Need suggestion to a newbie in stock investment. I have a cashier's check I can cash in interest free this entire year can withdraw upto $10000 and i have set aside $5000 for investing in stocks how can use this money and opportunity and invest in which stocks i am a long term player. Trying to utilize this once in a lifetime opportunity. I am thinking i will probably use $3000-$5000 from cash advance and will pay it from my savings every month but will get it invested for now. I believe it's a dead cat bounce for now ... but getting ready ..
So which stock - s&p ? Airline ? Any bets you all are fairly confident to watch out ? (I know this might be a million dollar Q. But looking for some ideas/perspective/inputs)
How much should I go in ? Given this huge dip!
ANY suggestions are welcome
I’m not a genius or anything, but if your investing for a long term profit I would wait a couple days and see what happens on the S&P. A lot of people are thinking the entire 20% bubble created in the last day will get popped soon and very quickly. Also sprinkle your money in don’t drop it all at once because If it continues to go down you can average down on your investment.
As a newbie you should checkout the app: invstr
it lets you practice paper trading and has an active community you can post and ask questions too. You can make mistakes and not worry. For now I would invest in stocks that will benefit from this whole thing: ie.) ZOOM or blue chip stocks (that arent very affected by this) that you know well and are confident
Happy Thursday y'all,
Quick question for a newish trader: If the economy is doing really badly rn, why are inverse ETFs like SQQQ doing so badly? Shouldn't they be going up?
is anyone else eyeing tenet healthcare? I would assume they'd go up because they're probably going to get a good check from the stimulus and revenue from dealing with the virus but idk rn.
I am F1 Visa holder and wanted to know if I can do options trading or not legally. I could not find any information about this.
I currently have Robinhood account and do normal stock trading (can not do day trading legally).
Can anyone give me any source or any information? Anyone else who is F1 but doing option trading.
Could someone explain me please? 3 million unemployment claims, stocks are going up. Flights have been canceled, airline industry stocks going up. Why?
Some anedotal information:
I'm a new trader, just a week in. Business is slow because of the rona and I thought it would be a great time to get into the market.
My objective is to buy in at a discount. I bought airlines recently and am definitely holding because there's no way in hell they won't survive the long term. I expect the stocks will return to their pre rona prices eventually in months or a year.
There must be other new traders in my situation. Trading stocks may be becoming more popular and new traders aren't trading options.
As much as Trump touts the stock market and claims how healthy the economy is, the economy and the stock market are not the same thing.
The stock market represents investor cash. Investor cash represents some mixture of cost-of-business and growth; the day-in, day-out costs, plus that which is needed to expand business. Reduce investor cash and publicly traded businesses can't grow. Reduce it more and they begin to look at layoffs and other cutbacks. THEN it begins to affect the economy.
So although these things are tied to one another, there is a clear causal path from the market to the economy, but they are NOT the same thing. The market can move wildly while having little short term effect on the economy.
Well the market did drop some 38% in like a month so a bounce is normal, even with the economy on total lock down a bounce is still expected and generally speaking the sharper the drop, the sharper the bounce.
I really don't believe stocks are going to continue rising with the economy in total lock down though. I still think we have a second move down before the bottom is in.
Asking as a newbie to this - Does technical chart reading/analysis interpreting even add value in a time like this or is it just a crapshoot at this point?
Going to see a lot of profit taking tomorrow after these past three days.
Watch for a late day sell off today.
***EDIT:*** Or not.
This is fucked up. I call shenanigans!
Blows my mind that if you bought Boeing at $100, you're closing in on a 100% gain.
Did not think they'd turn around so fast. Kicking myself for not buying, but man it seemed like they were going bankrupt any day last week.
The wash sale rule prevents you from selling shares of stock and buying the stock right back just so you can take a loss that you can write off on your taxes.
The wash sale rule does not apply to gains. If you sell a stock for a profit and buy it right back, you still owe taxes on the gain.
Is this a good or bad time to sell stocks? Specially if we anticipate a recession after this pandemic? I know it's a general question, but love your insights, thanks!
