Global Financial Crisis (34 Viewers)

[lgorTudor]

In other words, stock markets usually bottom before unemployment peaks. The latter is a lagging indicator. Stocks are a measure of forward growth, so much of the unemployment rate is priced into stocks way before the bad news actually hits.

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Going to be very interesting next week. We are sitting at the 50% fibonacci retracement level and 50 day EMA on the S&P, so there will be tons of resistance here. If we fail hard at these levels that will be very bearish. But the Fed probably won't let that happen since they're buying everything.

a perfect bear flag if I have ever seen one

 

Buy on AliExpress.com

[Bjerknes]

a perfect bear flag if I have ever seen one

Could be...

 

[lgorTudor]

Could be...

uptrend on decreasing volume is questionable as well

but yea, they'll just PRRRRRRRRRRRRRRRRRRRRRRRRRRRINT $$$$$

 

[Bjerknes]

uptrend on decreasing volume is questionable as well

but yea, they'll just PRRRRRRRRRRRRRRRRRRRRRRRRRRRINT $$$$$

Yeah, the decreasing volume could be a problem, too. Seemingly lots of manipulation going on in the futures market as well, wonder if they'll just keep buying up futures on weakness.

 

[Ronn]

 

[duranfj]

Honestly that's the best economic new so far... so now we just have to figure out how to keep going (copy cat asians could be an option) and hopefully the economic collapse it could be short

 

[AFL_ITALIA]

Markets don't seem to care though, oil still down too, I'm assuming on weak demand though.

 

[ALC]

Markets don't seem to care though, oil still down too, I'm assuming on weak demand though.

yeah, no one’s driving. I fill my car up once every two weeks while before it was like once every five days

 

[AFL_ITALIA]

yeah, no one’s driving. I fill my car up once every two weeks while before it was like once every five days

I'll give it another week or two until I buy I guess.

 

[Snobist]

Anything less than 20m wont help it.

 

[Snobist]

yeah, no one’s driving. I fill my car up once every two weeks while before it was like once every five days

Same here. Last time i filled my car was about 5 weeks ago. Which is unusual i used to fill it every 10 days.

 

[ALC]

Same here. Last time i filled my car was about 5 weeks ago. Which is unusual i used to fill it every 10 days.

yeah, nowhere to go

 

[s4tch]

an other prognosis, this time from imf:
https://www.imf.org/en/Publications/WEO/Issues/2020/04/14/weo-april-2020
see "full text" pdf's annexes from page 20 for detailed gdp outlook of some selected countries. i hope imf is right this time: numbers are not too bad for hungary.

 

[AFL_ITALIA]

an other prognosis, this time from imf:
https://www.imf.org/en/Publications/WEO/Issues/2020/04/14/weo-april-2020
see "full text" pdf's annexes from page 20 for detailed gdp outlook of some selected countries. i hope imf is right this time: numbers are not too bad for hungary.

10% unemployment in the United States, Jesus.

 

[lgorTudor]

10% unemployment in the United States, Jesus.

analysis by demographic?

 

[Dostoevsky]

Projections for 2021 are just funny.

 

[JuveJay]

Latest forecast for the UK is about 35% reduction in the economy by the end of June, 3.5m unemployed. Basically the worst economic downturn for about 300 years - during the War of the Spanish Succession (1701 - 1714) and the Great Frost of 1709, the coldest European winter of the last 500 years.

 

[Enron]

Latest forecast for the UK is about 35% reduction in the economy by the end of June, 3.5m unemployed. Basically the worst economic downturn for about 300 years - during the War of the Spanish Succession (1701 - 1714) and the Great Frost of 1709, the coldest European winter of the last 500 years.

legendary

 

[Ronn]

Not good

 

[Bjerknes]

Oil $19.69. Awesome.