When will they close the markets?

[frugal.rock]

How is it scaremongering when one global exchange has already been closed and there are CNBC anchors on twitter begging for it?

I'm not advocating for it, I'm just suggesting people think about it from a risk perspective.

THE MARKET CLOSES EVERY TRADING DAY AT 4PM

If your not advocating it, why the media style title?... it's not WHEN.
'When' is insinuating that it's going to happen or likely to.

Titles like that are inflammatory by nature. Media is full this sort of shite, and it is scaremongering.
Do you read every thread, story, article etc after reading a headline?

This is the sort of crap that is rife in society these days, trying to sensationalise headlines, apparently without putting enough or any thought behind about potential consequences/ risk factors behind the headline.
IE; Muppets starting up rumours about that there going to close the markets.

ASIC have told the insto's they have to reduce their high frequency trading volume by 25%*....let's not panic because,

THE MARKET CLOSES EVERY TRADING DAY AT 4PM

This is the sort of topic we should drink 10 beers and then discuss...

F.Rick

 

[InsvestoBoy]

'When' is insinuating that it's going to happen or likely to.

That is the whole point of the thread, literally the second sentence of the first post.

It might be time to start thinking about "when will they close the markets", because I am starting to think the probability of this is rising rapidly.

This is the sort of topic we should drink 10 beers and then discuss...

I don't drink with idiots.

 

[UMike]

They pretty much will have to, short term free, deferred interest and payment, otherwise every marginal business will close and that would mean thousands of bankruptcies, unemployment will skyrocket.

This is gonna weedout the Mum and Dad businesses/franchises That pay high rent or fees.
Might also eliminate my Cash only competitors.

Don't see the Govt helping unless they can force Landlords or Franchisors to accept temporary kinder terms.

 

[sptrawler]

This is gonna weedout the Mum and Dad businesses/franchises That pay high rent or fees.
Might also eliminate my Cash only competitors.

Don't see the Govt helping unless they can force Landlords or Franchisors to accept temporary kinder terms.

I can't see how the Government can help every business, other than tax relief, the Landlords and shopping mall owners generally aren't very benevolent, so businesses are going to find it tough IMO.
Like you said it is going to weed out the hand to mouth businesses.

 

[InsvestoBoy]

I can't see how the Government can help every business, other than tax relief, the Landlords and shopping mall owners generally aren't very benevolent, so businesses are going to find it tough IMO.
Like you said it is going to weed out the hand to mouth businesses.

In Italy and France, all mortgage payments, rent, bills, etc are suspended.

 

[So_Cynical]

In Italy and France, all mortgage payments, rent, bills, etc are suspended.

Even if this requires some legislation here it won't be hard to do, emergency measure that expires in 2021 sometime, the opposition won't oppose it, not in this climate.

 

[sptrawler]

In Italy and France, all mortgage payments, rent, bills, etc are suspended.

Found the article, cheers, good pickup investoBoy.

https://www.smh.com.au/world/europe...-control-covid-19-crisis-20200317-p54ar8.html
From the article:
Macron also suspended taxes for businesses, and rent and utility bills for small businesses.
This is certainly going to deflate the World, post GFC, asset bubble.

 

[MovingAverage]

there are CNBC anchors on twitter begging for it?

Think I'll pass on listening to what CNBC anchors say

 

[InsvestoBoy]

Think I'll pass on listening to what CNBC anchors say

Wake up.

It might make you feel superior or or smarter or whatever to say you ignore what a media mouthpiece says, but that feeling is wrong.

Listen to everything, form your own opinion and action from a multitude of sources.

Do you think the wolf says "think I'll pass on listening to the bleating of the sheep"?

 

[moXJO]

Wake up.

It might make you feel superior or or smarter or whatever to say you ignore what a media mouthpiece says, but that feeling is wrong.

Listen to everything, form your own opinion and action from a multitude of sources.

Do you think the wolf says "think I'll pass on listening to the bleating of the sheep"?

The original sentiment was not to have all your money tied up in your portfolio in case- wasn't it?

I like to keep a mix in case. I'm only investing what I can lose at the moment. Closing markets can make things worse. Plus I don't really care from an Investment standpoint. RL it will be scary.

 

[InsvestoBoy]

The original sentiment was not to have all your money tied up in your portfolio in case- wasn't it?

The original sentiment was to try and think about your situation and evaluate your assumptions. Maybe you have a portfolio. Maybe you trade systems that rely on being able to exit the market. Maybe you trade options that you want to be able to exercise or exit. Maybe you trade oil futures on leverage under the assumption you'll never need to deliver or get called to expect a delivery.

