News Dow bouncing around -1000

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J

Jhhnn

IN MEMORIAM
Nov 11, 1999
62,365
14,681
136
shortylickens said:
www.npr.org

Dow's Dive Erases All Gains Under Trump

The Dow fell more than 900 points, leaving the index 2.8% lower than when President Trump took office. The drop culminated a staggering week of losses as the coronavirus impact took an economic toll.
www.npr.org www.npr.org

I remember all those times the sycophants said Donald is wonderful because the stock market was strong. And that was literally the only they claimed which happened to be true at the time.
Now that its tanked and directly due to his actions I wonder if the sycophants will admit they were wrong to begin with, or admit he used to be good but now he sucks because the presidency is all about the stock market.
Click to expand...

There's a run on bonds & now mutual funds, too. And it's not about the banks, nosirree Bob! The fundamentals of the economy are strong!

www.npr.org

Federal Reserve Establishes Lending Facility To Back Up Money Market Mutual Funds

The Fed will receive $10 billion from the Treasury Department to cover potential losses in loans made to eligible financial institutions, to backstop the money market mutual fund industry.
www.npr.org www.npr.org

The whole thing was teetering on a mountain of debt before covid19 showed up.
 
Bitek

Bitek

Lifer
Aug 2, 2001
10,647
5,220
136
Bitek said:
Honestly thought about buying UVXY this morning when things were up. I didn't because Im still punking out.
I did sell out of a few up and down plays tho to get back to cash. I fucked up last Friday's bounce by not putting limit orders in, then got too busy at work then had to sit at ride it out all week.

Active case numbers are going to be moving up really fast now high speed testing is starting to kick in, plus with the normal spread of the virus.

I think next week is going to be freak out week. I'm going to wish I bought that UVXY down at $80 today...
Click to expand...

God damnit.

Should just play short everyday Trump holds a press conference.
We'll all be dead, but at least I'd have some money back.

https://twitter.com/x/status/1241848650537603073
 
Jaskalas

Jaskalas

Lifer
Jun 23, 2004
33,426
7,485
136
BARRACK: Commercial Mortgages on Brink of Collapse...
Barrack, chairman and chief executive officer of Colony Capital Inc., warns in a white paper of a chain reaction of margin calls, mass foreclosures, evictions and, potentially, bank failures due to the coronavirus pandemic and consequent shutdown of much of the U.S. economy. The paper was posted late Sunday on online publishing platform Medium. ​

In a nation drunk stupid on leverage, anything short of unending growth.... becomes economic murder.

If this shutdown is not properly abated quickly, let me put this simply: The United States will end.
We are moments away from civil unrest due to economic collapse. It is possible to bridge the gap and avoid collapse, but our government has precious little time. Fail, and Americans will kill more Americans than any disease could ever dream of.
 
JSt0rm

JSt0rm

Lifer
Sep 5, 2000
27,399
3,947
126
Jaskalas said:
BARRACK: Commercial Mortgages on Brink of Collapse...
Barrack, chairman and chief executive officer of Colony Capital Inc., warns in a white paper of a chain reaction of margin calls, mass foreclosures, evictions and, potentially, bank failures due to the coronavirus pandemic and consequent shutdown of much of the U.S. economy. The paper was posted late Sunday on online publishing platform Medium. ​

In a nation drunk stupid on leverage, anything short of unending growth.... becomes economic murder.

If this shutdown is not properly abated quickly, let me put this simply: The United States will end.
We are moments away from civil unrest due to economic collapse. It is possible to bridge the gap and avoid collapse, but our government has precious little time. Fail, and Americans will kill more Americans than any disease could ever dream of.
Click to expand...

what are you drinking?
 
UNCjigga

UNCjigga

Lifer
Dec 12, 2000
24,810
9,015
136
Jaskalas said:
BARRACK: Commercial Mortgages on Brink of Collapse...
Barrack, chairman and chief executive officer of Colony Capital Inc., warns in a white paper of a chain reaction of margin calls, mass foreclosures, evictions and, potentially, bank failures due to the coronavirus pandemic and consequent shutdown of much of the U.S. economy. The paper was posted late Sunday on online publishing platform Medium. ​

In a nation drunk stupid on leverage, anything short of unending growth.... becomes economic murder.

