Investment BS Thread - Stocks/Futures/Mutual Funds/Bonds/Commodities/Options/ETFs/401ks/Etc

Do ittttt

 

Data is coming out show their "bounce back" and it's not what they hoped it would mean. It's just showing how big of an impact the virus had on their economy and the questionable steps they took to curb it. Hence the fast selloff this evening after about 6-7pm. The drop was fairly noticeable after futures being up 0.7% earlier that evening.

 

Agreed! I'm hedged with physical GLD & SLV

 

I'm also hedged with Lead. You have to be dirversified

 

Lol oh boy

 

what's wrong with Bham?

I have already paid for my 7 day mexico cruise and excursions, if i get sick so be it, I'm going April 19th..

7% sounds tempting.

My risk for yesterday was buying some Kohls

 

cant live life in fear

 

No worries at all from me. I'm very far from germaphobe

 

Markets = rekt

 

Hoping Jamie Dimon recovers. I have been hoping to see him run for POTUS on the R ticket. I've watched him get grilled with crazy questions, not afraid of saying it like it is!

 

Well I could help jumping on United and carnival stocks.

 

They are surging today. The airlines and cruise lines. That takes my plan off the table, I was counting on more sinking, we'll see I guess.

 

You don't live there, do you? I mean, the crime for one.. but it's just not as active there. And the culture is ... weird. Lol

 

Trailing stop set on UVXY in case the market decides to run. Oil and natgas both taking dumps.

 

how is this market climate shaping up to compare with the last time it did this crazy in Nov/Dec of '18

 

last time it was simply because of the trade war with a single country. Considering the amount of places totally shutting down, the implications on the global economy are significant.

 

I think this is more like 9/11. It's all based on uncertainty. After 9/11, people were scared of more bombs, war, scared to fly, etc. This is similar. This could blow over in a few months and be gone. But in the meantime, people are scared to fly, travel, are hoarding, etc.

 

Sitting here thinking about the dynamics of the last 40 years. Noticed all the travel businesses tanking dramatically.

Many vacation towns in my state have dried up. People no longer drive from Detroit to Houghton Lake for example.

With air travel so cheap, people no longer go "up north" with the family for vacation. They get on a plane and the same amount of time and money can be 1000's of miles away.

If this thing goes "viral" (heh, heh), could we see people returning to the car vacations that we knew as a kid?

No one is going to get on a plane with 200+potential carriers. They will get in the car with the wife and 3 kiddo's.

Sorry to interrupt, just something that popped into my head.

 

oof.. that was right around the dotcom bubble bursting, which caused a 60% drop in the markets.

We may be in a similar situation to that, one catalyst sets the whole thing off. Economy slows, cash burn companies are going to be axed first (TSLA, UBER, etc, all speculative plays at best, will be promptly dumped by shareholders when times are no longer good and the punch bowl is taken away). Basically a grey swan event.

 

Maybe good time to look at automakers? Or something else? The big question, how long that sort of sentiment will last.