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Markets are flat out crazy right now

Cory
March 12, 2020

Chris Temple joins me to outline the biggest down day in markets we have seen during this wild correction. Fear and panic is hitting everything extremely hard. This is putting some of the strongest stocks on sale but there is no telling how much cheaper it could get.

Click here to visit Chris’s site.

Discussion
43 Comments
    cfs
    Mar 12, 2020 12:07 AM

    Actually, as bad as the Corona Virus is, IT IS BEATABLE. ISOLATE>>>>SELF-ISOLATE.

    https://medium.com/@tomaspueyo/coronavirus-act-today-or-people-will-die-f4d3d9cd99ca

    A month of universal self-isolation and this epidemic COULD BE OVER……just a blip in history.

    PLEASE SELF-ISOLATE.

    cfs
    Mar 12, 2020 12:13 AM

    Seriously folks Covid-19 is a bioweapon. THERE IS NO RESERVOIR IN NATURE. It is stored in humans. Stop the human spread and the epidemic is over.
    Jumans can communicate…….Use that fact……Self ISOLATE for one month and this is all over.

      Mar 12, 2020 12:06 PM

      CFS…. Isolation begins tomorrow 1 am. Been in the works.

    Mar 12, 2020 12:14 AM

    Good discussion guys. I’m beginning to think it doesn’t really matter what I think on this discussion, others are making decisions for me. The crowds have taken over!
    I think it could be a bit worse (possibly more like Italy) than Chris imply s on this virus thing, mostly because of how it’s been handled since January.
    We’re more akin to Iran than we are to South Korea or Singapore in our attempts to outfox this contagion. All we can do is take charge of ourselves; governments will do what they will do!

        Mar 12, 2020 12:02 PM

        Does anyone have a take on Celente? He thinks this is hyped up hysteria to take liberties. Getting confused.

          Mar 12, 2020 12:16 PM

          He’s absolutely right.

            Mar 12, 2020 12:59 PM

            I would agree……….it is way to convenient and an opportunity for the Evil to keep squeezing the sheeple………….We have been talking about this for YEARS……people are really behind the curve……almost too late…….but, as long as everyone keeps their guns…..it will be harder for the abuse….
            Damn shame people have a foggy brain……Just go back and do some history lesson people…..THIS NOTHING NEW…………

      cfs
      Mar 12, 2020 12:01 AM

      I agree with you silverdollar, it is going to get worse.
      It will get worse, really fast, like Italy. Because the U.S. is un-prepared and lacks enough test kits.
      Trump is timid; tired of 3 years of constant battle against moronic Democrats.

        Mar 12, 2020 12:12 AM

        CFS:
        Until the time comes that you can acknowledge that the Politics of the day is a two headed snake, you will continue to show everybody your total ignorance of how the Political system actually functions here in the U S.
        Name for me one spending bill that wasn’t passed.

        Mar 12, 2020 12:14 AM

        Trump timid? He would be better off if he actually was timid once in a while. I see him as a bull in a china closet; incapable of even providing a coherent sentence. Somebody has to muzzle him if they want to have their own jobs after November. As I said before, there’s a good chance this is trump’s Waterloo. He’s floundering like a drowning victim who thinks flailing one’s arms is swimming!

          cfs
          Mar 12, 2020 12:08 PM

          Silverdollar. Everything is relative. I was calling Trump timid, comparing him in my mind with the absolute authoritarian actions of China….
          Confining people to their homes.
          Stopping ALL movement of people out of infected areas, by road blocks, police patrols, etc.

          Trump’s actions are very timid when compared with China.
          China, of course, had the advantage of knowing exactly what they were dealing with.
          China will be successful in stopping the epidemic within its borders.

      Mar 12, 2020 12:15 PM

      The average U.S. women is five four 167 pounds. I suspect not a good death rate as South Korea has(proactive). Because of fumbling and processed crap we eat. Take Viitamin D and I just got more C and trying Chaga mushroom. I want ALL you guys coming out ok. We need good people. God bless

        Mar 12, 2020 12:02 PM

        Sugar Baby………..McDonalds and Fries………they are hooked on sugar crack……

          Mar 12, 2020 12:27 PM

          I can remember when the average was 5’4″ and 140 pounds. Used to know someone who was 5’5″ and 140, and could wear a string bikini at the pool very nicely.

    Mar 12, 2020 12:17 AM

    Bazooka Fired: Fed Unleashes $4 Trillion Repo Bailout, Expands “Not QE” To QE4

    https://www.zerohedge.com/markets/ny-fed-conduct-1-trillion-repo-over-two-days-stabilize-treasury-financing-market

      Mar 12, 2020 12:17 AM

      Trillion here, a trillion there, pretty soon we’re talking about real money, no? I was surprised that action didn’t get a response from gold.

        Mar 12, 2020 12:24 AM

        It might have been part of the reason gold bounced from 1561 to 1604-ish.
        It is definitely not bearish that gold’s upper quarterly Bollinger Band is acting as support (currently at today’s low).

      Mar 12, 2020 12:02 PM

      I am gone an hour………….and the REPO explodes……….No that is some nationalization of the banks……….lol
      Humm……….nothing left in the tool box., fed backed into the corner…..LOL
      What a joke…………….
      I Said, ……Until the FED IS ENDED……..NOTHING WILL CHANGE…..

    Mar 12, 2020 12:30 AM

    Take the time to listen to this discussion .. 1 hour long , between two Irishmen RE. the virus & the lack of action among politicians . They could very well be talking about whats happening in the US & every EU country.

    https://www.youtube.com/watch?v=_M-QJDWgBLg
    BTW…The Irish Govt. have just shut down all schools until the end of the month.

