Barry McCockinner Posted March 20, 2020 Share Posted March 20, 2020 I just read that China reported no new cases today for the first time. That's if you believe China, which I don't, but I guess it could be true. Quote Link to comment Share on other sites More sharing options...
jetstream23 Posted March 20, 2020 Share Posted March 20, 2020 47 minutes ago, RobR said: Take it for what it's worth but my close friends SIL works for the CDC and he was talking about Martial Law type enforcements coming on Sunday at midnight. Not sure even I believe it but wouldn't be surprised. City and state governments have made STRONG recommendations and issued guidance for the public including safe distancing, having employees work from home, transitioning restaurants to Take Out only, etc. In cases where people are following that guidance the governments haven't had to begin enforcement or issue curfews. It places where the public is not complying with recommendations....they will be forced to. Pennsylvania is going there shortly. People simply aren't heeding the warnings or following directions....so now they must be forced. In the 60's and 70's we were strapping guns to the backs of 18 year olds and sending them to southesast Asia for fight wars for years on end. Today, we're asking people to stay home, watch Netflix, and order food in.....and they can't fvcking seem to do it. (see Florida) The sacrifice isn't hard for most of us. For some they may need a gun in their face to stay off the beach our away from a bar. Quote Link to comment Share on other sites More sharing options...
RobR Posted March 20, 2020 Share Posted March 20, 2020 45 minutes ago, jetstream23 said: City and state governments have made STRONG recommendations and issued guidance for the public including safe distancing, having employees work from home, transitioning restaurants to Take Out only, etc. In cases where people are following that guidance the governments haven't had to begin enforcement or issue curfews. It places where the public is not complying with recommendations....they will be forced to. Pennsylvania is going there shortly. People simply aren't heeding the warnings or following directions....so now they must be forced. In the 60's and 70's we were strapping guns to the backs of 18 year olds and sending them to southesast Asia for fight wars for years on end. Today, we're asking people to stay home, watch Netflix, and order food in.....and they can't fvcking seem to do it. (see Florida) The sacrifice isn't hard for most of us. For some they may need a gun in their face to stay off the beach our away from a bar. All I'm saying is that these might not be recommendations come Sunday night for the entire US. Again it's a rumor and I'm certainly not a fear monger, but even @CTM is hearing these rumors. 2 Quote Link to comment Share on other sites More sharing options...
Butterfield Posted March 20, 2020 Share Posted March 20, 2020 1 hour ago, RobR said: Take it for what it's worth but my close friends SIL works for the CDC and he was talking about Martial Law type enforcements coming on Sunday at midnight. Not sure even I believe it but wouldn't be surprised. We were warned of the same at our regional emergency management meeting earlier in the week. We were told to get where we need to be as that might not be possible next week. Quote Link to comment Share on other sites More sharing options...
GATA Posted March 20, 2020 Share Posted March 20, 2020 2 hours ago, RobR said: Take it for what it's worth but my close friends SIL works for the CDC and he was talking about Martial Law type enforcements coming on Sunday at midnight. Not sure even I believe it but wouldn't be surprised. I believe this, I heard this from a couple of ppl in enforcement. We’re about to see the Stafford Act excuted any day now. 1 1 Quote Link to comment Share on other sites More sharing options...
CTM Posted March 20, 2020 Share Posted March 20, 2020 4 minutes ago, GATA said: I believe this, I heard this from a couple of ppl in enforcement. We’re about to see the Stafford Act excuted any day now. lots of chatter about this stuff for sure. All of it ambiguous enough that I'd usually ignore, but coming from so many directions right now it's hard to dismiss. 1 Quote Link to comment Share on other sites More sharing options...
