Popular Post Adam Montana Posted March 12, 2020 Popular Post Report Share Posted March 12, 2020 Hey hey DinarVets! I was out yesterday and most of the day before with a bit of a bug - I didn't die, so I assume it's not Corona. Or maybe it was, and I beat it. Wouldn't surprise me. This is just going to be a brief post for today. I spent the weekend (before I was attacked by that bug) working on a deep-dive post regarding Iraq's Budget and CBI Auctions. I'll get that posted by tomorrow morning. To the present moment... we are looking at one of the craziest times in world news that we have ever seen. We may not have an actual health emergency on our hands - the plain old flu is more dangerous to the population, strictly by the numbers - but we certainly do have a financial crisis on our hands. The world, and the world markets, are treating the Corona Virus as if it were a full blown pandemic - so, whether it deserves to be treated that way or not - that's what we are dealing with. OIL is down to about $30. BTC leapt off the cliff and plummeted to $6000, wiping out all the recent gains. Stocks... don't even get me started on the markets, I'm just thankful @Pitcher has been willing to share thoughts over the last few updates! It hasn't been pretty. Iraq is vulnerable to all of these things, just like the rest of the world - and on top of that, they are dealing with a Prime Minister issue. In spite of all that... guess who's not going anywhere? Iraq, you, and me. We aren't going anywhere. Especially not in public without some kind of contraption on our faces I'm really short on time today, so I'm going to get this posted for now. Stay tuned for the update on the Auctions and the Budget - I just need to proof it once more and it will be up. OSI members, I'm a day behind regarding that last notice we were discussing. I'll be following up on that one shortly as well. Thanks for your patience! Talk soon! - Adam 1 19 7 Quote Link to comment Share on other sites More sharing options...
lisashafer Posted March 12, 2020 Report Share Posted March 12, 2020 Looking forward to that 'deep dive'! Quote Link to comment Share on other sites More sharing options...
DWitte Posted March 12, 2020 Report Share Posted March 12, 2020 (edited) WOW. I made #2 today. I'm not sure that's a good thing. But it's better than making "A" #2. Oh the difference a vowel makes. Edited March 12, 2020 by DWitte added a sentence 3 1 Quote Link to comment Share on other sites More sharing options...
nannab Posted March 12, 2020 Report Share Posted March 12, 2020 Thanks Adam If you think about it any day making #2 is a good day DWITTE 4 minutes ago, DWitte said: WOW. I made #2 today. I'm not sure that's a good thing. 1 1 1 Quote Link to comment Share on other sites More sharing options...
Pitcher Posted March 12, 2020 Report Share Posted March 12, 2020 Thank you Adam, glad to hear you are feeling better. 1 3 Quote Link to comment Share on other sites More sharing options...
FROSTYJACK Posted March 12, 2020 Report Share Posted March 12, 2020 Thanks Daddy, lookin forward to your updates. In the meanwhile. 😎 1 1 Quote Link to comment Share on other sites More sharing options...
64jaguar Posted March 12, 2020 Report Share Posted March 12, 2020 Thanks Adam, maybe the perfect storm brewing! Glad you're feeling better! I'm not a trader anymore these days Pitcher, (maybe I ought to be, my wife is), but Going to be some good long term deals out there pretty soon Imo! Cheers! 1 1 Quote Link to comment Share on other sites More sharing options...
Linda Bower Posted March 12, 2020 Report Share Posted March 12, 2020 (edited) Edited March 12, 2020 by Linda Bower 1 3 Quote Link to comment Share on other sites More sharing options...
Linda Bower Posted March 12, 2020 Report Share Posted March 12, 2020 You might need one of these babies if you are going deep! 1 1 Quote Link to comment Share on other sites More sharing options...
