You basing that on technicals? Fibonacci? Elliot wave? Wat makes you think that?

discuss thinks the market is his dick

it never goes up

Technical analysis is the modern day equivalent of reading tea leaves.

I think the bottom will be around the last week of this month or early April.

Depending on the effect it has here, I think it’s fair to say the drop will be around 30-35%

I think it will be another 20-25% from current levels.
What Dr. Fauci said today puts us in uncharted waters so who knows.

I'm going to be wiping my ass with tea leaves if the local methican americans don't quit hoarding TP!

I'm pulling this from an old timer who is aging fast but has traded with more than I will probably ever even accumulate. 10% of the market was an emotional "bet the come". That went up in smoke. Deal in a 10% correction for global panic sales. Next we get the 10% of actual financial corrections due to physical losses. He then said, where are we in this mess and how far off are those 10% guesses?

Who knows.

I didn't buy the stock because I eat there I bought it because other people do and the stock tends to go up. I have eaten Chipotle exactly once. I'd go to a Qdoba before I'd go to a Chipotle.

Not disagreeing here. Just wondering where you came up with an additional 60% down. Technicals would be the easiest way to get there. You trying to apply historical P/E ratios to GDP or what?

I haven’t paid attention to shit, but I highly doubt you’re in high company expecting that big of a drop.

Just wondering where you’re getting that target from.

Still out.

If my stock purchase raises their stock .0001 basis points and executives get any money out of stock options I don’t think I could live with myself. **** those bitches.

The S&P 500 dropped ~45% in the period of time that encompassed the death of Bear in March '08 and then when it started to continuously go up after something like March 3, 2009.

We have yet to have our 'death of Bear Stearns' moment but it will precede a second Great Recession.

Job losses will take hold, there'll be some bankruptcies once enough bullshit called on the auto and student loan market. Young people aren't buying houses and this won't get better.

Then you start thinking about new political realities which will not be market friendly..

There is a long way to go before that.

I laughed unreasonably hard at this. Particularly "methican American."

Don't panic people. the stock market is run by a shit load of greedy people. When this is all over you're gonna see stocks take off like a rocket.

I wish I had a shitload of cash to throw in right now but i don't

Lean hogs have made a nice base. They’re ready to take off. Perfect time to get back in! :D

Says McDonald's 6 months before they bring back the mc rib

I hate Hogs!

Good chance tomorrow is going to be worse than any day of this. Dow already down 800 points following Trumps speech.

Now the news with an American celebrity and NBA? Yup it’s gonna get really bad this week IMO

Yeah, I'd say there's a good chance that the market will shut down tomorrow.

I know. :Poke:

You won’t get any argument from me.

I think things are about to go from bad to worse, with all that’s happened today. I’m strongly considering pulling out tomorrow, and buying back in when things stabilize. Hate selling down, but I think it’s about to get ugly.

When I did this a couple of weeks ago. I was the local idiot. Follow your first mind I say, better safe than sorry.

It's gonna be another rough day with futures down over 1,200 points at the moment.

Futures hit the limit but premarket trading is happening and S&P is around 5.6% down right now.

I looked yesterday afternoon and small caps were down 7%+. Unlike the S&P, small caps last new all time high was August 2018. They're gonna be back to 2014 levels today. They generally suffer worse in a recession so it makes some sense but still.. pretty beat down already.

edit: high growth stocks getting pummeled this morning. I see many down 8-10%

Damn, sold INO at 11.00 then it tanked down to 5 and I felt like a winner

Now its headed back up to 9.70 premarket.

Market halted.

You might want to avoid looking at your account today. :doh!:

All good companies though- they should go back up. Good luck!

Tesla is getting super tempting if it keeps flirting with 500. Sounds like at it's current process it is super under valued.

So it sounds like a good time to throw money into some mutual funds or something???..... I don’t do individual stocks

Yeah I was a day early. After the flights were stopped from Europe and the NBA made their announcement I new I was going to take a beating today. So I'm sitting here thinking that maybe I should add to those holdings. Buy baby buy?

TVIX up another 30% today. It's the only thing keeping my account in the black.

The market is making zero sense right now. Everyone is in a panic. Most stocks are hitting 52-week lows if they are not already there. Lots of bargains. I would say buy- but who knows what kind of news will come out today with some virus scare tactics. It is pretty ridiculous. That is all the news is talking about.

People are hoarding toilet paper now. :rolleyes: I think I will buy some toilet paper stock- if it becomes worthless I can at least wipe my ass with the certificates.

If they get it below $500, I'm in.

Ford is about to give me a chance to bring my average down .50. :doh!:

I'm selling some things to build cash to buy at a discount.

This freakout is an opportunity and I'm not going to miss it.
I'm going to tell my wife this is like Kohl's cash....

How do individuals smarter than myself feel about Delta or Boeing shares during this time of panic?

Seems like a good value unless the company goes bankrupt. Hasn't Delta done this already and doesnt it wipe out the shareholders?

My thinking is that Boeing is "too big to fail". The feds want Boeing to survive. Delta is replaceable. But I'm clearly an idiot on stock picks in 2020, so maybe you should do the opposite of whatever I recommend.

