ELON MUSK IS GOD

[Daly]

I thought it kind of strange that Washington was going to pass an independent law to send ~1T to Americans.............


....... and now come to find out whatever passes is going to have 4T in it for corporations via the treasury and Fed.

I shouldn’t be surprised.

It's even worse than that. The Republicans want the checks they send out to individuals to be only an advance on the next year's tax refund. So if you get a check your next year's refund would be reduced by the same amount, or if you owe tax your bill would increase by the same amount. This is how it went when W mailed everyone a check in 02 or 03 I think it was. The money they're giving away to corporations will just be a fat ol' handout.

Hopefully the Democratic controlled House won't let this happen, but expect there to be some sort of compromise in the name of urgency, and expect it to be mostly in favor of the rich and the corporations.

I repeat: socialism for the rich, capitalism for the poor and working class. Privatize profit, socialize risks and losses. It's all a big fucking scam.

First I’ve heard of the advance on next year. Amazing if true..... smh

[GambleBotsChafedPenis]

might be a novel idea, but instead of saving the dogshit companies we pump billions of dollars into a company that gets us shit we need since they seem be doing a good job of it...let them flood the market with whatever PPE and the like we need...but that would be too, too easy...

https://news.3m.com/blog/3m-stories/...ocard-mar20-na

Since the initial COVID-19 outbreak, we’ve ramped up to maximum production levels of N95 respirators and doubled our global output to a rate of more than 1.1 billion per year, or nearly 100 million per month. In the United States we are producing 35 million respirators per month; of these, more than 90% are now designated for healthcare workers, with the remaining deployed to other industries also critical in this pandemic, including energy, food and pharmaceutical companies. As a global company, we also manufacture respirators in Europe, Asia and Latin America, and our products are being similarly deployed to support the COVID-19 response in those respective regions.

this statement is making it sound like that within a few months equipment is not really gonna be an issue...I mean if they churn out 105M respirators by june I think that would be sufficient to cover all medical needs even if this shit gets really, really bad...

[Daly]

“We can not let the cruise industry go out of business. It would take so little to help them and it’s a huge part of the Florida economy.” - DJT

[SPIT this]

“We can not let the cruise industry go out of business. It would take so little to help them and it’s a huge part of the Florida economy.” - DJT

The first round of bailouts should go to states where Trump has businesses.

[Baron Von Strucker]

senate vote on stimulus fails....

can oil get below medium two topping pizza level now?

tesla almost 425, it wasn't long ago when a bullish one step was contemplating the inevitable 1000 mark

[Walter Sobchak]

senate vote on stimulus fails....

can oil get below medium two topping pizza level now?

tesla almost 425, it wasn't long ago when a bullish one step was contemplating the inevitable 1000 mark

It failed because it does jack shit for workers and the poor. Democrats are going to force a tiny bit of help for them out of this, like maybe a little paid sick leave.

[Walter Sobchak]

“We can not let the cruise industry go out of business. It would take so little to help them and it’s a huge part of the Florida economy.” - DJT

The first round of bailouts should go to states where Trump has businesses.

He absolutely will try to push it toward his own interests and to redder areas.

Just in general, for corporate lobbyists, this is like Carnival, Studio 54 circa 1979, the World Cup, the Super Bowl and Christmas all rolled into one. They're literally jerking it to all the loopholes and giveaways they're creating.

[Daly]

Holy shit. If what I just read is anywhere near true (RE the phase 3 package) not only are they not close they are no where near close.

The proposed 1200 is a prepaid 2020 tax credit which will come due next April. It’s not free money it’s a one time payday loan.

The “real” part of the bill is a 400B slush fund that gets allocated to the Sec of the treasury. They don’t have to run any loans by anyone and Trump can decide to give it to whoever they want. Per the terms they don’t have to report on anyone who gets a loan for 6 months. It’s literaly a slush fund for corporations and Trump can do whatever the fuck he wants with it and not have to tell anyone what he’s doing with the cash.

Nothing is included to prohibit using the $$ for stock buybacks. There is a cap for executive bonuses at 200% of last year. So if you got a 5M bonus last year you could still get one for $10M if your company took a loan.

To put it bluntly there is a 0.000000000000000000000% chance the democrats will go for this. It’s a total and complete horse shit bill. It’s fucking DOA

[Sanlmar]

Sonatine was gonna buy SPY puts with his helicopter $ anyway.

[OSA]

So here's a company that I liked before all this nonsense. Viemed - they are a home provider of respiratory services including non invasive ventilation. They trade in Canada and on the Nasdaq - I don't Canadia, so this is the Nasdaq stock I am talking about. Stock is about 3 bucks and change today. I bought some at 2.80. It was trading at 5.50 a few weeks ago.

I also like Philips Healthcare. Huge telehealth provider and basically the market leader from a device standpoint. Stock is around 33 today and up around 10% today but 52 week high was 50 and change.

