Markets / Economy

   #201  
Jack@European_Parts

Jack@European_Parts

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Remember that a profit isn't real until you sell.

-Uwe-
Click to expand...

On the contrary yes it is and especially when you trade in and out of cycles or on shear volatility to take profit over and over.



All ultra inverse has been green for weeks now and will continue to float due to endemics of pandemics!

It's only 10K of a 30K Dow let's stay long WTF! ......BULLSHIT and FED BULLETS!

TVIX hit 1k this afternoon and vix exceeded 80.


Speaking of losses, nearly every market in the world fell today. The US dollar is up against most other currencies. Biggest surprise for me was Gold falling... I would expect everyone to run after gold...
Click to expand...

Depends on the market maker unless you are focused on the wrong market & while staring at the buildings falling down vs the ones being built!

Losses can still be had even if you never sell, especially when the company goes BK or is delisted!


Never hold long and never trade on margin.

Stocks trade on what people believe they are going to be worth, not what past performance was!



A Golf?

 
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   #205  
Uwe

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Yep, the more stuff they shut down, and the longer things stay shut down, the lower it will go, especially without a bail-out-everything bill.

At some point we're going to have to push the nose down and to get some airspeed back, before we stall the economy all the way down to the surface of the ocean, just like AF 447.

An oldie for ya, Jack:


-Uwe-
 
   #207  
Mike R

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Stimulus bill gives unemployment benefits a historic boost
In a historic expansion of unemployment insurance, the federal government would give jobless workers an extra $600 a week on top of their state benefits for four months as part of the $2 trillion stimulus deal lawmakers agreed to early Wednesday.
Click to expand...

edit: Clarification X axis is hourly wage, Y axis is how much one would likely expect to make in a year based off their pay.
GhijkR0.png


..... You're fucking kidding me right?
 
   #208  
DV52

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hmm....... together with Fed intervention, the US stimulus package is reported to be about 30% of your GDP - Australia's equivalent is about 10% of our GDP.

It appears that your Mr Trump has erred on the populous side, rather than the side of America's economy - compared to our Prime Minister. Not sure if this is due to the forthcoming elections (yes, a very cynical suggestion), or if the Donald is a genuinely empathetic leader!

As has been said previously here and regardless of country - someone has to pay!! We certainly live in interesting times!

Don
 
   #212  
Uwe

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Jack@European_Parts said:
AgDay Analysis: “The Ethanol Industry Has a Problem”
https://www.agweb.com/article/agday-analysis-ethanol-industry-has-problem
Click to expand...
Yeah, gasoline demand is way down due to people not driving, but diesel demand is not down as much because trucks are still rolling (and they have to in order to keep necessities on the shelves).

Now think about the effect this might have on refinery operations. When you distill a barrel of crude, you get a certain fraction of gasoline, and a certain fraction of diesel. Refineries can change this ratio a little bit, but not a lot. If they can't sell the excess gasoline, what happens to it? It gets put in storage tanks. What happens when those tanks are full? The refinery has to shut down, and you get no diesel either.

FWIW, April gasoline futures on the CME are currently under $0.60 / gallon... :eek:

-Uwe-
 
   #213  
PetrolDave

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Gasoline in the UK has dropped below £1 per litre in many areas - before the lockdown it was around 10-20% more expensive.
 
   #214  
Jack@European_Parts

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   #216  
Jack@European_Parts

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https://www.bloomberg.com/markets/stocks/futures

[h=2]Americas[/h]
NAMETIME (EDT)FUTURE DATELASTNET CHANGEOPENHIGHLOW
DM1:IND
Dow Jones mini
8:09 PMJun 202021,231.00-206.0020,926.0021,244.0020,778.00
ES1:IND
S&P 500 mini
8:10 PMJun 20202,496.75-27.252,459.002,498.252,445.00
NQ1:IND
NASDAQ 100 mini
8:09 PMJun 20207,489.50-79.007,395.757,507.257,365.00
IS1:IND
Mexican IPC
3/27/2020Jun 202034,462.00-2,554.0035,600.0035,640.0034,330.00
SCT1:IND
S&P/TSX Composite
3/27/2020Jun 202012,435.00-685.00------
PT1:IND
S&P/TSX 60
3/27/2020Jun 2020763.30-44.00798.60803.40759.10
BZ1:IND
Ibovespa
3/27/2020Apr 202073,050.00-4,671.0074,860.0075,800.0072,510.00
LB1:IND
IBrX-50
3/27/2020Jun 202011,896.00-688.0011,816.0011,896.0011,816.00
 
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