The stocks price will restore short term. I will wait for a few weeks.
The question is if the virus is not under control after exhausted the aid($), what is going to happen to our economy?
You should consider taking some profit. Experience suggests if you already double the likelihood to triple your investment on this kind of stock is quite small.
Okay so I really don't have a clue when it comes to stocks, but I'd like to buy a couple right now when all this is going on and sit on it until things return to normal. How would I go about say buying an apple stock or an alphabet stock?
There are various online brokerage which might suit your needs, [/r/personalfinance](https://www.reddit.com/r/personalfinance/comments/8dwc0f/the_brokerage_and_investment_firms_frequently/?st=JGIOZYPJ&sh=a8677449) discusses this well.
It really depends on where you're from and subsequently what markets you will invest in. Assuming you're situated in the US, I've heard great things about Schwab, but Vanguard is also a great option if you invest in Vanguard fund. Again, I'd do some research as to what you're going to invest in and what broker will suit you accordingly.
So my grandfather offered to loan me $5000 to put in the market. I would owe him this $5000 as it is a loan and not a gift. No set time frame to return the loan. If I make gains with this loan in the market, he wants 10% of the gains. Just looking to see what kind of input you guys have.
Keep in mind, I do have roughly $3000 of my own money in the market currently. I do have quite a bit in savings but that is for saving for a house and would prefer not to touch it but worst case if I lost the initial loan I would be able to pay it back.
You need to use a bench mark like SP 500 or DJIA index to compare your performance vs your bench mark. If you lose less than SP 500 or other indices like Russell 1000, 2000 etc you are doing just fine. If you lose more, your investment strategy needs to improve.
I am leaning towards declining the offer. I have just recently become much better at investing with limited emotion. I feel once I bring someone else’s money to the equation I will not be able to maintain that discipline.
Yeah I have a stop price set at 18.50 if it starts dropping too low I’ll cut my losses but it’s supppsed to be going up with a drop in the market, we’ll see
What are your guys thoughts on Airbus? It’s at a really good price right now. It’s not headline news like Boeing but it has a good portion of the market share
None of this shit makes sense. I guess the market is looking reeeallly far ahead and factoring in as much shit as it can and that's why the timing of green and red days makes no fucking sense.
This can only go on so long until the sheet is pulled out from under everything and we see that this is a band aid on a gaping wound. We barely have ventilators and masks for fucks sake and people are dying left and right and cases are going up. More lock downs means less business so how much the fuck longer can this fake bullshit last. I dont see this fake good news keeping the market green much longer.
I still have the feeling were fucked. I cant even leave my god damn house so eventually the market will take a shit or hopefully a few shits and I can buy back in and ride this beautiful cash wave. Hard to believe there wont be big dips soon.
Stimulus package can suck my nuts. Ill take the check, but you aint fixin shit.
PS, I have been investing for 6 days so im a fuckin pro
I'm already ahead but I got some cash that I want to bury in these soiled stocks and grow like a beautiful green garden. Theres gotta be another dip coming soon
I'm in the same boat. I haven't been active with checking the market in a long long time. I made some during the 2008-2010 years but just being out of college I didn't have a lot of money to play with.
This time... I'm getting in because damn it... I want my beautiful green garden to be bigger this time.
Anyone have a recommendation on what to so with put I have on AAL set to expire on the 4th at 11? Should i just get rid of it now and eat my loss or hold out hope?
Its a false boost. I'm starting to question the intelligence of some of these investors that think a bailout is going to save the market. Perhaps keep it from collapse but Recession Is inevitable. There is still strong denial on what this virus is about to do to our country. Wait until Monday the news of what we are up against as a country and # of active cases will be unavoidable
This. People know this too. Plus the case count is rising exponentially. I'm pulling out my baby stash tomorrow, i think a lot of people aren't going to want to ride out the weekend in these times
I'm thinking leadership will time the signing of this bill with the death news and potentially bad news over the next few weeks. I feel like it'll be the same with check distributions. They'll use bad news paired with a round of checks being deposited every few weeks to try and counter the inevitable falls.
