Anybody taking advantage of Coronavirus?

FireFoley · Oct 28, 2020

Detroitgator said:
You are again conflating the "market" with the "economy".... the "market" is fueled by DEBT. Under Biden, there will be more DEBT than the "more debt" under Trump. Either way, the "market" will go up, but more so under Biden than Trump because there will be a lot more debt... the "market" had NO problem skyrocketing under Obama debt, the "economy" struggled under Obama. Keep the two things separate, because they are.

And along these lines, it seems interesting that the bond market can't rally today. Perhaps Mr. Market knows that the spending is definitely coming, perhaps 3 TRIL if Prez Tweeter wins or perhaps 10TRIL if Senile Sid wins. Either way, worthless, dollar, and inflation rearing it's head? Just a thought that there was no rush to Treasurys on the long end today.

Detroitgator · Oct 30, 2020

Detroitgator said:
Update:

OK, we've crushed through the 3414 (was 3410 yesterday) support level.

"Moderate" scenario is now highly likely.

Let's see if it closes below that 3410 level today and really remains below it this week.

We will likely see a bounce (even a big one) after today before it rolls over again.

If we stay under 3410, first target down is currently 3236, bottom is 3055-3000 level I've been talking about.

OK, overnight, we broke through 3236 (there was a massive drop to 3226, then massive rally, overnight), so we'll see what happens today.

Detroitgator · Oct 30, 2020

Update, I went short yesterday with a small(ish) position going into the close yesterday... added largely to my shorts on the "bounce" around 10 am EDT based on the overnight action. We'll see what happens...

FireFoley · Oct 30, 2020

The horsemen that the talking heads love to chatter about all day have now headed south and it has taken all these no earnings high PE tech stocks with them. so it will be interesting to see what happens if those so called "can't miss" stocks can't find any support.. All I know is I am able to get some things on my list b/c when the margin calls come they have to sell whatever they can.

Also @BMF, I see where RKT is about to make a 52 week low. They just came public recently and they are the largest mortgage provider in the country. Not saying real estate is dead but might mean buying frenzy is slowing and the REFI market is really slowing b/c everyone has refie'd already.

Concrete Helmet · Oct 30, 2020

Detroitgator said:
Update, I went short yesterday with a small(ish) position going into the close yesterday... added largely to my shorts on the "bounce" around 10 am EDT based on the overnight action. We'll see what happens...

I'm sticking with my last adjustments until this sh!t show is over....I swear....this time I really mean it.

FireFoley said:
buying frenzy is slowing and the REFI market is really slowing b/c everyone has refie'd already.

Not even seeing a dip...231 full title to finish this month....refi's never stop, ever seen the divorce rate in this country, trust/probate cash outs....taking cash out of paid in full properties "just in case" or to fund other investments. We've been the largest independent Agency in the state for nearly 30 years due to marketing refi's.

Detroitgator · Nov 1, 2020

Update:

Going all caps, because I know this will be HARD to do this week: IGNORE THE ELECTION! IGNORE ALL TALK THIS WEEK. Focus ONLY on the market moves and ignore the noise, it is VERY important. We will like have a LOT of volatility this week and you will want to attribute it to the election. DON'T. The election has been "priced in" for months. So, that said, and focusing ONLY ON THE MARKET MOVES, here's my update:

Bears are absolutely still firmly in control, period.
There are no indicators to the contrary. In fact, all indicators are that we have a lot more to give right now.
We are highly likely still moving DOWN toward the 3050-3000 level on the SP that I've been talking about.
3236 is next level of resistance on way down. 3236 is important because a close below that is a Dow Theory Sell Signal.
We will likely get another good bounce, possibly even filling the "gap down" last week between 3350-3400, but this would HIGHLY likely be a "false breakout" and we'll roll over on our way down to 3050-3000.
For the millionth time, this is where you will want to establish your truly long, buy and hold, positions.
In the "big picture", using a trend channel back to the bottom in 2009, we are still in the upper half of that channel and a move to 3050-3000 would ONLY be to the center of that channel. I still expect us to go up, WAY up, over the next few years.
Again, this doesn't have schit to do with who gets elected on Tuesday.
If you are on the sidelines right now, STAY THE FUK THERE! You ain't going to miss ANYTHING this week either way.
Have fun!

Special note for @BNAG8R : I forgot when your lock up ends, but what I typed out above likely plays out over the month of November and the long up move starts after that.

FireFoley · Nov 2, 2020

Agree. For those who want to play the overall market, the crapshoot is just too much for me to figure out. For those who like to dabble in individual names, there might be an opportunity , both ways, so pick your prices and you never know..

On another note, I know that oil is dead, but have you seen the azz pounding it has taken in the last few days?

BMF · Nov 5, 2020

Nice two day run up. I'm surprised it's up so much w/ the sh*tshow that was Tuesday.

I know, I know....the election doesn't matter.

