Has the Bull Market lost it's luster

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2 months 3 weeks ago #125553 by GoldnBoy
GoldnBoy replied the topic: Has the Bull Market lost it's luster
Good call by Struthers for September correction, NASDAQ is already into hist first target area.

I bought some HSD at the open for 6.75 going right direction so far

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6 months 2 weeks ago #125069 by alexgreat
alexgreat replied the topic: Has the Bull Market lost it's luster
Good chance Ron's call - the bear market rally is over - could be happening

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8 months 1 day ago #124905 by lynnsa10
lynnsa10 replied the topic: Has the Bull Market lost it's luster
Maybe Pot stocks will hold their ground at these new low levels

The Financial Post reports in its Thursday, March 26, edition that alcohol and cannabis are two things consumers cannot seem to go without, even in the midst of a global pandemic and a halted economy. A Bloomberg dispatch to the Post reports that the newly legal marijuana industry has never weathered an economic downturn, so the industry was not entirely sure how it would perform in one. A survey of 1,005 United States consumers by MKM Partners found that demand for pot appears to be just as inelastic as demand for alcohol. When asked whether they were spending more or less on various discretionary categories as a result of the coronavirus pandemic, media, alcohol and cannabis were the categories that showed the highest indications of spending.

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8 months 5 days ago #124880 by Gambler
Gambler replied the topic: Has the Bull Market lost it's luster
QE, to infinity and beyond

Fed announced unlimited QE

The Federal Reserve announced a barrage of new programs to help keep the market functioning.

Among the moves is an open-ended commitment to keep buying assets under its quantitative easing measures.

There are multiple other programs, including one for Main Street business lending and others aimed at keeping credit flowing.

The Fed will be moving for the first time into corporate bonds, purchasing the investment-grade securities in primary and secondary markets and through exchange-traded funds.

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8 months 1 week ago #124854 by GoldnBoy
GoldnBoy replied the topic: Has the Bull Market lost it's luster
Another great article from Ambrose Evans

The question now is not if we have a recession because we are already in one
but if it dwarfs to a deflationary depression

www.telegraph.co.uk/business/2020/03/17/...-arrived-do-do-next/

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8 months 1 week ago #124832 by DearJohn
DearJohn replied the topic: Has the Bull Market lost it's luster
alex, agree, Ron's chart last week on the Fed balance sheet had the arrow straight up, it is already come true. I bet he is surprised it was so fast, same with the gold chart

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8 months 2 weeks ago #124828 by alexgreat
alexgreat replied the topic: Has the Bull Market lost it's luster
Fed injecting $1.5 trillion in QE, but the markets are broken, some big bank or banks are in trouble

www.nytimes.com/2020/03/12/upshot/market...ird-coronavirus.html

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8 months 2 weeks ago #124823 by GoldnBoy
GoldnBoy replied the topic: Has the Bull Market lost it's luster
Around 70M to 150M people in the U.S. will become infected with COVID-19, according to Dr. Brian Monahan, the attending physician of Congress and the U.S. Supreme Court. The Fed is raising the maximum offering of its daily operations in the repo market to $175B (from $150B) through mid-April, while the NBA announced it will suspend the season until further notice.

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8 months 2 weeks ago #124792 by Gambler
Gambler replied the topic: Has the Bull Market lost it's luster
More QE on the way

The Federal Reserve Bank of New York said today it will increase the amount of very short-term loans it has been offering to money markets amid a widening market rout.

The Fed had been slowly reducing its lending in a key short-term financing market for repurchase, or repo, agreements, in which the Fed lends cash overnight or for two weeks, accepting government bonds or mortgage-backed securities as collateral.

www.wsj.com/articles/fed-increases-short...s-stable-11583756069

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8 months 3 weeks ago #124735 by alexgreat
alexgreat replied the topic: Has the Bull Market lost it's luster
Pretty weak bounce this morning

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9 months 16 hours ago #124683 by DearJohn
DearJohn replied the topic: Has the Bull Market lost it's luster
But no worries, plunge protection team has all weekend to plan their counter attack :)

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9 months 16 hours ago #124682 by DearJohn
DearJohn replied the topic: Has the Bull Market lost it's luster
This pic says it all.

The Dow plunged 1,191 points on Thursday, marking the worst one-day point drop in the index’s history. In Canada, the TSX was down 325 points, or 1.9 per cent, when technical issues caused trading to come to a sudden halt



www.ctvnews.ca/business/coronavirus-cras...ket-plunge-1.4831248
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