Investment BS Thread - Stocks/Futures/Mutual Funds/Bonds/Commodities/Options/ETFs/401ks/Etc

Maybe I should go borrow some low interest money to buy more stock

 

Que the margin discussion earlier LOL!!!

 

Just buy some scratchoffs

 

Stock Futures Were Halted Sunday Night. Here’s When S&P 500 Circuit Breakers Kick In on Monday.

https://www.barrons.com/articles/is...-kick-in-51583717721?siteid=yhoof2&yptr=yahoo

 

As the wild swings on Wall Street continue, here are the levels to watch for further trading curbs when U.S. markets open Monday.
Level One Breach
A 7% decline in the S&P 500 from the prior day’s close would trigger a level one breach, where trading is halted for 15 minutes.
That level for regular trading on Monday is 2764.30, a 208 point drop from Friday’s close of 2972.37.
If that level is reached at or after 3:25 p.m. ET, it would not halt marketwide trading.
Sunday night, futures on the S&P 500 tumbled as low as 2818.75, triggering a trading curb because the threshold for premarket and after-hours trading is lower than during the regular session.
Level Two
The next threshold is 13%. A decline in the S&P 500 by that much would similarly result in a 15-minute halt.
To trigger a level-two circuit breaker Monday, the index would have to drop 386 points to 2585.96. Trading wouldn’t be interrupted if the drop came at or after 3:25 p.m.
Level Three
It takes a 20% drop in the S&P 500 to trigger a level-three circuit breaker. If this happens at any point in the trading day, marketwide trading is halted for the remainder of the day.
To hit level three on Monday, the S&P 500 would need to fall 594 points to 2,377.90.
Single Stocks
A different rule covers single stocks, for which the Securities and Exchange Commission has price bands set by tier (Tier One covers members of the S&P 500, Russell 1000 and some exchange-traded products, while Tier Two covers other securities) and by price. Those levels can be found here.
Write to Lisa Beilfuss at lisa.beilfuss@barrons.com

I wonder if they will have to hit the level 3 circuit breaker

 

Black Monday

 

It depends on how many people got the message. I expect a bounce at some point some people have just been waiting for a dip to buy

 

Im putting my money to work in the morning, buying silver. Gold is already up so much I think silver would be better. I want to short the market but I'm scared of the Fed stepping in at the wrong time and messing everything up. They're good at that

 

lots of pessimism in here it seems

 

Well futures are about to hit the limit switch again. Market going to have a fire sale tomorrow

 

I’m pretty optimistic. Im positioned to capitalize on the calamity that is about to unfold. This thing has along ways down to go and just like 08 will leave people wondering WTF just happened

 

that sounds exciting!

 

bears get stuck in hibernation for so long they all get ravenous at the first sign of a sell off

 

Looks like the bears are winning in the futures. It's been pinned at the limit for almost 4 hours. You can trade up off the limit just not below it

 

Thanks for that. Not sure what 15 minutes is gonna do. I'm gonna buy some TVIX, DWT and DGAZ and let em ride. Should have not sold on Friday afternoon, I'd be rich at market open by now.

 

what do you think about spxu ?

 

And you can trade up in the futures they're just not going to let it get below 2,819

 

Damnit I need to learn how to options trade!!! Just too big of a pussy to try it now!!

 

INO is going nuts. I bought in at $9. I might drop another $1k into it after it opens and then try and sell for a quick couple hundred bucks.

Or lose a bunch. Who knows. ¯\_(ツ)_/¯

 

Get the circuit breakers ready!!!