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Markets still falling like whoa

Llano Estacado

By Llano Estacado
in Business and Markets

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Dnaguy

Dnaguy 12,104

Posted
Posted
6 hours ago, ChiTownDoc said:

Saying there's a LOT of people furloughed etc that are not showing up in unemployment numbers.  Also a metric shitton of people in the gig economy out of work that have simply not applied yet.  I know of dozens of people in FL that have been trying to apply for unemployment but have not gotten through.  I'd say the 'real' unemployment rate is closer to 30%.  End of March it was 15-20%. 

https://tcf.org/content/commentary/new-data-show-true-march-jobless-rate-near-20-percent/?agreed=1

This.

Denials of unemployment Are a major issue in Texas too.

DNAgal has been denied two weeks ina row after being furloughed.

its a total crap shoot applying. Can’t contact anyone because the phones are always busy. Won’t go in because... well that defeats the point of social distancing. 

So yeah... 

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Eastwood
Eastwood

That's why I'm out. There is no end game, IMO. This has to be fixed outside of the market and I got too nervous about what that entails for retail investors. They will always be last on the list, if o

Rusty Shackelford
Rusty Shackelford
Eastwood
Eastwood

I'm not a financial advisor. This is not financial advise. I don't work in finance. I do not have a degree in finance. Actually, I have a BA and I'm bad at math past Cal I. I won't apologize for the l

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LTtxfan

LTtxfan 49,373

Posted
Posted (edited)

May have to rewatch "The Big Short" again... just seems like an overpriced market again with all the Fed money being Brrrrr'd out right now and nobody knows how to project expected loan losses for the Banks right now.

Also, aren't taxes going to rise in a few years to pay for all the government money being spent right now??

 

Banks right now:  "Everything's Fine With Our Commercial Real Estate Loans... We're sure of our math just ask my Quant"

         "That's a nice shirt... do they make it for men?" 

 

Edited by LTtxfan
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52-80

52-80 19,263

Posted
Posted
49 minutes ago, ChiTownDoc said:

JPM falls on it's face, missing EPS predictions that had already been revised down badly, while saying they're looking at loan defaults out the ass...futures look great!

market is not bull.  market is not bear.

 

market =

honey-badger-pin-cushion-wf-wm.jpg

 

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52-80

52-80 19,263

Posted
Posted

ignoring the irrationality of the greater market, how the fuck is overstock gaining 12% and is at pre-corona level.

 

these fuckers rode the cryptocurrency tide but even that stunk out by now.  their hilarious investor presentation deck looks like it was churned out overnight; they brand themselves as "a tech company at [our] core"; and half of it is some accelerator blockchain digital capital platform mumbo jumbo.

 

i tried to sell short only a modest amount and broker says shares not available.  (hard to borrow?).  barely any volumes in options either

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Lurch

Lurch 5,931

Posted
Posted
lulz. this market has no basis in reality and hasn't for over a decade. dgiaf. my 401k thanks the major players who treat this market as the money making pyramid scheme that it is. they short the shit out of it for gainz, they pump the shit out of it for gainz.


f23170a005530e55d3fa392977fc817c.jpg
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ZB'Tejas

ZB'Tejas 593

Posted
Posted
6 minutes ago, crash_davis said:

lulz. this market has no basis in reality and hasn't for over a decade. dgiaf. my 401k thanks the major players who treat this market as the money making pyramid scheme that it is. they short the shit out of it for gainz, they pump the shit out of it for gainz.

I was considering moving some of my 401K funds into less risky investments after this decent rebound. Now I'm not so sure I want to mess with it at all.

Btw, when someone here said we would have been happy buying BYND in the 60s long term. Well fast forward a week at that's a quick 25% return!

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Anastasis

Anastasis 23,491

Posted
Posted
4 minutes ago, ZB'Tejas said:

Btw, when someone here said we would have been happy buying BYND in the 60s long term. Well fast forward a week at that's a quick 25% return!

Was just about to post the same.  There are a few posters that I would like to hug right now for making me look at that trade. 

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936horn

936horn 919

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Posted

If you needed any more proof that the market gives zero shits about regular Joe American, this is it. Record unemployment, earnings in the shitter, still in the middle of a global pandemic, and we just keep pumping. The market cares not about Jim Bob in Arkansas on furlough, or Cindy from Texas who is in ICU with corona. Hell, the market doesn't even care about us surly .001%ers. It cares about the institutional guys and how many trillions the fed can pump in and that's it.

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Anastasis

Anastasis 23,491

Posted
Posted
2 minutes ago, 936horn said:

If you needed any more proof that the market gives zero shits about regular Joe American, this is it. Record unemployment, earnings in the shitter, still in the middle of a global pandemic, and we just keep pumping. The market cares not about Jim Bob in Arkansas on furlough, or Cindy from Texas who is in ICU with corona. Hell, the market doesn't even care about us surly .001%ers. It cares about the institutional guys and how many trillions the fed can pump in and that's it.

Gonna be a real motherfucker when it all falls apart. 

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crash_davis

crash_davis 23,115

Posted
Posted
2 minutes ago, Anastasis said:

Gonna be a real motherfucker when it all falls apart. 

this is the beauty. the institutional guys own the market. they do the bulk of the trading. it'll fall apart only because they can make money on the way down, like they did this time and all previous times, and then they'll pump it right back up. joe schmo's don't trade enough volume to move the needle that much. it's the institutional guys who move the needle.

