US Stock Futures Lock Limit Down ( 5%)
Again Tonite.
Gold holding up so far ( edited chart for cleaner look)
Odds are we will get to the “target ” in the morning
a 50% retrace of the 11 year Bull….in 3 weeks !
Not this target was first proposed by Sir Chuck.
The New York Stock Exchange is going all-electronic on Monday, marking the first time that the centuries-old exchange will operate in regular hours without its legion of trusted flesh-and-blood floor traders.
“It’s unprecedented, it’s never happened before,” said one NYSE official who declined to be identified because they weren’t authorized to publicly talk about the exchange’s operations. “Our markets have never been open while our trading floor’s not open.”
James Angel, professor at Georgetown University and an expert in market structure, told MarketWatch on Sunday that the stakes for the NYSE are “very high.”
To put things into perspective, the NYSE traces its origins back to May 16, 1792, and in 1817 the New York Stock Exchange Board was formed. And over those past 228 years, the NYSE has never operated without a group of traders functioning as the anchor to the U.S.’s biggest trading platform by market share. The NYSE has shut on a number of other occasions, most recently in 2012 during superstorm Sandy.
“In previous closures, the entire market was closed,” said Angel. “This will be the first time the NYSE classic will be operating purely electronic,” he said.
“The stakes are very high because the NYSE has always been in the crosshairs of the media and the slightest misstep they make will be seen by millions of people,” the Georgetown professor explained.
We live in Interesting Times Indeed
This whole thing kind of eerily reminds me of 911. Same kind of feel to it.
But we got over that and will this.
Here is a link to some very good analysis:
https://www.accuweather.com/en/health-wellness/coronavirus-expert-says-the-virus-will-burn-itself-out-in-about-6-months/679415
Some Experts Predict Coronavirus Could ‘Burn Out’ By Summer, But That Doesn’t Mean It Will Be Gone For Good
Scientists aren’t sure what the endgame is for the coronavirus, but looking at previous outbreaks can offer hints. Many think that, like the swine flu, it will end up in the seasonal circulation of flus that come back every year. Meanwhile, though most cases are mild, there are common themes for those patients who are becoming critically ill. Experts also explain how the virus is transferring, what you should do if you have symptoms, and more.
THATS A GREAT ARTICLE
Never though to look at the Weather Channel for positive articles ….thanks Steins1
The March 2020 candle will go down in history.. … REDRUM REDRUM REDRUM
Whats lock limit?
Commonly associated with the futures market, a lock limit occurs when the contract price of a commodity instrument moves beyond its allowable limit. When this occurs, trading stops for the day beyond that price. Limits can be limit up or limit down
Hot knife…meet butter!