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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: stsimon who wrote (153042)2/5/2020 2:43:07 PM
From: TobagoJack  Read Replies (1) | Respond to of 218018
 
India bears watching
670 suspect and only 3 confirmed, and neither number fidgets
Either the 2019nCoV does not mesh w/ India DNA, or does not like the tropics, or
Something not yet clear

No clarion call to do general surging short rampage, yet



To: stsimon who wrote (153042)2/5/2020 3:38:25 PM
From: TobagoJack1 Recommendation

Recommended By
bull_dozer

  Read Replies (1) | Respond to of 218018
 
Had originally shorted TSLA Feb 21st ‘20 Call strike 1,000 @ ~59
Close this day @ ~9, and
Re-shorted at @ 14.5

Should the beast bounce tomorrow, prepared to short more

The TSLA beast turning tail, the earlier shorters also bleeding

The conditions in the arena is perfect

At this rate, should TSLA get back to <500, prepared to take option lottery winnings and exchange for either free TSLA shares and/or free gold

We like vertical markets, up and down

Back to sleep



To: stsimon who wrote (153042)3/24/2020 4:18:35 AM
From: TobagoJack  Read Replies (3) | Respond to of 218018
 
Re <<India has claimed only 3. Odd>>

Looks like mystery resolved, that Team India likely was not lying but flying blind

Message 32537543



We ought to have shorted when it was still early to panic, when panicking would have done the most to help

zerohedge.com

"Biggest Lockdown In World History" – India Paralyzed As COVID-19 Crisis Unfolds

Indian stocks crashed on Monday, suffering their worst single-day loss on record, as domestic and foreign investors were absolutely terrified that a nationwide lockdown triggered by a COVID-19 outbreak could crash the economy.

The NIFTY 50 is the flagship index on the National Stock Exchange of India, plummeted 12.98% to a near four-year low of 7,610.25 on Monday.



The Indian rupee hit a record low of over 76 against the dollar and puts pressure on the Narendra Modi government and the Reserve Bank of India (RBI) to ramp up emergency response efforts to protect a crashing currency and economy.



Modi's " Make-in-India" program, an attempt to revive the economy and diversify its manufacturing sector away from automobiles to bolster its aerospace and defense sectors, has miserably failed.

The economy has come to a screeching halt as residents in 75 districts across the country, including in major cities, such as the capital New Delhi, Mumbai, and Bangalore have been forced into mandatory quarantine by the government until March 31.



India is the second-largest country in the world, and has reported only 467 cases and ten deaths.

The lack of test kits has made it virtually impossible for the Ministry of Health and Family Welfare to detect community spreading of the virus. As test kits come online, India could be staring at a pandemic.

Actions by the government already suggest the virus crisis is getting worse. In the last day, India launched the world's most extensive social distancing lockdown of 1.3 billion people to flatten the pandemic curve to slow down the infection rate.

Flight bans and the cancellation of all passenger trains in the country is another attempt to limit the spread. The country's hospital system is poorly equipped and doesn't have enough hospital beds and ICU-level treatments to handle a massive influx of virus patients.

"This is the biggest lockdown in world history," said Raghu Raman, a former soldier with the Indian Army and founder of the National Intelligence Grid, an umbrella database aimed at countering terrorism.

"This strategic pause gives decision-makers more time to arrest the exponential spread of the virus and evaluate tradeoffs."

Foreign investors aren't sticking around to see if the virus crisis will abate in the near term – they're currently dumping Indian assets at an unprecedented pace.



Oxford Economics estimates India's January-April growth forecast to be around 3%, a level not seen since the global financial crisis.

Bloomberg Economics says that the Indian government needs to spend at least 1% of GDP, or about $30 billion, to respond to the virus outbreak.

India's manufacturing hubs have ground to a halt as companies have been forced to shutter operations for virus containment purposes. Maruti Suzuki India Ltd., Tata Motors Ltd., Toyota Kirloskar Motor, Hero MotoCorp., Samsung Electronics Co. and LG Electronics Inc., Mahindra Group, TVS Motor Co., Kia Motors Corp., Renault Nissan Automotive India Private Ltd., and Yamaha Motor India are some of the large multinationals that have recently suspended operations.

The government's principal economic adviser Sanjeev Sanyal warned that "waves of default" of corporate debt could be imminent. There's a record 5.9 trillion rupees of corporate debt maturing this year.

Finance Minister Nirmala Sitharaman said last week that the government would announce a relief package for companies in the near term. The RBI is expected to slash interest rates and inject 1 trillion rupees into the economy on April 3.

We noted back in December that India's economy was " in a very deep crisis," which was a month before the world figured out about a virus outbreak in Wuhan, China.

It was only earlier this month that India organized a rescue plan for the nation's fourth-largest private bank as a long-running crisis among shadow lenders threatened to spill over into the banking system.

With a nationwide lockdown underway, India's economy could be on the brink of a significant downturn that would be absolutely devastating for the Modi government.