 

[MovingAverage]

Wake up.

I appreciate the tip...I really do. But I’ll be sticking to my opinion that CNBC are a bunch of muppets—always were and always will be. I’m sure ignoring them will be at my peril but that is a risk I’ll happily take

 

[InsvestoBoy]

I appreciate the tip...I really do. But I’ll be sticking to my opinion that CNBC are a bunch of muppets—always were and always will be. I’m sure ignoring them will be at my peril but that is a risk I’ll happily take

Nobody is disputing they are muppets.

Is this really that hard to grasp?

If CNBC anchors are on Twitter begging for the markets to be closed, they are a mouthpiece for someone saying that to people in power.

Come on.

 

[MovingAverage]

Nobody is disputing they are muppets.

Is this really that hard to grasp?

If CNBC anchors are on Twitter begging for the markets to be closed, they are a mouthpiece for someone saying that to people in power.

Come on.

on a serious note...it’s not hard to grasp and I think everyone realises how serious the current events are. But my objection to CNBC and other such media outlets is that they thrive on over the top sensationalism that is only designed to whip up a frenzy and create hysteria. I ask...what good comes of media muppets pushing for markets to be shut? I’m not going to argue whether markets should be shut or not, but the media should be a lot more measured in what they are saying

 

[InsvestoBoy]

Did anyone listen to MacroVoices this week?

Both guests, Jim Bianco and Kevin Muir were mentioning the crazy dysfunction in the US ETF markets this week with TLT, BND and other funds trading at massive discounts to NAV.

this table captures some of those massive dislocations


Perhaps it's not clear from those small % numbers just how huge a dislocation and liquidity gap there must be for these funds to trade at these discounts.

Closing the market was discussed in-depth by Jim Bianco.

Worth a listen for the thoughtful, but I do suggest @frugal.rock doesn't bother with the scaremongering and @MovingAverage stick head further in the sand.

 

[MovingAverage]

Worth a listen for the thoughtful, but I do suggest @frugal.rock doesn't bother with the scaremongering and @MovingAverage stick head further in the sand.

You still upset with me because I called out CNBC for being a bunch of muppets? come on dude, don't take it personally because I actually do like a lot of your posts. If ignoring CNBC and other such trashy news outlets is in your book "sticking my head in the sand", then please point me to the nearest beach.

 

[InsvestoBoy]

You still upset with me because I called out CNBC for being a bunch of muppets? come on dude, don't take it personally because I actually do like a lot of your posts. If ignoring CNBC and other such trashy news outlets is in your book "sticking my head in the sand", then please point me to the nearest beach.

I'm not upset with you, I just think it's idiotic to ignore people who have influence in society because of their platform.

 

[Knobby22]

on a serious note...it’s not hard to grasp and I think everyone realises how serious the current events are. But my objection to CNBC and other such media outlets is that they thrive on over the top sensationalism that is only designed to whip up a frenzy and create hysteria. I ask...what good comes of media muppets pushing for markets to be shut? I’m not going to argue whether markets should be shut or not, but the media should be a lot more measured in what they are saying

I know. Some major news outlets were saying the virus was pretty harmless and Trump was doing a great job, all while the Republican senators were selling their holdings.

Everyone who believed in this shite and are down thousands of dollars should remember that.

 

[MovingAverage]

I'm not upset with you, I just think it's idiotic to ignore people who have influence in society because of their platform.

Couldn't agree me, but I have very little, if any, respect for mainstream media. What passes off these days for journalism is a complete joke. Anyway, I digress onto one of my pet hates. On a serious note, people who have influence in society shouldn't be ignored, but I try to apply my BS filter to such people because they are in many cases trying to advance a particular agenda which may well not always be in the greater interest of the general public. Take celebrities for example (or indeed political parties), they have immense influence and an amazing platform but celebrities often use that to promote their own personal options. Anyway, I take your point and I'm serious when I say it does pay to listen to such people, but in many cases it also pays to ignore such people.

 

[MovingAverage]

I know. Some major news outlets were saying the virus was pretty harmless and Trump was doing a great job, all while the Republican senators were selling their holdings.

Everyone who believed in this shite and are down thousands of dollars should remember that.

You'll get no argument from me. This is why I think the media players have been completely irresponsible and reckless even those media outlets at the other extreme end of the reporting spectrum claiming the world will end.