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Look what's getting hammered today -- airlines, cruises, hospitality, etc. The virus is ripping, there's no help in sight, and there's no coherent plan.Originally Posted by RoyBacon
But hey, Amy Coney Barrett's gonna get confirmed to help take away health care protections, with no replacement in sight.
Yeah 339.30 is SPY.
Bouncing up a little now. This afternoon is going to be fascinating. Truly could go either way.
They ain't the only ones...just the weakest. The Nasdaq is getting slaughtered too and they have the virus/tards to thank.
Hey I bought a slug of SPY puts that are soaring. No hurry to sell. Dem oligarchs and their companies are like a dog chasing a truck and it's just about to catch the back tire.
ROY which vaccine is getting approved in the week or two? It's not JNJ, not Moderna, Not Pfizer, Not any of the ones in England.
Which one are you talking about? two of the biggest ones just got paused within the past week.
I don't know. But I have heard that 2 companies are ready but want to wait until after the election to file for emergency approval. High risks candidates, elderly & 1st responders, could be approved in a matter of days afterwards.
A dem controlled senate will reduce the value of equities by 15%-20% just based on the corp rate going from 21% to 28%.
If biden wins and repubs hold the senate there will be no corp tax increase. So we are in for some choppy trading for a while imo.
Market wants biden victory. He is stable. Market does better under dems. Reagan jumped s.s. Up 11% adding both sides. Why it went up under him.
Roy only watches fox. He has to wait til they tell him.
Trump calling Mitch to tell him pass stimulus. Funny Mitch is ruining his chances to be re elected. Maybe he has grown wary of another 4 years of a fascist. I mean Mitch doesn’t need him anymore because he has the courts. Trump thought he was using Mitch but Mitch is smarter.
339.30 was not helping. It stalled for a little while but now the march down continues. I see 336 on the tape maybe by the end of the day. I'm short now on the SPY now that 339.30 is broken.
Closing in on 900 pts.
Probably should have come together on a Covid Relief package.
To prop up an overvalued speculative stock market near all-time highs?
With 401k's constantly pumping money into the market?
You and Joe Biden related??? Neither of you make a lick of sense.
The tax free stuff and gold are down a little today, they can still be bought.
Maybe a virus deal is done and there is a bounce up it will be short lived until we figure out who will control the senate.
So just forever prop up the market because 401k's? It'll do what it does over time based on actual events. Can't make policy as a reaction based on propping it up.
Constantly pumping money in doesn't mean constantly going up. Money was also pumping in during every bear market.
Bulls stepped in to defend the cloud!
SPY with Ichkimoku, pitchfork, upward channel and the gap area!
Last edited by Lineman; 10-26-20 at 01:32 PM.
let's see if bulls can score a field goal!
let's see if bulls can score a field goal!
Anyone like Draftkings stock as a long-term play? $15b company right now.
My concern is folks taking CAP gains before year end if Biden wins. We could see a big dump EOY.
The 401K input is what most people don't understand.
LOVE long term just be careful short.
$39.69 now. What kind of short-term bottom might we see? It's already fallen pretty hard this month. $30 or so looks like low since mid-May. Hard to imagine falling beyond that without serious problems. FWIW I play there and they do have website issues more often than they should. I guess I just wonder whether they have enough edge on the multitude of competitors that are forthcoming.
Yeaaaa .....
https://www.cnbc.com/2020/10/05/gold...blue-wave.html
https://www.cnbc.com/2020/10/05/gold...blue-wave.html
I think that's why markets had been rising. Expecting a blue wave.
If they are gonna sell you shares of winners you fukin take, it’s not a matter of if, but when and how many times stimulus is coming, trying to guess the day these politician fuks will walk out holding hands is useless.
Just add where you are underweight, it’s really easy right now....but if you can’t take volatility go to bed with your money every night.
The same ppl trying to time the market lost out on the rally last time and still think Jc penny and hertz have value. They don’t understand the times because they are so focused on the past predicting the future.
