I shook my magic eightball and well....Soooooo...is there a chance the stock market likes Trump's plan to return to work in 2 weeks?
Soooooo...is there a chance the stock market likes Trump's plan to return to work in 2 weeks?
yeah it wont work. the truth is goverment bailout or no, our econamy is going to look very difrent after this is done. amazon is planning to hire a insane amount of workers (100k) best buy and other stores are shifting to curbside pickup on and on it goes. anyone who thinks a ruturn to pre pandemic set up is nuts.Trump, being the idiot he is, doesn't realize that by removing the national emergency mandate, it starts giving employers reason to 'go back to work' to try & force a form of economic normalcy, which will then force people to either work or be let go, and on top of all that, spreads the virus to even greater numbers.
Making people choose between a safety & a virus/paycheck, with the risk of being laid off anyway, is some top-tier politicking from Trump.
I was having this thought earlier tonight of ramping down my contributions to just match and (which may take 2 pay cycles to kick in) and then set back to above normal levels (to max out) sometime in June depending on how things go. But this is exactly would timing the market is...Does it make sense to lower my 401k contribution? I'm currently contributing well above my employer match. Not sure if it's safer just to have more of my paycheck going into my bank account for now.
Does it make sense to lower my 401k contribution? I'm currently contributing well above my employer match. Not sure if it's safer just to have more of my paycheck going into my bank account for now.
No.Soooooo...is there a chance the stock market likes Trump's plan to return to work in 2 weeks?
wouldn't that only be true if you are sure you will keep your job?
You really should have an emergency fund to dip into before increasing 401k contributions. Question is, how months of expenses is prudent in a recession (or possible depression)? 6? 12? 18?wouldn't that only be true if you are sure you will keep your job?
The market is likely to continue trending downward for a while and if you lose your job and have to pull from the 401k to cover your costs wouldn't you likely lose a lot then (both from the market going down and fees for pulling money out of your 401k early)?
I currently have over a year's salary liquid. So I can live off savings for a while if worst comes to worst (hence why I bumped my 401k contribution way up about a month ago).wouldn't that only be true if you are sure you will keep your job?
The market is likely to continue trending downward for a while and if you lose your job and have to pull from the 401k to cover your costs wouldn't you likely lose a lot then (both from the market going down and fees for pulling money out of your 401k early)?
Very true. I know I personally keep a decent emergency fund around but I know not everyone does.You really should have an emergency fund to dip into before increasing 401k contributions. Question is, how months of expenses is prudent in a recession (or possible depression)? 6? 12? 18?
ah in that case go with jstevenson's advice. The market will likely go down more but it will eventually recover. You could put less into your 401k and try to time the market, but in the long run it won't make a huge difference, and it will just stress you out. Besides, we can't be sure where the bottom is (Aside from given the current situation it is likely below where it currently is)I currently have over a year's salary liquid. So I can live off savings for a while if worst comes to worst (hence why I bumped my 401k contribution way up about a month ago).
This is the scenario. We're crawling down the tip of this outbreak's iceberg right now.It drops considerably this week and next and shit gets real bad, in which case as a society we probably have way bigger problems.
I'm confused by this first part. It's spreading a lot in the south of Spain where the temperature is 17C at the minimum, average around 20.90% of the 2019-nCoV transmissions have so far occurred within a certain range of temperature (3 to 17C)
Yeah, most of the planet lives hand-to-mouth, month-to-month and indeed along or beneath the poverty line. In the USA the first two are true.Very true. I know I personally keep a decent emergency fund around but I know not everyone does.
April 20th, 17.5I was looking at XLF. What expiration date and strike? Volume seemed low on OTM options.
They'll get a bailout
Aren't they all registered ouside US?
Wrong question to ask.
Also this.Cruise lines barely employ Americans, barely pay American taxes, and output carbon up to the equivalent of 1 million cars per ship at a time.
Fuck 'em.
They're a shitty dinosaur.
Money!Yeah, like I understand trying to preserve airlines as a vital element in modern society, but I cannot for the life of me understand why anyone would care if cruise liners stop being a thing.
Yeah, like I understand trying to preserve airlines as a vital element in modern society, but I cannot for the life of me understand why anyone would care if cruise liners stop being a thing.
Ain't nobody out there proposing bailouts for luxury zeppelins.
Now you can pay of national debt.Sure, if you just print money and make the US dollar worthless.
Sure, if you just print money and make the US dollar worthless.
I've been wondering this. If everyone prints money at the same time... What would happen?I mean, you didn't think this was their plan? Cos they would drive every other country to print their money too.
I've been wondering this. If everyone prints money at the same time... What would happen?
It's especially odd, as I imagine a large portion of the cruise industry isn't even American workers.
I've been wondering this. If everyone prints money at the same time... What would happen?
I hope not.
Of course, because debt number stays the same while the value of that number decreases. Whew.Alot of debt becomes worthless,hyper inflation risks in assets. Its not good.
I've been wondering this. If everyone prints money at the same time... What would happen?
Unlimited QE lol. Is Trump expected to speak today (to tank the market again)? I could really use one positive day haha.
Can someone explain how this would work? I mean throwing money at corporations is not going to reduce the effects of the infection on the workforce, right? So what is this doing? Just a breathless gasp of desperation to tell big companies that the US government won't let them go under?Unlimited QE lol. Is Trump expected to speak today (to tank the market again)? I could really use one positive day haha.
Thanks for the explanation. That makes sense.Alot of debt becomes worthless,hyper inflation risks in assets. Its not good.
Can someone explain how this would work? I mean throwing money at corporations is not going to reduce the effects of the infection on the workforce, right? So what is this doing? Just a breathless gasp of desperation to tell big companies that the US government won't let them go under?
Definitely buying. I've already loaded up on AT&T and later today I'm going to load up on Southern Copper.How are you all feeling about buying this week? Willing to bite on deals or more focused on saving cash at this point?
The reason you can just do massive deficit spending at the start of a recession is because when the velocity of money goes down, it's a gigantic reduction in the effective supply of currency. (literal amount of money out there X rate at which money is circulating = effective money supply)Thus, to maintain that supply, you pump money in the system to get the blood pressure up. But when the economy starts recovering, you have to pull that money back out to maintain parity.
Trump to start printing more money but specifically thousand dollar bills with his face on them that he'll send out to every American. What could go wrong.