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...
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...
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
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.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
s&p futures are basically in tire fire mode.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
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?
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
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.
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.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
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...
https://twitter.com/twt/status/1236832848214188033
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.
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