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I'm in and still in. Kinda wild ride :0)
I believe we need to see market capitulation in the oil price where everyone and anyone is throwing their shares out the window in complete mayhem and panic with oil… Blood in the streets. People need to think that the world is going to end and that oil is not needed because it's way over stocked in inventory at which point the price will plummet to new Lows to a price point that no one has seen on the horizon or even fathomed about. and and that would be the time to get out of DW and into UW. enjoy the ride my friends
Oy makes since. Thanks for the light. Trade well my friend.
A little interest here today. No news (is good news)?
New here. Been watching this stock since $65. Is now a good time to get in for the long term?
If as CNBC says that 35% of oil drillers are on high risk of bankruptcy does that mean if they go bankrupt that they will stop drilling oil? And that will cut down on the supply? Any impact?
Looks like all talk and no cuts. Got to work through the merk for a while. Why would the rest of the world want to help us by cutting? Oops.
Looks like all talk and no cuts. Got to work through the merk for a while. Why would the rest of the world want to help us by cutting?
OK well that is encouraging news. I am new to this stock and board, like I said I wish I bought the other day when it was offered at 0001
Tried to email company/ customer relations. Link down. Not working. No response. Just saying
I can feel the power
I know this guy who used to work at a brokerage firm. He Used to buy blocks of stock for all his customers. He would typically buy the same size lot for each customer. Many times it was a specific dollar amount that equated to an odd lot block of stocks, someone could be doing the same in this case. I think it is easier to buy one large block and then just split it in your back office but… what do I know
Oops. Oil overload in my mind.
So. Do we go into the big D
Don't believe the hype. They will give us this way that way news to confuse us
Dow bounces sharply on report that OPEC ready to cut output
Fred Imbert | @foimbert
1 Min Ago
CNBC.com
ETF Trade: Tough day for financials
The ETF Trade: Tough day for financials
Pisani: 52-week lows for most regional banks
Cramer: I've been hideously negative!
U.S. equities fell sharply Thursday as investors digested a massive global sell-off and oil prices fell further.
The Dow Jones industrial average briefly fell 400 points in afternoon trading, as Boeing and Goldman Sachs weighed the most on the blue chips index.
"I think you're in a situation where the market is in deeply oversold levels. ... At some point, it's got to bounce," said Adam Sarhan, CEO of Sarhan Capital. "But make no mistake about it, the overall trend is down."
Read MoreIs the US economy running out of gas?
The S&P 500 dropped nearly 2 percent, as financial fell about 3 percent. The financial sector was on track for its first five-day losing streak since August. At session lows, S&P briefly broke below its Jan. 20 intraday low of 1,812.29 when it hit 1,810.01.
"There's a chance we break below the 1,800 level, and then the next level to watch is 1,775," said Peter Cardillo, chief market economist at First Standard Financial. "I think we could see a bounce there. Otherwise, we're in trouble."
The Nasdaq composite fell 1 percent, as biotechnology stocks and several technology stocks fell. The index was also less than percent away of entering bear market territory on an intraday basis.
"I think there's just tremendous wealth destruction going on," said Randy Warren, chief investment officer at Warren Financial Service. "Unless sovereign wealth funds are done selling, we're not going to see a respite."
Read More Traders: No rate hike until at least 2018
Overseas markets fell sharply on Thursday, as Chinese H shares falling about 5 percent, while the pan-European STOXX 600 closed 3.68 percent as banks in the region plunged On Wednesday, European banks soared, momentarily halting a massive plunge.
"Investors have become increasingly concerned with [economic growth]," said Kate Warne, investment strategist at Edward Jones. "This represents an opportunity for investors looking past the short-term volatility. We didn't get any news suggesting the global economy is slowing down."
European markets were also surprised by the Swedish central bank cutting rates further into negative territory.
"I'll say this again, the arbitrary desire on the part of the Fed, ECB, BoJ, BoE, Riksbank, and SNB for 2% inflation has truly wrecked havoc on the global economy and has lit major financial instability," Peter Boockvar, chief market analyst at The Lindsey Group said.
The sell-off in global equities sent traditional safe havens surging.
Gold futures for April delivery settled $53.20 to trade at $1,247.80, while U.S. 10-year note yields traded at 1.61 percent. The benchmark note yield also went below 1.55 percent momentarily.