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LTtxfan

LTtxfan 49,373

Posted
Posted
10 minutes ago, BehoId, The Underminer! said:

rebalanced with some VDE just now.  literally its lowest its ever been.  probably won't be worth anything for a little while, but there is no way it doesn't see real returns outside of a few years

VDE is down but not lowest it's ever been...

Vanguard Energy Index Fund ETF Shares (VDE)

44.96.   +0.43 (+0.97%)   (As of 10:31AM EDT)

52 Week Range     30.03 - 93.17

 

 
 
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Tailgate

Tailgate 3,024

Posted
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29 minutes ago, ZB'Tejas said:

I was considering moving some of my 401K funds into less risky investments after this decent rebound. Now I'm not so sure I want to mess with it at all.

Btw, when someone here said we would have been happy buying BYND in the 60s long term. Well fast forward a week at that's a quick 25% return!

Yep. Made that BYND trade that day @$64. Been watching it since IPO and plant-based proteins are here to stay. And they’ve got great products with strong distribution and will be building a facility in Asia.

 

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ZB'Tejas

ZB'Tejas 593

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1 minute ago, Tailgate said:

Yep. Made that BYND trade that day @$64. Been watching it since IPO and plant-based proteins are here to stay. And they’ve got great products with strong distribution and will be building a facility in Asia.

 

Good for you. I really like it long term as well but didn't buy when we were talking about it last week. Instead set a few buys lower that never hit. I'll keep watching for somewhere in the 60's to pick some up.

 

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52-80

52-80 19,263

Posted
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12 minutes ago, Storm the Field said:

This thread can sometimes be indistinguishable from r/wallstreetbets. 

"Everything has gone to shit, the plane has crashed into the fucking mountain and yet the market isn't responding rationally! My 4/15 SPY puts are gonna be fucking worthless! Goddamn JPOW, money printer go brrr..."

according to my technical analysis, we have formed a classic Longhorn pattern recovery

 

longhorn.png

 

 

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ChiTownDoc

ChiTownDoc 21,175

Posted
Posted
1 hour ago, crash_davis said:

lulz. this market has no basis in reality and hasn't for over a decade. dgiaf. my 401k thanks the major players who treat this market as the money making pyramid scheme that it is. they short the shit out of it for gainz, they pump the shit out of it for gainz.

This shit is a legit pyramid scheme.  I’m in on it so no ragrets. 
 

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aggie08

aggie08 21,555

Posted
Posted
On 4/6/2020 at 7:15 AM, aggie08 said:

Somehow I'm going to fuck around and end up buying back in at a higher point than I sold off. Because that's just my luck.

 

On 4/6/2020 at 7:25 AM, ChiTownDoc said:

Lol.  Still need another day even hotter than this before I’m coming in around where I left...and it’s one thing to get this bounce, it’s a whole other thing to not test lows again.  Would be only such recession ever, I don’t buy it.  

I'm going to need you to hold me.

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ChiTownDoc

ChiTownDoc 21,175

Posted
Posted
1 minute ago, aggie08 said:

 

I'm going to need you to hold me.

Other than dumbasses like TonyTexas, nobody here should get the impression I have shit figured out.  I just share info and we all do our best.  Going to cash  under 2800 was only part of the issue...I had already had a decent amount I wanted to 'dollar cost avg blah blah blah' in as well.  So for me at this point, I'll slowly start to dip in when we go under 2700 again.  

Also we are doing a rollup with our PE partner on the medical practice...we have great financials but banks are NOT cool with levering up to buy more groups on debt.  They were very cool with this 45 days ago.  Shit changes fast.  Anyways, I'll likely need some of my own coin to buy groups for this year until banks loosen up again.  In the grand scheme, I'd much rather things cool now vs 3-4 years when we want to go to market again.  Selling in Jan 2019 was pretty fucking lucky...and I'm counting on some luck again.  

So if you wanna ride with someone who's gotten a lot of breaks, I'm your guy.  If you want someone who has this market BS figured out, I'm definitely not your dude.  

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Blotto

Blotto 23,584

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Posted

And now we start to see how some of these companies plan on riding out the next couple of quarters of earnings calls:

Quote

Cisco Systems Inc. has joined Hewlett-Packard Enterprise Corp. in putting aside billions of dollars to send a big signal to its corporate customers: Don’t worry about your bills, just please stick around.

Cisco CSCO, +2.96% made $2.5 billion available through its financing arm Tuesday to keep customers buying its tech products during the COVID-19 pandemic, with payment reprieves until next year. That topped HP Enterprise Co.’s HPE, +1.59% $2 billion plan to help customers with their financial challenges.

Both tech giants are able to do this because they have large financing units. Both are offering 90-day payment holidays and no- or low-money down on tech purchases and upgrades.

Cisco and HPE are the first tech giants to offer customers payment reprieves as the coronavirus pandemic continues to wreak havoc on the global economy, but they likely won’t be the last.

"Hey, we got orders. I'm sure we will get paid sometime!" Easier to pull off for the big players than others.

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52-80

52-80 19,263

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Posted
18 minutes ago, Tailgate said:

AMZN numbers next week are going to be enormous. They need to split the stock.

No need, folks can just buy 1/16th fractional shares with their Robinhood account

 

But seriously, goddamn the faangm are impressive

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