FireFoley · Nov 5, 2020

Well on Tuesday night the Futures were higher as it was thought the DUMS would get all 3 branches and rates exploded. The 10 yr. Treasury reached .94. B/C all 3 branches would have meant as @Detroitgator always says HUGE spending, HUGE debt which = good for stock market. Well when it appeared the DUMS sweep was in jeopardy, rates dropped and the Futures did as well. But lo and behold not only would stocks have LOVED 20 Trillion in spending it appears to also LOVE gridlock, which has been the markets best friend for many, many years.

Concrete Helmet · Nov 5, 2020

They love gridlock because in the short term there will be no capitol tax or corporate tax change.....oh and the little "run down" big tech did on purpose in Sept only to mysteriously jump up the day after the election....short term uptick....Senate falls equal death sentence of the stock market for 5 years...

FireFoley · Nov 6, 2020

Interestingly no one has cared one iota about the jobs #'s the past 3 days. But as I sit here Friday morning and it is clear the Prez election is over (for all intents and purposes) rates on the long end have begun to creep up again. Nothing major but a whiff of maybe? a larger 'Stimulate Me" bill is coming and stocks will love that (for a time) but that interest rates will smell dollar erosion and inflation?

BMF · Nov 6, 2020

I just came into a $25k+ windfall in my TSP account. In 2014, I retired from the FD and started at the Treasury, becoming a GS. In late 2015, I came back on active duty and spent the last 5 years on active duty and retired in Sept. As a GS the gov't matches your TSP contributions 5%...but the military doesn't (unless you're brand new and are a part of the "blended retirement system"). So when I came back on active duty I was still putting money into the TSP, but into my military account...so I didn't get the 5% match. Anyhow, unbeknownst to me, a benefit to reservists who are also federal employees is they will match your contributions while you're gone. I just got over $25k added to my TSP account that I didn't know was coming! Cha-ching!!!!

Gator By Marriage · Nov 6, 2020

BMF said:
I just came into a $25k+ windfall in my TSP account. In 2014, I retired from the FD and started at the Treasury, becoming a GS. In late 2015, I came back on active duty and spent the last 5 years on active duty and retired in Sept. As a GS the gov't matches your TSP contributions 5%...but the military doesn't (unless you're brand new and are a part of the "blended retirement system"). So when I came back on active duty I was still putting money into the TSP, but into my military account...so I didn't get the 5% match. Anyhow, unbeknownst to me, a benefit to reservists who are also federal employees is they will match your contributions while you're gone. I just got over $25k added to my TSP account that I didn't know was coming! Cha-ching!!!!

And we are supposed to care/be happy that you got a surprise $25K and we didn’t for what reason exactly?

BMF · Nov 6, 2020

Gator By Marriage said:
And we are supposed to care/be happy that you got a surprise $25K and we didn’t for what reason exactly?

Because you're genuinely good people? (I know, I know....that's a stretch!)

Gator By Marriage · Nov 6, 2020

BMF said:
Because you're genuinely good people? (I know, I know....that's a stretch!)

Surely you must have another theory. You are way too smart to believe this.

FireFoley · Nov 6, 2020

Gator By Marriage said:
And we are supposed to care/be happy that you got a surprise $25K and we didn’t for what reason exactly?

Hookers. Money well spent

Concrete Helmet · Nov 6, 2020

Oh wow big run up hit the brakes...I think most people finally got a dose of reality and said collectively...."were f vcked after January"
Stimulus ain't going to do sh!t with the massive lay offs coming soon and inflation from a lot of states passing minimum wage requirements....Obamanomics here we come.....f vck why didn't we just keep all that money we put into our PSP.. :banghead:

FireFoley · Nov 9, 2020

Anyone, besides me, exiting some positions this morning on the Kung Flu potential news? Market acting as if everyone and all businesses will be back in about 3 days. I have a differing view, so going to take some off and reevaluate

BMF · Nov 9, 2020

FireFoley said:
Anyone, besides me, exiting some positions this morning on the Kung Flu potential news? Market acting as if everyone and all businesses will be back in about 3 days. I have a differing view, so going to take some off and reevaluate

BA is up 13%. WTH??

CCL 35%????

UA L & AAL 16+%??

bradgator2 · Nov 9, 2020

My big movers today are BA, RTX, XOM, WFC, and especially AXP.

GOLD (Barrick Gold) was down almost 9% earlier, so I added to my position.

Anybody taking advantage of Coronavirus?

Senior Member

Well-Known Member

Well-Known Member

Senior Member

Hook, Line, and Sinker

Well-Known Member

Senior Member

Bad Mother....

Senior Member

Hook, Line, and Sinker

Senior Member

Bad Mother....

A convert to Gatorism

Bad Mother....

A convert to Gatorism

Senior Member

Hook, Line, and Sinker

Senior Member

Bad Mother....

Rioting

Users who are viewing this thread

Forum statistics