Coronavirus Stock Market buy off.

[Ricboff]

shits and giggles intra-day

we may just chop here , 2 big levels; below 2373- headed down, could be as much as 20 or more pts. above 2407- may test the days highs

 

[brendanjack]

???? That happened for how long last year?


What are you talking about lmao wow what

I was referring to Congress yes it happened last year but guess who was excluded the decision makers.

 

[Ricboff]

2343/2333 may see a bounce...muchin was kinda promising news ;we r close, we r close'....market doesnt appear too happy ,

 

[PatsFan1283]

In on SPXS @ 20.6 as of 1 minute ago...Think most of the near-term good news priced in but we'll see.

out at 20.6

Was up 9.5% a few hours ago but bulls had other ideas

 

[Ricboff]

I strongly disagree with this analysis. If the market were reacting to a stimulus agreement between the house and senate why didn't this bounce happen yesterday or last week? Heck, the House blew up the Senate's work just yesterday.

It didn't happen because that is not what the market is reacting to, although that seems to be the conventional wisdom by the financial pundits who often miss the mark.

To know what the market is reacting to, you need to understand the problem and what is going to be needed to correct the problem and get us back to some semblance of three week's ago economy.

The problem is not the coronavirus. The problem is the policymaker's reaction to the coronavirus. It wasn't the coronavirus that killed the economy. The coronavirus hurt the cruise ships, the airlines and the hotel industry. The overreaction to the coronavirus hurst everything else - primarily the decimation of small businesses and their help. Big businesses will survive but many of their help will be laid off until things turn around. Small businesses employ roughly 50% of all America's employees. Near 20% are employed by businesses with less than 20 employees. It's impossible to know how many of those small businesses will not survive this government imposed shutdown, but you can rest assured that there will be a record amount of bankruptcies amongst small businesses if the government mandates are not lifted soon.

If this thing carries on for months, no patch (Recovery Bill or whatever they're gonna call it) is gonna save this country from economic collapse. The only savior is to get people 1) healthy and 2) back to work in the immediate future before the cascading effect buries everyone, so they can pay their bills with earned money and restore their personal dignity, the dignity that comes with earning your way in life, no matter how hard that is to do.

The convergence of those two understandings came together in last night's Presidential corona briefing. I have watched most of these briefings which have gone on daily for almost two weeks now. Last night I heard the President address both of the key problems (health resolution, and the lifting of work shutdowns) positively.

Re the health resolution, he talked about the many creative ways that they are attacking the ppe shortage. Sounded to me that there were layers of blossoming solutions. They have retrofitted two massive ships to send to NY and the West coast to "hot spot" areas to help with capacity. And although he didn't mention it, I know people in the medical field in Boston. These huge, teaching hospitals have been slow to adapt their staff to man the front lines, but my sources tell me that is now getting that done. Lastly the President talked about strong anecdotal evidence that hydroxychloroquine is being found to be a miracle drug in fighting this disease. There are very encouraging stories about its miracle nature surfacing all over the world.

Re getting Americans back to work, he emphatically stressed that we cannot let the cure be far more costly than the original problem. He talked about the monetary hardships for millions of Americans due to government enforced shutdowns. He also talked about the effects from inability to pay the rent or mortgage to the debilitation of such issues leading to paralyzing depression and even suicide. He said that he wanted to get Americans back soon, real soon.

Dr Deborah Birx supported this idea by saying that different parts of the country would be "flattening the curve" at different times. The suggestion was that where the curve is fattened that those people would be able to return to work, or in areas of the country where the virus has not taken hold in a serious way that those people would also be eligible to return to work.

So what I heard was medical solutions coming together and the philosophy that the cure cannot be more harmful than the sickness being clearly understood by the President. Those are the two factors that will get America back to work and on the long road to healing.

Lastly, evidence of this is the fact that Zoom Technology is down 10% today while everything else is jumping up. Why is that? Because teleconferencing will no longer be the workplace method of communication if people are back in their offices. Clearly, there are marketmovers who share my thoughts.

The Recovery Act patch is only a patch. It does not solve the underlying problems this economy faces right now. I suggest that it is NOT driving today's surge.

PS In an abbreviated version I wrote all of this last night as soon as the President's briefing was over.

