MonkeyF0cker Posted March 2, 2020 Report Share Posted March 2, 2020 I've heard stupid numbers like +15%, -40% overnight I'd be buying hand over fist at -40% and shorting the shit out of a 15% rally.Yeah. Unless a Bernie victory is priced in already, I don't see how a Trump victory can cause a huge rally. I sure wouldn't buy healthcare stocks if Bernie is elected. Quote Link to comment Share on other sites More sharing options...
mikeman Posted March 2, 2020 Report Share Posted March 2, 2020 I think we are close to the bottom here unless there is systemic risk with the banks/brokers, then all bets are off.Much of this decline is due to an overheated market that found a reason to sell off. And it looks like it is a good reason for a haircut as there will be real damage to economies and companies.If you look at the action all last week, the selloffs were right into the close. Usually that is margin related stuff. And on Friday, gold got hammered. If it's just all panic over a pandemic, that should not have been the case. I believe funds liquidated gold since it has been a winner to raise funds to perhaps hold on to other positions they have. Don't forget many funds and their algos have played the short VIX and long big techs with incredible success for years. When that trade went bad last week, they had to head for the exits at the same time......The problem is earnings are going to collapse, and with them prices. the virus panic will slam travel, entertainment, eating out. Who's going to buy a car wearing a mask? The priorities are going to be finding food and avoiding diseased people, not buying stuff. Just like in China there will be a total collapse in demand that will slam almost everything. Schools closed, which means day care will close, which means workers wont go to work, which means reduced output across the board. In 3-4 months there will be an announced vaccine, which will still be 8-10 months away from actual distribution and use, right before that will be the time to buy. Quote Link to comment Share on other sites More sharing options...
FISHHEAD Posted March 2, 2020 Report Share Posted March 2, 2020 Mike, God bless Quote Link to comment Share on other sites More sharing options...
mikeman Posted March 2, 2020 Report Share Posted March 2, 2020 Mike, God blessin 3 weeks you'll see. This virus is not the end of the world, a year from now with Trump just beginning his second term, pandemic fears long gone, things should be rapidly improving. Quote Link to comment Share on other sites More sharing options...
Machiavelli Posted March 2, 2020 Report Share Posted March 2, 2020 Wouldn't Health Care stocks be good under Bernie since coverage will be guaranteed for everyone and guaranteed to be paid?? I understand that incentive to innovate may not quite be there for certain companies, but expanded pool and guaranteed $$$ has to be key for some/most, no?? Quote Link to comment Share on other sites More sharing options...
mikeman Posted March 2, 2020 Report Share Posted March 2, 2020 Wouldn't Health Care stocks be good under Bernie since coverage will be guaranteed for everyone and guaranteed to be paid?? I understand that incentive to innovate may not quite be there for certain companies, but expanded pool and guaranteed $$$ has to be key for some/most, no??What are you, crazy, expanding the pool of people that get free health care hurts everyone, especially the govt. However, when a million mostly old and sick people die in the nest 18 months, long term health care obligations will be a bit less. Quote Link to comment Share on other sites More sharing options...
Machiavelli Posted March 2, 2020 Report Share Posted March 2, 2020 What are you, crazy, expanding the pool of people that get free health care hurts everyone, especially the govt. However, when a million mostly old and sick people die in the nest 18 months, long term health care obligations will be a bit less.It won't be implemented unless viable, so IF viable, shouldn't that be good? Quote Link to comment Share on other sites More sharing options...
mikeman Posted March 2, 2020 Report Share Posted March 2, 2020 It won't be implemented unless viable, so IF viable, shouldn't that be good?If bernie, a communist is elected, this country will split apart., He'll never get a chance to implement anything. By the way, bernie and especially biden will be extremely vulnerable to this virus, I expect at least one of them to get it. Trump wont, he's a germaphobe and is protected by God to boot. Quote Link to comment Share on other sites More sharing options...
tailsyoulose Posted March 2, 2020 Report Share Posted March 2, 2020 I think we are close to the bottom here unless there is systemic risk with the banks/brokers, then all bets are off. Systemic risk IS the danger though. The knock on effects in the current global system are totally unknown. From the overloading of the health care infrastructure, to huge hits to productivity, the compounding effect on massive nation level debt, and even geopolitical instability and social order breakdown due to unchecked migration and movement to/within Europe. Turkey is opening the lid on that Pandora's box as we speak. This is one reason walls on borders are so important - they are a crucial defense in times of a global crisis. It's like playing Russian roulette and saying "everything will probably be fine". Well, yeah, probably... Quote Link to comment Share on other sites More sharing options...
