Stock Market: The Thread

[fan_since79]

At what point in time did the Fed's mandate expand to include performing every possible monetary trick to make sure we don't lose any money ever?

[Lhalo]

23 minutes ago, fan_since79 said:

At what point in time did the Fed's mandate expand to include performing every possible monetary trick to make sure we don't lose any money ever?

When a bunch of bankers met on Jekyll Island. 

[Lhalo]

With the way the futures look I wouldn’t be surprised if the markets trip the limit down circuit breakers tomorrow. 

[fan_since79]

I just saw the 10-yr bond at 0.52%. That's insane.

edit: now 0.48%

Japanese market down almost 6%

[fan_since79]

S&P 500 futures have been halted at a 5% drop.

This could be very bad tomorrow. Full on crash possible. Hang on, not the end of the world.

.

[Lhalo]

It seems all the money is flooding into US treasuries and precious metals. Bitcoin is down so it seems like when the SHTF nobody trusts that garbage. 

[yk9001]

12 hours ago, fan_since79 said:

At what point in time did the Fed's mandate expand to include performing every possible monetary trick to make sure we don't lose any money ever?

Have you not heard the president of the United States talk to the Fed through Tweets in the past three years?

[Lhalo]

S&P went down 7% a few minutes after the opening tripping a circuit breaker for a 15 minute pause in trading. 

[fan_since79]

Oil stocks, airlines, cruise lines are getting killed today.

Dow has recovered slightly, 600 points off its low.

[ten ocho recon scout]

If you were to buy stocks today, at low prices, even knowing they may dip more, but were planning on holding them for a couple of years, would that be a bad idea?

Ive never bought stocks before. But a buddy at work said now is the time to buy up in things like the airlines, because it will go up once the hysteria is over.

Bad idea or good idea?

[yk9001]

14 minutes ago, ten ocho recon scout said:

If you were to buy stocks today, at low prices, even knowing they may dip more, but were planning on holding them for a couple of years, would that be a bad idea?

Ive never bought stocks before. But a buddy at work said now is the time to buy up in things like the airlines, because it will go up once the hysteria is over.

Bad idea or good idea?

With all due respect, stocks are not at 'low prices'.  They are back to like June, 2019 prices.  Certainly NOBODY on this board (or at all) knows if this is "low".

If you are serious about it, and have a chunk of money (call it X), the best bet may be to dollar cost average in.  Buy 1/3x now, 1/3x in two weeks, 1/3x in two weeks after that.

[yk9001]

Stuff like this leaves a mark

 

[yk9001]

Oil and gas producers are SUNK.

They literally cannot be profitable with where the Saudi and Russians have put oil prices.

[yk9001]

And when prices go this low, we will soon start to see what companies are leveraged.  Margin calls are coming.  There could be some real ugliness.

[ten ocho recon scout]

40 minutes ago, yk9001 said:

Stuff like this leaves a mark

 

I may seriously look in to going to italy soon, if the flights are cheap.

[yk9001]

On 3/6/2020 at 12:22 PM, mrwicked said:

Nice, even cheaper. 

Even cheaper today

[Catwhoshatinthehat]

43 minutes ago, ten ocho recon scout said:

I may seriously look in to going to italy soon, if the flights are cheap.

They've quarantined the Northern part of the country and about 17M people.  A few weeks back they started canceling the flights I believe to Milan while keeping the ones to Rome from LAX but that may have changed as well.  If you were to go any time soon you're dealing with panic, closed businesses/sporting events/museums and the list goes on.    

Russia is tanking the oil market to try and force out US shale producers who are levered.  Seems kind of short sighted because even once the dust settles new companies will come along or those that survive will pick up the slack but money trumps everything.

[fan_since79]

I thought Putin was Trump's buddy. Why is he doing this?! Doesn't make sense.

/sarc

[Lhalo]

1 hour ago, ten ocho recon scout said:

I may seriously look in to going to italy soon, if the flights are cheap.

https://www.reddit.com/r/Coronavirus/comments/ffa2tf/testimony_of_a_surgeon_working_in_bergamo_in_the/

[Lhalo]

Halliburton is having a good day.

[Angel Oracle]

Gas prices outside California = probably 1.50/gallon by a month from now.

Gas prices in California = still probably 3.00/gallon by a month from now.  

And still, crappy roads in California, but hey we have a bullet train sucking money from the budget that will not nearly have the demand needed.  

[ten ocho recon scout]

1 hour ago, Catwhoshatinthehat said:

 If you were to go any time soon you're dealing with panic, closed businesses/sporting events/museums and the list goes on.    

But I bet the Africans selling selfie sticks are still out in platoon sized elements.

[Lhalo]

10 minutes ago, ten ocho recon scout said:

But I bet the Africans selling selfie sticks are still out in platoon sized elements.

The counterfeit purse industry over there must be in deep trouble lol.

[ten ocho recon scout]

Just now, Lhalo said:

The counterfeit purse industry over there must be in deep trouble lol.

Something tells me that even with everything shut down, it still sucks to drive in Rome

[yk9001]

The dow is down to October 2017 levels, 10 months after that doofus was sworn in.

Not great, bob.