NOT a conspiracist...really...BUT these friggin' sell programs
have to be forced liquidations. Every bounce gets hammered in to
with TICKs locked on -1400+ like past few minutes. Hour after
hour like clockwork...and Preferred stocks and CEFs being pounded
on even worse than during financial crises -- 50-80%+
discounts...$25 preferred at less than $4-5? C'mon....
Anybody hearing anything that justifies this bs? Venting...yes. But
you guys have been around and I trust your opinions....so thanks in
advance.
Probably over the next couple of weeks/months we will read about
firms that had MBS and over leveraged, The fed buying bonds
and backstopping has created significant losses to mortgage firms
that sell puts as insurance against the originated mortgages (I
might not be 100% accurate on this but there is something going on
in that space that has created significant margin calls from what I
have read).
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DAX made it down to
Posted by highroller on 2nd of Apr 2020 at 01:07 pm
DAX made it down to major support, cannot rule it out for USA .
NOT a conspiracist...really...BUT these friggin'
Posted by profmel on 2nd of Apr 2020 at 01:18 pm
NOT a conspiracist...really...BUT these friggin' sell programs have to be forced liquidations. Every bounce gets hammered in to with TICKs locked on -1400+ like past few minutes. Hour after hour like clockwork...and Preferred stocks and CEFs being pounded on even worse than during financial crises -- 50-80%+ discounts...$25 preferred at less than $4-5? C'mon.... Anybody hearing anything that justifies this bs? Venting...yes. But you guys have been around and I trust your opinions....so thanks in advance.
Probably over the next couple
Posted by ssaffer on 2nd of Apr 2020 at 01:22 pm
Probably over the next couple of weeks/months we will read about firms that had MBS and over leveraged, The fed buying bonds and backstopping has created significant losses to mortgage firms that sell puts as insurance against the originated mortgages (I might not be 100% accurate on this but there is something going on in that space that has created significant margin calls from what I have read).