Operation Blood in the Streets

[Siglvr]

I know someone who bought Tesla at $29 a share. I figured with Corona Virus and the new Gas wars, it would take a huge dump. I'd suggested he sell when it hit the insanely high high INSANE PRICE of $400 a share. It lost shy of $100 a share today and it's still over $600 a share. I will give no more stock advice. I truly don't know bubblegum.

Tulips for everyone! Good luck brothers!

 

[Bushman]

Think it’s bad now? Wait a month, says hedge-fund manager Kyle Bass

Kyle Bass of Hayman Capital Management believes “this too shall pass,” when it comes to the deep selloff in the market on Monday — the Dow was down more than...

www.marketwatch.com

 

[CountryGent]

Looks like another fun filled day for the market ...

Stock market live updates: Stocks tank 10%, trading halted at one point, Dow off 30% from record

 

[Geardo]

Looks like another fun filled day for the market ...

Stock market live updates: Stocks tank 10%, trading halted at one point, Dow off 30% from record

Tye 2008 recession was 40%. Moving more cash into place to double down on this insanity this week.

 

[wp4]

Tye 2008 recession was 40%. Moving more cash into place to double down on this insanity this week.

In the "what is your entry point" thread, I guessed the bottom at 35%. We're already at 30%. Looks like I was too conservative in my estimation!

Still one HECK of a time to have cash ready to put in! Bring it on, I love a good reset!!!

 

[CountryGent]

Tye 2008 recession was 40%. Moving more cash into place to double down on this insanity this week.

Still one HECK of a time to have cash ready to put in! Bring it on, I love a good reset!!!

Indeed. We have the cash ready to roll and it is looking like time.

 

[The Heretic]

The U.S. Stock Market Could Crash Another 25% If This Nightmare Scenario Unfolds

The U.S. stock market crash could get worse as the Dow and S&P 500's losses this year could exceed the Great Recession of 2008.

www.ccn.com

 

[Siglvr]

The difficulty I have in reading that CCN link Heretic, is that just a short time ago everyone noted in that article was calling for a avg increase of 8% in stocks this year (2020). Go back and look it up. EVERY one of them. These appear to be people who drive by looking in their rear view mirrors and thus are not worthy to follow if you want to look ahead.

Here's a link I posted back in Dec in this thread. Read it carefully and slowly. This guy called it. The Crazy Events Of The Past Month And What They Mean For 2020 \

Another tip of the hat to Countrygent. Nailed the thread title.

 

[wp4]

@USMC1911 - thinking about shorting the tvix again tomorrow?

 

[USMC1911]

Just woke up and will be looking at premarket. Yes if shares are available I will take a short position.

 

[USMC1911]

The risk reward just not gonna work today. Premarket is flat and the premium just to high. Easy way to loose your shirt!

 

[nehalemguy]

I'm taking a beating like most. Just going to ride it out.

However I am getting a woody seeing some of these prices. At the opening this morning I increased my position in Weyerhaeuser by 50% and then saw it increase by 11% today. I'll take that.

I also opened a position today in Boeing at around $106 a share. My advisor cringed when I told him about that, but admitted "Damn.....that's cheap".

-E-

 

[nehalemguy]

I would really be interested in knowing what Berkshire Hathaway is doing right now. They were sitting on $128 billion in cash before this started. I would bet they have used some of it in the past few days.

-E-

 

[NW Backpacker]

I would really be interested in knowing what Berkshire Hathaway is doing right now. They were sitting on $128 billion in cash before this started. I would bet they have used some of it in the past few days.

-E-

I watched the first 8-10 minutes and the last 1 minute of this Feb 24, 2020 Warren Buffet interview . First 8-10 minutes are interesting, and in the last minute he gives his philosophy. I don't make decisions based on these guys - they can weather a loss of 95% - I can't. I suspect this crash is just getting started, but that's just a wild azz guess.

 

[CountryGent]

I suspect this crash is just getting started, but that's just a wild azz guess.

Agreed. I don't see how we're not in for quite a bit more economic pain before things turn around. We're barely into the coronavirus emergency.

 

[The Heretic]

This crash has underlying fundamental in addition to the fear.

My predictions:

1) Given a few weeks to a month or two, and the virus will peak and fade as summer comes on (more people spend more time outside instead of inside, more sun, more heat - virus has less life on surfaces).

2) People will get tired of hearing about the downsides/etc., and the news will lose their attention. They will also get immunized against the news by hearing it so much.

3) The market will start to come back - at least to some degree.

4) The virus gets worse in the southern hemisphere as winter comes on there.

Come fall/winter:

1) Virus comes back. People get sick and die again. Maybe worse than before because now people have forgotten and/or gotten lazy. Still no vaccine? Possibly. Probably - unless they take chances and fast track it by shortcutting the testing No cure (highly unlikely there will be a cure).

2) The economic impact of the virus earlier in the year will be visible by this time.

3) Market drops again. This time the underlying fundamentals - employment, profits, etc. - are bad. Now the economy is in recession.

 

[wp4]

This crash has underlying fundamental in addition to the fear.

My predictions:

1) Given a few weeks to a month or two, and the virus will peak and fade as summer comes on (more people spend more time outside instead of inside, more sun, more heat - virus has less life on surfaces).

2) People will get tired of hearing about the downsides/etc., and the news will lose their attention. They will also get immunized against the news by hearing it so much.

3) The market will start to come back - at least to some degree.

4) The virus gets worse in the southern hemisphere as winter comes on there.

Come fall/winter:

1) Virus comes back. People get sick and die again. Maybe worse than before because now people have forgotten and/or gotten lazy. Still no vaccine? Possibly. Probably - unless they take chances and fast track it by shortcutting the testing No cure (highly unlikely there will be a cure).

2) The economic impact of the virus earlier in the year will be visible by this time.

3) Market drops again. This time the underlying fundamentals - employment, profits, etc. - are bad. Now the economy is in recession.

I hope your wrong, cuz..... most likely means Biden wins

 

[The Heretic]

I hope your wrong, cuz..... most likely means Biden wins

Too many variables.

This whole thing has hurt Trump a lot. But then he was hurting before the virus.

OTOH, voter turnout will be a big factor.

My guess is that Trump will not be re-elected. Prepare yourself.

 

[Geardo]

Too many variables.

This whole thing has hurt Trump a lot. But then he was hurting before the virus.

OTOH, voter turnout will be a big factor.

My guess is that Trump will not be re-elected. Prepare yourself.

Thinking through it this morning, I came to the same conclusion. We Might be a socialist country by the time this all fades.

We already pay 50% in taxes, another 20% to dig us out of this mess and there we are. Of course no one will call us socialist, but we will be all the same.

 

[CountryGent]

And the market is down to the levels when Obungles left office. I'm guessing at least the next six weeks aught to be a wild ride.