RobR Posted March 20, 2020 Share Posted March 20, 2020 8 minutes ago, GATA said: I believe this, I heard this from a couple of ppl in enforcement. We’re about to see the Stafford Act excuted any day now. I think we end up taking measures that go beyond the scope of the Stafford Act. Quote Link to comment Share on other sites More sharing options...
jetstream23 Posted March 20, 2020 Share Posted March 20, 2020 50 minutes ago, RobR said: All I'm saying is that these might not be recommendations come Sunday night for the entire US. Again it's a rumor and I'm certainly not a fear monger, but even @CTM is hearing these rumors. Yup. I’ve heard the rumors too. 1 Quote Link to comment Share on other sites More sharing options...
CTM Posted March 20, 2020 Share Posted March 20, 2020 Just now, RobR said: I think we end up taking measures that go beyond the scope of the Stafford Act. Govt is on the verge of bailing out most citizens and private industries, the entire system is failing. Hard to imagine much of anything is off the table. 1 1 Quote Link to comment Share on other sites More sharing options...
greenwichjetfan Posted March 20, 2020 Share Posted March 20, 2020 13 hours ago, RobR said: Take it for what it's worth but my close friends SIL works for the CDC and he was talking about Martial Law type enforcements coming on Sunday at midnight. Not sure even I believe it but wouldn't be surprised. 13 hours ago, CTM said: Heard similiar 12 hours ago, RobR said: Yes, and again take this with a grain of salt because it's just a rumor I heard, although it's from someone I would consider a reliable source. We'll see how the market responds tomorrow. My own SIL's close friend works for the pentagon and told her to stock up this weekend. She then passed the message to us yesterday. No word of martial law, but wouldn't be surprised if that's why. Quote Link to comment Share on other sites More sharing options...
RobR Posted March 20, 2020 Share Posted March 20, 2020 2 hours ago, greenwichjetfan said: My own SIL's close friend works for the pentagon and told her to stock up this weekend. She then passed the message to us yesterday. No word of martial law, but wouldn't be surprised if that's why. Just heard the same thing from a friend of a friend in the pentagon. Quote Link to comment Share on other sites More sharing options...
Jet_Engine1 Posted March 20, 2020 Share Posted March 20, 2020 No word yet of anything like that yet, our FD is a TF for FEMA and would be activated by any Stafford Act mobilization. 1 Quote Link to comment Share on other sites More sharing options...
jetstream23 Posted March 20, 2020 Share Posted March 20, 2020 Some financial firms starting to buckle under the stress. Not a good sign. https://www.cnbc.com/2020/03/20/clearing-firm-ronin-capital-unable-to-meet-capital-requirements-at-cme-sources.html Quote Clearing firm Ronin Capital unable to meet capital requirements at CME: Sources PUBLISHED FRI, MAR 20 20203:00 PM EDTUPDATED 8 MIN AGO Scott Wapner@SCOTTWAPNERCNBC 1 Quote Link to comment Share on other sites More sharing options...
jetstream23 Posted March 20, 2020 Share Posted March 20, 2020 I was buying a little on the close today. Not a lot....but being 10+ years from retirement it felt like the right time to buy some AMZN, JPM, and GOOGL at discounted prices. Quote Link to comment Share on other sites More sharing options...
RobR Posted March 20, 2020 Share Posted March 20, 2020 4 hours ago, Jet_Engine1 said: No word yet of anything like that yet, our FD is a TF for FEMA and would be activated by any Stafford Act mobilization. You're going to hear it soon. Quote Link to comment Share on other sites More sharing options...
Jets Voice of Reason Posted March 20, 2020 Share Posted March 20, 2020 34 minutes ago, RobR said: You're going to hear it soon. Fwiw, a coworker of mine has a buddy active in national guard and they were already prepping earlier this week to be mobilized for deployment. Not sure what it meant at the time but it does lend some credence imo to what you are suggesting. 1 Quote Link to comment Share on other sites More sharing options...
