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Misc Stock Market

I'll just add one more thing. Right now there's a golden opportunity for any schmuck with some money to earn a fortune. I was too young to invest in the stock market after the 2007 financial crisis, but I know a lot of people kicking themselves for not getting in at the time. I am a complete novice with stocks and have been learning on the fly, but right now I am currently making triple the money day trading stocks than I earn working a 60 hour week at my job. There's no reason that should be happening. It doesn't make sense. Just like it didn't make sense for Carnival and some of these airlines to go up so much at the tail end of the lockdown.

Luckily, I think the people missing out right now have an opportunity to invest when we get to fall cause coronavirus will definitely play a factor when cold, dry air start trampling through the country. A giant red flag of our economic health is all bankruptcies that will be backing up the Federal courts for the next few years. I think it's correct to assume that many individuals and families will be delinquent on their bills and promissory notes. In fact, I've already been contacted by a car lender that wants me to file loan deficiency judgments against people. I have experience in the litigating and defending these types of cases, as well as defending foreclosure actions (Never wanted to be on the side that takes the home as I was a product of a legal aid office). I anticipate business will be very good soon. If so, does anyone think it'd be a good idea to short real estate or financial stocks?
 
I graduated with a finance degree last year. I told myself I was going to wait one year after I started my job (stability/savings) before I started playing in the market. I’ve stuck to the plan but it has been painful to watch from the sidelines over the last month+. Dolla bills to be made
 
Tornadocane said:
I'll just add one more thing. Right now there's a golden opportunity for any schmuck with some money to earn a fortune. I was too young to invest in the stock market after the 2007 financial crisis, but I know a lot of people kicking themselves for not getting in at the time. I am a complete novice with stocks and have been learning on the fly, but right now I am currently making triple the money day trading stocks than I earn working a 60 hour week at my job. There's no reason that should be happening. It doesn't make sense. Just like it didn't make sense for Carnival and some of these airlines to go up so much at the tail end of the lockdown.

Luckily, I think the people missing out right now have an opportunity to invest when we get to fall cause coronavirus will definitely play a factor when cold, dry air start trampling through the country. A giant red flag of our economic health is all bankruptcies that will be backing up the Federal courts for the next few years. I think it's correct to assume that many individuals and families will be delinquent on their bills and promissory notes. In fact, I've already been contacted by a car lender that wants me to file loan deficiency judgments against people. I have experience in the litigating and defending these types of cases, as well as defending foreclosure actions (Never wanted to be on the side that takes the home as I was a product of a legal aid office). I anticipate business will be very good soon. If so, does anyone think it'd be a good idea to short real estate or financial stocks?
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Great post. Personally I’m a big chicken with these speculative stocks. I do put my toe in on a couple for fun. As for financials I am long AXP. I purchased a couple of lots in the mid/upper $80’s and I may add today. VGT has been great for me to park some money in. I am also long NKLA. I own VRM and should have sold yesterday in the $50’s but will hold for now.

These big red days makes me want to add though.

I haven’t touched airlines or cruises. That seems really risky.
 
I don't get ZM at all. It's a one trick pony going against a couple of behemoths and several small competitors. Crazy expensive and in a massive market sell off it's a immune. Going to buy some late fall puts I think.

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Circuit breaker today? I knew this day would come where the media blew Covid resurgence numbers out of proportion. I was just 4-5 weeks late
 
I'd definitely call this your first Covid panic porn fear day in months. Tuesday/Wednesday felt more like both a correction and weighing what the Fed said. But with it looking like the NASDAQ may tumble too it's a panic porn fear day in the market. Not as much as 2000 down yet but it feels like a panic day.

Just wish I could load a bit more money in, but I still have enough in for a couple longer term moves if some prices hit, I'll have to see how I feel later in the year (it'll most likely still be that I feel like I need to have more in given interest is ****). And maybe some for the spec, but I'd prefer to keep the amount I have there low.
 
GeorgiaGirl said:
I'd definitely call this your first Covid panic porn fear day in months. Tuesday/Wednesday felt more like both a correction and weighing what the Fed said. But with it looking like the NASDAQ may tumble too it's a panic porn fear day in the market. Not as much as 2000 down yet but it feels like a panic day.

Just wish I could load a bit more money in, but I still have enough in for a couple longer term moves if some prices hit, I'll have to see how I feel later in the year (it'll most likely still be that I feel like I need to have more in given interest is ****). And maybe some for the spec, but I'd prefer to keep the amount I have there low.
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I’m not panicking about about the news, but I am panicking about everyone panicking about the news. Should be fun to watch either way..
 
Jimmy Hypocracy said:
I’m not panicking about about the news, but I am panicking about everyone panicking about the news. Should be fun to watch either way..
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I've said in other threads that I didn't really want to hear about COVID anymore unless we have a hospitalization uptick that is an issue. If it does, we just have a lot more issues and I better find more Android games to play and other TV stuff to watch because other than the potential of me doing school again, I won't have much else (well, I could find work with the certification I have but I'd be torn).

Still don't, but they've obviously brought it up again.
 
As I scroll through my watchlists it looks like there was a ton of buying at the bell on just about everything. That gives me a little bit of confidence unless it’s just a dead cat bounce
 
Jimmy Hypocracy said:
As I scroll through my watchlists it looks like there was a ton of buying at the bell on just about everything. That gives me a little bit of confidence unless it’s just a dead cat bounce
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Makes me super nervous. But I added to NKLA and bought GAN at 18.77. I'm done for the day. Currently holding NKLA, VRM, AXP and now GAN. Still parked in VGT.
 
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