Member Info for Bluelight

Already crashed? US is still at near record highs. They aren't factoring in CVD impact at all, they've got a long way to fall, halve at least. UK less to fall but you're still looking at thousands of points to fall off the FTSE in a recession event which is imminent. people have short memories. Look at indices in the last recession as a guide.

The FED and OPEC have fired their bullets now, so that's the temporary market supports out of the way. The true market crash they've been trying to stave off will occur now. General markets that is, no view company specific.

Its bouncing on OPEC cutting production by 1.5m bbl, 'dependant on Russia agreeing'. Another panicing institute. Expect oil to sell off again later.

Yep, its followed the same pattern every week for the last 3 weeks. trend it down until wed, usually 100 support, then trend it all the way back up again. Nice easy trend channel to trade for the day traders

Oh what a surprise, we hit the 100 level at the same point as last week, now for the rally back up to the top of the range at 170, yawn.

And here's the market fall I predicted noggers. US now down 2.1% and falling

Quick one from the guardian, rest is up to you, GL
https://www.theguardian.com/environment/2020/mar/01/dramatic-fall-in-china-pollution-levels-partly-related-to-coronavirus

I'm at work mate, not really got the time to be doing research to find them. Just put it in google. I'm sure BBC did an article on it last week, try searching there as a first look

That's not me saying I think Tullow will fall peeps, I think it's a heavily undervalued company. What I do assert is that oil is not near the bottom yet due to economic slowdown, and that will temper any sustained gains. It's one to tuck away, but wouldn't be counting on Fed or OPEC driven gains to last

Take a look at the pollution maps from chinese factories this time last year and now, then assess if they are manufacturing again... Most analysis is available freely on google.

Because it wont stop the root cause. If it was just an economic slowdown like a normal recession, yes IR cuts would help to stabilise markets. IR cuts in this case have no impact on the root problem, i.e. Spread of a global pandemic. It's like putting a plaster on a severed arm, it does nothing. Markets will usually bounce on news then tank as they realise that a) we are in a recession we just didnt know it, and b) the virus is more a problem for global growth that was thought

Problem is we are in a recession. China's basically closed its factories, Europe's getting worse by the day, airlines cancelling flights etc, people aren't travelling. Global oil demand is going to be much lower than expected, and that's not good fundamentally for oil prices.

The crash is my interpretation of the impact. To me it signals the US is panicing and knows a global recession is here. But it's not the right move to combat a health driven collapse. All it does is signal the seriousness to me. maybe I will be wrong, but I thing a crash is incoming, and I think highly likely this afternoon

Its all over the news noggers, breaking news

They need to sort their FDA out and get testing kits and cures asap. Otherwise doesn't matter what the IR rate is, as their economy will be battered.

They've just sh@t the bed. Shows just how bad this is going to get. Given the rates are now only 1% they've got very little room for manouver now. Expect the markets to crash on the back of this. It just emphasises a recession is imminent.

Well the US has just done an emergency rate cut of 0.5% to reduce the impact of coronavirus. Can't help thinking they'd be better placed putting their emphasis on testing and cures...

If that's the case then it makes FDA approval even more meaningless. If it takes 2yrs to approve anything, why would any other country care one hoot about it as a reference to sourcing their own CVD kits? The US may well be happy to let an outbreak take hold in the US over a number of years, but Im sure every other nation will be banging down NCYT and others doors to get the kits asap. Again I say FDA approval is literally meaningless in a pandemic situation.

Because it's the market leader gold standard Earth, with well established distribution channels as I'm sure you well know

I would argue that regardless of an FDA stamp, every country in the world will already want it! This will ultimately be shown in the sales numbers, but I can't believe for one second any country would not be ringing NCYT up to try to get hold of something.