Good luck with our recovery. I believe that it has begun. Don't forget that it is anticipation that drives the market.

Still interested in what stocks you guys think will lead the recovery and why. I've seen some good recommendations. I'd love to see more.

put a lot into that mich, thks for sharing.


few things have definitely changed, a collection of good things have arrived decreasing fear with c) a REAL biggy;

a) Fed will back everything up . Assured the high yield market, nope i got ur back..
b) italy news overnight- future's got stronger , assuming that news helps to shed further light on time frames
c) Trump affirming this delay aint going to be long

with that said the VIX is around $50ish lol, so expect significant volatility in the near term .

the qqq's have formed a pretty good base, clear swing low in form for the short term and reclaimed its 8 ema. GREAT market breadth today , as snoop pointing out its a sea of green. The short term outlook technically is not bearish ( crazy news can spook the market of course)

 

[Ricboff]

out at 20.6

Was up 9.5% a few hours ago but bulls had other ideas

cmon man, great call... yuo let all that profit go away? ....money grows on trees in your area?

 

[PatsFan1283]

cmon man, great call... yuo let all that profit go away? ....money grows on trees in your area?

Yeah, should've soldoff on Trump presser with his comments about getting commerce up and running by easter.

Between his optimism, the stimulus, fed....Lot of news to fade right now. They're doing everything they can to prop this sick puppy up.

 

[snoop]

They're already talking about rescue package # 4 - Job Creation.

The market might be looking past expected horrendous claim # next Thursday.

 

[PatsFan1283]

The plunge protection team might have more people than an NFL roster at this point

S&P above '18 lows, DOW only 5% off or so.

 

[snoop]

GM will retool its plant to make ventilators.

Basic model $25K/unit
Advance model $45K/unit

Seems very good deal, GM car sale probably fall off the cliff, make sense to change its business model.

 

[PatsFan1283]

According some FBN reporter, Trump talked to Loeb and a few other hedge fund guys this afternoon and they threw cold water on the idea of expanding business/commerce by Easter.

They also probably told him good job on those bailouts, we were frontrunning the fuck outta that shit but the reporter didn't mention that.

 

[NorthernStar]

I strongly disagree with this analysis. If the market were reacting to a stimulus agreement between the house and senate why didn't this bounce happen yesterday or last week? Heck, the House blew up the Senate's work just yesterday.

It didn't happen because that is not what the market is reacting to, although that seems to be the conventional wisdom by the financial pundits who often miss the mark.

To know what the market is reacting to, you need to understand the problem and what is going to be needed to correct the problem and get us back to some semblance of three week's ago economy.

The problem is not the coronavirus. The problem is the policymaker's reaction to the coronavirus. It wasn't the coronavirus that killed the economy. The coronavirus hurt the cruise ships, the airlines and the hotel industry. The overreaction to the coronavirus hurst everything else - primarily the decimation of small businesses and their help. Big businesses will survive but many of their help will be laid off until things turn around. Small businesses employ roughly 50% of all America's employees. Near 20% are employed by businesses with less than 20 employees. It's impossible to know how many of those small businesses will not survive this government imposed shutdown, but you can rest assured that there will be a record amount of bankruptcies amongst small businesses if the government mandates are not lifted soon.

If this thing carries on for months, no patch (Recovery Bill or whatever they're gonna call it) is gonna save this country from economic collapse. The only savior is to get people 1) healthy and 2) back to work in the immediate future before the cascading effect buries everyone, so they can pay their bills with earned money and restore their personal dignity, the dignity that comes with earning your way in life, no matter how hard that is to do.

The convergence of those two understandings came together in last night's Presidential corona briefing. I have watched most of these briefings which have gone on daily for almost two weeks now. Last night I heard the President address both of the key problems (health resolution, and the lifting of work shutdowns) positively.

Re the health resolution, he talked about the many creative ways that they are attacking the ppe shortage. Sounded to me that there were layers of blossoming solutions. They have retrofitted two massive ships to send to NY and the West coast to "hot spot" areas to help with capacity. And although he didn't mention it, I know people in the medical field in Boston. These huge, teaching hospitals have been slow to adapt their staff to man the front lines, but my sources tell me that is now getting that done. Lastly the President talked about strong anecdotal evidence that hydroxychloroquine is being found to be a miracle drug in fighting this disease. There are very encouraging stories about its miracle nature surfacing all over the world.

