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Started By
Message
First quarter GDP shrinks at 4.8%
Posted on 4/29/20 at 8:04 am
Posted on 4/29/20 at 8:04 am
3
Posted on 4/29/20 at 8:10 am to GeneralLee
Market doesn't care. Fed stimulus is off the charts and coronavirus has proven to be greatly overblown.
Posted on 4/29/20 at 8:11 am to GeneralLee
It was a bigger impact than I thought since only 1/2 of 1 month was really impacted.
Posted on 4/29/20 at 8:46 am to Lgrnwd
GILD drug shows promise.
Posted on 4/29/20 at 8:50 am to Dr Rosenrosen
Coronavirus was not overblown. Really wish people would stop saying that. Our measures to stop the spread allowed it to not get any worse.
Posted on 4/29/20 at 9:01 am to quail man
quote:
Coronavirus was not overblown. Really wish people would stop saying that. Our measures to stop the spread allowed it to not get any worse.
I agree. It’s the same people that complain when a hurricane isn’t a bad as forecasted and think being prepared is a sign of weakness.
Posted on 4/29/20 at 9:01 am to quail man
It was greatly exaggerated. It's a flu with a 99%-plus actual survival rate. Look at the antibody tests.
Posted on 4/29/20 at 9:02 am to quail man
bullshite
Posted on 4/29/20 at 9:02 am to quail man
quote:
Coronavirus was not overblown. Really wish people would stop saying that. Our measures to stop the spread allowed it to not get any worse.
Posted on 4/29/20 at 11:27 am to quail man
quote:
Our measures to stop the spread allowed it to not get any worse.
I guess you can ASSUME that.
Posted on 4/29/20 at 11:52 am to Dr Rosenrosen
quote:
It was greatly exaggerated. It's a flu with a 99%-plus actual survival rate. Look at the antibody tests.
Posted on 4/29/20 at 11:55 am to Dr Rosenrosen
quote:
Market doesn't care. Fed stimulus is off the charts and coronavirus has proven to be greatly overblown.
The market is a forecaster, not a thermometer. There's a reason every joe blow tigerfan523123630 is on the money board now asking what to do with their stimulus check. There is 0 confidence issues.
It's like the giant elephant in the room that everyone knows (assumes) that the covid epidemic is temporary. Every bear acts like this is some secret knowledge all the while places around the world are telegraphing economic restarts..
If you could just wait until covid is gone, and then invest and see the gains, we'd all be bazillionaires.
If it doesn't go away, and gets worse, then I'm not sure any investment or currency is safe so what do you have to lose. If it's not the virus and we are just worried about earnings getting crushed and not accelerating as fast as we hoped, that sounds like an ultra slow drip story and we already got the biggest drips, so I don't see that as a huge risk that is going to blindside everyone and create a "crash". The fed is doing it's part by assuring us, that no major market influencer is going to fail due to covid so there's another risk gone.
This post was edited on 4/29/20 at 12:09 pm
Posted on 4/29/20 at 12:02 pm to Pendulum
Best part of this print: Hospital services drove more than half the drop 
Posted on 4/29/20 at 12:06 pm to Dr Rosenrosen
quote:
Market doesn't care
They will soon. I'm beginning to reduce exposure. Need a target or just going to let it ride?
Posted on 4/29/20 at 12:17 pm to Tigers4life
Naturally, there will be some profit taking after this huge rally. But I believe the market is going to give almost every industry a pass for what is sure to be a terrible Q2.
Overall, I like the chances of the S&P 500 ending 2020 well north of 3200.
Overall, I like the chances of the S&P 500 ending 2020 well north of 3200.
Posted on 4/29/20 at 12:29 pm to Tigers4life
quote:
They will soon. I'm beginning to reduce exposure. Need a target or just going to let it ride?
I'm not smart enough to call out "pullbacks", I'm worried about "crashes" and I'm confident we are past that.
shite, as of end of trading yesterday I was up 5% YTD. Vast majority of my current portfolio was bought between 3/15 and 4/15. So unless that pullback is like 25% which it wont be, all at once anyway; I'll still be in a good place compared to how I felt about a month and a half ago. We are so far off bottom; we are going to need some truly shocking, tragic new news to go anywhere near 2300.
This post was edited on 4/29/20 at 12:33 pm
Posted on 4/29/20 at 12:43 pm to Pendulum
quote:
shite, as of end of trading yesterday I was up 5% YTD. Vast majority of my current portfolio was bought between 3/15 and 4/15. So unless that pullback is like 25% which it wont be, all at once anyway; I'll still be in a good place compared to how I felt about a month and a half ago. We are so far off bottom; we are going to need some truly shocking, tragic new news to go anywhere near 2300.
My 401k is up 18% this year on pure luck.
My employer dumped a lump sum X% of my salary into my 401k on my one year anniversary. They also didn't match before that point so I wasn't contributing.
That lump sum hit mine right around March when everything was falling apart. I've got all my funds set up as Vanguard Market index funds.
I know it's small potatoes overall, but I got lucky with the timing on that.
Posted on 4/29/20 at 12:47 pm to Dr Rosenrosen
quote:
But I believe the market is going to give almost every industry a pass for what is sure to be a terrible Q2.
Overall, I like the chances of the S&P 500 ending 2020 well north of 3200.
You might be right but i'm betting they won't and a large re-balance is getting close. I have a target of 2970-3000 but who knows. Me reducing exposure ensures me some good profits and if it turns....some cash to put to work later. If i'm wrong...won't be the first time but some profits are in the bank.
Fed interest rate decision in 10 mins. for those interested. could be a market mover...dunno
This post was edited on 4/29/20 at 12:51 pm
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