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re: 3/12 pre market thread - Futures trading HALTED for 2nd time this week.

Posted on 3/11/20 at 9:50 pm to
Posted by LSUbase13
Mt. Pleasant, SC
Member since Mar 2008
15060 posts
Posted on 3/11/20 at 9:50 pm to
quote:


But DUDE, BRO.. you are acting like it. You TOLD EVERYBODY! And damn it!! Not a soul would listen to you....

Dude.

Again. People make money in the market in every situation. If you don't know how to do that, then stay out of it. If you are a long term investor, then you know FULL well what 10 years will do with the opportunity we have right now.


Let me give you an example of real life. USA dropped from the 9 range to the 2 range. People went nuts and thought the end was near. Depression...etc. 10 year later and a nice divi that grew from .10 to .18.


And I can name many more. But hey.. you do you. If you don't want to invest, don't.

But I assure you, I will be throwing everything I can at my important dividends and beat down stocks, walk away from the computer, enjoy my wife and kids knowing that THIS TOO shall pass and I made a ton over the next 10 years.


Jjdoc, What do you think about pouring money into total stock market index funds right now?
Posted by southernelite
Houston, TX
Member since Sep 2009
53561 posts
Posted on 3/11/20 at 9:56 pm to
quote:

SQQQ is some nasty stuff. I dabbled in it earlier this week...can't stay there long.


Just an options account I have to take some risk in.

I have plenty of other holdings.
Posted by tiger81
Brentwood, TN.
Member since Jan 2008
20981 posts
Posted on 3/11/20 at 10:03 pm to
The market will have it's worst day yet tomorrow...wheels are coming off folks.
Posted by JLivermore
Wendover
Member since Dec 2015
1683 posts
Posted on 3/11/20 at 10:15 pm to
I'm actually interested in beginning to nibble after hearing that speech. The Europe ban was obv short term bad news economically, which everyone who participates in the market is seeing right now. But at some point, maybe just puking out the cancellations, lock downs, and bad news is better than letting this giant cloud of uncertainty continue to linger?
Posted by Jjdoc
Cali
Member since Mar 2016
55376 posts
Posted on 3/11/20 at 10:17 pm to
quote:

Jjdoc, What do you think about pouring money into total stock market index funds right now?


Personally, I don't. I am very diverse.

I have a "safe" (yes I know all things are up and down) investment, and more aggressive %, and a high risk.

Each of those 3 are divided up and into different sectors.
Posted by B4YOU
Member since May 2018
344 posts
Posted on 3/11/20 at 10:18 pm to
Dow futures are down 1000. Trump’s speech was lite on policies that actually reduce viral spread minus EU air travel ban which is only going to hurt aviation further. Covid-19 cases are doubling every 3 days. We are about to see social distancing become wide spread. Service industry is going to get crushed. Layoffs in oil industry are already happening. Travel is done.
This post was edited on 3/11/20 at 10:19 pm
Posted by fallguy_1978
Best States #50
Member since Feb 2018
53047 posts
Posted on 3/11/20 at 10:21 pm to
For 4 weeks maybe

Wuhan is expecting their new case count to drop to zero by the end of March. This isn't 2008 again.

It'll be a bad quarter or two for most businesses.

Energy is a different story.
This post was edited on 3/11/20 at 10:23 pm
Posted by JayDeerTay84
Texas
Member since May 2013
9956 posts
Posted on 3/11/20 at 10:22 pm to
quote:

For 4 weeks maybe

Wuhan is expecting their new case count to drop to zero by the end of March. This isn't 2008 again.

Energy is a different story.



Energy is the real wildcard. For anyone that is looking, you can see an end to Covid insight.

No telling how much Saudi and Russia are willing to tangle.
Posted by tiger81
Brentwood, TN.
Member since Jan 2008
20981 posts
Posted on 3/11/20 at 10:25 pm to
Just the beginning in US folks...
Posted by fallguy_1978
Best States #50
Member since Feb 2018
53047 posts
Posted on 3/11/20 at 10:27 pm to
quote:

Just the beginning in US folks...

