Member Info for Darth.Trader

CoronavirusToday 14:18
Officials on the US West Coast have reported three unexplained coronavirus cases, raising concerns the virus could be spreading within the community

"This new case indicates that there is evidence of community transmission but the extent is still not clear,
This is not a good sign, only on Friday did WHO raise this to its highest level but this latest news is a potential game changer.

Officials on the US West Coast have reported three unexplained coronavirus cases, raising concerns the virus could be spreading within the community

"This new case indicates that there is evidence of community transmission but the extent is still not clear,
This is not a good sign, only in Friday did WHO raised this to its highest level but this latest news is a potential game changer.

…..raises coronavirus threat assessment, now says virus poses a ‘very high’ risk at a global level.

More downside @ the opening bell Monday.. and if there are more and more countries infected then is suppose the next level is Pandemic. We don't even know if we have a "Typhoid Mary" situation whereby certain individuals just spread the virus without showing any symptom's…
very serious situation this as global trade, production, supply & demand, service sectors etc, everything will fall, suffer.
Traders moving in to Gov'ment Bonds...
This is just the start, we are way past the 10% correction line...

Stock futures pointed to more pain ahead for markets Friday to cap off a brutal trading week, as the deadly coronavirus rocked sentiment around the world.
Here were the main pre-market moves, as of 7:10 a.m. ET:
S&P 500 futures (ES=F): 2,928.50, down 28.50 points or 0.96%
Dow futures (YM=F): 25,286, down 266 points or 1.04%
Nasdaq futures (NQ=F): 8,306.25, down 76.50 points or 0.91%
Crude oil (CL=F): $45.80 per barrel, down $1.29 or 2.74%
Gold (GC=F): $1,630.80 per ounce, down $11.70 or 0.71%

We have been conditioned as investors for the last 10 years to buy the dip continuously; However this is as different animal now....

Gold drop off - because fear had gone personal.

lets see if a real "stress test" will do the job.
every year we get figures regarding how sick days have affected the economy, something tells me the next set of figures will make the great recession look like a bump in the road...

I agree Wids, although I suspect 2020 was always going to be the year to end the 11yr Bull Run..

VIX 45.53+17.97 +65.20%..

This is not looking like a correction anymore, more downside to come. LLOY all time low 16pennies, before RI & POO (Old monies0...

with the markets clearly falling, i can see the SP heading sub 0.01pennies...
this is not looking like a correction to me..

VIX 33.33 +5.77 (+20.94%)….
ukx.l fall gather pace...

who said it would be a crisis? it would be a bearish signal.

we shall see..
some history..
https://www.zerohedge.com/news/2019-05-23/could-china-dump-its-us-treasuries-contrarian-view-emerges-beijing

the talks will break down, it will be a No Deal.

The VIX is rising this is not over and wont be for sometime. UKX.L will go lower, lots of bull traps on the way down.

11yr US bull run, the biggest in market history, is coming to an end.

China may well dump US treasury holdings if the trade war persists..

A closely watched measure of ‘fear’ in financial markets has risen sharply in the last few days, as investors panic about the potential economic impact of novel coronavirus.
The VIX (^VIX) index in Chicago has risen over 50% since Friday. The index, compiled by the Chicago Board Options Exchange (CBOE), is colloquially known as the ‘fear index’ because it acts as a proxy for investor expectations of falling prices.
The index measures expectations of future volatility for the S&P 500 (^GSPC) stock market in the US. The VIX is based on the price of options contracts, which investors use as insurance against potential future losses.
The VIX climbed above 25 for the first time since April 2019 on Monday and passed 30 on Tuesday — the highest close since December 2018. It remained elevated on Wednesday, at 25.12.
The spike is down to the spread of coronavirus across Europe. A major outbreak in Italy began over the weekend and 14 European countries have now recorded at least one case of the virus, officially known as COVID-19.
The outbreak has stoked fears that the epidemic could be upgraded to a pandemic. Investors have concerns that efforts to contain the outbreak — such as travel bans, cancelled events, and calls for people to stay at home — will hobble corporate earnings and hit global economic growth.
The spike in the VIX corresponded with plummeting stock markets around the world. Over £100bn ($130bn) has been wiped off the value of the FTSE 100 (^FTSE) since the start of the week, while $1.7tn of notional value has been lost on the S&P 500.
Neil Wilson, chief market analyst at Markets.com, said the VIX worsened the stocks rout.
“A VIX spike like this always makes the selling worse as trading strategies and algos are programmed to sell hard into such moves in the 'fear gauge',” he said.
The elevated VIX level suggests investors think the sell-off has longer to run, even as losses moderated in Europe on Wednesday and US markets opened higher.
Wilson said the VIX at 18 would a signal investor fear had receded to normal levels.

tried to contact these guys via the email early in the week.... as yet I've had no reply.

on a rolling basis - ROFLMAO?
anyways come the 28th, next Friday, we'll know and if no payment is forthcoming then i'm sure the SP will fall and test 0.01.

Will it hold or will it be breached....?

..RRTL SALE UPDATE
Star Phoenix (AIM: STA), an international company with oil and gas projects and oilfield service businesses in Trinidad and Indonesia, advises that it has signed an agreement with LandOcean Energy Services Co., Ltd ("LandOcean") in relation to the US$1 million cash consideration (the "Payment") by LandOcean, pursuant to the sale of Range Resources Trinidad Limited. The parties have agreed an extension to the Payment on a rolling basis, subject to late fees of 8% interest per annum, calculated daily from 12 February 2020 until the date the Payment (and any accrued interest) is received by the Company.

..before the end of the month. should the SP not make some headway prior to the 28th and no monies are forthcoming on the 28th then the SP will breach 0.01pennies.
Beware The Ides of March.

..still no information on the this investor.