Youtube & Twitter will be under the same umbrella sooner or later imho (prob. sooner given the sub $30 bargain price).
Cramer says the money given to Chinese would do more to stimulate Chimese economy than buying stocks. Of course, it would also do a number on US bonds I suppose.
I hope a major dollar selloff doesn't happen, since I am an American. Seemingly few places to preserve wealth these days. What is your opinion of gold & silver Marenkov?
Marenkov, do you deny that there is significant foreign liquidation of US bonds, notes, bills & equities in the last several days? This would explain the dollar decline and the flat TLT, plus a significant amount of the equity selling.
Merenkov, I think you are underestimating the impact of foreign selling of bills, notes, bonds. See the dollar today? Right now, the Dow is down over 600 (again) yet TLT is barely positive---doesn't this concern you?
True--I was able to sell a nice boatload of puts for massive profits by putting in limit orders.
Also, the weakness of the dollar hints at bond & stock liquidation by foreigners.
The Chinese continue to sell, because they must. Cramer suggested this might be happening. They have large profits in the portion of their holdings in 10 yr+, but of course most of their holdings are in bills. I believe the Europeans are selling also. "When times are tough, money comes home". And you are right---any hint of a new QE will add to selling pressure.
Question---wasn't the bond rally pretty feeble given the large size of the plunge in equities? Is this a tell in poker terms?
Bought a few calls on the Friday lows. Deeply oversold. Due for a partial sharp retracement rally.
If Monday closes down big, Tuesday will be up bigger. Could see a 700 point rally.
If China does something big to ease monetary policy, rally could be as much as 600 on Dow (Mond. + Tuesd.). But that may be it.
Just a short but sharp "dead cat" bounce, maybe up 300-400. Be sure to sell by Tuesday be4 close, as selling may resume Wed. or Thurs.