Whipsaw's Account Talk

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I just discovered that detailed IFT notifications show up in the 'Correspondence from the TSP' section of the TSP.gov site. Who knew? :cheesy:
 
Bounce at support... at the moment anyway (@#%&$ 1200 cut off :rant:)

Holding position, see what tomorrow brings.
 
Holy smack upside the head, Batman! :slap: It all looked so good yesterday... support, futures up this morning... now the butt kicking! :buttkick:
 
Futures look to be recovering since early this morning (~3am), some profits being reported at the time; oversold bounce today? Outlooks are for the virus to impact several sectors. One article opined the bloodbath is a reaction not only to the corona virus but to Sanders being in the running for the dem ticket. I didn't think that would be an issue until the nomination was settled and the real campaigning began. Hmmmmm... may exit today, hopefully on some strength. New IFTs on Monday.
 
Whipsaw said:
Futures look to be recovering since early this morning (~3am), some profits being reported at the time; oversold bounce today? Outlooks are for the virus to impact several sectors. One article opined the bloodbath is a reaction not only to the corona virus but to Sanders being in the running for the dem ticket. I didn't think that would be an issue until the nomination was settled and the real campaigning began. Hmmmmm... may exit today, hopefully on some strength. New IFTs on Monday.
Click to expand...


Futures jumped higher when news broke that Pres Trump would address the nation tonight and that he would have CDC health folks on with him. I will assume that is to counter the news from yesterday that came out saying the CDC expects the virus to spread. CNBC noted that he wasn't happy with the panic selling that has happened. I also assume that is why Mr. Kudlow was on yesterday telling everyone things are awesome with the economy. I suppose we will see if folks believe everything is great and this bounces or if the virus does hit as the CDC said yesterday. Place you bets folks the ball has started spinning around the wheel.
 
quabit said:
Futures jumped higher when news broke that Pres Trump would address the nation tonight and that he would have CDC health folks on with him. I will assume that is to counter the news from yesterday that came out saying the CDC expects the virus to spread. CNBC noted that he wasn't happy with the panic selling that has happened. I also assume that is why Mr. Kudlow was on yesterday telling everyone things are awesome with the economy. I suppose we will see if folks believe everything is great and this bounces or if the virus does hit as the CDC said yesterday. Place you bets folks the ball has started spinning around the wheel.
Click to expand...

It does seem that this is being blown out of proportion, for whatever reason, in relation to the generic flu (numbers aren't as bad, symptoms seem similar if not less severe). Maybe the CDC is subject to the same hype as the weather now...
 
May be a DCB... my IFT was made for my by the TSP pass code not showing up again. Holding. Let's hope we continue the recovery.
 
Whipsaw said:
It does seem that this is being blown out of proportion, for whatever reason, in relation to the generic flu (numbers aren't as bad, symptoms seem similar if not less severe). Maybe the CDC is subject to the same hype as the weather now...
Click to expand...

I don't disagree with you but I think people will be people and fear will be fear. I am starting to see a few people out in public in Illinois wearing face mask. That didn't happen with Sars or even Ebola when it was hitting Africa and it I have never seen it as related to the flu. I think most people accept that the flu will kill an x amount every year and have grown up with that as it has became the norm. Now however, they are scared that "not only" do they have to deal with the flu but this virus as well and there isn't any concrete information out there to make them feel better. No one really knows how long one is contagious is it 14 days, 21 days a month, 6 years it is all guessing right now. Doctors are doing are their best but in this case until a proven remedy is found, they are "practicing" medicine. I wonder what the market would do if it hit one of our major citys and the Governor or Mayor closed schools etc. It would be interesting.

I'm out of trades this month and I 'm kind of glad I am. Knowing myself I would have been trying to catch the falling knife over the past couple days. I have a habit of doing that. I'm sure I will jump in at some point. I just hope there is a bottom in place by then.

I found this on CNBC site and you know they pump the market.

The number of new COVID-19 cases outside China exceeded those inside the country for the first time, the World Health Organization announced. Outside of China, there are now 2,790 cases of the coronavirus across 37 countries, including 44 deaths as of Wednesday morning, according to a transcript of remarks from Tedros Adhanom Ghebreyesus, director-general of WHO.
 
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Quabit, there just isn't the severity of this virus that is seen with the common flu. It is being overblown in the news for ratings, and by the dems to give the president a black eye. Its a shame, really. This down turn is the pits, would have stepped aside yesterday but for the TSP security nonsense. My PIN finally arrived, so hopefully I won't be held hostage by slow emails anymore.
 
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