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I know no one knows, but what are yall opinions about the market?
Posted on 6/11/20 at 7:59 am
Posted on 6/11/20 at 7:59 am
I know no one knows, but what are yall opinions about the market? I think it is just a correction but the rising covid cases and all the other BS certainly will not help the situation.
This post was edited on 6/11/20 at 2:28 pm
8
Posted on 6/11/20 at 7:59 am to Tigerb869
quote:
but the rising covid cases
Posted on 6/11/20 at 8:01 am to Tigerb869
My guess is 2960s on the sp500. That would be roughly 9-10%.
Correction; thinking 2640-2870 now but never know
Correction; thinking 2640-2870 now but never know
This post was edited on 6/12/20 at 7:40 am
Posted on 6/11/20 at 8:31 am to Tigerb869
I sold off my short-term stocks on Monday because I felt weird about how well it was going. I will ride out my long-term and pick up some deals with my short-term gains.
Posted on 6/11/20 at 10:21 am to Tigerb869
quote:
rising covid cases
Posted on 6/11/20 at 10:29 am to Tigerb869
The media is trying to start the “second wave” bs. It is not true
Some states are seeing spikes
But the National positivity rate was at a record low yesterday.
Some states are seeing spikes
But the National positivity rate was at a record low yesterday.
Posted on 6/11/20 at 10:36 am to HailHailtoMichigan!
The more you test the more you will find. I do not think a second wave is coming.
Posted on 6/11/20 at 10:57 am to Unberlievable
quote:
The more you test the more you will find. I do not think a second wave is coming.
There are a lot of healthcare professionals that think there will be a second wave in the Fall. That said, I don't think we will overreact to it and shut down our economy like we have thus far.
Posted on 6/11/20 at 11:18 am to Tigerb869
Should bounce near here
Posted on 6/11/20 at 11:19 am to AUHighPlainsDrifter
quote:
I don't think we will overreact
There are plenty of democrat politicians that I'm damn sure will overreact.
Posted on 6/11/20 at 11:25 am to AUHighPlainsDrifter
Second wave will be earlier than the fall, due to all the protests/riots. This will allow the Democrats to shut down the economy again and continue the shut down until there is a vaccine.
Posted on 6/11/20 at 11:38 am to Tigers4life
quote:
Should bounce near here
And there it is but overall be surprised if it's done. Bought some ZI and ERI for a trade here. Fingers crossed
Posted on 6/11/20 at 12:00 pm to Tigerb869
quote:IMO if we are >3200 & >27K rolling into September, we'll be doing well. But those valuations at present were inexplicably high.
I know no one knows, but what are yall opinions about the market? I think it is just a correction but the rising covid cases and all the other BS certainly will not help the situation.
It's anybody's guess, but I'd expect we'll undulate in a trading range, maybe 2600-3200ish, through the summer.
I expect we'll churn various STCG plays until the market breaks out.
Buy the rumor, sell the news (?early July?) in healthcare (e.g., MRNA, REGN).
We'll settle into some safe dividend stock positions to hold at least through the summer.
Posted on 6/11/20 at 12:09 pm to FlyingTiger1955
quote:
Second wave will be earlier than the fall, due to all the protests/riots. This will allow the Democrats to shut down the economy again and continue the shut down until there is a vaccine.
After the absurdities of the MSM and "health experts" proclaiming that protests, riots, looting and arson was more important than coronavirus, I don't think they will have much credibility among people with a mind of their own.
The reality is that the protestors and rioters were almost all young and they may get the virus, but half won't have symptoms and the rest will have milder reactions and won't need hospitals for their cold or flu like condition.
The fear porn seems to have spooked the market though.
This post was edited on 6/11/20 at 12:10 pm
Posted on 6/11/20 at 1:44 pm to Auburn1968
So they won’t spread it to their parents and grandparents? How many infections are generated off one person? Too much is not known about this virus and how the Chinese developed it to say we know how this ends. I don’t think we should buy Trump’s propaganda on this because he is only concern with his re-election not with the health of the American people. I believe round 2 of this will be much worse than the first round, simply because people assume that everything is ok.
Posted on 6/11/20 at 2:10 pm to FlyingTiger1955
It's not some intractable problem.
People who are high risk should continue to shelter and take all precautions. Most are retired so won't have much of a negative economic effect other than spending even more of their money with Amazon rather than a local business.
People who are healthy, younger and without serious comorbidities have very little to fear. In NYC, the below 65 demographic had only 11/100,000 deaths and the 18 and below 0.
Those are just the facts.
People who are high risk should continue to shelter and take all precautions. Most are retired so won't have much of a negative economic effect other than spending even more of their money with Amazon rather than a local business.
People who are healthy, younger and without serious comorbidities have very little to fear. In NYC, the below 65 demographic had only 11/100,000 deaths and the 18 and below 0.
Those are just the facts.
Posted on 6/11/20 at 2:18 pm to FlyingTiger1955
quote:We will not have a national shutdown again. There are a number of reasons for that. Suffice it to say, a US shutdown is off the table.
This will allow the Democrats to shut down the economy again and continue the shut down until there is a vaccine.
I doubt many governors will have the moxie to re-shut their states individually. Some may. Not many though.
Posted on 6/11/20 at 4:38 pm to Tigerb869
Did not like how Powell set the GDP bar so high for next year. Would rather set the bar lower and beat the number.
This post was edited on 6/11/20 at 4:39 pm
Posted on 6/11/20 at 4:39 pm to NC_Tigah
no more shutdowns just more money for all. too many unemployed dude. trump have to fire it up again soon $$$
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