Can't argue with that. It seems to have leveled off. My spreads don't expire until mid April, so I'm hoping to hit break even ($230) and roll them over into May. SPY hasn't broken its resistance points at least, very encouraging sign.
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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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Can't argue with that. It seems to have leveled off. My spreads don't expire until mid April, so I'm hoping to hit break even ($230) and roll them over into May. SPY hasn't broken its resistance points at least, very encouraging sign.
I bought 18 shares @ $3. Hardly any skin off my back, but if I could flip that to even $300 I would be pumped.
weekly Unemployment insurance numbers tomorrow www.dol.gov/ui/data.pdf
Big boy Employment numbers April 3rd (first Friday of every month)
Saving my money for April 3rd. Either there's a big dip, or the market proves itself to be stable-ish.
Massively fuck up for years and then have the government foot the bill. Even if it's just a loan, there should be a stipulation that any bail out over a billion dollars requires you to lose at least 5% of board seats.
I think both are going to be insane.
I'm in a medium sized (20-30K) college town in the northern plain states. All my local restaurants, bars and brew pubs are carry out/delivery only now. They operated with partial staffs last week to assist in consumption of perishables and help all their employees fill out unemployment claim papers. All the actual Bars are now Closed until further notice.
My town is in the middle of nowhere, the University buildings are off limits so pretty much all support staff is on leave, and all non essential City buildings and offices are shuttered. The only jobs outside of Grocery still operating semi normally are the Food and Medical manufacturing sites.
I'm not sure how far behind the timeline this locale is compared to other shutdowns nationwide, but Unemployment claims are going to be coming in real hot.
Why wouldn't the market have already priced in a huge unemployment number? Everyone can see it's going to be huge.
However huge people think it will be it will be 100x bigger. It's gonna be a rough drop
Yeah I'm of the opinion the jobs report is the worst kept secret. Everyone knows a bad number is coming. I am curious though to see how the market reacts on its release. Want to see how much it reacts, if at all.
I think it needs to be way worse than expected to get a big reaction but we will see.
I think it needs to be way worse than expected to get a big reaction but we will see.
I see talk elsewhere of pension fund rebalancing by March 31st leading to buying pressure in stocks in that time (possibly some of which happened yesterday). I don't know how true that is. If so, a bad jobs report might mean a dip which recovers quickly.
Most people will be expecting a 1-3% drop, which historically is a massive drop, even if the reporting doesn't match it. The reality is the drop could be close to 2 figures even with limited impact to date.
People may be somewhat optimistic of a quick recovery based on messaging from the government and somewhat limited media coverage to date, that bubble will burst quickly if those unemployment numbers are as drastic as expected.
Does the apparent unemployment insurance stimulus in the coming bill blunt the effects of poor unemployment numbers? I mean, if money is pouring into people's pockets, will the market care about unemployment numbers (in the short/medium term when this bill will keep people from missing their monthly payments and keep food on the table)?
That helps the people for a while, but there's no guarantee the lost jobs return. I'm sure I'm not the only person wary of sitting in restaurants until there's a vaccine.
People aren't buying stocks if they're on unemployment insurance, poor numbers will shock the market with a lot of mom and pop investors pulling their money.
Investors will care because a significant reduction in the workforce means a far longer ramp time to recovery, businesses don't just do layoffs en masse then recover that talent overnight.
if you only have $500 to invest the answer is "something very safe".
That would translate to 10+ million if it is representative of the nation as a whole.
If the bill is true and small business is about to get two months free lunch if they don't lay anyone off and pay their workers. This is likely to be a big boon to stop the economy from tanking if business start functioning again a couple months from now and people back to work.
With the huge caveat we don't know how much covid 19 will impact overall. I think it is safe to say we are in uncharted territory.
Broadly speaking I still believe we are in a bear market until the technical data starts proving otherwise. We have never had an economy completely stop before so it is hard to say how long it takes to get running once back up.
It doesn't mean every stock will stay down. We are truly in a stock picking market at the moment where there will be some winners.
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Right now? A savings account. Current market is wild and unpredictable.
Yes.
...but if the number is even larger than expected, the market will drill. Conversely, if the numbers are better than Wall Street's expectations, the market will rally. Investing in the stock market is a big game of betting on whether the outcome of an event will be in line with the market makers' expectations. That's why you'll sometimes see a company's share price drop after a profitable earnings report. The company made money -- just not as much as Wall Street was expecting them to make.
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Now now. I love Tesla stock and all but it certainly isn't the smartest thing to go after lol.
Why not? They're a honey badger. It's business as usual, they just delivered Y ahead of schedule amidst the chaos and cybertruck will outsell the F150 next year.
I bought some shares of TransAlta Renewables because I thought it was cheap, had a high yield, and was Canadian and in renewables..
I wanted to buy when it was closer to $10.50, but didn't have money in the account until today. Timing was ok since I guess since it's taking off now.. for now.. I'm sure I'll have more future chances for buying it for cheap when the real economic numbers come in lol.
I wanted to buy when it was closer to $10.50, but didn't have money in the account until today. Timing was ok since I guess since it's taking off now.. for now.. I'm sure I'll have more future chances for buying it for cheap when the real economic numbers come in lol.
It's a risk for sure. They're potentially awesome, but also could collapse. They don't have the runway that traditional companies have and they are on the higher end of cost for cars.
Not happening. They have a decent cash position as per the latest operational update
They're mid 00's Apple, buy it while it's cheap
Apple almost collapsed also.
Also, I'm a TSLA investor. I took the risk. I just think people should be informed of the risk.
I should've sold today instead of yesterday lol. Oh, well. Did half knowing this could happen. Let's see if this holds today and I'll do the other half.
I wouldn't worry about it. It never hurts to take profit and just like it is impossible to time a bottom, it is also impossible to time the sell at the top. Unless you are very lucky in both cases.
For me the VIX doesn't seem to be buying this rally today, but that's what makes watching the markets fun. Sometimes they surprise you. I had SP500 potentially challenging 2600-2640 level as a possible high on this rally, but I didn't think we would get near there in almost two days. In the mean time we have individual stocks up 50-60-70-100 percent plus in one week. The insanity in this market is truly something right now.
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The VIX doesn't always track market movements. Also remember that VIX primarily tracks options activity and that options expiry was this past Saturday.
The market has *not* priced in double-digit unemployment. But, as the saying goes, 'the market will be irrational longer than you can be solvent'...
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