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28 COMMENTS

  5. Good stuff Nate! Great commentary in the room this week! Takeaway: No rush to find the bottom! Cheaper is not always cheap. Watch your size in this market! Watching for the PR giving away free chocolate to coronavirus patients ?

  7. thank you nate, it's great to hear your perspective on this week! these few weeks have offered some great learning opportunity, one day it'll be put to good use. can't wait to join IU

  8. Great re cap Nate. After the first virus scare on Friday in Feb. China pumped money in the system the market bounced back to ATH. The second pullback I thought we would get a Trump or fed pump and it would bounce back again BUT the reaction to the rate cut a couple weeks ago made me realize this is more serious now. The bullets that always have worked for the last 5 years no longer worked. In Dec 2018 the bottom was put in once the fed stopped deleveraging and increased liquidity. Loan growth had stopped then but the fed reversed that. I think with the perfect storm this time we might need to see something never tried before to get the bulls back in control. $500 billion and .5% cut is no joke … that's serious stimulus but it didn't work…..yet.

    This time also reminds me of early 2016 when oil and the market crashed. The oil nations with big sovereign wealth funds then had to sell US equities to cover their expenses and generate USD. I think that is happening now. Once they liquidate I think the market will stabilize. Corona virus is no joke given its effect on travel entertainment tourism, conferences, etc. Combined that with the oil crash and massive leverage and we have the makings of a 40% plus correction. I didn't think the virus was that big of a deal 4 weeks ago but do now. Its alot like the spanish flu in 1918.

  15. Trying to learn swing trading as I have traditionally been a momo gap trader. But need to add swing to my toolbox, having difficulty learning what to look for…so different than what I’m used to.

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