Quote:
Originally Posted by OSA
Most people on ship work on 6 month contracts. So yeah they will “sit around” and clean the ship or paint or do whatever needs to be done.
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Quote:
Originally Posted by OSA
Most people on ship work on 6 month contracts. So yeah they will “sit around” and clean the ship or paint or do whatever needs to be done.
Quote:
Originally Posted by DalyQuote:
Originally Posted by OSA
Most people on ship work on 6 month contracts. So yeah they will “sit around” and clean the ship or paint or do whatever needs to be done.
Bet there's gonna be a lot of fucking
IMO there is an implicit put on airline stocks...however you want to define them, quasi-government entity, quasi-utility, etc...meaning the gobment will step in and stop them from going bankrupt because we can't function without them...Quote:
Originally Posted by sonatine
I was looking at the UALs, LUVs, JBLUs of the world just for context...it can get a whole lot fucking worse from here...there will definitely be a chance to buy, but at this point it's probably like catching a falling knife...these next quarter earnings are gonna be fucking bad...
Quote:
Originally Posted by GambleBotsChafedPenisIMO there is an implicit put on airline stocks...however you want to define them, quasi-government entity, quasi-utility, etc...meaning the gobment will step in and stop them from going bankrupt because we can't function without them...Quote:
Originally Posted by sonatine
I was looking at the UALs, LUVs, JBLUs of the world just for context...it can get a whole lot fucking worse from here...there will definitely be a chance to buy, but at this point it's probably like catching a falling knife...these next quarter earnings are gonna be fucking bad...
90% of my entire options profile are airline / cruise puts.
the rest = spy puts.
also ive been so obsessed with targetting airlines that do international flights that i havent even considered how much meat is left on the bones of domestics.
time to rebalance.
s&p futures are basically in tire fire mode.
oil down 27% means there will be some people involved with the energy sector offing themselves tonight
free gas + mortgages that pay you = do we even really need bernie?
Quote:
Originally Posted by sonatine
The man has a point
oh man, anybody for some major oil opening down 10-15% tomorrow?Quote:
Originally Posted by Krypt
Quote:
Originally Posted by Sanlmar
I’ve been saying we are fucked for so long now I’ve missed the biggest bull Market In history. What’s the adage about the market remaining irrational longer than I can remain solvent?! Anyway, best answer I’ve come to is that everyone else is fucked worse than us; so the whole best in class nonsense.
It's going to be a blood bath tomorrow. Likely an airline or someone going bankrupt. The oil hedge will have massive margin calls for some people and likely will lead to massive short squeeze and liquidation of major corporations. I'd guess British Airways or any company that main expense is oil, who would go long futures.
Will be way worse for those that own futures. An unrealized unbalanced hedge that goes against you 30% is much worse than being long via production.Quote:
Originally Posted by Krypt
Quote:
Originally Posted by monsterj
The real problem is the computers and charts are in control. We are through so many moving averages and other medium to longer term indicators that the market has to test lows. We have done nothing but go straight up for 12 years we are badly exposed and frankly have no idea where the bottoms are.
I’ll be selling things I never thought I’d sell this week for sure. I feel comfortable saying things will be cheaper in 6-9 months than now. Crazy thing is you really can’t short it all now either because at any time the Fed can step and and take us to 0% and drop 1T into the market.
spy closed at 297, bought 3 march 13 280 put contracts before the bell.
currently trading at ... 282 and dropping.
every dollar in the crude futures is worth $1000 per contract...
gonna guess there are some guys out there sitting on gains where they can just kick their feet up and take a nice 9 month vacation...and other guys who have nuked themselves into oblivion...
but maybe not on that second part...if you are naked long in size in this environment into a weekend without some sorta protection you probably never made it very far in trading...
im reading we tripped limit down in SP futures? is that true?
looks like indeed that is the case...we be done going down for the night...
Reminds me of that time Sonatine’s bicep tendon ripped clean from the bone cause he wouldn’t stop juicin
His solution was more roids
Can’t talk to the guy, I swear
Somebody please explain to me how you run a $25t debt with 0% treasuries. Cause I’d like to know.
Europe’s negative.Quote:
Originally Posted by Sanlmar
But when the Jews that run wall street are ready to tank it further, that will be the narrative, along w all the unfunded entitlements.
How does an airline lose half its value in two weeks in anticipation of a couple of slow quarters?
It’s all a Mirage.
im sure robinhood will be rock solid tomorrow guys.
Quote:
Originally Posted by sonatine
Lol 1step. I got to find that it’s the end of the bull market is nigh post I made in response to him about two weeks ago for the lullz.
an absolute gem of a vid, please watch:
https://www.youtube.com/watch?featur...&v=PTUY16CkS-k
some hearty soul decided to buy futures off of lock limit...
Quote:
Originally Posted by TellafriendQuote:
Originally Posted by sonatine
Lol 1step. I got to find that it’s the end of the bull market is nigh post I made in response to him about two weeks ago for the lullz.
Please dont give me grief here. I cant take it on a Monday morning along with work stress. Im still HODL on AMZN/GOOG/MSFT/BA..
probably should post this for posterity sake:
might get a 25% discount on XOM at this rate...
you are conflicted as fuck or your just another assQuote:
Originally Posted by sonatine
btw just have to say for the record
BCR is crazy evil...no good. Just weird and
awful
Just one of these racist dogs that tries to work
both sides of the line. Just fucking come out
why don't ya? You're as transparent as
nightmarefish on a bad day
Oil is amazing. What a gap down. What a story. I’m sure Biden’s son is responsible.) Loose agro Saudi’s playing unpredictable cards. You almost forget Corona. The banking exposure lending to anyone in that biz. Post that chart GBCP. WTI.
