Coronavirus Stock Market buy off.

[Ricboff]

yeah, 'limitless' was crystal clear; they will not let the high yield/junk bond market collapse. Aint going to happen. IWM were at highest risk of defaults, so they could go nutty today

anyway....crazy shit.

 

[Albatross]

Cashed out 80k that was in some stupid bank CD I was forced into for a short term loan last year. My advisor says wait until end of the week. I dont know anything about stock but it has to be a good time to buy

 

[PatsFan1283]

yeah, 'limitless' was crystal clear; they will not let the high yield/junk bond market collapse. Aint going to happen. IWM were at highest risk of defaults, so they could go nutty today

anyway....crazy shit.

He could've used a lot of different language/terminology to get his point across that the fed would raid the capital markets. He chose "limitless" for a reason, and the market still gave him the finger. Addict gonna need more of a shot to the vein than that.

 

[RidgewoodRob]

dow down a bit so far popcorn-eatinggif

 

[Ricboff]

look at the damage and its only day 6 or 7 of this work stoppage. You think this over levered system can last 3 mths of people staying home?

fed is powerless . Need folks back to work, i see no other way

 

[snoop]

What would UE claim figure be this week? #s are all over the map from low end of 2M to 6M.

6M new claims in 1 week would be very nasty, the government is setting the economy all the way back to the Great Depression.

 

[Ricboff]

from another forum;

Poll: Which of the 5 stages of coronavirus grief are you in: denial, anger, bargaining, depression, or acceptance?

 

[Ricboff]

binary event, imo; drop like a tank or close bullishly ............lets see the close

BA is looking to be saved....congress have n95 masks on? ......

 

[TheFalls]

binary event, imo; drop like a tank or close bullishly ............lets see the close

BA is looking to be saved....congress have n95 masks on? ......

I would expect a small pop from covering + sneaky ppt. It's dangerous holding anything over night at this point because FED could announce they are entering the equity market at any time.
Actually...they already gave themselves the ok to buy bond ETFs...so. will see

 

[PatsFan1283]

Wouldn't they need approval from congress to do BoJ style equity purchases?
That seems like a bridge too far atleast for the moment.

 

[Ricboff]

I would expect a small pop from covering + sneaky ppt. It's dangerous holding anything over night at this point because FED could announce they are entering the equity market at any time.
Actually...they already gave themselves the ok to buy bond ETFs...so. will see

absolutely, not of any interest whatsover. Letting the dust settle and any bounce is short term, imo (unitl clarity with virus/back to work orders).

and agreed , today's fed statement was the nail in the coffin; the Japanization of the global markets is upon us. Who knew the Japanese were ahead of the curve? haha!!

 

[Ricboff]

what does N America look like if business is closed for 3-6 mths? civil unrest possible?

been delayed. let's see if the market says bye bye...

 

[Ricboff]

no higher high on the vix.....

 

[Michelangelo]

Will the NASDAQ bounce of 6332?

 

[Michelangelo]

what does N America look like if business is closed for 3-6 mths? civil unrest possible?

been delayed. let's see if the market says bye bye...

If the closings last into the summer there will be lootings. For no reason. Just because they can.

 

[Ricboff]

i agree, i think civil unrest is in the cards. N Americans arent like the Asians, lol

 

[NorthernStar]

absolutely, not of any interest whatsover. Letting the dust settle and any bounce is short term, imo (unitl clarity with virus/back to work orders).

and agreed , today's fed statement was the nail in the coffin; the Japanization of the global markets is upon us. Who knew the Japanese were ahead of the curve? haha!!

I compared the possibilities to Japan yesterday.

 

[NorthernStar]

Will the NASDAQ bounce of 6332?

No guarantee

 

[NorthernStar]

Too bad we cant bet with all these experts giving their professional opinions.

My buddy said Goldman said bottom is 2000 and 3200 by end of the year. I am no economist but lets get real.

I said I am a gambler.....I would bet him $100k if he wants to put his money where his mouth is that it wont be 3,200 at the end of the year. That is a 6 percent hair cut from the high.

Yeah right.

 

[Ricboff]

no unravel, ...

reits, utilites ........:think2: