As much as I would prefer to see the stock market drop 10,000 points today, it’s very likely to bounce. This is the nature of the beast — the path of maximum pain. In this instance, pain is being applied to early dip buyers. After said dip shitters get bogged the fuck out for their entire accounts, markets will bounce.
So how do you play it, small pleb?
With my money, I like macro leveraged ETFs — because I have a large cock. TNA or maybe SOXL is my speed. For you, perhaps options or maybe a little SPCE hi-jinx ahead of earnings?
One thing is for certain, the second fuckers commit to being bearish, the Fed or some other government hand will absolutely rape short sellers again, sending markets to record highs amidst the Black Plague and death and famine by locust.
Earlier on, I day traded in and out of SOXS for +2.6%.
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The sell-off feels too orderly. Even yesterday’s 1000 point drop on the Dow seemed devoid of the panic you would expect from that headline. Anyway I’m sitting on a lot of cash doing nothing except waiting for the Central Banks to ride to the rescue with more concocted schemes to inflate asset prices. Powell and Mnuchin must be meeting at this very moment to coordinate.
Maybe this is it boys. No plunge protection team, no bull market.
The US corporate govt formally defaulted on Feb 16
Away we go – the economy will need ECMO
Prepare for the dragon.
The only thing left to ride is hi-ho Silver
QQQ went up 12% **after** China anounde the Coronavirus. I think Metalg was right: the FED knows the market is a bubble. They tried to address it in 2018 by raising rates and got the blame. Now they will let COVID-19 take it to a reasonable level, where assets aren’t sky high but investors aren’t totally paniced.
A plunge too fast: panic -> bear market -> recession
A decline too shallow: complaceny -> dip buying -> bubble expands
Ideally (from the FED perspective), this would be gradual, decline of 10-15% over several days (2 weeks).
The Fed doesn’t have too many bullets left and to use it now, in the face of COVID, would be useless. We’d get a pop and then a big drop. Not sure when they will decide to use it because there are so many variables at play, including the election. A 10-15% drop will annihilate many pensions so anything short of a re-pump to new highs is going to create much pain for many.
The COVID mess will have to be brought under control, or news of such, before there’s can be any sustainable rally.
For private *retirement accounts* a 10-15% drop is nothing because many are heavily invested in Treasury bonds.
For public pensions, the problem is basically unsolvable without tremendous pain, regardless of whther the market goes up or down 15% from here. The only question is whether to dole out the pain by Generation (Millenails pay for Boomers Social Security and Gen-Z pay for Boomers National’ Debt) or by class (the tax laws and inlfation policies that favor asset owners over workers).
The establishment (of both parties) is firmly in favor of Socializing the Baby Boomers expenses (generational redistribution), but the Millenials aren’t falling for it, and ulike Gen-X, have enough voting power to make a difference.
That is why “liberal” billionaires are so afraid of Bernie. Why else is Bloomberg running?
Well, I won’t buy trash stocks like NNVC or STMP. No disparagement intended, Fly: you predicted how the masses would react and rode the garbage wave well.
Also, look how shill MotleyFool Rich-at-other-expense Smith has changed his tune:
Then
“CEO Ken McBride confirmed that Stamps.com now has both a ‘great new partnership with UPS’ and ‘new, long-term agreements [with] the USPS.’ ”
https://www.fool.com/investing/2020/02/20/why-stampscom-stock-soared-55-today.aspx
Now
“It still has its partnership with UPS intact. It is also ‘continuing to promote the [post office’s] services under … partnerships with the [latter’s] resellers.’ ”
https://www.fool.com/investing/2020/02/24/why-stampscom-stock-dropped-11-today.aspx
A deal with *multiple 3rd party* middlemen is a long way from the cash cow *exclusive* deal they had *directly* with the USPS. Which is it?
From the earnigns transcript:
“the USPS has now astutely signed new, long-term agreements with their reseller partners.”
Creative use of the word [with], @sshole.
Prepare for the dragon. Trump is clueless about anything besides stealing tax payers money and can’t stop what’s about to happen. Stocks are unbuyable until April
I deployed into some indexes today. Watch out for air pocket risk here, friends.
Fear and greed is at 26, NYMO hit -90 or some shit. Who cares just buy AAPL like you know you should you cunts.
Bad move. Without knowing how long the Foxxconn problems will last, why should someone buy AAPL? When iPhone supplies dry up around the world and AAPL can’t service that demand, people will buy other phones. That’s to AAPL’s long term detriment.
I don’t think that is true at all for iOS users.
I agree that there are many loyalists to Apple but if it’s a choice between an Android or no phone at all, they will choose the Android.
Which Android phone?
Especailly now that the *pan*-demic has hit South Korea hard, I don’ think their are any manufactures that *won’t* have production issues.
Ugh. No they won’t.
U did it again. You made Marketwatch alert. Keep up good work. Some day i’ll breakdown and join Exodus
I’m guessing that Exodus has pegged OS yesterday, but I don’t see the buyers.
Would love to see market and economy destroyed between now and November so Trump loses his reelection bid. Yes, I despise that moron that much. Not because of his policies, but because I think he is low IQ, a liar, and an all-around terrible person. I’ll take my chances with a Democrat.
What’s funny is that the Democratic Party didn’t learn anything from 2016.
Who was the hand-picked candidate?
Clinton – some character falws, but perfet resume.
Who was the one Republicna they REALLY wanted to run against, the one the Republican Party really REALLY didn’t want to be their nominee?
Trump.
How did that turn out?
Now even thoguh Bernie does better than the others in H2H matchups with Trump – even in most of the swing state – the DP and the media are tryign to take him down – on electibility. Their reasoning: American people don’t like a candidate that offers them free stuff without being able to pay for it.
Right. Americans HATE that, especially #BabyBoomers #NationalDebt #TaxCuts #SocialSecurity
If Bernie is the candidate, the Millenials and Gen-Z will take Trump down. The only chance Trump has is a good stock market, so that liberal BabyBoomers will vote with their wallet rather than their stated beliefs.
However, a good stock market is unliekly, becuase when it comes to the market, what doesn’t go up, goes down – sideways for 8 months isn’t going to happen and it will be difficult for another PE expansion after 2019’s big year.
Not saying it’s good or bad, but people with skin in the game are not betting on Bernie.
https://ftx.com/trade/TRUMP
Lol the what???
Didn’t our beloved and revered leader tell us to buy the market yesterday?
Bernie will be out president. Guaranteed!
Too bad Bernie, just like Obama, will be inheriting a ginormous mess of an economy and stock market!
Figured out my next big move: so easy and SEXY – but I’m not telling you guys.
I offer you apples from my farm and don’t even get a thank you.
Everyone’s heartbroken
Well, I know that many of you are most definitely disappointed that that’s one less opportunity to bite my ankles *if* I’m wrong and simply ghost *when* I’m right
TLT up again, stocks, cryptos and *gold* are down
Here’s a mishapen apple anyway (not my sure thing) for you to nibble on:
ROKU is up today -> bullish
I think I’m like 8/8 on this stock