RobR Posted March 21, 2020 Share Posted March 21, 2020 4 hours ago, jetstream23 said: I was buying a little on the close today. Not a lot....but being 10+ years from retirement it felt like the right time to buy some AMZN, JPM, and GOOGL at discounted prices. You're a brave man buying at this time. I'm going to be putting together my big board so to speak of what I'll be pouncing on soon. I ended up taking a larger cash position than I thought and I'll be looking for bargains after the news comes out. I'll also be looking at some out of the money calls with a 2-3 month horizon. Quote Link to comment Share on other sites More sharing options...
Kleckineau Posted March 21, 2020 Share Posted March 21, 2020 14 hours ago, jetstream23 said: I was buying a little on the close today. Not a lot....but being 10+ years from retirement it felt like the right time to buy some AMZN, JPM, and GOOGL at discounted prices. Smart move. You will be rewarded. I grabbed some DAL UAL and AAL. Quote Link to comment Share on other sites More sharing options...
CTM Posted March 21, 2020 Share Posted March 21, 2020 1 hour ago, Kleckineau said: Smart move. You will be rewarded. I grabbed some DAL UAL and AAL. I grabbed DAL, Buffet owns 11% and just bought 1M at like 42-44, I'm in a $22. Bailout or Buffet news could send this soaring, of course all planes being grounded could do the opposite Quote Link to comment Share on other sites More sharing options...
Kleckineau Posted March 21, 2020 Share Posted March 21, 2020 20 minutes ago, CTM said: I grabbed DAL, Buffet owns 11% and just bought 1M at like 42-44, I'm in a $22. Bailout or Buffet news could send this soaring, of course all planes being grounded could do the opposite Agree they airline stocks could still go lower but even so 18 - 24 mos out maybe even less they should shine. I am hoping UAL will be a 4 bagger for me. Quote Link to comment Share on other sites More sharing options...
CTM Posted March 22, 2020 Share Posted March 22, 2020 Limit down again Quote Link to comment Share on other sites More sharing options...
RobR Posted March 22, 2020 Share Posted March 22, 2020 17 minutes ago, CTM said: Limit down again Just saw it. I'm around 95% in cash right now so I should sleep OK tonight but no short positions open. Quote Link to comment Share on other sites More sharing options...
CTM Posted March 22, 2020 Share Posted March 22, 2020 11 minutes ago, RobR said: Just saw it. I'm around 95% in cash right now so I should sleep OK tonight but no short positions open. It's because of Pelosi saying she's has issues with Senate bill and is introducing "our" bill. I really hope these scumbags arent fighting over sticking unrelated pet projects in there. edit: the senate bill failed 1 1 Quote Link to comment Share on other sites More sharing options...
RobR Posted March 22, 2020 Share Posted March 22, 2020 1 minute ago, CTM said: It's because of Pelosi saying she's has issues with Senate bill and is introducing "our" bill. I really hope these scumbags arent fighting over sticking unrelated pet projects in there. For someone as informed as yourself you should know this is the case, which is disgraceful during these times. Maybe she's throwing in some wording for Planned Parenthood funding. I also thinks it goes much deeper than this which I've been saying all along. This is not a typical market downturn that we are dealing with so it's impossible too compare it to other market gyrations which many are doing. 1 Quote Link to comment Share on other sites More sharing options...
RobR Posted March 23, 2020 Share Posted March 23, 2020 Anyone still buying? I tried to nibble a bit today on the airlines but my orders didn't go through, which might be a blessing in disguise. I still think we drop 10-20% from current levels even with a stimulus bill in place which will only prop the market up short term. Quote Link to comment Share on other sites More sharing options...