kovacsbar Posted March 2, 2020 Report Share Posted March 2, 2020 fukk lower the rates to zero and throw the whole thing on the PO69 sized Fed Balance sheet. The 3 rate reductions in 2019 didn't stimulate anything economically. I bet the Fed wishes they had those bullets back. The one shot repatriation of 1 trillion and a 1.5 million tax break did nothing for the economy. That shit all went where again? Would any one like to support the Apocalyptic US debt out of the kindness of your heart? We can offer you .25%. None of this may fix the damage the virus scenario may cause to the economy geez it seems to be a global thing. And with the few remaining bullets in our chamber we gotta get the markets to record highs by October. Quote Link to comment Share on other sites More sharing options...
kovacsbar Posted March 2, 2020 Report Share Posted March 2, 2020 Will all you cash hoarders out there please lend your best Uncle Sam some money for zero interest? Or maybe do the right thing and invest it in your business in a year or so, maybe two? Quote Link to comment Share on other sites More sharing options...
FISHHEAD Posted March 2, 2020 Report Share Posted March 2, 2020 TRUMP continues to impress Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted March 2, 2020 Report Share Posted March 2, 2020 The United States has far more interest rate BULLETS than pretty much every country in the world. And the reason no country has returned to normal rates is because of a SOCIALIST response to the housing crisis in 2008. But, yeah, "Go Bernie!" and all that stupid shit. "He's gonna save us!", says a crazy person. Quote Link to comment Share on other sites More sharing options...
kovacsbar Posted March 2, 2020 Report Share Posted March 2, 2020 The craziest person on this board, pretty much called this shit a year ago and stated just yesterday that Beantown Jim would have just as good a shot as fixing this fukk ups mess as Bernie or the fukk up. TRUMP continues to impress of course he does fella. Quote Link to comment Share on other sites More sharing options...
kovacsbar Posted March 2, 2020 Report Share Posted March 2, 2020 Bernie Sanders need money to fix shit and the Turnip needs money to fukk shit up. There is no money. By default, neither one matters the least. Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted March 2, 2020 Report Share Posted March 2, 2020 Crazy guy says he called the coronavirus a year ago. LMAO. Quote Link to comment Share on other sites More sharing options...
WVU Posted March 2, 2020 Report Share Posted March 2, 2020 The craziest person on this board, pretty much called this shit a year ago and stated just yesterday that Beantown Jim would have just as good a shot as fixing this fukk ups mess as Bernie or the fukk up. .Do you pretty much want a cookie? Quote Link to comment Share on other sites More sharing options...
kovacsbar Posted March 2, 2020 Report Share Posted March 2, 2020 I read some genius say that the US has more bullets than anyone. Does "anyone" have a 106% debt to GDP ratio? Would that very special poster tell us how you service $23 trillion @ .25%.? Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted March 2, 2020 Report Share Posted March 2, 2020 Do you pretty much want a cookie?Maybe his financial analyst wants one? He doesn't even make his own investments (if he even has any at all). Quote Link to comment Share on other sites More sharing options...
kovacsbar Posted March 2, 2020 Report Share Posted March 2, 2020 Do you pretty much want a cookie? I don't eat cookies kid. Quote Link to comment Share on other sites More sharing options...
WVU Posted March 2, 2020 Report Share Posted March 2, 2020 Then why are you looking for Kudos for absolutely no reason? Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted March 2, 2020 Report Share Posted March 2, 2020 I read some genius say that the US has more bullets than anyone. Does "anyone" have a 106% debt to GDP ratio? Would that very special poster tell us how you service $23 trillion @ .25%.?Ask Japan. Quote Link to comment Share on other sites More sharing options...
kovacsbar Posted March 2, 2020 Report Share Posted March 2, 2020 When special folk need an excuse for a market crash, the coronavirus is the Apocalypse that paralyzes entire national economies. When n the same special folk need reason for the markets to rise, perhaps to record levels, that changes to everything is fine, these things blow over in a few months. Chitty funny as fukk. Quote Link to comment Share on other sites More sharing options...
kovacsbar Posted March 2, 2020 Report Share Posted March 2, 2020 Then why are you looking for Kudos for absolutely no reason? So some skinny weak fukk idiot will ask me stupid questions. And you're That Guy. Quote Link to comment Share on other sites More sharing options...
MonkeyF0cker Posted March 2, 2020 Report Share Posted March 2, 2020 Yup. It's paralyzing the economy so much that people are out buying masks and extra shit they'll never use on their way home from work. Wonder if the 98% of people who don't die from it will go back to work after they're sick. Derp. Quote Link to comment Share on other sites More sharing options...
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