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#251
Mar 16 2020 03:44pm
Quote (excellence @ Mar 16 2020 09:09pm)
glad i havent bought stocks yet. a bit of btc thursday night but nothing crazy. there hasn’t been any “good news” other than the virus seemingly slowing down in Asia. Europe who knows how long it will take and same with USA, even if most of the population acts right there are too many stubborn boomers and zoomers running around. prob a few more weeks of turmoil unfortunately with lots of swings like we saw last two trading days.

fundamentals and valuations probably all got dragged back into reality now, lets see who starts shopping first among the big firms.

too bad part of my retirement portfolio is shot for now as I didn’t shift it to money market in time and i just said fuck it ride it out, but i never planned to retire anyway *LAUGH OUT LOUD*


We'll be over this period in 3-4 months my friend. Asia is fine and dandy. Most European countries & US are taking it seriously now.

I'm actually a lot more optimistic than I was last week.
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#252
Mar 16 2020 03:58pm
Quote (dro94 @ 16 Mar 2020 17:44)
We'll be over this period in 3-4 months my friend. Asia is fine and dandy. Most European countries & US are taking it seriously now.

I'm actually a lot more optimistic than I was last week.

yeah this is the same guidance my shop got. this is a shock and uncertainty period rather than absolute meltdown due to nearly insolvent systems circa 2008-2009. lets hope for good news soon with an early and hot summer.

im fortunate to be at a remote-option job, not a lot of people have jobs with that flexibility.

This post was edited by excellence on Mar 16 2020 03:59pm
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#253
Mar 16 2020 04:02pm
Quote (ofthevoid @ Mar 16 2020 04:42pm)
And for those that are under?

> I know you just lost 20 k but it's no big deal because the rich predominantly were hurt


Notice the line right before that about who's hurt by stock declines
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#254
Mar 16 2020 04:06pm
Quote (balrog66 @ Mar 16 2020 05:44pm)
Holding stock is a risk. You knew that before you bought it.


Risk is not the point of this conversation. There's this perception on the left that stock market crashing or the economy doing bad is somehow a rich people problem and when government takes steps to ease the pain it's somehow rich people welfare. When in reality pretty much everyone is impacted one way or the other. If Boeing, the airline industry, travel industry all start to go belly up because "fuck the corporations we should instead give free college for everyone" what do you think happens with the hundreds of thousands if not millions of jobs? It's not millionaires wiping down planes after you step off one, it's not millionaires serving you a beer on a cruise ship.

This post was edited by ofthevoid on Mar 16 2020 04:07pm
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#255
Mar 16 2020 04:19pm
i too believe that enormous groups of diverse people all feel the same way about things
cos that's what the cool kids are doing
along with jnco jeans
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#256
Mar 16 2020 05:48pm
Quote (duffman316 @ Mar 16 2020 02:41pm)
Im 20k in the hole at the moment and bought some Disney stocks

How is everyone else doing


I don't want to check my 401k

Hoping for a quick end and a rally
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#257
Mar 16 2020 06:00pm
Technicals point to spy bottoming out around 1800

I’m cash since Friday rally. Left with 30% losses

This is going to get worse
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#258
Mar 16 2020 06:07pm
What would means "US Dollar collapse" ?
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#259
Mar 16 2020 06:09pm
Quote (Bazi @ Mar 16 2020 08:00pm)
Technicals point to spy bottoming out around 1800

I’m cash since Friday rally. Left with 30% losses

This is going to get worse


You doing spy puts on the way down?

This post was edited by obisent on Mar 16 2020 06:10pm
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#260
Mar 16 2020 06:23pm
Quote (obisent @ Mar 16 2020 07:09pm)
You doing spy puts on the way down?



Right now

240 3/25 spy put
228 2/25 spy put
100 4/9 dis put
94 4/9 roku put


Have all these positions since 3/10, can pm /text u pics

Friday I took a huge hit but I held. Still holding, I think bottom is 1800, that’s the 45% correction and the charts point to strong technical strength there

If this was april/may and virus had already hit us , and market was 2400, I would bet on rally from that support but we are just too far away from the worst of this imo. My money clearly where my mouth is

Didn’t even buy shares here at 2400 despite it being such a strong support, waiting til 2100 or less

If I’m wrong I’m wrong, this is what I think.

This post was edited by Bazi on Mar 16 2020 06:24pm
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