll say laughingly that we sold all of our technology at near the high point, for the day, on Monday morning. We've held this position for a number of years and so have taken the money and "ran".
However, we still have healthcare and med. tech. for equity. As there is not mercy today for equity, even these got whacked today.
We're at:
--- 45% bonds
--- 27% cash
--- 28% equity
We would like the portfolio to be otherwise, but such is the nature of the business.
Read my add at the COVID thread for other thoughts.
Take care,
Catch
added VDE today
The two links a few posts above indicate a rough start for Friday. Perhaps something will change overnight........NAH ! ; I don't think the big kids want to go into the weekend holding more equity than they currently have.
A tiny look back for the week so far:
---big equity whack, eh? And with all flavors; growth, value, all cap sizes.
---Gold pretty much asleep for the week.
---$U.S. lost some power
Biggest surprise for me is a very muted U.S. Treasury bond area. Yes, one will have a positive return for the week from these, the exception being HY and some corp. funds.
I really expected a very large move in upward pricing, except corp/HY.
I guess the money from sales has moved to cash; 'cause I can't figure out where else it has traveled.
If you know, please tell us here.
Our remaining healthcare equity is slightly less beaten, but not much. Perhaps should have dumped the whole load.
Oh, well; been a long time since sitting on cash.
I'm outta juice for this day.
Good evening,
Catch
Global futures indices real time
FINVIZ FUTURES
Have a pleasant remainder.
Catch
Okay you two. If you look again (Finviz) and soon; you'll find what happened when the hogs and cattle quit eating the cocoa/mulched pulp blend feed additive. Market correlation, eh?
Humor is good for the soul........especially now.
https://wsj.com/articles/the-pros-have-to-sell-stocks-now-you-dont-11582722004
So, is/are the markets/central banks/big money doing the first song of "Musical Chairs" today? Or is this a so called dead cat bounce? Or a quasi reversion to/of/for the mean?
Is most equity fairly priced for a Monday, Mar. 2 close; with more up for, how long?
Perhaps some equity markets are fairly priced for what appears to be many bumps, curves and all sorts of disruptions in the investing roads ahead.
Maybe just the machines playing online games among themselves.
I'm not convinced the equity markets will end this week at a higher level than where it started.
Good Evening,
Catch
so ... are you playing futures? why not?
Major disruptions continue.
Global futures indices real time
FINVIZ FUTURES
Have a pleasant remainder.
Catch
Futures opening down 3-4-5% based on variety of factors, from COVID-19 to the failed OPEC talks. Crude futures are down 30%, the largest one day drop since the 1991 Gulf War.
Monday trading will probably be a global bloodbath.
The Guardian is currently reporting that: The above news item was excerpted from a current Guardian news report.
E-mini futures on the S&P 500 Index sank 5% to 2,819 as of 8:05 p.m. in New York. After briefly rallying, they slipped back to the limit-down level and held there about two hours later. The curb means the contract can’t trade at a lower price for the remainder of the overnight session, although transactions at or above the threshold are allowed.
Speaking to how things could get worse when Wall Street opens, Japanese equity benchmarks slid more than 6%, and futures on the U.K. FTSE 100 fell more than 7%.
Futures are Limit Down, so WTF knows. Fill up your gas tank.
Peace,
Rono
PRULX will go to the moon today. Wonder if the FED will speak? This and Covid are going to give the President fits.
Let’s see ...
PRNEX (nat. resources) should be off about 25% (YTD) by day’s end.
PRFDX (income producing companies) will likely be off near 20% (YTD) by day’s end.
Bloody enough?
How do you like the idea of tying up your $$ for the next 10 years in a CD or govt. bond for a “guaranteed” 0 - 0.5%? Fund companies may need to close or begin subsidizing their prime money market funds, as current rates probably won’t support operating costs.
Morgan Housel noted that stocks bottomed today in 2009. Just a bit of historical trivia to kick off this morning's bloodbath.