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Stock Market Watch |OT| I've stocked up on market watches, what now?
- Thread starter Mr.Awesome
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Yes but as someone working in logistics I doubt they have more than two weeks of stocks available so there will be shortages
I think they'll make out relatively well through all of this just considering the entirety of profit is through the AWS. They could shutdown the online commerce portion of amazon and be fine.
I wonder what things in society, if anything, will be significantly altered once we get through this.
Agreed. The sheer number of people swooping into these stock market threads over the past few days, suddenly disposed to invest and asking for a crash course on how, leaves a bad taste in my mouth.
My guess? Not much.
You might see people start taking the flu a bit more seriously, and a subsequent small dip in mortality rates, but this would be ephemeral. The most impact we're going to see is from media.
The whole concept of "panic selling" is absurd and is ruining everything
Depends on how long it goes on and how much of the world is affected. If it starts to taper off in about a month, not much. If a few months I expect it to be a significant turning point for life on the planet.
It will...but it may be for the worse. If we don't get our shit together the most authoritarian governments who acted the quickest might come out as winners in this.
I really do hope this leads to fundamental changes in society, specifically on how we handle healthcare and wealth.
But I'm not holding my breath. :/
I hope this carona virus situation at least gives people a better appreciation of retail. The way these stores are restocking for people to get stuff as soon as possible and minimum wage workers battling on the front line in the midst of this virus.
Everyone wondered if retail stores would die out for Amazon. If anything the events right now show the failing of relying on Amazon alone.
Everyone wondered if retail stores would die out for Amazon. If anything the events right now show the failing of relying on Amazon alone.
What I want: universal basic income, paid sick leave (for people who don't already have it)
smh what's that $2 trillion now??? Could that have gone to the UBI for everyone instead of basically wasted?
No.
Look at Italy. They're only days ahead of the rest of the world in terms of infection, and what's happening? Loved ones are being lost every day. Hospitals are overflowing. Jobs, even very "secure" ones, are disappearing into thin air, as if they were never there. Many middle class people's incomes are going from a few thousand a month to 0 a month, effective immediately. Daily purchasing, factories, leisure, all this spending is going down the drain. The holiday, catering and travel markets are collapsing. If you fall ill and have to go to the hospital, you're fucked, because every hospital bed will be filled with COVID victims, even if you have substantial insurance.
The 2008 crash was nothing. The entire system is about to go down and displacement on a personal level is going to be severe.
This is not "mostly media" impact. Human culture will never be the same. If anyone gets out of this unscathed, it'll be the 0.1%. the elite of the elite. Everyone below that is going to feel severe ramifications.
NB: I'm not trying to catastrophise here - a LOT of things will get better because of this... Especially if it leads to the necessary systemic reform. More equality, lower environmental impact (already happening), a better understanding of the global/widespread ramifications of our actions, a realisation that the current economic system is totally unfit for purpose, etc
It's money made within the federal financial system, sent into other financial services like banks. It's not public cash money that can be transferred to any one.
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People don't rely only on Amazon though. If Amazon didn't exist the lines at stores now would be double.
Not to discount the rest of your post as I agree.
I checked my 401k again to see if the profit sharing from my employer had hit the account yet. My balance appeared to be at about the same level as it was at the last check, so I initially assumed it hadn't yet.
In actuality, my 401k had lost so much value that it just made it look like my balance hadn't changed despite a five figure amount being added.
In actuality, my 401k had lost so much value that it just made it look like my balance hadn't changed despite a five figure amount being added.
nah, what we need is comprehensive social safety nets. UBI will be used to tear down social safety nets as it'll be a cheaper option and then GOP can complain that we're already giving you money to FURTHER erode things like food stamps, affordable housing, healthcare, social security, etc.
if we go back to market lead growth after this then between viral and environmental crisis crashes will only become more frequent and severe
the idea that for a 30 yo things will be just peachy in 30 years and they will make out with long term gains is far from a guarantee
it's entirely possible that the post-recession glory days that America has pushed so hard for are not coming back for a third act
the idea that for a 30 yo things will be just peachy in 30 years and they will make out with long term gains is far from a guarantee
it's entirely possible that the post-recession glory days that America has pushed so hard for are not coming back for a third act
But that's not what's going to happen. We'll see legislation like The Patriot Act and that didn't exactly improve society. We don't have a government in place to make the necessary systemic changes to improve the quality of life for citizens in the United States.
You misunderstand me, I am not claiming that people won't be personally affected, I am claiming that the systemic issues that have become evident from this emergency won't be affected.
What does this mean?
Never mind. Google tells me this is when certain indexes expire? Even that I'm confused about.
Yeah shits going to be wild with the prices 30% off where they were on February, I imagine there going to be some weird / funky price action at the close.
edit - volume is going to be insane too.
Maybe stupid question but I've been seeing multiple answers: Should I stop putting as much as I am in my 401(k), Roth IRA, and general Index fund right now? Should I divert some of that just into savings at my credit union? Honestly not sure what to do? Luckily, my work shouldn't stop and I'll be able to work from home.
If it comes to this then the value of the market is going to be the least of anyone's worries.
Really?
Guys, maybe Trump is bad at this.
And . . . maybe the president shouldn't be using the Stock Market as the sole arbiter of their success. I don't know. Just a
And . . . maybe the president shouldn't be using the Stock Market as the sole arbiter of their success. I don't know. Just a
Fed can just print money, yeah?
idk... I'd say decide if your saving account can float you for months if you're let go. At the moment I'd be trying to shore up an emergency fund while I have the chance.
How many months can you survive off your Savings/Checking if you are let go? I'd aim for at least 3 months of Savings, but 6 months would be really good.
I am myself keeping myself at 3 months (6 months aiming for though by end of year) and putting more in my investing accounts (both Roth & individual) at the moment cause I know I have a stable income.
I don't disagree with that, but this is a global catastrophe - it needs global solutions. I'm banking on global collaboration to try and fix things, because this is going to be unprecedented. Honestly, even Trump and cronies will not get out unscathed. That's how high and far this is going to go. Big, safe piles of money are going to disappear rapidly.
Also note that any government currently in power will never survive if they don't improve EVERYONE'S lot, immediately, in the next 3 months. If they sit back Trump-style and let the whole population/system collapse, they will never be re-elected or trusted again.
Yeah it is options and futures expiraton related. Investopedia has a great article on this topic.
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Quadruple (Quad) Witching: Definition and How It Impacts Stocks
Quadruple witching refers to a date on which stock index futures, stock index options, stock options, and single stock futures expire simultaneously.
You're playing with fire. 0 is a realistic value, anything else assumes that the bailout(s) have no downside on the stock holders.
A) the first part of my post is stating the facts of what's happening in Italy and affected countries. So no, not "catastrophising" but stating the literal facts of the catastrophe which is happening right now already and will catch up to less-affected areas rapidly
B) in saying human culture will never be the same again, I don't mean it'll be a hellish dystopian apocalypse in 4 months - I mean this will mark a massive paradigm shift in human behaviour and culture - and IMO, mostly for the better. From empathy and perspective to governments and institutions having to step up and reform.
For real? Where are you getting live updates about the fed pumping more?
Yahoo finance had the Fed commercial paper action on the front page.
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