OFFICIAL STOCK MARKET AND ECONOMY THREAD VOL. A NEW CHAPTER

[tay1]

FED action in mid March was unprecedented. Stabilized debt markets singlehandedly. I moved to ~10% cash two weeks ago, but continued to buy every week. I was hoping to add more positions to SQ @ ~$40 and SNAP @ ~$10.

Once a "cure" is announced we see 20-30% higher than we saw in January.

Got another 12 to 18 months for a cure

 

[tkthafm]

time in the market > timing the market

Only if you time it wrong.

Most will, but my track record is pretty damn good.

 

[Betonblck]

FED action in mid March was unprecedented. Stabilized debt markets singlehandedly. I moved to ~10% cash two weeks ago, but continued to buy every week. I was hoping to add more positions to SQ @ ~$40 and SNAP @ ~$10.

Once a "cure" is announced we see 20-30% higher than we saw in January.

Bold prediction there. I have a hard time seeing us get there without extreme multiple expansion to highs that we have never seen before because the earnings surely will not keep pace.

 

[onlyjs]

rumor Saudi has struck a deal

 

[degenerate423]

how do you get notified for his live streams? good stuff and advice

I signed up for his market mastery program.

 

[shibadekobe]

OPEC + Russia to cut 2 million bpd and Saudi to cut 4 million bpd

These are the three big things to focus on from OPEC and the G-20 meetings over the next 48 hours

These are the three things to focus on from OPEC and the G-20 meetings over the next 48 hours to discuss global energy markets.

www.cnbc.com

 

[tay1]

.

 

[shibadekobe]

 

[shibadekobe]

FRANKLIN RESOURCES PREPARES FOR POSSIBLE CHESAPEAKE ENERGY DEFAULT, SOURCES SAY

 

[wballz]

Bought XOM on the dip because it broke through 09 levels and reached post .com levels.

Thinking if this is it and sell for profit or speculate another dip down.

Bought it because of the dividends and I just like oil ever since. Hoping aramco would open up in the US markets to get more $$.

 

[biggie62]

This guy Camath Palihalitiya is the most realistic person talking about the markets on CNBC. Everyone else is so ******* rosie

 

[Betonblck]

This interview is epic on CNBC!

 

[shibadekobe]

OPEC+ SAID TO DISCUSS GRADUAL REDUCTION OF INITIAL 10M B/D CUT
OPEC+ WOULD CUT ABOUT 10M B/D TO JUNE, 8M TO DEC, 6M TO APR '21

 

[turbospartan]

This interview is epic on CNBC!

Damn what was said?

 

[dragonnife]

Bought XOM on the dip because it broke through 09 levels and reached post .com levels.

Thinking if this is it and sell for profit or speculate another dip down.

Bought it because of the dividends and I just like oil ever since. Hoping aramco would open up in the US markets to get more $$.

What other dividend stocks are you looking into?

 

[Betonblck]

Damn what was said?

He is smashing all the BS that is spewed on CNBC all day long about the stock market helping out the blue collar worker.

He's talking about the transfer of wealth to large corporations through these bailouts.

How the stock market doesn't reflect the reality of our economy.

The Fed propping up failed corporations.

Just some of the things he talked about.

 

[biggie62]

Damn what was said?

Basically saying that the markets don’t reflect the economy. Businesses are going to close if they aren’t closing right now. People will be without jobs until we have a therapeutic and/or vaccine. Until then we will have re-infections and deaths. Only normal employees will suffer.

He said that only the credit market reflects what is actually occurring.

 

[shibadekobe]

Get Chamath on the Ballot!!

 

[based mod]

He is smashing all the BS that is spewed on CNBC all day long about the stock market helping out the blue collar worker.

He's talking about the transfer of wealth to large corporations through these bailouts.

How the stock market doesn't reflect the reality of our economy.

The Fed propping up failed corporations.

Just some of the things he talked about.

What's CNBC's raitonale that the stock market is helping out blue collar workers? Unless they're spewing the usual "trickle down economics" BS.

 

[johnnyredstorm]

Buddy of mine who is epitome of buy and hold retail told me I missed out on the buying opportunity. We're going lower.

 

[Betonblck]

What's CNBC's raitonale that the stock market is helping out blue collar workers? Unless they're spewing the usual "trickle down economics" BS.

The usual rationale that regular people own stocks so the inflation in asset prices really helps them out and helps the economy.

 

[shibadekobe]

WTI red, sold the news

 

[shibadekobe]

Chamath Palihapitiya: US shouldn't bail out hedge funds, billionaires during coronavirus pandemic

Chamath Palihapitiya, founder and CEO of investment firm Social Capital, said the U.S. shouldn't be bailing out billionaires and hedge funds during the coronavirus pandemic and should help out the general public.

www.cnbc.com

 

[shibadekobe]

 

[tkthafm]

“It’s possible that we are in a completely fraudulent system,” - Michael Burry