stock market was up today...

#9,355
#9,355
MontyPython said:
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.
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So, the funding for the "Vote Trump" checks wasn't approved by the Democratic controlled House?
 
#9,357
#9,357
Guy was just on Bloomberg saying that dispute the Fed's actions, there's a lack of liquidity in the bond market which helps explain the wild price swings.
 
#9,358
#9,358
We are going to see a MASSIVE jump in unemployment claims. Even without mandatory complete closures, people are not flying or going to the movies or restaurants. They are not going to the retail outlets, other than food and essentials. Spending is slowing to a trickle.

To keep this service economy afloat for 3-6 months, and to provide liquidity to restart it once the crisis passes, is going to take tens of trillions of dollars, not hundreds of billions.
 
#9,363
#9,363
ETPTRF5WoAYlKaN
 
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#9,364
#9,364
Velo Vol said:
ETPTRF5WoAYlKaN
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Some may see this as an opportunity, others with just 401k's may not. Losing 30 to 40% of one's entire investment, with additional losses on the horizon, may cause those in the latter half to lose faith in the system. After witnessing 15 years of my own investments disappear within a matter of weeks is more than just a concern at this point.
 
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#9,371
#9,371
rjd970 said:
This is crazy
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It isn’t so different as what each country is asking it’s own citizens to do voluntarily internally. But yeah it is kinda crazy just based on the historical ease of movement. But so is me sitting in my study at home and teleconferencing for the near future even though I’m perfectly healthy, right now anyway. Interesting times indeed.
 
#9,372
#9,372
If this thing blows over by May and the summer demand picks up, there is some money to be made with oil ETFs right now.
 
#9,373
#9,373
rjd970 said:
If this thing blows over by May and the summer demand picks up, there is some money to be made with oil ETFs right now.
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If looking for bounces, I'd stay away from oil and travel/leisure/hospitality.

Oil has negative fundamentals working against it other than demand destruction because of the virus, and it'll be years before travel/leisure/hospitality begins to rebound. I'd buy some of these beaten up tech stocks.
 
#9,374
#9,374
0nelilreb said:
Some crossings are designated for truck traffic into Canada . The peace bridge and The thousand islands bridge crossing , have a huge amount of goods going back and forth
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I've been on both bridges, though it's been many years. You ever go up north?
 
#9,375
#9,375
05_never_again said:
If looking for bounces, I'd stay away from oil and travel/leisure/hospitality.

Oil has negative fundamentals working against it other than demand destruction because of the virus, and it'll be years before travel/leisure/hospitality begins to rebound. I'd buy some of these beaten up tech stocks.
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Play it safe and buy an index fund? Hell everything is on sale why not spread the risk around. 🤷‍♂️
 
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