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

Page 42 - Seeking answers? Join the AnandTech community: where nearly half-a-million members share solutions and discuss the latest tech.

njdevilsfan87

Platinum Member
Apr 19, 2007
2,327
249
106
If this starts strong out of the gate tomorrow morning I'll be entering an inverse ETF to hedge my bets.
 

JEDI

Lifer
Sep 25, 2001
30,160
3,300
126
after 3 up days, dow opens -800.

why do I get the feeling the massive gains over the past 3 days will be erased by next week?
 

woodman1999

Golden Member
Sep 19, 2003
1,690
104
106
Bought some SQQQ today for a very short term play. Like JEDI said above, the gains will be gone by next week so I am hoping to make a little in the short run.
 

JEDI

Lifer
Sep 25, 2001
30,160
3,300
126
I bought SQQQ at 21, probably retest lows on market before we go back up.
got out of oil.
tooooooooo risky right now to hold over the weekend with the April 1 cliff coming up next week.
who knows if Russia/Saudi will blink over the weekend and start talking deal.

or Trump decides to put heavy tariffs on both Saudi and Russia oil.

in for 6figures of sqqq at $21.

edit:
of course 5min after i buy the price drops to $20.70 :(
 

FelixDeCat

Lifer
Aug 4, 2000
29,099
2,014
126
got out of oil.
tooooooooo risky right now to hold over the weekend with the April 1 cliff coming up next week.
who knows if Russia/Saudi will blink over the weekend and start talking deal.

or Trump decides to put heavy tariffs on both Saudi and Russia oil.

in for 6figures of sqqq at $21.

edit:
of course 5min after i buy the price drops to $20.70 :(

Thank goodness for last minute selloffs! I bought some calls, now have 700 shares and 5 calls.
 

JEDI

Lifer
Sep 25, 2001
30,160
3,300
126
got out of oil.
tooooooooo risky right now to hold over the weekend with the April 1 cliff coming up next week.
who knows if Russia/Saudi will blink over the weekend and start talking deal.

or Trump decides to put heavy tariffs on both Saudi and Russia oil.

in for 6figures of sqqq at $21.

edit:
of course 5min after i buy the price drops to $20.70 :(
and Russia blinks.
after the close, they see new OPEC+ deal possible. :eek:
PHEW on dodging getting trapped with my triple short
 

JEDI

Lifer
Sep 25, 2001
30,160
3,300
126
$1200 stimulus check:
- If the last tax return you filed (2018 or 2019) exceeds $100k, you don't get any now.
but if your 2020 tax return is less than $100k, then you will get some/all of the tax credit when you file in 2021.

- If the last tax return you filed (2018/2019) is under $100k, you get all $1200 if it was under $75k (filing single) or part of it if between 75k and 100k.
if you made more than $100k in 2020, you don't have to pay it back when you file in 2021!

Sweet... free $1200 for me, and I don't have to pay it back for going over the limit because of all the $ I'm printing by playing the market in 2020! :D
(im assuming sqqq will go up huge this coming week.)
 
Last edited:

JEDI

Lifer
Sep 25, 2001
30,160
3,300
126
Musk is maximizing synergy from his SpaceX by launching satellites for high-speed anywhere Internet from space.
there's already 300 satellites in orbit. :eek:

he could start delivering internet to costumers this summer.

only time will tell if he will be successful or if it will turn out to be another Iridium. (satellite internet project from last century)
 
Last edited:
Nov 8, 2012
20,828
4,777
146
Musk is maximizing synergy from his SpaceX by launching satellites for high-speed anywhere Internet from space.
there's already 300 satellites in orbit. :eek:

he could start delivering internet to costumers this summer.

Oh believe me... I know this...

I had to see this laughable shit from hipsters on my Facebook feed lol.

1585437120676.png
 

FelixDeCat

Lifer
Aug 4, 2000
29,099
2,014
126
Going to be some bad times for everyone Im afraid..

Here are the stats from the bottom of the Great Depression -

Time period: August 1929 – March 1933
Duration (months): 43
Global GDP decline: -26.7%
Peak global unemployment: 24.9% (1933)

Morgan Stanley and Goldman Sachs has already predicted a GDP decline of 30%.

 

FelixDeCat

Lifer
Aug 4, 2000
29,099
2,014
126
Rumor that us shale producers talking to OPEC without saudi?

Somebody better talk. WTI Crude is on the cusp of breaking $20 barrel ... again.

You dont buy oil stocks during a huge recession, you avoid them. Pretend they dont exist, because before the year is out - a lot of them wont be in bidness anymore.
 
  • Like
Reactions: herm0016

JEDI

Lifer
Sep 25, 2001
30,160
3,300
126
Somebody better talk. WTI Crude is on the cusp of breaking $20 barrel ... again.
Saudi and Russia talks went nowhere this weekend.
still, I'm glad I got out of oil on fri. risk/reward wasn't there to carry the short to mon.

lets hope our bet on sqqq pays off b4 I get stopped out at $19.50
 

FelixDeCat

Lifer
Aug 4, 2000
29,099
2,014
126
Saudi and Russia talks went nowhere this weekend.
still, I'm glad I got out of oil on fri. risk/reward wasn't there to carry the short to mon.

lets hope our bet on sqqq pays off b4 I get stopped out at $19.50

I was starting to have doubts and sold them 10 mins before the after hours market closed at 7PM for $21.81.

I still have my April $32 calls for $1.60 - last trade was $2.10, up 28%.
 

woodman1999

Golden Member
Sep 19, 2003
1,690
104
106
Hanging on to my sqqq at 20.90. Being as it was my first attempt at short term trading, I am hoping to be out by Wednesday at some type of gain.
 

KB

Diamond Member
Nov 8, 1999
5,394
383
126
Going to be some bad times for everyone Im afraid..

Here are the stats from the bottom of the Great Depression -

Time period: August 1929 – March 1933
Duration (months): 43
Global GDP decline: -26.7%
Peak global unemployment: 24.9% (1933)

Morgan Stanley and Goldman Sachs has already predicted a GDP decline of 30%.



I think this will be bad, but this is no great depression, even though the short-term GDP decline might be worse. We are no longer on the gold standard which means we can increase the money supply as the Fed sees fit. The Fed is also increasing liquidity to banks, while in the great depression they made it worse by cutting it. We are already getting stimulus bills, something that took years during the great depression.

The great depression was also made worse by a trade war, which sadly we do have with China, but it was nothing like the Smoot-Hawley tariff act of 1930.