Pitcher Posted March 12, 2020 Report Share Posted March 12, 2020 11 minutes ago, 64jaguar said: Glad you're feeling better! I'm not a trader anymore these days Pitcher, (maybe I ought to be, my wife is), but Going to be some good long term deals out there pretty soon Imo! Yes, if you pic the correct stocks. We don’t want to rush into Airlines, or oil stocks, haha. I’m looking for a sign of capitulation. We might be getting close but the recovery will not be a V recovery in my opinion. The Fed move today was good and helped the treasuries but the CV worries are still huge. I may look to nibble some next week depending on what I see. I’m still in no hurry. I got cut up in my 2 gold plays this week. When I do decide to go in I will have a fairly tight stop. The whipsaw action has been fierce this week lots of volatility. 3 2 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted March 12, 2020 Report Share Posted March 12, 2020 Thanks Adam and glad you are feeling better. Looking forward to that deep dive. 1 1 1 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted March 12, 2020 Report Share Posted March 12, 2020 7 minutes ago, Pitcher said: Yes, if you pic the correct stocks. We don’t want to rush into Airlines, or oil stocks, haha. I’m looking for a sign of capitulation. We might be getting close but the recovery will not be a V recovery in my opinion. The Fed move today was good and helped the treasuries but the CV worries are still huge. I may look to nibble some next week depending on what I see. I’m still in no hurry. I got cut up in my 2 gold plays this week. When I do decide to go in I will have a fairly tight stop. The whipsaw action has been fierce this week lots of volatility. Just wanted to catch you and thank you for posting you thoughts and insights. 1 2 2 Quote Link to comment Share on other sites More sharing options...
Pitcher Posted March 12, 2020 Report Share Posted March 12, 2020 Thanks Chuck. I hope they help some. It’s been a historical few weeks. 2 2 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted March 12, 2020 Report Share Posted March 12, 2020 10 minutes ago, Pitcher said: Thanks Chuck. I hope they help some. It’s been a historical few weeks. It sure has been but I think we come out of this ok on the back end. 1 3 Quote Link to comment Share on other sites More sharing options...
NEPatriotsFan1 Posted March 12, 2020 Report Share Posted March 12, 2020 9 1 Quote Link to comment Share on other sites More sharing options...
Synopsis Posted March 12, 2020 Report Share Posted March 12, 2020 Thank You AND Look Forward To Your Upcoming Text, er, POSTS, Adam, AND ALL The Very Best!!! Go Moola Nova! 1 2 Quote Link to comment Share on other sites More sharing options...
watchmedude Posted March 12, 2020 Report Share Posted March 12, 2020 Thanks Adam, glad you beat the bug . Till later. 1 1 1 Quote Link to comment Share on other sites More sharing options...
MyLadiesDaddy Posted March 12, 2020 Report Share Posted March 12, 2020 Thanks Adam. DOW will hit 20,000 tomorrow SUDDENLY SUDDENLY SUDDENLY SUNDAY 1 4 5 1 Quote Link to comment Share on other sites More sharing options...
adhoc10 Posted March 12, 2020 Report Share Posted March 12, 2020 1 hour ago, NEPatriotsFan1 said: baby steps for progress. 3 Quote Link to comment Share on other sites More sharing options...
Pitcher Posted March 12, 2020 Report Share Posted March 12, 2020 1 hour ago, ChuckFinley said: It sure has been but I think we come out of this ok on the back end. I don’t know Chuck. There will be Real damage to the economy the longer this goes on. Look at all the closings. That is going to have a profound effect on the economy/earnings. Once the economy powers down it takes time to rebuild confidence and earnings. We are around 28% off the highs now. We may go to 37-40% if this CV takes longer to run it’s course. In the Spanish Flu the low was 37%. We have to get the health situation right and people back to work before the Market can get right. It’s going to be a rough couple of months. There will be starts and fits while it all gets worked out 4 1 Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted March 12, 2020 Report Share Posted March 12, 2020 52 minutes ago, Pitcher said: I don’t know Chuck. There will be Real damage to the economy the longer this goes on. Look at all the closings. That is going to have a profound effect on the economy/earnings. Once the economy powers down it takes time to rebuild confidence and earnings. We are around 28% off the highs now. We may go to 37-40% if this CV takes longer to run it’s course. In the Spanish Flu the low was 37%. We have to get the health situation right and people back to work before the Market can get right. It’s going to be a rough couple of months. There will be starts and fits while it all gets worked out Thanks for your insight. It may be the positive side of me talking. I do have a history of being very optimistic about things, such as this investment. Even after 17 years. 1 3 1 Quote Link to comment Share on other sites More sharing options...
