OverSeas AG said:

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I appreciate many of you educated folks giving thoughts and advice. I mean it. This is an area where I am way being the learning curve.

Thank you for your time.

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I second that big time. I know enough to be very dangerous, so I appreciate the conversations, discussion, and arguments along the way. I wanted to learn from my 2008 mistakes, and I feel more comfortable now than I was back then.

oldarmy1 said:

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Stock pile cash. Sell, or at least rent, your children and build your cash war chest.

You're about to have a life-changing opportunity available once a generation, if that. Exciting!

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HAHA this made me laugh way too hard. Edit for being dumb.

So, uh, margin calls coming hard tomorrow?

That cannot help things

Futures halted limit down. Weeeeeeee

Guess I was a week early on my BLV and VCLT sale. Could have doubled my profits holding an extra 3 trading days.

3k contracts sitting on the ask. 33 on the bid. That's enormous for AH

I wasn't trading futures in 08-09, but I've never seen this.

Decided to throw $200 bucks at 4 contracts of 3/20 SPY puts at $200 strikes. Let's burn this mother down

Edit. But really. The 10YR UST being this low is terrifying lots of folks on the debt side at my work.

claym711 said:

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I wasn't trading futures in 08-09, but I've never seen this.

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They locked limit down election 2016

oldarmy1 said:

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Stock pile cash. Sell, or at least rent, your children and build your cash war chest.

You're about to have a life-changing opportunity available once a generation, if that. Exciting!

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I wish. I'm trading using an account I've rolled into a 401k from previous employment. I put about 90% in diverse ETFs (rather, my wife did) and I've been given about 5k to trade as a learning tool. I have about $700 in "dry powder"

Anyone want to see what they can do with $700??

Ah I don't recall the halt on election night. I did long that night though, drunk on bourbon and lib tears.

I'm just gonna keep dumping into the s&p 500.

Every knee shall bow and every tongue shall confess

Man, this is nuts. If I have some discretionary income to spend right now, zero expenses, etc should I be saving and just dumping into vanguard taxable accounts? I've already maxed my Roth IRA and my TSP account.

If anyone interested, the world bank published a paper on the last 4 oil price shocks:
http://pubdocs.worldbank.org/en/40441444853733469/CMO-April-2015-Feature-Oil-Price-Crash.pdf

I ran the numbers they provided... if you use the closing price on Friday, you'd be looking at oil in the teens-20s range by May to June.

Granted the market has already dropped a lot before this announcement, if you used a price of 54 / bbl, you're in the 20ish range / bbl.

The above would assume that OPEC and Russia maintain a "no deal" situation for a few months.

I have a July CL 25 put on now.

claym711 said:

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3k contracts sitting on the ask. 33 on the bid. That's enormous for AH

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Eesh

Futures likely halted until open. Will be interesting to see where the indicative open gets priced.

claym711 said:

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Futures likely halted until open. Will be interesting to see where the indicative open gets priced.

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Should open -7%, pause, then who knows.

Not putting a dime back in until SPY closes below 200 or above 300

Futures re-opened, few points above the halt at 2819. Can't go below there tonight.

Talon2DSO said:

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oldarmy1 said:

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Stock pile cash. Sell, or at least rent, your children and build your cash war chest.

You're about to have a life-changing opportunity available once a generation, if that. Exciting!

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I wish. I'm trading using an account I've rolled into a 401k from previous employment. I put about 90% in diverse ETFs (rather, my wife did) and I've been given about 5k to trade as a learning tool. I have about $700 in "dry powder"

Anyone want to see what they can do with $700??

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Buy DIG at open and sell around lunch. Then buy DUG after lunch and sell at close. Do the exact opposite on Tuesday.

moses1084ever said:

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If anyone interested, the world bank published a paper on the last 4 oil price shocks:
http://pubdocs.worldbank.org/en/40441444853733469/CMO-April-2015-Feature-Oil-Price-Crash.pdf

I ran the numbers they provided... if you use the closing price on Friday, you'd be looking at oil in the teens-20s range by May to June.

Granted the market has already dropped a lot before this announcement, if you used a price of 54 / bbl, you're in the 20ish range / bbl.

The above would assume that OPEC and Russia maintain a "no deal" situation for a few months.

I have a July CL 25 put on now.

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It may hit 25 by the morning. In the 27.xx now

the bid ask spread on CL options is insane right now

Closed my put at 2.69. Up a buck

tremble said:

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Man, this is nuts. If I have some discretionary income to spend right now, zero expenses, etc should I be saving and just dumping into vanguard taxable accounts? I've already maxed my Roth IRA and my TSP account.

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Right now, I'd say yes.

I invested a huge chunk of my current market value (about half) back in January, near all-time high territory. (Stupid me, but that's when my CD matured and a bunch of cash freed up.)

So now I'm just scrambling to bring down my cost basis as much as possible while I can. The farther it falls, the more I dump in.

Don't have to worry about the bottom if you just keep buying. Unless you're going to need this money within the next couple of years, think of this as a firesale.

Fed increases Repo for 2 weeks

SPY down $22, almost 8%.

El Chupacabra said:

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SPY down $22, almost 8%.

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The market is going to open with a 15 minute halt

IrishTxAggie said:

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El Chupacabra said:

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SPY down $22, almost 8%.

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The market is going to open with a 15 minute halt

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Looks like it. And another 15 minute halt shortly after it reopens. Not sure if we'll hit the 20% breaker.