I just bought a little ZM. I figure it'll do fine in the short term, and maybe this will get people more in the habit of video conferencing in the long term.

If the company goes bankrupt then yes I believe that is a game-over scenario share wise.

I'm looking at Delta or United share prices and it seems like an opportune time to invest, I don't think those companies will go bankrupt. At least if you believe that the corona-virus is a temporary blimp in the radar- how long do you think the virus would effect domestic and international travel?

Boeing is obviously a different animal, having two significant "black-swans" with the manufacturing issues of their new jets and now the corona-virus. Is boeing too big to fail?

Answered my question before I even asked- Rain Man you never cease to amaze me.

Worst day for the Dow since the 1987 crash.

Jesus

Looking like the 4th worst percentage loss ever.

10%

BTC is sub 6K now. The number I was hoping for for a long time.

I've wondered about that.. You'd think something would be doing well. Yesterday - gold, treasuries, crypto, and stocks were all down.
Today - treasuries were up a smidge all the others down big

People are just taking there money and running lol

I suppose some of it could be treasuries being bottomed out and deflation fears for gold. Maybe, doesn't really explain crypto. That stuff was supposed to be "safe" from Economic and fiat money problems, haha

How palatable is a Boeing bailout going to be to the general public in 2021?

Half the country will be for it, half will be against it, and which is which will be determined by if their guy is the one in the White House.

#OccupyWallStreet

I'm not even pulling up my etrade account today. I don't want that vision in my head to think about.

So stupid question and probably stupid idea but I have quite a bit of cash and everything is paid off in my life so no real stress of having to wait a while for a return but does it make sense to put 10-20k in cruise stocks ? Like royal Caribbean was trading at $150 plus and now at $30. Unless they go out of business which could happen but they are one of the top two in the industry . Just putting money in it knowing it will rebound in a couple of years . Even if it went to $90 it would still triple . Stupid idea?

Stay liquid and ride the stocks to the bottom. Should be able to triple your money without it tied to a sinking ship...ships, waiting for a rebound.

Stock tip for tomorrow.

Short Disney- they are closing both American theme parks.

So buy?

Yes, after you sell it short and ride it down.

I wish I had an option account- someone is going to make a mint tomorrow off their bad news.

They are closing Disney Cruise line, Disney Land and Disney World.

That is a lot of income down the drain with peak season coming.

I've got some RCL. I read two articles about it today (sorry, no links). One said that bankruptcy is inevitable and the other said that it's a fantastic time to buy as a long-term hold due to demographic trends.

This is the route I would take, but I think putting in 10 percent weekly makes more sense than dumping it all in at once. How do you know when the bottom is?

2400 held, up over 3% at 1 a.m. after being down 3! Bedtime

https://i.imgur.com/X5h7Yth.gif

Boeing up 6% LMAO



The big bois got wind of a #bailout

LOL. Trump announced National Emergency. BTC nosedives.

EDIT, now it going up.

Becton Dickinson and Quest Diagnostics on Trump’s speech for test kit increase.

Thinking of buying

Yep, bought BA today , 52 week high was 398 .bought at 167.

There are so many other things you could buy, this would be a pretty big risk. Cruise ships for some reason are holding the hot potato on this one, and may never recover.

I think one older people age out who is going on these cruises? All you ever hear about them in the news is some disease or sickness or diarrhea from satan ravaging these ships.

The only thing I think will save them is to discount their trips once they resume business. Discount the trips like well below half price. And then no profits. Just my opinion, i know nothing.

I deposited more into my brokerage account to sit in cash today. I've learned buying anything on a Friday to hold over the weekend usually results poorly.

Will play the swings currently for quick profits.

Alright, let’s list good stocks currently trading at a discount, that are worth buying. Good companies, not the IBIO and IQ shit.

Beyond consumer staples I don't really feel like there's anything out there that is going to be a good get in a prolonged recession.

https://finance.yahoo.com/news/feder...210001968.html

I can't ****ing wait for all the screeching about a bailout

So this is bad right?

They are just playing along with the hoax.

What exactly does this mean?

Dow future already down -940

It's better than nothing.

Of course I just came through underwriting on a new mortgage.

The Fed is helping foreign central banks with liquidity.

BTC pump and dumped right on queue. Back to price of an hour ago. LOL

What a ride.

So pumping more money into the market to keep it afloat?

No idea with what the other central banks will do but it's basically in line with the thinking in the $1,500,000,000,000 repo agreements the Fed made with the large banks here: to ensure credit markets don't freeze up.

<iframe width="560" height="315" src="https://www.youtube.com/embed/RmGfWkuu6Zo" frameborder="0" allow="accelerometer; autoplay; encrypted-media; gyroscope; picture-in-picture" allowfullscreen></iframe>

Does this mean mortgage rates are going down again?

Wife and I have been waiting to do a re-finance loan, wonder if this will give us a better shot for a better rate. Don't know if they're connected at all, not a finance guy really, but we've wanted to pull that trigger for the past half year or so to take care of some CC debt. I'm not a finance guy outside of the basics and calculations.

If your original loan is close to whatever lenders are quoting now and you plan to move on from wherever your living now soon then it's probably not worth it.

“Bail in” coming to a theater near you