Coronavirus Stock Market buy off.

[Ricboff]

Trump is a very polarizing chap, gotta tip your hat to him here.

the markets closed at a DANGEROUS level and after hours were down just under 1%, no light of hope on the horizon.......... He told investors and the business community we got your back with this short term payroll tax relief. Sure more ammo available, like tax relief on Chinese imports

where r the central bankers?? those chaps gotta go all in and buy the SPY

 

[michael777]

I don't like those central banker chaps

 

[Michelangelo]

I just want a horse, some chaps, some matches, a Colt 45 and a Winchester 1873. And a big prairie to roam.

100 years ago things were much simpler.

 

[PatsFan1283]

Plunge protection team ready to unveil much of what we've been talking about ITT

That will likely give markets a little breather.

 

[Ricboff]

cases in S Korea are now decreasing as per their health minister , 'passed the peak' . Good thing, they r nearly out of toilet paper

 

[snoop]

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

Basically he is planning to raid SS Trust Fund to fend off the coronavirus.

Social Security fund is already in a big hole, let's dig it deeper.

 

[PatsFan1283]

Basically he is planning to raid SS Trust Fund to fend off the coronavirus.

Social Security fund is already in a big hole, let's dig it deeper.

Does it really matter? Whatever short-term fiscal injection there is will be deficit spending. Pretty much all spending over "baseline" is.

It is fungible after that.

 

[Hotpizza]

There are some serious buy opportunities. I suggest you look only at best in class. If you're in for the long haul, you'll be making a mint.

Panic has set in and the mom/pop investors that are seeing their portfolio balance plummet are heading for the hills. Big mistake but the institutions don't help educate them, they just see profits.

Hold the line and don't sell into this, BUY BUY BUY. It's a great time to strengthen your balance sheet at a deep discount.

Looking for some advice in my Bitcoin thread

 

[PatsFan1283]

Do you have any evidence that this 18% drop off of all time highs is being done by mom and pop investors? Average person has the same amount in their account as they had 8 months ago, most people are overly risk averse but that isn't really the type of drop that sets real fear into place.

Retail investors don't move markets much, especially at the beginning of downturns.

It is mostly institutional/hedge funds/pension funds.

 

[Ricboff]

Basically he is planning to raid SS Trust Fund to fend off the coronavirus.

Social Security fund is already in a big hole, let's dig it deeper.

disagree with the call?

yesterday closed at a DANGEROUS technical level,SEVERE fear all around (market halted in futures and during cash hours! NUTS), closed at the LOW of the day, was red after hours, geez, could have had another 4-7% drop, who knows. Trump re-assuring business that govt will be pro-active? gotta be a good move, certainly calmed the markets. Can it still lose yesterday's low ? of course, that would NOT be good.


presser has been delayed for after the close?

. Intra-day came down to nearly test yesterday's low and held (so far, lol) , ...the qqq's fighting to re-claim her 200 sma. ....2876 or above on the ES wuold be a great close

 

[StevieRay]

Crazy

 

[snoop]

Trump might bail out shale producers, no one know the details yet.

Oil stocks do not care - they're all squeezing into close.

 

[snoop]

I'm guessing it could be the form of 'capital injection' like they did with AIG/GM back in those days.

 

[PatsFan1283]

Trump might bail out shale producers, no one know the details yet.

Oil stocks do not care - they're all squeezing into close.

Shale industry getting any type of bailout is BS to me. That industry didn't just begin to struggle overnight because of the virus. The virus was the pin that pricked the massive bubble building there for the last 6 years. Those companies are surviving on cheap debt, let them crash and let price discovery work in the oil industry.

These bailouts are precisely why those in charge in these industries don't give a shit about fiscal prudence (why the junk bond market is so blown up), because they know the gov't will be there.

But whatever, we've all been Keynesians for a while now.

The payroll tax aspect will be around 250-300b I think, you always hear bigger numbers talked about for tax cuts before fiscal realities dampen what can be done.

 

[Hotpizza]

Do you have any evidence that this 18% drop off of all time highs is being done by mom and pop investors? Average person has the same amount in their account as they had 8 months ago, most people are overly risk averse but that isn't really the type of drop that sets real fear into place.

Retail investors don't move markets much, especially at the beginning of downturns.

It is mostly institutional/hedge funds/pension funds.

I never stated that the 18% drop was due to mom/pop investors. I stated they are running for the hills. What their portfolio balance is today is nowhere near what it was 8 months ago, it is lower. It's an across the board wipeout of capital, you know that. I have access to a lot of information you won't read or hear about. I won't make any kind of statement without due diligence. BUY BUY BUY Best in Class.

 

[snoop]

Trump BFF shale oil Harold Hamm CLR is popping hard - up 33%.

 

[PatsFan1283]

I never stated that the 18% drop was due to mom/pop investors. I stated they are running for the hills. What their portfolio balance is today is nowhere near what it was 8 months ago, it is lower. It's an across the board wipeout of capital, you know that. I have access to a lot of information you won't read or hear about. I won't make any kind of statement without due diligence. BUY BUY BUY Best in Class.

It has very little to do with mom and pop investors. They aren't "heading for the hills" in any real numbers.

And they don't really move markets until cycles get a lot worse than this.

For real fear to set in on main st? That is subjective but I think probably sub DOW 20k (and I'm not making a judgement if we get there or not, odds are we don't), even then I'm not sure. Last Xmas eve, we were at 21,700 and no one mentioned it to me. Wasn't that big of a deal, most sitting on big profits from ZIRP/QE-infinity.

Most people really don't follow it until it bleeds into the real world, i.e legitimate economic slowdown.

 

[DoublePlayBall]

What would happen in the United States if there WAS NO SUCH THING AS THE STOCK MARKET? This is for information only and not a political statement.

 

[PatsFan1283]

Another thing I'd add is that we're pretty far removed from the 1960's-70's sideways market at this point. The recessions are short and the recoveries come fast nowadays, so most people losing $ have it ingrained that you just hold through the downturn as that paid off very quickly in '02 and '08.

Given the mindset and psychology that has created, for real fear to set in I think is gonna take a real motherfucker of a black swan. Hopefully we won't have to test that theory anytime soon.

 

[Ricboff]

'08 recovery came quickly? SPY needed about 5 yrs to get back to level. A balanced 60/40 portfolio took about 2 yrs.

Dec 2018 was damn quick, V-shaped ..... grant it was only 20%.

Will see about this, dont see V-shape, and MUST hold yesterday's low that's for damn sure............above all- the VIX WILL fill that gap below .....