And we won't even be talking about it by June.
Posted by LEASTBAY
Member since Aug 2007
16315 posts
Posted on 3/11/20 at 10:27 pm to
I made money on MDR. Just dumped at the right time. He didn't tell anyone to buy it though.

I bought puts on Disney first thing this AM. If they close a park here or have a ton of cancellations announced I will be very happy.
Posted by Mr Perfect
Member since Mar 2010
17836 posts
Posted on 3/11/20 at 10:29 pm to
quote:


And we won't even be talking about it by June.


complete lie dude
Posted by Jjdoc
Cali
Member since Mar 2016
55376 posts
Posted on 3/11/20 at 10:30 pm to
quote:

This isn't 2008 again.


I kinda wish the buying opportunities were the same!

Not gonna lie
Posted by Jjdoc
Cali
Member since Mar 2016
55376 posts
Posted on 3/11/20 at 10:33 pm to
quote:

I made money on MDR. Just dumped at the right time. He didn't tell anyone to buy it though.


Thank you.


quote:

I bought puts on Disney first thing this AM. If they close a park here or have a ton of cancellations announced I will be very happy.


I looked and looked for puts. Never thought to look at Disney.
Posted by AMS
Member since Apr 2016
6534 posts
Posted on 3/11/20 at 10:37 pm to
quote:

Just the beginning in US folks...


Will be a super quick middle and end then
Coronavirus tree of viruses are all seasonally winter, except for 1 random strain being an exception. Well have seen the peak of this before Easter, and 80% of the recovery by Independence Day. Most of the problem here is people like you drinking the fear kool-aid.
Posted by Upperdecker
St. George, LA
Member since Nov 2014
32682 posts
Posted on 3/11/20 at 10:45 pm to
JJ look at Aramark or Sysco. Disney puts are too expensive in IV now. Aramark and Sysco supply all the food for live events, and now we have no live events
Posted by B4YOU
Member since May 2018
344 posts
Posted on 3/11/20 at 10:48 pm to
quote:

For 4 weeks maybe

Wuhan is expecting their new case count to drop to zero by the end of March. This isn't 2008 again.

Energy is a different story.


No one is doing what China did. South Korea is the best model for democracies, but no one is doing their level of testing.

Europe is toast with about 16,000 cases and only Italy doing country wide quarantines. They won’t be done with this by end of April. That’s going to impact every market.

The US is 10-12 days behind Europe. We still have time but we aren’t doing widespread testing which has been the most effective measure short of locking people in their homes. If cases keep doubling every 3 days, we will be in trouble by end of March.

Corporate debt is high due to low rates which adds risks. So many US people and businesses have no real savings. Oil impacts will really hurt. Food service, carshare, and any job that can’t be teleworked is at risk for losses.
Posted by Mr Perfect
Member since Mar 2010
17836 posts
Posted on 3/11/20 at 10:53 pm to
thank you dude for bringing facts
Posted by Athletix
Member since Dec 2012
5134 posts
Posted on 3/11/20 at 10:55 pm to
Bought mid day short term calls on SFIX, SNAP, & ETSY. All somewhat insulated from corona, and were down way big back to back days outpacing the market bigly. Felt like good short term calls.

Pandemic announcement after hours

RIP
Posted by JayDeerTay84
Texas
Member since May 2013
9956 posts
Posted on 3/11/20 at 11:05 pm to
quote:

The US is 10-12 days behind Europe. We still have time but we aren’t doing widespread testing which has been the most effective measure short of locking people in their homes. If cases keep doubling every 3 days, we will be in trouble by end of March.


Question, why does testing matter when there is no cure?

Further, why does testing matter when the country seems to want to self quarantine now anyway?

Lastly, if we are going to shut everything down, like it appears to be, being 10-12 days behind doesn't matter, does it?
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