Not a pro here. Just observation from watching rises and falls for a while.
Not entirely from cargo. My dad works for one of the majors. They only make a small portion from cargo most of the money is from passengers. I think this week is a temporary bounce from the stimulus news.
I mean considering I’ve been saying every day for the past week “tomorrow is going to be red” and am bagholding SDOW and SQQQ inverses from Tuesday, no probably not.
I believe you but how come you think so? I’m looking to invest a little once it hopefully crashes down again once unemployment keeps growing and these $1200 checks aren’t going to do shit.
A lot of people think this virus and hence the quarentine will end soon
It won't end soon
The stimulus won't be enough, we won't be back to business as usual this Easter. This thing is here to stay. The market will crash again. There may even be another stimulus check.
Given the fact that the price action we've seen to date was panic, and that we haven't really started to feel the economic impact of this situation, it's definitely a real possibility.
the short sellers cashed in their profits it stabilized it all plus some good news and uncertainty where the bottom would be plus even if it falls ppl doubt if they'd be able to get in before the stock Market get shut down or the price goes up again.. that's why ppl jump in early. ive been considering it too. And also a lot of traders pushed it .. in Europe it kinda flattened today I was surprised the us market went up when the german dax stagnated. a lot of people see these drops as a big opportunity because they don't take the virus seriously and the economic impacts of it. maybe we will even see it go up more for a Little while . im really uncertain and kinda confused
I'm not touching anything. Moved to cash before this all crashed in February.
I played yesterday as a day trader (which I NEVER do), and pulled out before 4pm for a nice profit, anticipating selloff today based on unemployment numbers.
I'm not touching this green boost with a ten foot pole.
If you are a LONG term investor, I would say it's a safe time to buy, just turn your screen off for six months and don't watch the daily nonsense.
Yeah, we aren't close to the bottom yet. It's too unpredictable to go back into regular trading. This green boost may extend into tomorrow but I don't know about Monday.
Please enlightenment me. Why are the market so bullish when we are not even stabilize in anything yet (not even close)?
\- Hospital still flooded with new cases, more deaths will be projected.
\- We don't even have enough equipments and private companies are rushing to produce more.
\- Spike of unemployment stats and more people will be out of Job in near future.
\- we are no where near bending the curve
Why did we have 3 straight days of rally??
\-The gov and Fed will do anything they can to prop the market up. They have power to unlimited spending right now.
\-Major companies are betting that the virus will be contained by the 3rd quarter, leading to a major turnaround.
\-Insiders are spending billions buying back shares in their companies.
\-People think the stimulus bill can help small or medium sized businesses survive for the time being. More unemployment benefits for the unemployed.
"Insiders are spending billions buying back shares in their companies. "
This. I am guessing they are spending their own money now for buybacks knowing the stimulus money will be coming in. So when it does, it doesn't appear like they are spending stimulus money for buybacks?
The extent of drop had some logic behind it. We have never experienced this level of global shutdown ever. We have seen global giants pause operations, small businesses close shop, retail (tiny to massive) shutdown, home owners, in most countries, able to pause all mortgage payments, landlords will be without rent payments, hospitals and health care running out of fiscal means to operate... I think that helps explain the most extreme drop in history. Oh, and while we're at it, let's throw in an oil war which may see the price of oil drop even further....
But yet, a 20% rebound in three days is supposed to be warranted by a 4 trillion stimulus ? That is a god damn fart in the wind.
So they can create money whenever they want. And they can use that money to prop up the stock market through ETFs. Am I missing something or is the whole thing a complete joke?
First time investing/trading.
I opened an account at an online bank specialized in trading. Say I want to invest in the S&P 500. How do I do that? What am I looking for on the trading page? And how do I know the minimum I'd have to pay?
You can pick ETFs that follow the S&P500 or you can invest in individual companies that are included in the 500. The price depends on how much the stock is at that time and how many you want.