I see people playing ET and prayers for all them
USD (currency) & Oil both weak. You don’t usually see both down. Yen is cratering.
What USD telegraphs to me is that Fed is just about to get involved. My view is that Fed actions are art not science. Experiment
There is nothing good anywhere. This is really really 2008 grade bad. Now I’m hooked.
Corona will take the money and return the next day for more.Quote:
Originally Posted by sonatine
The next few days could be the undoing of the Fed and Trump.
The SPY death cross sure looks possible. All kinds of canned algos get sprung on those occasions. The smart guys will try to anticipate that event and get in ahead
This has been 12 years in the making.
Let’s see if we get lucky.
when i said spy was going to hit 160 by june i wasnt joking.
also we were in a huge compression phase for the last 2 weeks, we will likely hit 250 by friday.
You will be tested. Oddly you need the occasional buyers and nibblers to sacrifice themselves to get there.Quote:
Originally Posted by sonatine
If I were to spitball a time frame - we are looking end of March for the 50 day to cross the 200 day.
I wouldn’t trade that but rather just have it lurk in my subconscious as a possible outcome. The action will confirm
It could turn out to be a very healthy thing in longer time frames. A cleansing. Death crosses have happened before
just have CL and BZ, san no WTI...Quote:
Originally Posted by Sanlmar
errrrbody rushed into gold earlier and then just puked it out...
I still remember '08 vividly...the bluest of the blue chips are about to have a nice fat sale...gonna be fun to pick the most boring companies in the world at 4-10% yields...
we've discussed the response to '08 ad nasuem...had to happen or the world would have ended...but then when we were brought back from the brink why the fuck didn't somebody say, 'might wanna normalize shit' instead of going into full retard mode with this garbage...I get that this bubble started under W, popped under Obama, was fixed, then reflated and then some under both Obama and trump...I hate bringing politics into this because then it becomes a 'this side is fucked up', 'no that side is fucked up' back and forth...there's no adult in the room like Paulson to say, 'hey fucktards, keep this shit up and we're headed towards the end of the world'...say what you want about the deal he brokered in '08, but he sobered some motherfuckers up really quickly...would be nice to have that voice right about now...actually strike that, would be nice to have had that voice a few years back...
I don’t think a single human disagrees with this take.Quote:
Originally Posted by GambleBotsChafedPenisjust have CL and BZ, san no WTI...Quote:
Originally Posted by Sanlmar
errrrbody rushed into gold earlier and then just puked it out...
I still remember '08 vividly...the bluest of the blue chips are about to have a nice fat sale...gonna be fun to pick the most boring companies in the world at 4-10% yields...
we've discussed the response to '08 ad nasuem...had to happen or the world would have ended...but then when we were brought back from the brink why the fuck didn't somebody say, 'might wanna normalize shit' instead of going into full retard mode with this garbage...I get that this bubble started under W, popped under Obama, was fixed, then reflated and then some under both Obama and trump...I hate bringing politics into this because then it becomes a 'this side is fucked up', 'no that side is fucked up' back and forth...there's no adult in the room like Paulson to say, 'hey fucktards, keep this shit up and we're headed towards the end of the world'...say what you want about the deal he brokered in '08, but he sobered some motherfuckers up really quickly...would be nice to have that voice right about now...actually strike that, would be nice to have had that voice a few years back...
BCR talks about how pure Trump has run. Until now. Hopefully they nationalize Netflix and we still have electricity.
But seriously, I like utilities. Chip up on the blue chips as we do a rotation. Yield means little if you buy poorly.
truer words never spoken...not something to blow your load over in one go...after all this is over (whenever the fuck that is) and you have dry powder left over you probably did it right...a nibble here, a nibble there...never buy on an up day...chasing is for the suckers...Quote:
Originally Posted by SanlmarI don’t think a single human disagrees with this take.Quote:
Originally Posted by GambleBotsChafedPenis
BCR talks about how pure Trump has run. Until now. Hopefully they nationalize Netflix and we still have electricity.
But seriously, I like utilities. Chip up on the blue chips as we do a rotation. Yield means little if you buy poorly.
I really did want to bet trump to win for all the reasons BCR always lays out...first time I looked at it was last November, saw it at -130...talked to a buddy...he asked me if I had a book that could give him action...told him I didn't like having money tied up for that long and that at that price it didn't discount trump doing something insanely stupid to fuck it up...is this it? who knows...8 months is an eternity...
just flipped on Bloomberg for a quick minute...talk of a stimulus package...50bps wasn't enough, now we have this...guess if people are stupid enough to lend to us at 0.5% or less for 10 years, stimulus away...will be interesting to see how the market reacts when this is announced...if it's brushed off hold onto your asses boys cause we about to head to fuck city...
Can I get odds on a Trump tweet taking credit for the upcoming $1.50/gal gas that's coming?
TVIX up 75% in after hours. Sweet baby jesus, please let me sell when when market opens RH. Dont do this to me again
:popcorn
will be interesting to see what we get today...somebody is picking at the carcass of crude, so that's mildly encouraging that a full blast armageddon might not happen today...