    AJ
    Mar 12, 2020 12:37 AM

    The Coronavirus According to Donald Trump
    https://thebulwark.com/the-coronavirus-according-to-donald-trump/

    Mar 12, 2020 12:46 AM

    The actual deficit for the 2019 budget year, which ended on Sept 30, was 984.4 billion, up 26% from 2018
    The first five months of this budget year is up 14.8% from the same period a year ago, keeping the country on track to record it’s first trillion dollar deficit since 2012.

    Mar 12, 2020 12:02 AM

    Deflation ahead for some time…yep..imho

    https://www.brighteon.com/f386dfb1-0bd5-4ad0-8f25-a67b37bafedf

    dr.1/dr. 2 suggest dating and hugs…and state that…..’corona virus stress disorder’, is worse than a bioweapon..that exposing the facts about COVID-19 is equivalent to panicking about it…..dr.1/ COVID-19 is ‘less bad than a regular flu’…They just make it up,that is correct…….I tried to warn you all about the fraudster fake phony’s in the theater/ entertainment business called Rockefeller allopathic medicine……Medicine is BUILT on MD’s Bullchitting the sucker patients…Sorry but true…..They only survive if you play along in the theater of their creation…Do your own work about your health and COVID-19 treatment regimen…You do not need or need to wait for the systems toxic vaccine fraud lie….It will miss the virus type and load you with life ending or shortening toxins..evil lie

      Mar 12, 2020 12:16 AM

      The media keep saying there is no cure for Wu flu but some doctors are curing the sick people in Singapore and China and with high doses of vitamin C. American doctors are not allowed to do this because vitamin C is very cheap and big pharma does not want us to know about this method of treatment. I take 5 or 6 grams of C daily and have not had a cold since 2010. If I get sick I will triple that dose.

        Mar 12, 2020 12:32 AM

        Larry and AL, go to http://www.greenmedinfo.com today and read how doctors in China and Singapore are saving flu patients with vitamin C

    Mar 12, 2020 12:37 AM

    b.b.- I go to a D.O. who is hated by the local conforming whore conventional MD’s(the 99%)….He uses alternative methods and that includes I.V. vitamin therapy and chelation etc….I suggest all here to sign up for a functional or alternative doctor who will not just treat or remedy symptoms and hope you both won’t die while waiting on the fools vaccine to COVID-19

      Mar 12, 2020 12:43 PM

      Larry, just be careful with the chelation.

        Mar 12, 2020 12:36 PM

        thankyou –i am careful of those vaccines…..

    Mar 12, 2020 12:53 AM

    Kootenay Silver is up 5.5% which represents a 26% move off of the morning low.
    That big gap in August has been filled:
    https://stockcharts.com/h-sc/ui?s=KTN.V&p=D&yr=0&mn=11&dy=0&id=p74130194663&a=725521128

      Mar 12, 2020 12:11 PM

      (KTN) Kootenay Silver was one of the bright spots today because it closed flat and didn’t loose any value.

    Mar 12, 2020 12:51 PM

    Question if I may—-Those horizontal lines off from the right edge of the chart?…Those are previous pivot, r1, r2 calculations??…What is the name of the tool you use for that information?
    Sincerely, larry

      Mar 12, 2020 12:13 PM

      Those are pivot points and they’ve often been very relevant…
      https://school.stockcharts.com/doku.php?id=technical_indicators:pivot_points

        Mar 12, 2020 12:55 PM

        Now that is very interesting……..thanks for sharing……someday I might figure these charts out on a short term basis…….Still……..You da man……..

        Mar 12, 2020 12:52 PM

        Right-Thank you Matthew!…I have seen those around for years…But never studied them…Loaded in my favorites, to do folder…GLTA traders…Could there be a blow your socks off counter rally or a mopey trading range?…lol…

    Mar 12, 2020 12:56 PM

    $DOW, $SP500, $NASDAQ all down 9.5% today
    $OIL down 6% today
    $Gold down 4.4% today
    $Silver down 6.5% today
    $SILJ down 18% today
    $GDXJ down 25% today
    $Bitcoin down 26% today
    $VIX up 40% today

    “Bring out your dead…”

      Mar 12, 2020 12:06 PM

      V.VXL UP today 40.91%, Up yesterday 57%, up two days ago 21%. It’s the only stock I currently own. Bought in last week, I already have more than a double. DT

        Mar 12, 2020 12:14 PM

        Great job DT. I considered picking up the VIX the end of last week, and earlier this week, but figured it had blown its stack already, however the last 2 days have been epic surges higher in volatility. Well played sir!

          Mar 12, 2020 12:29 PM

          strike that last comment – I misread your post and realize you wrote VXL not VIX.

          You meant Vaxil Bio Ltd. Never heard of it, but great job!

            Mar 12, 2020 12:15 PM

            VXL is a Canadian company headquartered in Israel. They talked about it on Fox News tonight, they claim to have a vaccine for the coronavirus. DT

            Mar 14, 2020 14:20 PM

            Down 32% on Friday. Yikes! they need a vaccine for volatility.

    Mar 12, 2020 12:33 PM

    Wow! Bitcoin is continuing to sell off bigly….. It gapped down to $3,858 about an hour ago, but now is back up to $5,780 (so it’s only down 30% now). Yikes!!

    https://www.coinbase.com/price/bitcoin