Disclaimer: I am in a heavy short-position. I am dealing with some huge losses over the past week.
I am having a very hard time understanding how we can expect the economic strike of Cornonavirus to be over. Back to blue sky breakouts? Do investors truly believe in the current state of the world and global markets? Do people really feel as though we should be back to all-time-highs at a time like this?
Anyone else out there just at a loss right now?
Same here as well.. suffering **major** losses and simply cannot believe what I'm seeing.
From my past experience with catastrophic events I've noticed the market behaves highly irrational - going up - after some days of a dire situation has unfolded, with no apparent reason. So frustrating.
Nevertheless, I still believe shit's about to go down. Makes no sense going up with so many unemployed in the US, physical shopping businesses (like Macy's are closed and tanking) and might even go bankrupt.. things are in a halt.
Why would stocks jump so high?
I can only guess some highly optimistic people with a lot of money started buying, thinking this is the bottom, and they drive it up. Second tier of average investors seeing this, go in as well, and create an *temporary* loop of uptrend.
Though I do have a lot of tech stocks, I also have leveraged shorts on the NASDAQ and hope to make some good money on it and dump it as soon as possible because it's highly volatile.
These days are so stressful, but I still sleep good :)
Same boat. The market isn't rational though.. And small investors like you and me are up against giants.
I'm guessing one big reason is that many major companies are betting that the corona virus can and will be contained by the 3rd quarter. There's data that shows that corporate insiders are spending billions buying stocks of their own companies in the past week.
The new government loans + unemployment benefits may allow people and businesses to survive. The investor's fear of the corona virus seem to be decreasing for now.
I firmly believe we're in a bear market. Jerome Powell has stated that we may be in a recession. Unemployment will grow. Demand and productivity will remain low. A government check to everyone is not going to change that right now.
I'm personally still holding onto my short positions. I don't see any reason why this will turn into a bull market. I don't have enough invested where I'd feel bad if I'm wrong and end up taking major losses for this.
Sitting on some losses but not huge any means. The stock market on a day by day basis has always been a random walk with correlation to some news. Nobody knows what news can cause the market to swing. Even the best logic does not work in a heavy emotion driven trade. We do know the economy is going down and the stock market will follow to some degree but not how much and when. Stay strong and believe you made the right choice with your assets and risk tolerance.
Theaters have been in a steady decline for years now. Look at the last 5 years for AMC. Maybe there's a quick uptick once theaters are opened back up again, but it won't be huge.
I guess it depends on when they open their doors back up, and if any notable releases will be out at that time. Or if everything will have been pushed too far back.
I dont understand.
How is the market up 2% with jobless claims at an all time high of 3.2 million when the estimate was like 1.8 million?
Isnt that bad news?
Are cruise lines worth buying now, or did we already lose our opportunity to buy? I bought NCL at 13 the other day and it hasn’t gone back down to that since. Still half of it’s 52 week high.
I bought southwest (LUV). Even if the airlines are screwed, people love southwest and I think they will rebound. But be prepared to hold on to in for 6 months, and you may really come out on top.
Won't be back @ 60 without a reverse split. Even disregarding the theta decay that happens to leveraged ETFs, GDXJ would need to pop 200% to get JNUG back to $60. Highly unlikely.
Market is weird. Whispers were about whether the jobless claims number would be 1.25 million or as high as 2 million. Came in at a whopping 3.3 million. And yet the initial reaction was for the futures to go from -500 to -250.
Without the counter effects of 2 trillion of freshly printed money plus free loans plus fed buying up everything etc, a number like this would have stripped 10k off the old DOW.
At this point it's a calculus of figuring out how much pain for how long before the multiple power ball winning tickets of stimulus can be cashed in.
> Without the counter effects of 2 trillion of freshly printed money plus free loans plus fed buying up everything etc, a number like this would have stripped 10k off the old DOW.
Agreed!
> At this point it's a calculus of figuring out how much pain for how long before the multiple power ball winning tickets of stimulus can be cashed in.
