Stock Market Today: March 9th - 13th, 2020

Freefall ... DAX loosing 10% in a day.
If we continue this way pretty soon there will be some nice bargains there.

Edit: Bayer per example, already on 50 euros level. And getting cheaper and cheaper at this rate ...

 

Well unless some kind of miracle happens, I guess today all major indexes will be in the bear market officially

 

Let’s see if we get some kind of bounce soon, it is getting pretty oversold

 

Good for you, you have cash to use when you feel like maybe we get closer to the bottom

 

Could be a sign that we will see a short term bounce soon

 

Got a little bit of SPYG at $34.38, let’s see if we will get a bounce in the next few sessions

 

Keep an eye on that VIX. I'm definitely not a buyer here. But if I WERE a buyer, with a VIX that high I'd take advantage of the high options premiums and sell Puts on anything I think represents value at these levels. When (not if, but when) you get put, you'll get the same shares you like here at a lower cost basis. Or you could wait until maximum COVID-19 societal shutdown occurs in USA (I think the US Catholic church officially cancelling Sunday mass and telling parishioners to stay home [during Lent!] & Disney Florida shutting down would be good proxies for approaching maximum societal paralysis) and see where valuations are at that point.

 

CCL halted....lol, huge move in the markets from that fed announcment

 

Fed to pump more than $500 billion into short-term bank funding, expand types of security purchases

https://www.cnbc.com/2020/03/12/fed...nding-expand-types-of-security-purchases.html

Market always bouncing a little bit off the lows

 

The FED ready to launch QE if the sell off continues lol?