‹
Europe tanks on global growth fears
A floorhand works on an oil rig in the Bakken shale formation outside Watford City, North Dakota.
OPEC members ready to cooperate on cut: WSJ
Bond traders at CME Group
Treasury yields hold lower after auction
Dollar slides vs yen on deepening global worries
›
"The central banks have lost control of the situation," said Peter Cardillo, chief market economist at First Standard Financial. "If this continues, there's real trouble ahead."
Investors also kept an eye on falling oil prices, as WTI futures hit their lowest levels since 2003.
In afternoon trading, U.S. crude was $1.03 lower, or 3.7 percent, at $26.42 a barrel.
"If oil can rally, that could lead to a relief rally on Wall Street," Sarhan said.
Read MoreHere's where there's still value in stocks
WTI prices have fallen sharply but have experienced several volatile sessions.
"As of yesterday, oil has moved 5 percent 24 of the 26 trading days this year," said Art Hogan, chief market strategist at Wunderlich Securities. "That doesn't happen. ... That is more than we would see in an average year."
On the data front, U.S. weekly jobless claims came in at 269,000, below estimates. However, "we're ignoring the fact that there's good news," Hogan said.
U.S. futures fell sharply on Thursday, with Dow futures briefly falling more than 300 points. On Wednesday, stocks failed to hold a rally that lasted most of the session, as the Dow and S&P both closed lower.
"Yesterday we had the perfect setup for a constructive day," Hogan said. "And it all collapsed on us. Oil fell and everyone fell with it."
"Volatility is going to be the norm, not the exception."
Read MoreThese stocks are FANG's best friends
The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 29, after briefly hitting its highest level since Jan. 20.
"I think we need to see tangible evidence that the fundamentals are improving," said Mark Luschini, chief investment strategist at Janney Montgomery Scott.
The dollar fell 0.4 percent against a basket of currencies Thursday, and has dropped more than 3 percent in 2016.
"The dollar has turned into a trade of disbelief in the efficacy of central bank policy," said Guy LeBas, chief fixed income strategist at Janney Montgomery Scott.
Read MoreIf US dollar retreats, this is your best play
Fed Chair Janet Yellen testified in front of Congress for the second day, and said: "There is always some chance of recession in any year."
"But the evidence suggests that expansions don't die of old age."
On Wednesday, she said that, if the U.S. economy were to disappoint, the Fed would have to reconsider its rate hike path.
Symbol
Name
Price
Change
%Change
DJIA Dow Jones Industrial Average 15660.66 -254.08 -1.60%
S&P 500 S&P 500 Index 1828.00 -23.86 -1.29%
NASDAQ Nasdaq Composite Index 4254.63 -28.96 -0.68%
The Dow Jones industrial average traded 370 points lower, or 2.3 percent, at 15,578, with Boeing leading decliners and Cisco Systems and Walt Disney the only advancers.
The S&P 500 dropped 36 points, or 1.9 percent, to trade at 1,815, with financials leading all sectors lower.
The Nasdaq plunged 55 points, or 1.3 percent, to trade at 4,228.
Decliners were about five steps ahead of advancers on the New York Stock Exchange, with an exchange volume of 661 million and a composite volume of 3.057 billion as of 1:56 p.m. ET.
On tap this week:
Thursday
Earnings: CBS, KKR, FireEye, AIG, Activision Blizzard
Friday
Earnings: Red Robin Gourmet Burgers, Calpine, Buckeye Partners, Interpublic, Ventas, Brookfield Asset Management
8:30 a.m.: Retail sales; import prices
10 a.m.: Consumer sentiment; business inventories; New York Fed President William Dudley speaks on household debt and credit
*Planner subject to change.
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That's what I call PLUNGE protection
Theoretical question… If crude dropped 33 1/3% in one day, would you UWTI go to zero?
I like this Kinda action
Dumb question but is this reason to buy when it's offered at 0001?
People usually trade Ahead of the news. When you hear of some resolution, the tides would have normally already changed. So it's always trading on anticipation of news. Hard to get it exact.
I was only kidding. :(
Warren bu*fet?
