Told you boys to sell the after hours pop.Futures giving back half the gains already from 8 pm close (5 pm PST).Smart traders cashed out.Pelosi wants Trump out and she knows no deal will help her goal.Nasdaq on 3 month chart wants to test 10,700.People are scared of Biden's tax increases, he will destroy the bubble.

I’m looking for brokerages to continue adjusting margin requirements in order to influence directionality. I’m curious how a “Morgan Stanley”—brand new owner of E*TRADE— did on a day like today. Hah For those that don’t know, brokerages across the board decided to raise margin requirement from 25% to 30% today—a seemingly insignificant increase but, indisputably, the seed of today’s volatility— in an official attempt to ‘mitigate election related volatility.’ Oh, the irony! The SEC is worthless. This won’t be the last time your brokerage account uses margin adjustments to enrich it’s trading desk. Take it from me..6 years with a prime broker before heading on to GREENER pastures. While I appreciate the telegraphed sell-off, I can’t help but raise a brow..

Let’s play a game.... how long will the Ponzi scheme futures last? I’d say 3AM east time 🤡🤣😂

Like I said, sell off into close. Chart don't lie

Rich MillerMon, October 19, 2020, 12:50 PM EDT(Bloomberg) -- The Federal Reserve and other central banks will eventually discover that breaking up isn’t easy after partnering with their governments and the financial markets to avert a pandemic-driven depression.Investors and lawmakers enamored with cheap money may well balk when monetary authorities try to throttle back their quantitative easing and other stimulus measures.“They are increasingly on what I call a no-exit paradigm,” Allianz SE chief economic adviser and Bloomberg Opinion columnist Mohamed El-Erian said on a panel discussion last week.The problem isn’t pressing -- – and in fact is probably one central bankers would be glad to have if it meant their economies were strong.Instead, faced with slowing global growth and resurgent infections, the focus of policy makers at last week’s all-virtual International Monetary Fund and World Bank meetings was on more support for the world economy, not less. Central banks are pulling out the stops to do all they can, boosting financial markets with massive asset purchases and pushing government borrowing costs to record lows.Fed Chairman Jerome Powell has repeatedly pressed for more aid to support to the economy until it’s clearly out of the woods. “The recovery will be stronger and move faster if monetary policy and fiscal policy continue to work side by side,” he told business economists on Oct. 6.Read more: Powell Warns of Weak Recovery Without Enough Government AidThe trouble may start after a virus vaccine is approved and distributed and the U.S. and world economies begin to return to normal. If the Fed and other central banks are constrained from scaling back emergency stimulus at that point, the continued flood of liquidity could spur asset bubbles and even too-rapid inflation.Rebecca Patterson, director of investment research at Bridgewater Associates, said she saw some merit to arguments that the U.S. ultimately will see faster inflation because of continued aggressive fiscal stimulus. “It’s something investors really haven’t had to think about for the last few decades,” she told an Oct. 13 Council on Foreign Relations briefing. “Whether we get it or not, preparing for that risk scenario is pretty important.”Patterson said that economic policy has entered a new paradigm, with independent central banks and governments working closely together to fight the pandemic. Monetary policy makers are buying up government bonds while fiscal policy practitioners are issuing more of them to finance mammoth budget deficits. “Fiscal has become the dominant driver,” Patterson said.The relationship between the central banks and their governments is “sort of a honeymoon situation because their interests are aligned,” former European Central Bank chief economist Peter Praet.“There is no inflation, so the central banks ask the fiscal authority to spend more to support aggregate demand,” Praet said on an Oct. 15 panel discussion hosted by the Institute of International Finance. “But when their interests start to diverge, that’s a very delicate moment.”Former Fed Governor Randall Kroszner agreed. The big debts that governments are racking up are “going to make it difficult for central banks to raise rates when they feel the need to do so” because that will increase borrowing costs, he said on the same panel as Praet.The Fed will also find it politically hard to trim its huge balance sheet after Congress effectively authorized an increase by allocating money to the Treasury to set up emergency lending facilities with the U.S. central bank, said Kroszner, now a University of Chicago professor.The debt deluge may have other consequences. The Treasury market is now so large that that it may not be able to function smoothly on its own during times of stress, according to Fed Vice Chair for Supervision Randal Quarles.He told a virtual discussion organized by the Hoover Institution on Oct. 14 that it was an “open question” whether the Fed would have to keep buying Treasuries to aid the working of the market. The central bank is currently purchasing about $80 billion of Treasuries a month.Quarles clarified those remarks the next day, telling the IIF that he didn’t mean to suggest that he saw a need for a permanent Fed backstop of the Treasury market.Former Fed Chair Janet Yellen said she expects the Fed to provide more guidance on its plans for future asset purchases. But the aim of the buying would be to hold down interest rates, not fund the federal government.“It is not their objective ever to directly try to help the federal government finance its budget deficit,” Yellen said in a Bloomberg TV interview Monday. “That would be a very dangerous kind of support to provide.”Central bank leaders from Europe, Japan and the U.K. stressed the importance of maintaining the independence of their institutions at a virtual international banking seminar on Sunday.“We have to steer clear of what wo

IBM reports third straight quarter of revenue declines

I'm aggressively short. call me Danny Devito.

after hours is trading look like I well sell what I bought at the close at the open for a 3% gain cheers

October 19th strikes again

I like what I see after hours already in a nice profit with my buy at the close Not much has changedSpy 343.12 +1.01 (0.29%)After hours: 4:33PM EDT

I am Back and just bought back at the close Nas is at 11470, what a buy that is, remember I sold all my longs when the Nas was at 11830, then bought back 4 days ago at 11570 & sold for a 100 point gain same day, this has been a stella months drinks on me you know what make that 2 drinks cheers-------------------------------------------------------------whatamarket 4 days ago$SPY conversationJust sold what I bought at the open for a 100 point gain on the nas , I am done for the day unless markets drop more, bought when the Nas was down -205 sold when it was down -94. enjoy the rest of the day I know I will drinks on me CheersReplyReplies (8)87

"not seeing any specific news for move lower" lets see 1. 100% run up in 6 months 2. increasing unemployment 3. no stimulus 4. increase covid cases 5. more layoffs thru winter

A lot of downward pressure. Even the buy the dip crowd can't prop it.

Man the lifeboats.

From WSJ:“Boeing’s production cuts have sent shockwaves through the aviation industry, forcing suppliers to lay off thousands of employees. Tool Gauge reconfigured its operations just after opening a new facility in Tacoma, Wash., designed to manufacture Boeing parts. Photo: Joel Winter for The Wall Street Journal“https://www.wsj.com/video/boeing-production-cuts-force-suppliers-to-lay-off-staff-rethink-future/8D1BD65E-AA0F-4896-AF79-6D77650EEC7D.html?mod=hp_lista_pos1

double top, sell off is coming. big money fixing to move around before the election.

Question.....What are the positives or potential positives going forward??What are the negatives or potential negatives going forward??Higher individual and corporate taxes, more lockdowns, higher un-employment, no tourism revenue, small business's closure......

https://www.marketwatch.com/articles/news-updates-51603116200?mod=mw_latestnews

What time today will the negative turn around occur?

Yellen , again "There is too much savings in the World".........ahhhhh. No, Dr. Toad THERE IS TOO MUCH DEBT.!!