Black Monday

[bull....]

taking advantage of the newbies for sure lol


Bankrupt Hertz wants to sell up to $1B in new shares after stock spikes


Hertz looks at the market and sees there is a group of irrational traders who are buying the stock, and the response to that is to seek to sell stock to these people in hopes of raising some amounts of money to fund their restructuring

https://www.foxbusiness.com/markets/...-in-new-shares

[Balance]

https://finance.yahoo.com/news/reaso...101609099.html

4 reasons for the huge fall in the markets.

[bull....]

the big cap tech rally ended and the dash for trash momo rally ended all on the big sell-off this week.
the vix has sky rocketed indicating more big volatilty is coming
price action on charts is worrying looking at longer timed charts like weekly, mthly. one more big sell-off like this week on a longer term bar and ill be back in the test the lows camp again.
expect a battle from both camps after this week

[King1212]

Thanks bull for the summary. I know u always good at something. Lol

Looking forward for vilotile market .....it will churn people stomach up side down

[King1212]

Welcome a great vilotile market on Monday....

https://www.cnbc.com/2020/06/12/coro...e-updates.html

[Snow Leopard]

Volatile: liable to change rapidly and unpredictably, especially for the worse.

Note the spelling:

Volatile

[kiora]

Vilo tile sounds much more interesting but don't know what they are.
Wooden tile?
https://vilo.co.nz/

[Oberon]

https://finance.yahoo.com/news/billi...122132084.html

"The rate of infection of COVID-19 is now falling in 19 states including New York and New Jersey, about the same in eight states and rising in 23 states including Florida and Texas."

Here, we'd have been knocked back a level (or 2) if these up trends had emerged after easing restrictions. I'm not seeing anything in the news feeds so far as re-establishing lock downs in the States if infections rates spike to a critical level. Moreover, given the incubation period of ~2 weeks, I don't believe we've seen the fallout yet from the protests/riots (increases in cases at present could be attributed to their Memorial Day holiday).

I've assumed a second spike would be the catalyst for the market to take another leg down due to re-established / extended lock downs. But, I'm starting to wonder if the American attitude at this point is ... just keep on carrying on? Their response was a mess and they exited their half-baked lock downs prematurely. Now, their economy is in a state of disarray while the health crisis still has a strong foothold. I don't think anything would sway Trump from continuing the re-opening. But how will public sentiment and caution figure in if numbers continue to march upwards?

Interesting week or two ahead...

[winner69]

Vilo tile sounds much more interesting but don't know what they are.
Wooden tile?
https://vilo.co.nz/

Wooden sunglasses seem to be cool these days .....see quite a few wearing them

If they grow really big might be an IPO

[Joshuatree]

https://finance.yahoo.com/news/billi...122132084.html

"The rate of infection of COVID-19 is now falling in 19 states including New York and New Jersey, about the same in eight states and rising in 23 states including Florida and Texas."

Here, we'd have been knocked back a level (or 2) if these up trends had emerged after easing restrictions. I'm not seeing anything in the news feeds so far as re-establishing lock downs in the States if infections rates spike to a critical level. Moreover, given the incubation period of ~2 weeks, I don't believe we've seen the fallout yet from the protests/riots (increases in cases at present could be attributed to their Memorial Day holiday).

I've assumed a second spike would be the catalyst for the market to take another leg down due to re-established / extended lock downs. But, I'm starting to wonder if the American attitude at this point is ... just keep on carrying on? Their response was a mess and they exited their half-baked lock downs prematurely. Now, their economy is in a state of disarray while the health crisis still has a strong foothold. I don't think anything would sway Trump from continuing the re-opening. But how will public sentiment and caution figure in if numbers continue to march upwards?

Interesting week or two ahead...

It will be for some time imo.Im reading that the general consensus over there is we cant afford to go back into lockdown so its continuing to open up and collateral damage is smaller price to pay. And the protesting ,events on top of this , well something has to give and change has to come like stopping lethal force on minor discretions !