stock market was up today...

#9,328
#9,328
I've been thinking about a list of names that could do okay if Biden (or even Bernie) were to defeat Trump.

So far:
UBER
Tesla
TAN
FAN
Liquor
Reefer

I don't know if there's a single healthcare company that wouldn't be in danger. Possibly TeleDoc. Generic drug manufacturers?

In addition to healthcare, it doesn't seem like a progressive would be good for energy/oil, financials, health insurers, industrials, materials, defense, gun manufactures. Maybe the technology and communication sectors wouldn't be annihilated. There's a lot of wealth that could be destroyed by radical liberals.
 
#9,329
#9,329
On track for only a +150 rebound at open. That's really bad considering yesterday's epic slide. Probably means more slide today. When it goes through the 20,000 psychological barrier, it'll quickly plummet to 19K I'd think. But, we should have a dead cat bounce here at some point... but not looking like today.
 
#9,333
#9,333
headhunter15 said:
Odds of the economy making a comeback after this blows over...hopefully in the next few weeks/couple of months?
Click to expand...


I think that if we turn the corner on the virus there will be a spring back in the stock market. But its going to take some time for the effects of the sudden and steep downturn in demand for services and some goods to work its way through.

I don't think its going to be a V-type curve back.
 
#9,334
#9,334
lawgator1 said:
I think that if we turn the corner on the virus there will be a spring back in the stock market. But its going to take some time for the effects of the sudden and steep downturn in demand for services and some goods to work its way through.

I don't think its going to be a V-type curve back.
Click to expand...
If clinical trials work out there will be a lot of optimism and I see markets jumping a couple thousand points in a day
 
#9,335
#9,335
People are causing more fear and panic on Facebook by posting that the banks are going to close and martial law is coming.
 
#9,337
#9,337
Not the markets, but it’s causing people to freak out and expect the worst. I don’t think when it was high in China that they were in martial law. Even with Italy on lockdown, is that martial law?
 
#9,338
#9,338
headhunter15 said:
Not the markets, but it’s causing people to freak out and expect the worst. I don’t think when it was high in China that they were in martial law. Even with Italy on lockdown, is that martial law?
Click to expand...
When the government tells the public who and who cannot move about, that's essentially martial law.
 
  • Like
Reactions: FLVOL69
#9,339
#9,339
Big government to the rescue!

ETUtIiVWsAADrSi
 
  • Like
Reactions: headhunter15
#9,340
#9,340
If we can get some stabilization of the rate of spread through all of the actions being taken, say, in the next 3-4 days, then I think you could see a market bottom and things improve from there. Then there will be some reason to believe, for example, that we can return to normalcy in the not too distant future, especially if we can ramp up test kits by a factor of ten (we need 50 million, not 5).

But if we wake up every morning to it continuing an exponential increase, then I don't know how much helicoptering of money it would take to save us.
 
#9,341
#9,341
zeihan dot com
3/17/2020 newsletter
-------------------------------------------
Interesting comment about the US trying to "purchase" a company in Germany (Roche? Qiagen?). "the US government is attempting to wholesale purchase the German firm furthest along in generating the German anti-coronavirus vaccine."
-------------------------------------------

... In the past 96 hours the United States has gone from functionally zero actions against coronavirus to among the world’s most invasive. And unlike other countries – China comes to mind – who have only instituted constraints on specific areas where there are known coronavirus outbreaks, the Americans have instituted their restrictions nationwide. America now hosts the largest population in the world under lockdown.

The speed and depth of the change is something only Americans can culturally manage, and this is only the beginning.

The scale of resource application that is about to occur is nothing less than historically unprecedented, rivaled only by American actions in previous fear-response incidences.

The Federal Reserve’s new bond-buying program to support the markets? Its only analogue is what the same Federal Reserve did back during the 2008 Financial crisis, but this time it was done in a day instead of a month.

The industrial plant’s re-tooling to make medical supplies? Completely unprecedented…unless you compare it to America’s post-Sputnik industrial overhaul.

Want to see something really impressive? Watch the process for crafting, manufacturing and distributing the coronavirus vaccine. The US just started human trials on March 16. That’s a solid two months faster than any such trials, ever. (And if that were not enough, in the heart of the crisis the US government is attempting to wholesale purchase the German firm furthest along in generating the German anti-coronavirus vaccine. Needless to say, in Germany this is perceived as a total dick move.)

Americans are capable of incredible ideological, economic, technological, logistical, military, and cultural leaps when the panic sets in. The coronavirus crisis is by no means anywhere close to being over, but the switch has been flipped. Now comes mobilization.
 
Last edited:
  • Like
Reactions: 85SugarVol, RavinDave, NorthDallas40 and 2 others
#9,345
#9,345
Velo Vol said:
Oh.

Click to expand...


Yeah. Oil has further to fall imo. Demand has declined by 10M barrels/day minimum. Add in the Kingdom's insane massive increase in supply, and price has exactly one way to go. This lockdown / low movement situation ain't gonna change much over the next 3-4 weeks. My guess is the oil low is somewhere between $15-$20.

Also, looks likely now that most everyone will be receiving "Vote Trump" checks in the mail soon (maybe early Aprilish) for ~$1,000. Desperate times call for desperate measures, I suppose. But, the markets still have a ways to go down imo. We're gonna have you just dove in 33 degree water GDP shrinkage in Q1/Q2.
 
Last edited:
#9,347
#9,347
Do you think Trump would sign the second chart if I sent him a copy?

Lou "Skeletor" Dobbs must be so proud to have the first one.

f8dd3559-8717-4b15-8c75-20439bde95ef.jpg

cad55c9e-1d31-4eac-826e-10d662e07da0.jpg
 
  • Like
Reactions: rjd970
New posts
You must log in or register to reply here.

VN Store



Back
Top