stock market crash

[BABABlackSheep]

If you're not into TA, there's always another way to measure the sentiment. Bad news. The responses on here are evident of that. Conversely look at the 'good news' stories for the tech companies right now, contrarian alarm bells



From Reuters in February 8th, 2009

Lloyds investors fear dark hole for Black Horse - price action was up 200% 12 months later.


This is Money, November 2011

Lloyds Banking Group in turmoil as Nathan Bostock backs out - price action was up 270% 24 months later.


Today:

Thousands of Britons living in EU told their UK bank accounts will be closed

So the reported bad news is the Thousands of LBG bank accounts due to close due to leaving the EU?

That’s 13,000 Bank accounts !!!!

If that was current accounts, that’s approx 0.06% of bank accounts..if it includes savings accounts, then that’s 0.03% of accounts.

Unless those accounts are in the name of Bezos, Gates, Arnault, Buffett, Ellison, Ortega, I’m pretty sure they aren’t a factor.

[Old Greg]

So the reported bad news is the Thousands of LBG bank accounts due to close due to leaving the EU?

That’s 13,000 Bank accounts !!!!

If that was current accounts, that’s approx 0.06% of bank accounts..if it includes savings accounts, then that’s 0.03% of accounts.

Unless those accounts are in the name of Bezos, Gates, Arnault, Buffett, Ellison, Ortega, I’m pretty sure they aren’t a factor.

Pooper is worried that Lloyds is going to demand back his main investment vehicle.

[TheGreenBastard]

I wonder at what point "technical" "traders" accept fundamentals matter.

Some claim the (global) market collapse in March wasn't due to a global pandemic.

What if a meteorite hit earth and reset everything to zero? Is it zero because of a fundamental (meteorite destroying everything)? Let's assume yes. So somewhere between global pandemics and utter obliteration fundamentals matter.

[Old Greg]

I wonder at what point "technical" "traders" accept fundamentals matter.

Some claim the (global) market collapse in March wasn't due to a global pandemic.

What if a meteorite hit earth and reset everything to zero? Is it zero because of a fundamental (meteorite destroying everything)? Let's assume yes. So somewhere between global pandemics and utter obliteration fundamentals matter.

It's like the most fundamentalist of Marxists who see socialism as inevitable, and that nuclear Armageddon would just be a setback.

[_V_]

Might have to wait until next week before my order goes through.

Let the market come to you, isn't that what they say?

You placing orders by telegram?

[Whorty]

You placing orders by telegram?

[TheGreenBastard]

You placing orders by telegram?

He's timing the market.

[_V_]

He's timing the market.

Day Trader.

[Whorty]

He's timing the market.

Nah, he never times the market. That's why his Put has no end date

The broker will just hold it open for him until he's in profit, then he's allowed to close it at no extra premium cost

[scooterscot]

What if a meteorite hit earth and reset everything to zero?

In a way that has happened hasn't it? Pandemic, many many people lost their jobs, future prospects are bleak, debt to our eyeballs - did we reset to zero? No - in fact some stocks have had their best year ever.