Coronavirus Stock Market buy off.

[Ricboff]

charts are very very unstable, TLT's is nutty, back-to-back large gap-ups, straight vertical up, acting like pharma compnay @)




oil off the cliff. Putin trying to crush US shale? okay with short term pain for long term gain.....what's that dude up to...

https://www.ft.com/content/c1b899ec-5fe5-11ea-b0ab-339c2307bcd4


still orderly as bonds are not selling off. Halted this morning at 7%, next mandatory halt is at 13%...as per capitalism rules

let's see the candles's close......

 

[Seymour]

This is nothing like 2008 - this is a gimmick - the virus is going to disappear eventually - when its done the DOW will be about 35K - in 2008 everyone was losing their biggest and most important asset - no one is losing shit here - the economy is obviously going to slow down - maybe even severely - but this is all coming back and then some - like when the casino loses big to one player - they know they're getting it all back plus extra

 

[mickj]

OXY is trading @$16s. Oh wow. They're pricing in chapter 11. Ridiculous! I can take some small bite today. If WB wait for 6 months, he could literally buyout this company with this price.

They have a lot of debt after buying Anadarko, if the oil price goes too low to make a profit...

 

[REDEYE]

This is nothing like 2008 - this is a gimmick - the virus is going to disappear eventually - when its done the DOW will be about 35K - in 2008 everyone was losing their biggest and most important asset - no one is losing shit here - the economy is obviously going to slow down - maybe even severely - but this is all coming back and then some - like when the casino loses big to one player - they know they're getting it all back plus extra

I agree 100%.. this is media driven panic imo.. common sense has been thrown to the wayside... in the long run , besides everything getting back to normal , eyes are more wide open with China. these supply chains have been exposed … that should change to some extent to our benefit , not to put us in a vulnerable position like we're in right now....

 

[kidman232]

Went to costco today. They had someone assigned to wiping off your carts with lysol wipes before you started your shopping trip. They also had someone wiping down food tables as soon as you got up. I went to refill my drink and someone was wiping down my table with my cart still there

 

[NorthernStar]

This is nothing like 2008 - this is a gimmick - the virus is going to disappear eventually - when its done the DOW will be about 35K - in 2008 everyone was losing their biggest and most important asset - no one is losing shit here - the economy is obviously going to slow down - maybe even severely - but this is all coming back and then some - like when the casino loses big to one player - they know they're getting it all back plus extra

I am not that optimistic. Market drops fast and rises slow.

One important thing to remember......it is not a guarantee that the stock market is going up.

Sock market crash 1929 took 25 years to get back to those levels.

Look at the Japan stock market crash. Now 30 years later and it still has not made it back to those levels.

I will be dead if it it continues to decline and how long it will take to get back to those levels. I am 90% in cash and watching the carnage. There will be buying opportunities. Just not for awhile.

Dollar cost averaging right now doesnt make sense. Like grabbing a falling knife. Better off being willing to give up some potential gains versus the pain of more losses (and I think there will be more).

A friend of mine over the weekend that is very wealthy said when the S & P hits 2,300 he will be a buyer. I said to him just I have this right.....on Friday you will be buying again. hahaha

 

[StevieRay]

This is nothing like 2008 - this is a gimmick - the virus is going to disappear eventually - when its done the DOW will be about 35K - in 2008 everyone was losing their biggest and most important asset - no one is losing shit here - the economy is obviously going to slow down - maybe even severely - but this is all coming back and then some - like when the casino loses big to one player - they know they're getting it all back plus extra

Sad when the flu causes a panic. Wait till something major happens. Pussies

 

[Seymour]

I am not that optimistic. Market drops fast and rises slow.

One important thing to remember......it is not a guarantee that the stock market is going up.

Sock market crash 1929 took 25 years to get back to those levels.

Look at the Japan stock market crash. Now 30 years later and it still has not made it back to those levels.

I will be dead if it it continues to decline and how long it will take to get back to those levels. I am 90% in cash and watching the carnage. There will be buying opportunities. Just not for awhile.

Dollar cost averaging right now doesnt make sense. Like grabbing a falling knife. Better off being willing to give up some potential gains versus the pain of more losses (and I think there will be more).

A friend of mine over the weekend that is very wealthy said when the S & P hits 2,300 he will be a buyer. I said to him just I have this right.....on Friday you will be buying again. hahaha

There is no underlying problem with our economy - this is not a recession nor depression - this is the stock market anticipating no one is going to go to the mall, restaurants, hotels, sporting events, parties, airplanes, etc.

 

[StevieRay]

There is no underlying problem with our economy - this is not a recession nor depression - this is the stock market anticipating no one is going to go to the mall, restaurants, hotels, sporting events, parties, airplanes, etc.

Well the spring breakers sure out and traveling. Lol

 

[valium]

OXY is trading @$16s. Oh wow. They're pricing in chapter 11. Ridiculous! I can take some small bite today. If WB wait for 6 months, he could literally buyout this company with this price.

