Coronavirus Stock Market buy off.

[PatsFan1283]

His way wouldnt work so well either.

The Fed (which he hates with a passion)was created because the Austrian stuff kept causing panics

That's a bit much to get into but at the very least the fed should be more on autopilot so our economy wasn't such a slave to these debt laden boom/bust cycles. The medicine is just creating addiction if you will.

I doubt 100 years after the fed was created and the economy was in a far more established, mature place that we would have the same issues we had then either.


You can't even walk into a bank and get a return for a deposit and you think this is optimal? Gimme a break.

 

[SmallDaddy]

The original creators of the Fed are not to blame.

Guarantee you if showed them today's version, they would be like 'that is not what we created.... this is madness'

 

[snoop]

Senate Votes:

Nay: 47
Yay: 47

The bears will go for a kill tomorrow.

 

[PatsFan1283]

That's all big government/central planning bro....It is well meaning at first (atleast to some of its boosters, others just want control) and then the limitations of what it can do show up down the line as measures get more and more drastic.

The original creators of the Fed couldn't figure out that sound fundamentals would be usurped by political expediency and short-termism?

I know man, that shit shocks the fuck outta me too. Who could see it coming?

 

[SheriffJoe]

The original creators of the Fed are not to blame.

Guarantee you if showed them today's version, they would be like 'that is not what we created.... this is madness'

Oh, that's cute.

Typical liberal, government institutions should be judged on their "good intentions" rather than their effectiveness. It's like saying socialism works, it's just never been implemented properly.

Just tell us the Fed is a complete disaster and should be abolished, and I may hold out a kernel of hope for you.

 

[Ricboff]

from a healthcare forum, NOT GOOD. He's in Florida

RV, parked at Walmart is starting to look like a good Plan C

.....................................



I received an email last Friday at 5:25 from the FDA telling us to shut down until May 8. Only emergency treatment allowed. That is a major business killer for me so I am researching a loan to keep my 5 employees by paying them at least part time. They can apply for partial unemployment if they want.
I also researched what is considered emergency and..................

 

[SmallDaddy]

today's version is crap.

They used to be independent, nowadays they are not

(dont worry, it started before Trump)

 

[PatsFan1283]

today's version is crap.

They used to be independent, nowadays they are not

(dont worry, it started before Trump)

It is a non-elected government agency that has mandates to control the price of money and the money supply. Any "independence" was always going to have a short shelf life.

You are basically making the argument it would work with "better people", who? Humans are flawed and will seek short-term gratification. That is a problem in and of itself but putting that much power into a governing body is going to exacerbate it. Once you stop having recessions and start can kicking, that is a monetary roach motel you can never leave.

 

[Cheddar]

So seriously Pats, what are you doing with your money? I haven't looked at my portfolio in 3 weeks

 

[snoop]

Repub is pushing for midnight vote., they're trying to wrap up the deal before the market opens tomorrow.

 

[Ricboff]

futures market is a loon zone. Oil went from -10% to -5% in less than 5 minutes .....haha

 

[PatsFan1283]

So seriously Pats, what are you doing with your money? I haven't looked at my portfolio in 3 weeks

I hate to give generic advice but everyone risk profile is different. I think most people should dollar cost average in with new funds, it might take awhile for the strategy to pay off but it is pretty much all you can do. If you're sick of getting killed, can possibly take some off the table or put it into less risky investments.

I use vanguard consumer staple/utility ETF's and those have gotten killed as well.

It is up in the air what type of recovery we'll have right now. Will it be V-shaped or not? Most people seem to think it will be, I'm not so sure. I could see this having ramifications for years to come.

I wish I had more conviction with advice, but this is uncharted territory.

 

[PatsFan1283]

futures market is a loon zone. Oil went from -10% to -5% in less than 5 minutes .....haha

Nikkei went from -11% to -6% in like 5 minutes too.

 

[Michelangelo]

Repub is pushing for midnight vote., they're trying to wrap up the deal before the market opens tomorrow.

The deal will not save the market.

The only chance we have is for people to get back to work. That means saving small businesses.

But the new problem is that the consumer is now spooked. He (she) not going to be out there freely spending money like they were two weeks ago. The bureaucratic shutdowns have screwed the pooch. Fuck corona. The economy and the ramifications of shutdowns were always visible if you just looked under the puff to blanket, and under the blanket to the sheet, and undef the sheet to the mattress, and under the mattress to the rug, and under the rug to the floor, and under the floor to the basement, and under the basement to the dirt that we are all going to be buried in.

Can you tell that I'm pissed. Big Government is NEVER the solution. It is the problem. And that has never been more evident than right now. Fuck.

 

[SmallDaddy]

Its not about people working not working for Wall Street anymore

Its about CDS going bad. Liquidity crunch. Likely lack of trust between counter parties

First one to exit the burning building will do Ok, the rest.... who knows

They can smell the winds changing about their bailouts this time.

(oh they will get it eventually)

 

[PatsFan1283]

Its not about people working not working for Wall Street anymore

Its about CDS going bad. Liquidity crunch. Likely lack of trust between counter parties

First one to exit the burning building will do Ok, the rest.... who knows

They can smell the winds changing about their bailouts this time.

(oh they will get it eventually)

Is this a haku?

 

[StevieRay]

The deal will not save the market.

The only chance we have is for people to get back to work. That means saving small businesses.

But the new problem is that the consumer is now spooked. He (she) not going to be out there freely spending money like they were two weeks ago. The bureaucratic shutdowns have screwed the pooch. Fuck corona. The economy and the ramifications of shutdowns were always visible if you just looked under the puff to blanket, and under the blanket to the sheet, and undef the sheet to the mattress, and under the mattress to the rug, and under the rug to the floor, and under the floor to the basement, and under the basement to the dirt that we are all going to be buried in.

Can you tell that I'm pissed. Big Government is NEVER the solution. It is the problem. And that has never been more evident than right now. Fuck.

And get back to work soon

 

[TheFalls]

until people quit talking about averaging in or calling bottoms or saying it always comes baCK...this mkt will continue to sink.
only then...when panic truly sets in will this come back...and probably mostly E/NE. there is zero V coming your way. we are not there yet. lots of complacency still.
this week see some big pops followed by bigger dips. i'm trying to trade it...but options are out of the question since they have been ridiculously priced for a minute...so I'm using leveraged ETFs to over-cover my longs until weak hands are out. if for some reason this week ends up for QE, stack your shorts for a 2 mth time frame. will be nasty.

 

[SmallDaddy]

Is this a haku?

I dont know what haku is but I AM ROLLING BABY!!!!

 

[PatsFan1283]

until people quit talking about averaging in or calling bottoms or saying it always comes baCK...this mkt will continue to sink.
only then...when panic truly sets in will this come back...and probably mostly E/NE. there is zero V coming your way. we are not there yet. lots of complacency still.
this week see some big pops followed by bigger dips. i'm trying to trade it...but options are out of the question since they have been ridiculously priced for a minute...so I'm using leveraged ETFs to over-cover my longs until weak hands are out. if for some reason this week ends up for QE, stack your shorts for a 2 mth time frame. will be nasty.

Yeah, pretty much agree as far as the phrases we all know and love, psychology and all that. That's why I wouldn't advise shoving a lump sum or "buying the dip" as has been preached, "be greedy when others are fearful", all that jazz CNBC tells you all day.

Just taking funds you normally put in and not deviating from that strategy is fine to me though. Basic dollar cost averaging.

What leverage ETF are you using? I kinda wanna gamble on a bounce for oil sooner than later, that stuff is getting priced like it won't exist in 5 years now basically. But I'll probably stick to S&P long/short stuff.