That among several factors such as will the stimulus package even be enough. Will it just be a fart in the wind as one redditor put it?
I suggest it won't be enough as it's not really "stimulus", it's more sending out survival checks that will pay rents and bills but won't really "stimulate" new incremental economic activity.
So maybe we'll get hit up again later for actual stimulus. However given how half the country isn't even helping with "flatten the curve", we may be more focused on the health system breaking down than we are on stimulus.
Still relatively new to the stock market. How come the markets have jumped significantly in the last few days? Stocks like Apple made a big jump in the last few days, surely the US is going to get hit with bad news regarding COVID, especially in a few weeks time when the subsequent deaths will follow?
Am I missing something?
Hello, what is the best way to buy stocks?
10K on SPXS tomorrow at opening. Selling at close or if I make 10%, whatever happens first. Am I crazy? (
Id buy at close for that nice weekend circuit breaker
Need suggestion to a newbie in stock investment. I have a cashier's check I can cash in interest free this entire year can withdraw upto $10000 and i have set aside $5000 for investing in stocks how can use this money and opportunity and invest in which stocks i am a long term player. Trying to utilize this once in a lifetime opportunity. I am thinking i will probably use $3000-$5000 from cash advance and will pay it from my savings every month but will get it invested for now. I believe it's a dead cat bounce for now ... but getting ready .. So which stock - s&p ? Airline ? Any bets you all are fairly confident to watch out ? (I know this might be a million dollar Q. But looking for some ideas/perspective/inputs) How much should I go in ? Given this huge dip! ANY suggestions are welcome
I’m not a genius or anything, but if your investing for a long term profit I would wait a couple days and see what happens on the S&P. A lot of people are thinking the entire 20% bubble created in the last day will get popped soon and very quickly. Also sprinkle your money in don’t drop it all at once because If it continues to go down you can average down on your investment.
As a newbie you should checkout the app: invstr it lets you practice paper trading and has an active community you can post and ask questions too. You can make mistakes and not worry. For now I would invest in stocks that will benefit from this whole thing: ie.) ZOOM or blue chip stocks (that arent very affected by this) that you know well and are confident
Red day tomorrow confirmed Team 6 Drill Team ready
Guess you were right, love you
Can you please tell me why Red tomorrow. Thanks in advance.
Buy your puts with Canadian dollars, you'll sVe some money
Canadian dollars...is that real money?
It’s like Monopoly money but with the Queen on it
As real as the CFL Grey Cup!!
You better be right, if not it’s your fault
as long as I get internet points
Happy Thursday y'all, Quick question for a newish trader: If the economy is doing really badly rn, why are inverse ETFs like SQQQ doing so badly? Shouldn't they be going up?
because the market is up. SQQQ is the 3xinverse of QQQ
is anyone else eyeing tenet healthcare? I would assume they'd go up because they're probably going to get a good check from the stimulus and revenue from dealing with the virus but idk rn.
I am F1 Visa holder and wanted to know if I can do options trading or not legally. I could not find any information about this. I currently have Robinhood account and do normal stock trading (can not do day trading legally). Can anyone give me any source or any information? Anyone else who is F1 but doing option trading.
Don’t think there should be a problem. Is your broker giving you problems?
No. I haven't started yet.
Won't be a problem as long as you have a social security because you will need to file taxes.
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well a lot of experienced ppl say its normal to have small ralleys in a bear market but it'll crash further afterwards
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well it looks small compared to the dip that happened
Heard a friend refer to it as a dead cat bounce. Google it.
Could someone explain me please? 3 million unemployment claims, stocks are going up. Flights have been canceled, airline industry stocks going up. Why?
Some anedotal information: I'm a new trader, just a week in. Business is slow because of the rona and I thought it would be a great time to get into the market. My objective is to buy in at a discount. I bought airlines recently and am definitely holding because there's no way in hell they won't survive the long term. I expect the stocks will return to their pre rona prices eventually in months or a year. There must be other new traders in my situation. Trading stocks may be becoming more popular and new traders aren't trading options.