OXY is ex- dividend today. at the closing price that is around 25% yield. of course who knows if the next quarter there even is a dividend. But this one must be paid.

 

[valium]

OXY was down over 50% today. i would have to think that has to be one of the biggest market cap drops in one day.

 

[Michelangelo]

There is no underlying problem with our economy - this is not a recession nor depression - this is the stock market anticipating no one is going to go to the mall, restaurants, hotels, sporting events, parties, airplanes, etc.

You are totally missing the supply chain interruptions which COULD manifest from Home Depot to Ford to Best Buy to Apple to many, many companies that you've never heard of and don't know that they exist or what they make.

And if the price of oil stays in the thirties that will cause major layoffs. Whole towns will fold up. And there will be many consolidations as companies go bankrupt. There are lots of people who have gotten real nice jobs as the US drilled its way to becoming the world's number one energy producer. Much of that is in jeopardy right now.

Nothing phony about what's going on right now. Two black swan events clashing. Look out below.

 

[Seymour]

You are totally missing the supply chain interruptions which COULD manifest from Home Depot to Ford to Best Buy to Apple to many, many companies that you've never heard of and don't know that they exist or what they make.

And if the price of oil stays in the thirties that will cause major layoffs. Whole towns will fold up. And there will be many consolidations as companies go bankrupt. There are lots of people who have gotten real nice jobs as the US drilled its way to becoming the world's number one energy producer. Much of that is in jeopardy right now.

Nothing phony about what's going on right now. Two black swan events clashing. Look out below.

Oh no, I think we are in trouble if no one is going to work for a long time - I just think this virus plays out - it's not some super complex virus science hasnt seen - it's nearly identical the regular flu

 

[NorthernStar]

There is no underlying problem with our economy - this is not a recession nor depression - this is the stock market anticipating no one is going to go to the mall, restaurants, hotels, sporting events, parties, airplanes, etc.

What you are missing is what is going to happen. The stock market hates uncertainty. This is different but gives you an idea of what happens. After 911 in seemed like the world stopped for about 3 months. There was no recession before that......but people didnt go out and buy houses, cars, computers etc. When that happens companies dont perform.

This has the potential to effect consumer spending and the ability for companies to supply products even if consumers want to buy their product.

If you think in a week or two this is going to be over and done with.....you are sadly mistaken. It is just the tip of the iceberg.

 

[KennyB]

I am buying and will continue buying. I still have a lot of cash on the sidelines and always buy into weakness. This will turn around and the markets will recover. While the threat is serious, the world is not coming to an end and a vaccine will emerge at some point.

 

[PatsFan1283]

Oh no, I think we are in trouble if no one is going to work for a long time - I just think this virus plays out - it's not some super complex virus science hasnt seen - it's nearly identical the regular flu

Sounds like the point you are making is just that this isn't the end of the world as we know it, as R.E.M once sung. Who said it was? It is a legitimate global event that will have major short-term ramifications and even long-term ones, once we all establish that, we go from there with our analysis.

Obviously this isn't the end of the world, that seems like a clear given though, no?

 

[PatsFan1283]

I am buying and will continue buying. I still have a lot of cash on the sidelines and always buy into weakness. This will turn around and the markets will recover. While the threat is serious, the world is not coming to an end and a vaccine will emerge at some point.

Ditto but not because I'm buying a dip, or don't think there are major structural issues, or because Buffet once said "Be greedy when others are fearful and fearful when others are greedy" (nice quote but pretty hard to apply in practice as it is highly subjective)

Buying assets that control the means of production on a periodic basis just works. Once you go that route, you establish the assets you should buy (sometimes more conservative, sometimes more aggressive, etc)

I think "lump sum" timing is basically a losing strategy. There are people that have sat in cash for a decade waiting for a correction.

 

[snoop]

Oil stocks are trading like bank stocks in 2008 - 2009. We're probably seeing another wave of default coming but anyone can survive this massacre will pop hard. The market is now pricing in a total collapse of US shale industry. Russia/Saudis can't kill shale. They might be operating at a smaller scale going forward, but they're here to stay.

 

[Ricboff]

an election yr, the sitting president is NOT going down without a fight.....sharp reversal on the futures.......... Why couldnt Trump tip off the Rx? ....dagone.....

Trump to seek payroll tax relief to help calm financial markets

 

[Ricboff]

What do we look for before stepping in to buy Big Oil?

certainly a healthier chart.

XLE (energy)

1 decade monthly

WTF....no other sector has performed as poorly, not even close.

why has energy done so poorly over the last decade? what factors can change its chart for the next decade?

NO FIGHT to hold $50, disturbing. May come back to test it, but likely head back down.....any bull bet here is a bet AGAISNT the trend, like riding a bike uphill and into the wind.

XOM likely yielding 7% yet? it has a strong history of dividend increases