The world has changed...just look around and ask your self what ppl want right now and you’ll figure out the right thing to be in, and most of all don’t piss your pants every time Gap downs occur...
I’m just saying covid cases are rising and technology is vastly improved, we saw this movie play out in March-August. what happened then and will it happen again....the companies who were innovative and allowed ppl to live and prosper from a distance were beloved by the market....AMZN, CRWD, ROKU, DOCU, ZM, SE just to name a few....do we think these same names will get extended or are there bigger gains in other names who lagged behind or less appreciated...well, we are already starting to see PINS, SNAP get more love....or who made innovations to get through the second wave....Walmart, Disney just to name some....so...keep looking for these names...
I love Agora;API, I love Rocket RKT, Opendoor IPOB, lemonade LMND, Upwork UPWK, LQDT, BIGC. I don’t think the value of these companies at this moment in time has come but will and possibly during the 2nd wave here..other notables I am adding to with more room to run are PayPal, CRWD, SQ, AMWL. I am still even adding to the proven winners aforementioned.
As for vaccine...I can tell you Pfizer is getting their stuff together quicker than anyone in the US, I haven’t seen any data on the CanSino China vaccine phase 3 yet but many countries already in line to buy...since we have a retarded president more focused on getting his klan to the ballot box than saving lives we’ll just insult the globe until they tell us to fuk off and die.
I am still in the camp of it’s gonna take an extraordinary vaccine to accomplish immunity to a rapidly changing virus and moderna is the most likely to allow the best immunogenic response...I’ve already seen 2 reinfected patients who had covid in mar-May but fortunately both had much milder symptoms so I think as time goes by this will be similar to our seasonal flu.
stay safe guys...and try to avoid large thanksgiving gatherings...I just intubated a 60y/o guy and who knows if he’ll make it...but one thing I can’t stand is ignorance...don’t know how many families I speak to and say “he/she thought it was a hoax” it’s usually the retards getting sick now so maybe at this point just evolution but many try their best and don’t ask for it and not fair to inflict things on ppl just for your own personal idea the earth is flat.
I bought more agora, doyu and added Hexo (weed stock) today
Pretty great time to buy LCA, wish I’d had waiting to add more, my avg is 13, don’t see how this doesn’t 2x next year or two
dude, please tell me you are smarter than that. I really don't care who wins. Trump has accomplished dam near everything. But equity markets will lose value if their taxes increase and growth slows. You can be a tard as you are and that's fine but you can't just become unintelligent because of partisanship.
even the most ardent DEMS would have to admit that we've experienced a "Trump Bump" since just a day or two after election day 2016 that had trajectory and strength at a different level than the one under Obama from March 2009 through Nov 2016. that said, i would hope the most ardent REPUBS would or could acknowledge that while the trajectory may not be as steep going forward under a Joe regime for at least 4 years, we might enjoy *some* decent growth and it will not be a total loss. i was feeling very concerned until i learned what the Goldman Sachs folks were thinking and apparently their opinion is shared by others on Wall Street who just want to say it so they can appear to be nonpartisan.
let's see what happens. either way on 11/3 and into 11/4 and maybe longer, we will likely see some serious volatility or as i like to call it: BUYING OPPORTUNITY !!!
S&P 500 rose 300% and Dow Jones rose 150% under Obama/Biden. Biden will take the Dow to 60K at least and S&P 500 to 10,000.
The market was in the tank when Obama took over in Jan 2009 and it hit the low in march 2009 so there was really nowhere to go but up. If course from that March 2009 low, the longest bull marjetvin history was born and obama did not seem to get in its way for 8Y.
The market Joe would inherit is in nowhere the shitty state that Obama inherited. In my nonpartisan opinion it's difficult to imagine the market getting juiced beginning 11/4/2020 the way it did beginning 11/4/2016 after Donnie won.
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