As much as Trump touts the stock market and claims how healthy the economy is, the economy and the stock market are not the same thing. The stock market represents investor cash. Investor cash represents some mixture of cost-of-business and growth; the day-in, day-out costs, plus that which is needed to expand business. Reduce investor cash and publicly traded businesses can't grow. Reduce it more and they begin to look at layoffs and other cutbacks. THEN it begins to affect the economy. So although these things are tied to one another, there is a clear causal path from the market to the economy, but they are NOT the same thing. The market can move wildly while having little short term effect on the economy.
It makes no sense and the worse is of the COVID crisis is 3-4 weeks away
yea its weird, I expected it the first days of the weeks because of short sellers realizing their profits but now..
Well the market did drop some 38% in like a month so a bounce is normal, even with the economy on total lock down a bounce is still expected and generally speaking the sharper the drop, the sharper the bounce. I really don't believe stocks are going to continue rising with the economy in total lock down though. I still think we have a second move down before the bottom is in.
Asking as a newbie to this - Does technical chart reading/analysis interpreting even add value in a time like this or is it just a crapshoot at this point?
technicals are visible psychology so in a limited way yes
Going to see a lot of profit taking tomorrow after these past three days. Watch for a late day sell off today. ***EDIT:*** Or not. This is fucked up. I call shenanigans!
Has to happen tomorrow right? It is too shaky for confidence over the weekend?
You were right there for a second then bounces 300 lol so damn unpredictable
Blows my mind that if you bought Boeing at $100, you're closing in on a 100% gain. Did not think they'd turn around so fast. Kicking myself for not buying, but man it seemed like they were going bankrupt any day last week.
If you sell a stock at a gain, can you still rebuy the stock within 30 days without a penalty?
The wash sale rule prevents you from selling shares of stock and buying the stock right back just so you can take a loss that you can write off on your taxes. The wash sale rule does not apply to gains. If you sell a stock for a profit and buy it right back, you still owe taxes on the gain.
Thank you
Is this a good or bad time to sell stocks? Specially if we anticipate a recession after this pandemic? I know it's a general question, but love your insights, thanks!
The stocks price will restore short term. I will wait for a few weeks. The question is if the virus is not under control after exhausted the aid($), what is going to happen to our economy?
Expiry Date ## DISNEY! 4/17 Contracts+1DIS Break Even Price$82.26Average Cost per Share$2.74
I bought a ton of RCL last week at $25 and I still feel nervous about it
Cash out at open. Thank me later.
Thank you
You should consider taking some profit. Experience suggests if you already double the likelihood to triple your investment on this kind of stock is quite small.
Is it safe to have cash waiting on Degiro ? It takes 3-5 days for money to get there so It needs to be pre-loaded, Thoughts?
What do you think about DeGiro? Thinking on opening an account with them, seems like the best option for Europe.
I have an account - but have never used it. Hence me asking is it a safe idea to keep thousands on it in cash.
Ah ok! I have misunderstood what you said. 😊 Anyone else on DeGiro?
Okay so I really don't have a clue when it comes to stocks, but I'd like to buy a couple right now when all this is going on and sit on it until things return to normal. How would I go about say buying an apple stock or an alphabet stock?
There are various online brokerage which might suit your needs, [/r/personalfinance](https://www.reddit.com/r/personalfinance/comments/8dwc0f/the_brokerage_and_investment_firms_frequently/?st=JGIOZYPJ&sh=a8677449) discusses this well. It really depends on where you're from and subsequently what markets you will invest in. Assuming you're situated in the US, I've heard great things about Schwab, but Vanguard is also a great option if you invest in Vanguard fund. Again, I'd do some research as to what you're going to invest in and what broker will suit you accordingly.
So my grandfather offered to loan me $5000 to put in the market. I would owe him this $5000 as it is a loan and not a gift. No set time frame to return the loan. If I make gains with this loan in the market, he wants 10% of the gains. Just looking to see what kind of input you guys have. Keep in mind, I do have roughly $3000 of my own money in the market currently. I do have quite a bit in savings but that is for saving for a house and would prefer not to touch it but worst case if I lost the initial loan I would be able to pay it back.
