Big big money lost there.CA just cancelled a pro tennis tourney that nets 450,000 fans annually. Economy is losing lots of sources of revenue...
Big big money lost there.CA just cancelled a pro tennis tourney that nets 450,000 fans annually. Economy is losing lots of sources of revenue...
Ill still be going to the A's games.No need for an epidemic for the A’s to play in an empty stadium in Oakland!
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This.
But damn, its a ****ing bloodbath today...the likes of which i havent seen since ‘08.
Im not buying anything yet, btw-I truly feel the market bottom is lower. Much lower.
Mamma to the rescue.
Statement Regarding Repurchase Operations - FEDERAL RESERVE BANK of NEW YORK
The Open Market Trading Desk (the Desk) at the Federal Reserve Bank of New York has updated the current monthly schedule of repurchase agreement (repo) operations.
Beginning with today’s operation and through March 12, 2020, the Desk will increase the amount offered in daily overnight repo operations from at least $100 billion to at least $150 billion. In addition, the Desk will increase the amount offered in the two-week term repo operations on Tuesday, March 10, 2020 and Thursday, March 12, 2020 from at least $20 billion to at least $45 billion.
Consistent with the FOMC directive to the Desk, these adjustments are intended to ensure that the supply of reserves remains ample and to mitigate the risk of money market pressures that could adversely affect policy implementation. They should help support smooth functioning of funding markets as market participants implement business resiliency plans in response to the coronavirus. The Desk will continue to adjust repo operations as needed to foster efficient and effective policy implementation consistent with the FOMC directive.
Detailed information on the schedule and parameters of term and overnight repo operations are provided on the Repurchase Agreement Operational Details page. The Desk will release the next monthly repo operation schedule for the March 13, 2020 to April 13, 2020 period on Thursday, March 12, 2020 around 3:00 PM ET.
Hope you got in on OILD.OILD, WTI
Tread carefully on these two:
OILU, GUSH
Hope you got in on OILD.
View attachment 1627373
Damn. Im gonna play some OilU
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OILD, WTI
Tread carefully on these two:
OILU, GUSH
This may turn out to be the best time in our lives to purchase a New car.
Say goodbye to Dealer markups and say hello to deep discounts.
This may turn out to be the best time in our lives to purchase a New car.
Say goodbye to Dealer markups and say hello to deep discounts.
Yep.I'm starting to think you're right. Never underestimate the stupidity of the average person. Here is PA at the supermarket hand sanitizer is sold out, toilet paper almost sold out. Paper towels, bleach, cleaning supply shelves all empty. People are panicking.
Thats why im waiting to pull the trigger on more....this isnt the bottom.Hard to see a strong move up until Covid-19 results shake out.