Two healthcare plays based on the corona virus. Enjoy.

VMD at 4.45

Phillips down today but up a few bucks since the original post

Trading @ 5.80 premarket. Nice

[GambleBotsChafedPenis]

gasoline $0.56/gallon...

cheaper than a big gulp...

[Sanlmar]

gasoline $0.56/gallon...

cheaper than a big gulp...

Real lives are getting destroyed. Working people and little banks.

But fucking LOL the Exxon (XOM) HODL’ers

Back to 1997 price


Oil is my real economy litmus test like copper etc. not good.

[GambleBotsChafedPenis]

gasoline $0.56/gallon...

cheaper than a big gulp...

Real lives are getting destroyed. Working people and little banks.

But fucking LOL the Exxon (XOM) HODL’ers

Back to 1997 price


Oil is my real economy litmus test like copper etc. not good.

yup I hear ya...trying to deconstruct why the price is where it is...ie what percentage is flatout liquidation and flight to cash and what is demand destruction...

guess it really doesn't matter...it's not good...

[Walter Sobchak]

Holy shit. If what I just read is anywhere near true (RE the phase 3 package) not only are they not close they are no where near close.

The proposed 1200 is a prepaid 2020 tax credit which will come due next April. It’s not free money it’s a one time payday loan.

The “real” part of the bill is a 400B slush fund that gets allocated to the Sec of the treasury. They don’t have to run any loans by anyone and Trump can decide to give it to whoever they want. Per the terms they don’t have to report on anyone who gets a loan for 6 months. It’s literaly a slush fund for corporations and Trump can do whatever the fuck he wants with it and not have to tell anyone what he’s doing with the cash.

Nothing is included to prohibit using the $$ for stock buybacks. There is a cap for executive bonuses at 200% of last year. So if you got a 5M bonus last year you could still get one for $10M if your company took a loan.

To put it bluntly there is a 0.000000000000000000000% chance the democrats will go for this. It’s a total and complete horse shit bill. It’s fucking DOA

Told ya! SMH

It's a stunt to even bring this bill up. There are currently only 48 Republicans in the Senate due to quarantines and a few confirmed cases. How will they ever get to 60? How will they get it through the House?

Fortunately the Fed is there but the Fed can't do it all. Congress needs to do its part.

Oh BTW, states are in a bidding war for medical supplies. "We're not a shipping clerk for the states." --Trump

[Sanlmar]

Real lives are getting destroyed. Working people and little banks.

But fucking LOL the Exxon (XOM) HODL’ers

Back to 1997 price


Oil is my real economy litmus test like copper etc. not good.

yup I hear ya...trying to deconstruct why the price is where it is...ie what percentage is flatout liquidation and flight to cash and what is demand destruction...

guess it really doesn't matter...it's not good...

I wrote I saw reports that argued $10 oil a couple weeks ago

This guy Ed Morse from Citi making a case for negative oil.

We need to expand our mind.


Folks giving up on Senate. That’s prolly correct. Fucking ‘Merica gunmint

Someone texted me..... “Trump was an hour and a half late yesterday. If he was that late during a trading day you would have seen a breaker down”

Late is NEVER good news. Clowns

[GambleBotsChafedPenis]

yup I hear ya...trying to deconstruct why the price is where it is...ie what percentage is flatout liquidation and flight to cash and what is demand destruction...

guess it really doesn't matter...it's not good...

I wrote I saw reports that argued $10 oil a couple weeks ago

This guy Ed Morse from Citi making a case for negative oil.

We need to expand our mind.


Folks giving up on Senate. That’s prolly correct. Fucking ‘Merica gunmint

Someone texted me..... “Trump was an hour and a half late yesterday. If he was that late during a trading day you would have seen a breaker down”

Late is NEVER good news. Clowns

yup...we're in a crisis and they'd rather fuck around and put up non-starters so there can be posturing, etc., etc...

the lack of leadership in the gobment is embarrassing, but if you are surprised then I don't know what to tell you...

probably doesn't belong here, but saw this yesterday...gotta love the military...no bullshit...gimmie the raw materials and the locale and we will get it done yesterday...no bullshit...expediency...this is leadership...refreshing to say the least...

Embedded Tweet

https://twitter.com/twt/status/1241185656094801923

[WillieMcFML]

we need hourly updates, OSA

hows that RH account looking?

[OSA]

we need hourly updates, OSA

hows that RH account looking?

Why? You looking to invest in OSA Fucks 2020 ETF?

[GambleBotsChafedPenis]

gasoline trades $0.46/gallon, but has since recovered...

[SPIT this]

Congress considering letting people withdraw $100k from their 401k without penalty. Translation: people are going to liquidate their 401k and drive stocks down further.

https://www.cnbc.com/2020/03/23/cong...your-401k.html