Anyone scalping the FTSE Futures??

[inzimam]

sheesh ok so maybe we will close 900 down

 

[counter_violent]

This is what ya call manipulation lol hilarious.

 

[medallion way]

GIven the rate cut can we really expect this to end down 800 points again??

Something not often seen: The Federal Reserve cuts its key interest rate by half a point and the stock market plunged more than 900 points at one point.

A classic case of buy the rumour sell the fact. Jim Cramer said "This latest cut appears to have created more panic rather than calm, I'm now more nervous than I was before"

Markets were waiting with bated breath for the "co-ordinated" word central bank action, but just got a unilateral cut by the US Fed. The cut was welcomed but then Powel put his foot in his mouth and spoke... markets did not like what Powell said after the aggressive cut... he is a know-nothing idiot, he hasn't a clue as to why he's doing what he does so he should take a cue from Greenspan and just say nothing all the time.

Had Powel said this is an emergency cut that will be reversed in 4 - 6 months (or whatever the estimate for a cure is) then it might have had the intended result on markets, a temporary cut would be seen as "stimulus for a purpose" rather than signalling a weakening economy panicking investors. Also, Trump should shut-up in telling the Fed what to do and instead come-up with his own plan for a stimulus, such as tax/tariff relief for affected sectors, he also needs to reform the emergency health response procedure and make it so that individuals don't need to pay for tests and also reform the sick leave system.... keeping in place a $3,000 cost for testing and having 40% of the working population with no paid sick leave doesn't do much for containment... People won't get tested and will go to work when sick.

The markets sold off because after the build-up to an anticipated co-ordinated world action and after Trump made it know that he himself has no plan "but the Fed can fix this" if they do this, that & the other, only the Fed unilaterally acted and then only the "this" was done, the "that & the other" weren't done... a comedy of errors I guess!

God help America, it is run by egoistic clowns with megaphones.

Anyway, I think the Fed's action, despite Powell screwing it up later, was sufficient to hold the floor set on 28th, Sanders or Warren inability to secure a win on "super Tuesday" might even give markets a reason to continue the rise started on Monday, be it not in a straight line.

 

[Dentalfloss]

Updated

 

[Dentalfloss]

 

[Dentalfloss]

In rez

 

[Dentalfloss]

Blue..??

 

[Dentalfloss]

Or yellow

 

[Dentalfloss]

 

[postman]

These swings
Dow on the way up again. 30,000 here we come. Major buyers already know the full story on the virus and have pilled in. By the time retail works out they've been suckered again it will be to late. Slow steady rise - and with a 50bps interest rate in the bag its new all time highs.
Buy and hold.

 

[Dentalfloss]

These swings
Dow on the way up again. 30,000 here we come. Major buyers already know the full story on the virus and have pilled in. By the time retail works out they've been suckered again it will be to late. Slow steady rise - and with a 50bps interest rate in the bag its new all time highs.
Buy and hold.

Trump re elected as well

 

[Dentalfloss]

These swings
Dow on the way up again. 30,000 here we come. Major buyers already know the full story on the virus and have pilled in. By the time retail works out they've been suckered again it will be to late. Slow steady rise - and with a 50bps interest rate in the bag its new all time highs.
Buy and hold.

Dominic Cummings needs you...

 

[Oscar Reed]

These swings
Dow on the way up again. 30,000 here we come. Major buyers already know the full story on the virus and have pilled in. By the time retail works out they've been suckered again it will be to late. Slow steady rise - and with a 50bps interest rate in the bag its new all time highs.
Buy and hold.

Hope they can get there money back on the toilet rolls.

Coronavirus panic: Why are people stockpiling toilet paper?

Loo roll has become the top "panic buy" item in several countries after coronavirus fears.

www.bbc.com

 

[postman]

Hope they can get there money back on the toilet rolls.

Coronavirus panic: Why are people stockpiling toilet paper?

Loo roll has become the top "panic buy" item in several countries after coronavirus fears.

www.bbc.com

This is a good thing! The 'FOMO' factor displayed by those idiots bulk buying toilet roll is the same behavior that makes them SELL when stocks have already fallen 25%. This is when the level headed people like us are BUYING stocks!
We need those toilet paper buyers to make our profits. Celebrate human idiocy.

 

[Dentalfloss]

Updated
Our pivot area worked a treat

 

[Dentalfloss]

 

[Dentalfloss]

we got blue

 

[Dentalfloss]

Updated

 

[Dentalfloss]

 

[counter_violent]

Anyone need any second hand loo rolls ?