Synopsis Posted March 12, 2020 Report Share Posted March 12, 2020 OUCH!!! https://quotes.ino.com/charting/?s=INDEX_DJI Go Moola Nova! 2 Quote Link to comment Share on other sites More sharing options...
keylime Posted March 12, 2020 Report Share Posted March 12, 2020 1 hour ago, ladyGrace'sDaddy said: Thanks Adam. DOW will hit 20,000 tomorrow SUDDENLY SUDDENLY SUDDENLY SUNDAY I posted last week Kim Clement said 20,000. Observe the stock market. and when it seems it's at it's worst. Then SUDDENLY! Today that was the quote. "The worst one day decline in it's history." I'm watching the countdown to 20,000 Then.... 2 5 2 Quote Link to comment Share on other sites More sharing options...
Pitcher Posted March 12, 2020 Report Share Posted March 12, 2020 This will be my last chart update for a few days. I’m headed down to the Gulf of Mexico to escape for 3 days. I will be alone so I won’t be in any crowds. The last 3 weeks has been a bit stressful and I always know when it’s time to chill out for a few days. It’s time to relax a bit and recharge the batteries. The above chart is a weekly view going back 4 plus years. If you look at the underlined dips in 2016 and 2018 you will see the Price of the S&P 500 checks up at the red line or the 200 moving average. This is a line that goes back to 2011. A beautiful rising Price in the S&P chart pattern. Now look at this weeks action. Today we officially killed the 11 year Bull Market and more important we broke the 200 ma. Maybe we get some good news and have a ferocious rally tomorrow to form a wick while the body of the candlestick hugs the 200 ma. That would be awesome and a nice relief. (Maybe even a temporary short term capitulation). It will have to be a huge rally so don’t hold your breathe waiting for it. The lows that are underlined are the supports. 2350 ish for 2018 and 1810-30 for the low in 2016. Ouch. I’m not saying we will go that low but it’s possible. The RSI (circled) and the MACD below the chart look real oversold but when markets do these big swift sell offs the indicators are not as accurate. If the news continues to get bad the market will go lower. The Fed action today gave us a nice trade-able rally (thank you) but it is NOT a stimulus for the Stock Market. It was more a way to shore up the bond market by adding liquidity so the entire system doesn’t freeze up. There were some big institutions trying to sell some bonds to raise cash but THERE WERE NO BUYERS. It was a disruption of the bond market and we don’t need that to freeze up at this time. The 10 year yield under 1 is a scary situation. Keep an eye on that. I don’t want to scare you but things have definitely gotten worse this week as the Markets are pricing in a Recession and that’s if we get things back up and going in a few months. Don’t be in a hurry to jump in even if you see a huge spike tomorrow. There will be fits and starts as the Market digests the news. Some of the spikes will be algo driven reacting to good/bad news. We saw that today when the Fed made their announcement. A quick spike and subsequent draw back down. We are going to be in for a wild ride folks. Try not to worry and don’t be in a big hurry to rush back into the Stock Market. In markets like this NOTHING WORKS, NOT EVEN GOLD as evidenced by my 2 swings cut short this week. For most of you that are long term holders just turn the damn TV off. There is a lot of nonesense being spewed these days. 2 5 Quote Link to comment Share on other sites More sharing options...
Pitcher Posted March 12, 2020 Report Share Posted March 12, 2020 52 minutes ago, ChuckFinley said: history of being very optimistic about things, such as this investment. Even after 17 years. Thats what we all love about you Chuck. Keep the positive vibe going. 3 3 Quote Link to comment Share on other sites More sharing options...
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