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

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FelixDeCat

FelixDeCat

Lifer
Aug 4, 2000
31,000
2,680
126
s0me0nesmind1 said:
Where do you see that indication? (not doubting you - just legit don't know where you get that kind of information this ahead of time).
Click to expand...

Only 3.5% down. Futures are limited to 5%. Have to wait for premarket open and look at ETFs like DIA, SPY or QQQ to see the real %.-

I suspect 10% down.
 
IronWing

IronWing

No Lifer
Jul 20, 2001
72,828
33,858
136
I don't see the Fed rate cut as doing much of anything as the cost of borrowing isn't the issue. The Fed buying a bunch of bonds might free up some funds for large investors to plow back into the market when it bottoms out. I don't see how this helps anyone but the ultra-rich.
 
J

jpiniero

Lifer
Oct 1, 2010
16,819
7,259
136
IronWing said:
I don't see the Fed rate cut as doing much of anything as the cost of borrowing isn't the issue. The Fed buying a bunch of bonds might free up some funds for large investors to plow back into the market when it bottoms out. I don't see how this helps anyone but the ultra-rich.
Click to expand...

I think in order to accelerate the QE they needed to cut to zero.
 
FelixDeCat

FelixDeCat

Lifer
Aug 4, 2000
31,000
2,680
126
IronWing said:
I don't see the Fed rate cut as doing much of anything as the cost of borrowing isn't the issue. The Fed buying a bunch of bonds might free up some funds for large investors to plow back into the market when it bottoms out. I don't see how this helps anyone but the ultra-rich.
Click to expand...

There is such a thing as "diminishing return". Buying bonds at all time historic highs wont do Jack Sh*t anymore. We need to think outside the box this time.
 
brianmanahan

brianmanahan

Lifer
Sep 2, 2006
24,624
6,011
136
s0me0nesmind1 said:
Where do you see that indication? (not doubting you - just legit don't know where you get that kind of information this ahead of time).
Click to expand...

no real indication, i'm just wildly speculating and kind of freaking out

i should stop looking at this junk and go watch some TV
 
JEDI

JEDI

Lifer
Sep 25, 2001
29,391
2,738
126
the current problem is a biological one. ie: pandemic
throwing cheap money at it wont fix it
 
S

s0me0nesmind1

Lifer
Nov 8, 2012
20,842
4,785
146
JEDI said:
the current problem is a biological one. ie: pandemic
throwing cheap money at it wont fix it
Click to expand...

Well, it's not going to help the businesses - that's for sure.

Unless butts are in chairs at restaurants/bars - or people are walking around stores, it's useless to try and "help" businesses.

Ultimately since people aren't working, losing pay, etc... the key to getting back on our feet is putting more money into the pockets of dumb consumers so it burns a hole in their pocket and they spend it.
 
IronWing

IronWing

No Lifer
Jul 20, 2001
72,828
33,858
136
s0me0nesmind1 said:
the key to getting back on our feet is putting more money into the pockets of dumb consumers so it burns a hole in their pocket and they spend it.
Click to expand...
At ~0% interest on savings, I'm getting to the "WhyTF not?" point. As I mentioned earlier, I make more money in CC rewards than I do on savings.
 
S

s0me0nesmind1

Lifer
Nov 8, 2012
20,842
4,785
146
IronWing said:
At ~0% interest on savings, I'm getting to the "WhyTF not?" point. As I mentioned earlier, I make more money in CC rewards than I do on savings.
Click to expand...

This is why I opened a 2.00% CD right after they lowered the rates (the first time). At least I'll get something for a while =/

But yeah, it incentivizes (to a certain extent) shoveling money into the stock market, or even paying off your mortgage. At least you get something out of it.
 
ponyo

ponyo

Lifer
Feb 14, 2002
19,688
2,811
126
We're headed to negative interest rate. You will have to pay the banks to keep your cash in the bank.

My head is spinning. I don't know what to think anymore. This could end up being Great Depression 2.0.
 
JEDI

JEDI

Lifer
Sep 25, 2001
29,391
2,738
126
cdc now recommends no public gatherings of 50+ people for 8 weeks!

oh yeah the economy is going to tank.

edit:
china might recover next month but so what? no one is buying.
Europe and US is on lock down mode. no one is going to the stores.

great time to have shorted the market on Fri's close.
 
Last edited:
D

[DHT]Osiris

Lifer
Dec 15, 2015
17,368
16,641
146
Svnla said:
Tesla has bigger market capitalization than Boeing as of Friday.
Click to expand...
Not surprised, one is an overvalued player of a niche industry, built upon the hopes and intentions of a small number of vocal investors. The other makes electric vehicles.
 
brianmanahan

brianmanahan

Lifer
Sep 2, 2006
24,624
6,011
136
ponyo said:
We're headed to negative interest rate. You will have to pay the banks to keep your cash in the bank.

My head is spinning. I don't know what to think anymore. This could end up being Great Depression 2.0.
Click to expand...

usually situations end up somewhere between the worst case and the best case
 
FelixDeCat

FelixDeCat

Lifer
Aug 4, 2000
31,000
2,680
126
SPCE exercising all warrants. They are going to dilute shares in the middle of a market crash. Wonderful.

I bought 1,000 shares on Friday after covering my short puts, then sold $13 calls that also expired Friday. They took my shares on Saturday. The last price for SPCE was $14.50.. I think we see sub $10 next week!
 
cytg111

cytg111

Lifer
Mar 17, 2008
26,162
15,586
136
FelixDeCat said:
SPCE exercising all warrants. They are going to dilute shares in the middle of a market crash. Wonderful.

I bought 1,000 shares on Friday after covering my short puts, then sold $13 calls that also expired Friday. They took my shares on Saturday. The last price for SPCE was $14.50.. I think we see sub $10 next week!
Click to expand...

Damn .. I am looking to pick up SPCE, almost did, glad I didnt... yet :).
Also, Europe == red red red red.
:(.
 
S

s0me0nesmind1

Lifer
Nov 8, 2012
20,842
4,785
146
China should start being buddy buddy with us if they want us to recover and buy their shit heh. Being attached at the hip isn't so sound now eh?
 
S

s0me0nesmind1

Lifer
Nov 8, 2012
20,842
4,785
146
JEDI said:
cdc now recommends no public gatherings of 50+ people for 8 weeks!

oh yeah the economy is going to tank.

edit:
china might recover next month but so what? no one is buying.
Europe and US is on lock down mode. no one is going to the stores.

great time to have shorted the market on Fri's close.
Click to expand...

If that's true... and the CDC is recommending no one to gather for 8 FULL weeks.... Then this ride has just started and were no where near rock bottom.
 
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