Wow! We’re nearing +2000, it’s amazing what having some semblance of a plan to attack the coronavirus instead of blowing it off as a hoax does to investor confidence
I bet some people got absolutely destroyed on put options in the last hour.
Just checked the number on Ventas and needless to say, holy ****.
I had a bad feeling for a while, and honestly probably should've placed a stop loss at 40 myself and sold it at periods that were ages ago. I've had enough and I'm probably going to place one that's a little lower than the number (well, maybe I will wait a little longer, but it needs to go) it's at because I don't think this one is going to recover for a very long time if it does. It just keeps getting crushed. Even has on recent good days.
Gonna add the cruise lines to my watch list and watch them for a while. As I think we're probably over a month from any real beginning stages of a recovery.
The good that came out of it is my dad apologized and said that my feelings were right and his weren't on this stock and I may not have to file taxes next year due to capital loss.
Edit: Gonna sell at 35. This is a company that's not been doing well lately even without COVID, so it was a mistake to hold and wait here. The other 4, I'm going to hold onto. I still feel good about them for the long haul, I just don't feel good about the stock that had been bugging me for a while. It was good and very safe 10+ years ago, and it was held in a portfolio for me that my dad had control of, but in at least 2020 it's not in good shape.
Icahn's largest short position is commercial REITs, just FYI
Maybe be a good day tomorrow...
March 15 (UPI) -- The Federal Reserve on Sunday cut interest rates to zero on Sunday in response to the COVID-19 outbreak in the United States.
The Federal Market Committee made the decision to lower the target range for the federal funds rate to 0 to 1/4 percent expecting to maintain that target range until it is "confident the economy has weathered" the impact of the coronavirus outbreak."
Given how the market has been lately, I wouldn't wager anything. It could go either way. Either they panic more because it's a surefire sign the economy is headed into a recession, or they go up for a day because of stimulus.Maybe be a good day tomorrow...
March 15 (UPI) -- The Federal Reserve on Sunday cut interest rates to zero on Sunday in response to the COVID-19 outbreak in the United States.
The Federal Market Committee made the decision to lower the target range for the federal funds rate to 0 to 1/4 percent expecting to maintain that target range until it is "confident the economy has weathered" the impact of the coronavirus outbreak."