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Misc Stock Market

metwannabe said:
Should I be concerned about my savings and money market accounts? Serious question, if rates go negative and banks pass that cost on to their depositors will people contemplate taking their money out of the bank, which obviously causes additional issues?
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Hard to see negative rates in the US. If they do go negative, I feel like that would be pretty short-lived. If you only have a couple thousand dollars, I suppose you could put it in a safe or something, but if you have appreciably more, there's not much you can do, unless you buy securities or hard assets. However, liquidity might be at a premium for a while.
 
Rain Cold said:
Hard to see negative rates in the US. If they do go negative, I feel like that would be pretty short-lived. If you only have a couple thousand dollars, I suppose you could put it in a safe or something, but if you have appreciably more, there's not much you can do, unless you buy securities or hard assets. However, liquidity might be at a premium for a while.
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Crazy to think that we might have to pay the bank to keep our money.
 
Airlines announcing this morning massive layoffs and grounding of their fleets.
 
And now the Feds have run out of bullets (for the most part). They are restarting 700 billion in QE in addition to the zero rates. There were a lot of us saying the last few years we didn't need to lower rates while unemployment was at it's highest in over half a century. Even though POTUS blasted the FED relentlessly. I guess in a way he is getting what he's been after this whole time. All the corporate tax cuts already baked in too.

That's why we should have been focused on balancing the budget while the economy was so strong. Not increasing the debt back over 1T. That's on everyone in Congress though, not just 1 party or person.

But now nothing is going to stimulate hiring, it's not going to stimulate spending. I don't see how it effects R&D in the near term. It may help soften the overall blow. I guess by cushioning the landing that's really all they can do at this point.
 
This could very well be the death knell to retail as we know it. So many were already operating on razor thin margins there's no way this doesn't put them serious in the red. What VC's are going to want to step in that arena? Check out ticker DRV. Triple inverse short commercial real estate. Pre-market up 32%. It will double it's price from 3 weeks ago today.

www.cnbc.com

DOW 30

The latest market data for all 30 stocks in the Dow Jones Industrial Average.
www.cnbc.com www.cnbc.com

Other than that, I see robo advising and minimal fee etf's completely taking over the investment arena. Why have a broker if it's just a losing proposition with fees? Unless they offer some unique tactically managed accounts that limit downside or income producing notes I don't see the appeal.
 
Webberweather53 said:
No doubt we've had some bad days on the market lately, but this is arguably the worst the Dow Jones ETF has looked pre-market in any day, down 11.2% and plunging.
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Yeah, this aint good. I knew I should have loaded up again Friday on SQQQ. It's up 30% premarket. But the swings are so wild and stressful right now I needed a breather. I'm going to wait and see what happens to these resistance levels this week. Today through Wednesday would be my guess we test it on the S&P (which is the benchmark I use).
 
We have the potential for multiple days w/ virtually double digit losses on the Dow, the only other time that happened was during the Great Stock Market crash of 1929 right before the Great Depression. There really is nothing else to compare the magnitude of the impact this virus will have on our economy. Obviously, our saving grace will be that this shouldn't last anywhere near as long but the effects from CoV-19 will permeate throughout the economy for years to come.
 
Webberweather53 said:
We have the potential for multiple days w/ virtually double digit losses on the Dow, the only other time that happened was during the Great Stock Market crash of 1929 right before the Great Depression. There really is nothing else to compare the magnitude of the impact this virus will have on our economy. Obviously, our saving grace will be that this shouldn't last anywhere near as long but the effects from CoV-19 will permeate throughout the economy for years to come.
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Weeks ago I was laughed at for saying this would be worse than 911 on the economy. Now we can only wish it was just as bad as 911 and not the next crash
 
Man! I bet some people made a killing already this morning selling put options and short selling. Wow. It pays to know wtf you’re doing when playing with the stock market. And I do not...yet
 
Jimmy Hypocracy said:
lol this is why I’m sitting here watching people make money, and not doing it myself ?
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Yea.. and depending on the premium it still may not be worth buying puts. With so much volatility no one wants to see calls/puts so they charge an insane up front premium
 
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