Cheese
1,374 posts
msg #151104
- Ignore Cheese |
3/6/2020 2:10:29 PM
klynn,
Blessings and kudos for health care workers like you.
You are so right to be concerned for seniors in case of pandemic.
From what I've read about the situation around the globe, seniors who fell ill
were often ... sacrificed .
Thoughts and prayers for all affected.
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miketranz
961 posts
msg #151105
- Ignore miketranz
modified |
3/6/2020 2:26:10 PM
Stabilize? Good question.Could possibly either be a test of recent lows,big players coming in buying cheap,squeezing shorts or public panic selling,which we haven't even seen yet.That kind of selling pressure usually leads to market reversals.Intra day price action has been incredible to watch.Fasten your seat belts.This market is not for the faint at heart...
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Cheese
1,374 posts
msg #151106
- Ignore Cheese |
3/6/2020 2:45:38 PM
mike, you are so right.
Someone posted a study of past corrections during extreme VIX levels.
We could expect a bottoming process that may last several months with
jagged whipsaws and head fakes that could kill bulls and bears alike.
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miketranz
961 posts
msg #151108
- Ignore miketranz |
3/6/2020 6:31:45 PM
Cheese,yes,it's a tough market to navigate.The futures market is even more insane.Holding anything overnight is a risky proposition.Best to step aside until the dust clears...
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Cheese
1,374 posts
msg #151111
- Ignore Cheese |
3/6/2020 8:45:41 PM
Thank you, Mike.
Here is an interesting market story about the VIX today March 6, 2020
for your weekend reading pleasure:
https://www.zerohedge.com/markets/someone-big-was-utterly-blown-fk-out-heres-reason-behind-todays-unprecedented-vix-move?
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