absolute king move.
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absolute king move.
im not going to lie, the more i read about hydroxychloroquine, the more tempted i am to start making dotm spy calls..
S&p futures down 4-5%.
If this holds I will have to go back to all cash tomorrow. Don’t think I can HODL another day.
Got blood in my stool
I don’t think enough people heard Trump’s presser. That it.
I always thought you’d look good as a blondeQuote:
Originally Posted by sonatine
took a pork butt out of the freezer
weather gets nicer here in LA in a day or 2 and that thing is going on the smoker
Quote:
Originally Posted by TellafriendQuote:
Originally Posted by simpdog
you gave them the playbook but they didn't pick it up. I did. traded this 3x today and held in the last 15 min.
SPXU PROSHARES TRUST PROSHARES ULTRAPRO SHORT S&P500
Quote:
Originally Posted by Tellafriend
guy is an absolute boss
Humpty Dumpty was pushed
ive been thinking about that weird rant trump went on today where he described the last 3 years of economic development as a cushion between us and ruin and so help me christ its maybe the only thing hes ever said that was true.
Quote:
Originally Posted by sonatine
It bought you a few 1000 point days to covers the time our rudderless and ineffectual government screws around.
The debt crisis is here waiting.
If you are a company with less than sterling credit like tgull you’re just plan out of luck. This is truly and well fucked
San set the alarm early tomorrow AM or just don't bother sleeping.
It's going to be a bumpy ride tomorrow. BUCKLE UP as the kids used to say on here.
I'm hoping for a circuit breaker down to start, I'll sell my shit for ~20-22% profit over 2 business days and then we'll focus on working that market up as the deal passes around 1pm. By 3pm you'll be in the green too, and before close we can all buy some puts/bear etfs to keep us profiting the rest of the week.
How's that sound?
to those doubting my spy = 160 prediction, i just stumbled across this:
https://www.bloomberg.com/news/artic...-subprime-cdos
' fed / central bank meddling = etfs suffer from the same instability as the cdos did '
- m. burry, in so many words
Drilling fresh lows 18,000’ishQuote:
Originally Posted by simpdog
The cynical wisdom is that when the US.gov finally acts it’s usually the bottom. Never exactly bold, decisive and ahead of the curve.
I think the delay ruins the effectiveness. That’s not much insight but it’s fact.
Oil in the teens in 48 hours?
Unbelievable.
The propogation delay in the start of unemployment benefits ..... the gig/restaurant/self-employed contractors who get zilch $ for food. Working people have no money.
Nation of 350 million guns. Thin veneer of civility. .gov failed them. I dare you to give bailouts to Wall Street without the National Guard
Trump today - and I saw it real time - it’s a vacuum.
BABA, BIDU, MU Etc etc. If Charlie Munger likes it.
Poor Charlie’s Almamack
Warren Buffet read it.
There are folks who HODL’ed this all the way down. Prolly most folks.
cheers to totally authentic recovery of market american comrade humans.
the fed has absolutely no cards left to play.
id absolutely love to know how much money that little fireworks display actually cost.
From my morning E*Trade email:
Dire warning
"The market for commercial real estate mortgage loans in the U.S. stands on the brink of collapse," according to Colony Capital (NYSE:CLNY) Chairman Tom Barrack, with banks, mortgage REITs and other non-bank lenders now "at a precarious juncture." A meltdown of this magnitude "would have catastrophic follow-on effects across the American economy" if lenders and the government don't take prompt action. Echoes of '08? Mortgage bond sales on Sunday included at least $1.25B of securities by (Morningstar's five-star rated) AlphaCentric Income Opportunities Fund, which lost more than 30% of its value last week (the fund's lead portfolio manager is a 20-year Lehman Brothers structured finance veteran).
Go deeper: 'From Bad To Worse For REITs' by Hoya Capital Real Estate.
Finding a bottom?
The difference between a fast or a prolonged recovery in the stock market will come down to three factors: How quickly the virus is contained, whether businesses will have "access to enough capital and liquidity to last the 90 to 180 days," and whether fiscal stimulus can stabilize growth forecasts, according to David Kostin, chief U.S. equity strategist at Goldman Sachs. With that being said, Goldman forecasts the S&P 500 could be in for a 41% fall from peak to trough, Bank of America believes the selloff might not ease until the index tumbles 47%, while Credit Suisse estimates the benchmark could be in for a 35% drop overall.
Go deeper: Negative sentiment ahead of earnings season.
U.S. unemployment may surge to 30%
As the U.S. grapples with the coronavirus pandemic, St. Louis Fed President James Bullard expects an unprecedented 50% plunge in GDP and sees the unemployment rate hitting 30% in the coming months. If the projection proves to be true, unemployment would be worse than it was during the Great Depression and three times worse than the global financial crisis. "Everything is on the table," he said, referring to additional lending programs from the Fed. "There is probably much more in the months ahead depending on where Congress wants to go."
