Discussion ***Official*** 2020 Stock Market Thread

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JEDI

JEDI

Lifer
Sep 25, 2001
29,391
2,738
126
Captante said:
Good advice.... long-term things will be fine don't panic and do dumb stuff.
Click to expand...
yup, long term we'll be fine, as evidenced by history.
short term, I see more pain.

incubation period for the chrono virus is 2weeks.
go short at end of day. 2weeks from today ( 3/20), re-evaluate.

Oil:
I also predict as we get closer to April, both the Saudi's and Russia will end their game of chicken and work out a deal to try to stabilize oil prices.

I don't think either one wants the nuclear option of everyone in Opec producing at max output in April during these times
 
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Captante

Captante

Lifer
Oct 20, 2003
30,354
10,880
136
K1052 said:
I'd expect layoffs to start sometime before the end of the month as companies and small biz start coming out of the shock of losing essentially all their customers overnight and move to preserve whatever cash they've got hoping to make it through to the other side of this alive. The market can do whatever in the meantime.
Click to expand...


My hours are being cut next week and would not be surprised to get laid off entirely for awhile since 90% of our business is/was corporate travel to airports.
 
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K1052

K1052

Elite Member
Aug 21, 2003
53,165
47,377
136
Captante said:
My hours are being cut next week and would not be surprised to get laid off entirely for awhile since 90% of our business is/was corporate travel to airports.
Click to expand...

Yea talk to anybody in transportation, hospitality, entertainment, or food service right now and it's quite clear what is about to happen.
 
JEDI

JEDI

Lifer
Sep 25, 2001
29,391
2,738
126
Captante said:
My hours are being cut next week and would not be surprised to get laid off entirely for awhile since 90% of our business is/was corporate travel to airports.
Click to expand...
well news of layoffs will be offset by the unemployment/sick leave package offered by the govt.

what will sink the market more is the ever increasing # of chrono virus cases in the US, and more importantly, MAJOR increases in deaths!
Cull of the elderly and of the sick...

buy stock in funeral homes and casket builders?
 
W

woodman1999

Golden Member
Sep 19, 2003
1,712
115
106
JEDI said:
well news of layoffs will be offset by the unemployment/sick leave package offered by the govt.

what will sink the market more is the ever increasing # of chrono virus cases in the US, and more importantly, MAJOR increases in deaths!
Cull of the elderly and of the sick...

buy stock in funeral homes and casket builders?
Click to expand...

I am thinking more along the lines of Peloton and any On Demand service for Movies/TV (Verizon). People still want to work out and if you're stuck at home, you'll be ripping through your movie to-do list.
 
Captante

Captante

Lifer
Oct 20, 2003
30,354
10,880
136
woodman1999 said:
I am thinking more along the lines of Peloton and any On Demand service for Movies/TV (Verizon). People still want to work out and if you're stuck at home, you'll be ripping through your movie to-do list.
Click to expand...


My guess is food delivery will be booming too.
 
IronWing

IronWing

No Lifer
Jul 20, 2001
73,200
34,528
136
Captante said:
My hours are being cut next week and would not be surprised to get laid off entirely for awhile since 90% of our business is/was corporate travel to airports.
Click to expand...
My wife will likely find out today if her hours get cut. Wednesday was a bloodbath of cancelled reservations and that was before Trump's new travel ban. She works at an ecolodge and March-May is prime season for them (nesting season for the photogenic species).
trogon_2019_01_26a.jpg
 
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Svnla

Svnla

Lifer
Nov 10, 2003
17,986
1,388
126
Words on Wall Street that the Fed could have another rate cut soon. Even 0% by the end of this year if this virus thing/meltdown is getting worse and not better.
 
JEDI

JEDI

Lifer
Sep 25, 2001
29,391
2,738
126
and the market rally is fizzling.
dow now only up 145points (.7%) :eek:

might end the day down at this rate
 
FelixDeCat

FelixDeCat

Lifer
Aug 4, 2000
31,122
2,735
126
Wow. Just wow. Gold is falling hard. Miners are crumbling. NUGT plunged nearly 50% today to near $6!

There is something rotten in Denmark. I suspect this was meant to send a message of some sort to not buy gold or short the dollar.

Thou shalt only buy stocks - or else!
 
Mai72

Mai72

Lifer
Sep 12, 2012
11,562
1,742
126
Stocks are on a wild ride. Dow is currently up nearly 2k points. That is probably because of the speech Trump is giving.

Are you reassured that all is well?
 
J

jpiniero

Lifer
Oct 1, 2010
16,989
7,395
136
Mai72 said:
Stocks are on a wild ride. Dow is currently up nearly 2k points. That is probably because of the speech Trump is giving.

Are you reassured that all is well?
Click to expand...

I think it was more options related. Apple surged over 8% in the final 30 minutes of trading. Intel was up 11%.
 
J

jpiniero

Lifer
Oct 1, 2010
16,989
7,395
136
Mai72 said:
Ah. Didn't Apple reopen their factories in China today?
Click to expand...

The factories have been open for some time I think. How much they are producting is another question, but demand has to be so low right now they may not be short.

They did reopen most of the stores in China yesterday.
 
PlanetJosh

PlanetJosh

Golden Member
May 6, 2013
1,814
143
106
Got lucky and made about $5200 usd on AMD today at the moment (it's still in after hours.)

Edit: Welp at the close of after hours my gain is down to $3600. Bought it yesterday at $40.3 and now it's 42.7 at the end of after hours. With that it tells how many $ I put in the trade but many of you have bought shares in general for much more. It could easily get erased in 1 or 2 days but I can feel good about this one trade for about another 20 hours. Overall my mutual funds are getting hammered since Feb 21..
 
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Svnla

Svnla

Lifer
Nov 10, 2003
17,986
1,388
126
Damn, thinking about putting my $10K playing money into the market, just for kick. Win, lose, or draw.
 
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