Dow?

NEW -> Contingent Buyer Assistance Program
Unemployment could surprise to the upside.  Regardless, we haven't yet seen the data that reflects actual economic conditions from the virus.  We've been shut down for all of a week and a half.

It does seem the impact to jobs isn't as bad as feared, though still unprecedented.  Cooks are still employed but not the waiters.  And I'm not sure where I'm going to get my next haircut. 
 
took some profits today on airline calls that popped over the past 2 days and dropped into spx puts that went up 40% before close today.  you got any more room on that wave, morekaos?  >:D
 
It?s douches like Ackman that screw up the average investor. This guy shot off his mouth on the 18th. Tanked the markets after he had established a massive short position. Then covered, pocketed 3 billion that he promptly put into the exact stocks he highlighted as in trouble. That is market manipulation and those the listened to him should be embarrassed.

Bill Ackman warned ?hell is coming? because of virus: He then pocketed $2B in bets against markets

Bill Ackman turned a net profit of more than $2 billion on Monday after he sold his bets against the market less than one week after warning CNBC that ?hell is coming?
He then used those proceeds to wager that existing Pershing bets, including hotel operator Hilton Worldwide, would rebound.
The Ackman about-face came less than one week after he told CNBC that the United States was in jeopardy unless the White House closed the country.
That he added to his Hilton position using the money he earned from his bets against the market is notable after saying the stock could be headed to zero.
[url]https://www.cnbc.com/2020/03/25/bill-ackman-exits-market-hedges-uses-2-billion-he-made-to-buy-more-stocks-including-hilton.html?[/url]
 
It?s an amazing practice I?ve seen over and over and not sure how the SEC let?s them to continue to get away with it. Not sure how to police it though.
 
If that was Jared kushner they would already be displaying his head on a pike but Ackman is an activist lefty Dem so he will get away with his crime.
 
There is nothing wrong being short the markets. I had a substantial s an p put leap on that blew up.  What Ackman did was put the position on and then influence the market to his positions advantage... that is market manipulation. He should be investigated.
 
exiting all my call positions tomorrow which have been fantastic this week with the stimulus (relief) on everyone's mind.  will be looking to get into puts same day after the house passes the bill and assuming we'll be seeing only bad news over the next few months (poor earnings, massive unemployment claims, deaths) until we get a cure/treatment approved or the virus runs its course.
 
I setup a bunch of limit orders on SPY today, from 240 to 200.

Every time it drops $5 I take a small bite.  240-235-230-225-220-etc.

Now I can stop watching the market and go back to watching Korean Drama.

fe7f837f7a704cfc9cd6a3ecb881bca5.jpeg
 
Mety said:
Liar Loan said:
Mety said:
eyephone said:
Mety said:
Compressed-Village said:
Mety said:
Mety said:
Do you(have you) guys actually make(made) a lot of money from stock?
Click to expand...

I guess no one really did...
Click to expand...


Made money with FB IPO, bought at 38, then it dipped soon after. Held for 6 months then sold all at 58. I thought it gonna go back below ipo price after I sold. Once they figured how to make money from advertising, FB took off but I never look back.
Click to expand...

Thanks for answering.

I guess people most likely get even or end up losing. So why even bother doing this game?
Click to expand...

Not really a true statement Mety. (Look at the historical avg) But you can blame the virus.
Click to expand...

I don't do stocks at all. I don't know anything when you guys talk about all those numbers. Am I missing out opportunities of becoming more rich? Well, I'm still alive and able to feed our family eat every meal fine.
Click to expand...

What do you invest your savings in?
Click to expand...
Savings account, 401k, and our home which I guess could be an investment in a way. But nothing like stocks or huge investments like you guys.

I actually have much respect for people who make good returns from stocks, but I just don?t see myself making good decisions on them and making money fast like that. I personally think more I think about money less happier I get so I try to live a simple life. But that?s just me.
Click to expand...

Many scientists and experts said it came from China. Even China acknowledged it started from China on Twitter.

Why spread a rumor that it did not start from China?
 
NO!


Why?


Because the mess is needed to be sort out. You got all this panic temper, then you will have to implement the fixes. The decoupling and supplies chains will be rewired. Moving away from China and rewire will causes more disruption, but that?s good. It also means much more expected volatility and the bottom will be retested. The virus is still rampant. We still have states not following cdc guidelines, for God sake?s.
 
It seems like the bottom was in when the Dow was down to 18.6k on 3/23. It?s hard to see it going  back down to that 18k level with the Covid numbers plateuing. I suppose if a second wave of infections comes back we may go down again but if some of the treatments in clinical trials perform well it may be less of an issue.

So my guess is the Dow trades between 22k and 25k which is 15% down to 25% down from the high of 29.5k. I don?t think we get down to 18.6k again which was a decrease of about 37-38% from the high of 29.5k
 
When earnings come out, companies go bankrupt, Real Estate taking a dive, I predict companies will not have enough money to pay the interest on loans or bonds.

This is just the tip. It is hard to predict anything.
Our lives will be change forever unless there is a vaccine. There is no end game. The fear of covid and the economic uncertainty will be there.

Real Estate (mortgage forbearance or late rent payment). People still have to pay it back. I think that will be a problem for some.
 
You must log in or register to reply here.
Back
Top