Lol
The oil market will be stronger: Analyst http://www.cnbc.com/id/103374594
Looks like we are around the year 2003 price levels here
Maybe 1.41 is a massive short cover bid
Wicked volume
The news is talking about troubled oil prices throughout 2016, we are only in February…
Yields on Japan's benchmark 10-year government bond hit zero for the first time, as investors clamor for safe-haven assets in the wake of a global market rout
The yield on the 10-year Japan government bond (JGB) recovered to 0.007 percent after touching zero on Tuesday. The fall came on the heels of a global stock market sell-off overnight that likely spurred safe haven flows back into Japan. Bond prices move inversely to yields.
Yields on Japan's benchmark 10-year government bond hit zero for the first time, as investors clamor for safe-haven assets in the wake of a global market rout
The yield on the 10-year Japan government bond (JGB) recovered to 0.007 percent after touching zero on Tuesday. The fall came on the heels of a global stock market sell-off overnight that likely spurred safe haven flows back into Japan. Bond prices move inversely to yields.
The market is melting get out now!!
Erbb is flying high in a down market… Got a love it
Do we pass 350 ? Any data out today 8:30?
Saw more than average news on mj in general over this past weekend. Just saying.
Agree. They will never give all details and truth. Worlds greatest poker match.
I use the KITCO app to get a quick snapshot of pm's oil and market data. Just saying.
1.2 mill avg daily volume.
Why traders are betting on a big bounce for the metals
Alex Rosenberg | @CNBCAlex
2 Hours Ago
CNBC.com
Metals will go lower: Pro
Metals will go lower: Pro
Will the Fed hike in 2016?
The worst stock market indicators
The metals are getting more precious.
Gold and silver hit multimonth highs Thursday, as industrial metal copper rose to the highest level since the beginning of the year. This as the dollar continued to lose value against other major currencies.
Notably, it is a move that is strongly counter to the trend seen over the past few years, whereby metals prices have fallen mightily as the dollar has soared.
"We're seeing a massive short-covering rally right now, that's all it is," commented David Seaburg, head of equity sales trading at Cowen and Co., in a Thursday "Trading Nation" interview.
Read MoreThe surprising new case for gold
"You're going to have an opportunity here, maybe for the next month or two, to make some money here near term on the upside" for metals, and to the downside for the dollar.
Still, Seaburg warned that given the macroeconomic environment, "it is a structural short still; you lay them back out, they're going to go a lot lower."
However, Larry McDonald of Societe Generale sees the same trade as potentially having more room to run.
It is because the market is starting to price in less tightening from the Federal Reserve that "you're seeing a major reversal in gold miners and commodities," McDonald said Thursday on "Trading Nation." This because the dollar's rise has largely been driven by expectations the Fed would raise rates even as other central banks' policies were still in stimulus mode.
"We're probably in the mid-to-early innings of this game right now," the macro strategist said.
Want to be part of the Trading Nation? If you'd like to call into our live Monday show, email your name, number and question to TradingNation@cnbc.com.
Old news, but bullish
CNBC
Why traders are betting on a big bounce for the metals
Alex Rosenberg | @CNBCAlex
2 Hours Ago
CNBC.com
Metals will go lower: Pro
Metals will go lower: Pro
Will the Fed hike in 2016?
The worst stock market indicators
The metals are getting more precious.
Gold and silver hit multimonth highs Thursday, as industrial metal copper rose to the highest level since the beginning of the year. This as the dollar continued to lose value against other major currencies.
Notably, it is a move that is strongly counter to the trend seen over the past few years, whereby metals prices have fallen mightily as the dollar has soared.
"We're seeing a massive short-covering rally right now, that's all it is," commented David Seaburg, head of equity sales trading at Cowen and Co., in a Thursday "Trading Nation" interview.
Read MoreThe surprising new case for gold
"You're going to have an opportunity here, maybe for the next month or two, to make some money here near term on the upside" for metals, and to the downside for the dollar.
Still, Seaburg warned that given the macroeconomic environment, "it is a structural short still; you lay them back out, they're going to go a lot lower."
However, Larry McDonald of Societe Generale sees the same trade as potentially having more room to run.
It is because the market is starting to price in less tightening from the Federal Reserve that "you're seeing a major reversal in gold miners and commodities," McDonald said Thursday on "Trading Nation." This because the dollar's rise has largely been driven by expectations the Fed would raise rates even as other central banks' policies were still in stimulus mode.
"We're probably in the mid-to-early innings of this game right now," the macro strategist said.
Want to be part of the Trading Nation? If you'd like to call into our live Monday show, email your name, number and question to TradingNation@cnbc.com.