CTM Posted March 24, 2020 Share Posted March 24, 2020 1 hour ago, RobR said: Anyone still buying? I tried to nibble a bit today on the airlines but my orders didn't go through, which might be a blessing in disguise. I still think we drop 10-20% from current levels even with a stimulus bill in place which will only prop the market up short term. Last I looked airlines had a nice after market bump . I sold earlier in the day for like 3% profit, which I did 2 x on Friday as well buying on dips. And then was quickly flagged for a free ride violation and my account went restricted unless I put a boatload more money in Apparently you cant day trade on cash accounts anymore? Been awhile . Quote Link to comment Share on other sites More sharing options...
southparkcpa Posted March 24, 2020 Share Posted March 24, 2020 1 hour ago, RobR said: Anyone still buying? I tried to nibble a bit today on the airlines but my orders didn't go through, which might be a blessing in disguise. I still think we drop 10-20% from current levels even with a stimulus bill in place which will only prop the market up short term. We may be at 20 percent unemployment in 30 days... we have never seen that in our lifetime. I agree, the downside can be bad. Cash is King but when this turns around, it will turn around quick. No one can predict bottom or when it will turn. Agreed on prop up. Like a $1,000 a family makes a difference. 1 Quote Link to comment Share on other sites More sharing options...
RobR Posted March 24, 2020 Share Posted March 24, 2020 36 minutes ago, CTM said: Last I looked airlines had a nice after market bump . I sold earlier in the day for like 3% profit, which I did 2 x on Friday as well buying on dips. And then was quickly flagged for a free ride violation and my account went restricted unless I put a boatload more money in Apparently you cant day trade on cash accounts anymore? Been awhile . Why can't you trade on a cash account? I'm assuming you're margin enabled. I've had zero restrictions on my account. Quote Link to comment Share on other sites More sharing options...
RobR Posted March 24, 2020 Share Posted March 24, 2020 22 minutes ago, southparkcpa said: We may be at 20 percent unemployment in 30 days... we have never seen that in our lifetime. I agree, the downside can be bad. Cash is King but when this turns around, it will turn around quick. No one can predict bottom or when it will turn. Agreed on prop up. Like a $1,000 a family makes a difference. If you asked me a week ago I would say a V curve was most likely, now a U curve sounds palatable. The ripple effects of this event, even if it is a minor pandemic will be felt for years. This market already needed a correction of about 15% but with what is happening now it should be closer to 50% and we're not there yet. Quote Link to comment Share on other sites More sharing options...
Philc1 Posted March 24, 2020 Share Posted March 24, 2020 The market hasn’t hit bottom yet, b tches Quote Link to comment Share on other sites More sharing options...
Philc1 Posted March 24, 2020 Share Posted March 24, 2020 37 minutes ago, southparkcpa said: We may be at 20 percent unemployment in 30 days... we have never seen that in our lifetime. I agree, the downside can be bad. Cash is King but when this turns around, it will turn around quick. No one can predict bottom or when it will turn. Agreed on prop up. Like a $1,000 a family makes a difference. Get ready for the upcoming crimewave Quote Link to comment Share on other sites More sharing options...
CTM Posted March 24, 2020 Share Posted March 24, 2020 16 minutes ago, RobR said: Why can't you trade on a cash account? I'm assuming you're margin enabled. I've had zero restrictions on my account. Not margin enabled, that was the issue. I didnt realize I needed to pay interest on $$ that were bought and sold but not settled Quote Link to comment Share on other sites More sharing options...
southparkcpa Posted March 24, 2020 Share Posted March 24, 2020 7 hours ago, Philc1 said: Get ready for the upcoming crimewave Ive got my 3 handguns and a conceal carry permit. Quote Link to comment Share on other sites More sharing options...
Kleckineau Posted March 24, 2020 Share Posted March 24, 2020 Still bottom fishing. Added ALK to the other airline stocks. Might be the safest one. I think the eventual broad market bottom will be around 40% off. Quote Link to comment Share on other sites More sharing options...
Kleckineau Posted March 24, 2020 Share Posted March 24, 2020 2 hours ago, southparkcpa said: Ive got my 3 handguns and a conceal carry permit. Im not as subtle as you. I have 2 shot guns and a cabinet full of slugs, bird and buck shot. 1 Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.