Re getting Americans back to work, he emphatically stressed that we cannot let the cure be far more costly than the original problem. He talked about the monetary hardships for millions of Americans due to government enforced shutdowns. He also talked about the effects from inability to pay the rent or mortgage to the debilitation of such issues leading to paralyzing depression and even suicide. He said that he wanted to get Americans back soon, real soon.

Dr Deborah Birx supported this idea by saying that different parts of the country would be "flattening the curve" at different times. The suggestion was that where the curve is fattened that those people would be able to return to work, or in areas of the country where the virus has not taken hold in a serious way that those people would also be eligible to return to work.

So what I heard was medical solutions coming together and the philosophy that the cure cannot be more harmful than the sickness being clearly understood by the President. Those are the two factors that will get America back to work and on the long road to healing.

Lastly, evidence of this is the fact that Zoom Technology is down 10% today while everything else is jumping up. Why is that? Because teleconferencing will no longer be the workplace method of communication if people are back in their offices. Clearly, there are marketmovers who share my thoughts.

The Recovery Act patch is only a patch. It does not solve the underlying problems this economy faces right now. I suggest that it is NOT driving today's surge.

PS In an abbreviated version I wrote all of this last night as soon as the President's briefing was over.

Good luck with our recovery. I believe that it has begun. Don't forget that it is anticipation that drives the market.

Still interested in what stocks you guys think will lead the recovery and why. I've seen some good recommendations. I'd love to see more.

I guess we are in disagreement.

I would say watch Cuomo's news conference on New York and lack of supplies

In term of the drug as a solution. The case study was on 26 patients. 6 dropped out. I think it was a small percentage that saw some sort of improvement. Will it work? Who knows but if I had a gun to my head I would say no. Go read about the study. Not as promising as you might believe.

Ricboff asked me what I thought would happen. I think until we can supply our healthcare workers with masks etc. to protect them we still have big problems. The next step would be ventilators to help save the life of those that do get infected. Those are the biggest challenges in the near term. Once those are addressed then going back to work would be more logical.

I have some ideas of where I will be going with my money but I havent decided when I will jump back in.

Using history as a guide. 2008 had 3 downward drops of 20% before the bottom was hit.

Some of the buying today could also be for large investors before their end of the month where they disclose their holdings.

 

[CHOPTALK]

GM will retool its plant to make ventilators.

Basic model $25K/unit
Advance model $45K/unit

Seems very good deal, GM car sale probably fall off the cliff, make sense to change its business model.

Jesus H at those prices fuck suburbans

 

[NorthernStar]

Jesus H at those prices fuck suburbans

You can sign with no payments for 60 days and interest rate of only 2.99%

 

[CHOPTALK]

Hey mich tell us what the market gonna do tomorrow man.
You on a roll

 

[Michelangelo]

Market is going to turn up tomorrow, guys.

Don't know if we've bottomed yet but I think we're in store for a significant bounce tomorrow and maybe a couple of days straight with rising volume which we haven't seen since 2/18. If not tomorrow, very soon.

Listened to the President's corona briefing tonight. He mentioned chloronique again. And he stressed strongly several times that the business shutdown would be coming to an end soon. Based on everything he said I would estimate that he is gonna recommend lifting in different parts of the country at different times starting no sooner than the end of his 15 days (think we're on day 7 or 8 now) and no more than two weeks from now. He seems to think that there is a convergence of data and preparedness that will allow him to focus on getting the "American worker and small businesses back on their feet". He said the bill in Congress right now was almost signed last night before someone (Nancy Pelosi) mucked up the works. He expects it to be signed soon without the ridiculous add ons that pork up normal bills.

Just one man's opinion. Mine.

Here ya go, Chop. I stand by what I wrote after the President's briefing last night. (Monday)

 

[stomie]

I strongly disagree with this analysis. If the market were reacting to a stimulus agreement between the house and senate why didn't this bounce happen yesterday or last week? Heck, the House blew up the Senate's work just yesterday.

It didn't happen because that is not what the market is reacting to, although that seems to be the conventional wisdom by the financial pundits who often miss the mark.