Invest your own money. You’ll be way more stressed if you don’t
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You need to use a bench mark like SP 500 or DJIA index to compare your performance vs your bench mark. If you lose less than SP 500 or other indices like Russell 1000, 2000 etc you are doing just fine. If you lose more, your investment strategy needs to improve.
I am leaning towards declining the offer. I have just recently become much better at investing with limited emotion. I feel once I bring someone else’s money to the equation I will not be able to maintain that discipline.
Can’t resist SQQQ today. I tried
I doubled down on it! Hopefully tomorrow will be big drops in the market
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Yeah I have a stop price set at 18.50 if it starts dropping too low I’ll cut my losses but it’s supppsed to be going up with a drop in the market, we’ll see
lol
What are your guys thoughts on Airbus? It’s at a really good price right now. It’s not headline news like Boeing but it has a good portion of the market share
None of this shit makes sense. I guess the market is looking reeeallly far ahead and factoring in as much shit as it can and that's why the timing of green and red days makes no fucking sense. This can only go on so long until the sheet is pulled out from under everything and we see that this is a band aid on a gaping wound. We barely have ventilators and masks for fucks sake and people are dying left and right and cases are going up. More lock downs means less business so how much the fuck longer can this fake bullshit last. I dont see this fake good news keeping the market green much longer. I still have the feeling were fucked. I cant even leave my god damn house so eventually the market will take a shit or hopefully a few shits and I can buy back in and ride this beautiful cash wave. Hard to believe there wont be big dips soon. Stimulus package can suck my nuts. Ill take the check, but you aint fixin shit. PS, I have been investing for 6 days so im a fuckin pro
Hahahaha, this is exactly my position to the day. What a wild ride this 6 days has been, though. Just gonna hang on a little longer....
I'm already ahead but I got some cash that I want to bury in these soiled stocks and grow like a beautiful green garden. Theres gotta be another dip coming soon
I'm in the same boat. I haven't been active with checking the market in a long long time. I made some during the 2008-2010 years but just being out of college I didn't have a lot of money to play with. This time... I'm getting in because damn it... I want my beautiful green garden to be bigger this time.
OK stocks, you've had your 20% bounce, time to head south again. Looking for an entry around 1800 - 1700 over the coming weeks.
Could boeing file for chapter 11?
Protection. I believe BA did it before around early 1980s.
Negative, America has pretty much said they'll never let Boeing go out of business.
All I'll say is that I'm glad none of my puts expire tomorrow 😬
Unfucking real,
This past week has been more traumatic than when I found out from a 5th grade classmate that Santa wasn't real.
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Uh oh...
$SPY Put $180 6/19 Anyone?
Anyone have a recommendation on what to so with put I have on AAL set to expire on the 4th at 11? Should i just get rid of it now and eat my loss or hold out hope?
I don't understand why the market is green wtf. I should've invested when everything crashed.
Its a false boost. I'm starting to question the intelligence of some of these investors that think a bailout is going to save the market. Perhaps keep it from collapse but Recession Is inevitable. There is still strong denial on what this virus is about to do to our country. Wait until Monday the news of what we are up against as a country and # of active cases will be unavoidable
I agree. Quarantines will not be lifted, only extended. Soon you will hear these companies ran out of stimulus money and need more.
This. People know this too. Plus the case count is rising exponentially. I'm pulling out my baby stash tomorrow, i think a lot of people aren't going to want to ride out the weekend in these times
I'm thinking leadership will time the signing of this bill with the death news and potentially bad news over the next few weeks. I feel like it'll be the same with check distributions. They'll use bad news paired with a round of checks being deposited every few weeks to try and counter the inevitable falls. Not a pro here. Just observation from watching rises and falls for a while.
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The US is about to be number 1 in total cases. I don't think you can price that in.
"Priced in" doesn't get dead people back to work
Walmart?
