re: Will the markets be back in the green on Monday?

Biden

This was the market reaction when Biden won those northern states

Seems like a day traders wet dream. Market running up and down in huge swings day to day. You’d have to imagine there’s gonna be another big run down at some point when more virus news comes out. Then, right back up cause...why not

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Glass is half empty for you perpetually, isn't it?

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Why you riding my posts so hard? Do you think what I posted is in correct? or is it that I don't have sunshine and rainbows in every post that upsets you? Stop clutching your pearls every time I post

Not really sure why you’re being downvoted. That’s pretty much what’s going on: erratic price action and high volatility.

I have to admit though, as a premium seller, I’m enjoying the increased IV and the $ that come with it. Just have to avoid price moves outside of expected ranges (short strikes), so I don’t get run over as the train goes back & forth.

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I guess someone will always be trying to a bigger deal out of something than it really is.

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And that’s the crux behind why I’m getting downvoted. I truly believe the virus is a bigger deal than you and most other people. Anyone doubting now that we are gonna have 10s of thousands of cases in the US? I get vast majority of people don’t think this virus is a big deal, but do you folks think the public will mimic that view point when the virus is spreading in their area?

We are basically waiting on a vaccine, because there are too many cases worldwide to stop. If you stamp out the virus in one area, what happens when that country opens its border back up? In the case of China, if they truly have eradicated the virus. What happens when they try and reopen travel to the rest of the world? Another infection spread. So, either stay quarantined for months (not economically reasonable at this point), or just deal with the virus as it infects your population. The later is kinda scary, and it’s essentially the route the US is taking.

I don’t think this is the bubonic plague, and all signs point to a mortality rate of .3%-1%. Probably much closer to .3, but with how infectious the disease is and the lack of therapeutic/vaccine, has made me pretty concerned. Unless warm weather can slow this thing down or we whip up a vaccine in the next few months, we are going to see a massive spread worldwide.

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... I'm 90% cash including 401k.

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I hear you. It's tough. Bought BA last week at $288 (IMO that is a great price). Then it dropped to $270, bought again, doubling down. Sold that position at $290. Repurchased today at $269. Sitting on a ~$278 cb. Just one of a litany. Crazy market.

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. I truly believe the virus is a bigger deal than you and most other people

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We know. I’m saying you are being over emotional. Most of the world isnt cramped in as closely quartered as china. It’s being over blown, with your estimates of .3-1% its like a moderate to severeIsh flu as the worst case.