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Get some toilet paper - Market about to take Huge dump.

BigJim#1-8

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#2
Dow Futures -900+....
 

the_shootist

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#3
We knew it was coming. Perhaps this is the time! Perhaps not
 

Voodoo

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#6
Still seems like an awful lot of complacency for a 1,000 pt drop. Did have a put option on the DOW which doubled today. Would have been nice to have a little more but I had drained the accounts pretty low.
 

Voodoo

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#7
I also bought a put on GLD today. Not sure how both go down unless we see real deflation.
 

Voodoo

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#9
I don't think you'd find many people who would think a 50% drop is "fine". But there is far too much complacency when TSLA is still $800 a share. I will consider that the barometer of the dumb for this peak. Not going to really look for a bottom until that POS is back below $200.
 

Fatrat

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#10
Going from 30k to 15k would still leave you with an overvalued market, just my opinion though.
 

Voodoo

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#11
Going from 30k to 15k would still leave you with an overvalued market, just my opinion though.
This is a fake out. I think we hit 60k plus after a sharp hit. Perhaps the virus changes the final outcome but I don't think that is the case.
 

EO 11110

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#12
crazy watching the numbers jumping all over the place. numbers that usually creep along are gyrating like mad
 

the_shootist

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#14
Running out for more toilet paper BRB.
Just bought more dried beans to help use up my TP stash. It's gotta go in before it comes out!
 

BigJim#1-8

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#17
1582905674929.png
 

keef

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#18
If you like your tech stocks, you can keep your tech stocks!

(they have to wipe better than that new Chinese toilet tissue we been usin)
 

Fatrat

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#19
Time to shear the sheep...I wish I could get a Twenty year DJIA chart to post, this was long overdue...IMHO.
 

keef

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#20
Well, yeah. This is one big ass bubble letting off some serious gas.

Pension Fund Managers should do the right thing and jump out of their windows today as they were insolvent even with the full bloat.
 

Goldhedge

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#21
Still within the 5 yr trend
Screen Shot 2020-02-28 at 9.33.27 AM.png
 

EO 11110

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#22
plenty left to deflate - 10 year chart

1582909936849.png
 

keef

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#23
Wow,, thats a big relief! Just a flesh wound. Should be all better when China resumes shipping our trinkets...
 

EO 11110

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#24
30 year bond at 1.67 yield. crazytown

10 year at 1.17 -- this one is most closely linked to mortgages. mtgs are reflecting the drop. anyone looking to refi ought to be shopping

15 yr mtg 2.94 percent

30 yr mtg 3.23 percent