Marrone Bio Innovations Inc. shares climbed in premarket trading Monday morning after the company announced that a disinfectant it makes has received government approval.
The Davis, Calif. chemicals company's stock rose nearly 20% after the Environmental Protection Agency approved its Jet-Oxide sanitizer for industrial use. The EPA approved the product for sanitizing food and surfaces following tests showing its effectiveness against a human coronavirus.
Marrone said that the product could help destroy coronaviruses on food and food manufacturing equipment, where they can linger and infect people.
out of respect to lol wow i'll dip a toe.
https://www.cnbc.com/2020/03/22/stoc...lose-news.html
So is an open ended asset purchase program pretty much like a blank check written by the central bank until the markets stabilize?
yeah its just a massive QE program that no one can who cant trade before 9:30am ever gets any benefit from.
Quote:
Originally Posted by SanlmarOld chart. Rosetta StoneQuote:
Originally Posted by Sanlmar
Finished right at Weds lows. 19,200. Sounds soooooo stupid but I think we have seen a low set in. World markets all seem to have bottomed.
I bought a little as a degen, opposite, trust the chart pick. Government action is usually late and a sign of a bottom too.
What could go wrong?
Ridicule me on Monday
I am a donk and a luckbox.
Still believe that 19200 Dow shit a little.
Quote:
Originally Posted by sonatine
Quote:
Originally Posted by Sanlmar
Nothing has changed.
Oops
Sold for a 12% total gain this am.
The fed screwed me over and I’m scared that a deal gets announced and things go green.
Was the fed following directions from your fearless leader? Seems like a stupid idea Trump would suggest.
That was the kinkiest open imaginable
Now all the support is fucked. We must explore fresh lows
Good game. 15-16000?
Sonatine 160’s in the money?
No We are gonna go on a run.
This disconnect between Fed and Market will be fixed.
What a chart
Filters Out the emotion.
Fed going to help small biz unlike 2008
We are gonna rip and run
Unlimited Fed / Unlimited Fiscal with senate
Hard assets are gonna rip and run. Printing money is inflationary. We are talking UNLIMITED
GOOD LUCK.
i still believe in the fundamentals and believe they will keep my puts green but im definitely a romantic.
I say this with as much respect as I can muster.Quote:
Originally Posted by sonatine
Fundamentals sounds like Professor Mumbles
Think poker with it’s angle shooting and cheating
Zoom at 157. Out. Its a beautiful thing. Up 560 since Wed on this stock. Delizioso
This was a scalp play for sickos before.Quote:
Originally Posted by OSA
Look at ticker ZOOM.
MIllemial noobs bought wrong stock while eating fake hamburgers —-> $60. —-> $20
They say the platform runs smooth as silk.
Quote:
Originally Posted by SanlmarThis was a scalp play for sickos before.Quote:
Originally Posted by OSA
Look at ticker ZOOM.
MIllemial noobs bought wrong stock while eating fake hamburgers —-> $60. —-> $20
They say the platform runs smooth as silk.
I hear Citrix is their competition but missed their spike last week. Another company to look at is Canvas, dont think they are public yet.
Quote:
Originally Posted by SanlmarI say this with as much respect as I can muster.Quote:
Originally Posted by sonatine
Fundamentals sounds like Professor Mumbles
Think poker with it’s angle shooting and cheating
I took down the profit and should have held strong.
This is going to get nasty if the deal doesn't go through later today.
Quote:
Originally Posted by simpdog
The longer they wait the more damage is done to patterns.
That presumes the action will be beneficial. That’s NOT a given.
It’s all just an experiment.
You and tine are doing better than me. Trying to get cute and sometimes bad is just bad.
Over the last 5-7 years I was betting on black. The wheel was tilted in my favor. Weed stocks, tesla, etc. all went up.Quote:
Originally Posted by SanlmarQuote:
Originally Posted by simpdog
The longer they wait the more damage is done to patterns.
That presumes the action will be beneficial. That’s NOT a given.
It’s all just an experiment.
You and tine are doing better than me. Trying to get cute and sometimes bad is just bad.
The last month has been opposite the wheel is tilted back towards red. Whatever I do is just blind monkey bets, but with the assumption we're going down.
I still haven't recovered to my peak when weed stocks were out of control. There are some thorns on the rose bush over here and it will take a while to get back to peak.
Quote:
Originally Posted by SanlmarThis was a scalp play for sickos before.Quote:
Originally Posted by OSA
Look at ticker ZOOM.
MIllemial noobs bought wrong stock while eating fake hamburgers —-> $60. —-> $20
They say the platform runs smooth as silk.
Jumped back in at 161, cause why not?
Have to make up TVIX losses somehow I guessQuote:
Originally Posted by OSAQuote:
Originally Posted by Sanlmar
Jumped back in at 161, cause why not?
Cause people like Sanlmar will eat you for breakfast ...with moves like thatQuote:
Originally Posted by OSAQuote:
Originally Posted by Sanlmar
Jumped back in at 161, cause why not?