If this shutdown is not properly abated quickly, let me put this simply: The United States will end.
We are moments away from civil unrest due to economic collapse. It is possible to bridge the gap and avoid collapse, but our government has precious little time. Fail, and Americans will kill more Americans than any disease could ever dream of.
Click to expand...

What game is Trump’s good friend playing at??
 
ShookKnight

ShookKnight

Senior member
Dec 12, 2019
646
658
96
Pst, hey, Gubnaments; how about tossing some scratch to the little people, huh?

So far, you've been dumping TRILLIONS into the stock market, banks, airlines, etc. and not getting much movement - other than losing more and more money.
 
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Bitek

Bitek

Lifer
Aug 2, 2001
10,647
5,220
136
Had a really good day today finally based on stimulus hopes, but looks like stocks are coming off of their highs for the day. Must be a Trump press conference starting soon.
 
vi edit

vi edit

Elite Member
Super Moderator
Oct 28, 1999
62,387
8,154
126
I'm still not convinced we are at the bottom. Administration is asking states to suppress jobs and unemployment numbers. This is a feel good rally and not based on reality.
 
JSt0rm

JSt0rm

Lifer
Sep 5, 2000
27,399
3,947
126
vi edit said:
I'm still not convinced we are at the bottom. Administration is asking states to suppress jobs and unemployment numbers. This is a feel good rally and not based on reality.
Click to expand...

We are like 2 weeks away from Americans seeing what real death looks like.
 
JSt0rm

JSt0rm

Lifer
Sep 5, 2000
27,399
3,947
126
the obvious answer is "stop making them pay rent" or "give them money to stay home" but somehow their broken worm-filled brains have decided that the real solution is "massive plague death" and the stock market will lose its shit when that happens.
 
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Reactions: zinfamous
A

alien42

Lifer
Nov 28, 2004
12,636
3,032
136
Bitek said:
Had a really good day today finally based on stimulus hopes, but looks like stocks are coming off of their highs for the day. Must be a Trump press conference starting soon.
Click to expand...

you missed the "virtual town hall" Trump just had on Faux News.
 
sportage

sportage

Lifer
Feb 1, 2008
11,493
3,159
136
FUNNY....
How the markets explode with happiness and excitement whenever the fed government hands YOUR TAX DOLLARS over to the greed of Wall Street.
Especially when that loot to the greedy comes with NO STRINGS ATTACHED, and..... everyone assumes the greedy filthy rich can always be trusted TO DO THE RIGHT THING with YOUR savings and hard earned income.
Funny how that is.....
 
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Reactions: Linux23 and shortylickens
Bitek

Bitek

Lifer
Aug 2, 2001
10,647
5,220
136
vi edit said:
I'm still not convinced we are at the bottom. Administration is asking states to suppress jobs and unemployment numbers. This is a feel good rally and not based on reality.
Click to expand...

I would agree. Might have a few good days as they negotiate trillions in stimulus, but I think shit will hit fan again when sick numbers keep racing up.
 
Bitek

Bitek

Lifer
Aug 2, 2001
10,647
5,220
136
Otoh, I don't know that we will go way down from yesterday low.

Is it the absolute bottom? IDK, but I don't know if I would 100% stay out of the market. This thing will eventually end one way it the other. We have some decent experience on disease trajectories and recoveries, eg China is back to work.

We're 2-3 weeks in a perhaps a 12 cycle.
 
Bitek

Bitek

Lifer
Aug 2, 2001
10,647
5,220
136
Trying to decide if I keep my limit orders at just above this level, try to sell out and wait for another drop, or be greedy and move up higher. IDK. Prolly the former.

I'd really hope to see TSLA at $400 again.

I think the huge stimulus will drive market cycle for a couple days.
 
Last edited:
E

eelw

Diamond Member
Dec 4, 1999
9,009
4,332
136
The Biden bounce!!!!! During his interview on CNN. Jumped like 500 points in the 20 minutes during this interview.

And surprised it didn’t fall during Trump’s Fox townhall
 
Bitek

Bitek

Lifer
Aug 2, 2001
10,647
5,220
136
hal2kilo said:
Wish it didn't.
Click to expand...

We had to go up some points so we could have another multi thousand point drop later.
Trump had squeezed out about as much losing as possible, and we needed a recharge before we could get kicked in the nuts again.
 
dank69

dank69

Lifer
Oct 6, 2009
35,296
28,497
136
Great to see the market bouncing back. Clearly we can drag our feet on that expensive stimulus bill again.
 
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