Read a good twitter thread regarding unemployment figures before. The jist of it was, it's not totally accurate to compare current unemployment figures to previous years, when some of the current unemployment is temporary and people have jobs to go back to.

A better measure would be how many have been permanently displaced, which is more difficult to quantify because it involves redundancies plus some subjective figures based on how likely firms are to take workers back.

Still terrible, but there is a silver lining.

yeah that's impossible to do atm though

the counter argument is federal government is historically a week behind when processing unemployment claims

we won't know the real fall out for some weeks down the line unfortunately

in the meantime, keep calm, avg down on disney and place puts like there's no tomorrow my friend

idk if ur being sarcastic haha

my portfolio is mostly cash atm after Friday including my Roths with exception of high AMD amount which I got in the teens anyway so I will hopefully never sell that. my degenerate option gambling money is uber, Nordstrom, Disney, spy puts.

edited to add the word degenerate

This post was edited by Bazi on Apr 10 2020 11:47am

I only started investing in stonks about 2 years ago and as of now I'm just about even from that beginning point...I am seriously considering selling most of my stonks and buying if/when it goes down again soon. Something tells me trying to time the market is a fools errand though, seasoned investors have the jump on everyone else.

Didn't work. I still have TP.

Agree to a point. I’m biased because I’m medical. Just feel like market has a prices in back to normalcy in May...but this is far from the truth. We won’t go back to normal living for months down the line, summer at earliest. The jobs losses won’t pop back as fast as we lost them , imo

I think Wall Street and Main Street too out of touch atm.

Those are my fundamental points

From technical point which I put a lot of stock in I think this is a text book bear rally

Bought some more BTC, bought some V got back into my BA position.

273 holding so strong

Exited puts

Calls Im looking to get in:
MFA
AGS
SPY

End of day will decide. Fuck fundamentals this market is broken, will fall at some point but it’s being propped up hard atm. Just trade on technicals lol

This post was edited by Bazi on Apr 13 2020 11:18am

I'm starting to position my portfolio towards a stagflationary environment, fundamental are key long term. Metals exposure through FCX, have BTC and adding, have some tech and slowly adding using dollar cost averaging and then have some beaten up names like BA that feel like a bargain because they've been destroyed. At this point i'm still like 60-70% cash and still short term bearish but i do think it's wise to start nibbling at certain names that look appealing.

I think earnings season will create some real winners and losers. People are expecting garbage earnings from most companies, there could be a really nice surprise when for example you have some tech companies being barely impacted but they are down 20%.