Now you’re being irrational (number)
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and you guys thought this market going down shit was the new norm for 2020...
4% rally bitches!!
OH...
G7 leader has been moved into the ICU with corona...CHECK
quarantine still in effect in a decent swath of the country...CHECK
people losing jobs like it's a fucking bowel movement...CHECK
Q1/Q2 earnings (at minimum) would have to move up a couple of levels to be complete AIDS...CHECK
market rallies 6+% and has already tacked on another 2% as I type...amazing, just amazing...
dji +3000 by tomorrow market open.
Tesla Inc. (TSLA) will cut salaries and furlough non-essential workers at its U.S. facilities until they are able to reopen amid the coronavirus pandemic, the tech news site Protocol reported (https://www.protocol.com/tesla-furloughs- workers-factory-coronavirus) Tuesday night. According to an internal email obtained by Protocol, furloughs will begin Monday, with the goal of ending May 4 if factories reopen then as scheduled. Salaried employees will see temporary 10% pay cuts, while directors' pay will be cut 20% and executives at the level of vice president and above will see 30% cuts, Protocol reported. Tesla announced in late March (http://www.marketwatch.com/story/tes...wn-california- new-york-factories-amid-coronavirus-pandemic-2020-03-19) that it would temporarily shut its Fremont auto factory and Buffalo, N.Y. , solar-panel factory to limit the spread of COVID-19, and last week sharply scaled back operations at its Nevada gigafactory (https://www.theverge.com/2020/3/27/2...a-coronavirus- covid-19). The Buffalo plant may soon reopen to manufacture ventilator components (https://www.wgrz.com/article/news/ local/ tesla -making-ventilators-in-buffalo-new-york-state-leaders-say-thats-not-the-case-right-now/71-21118480-61a7-4f10- af53-830d84a29217).
you know the market is trading sideways when fuckin zoom shows no movement overnight/premarket.
Only 21.6% of hotel rooms in the United States were occupied last week, according to new data from hospitality analytics company STR.
At what point can we expect their stocks to fall?
@michaeljburry is going all tgull on the lockdown.
He’s the MD asperger from Michael Lewis book Big Short.
I guess we are obliged to read it.
Weeeeee
He actually sounds more like that DTHP guy, except all DTHP’s predictions were we’d have a vaccine by Valentine’s Day and the chance of getting it were same as hitting the lotto. So burry is better at math. But otherwise, he sounds like him almost exactly in many ways. Made me wonder if he reads that guys twitter and regurgitates it because it was similar in verbiage as far as comments on how to approach it in a societal sense. Even the same neck of woods geographically
Looks like a red open but maybe not. Futures were off 1.5% last night and are down to under .5
Tesla flying today.....
Was the printer turned on at 11:15ish today?
The noon crew on CNBC just pimped a year end S&P at 3600 and has said “the bottom
Is in” a half dozen times.
Wells Fargo talked about on CNBC
“Once in a lifetime opertunity in Value stocks”
New York Gov. Cuomo says ‘I believe the worst is over if we continue to be smart’ about coronavirus
https://www.cnbc.com/2020/04/13/coro...uomo-says.html
Since when are people smart about coronavirus?
The worst won't be over until Trump is no longer President.
After the Dow drop 1,000 points, CNBC will interview William Ackman again so it can fall another 2,000 points and people will start jumping from rooftops.
https://www.youtube.com/watch?v=pYJeL6yvYGk
Take a drink every time Ackman says "okay"
Netflix hit its 52 week high today. Amazon is almost there too.
Fuck bottoms.
AMD up —-> Chips up. —- market run to close or more
Banks acting up.... that could be a jam too
i straddled amazon OTM with 2c 2p @ 2130 4/17 and im up about 1600 so far, will be interesting to see what sort of horrors the overnight market brings.
whats interesting to me tho about amzn is that its acting quite predictable in terms of movement between RSI barriers but the its retaining quite a bit of its gains from the peaks on the way down.
lol as i type this the dow plummets 120 points in seconds and i lose $800 of that profit but sailors life etc.
edit; 2130 not 2030
Bought equal parts of DAL, MGM and BLMN near the bell. Betting on a S&P rise to 2900ish over the rest of the week before an eventual correction (61.2% retracement off the low).
Won’t be a long term hold unless this turns into a run to 3600 which I’m not optimistic about.
lazy monday night predictions:
AEO. +10% by friday
CHGG -5% tomorrow.
HXL +12% by wednesday.
SFBS +7% tomorrow.
dont put money on these or if you do, just treat it like a lotto ticket. this is just a placeholder to see if a technical analysis thing im playing with holds water.
I mean at this point why the fuck not...
:to
Va Va Vroom.... everyone leaning green. Nice.
I don’t even think we will get trick-fucked before 10:00am.
These are such bizarre times. What will it take to send a chill?
Another delayed grand opening? I do not see May 4.
A bankruptcy? I don’t see the Fed letting that happen anywhere. Literally.
Cause 16m unemployed made everyone yawn.
Distorted markets
what market?
and if you haven't watched this full interview, it is a must see. but here are the cliffs:
These idiots at CNBC need to stop promoting the myth that regular people have an investment in the stock market.
84% of all stock investments are made by the top 10% of wealthy people. That includes your IRA's, 401K's and other retirement accounts.
Here's that full interview...
https://www.youtube.com/watch?v=NvEWez59fbI
im curious who that post's intended audience is.
it seems like something for the shallow end thread, not the thread where people are doubling their bankrolls in 32 hours by making technical swing trades with options.