Coronavirus Stock Market buy off.

[snoop]

Jay Powell engineered the crash in the fall of 2018. He was a rookie on the job. His mid-cycle adjustment and QE winding down on pilot mode spook everyone. By the time he re-opened liquidity tap, market rallied backup.

He now in standby mode and willing to pump as much $ into the system as needed. The stock market is more concerning about future demand slump - possibly we'll be looking at recession later this year.

 

[PatsFan1283]

Started going back up April '09 so the losses were getting smaller and smaller pretty quickly

Tech bust March '00 to Dec '02 was longer, obviously 9/11 playing a huge role.

Institutions know the fed will come to the rescue and use all ammo, retail investors figure if the ebb and flow of market has it continually increasing then party on. We saw that today.

 

[Ricboff]

Started going back up April '09 so the losses were getting smaller and smaller pretty quickly

Tech bust March '00 to Dec '02 was longer, obviously 9/11 playing a huge role.

Institutions know the fed will come to the rescue and use all ammo, retail investors figure if the ebb and flow of market has it continually increasing then party on. We saw that today.

huh? It took the SPY 5 yrs to get back to level. For owners of the SPY i dont think they felt that was a quick recovery , lol. With that said, investors were adding as disposable income came available, so less than 5 yrs.

 

[Ricboff]

Jay Powell engineered the crash in the fall of 2018. He was a rookie on the job. His mid-cycle adjustment and QE winding down on pilot mode spook everyone. By the time he re-opened liquidity tap, market rallied backup.

He now in standby mode and willing to pump as much $ into the system as needed. The stock market is more concerning about future demand slump - possibly we'll be looking at recession later this year.

china and europe r a disaster, hoping this virus doesnt hang around in N America for long, we shall see. Japan said they should be in the clear by late April

 

[PatsFan1283]

huh? It took the SPY 5 yrs to get back to level. For owners of the SPY i dont think they felt that was a quick recovery , lol. With that said, investors were adding as disposable income came available, so less than 5 yrs.

Yes, the recovery started shortly after bust. It wasn't a multi-year protracted downturn is all I'm saying. And I do think that relates to modern investor psychology (obviously until it doesn't once real fear sets in)

 

[DoublePlayBall]

"real fear" LOL

 

[Mobdeeper7239]

Never say never they tell me all the time cus never means it’s forever, but it’s never crossed my mind. And I, never go broke I promise ima shine. Never come short on my issue, I’m on it every time. And I, never be passive, you better give me mine-it’s my money, and I want it, every mother fucking dime.

I never disrespect my momma, I never disrespect her momma neither. I never turn my back on Jesus. I’ll never get caught off in the system cus I’m a believer...that man that follows man, ain’t a man....and I’m a leader

 

[REDEYE]

Never say never they tell me all the time cus never means it’s forever, but it’s never crossed my mind. And I, never go broke I promise ima shine. Never come short on my issue, I’m on it every time. And I, never be passive, you better give me mine-it’s my money, and I want it, every mother fucking dime.

I never disrespect my momma, I never disrespect her momma neither. I never turn my back on Jesus. I’ll never get caught off in the system cus I’m a believer...that man that follows man, ain’t a man....and I’m a leader

can you keep the ghetto talk out of at least one thread ?

 

[snoop]

Here are a few recaps after listening to Pence & the crew:

- Possibly payroll tax reduction to zero for both employees/employers - est $1.2T for remaining of the year, effectively after the election. Looks like a NO go to me. The Dem would be fighting tooth & nail to stop it. If somehow Trump managed to pass it - they might just call the election earlier for Trump. That would save every voter a trip to the poll, potentially getting infected from the virus.

- Sick leave due to coronavrius is 'protected' by the Federal Law.

- Private insurances/Medicare waive co-pays/deductible/out of pocket expense...etc for covid-19 testing.

- Subsidizing for distress industries (no specific name mentioned) so I'm guessing they could be referring to airlines/shale oil. Subsidize would be in the form of tax defer. For the record, most shale producers are losing $ for years, they're already carrying NOLs - lots of it on their books, so this is as useless as it gets. No Treasury 'capital injection' for businesses as some traders were hoping for.

Future is back in the RED.

 

[Seymour]

can you keep the ghetto talk out of at least one thread ?

The fucken retarted whigger and his ghetto shit - like anyone gives a fuck - dude listens to ghetto rap and thinks what they're telling him is real life - used to think he was below average - I made a mistake - he's just real real low IQ

 

[snoop]

china and europe r a disaster, hoping this virus doesnt hang around in N America for long, we shall see. Japan said they should be in the clear by late April

China/S-Korea/Japan is still imposing travel restriction.

Italy is on a full lock-down mode.

All soccer games are either cancelled/or playing behind close door across Europe.

They might be cancelling EURO 2020 in the summer.

US outbreak is just getting started - we will see #s to rise in coming weeks. Listened to Pence and crew yesterday, I still get the sense of complacency. Some states in the US have only a several hundred testing kits. The US private sector is being more pro-active since the outbreak. They banned all international travel, switching all meetings/conferences online, asking employees to work from home...etc.

It will take time for everyone to adjust to new way of life.

 

[Michelangelo]

Dow just broke support.

NASDAQ about to test it.

 

[Jstack34]

I never stated that the 18% drop was due to mom/pop investors. I stated they are running for the hills. What their portfolio balance is today is nowhere near what it was 8 months ago, it is lower. It's an across the board wipeout of capital, you know that. I have access to a lot of information you won't read or hear about. I won't make any kind of statement without due diligence. BUY BUY BUY Best in Class.

Any recommendations on what to buy?

 

[Michelangelo]

DOW, NASDAQ, and S&P all broke down. Look out.

 

[Seymour]

I would assume the markets are going to go lower - I know they're anticpiating - but this virus is just begining here and has a couple of months before it really peaks - but it will be gone and everything is coming back plus interest within 18 months of the corona virus being a memory

 

[PatsFan1283]

Don't think TA matters much, all that really matters is when will the gov't step in and backstop this. They already have and will do more, if the market didn't think they would, it would be significantly lower right now.

Same dynamic as Dec '18

 

[PatsFan1283]

First it was cruises/airlines, then oil, now casinos/gaming started to take the hit today. Asians not traveling pretty much the worst thing that could happen to them.

 

[NorthernStar]

I think everyone that keeps buying thinking they have been getting stocks cheap is making a mistake.

Look at it this way:

I am totally ok with missing out on a 5-10% increase sitting on the sidelines.

The reason being that I think right now there is a higher probability of there being a larger downside. I thought this when it started to hit the fan and I continue to believe there is going to be more fallout as the virus continues to spread.

Additionally I thought the market was too high and that a correction was not out of the possibility at all. Now we are seeing that correction plus some additional correction.

There is money to be made but I think it will be a safer opportunity down the road.

 

[michael777]

Dem's won and we all lost,this fake virus has ruined the Country and economy,no coming back. Congrats Lib's(MOB) you won,you have scared everyone into Socialism,so sad.Now most will look to the Government to protect them,they of course are wrong,but it does not matter,there is no coming back from this.The scum Left was determined to bring down Donald,they found a way,I hate it,but I am a realist,this IS the end of the USA as we know it,glad I am old and it does not affect me much.God Bless all you young guy's,you are in for a much tougher life than you should be,you can blame the Liberals for this,they will control every aspect of your life,just saying the facts,so sad

 

[Ricboff]

take it easy michael, life's too short