To know what the market is reacting to, you need to understand the problem and what is going to be needed to correct the problem and get us back to some semblance of three week's ago economy.

The problem is not the coronavirus. The problem is the policymaker's reaction to the coronavirus. It wasn't the coronavirus that killed the economy. The coronavirus hurt the cruise ships, the airlines and the hotel industry. The overreaction to the coronavirus hurst everything else - primarily the decimation of small businesses and their help. Big businesses will survive but many of their help will be laid off until things turn around. Small businesses employ roughly 50% of all America's employees. Near 20% are employed by businesses with less than 20 employees. It's impossible to know how many of those small businesses will not survive this government imposed shutdown, but you can rest assured that there will be a record amount of bankruptcies amongst small businesses if the government mandates are not lifted soon.

If this thing carries on for months, no patch (Recovery Bill or whatever they're gonna call it) is gonna save this country from economic collapse. The only savior is to get people 1) healthy and 2) back to work in the immediate future before the cascading effect buries everyone, so they can pay their bills with earned money and restore their personal dignity, the dignity that comes with earning your way in life, no matter how hard that is to do.

The convergence of those two understandings came together in last night's Presidential corona briefing. I have watched most of these briefings which have gone on daily for almost two weeks now. Last night I heard the President address both of the key problems (health resolution, and the lifting of work shutdowns) positively.

Re the health resolution, he talked about the many creative ways that they are attacking the ppe shortage. Sounded to me that there were layers of blossoming solutions. They have retrofitted two massive ships to send to NY and the West coast to "hot spot" areas to help with capacity. And although he didn't mention it, I know people in the medical field in Boston. These huge, teaching hospitals have been slow to adapt their staff to man the front lines, but my sources tell me that is now getting that done. Lastly the President talked about strong anecdotal evidence that hydroxychloroquine is being found to be a miracle drug in fighting this disease. There are very encouraging stories about its miracle nature surfacing all over the world.

Re getting Americans back to work, he emphatically stressed that we cannot let the cure be far more costly than the original problem. He talked about the monetary hardships for millions of Americans due to government enforced shutdowns. He also talked about the effects from inability to pay the rent or mortgage to the debilitation of such issues leading to paralyzing depression and even suicide. He said that he wanted to get Americans back soon, real soon.

Dr Deborah Birx supported this idea by saying that different parts of the country would be "flattening the curve" at different times. The suggestion was that where the curve is fattened that those people would be able to return to work, or in areas of the country where the virus has not taken hold in a serious way that those people would also be eligible to return to work.

So what I heard was medical solutions coming together and the philosophy that the cure cannot be more harmful than the sickness being clearly understood by the President. Those are the two factors that will get America back to work and on the long road to healing.

Lastly, evidence of this is the fact that Zoom Technology is down 10% today while everything else is jumping up. Why is that? Because teleconferencing will no longer be the workplace method of communication if people are back in their offices. Clearly, there are marketmovers who share my thoughts.

The Recovery Act patch is only a patch. It does not solve the underlying problems this economy faces right now. I suggest that it is NOT driving today's surge.

PS In an abbreviated version I wrote all of this last night as soon as the President's briefing was over.

Good luck with our recovery. I believe that it has begun. Don't forget that it is anticipation that drives the market.

Still interested in what stocks you guys think will lead the recovery and why. I've seen some good recommendations. I'd love to see more.

When you say healthy, could you elaborate?

 

[Ricboff]

from another forum;



'No Income for foreseeable future

How long do you guys think this will last?

Unlike other professions, I can't even work at home. What should I do?

Taking recommendations for a part time gig I can do '


one response;


Time to develop the welfare mentality.



@)

 

[snoop]

Gilead - Remdesivir is in Phase III Trial in China - result expected to publish by mid April.
Morderna - Experimental vaccine is ready for healthcare workers by Oct.
Japan Fujifilm Toyama Chemical’s flu drug Favilavir approved in China to treat COVID-19.

 

[Ricboff]

shits and giggles;

IF the ES can stay in 2460-2499; probability favors we see 2600 during this bounce

if we re-trace more than 1/2 of yesterday's es candle, close there? all bets off . Sell the news , and no swing low pattern

dont want to stay below 2400 for much of the day




...gasing up the RV.........


called it The Littlest Hobo........