Coronavirus Stock Market buy off.

[TheFalls]

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.

ya...nothing should have ever closed and we would have taken a population hit as a nation losing...at the end of the day...probably .3% of our pop. so minus whatever we normally lose for every reason, would have broke even.
I would have had family at risk if we went that route...but that's ok because you are looking at a nation crumbling in real time.

now if this bitch had a legit 10% death rate across the age spectrum...then a shut down would have made sense.

so at the end of the day...we are heading towards end times and you can't really fight the decisions that are being made.

 

[PatsFan1283]

Really don't see how we avoid this either way. If you roll dice, then people get it, hospitals get overwhelmed, others stop consuming/shopping, etc and we're basically here anyway. Just takes a little bit longer.

I think it is just hard for Americans to wrap their heads around the fact that some danger is out of our control, it is a scary thing. Especially since we've been bulletproof for so long.

Not everything has a solution or answer that isn't extremely difficult.

 

[TheFalls]

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.

oh I'm overall long buying tech stuff and gold and tips, but near breakeven the last month being up SDOW, and SJB (risk parity is dead). I was in Europe for a couple of weeks on holiday when shit started to htf.

 

[michael777]

US stock futures plunge, trigger limit down trading halt, after Senate fails to agree on $1.6 trillion stimulus package............Thanks you FUCKING RAT BASTARD DEMOCRATS

 

[snoop]

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.

Don't lose hope, there are lot of smart people working around the clock to come up with the treatment for this illness. The market volatility is with us until the vaccine is avail.

I might put some $ to work tomorrow, some financial names (PFG/DFS/WFC) are attractive now than they were 2 weeks ago, it's even better if they drop a little more. Small businesses/workers bailout is basically a backdoor bailout for banks. I'm trying to think outside the box.

 

[SmallDaddy]

only SPY for me.

I am literally the world worst stock picker. If i pick it, I will mush it

worse than Brock Landers' rubberband plays

 

[Ricboff]

yupper. So unprepared, DESPITE witnessing what was happening . Unfuckni' real.

S Korea had no shutdown, neither Taiwan and they are like 110 miles from China. Their schools r open.

Trump is a businessman, ill be fuckin shocked if this is extended.

https://www.cbc.ca/news/business/taiwan-covid-19-lessons-1.5505031


[h=1]Inside Taiwan during COVID-19: How the country kept schools and businesses open throughout pandemic[/h]

 

[Ricboff]

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.

v-shaped? most people think that? wow, a massive dose of recency bias. 70% of gdp is consumer consumption. Better get folks back to work, aint no one going on any vacations soon, buying new cars. This is a different animal than 2018, no jobs were in peril , planes were flying, disney world was open

 

[Ricboff]

[h=1]N.Y. Will Start Using Trial Drugs on Tuesday to Treat Patients[/h]New York state will begin using trial drugs Tuesday to combat the rise in coronavirus cases, Governor Andrew Cuomo announced Sunday. The state has secured 70,000 doses of hydroxychloroquine, 10,000 of Zithromax, and 750,000 of chloroquine, he said during a news conference.


As of Sunday, New York’s statewide total of virus cases reached 15,168, with 9,045 in New York City. There have been 114 deaths from the virus in New York state, with all but 16 of those people age 60 and older, according to Cuomo’s office.

 

[NorthernStar]

Still going to be more blood on the street. Said this almost from the beginning of the thread.

I was tempted to buy on Friday....probably out of boredom. Texted a buddy and told him to talk me off the cliff. Had a financial advisor tell me that some economist he follows thinks based on the drop already that the bottom for S&P is 2300 and we are close to that. When the market goes up it is going to be sharp. I told him we are still on the way down and once we break 2200 watch out because the next possible support is 1700.

I think the market is still going down. But when will they close the market to try to calm things down? I said this before with no response.

 

[Seymour]

Still going to be more blood on the street. Said this almost from the beginning of the thread.

I was tempted to buy on Friday....probably out of boredom. Texted a buddy and told him to talk me off the cliff. Had a financial advisor tell me that some economist he follows thinks based on the drop already that the bottom for S&P is 2300 and we are close to that. When the market goes up it is going to be sharp. I told him we are still on the way down and once we break 2200 watch out because the next possible support is 1700.

I think the market is still going down. But when will they close the market to try to calm things down? I said this before with no response.

Yep, there is no hurry - everyone knows the underlying issue - when it looks like the virus has a good chance of going away - then would be a better time - it ain't gonna rocket up in the meantime - probably go down more when the economy really starts to feel the effect of the shutdown - I just don't see the rush - though if you buy tomorrow I would imagine ur up 40% plus within 15 months

 

[Ricboff]

from another forum;

""With all this talk of communism, socialism, and capitalist free markets, I find it ironic that we here in the U.S. live in what is supposedly the greatest capitalist free market society in the world, and yet we have in place at the FDA such a top down controlled bureaucratic system filled with red tape that absolutely hindered our country's ability to get testing implemented for the COVID 19 virus. Contrast that with the South Koreans who almost immediately approved and got 4 private companies online for test kits.""

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

We had all the science minds out there watching....watching China have a severe mask shortage, buying from us, cost of a box of masks trippled here in N America ...watching how the Koreans were testing quickly and quarantining the positives...had the business guys watching as Chinese factories shut down, supply chain disruptions likely on its way.....


well prepared, no?

Irresponsible, dangerous, profound failure from those taking our tax paying dollars.........u think these fucks are getting tax installment payments from the small business owner in a timely fashion?

 

[NorthernStar]

Yep, there is no hurry - everyone knows the underlying issue - when it looks like the virus has a good chance of going away - then would be a better time - it ain't gonna rocket up in the meantime - probably go down more when the economy really starts to feel the effect of the shutdown - I just don't see the rush - though if you buy tomorrow I would imagine ur up 40% plus within 15 months

You must be an optimist and I must be a pessimist. I tell people there is no guarantee the stock market is going to recover fast.

Japan is the third rank economy in the world. The Nikkei had a high of almost 39000 in 1989 before it crashed. 30 years later it was still 35% below its high. Think about that. 30 years later. Since the virus is now back down to 17,000.

So to think 15 months from now the dow would be 40% higher than 19,000 to 26,600 which is only down 10% from the all time high.

Sorry but I dont see. Hope you are right. Personally the train I am on is on a different route than yours.

 

[NorthernStar]

Seymour:

One other thing. The US economy is made up of 70 percent consumer spending. Play it out a little. Virus takes some amount of time to play out.....personally if I was optimistic I would say 3 months.....personally it could be longer and even then the risk of another wave is high until their is a vaccine.

Just pick a month it doesnt matter. Say 3 months. Do you think the consumers are going to run out and spend after they were just scared and look financial uncertainty in the face. I dont see them going out and buying cars, TV, computers etc. It is going to take some time.

Markets tend to be forward looking which would help some....but uncertainty of wave two wont help.

 

[Ricboff]

The U.S. Federal Reserve, citing “tremendous hardship” caused by the coronavirus pandemic, on Monday said it would begin backstopping an unprecedented range of credit for households, small businesses and major employers.
The Fed said in a statement the effort was taken because “it has become clear that our economy will face severe disruptions.”

 

[TheFalls]

Can't say I'm speechless. But close. I've thought the Fed and Treasury would ultimately own everything capital market in the end anyways...and they will once the S&P drops another 25%
Looks like they will own my house starting this week as well.

Can't fight the FED...they will crush the short term shorts. The PPT will be working overtime to prevent civil unrest from the pensioners and 401K ers just sitting at home looking at a current projected worse than 1929 chart.

 

[PatsFan1283]

Said QE-infinity wouldn't take long on 1 of the first few pages of this thread. Basically a ton of t-bills, MBS, corporate stuff I would think for now. But possible they go into debt on the consumer side eventually. The plunge protection team is back.

"limitless" lol....He should've just said "hey Mr. Market...I fucking got you, now buy that dip", would've been smooth. His name is Jerome afterall.

McConnell playing a high stakes game of chicken if he wants to force a vote intra-day on his lobbyists bailout.

 

[PatsFan1283]

Mnunchin saying deal is close, gotta get done today.

If they can't pump this thing green today, oh man

 

[Enfuego]

Mnunchin saying deal is close, gotta get done today.

If they can't pump this thing green today, oh man

I love how Pelosi hasn't done shit for a week then pops in last night and drops a grenade on the entire thing. I believe she's the biggest cancer in both the house and the senate.

 

[mango]

I love how Pelosi hasn't done shit for a week then pops in last night and drops a grenade on the entire thing. I believe she's the biggest cancer in both the house and the senate.

You sound so desperate to receive those welfare checks.