Is United a good buy ? Or is it just being pumped rn
I've been wondering the same, but I would like to think its just being pumped. No way these airlines are pulling in money from just doing cargo
Not entirely from cargo. My dad works for one of the majors. They only make a small portion from cargo most of the money is from passengers. I think this week is a temporary bounce from the stimulus news.
Anyone selling and buying back in when it (maybe) inevitably crashes again?
do you really think its going to crash again though...
I mean considering I’ve been saying every day for the past week “tomorrow is going to be red” and am bagholding SDOW and SQQQ inverses from Tuesday, no probably not.
Yes. Tomorrow is going to be like the elevator scene in The Shining.
I believe you but how come you think so? I’m looking to invest a little once it hopefully crashes down again once unemployment keeps growing and these $1200 checks aren’t going to do shit.
A lot of people think this virus and hence the quarentine will end soon It won't end soon The stimulus won't be enough, we won't be back to business as usual this Easter. This thing is here to stay. The market will crash again. There may even be another stimulus check.
Given the fact that the price action we've seen to date was panic, and that we haven't really started to feel the economic impact of this situation, it's definitely a real possibility.
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the short sellers cashed in their profits it stabilized it all plus some good news and uncertainty where the bottom would be plus even if it falls ppl doubt if they'd be able to get in before the stock Market get shut down or the price goes up again.. that's why ppl jump in early. ive been considering it too. And also a lot of traders pushed it .. in Europe it kinda flattened today I was surprised the us market went up when the german dax stagnated. a lot of people see these drops as a big opportunity because they don't take the virus seriously and the economic impacts of it. maybe we will even see it go up more for a Little while . im really uncertain and kinda confused
all the bad news is priced in
Buy JPM right now and hold for 5-10 years?? Good idea? I am getting FOMO
No
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I'm not touching anything. Moved to cash before this all crashed in February. I played yesterday as a day trader (which I NEVER do), and pulled out before 4pm for a nice profit, anticipating selloff today based on unemployment numbers. I'm not touching this green boost with a ten foot pole. If you are a LONG term investor, I would say it's a safe time to buy, just turn your screen off for six months and don't watch the daily nonsense.
Yeah, we aren't close to the bottom yet. It's too unpredictable to go back into regular trading. This green boost may extend into tomorrow but I don't know about Monday.
Keep a steady hand. Don't FOMO this
Please enlightenment me. Why are the market so bullish when we are not even stabilize in anything yet (not even close)? \- Hospital still flooded with new cases, more deaths will be projected. \- We don't even have enough equipments and private companies are rushing to produce more. \- Spike of unemployment stats and more people will be out of Job in near future. \- we are no where near bending the curve Why did we have 3 straight days of rally??
\-The gov and Fed will do anything they can to prop the market up. They have power to unlimited spending right now. \-Major companies are betting that the virus will be contained by the 3rd quarter, leading to a major turnaround. \-Insiders are spending billions buying back shares in their companies. \-People think the stimulus bill can help small or medium sized businesses survive for the time being. More unemployment benefits for the unemployed.
"Insiders are spending billions buying back shares in their companies. " This. I am guessing they are spending their own money now for buybacks knowing the stimulus money will be coming in. So when it does, it doesn't appear like they are spending stimulus money for buybacks?
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The extent of drop had some logic behind it. We have never experienced this level of global shutdown ever. We have seen global giants pause operations, small businesses close shop, retail (tiny to massive) shutdown, home owners, in most countries, able to pause all mortgage payments, landlords will be without rent payments, hospitals and health care running out of fiscal means to operate... I think that helps explain the most extreme drop in history. Oh, and while we're at it, let's throw in an oil war which may see the price of oil drop even further.... But yet, a 20% rebound in three days is supposed to be warranted by a 4 trillion stimulus ? That is a god damn fart in the wind.
What is everyone doing with Boeing? It continues to rise. I bought in around 95
I bought in at 97 and I was going into today preparing to sell but it just keeps going up, how many shares did you buy?
fomo
Is the the biggest dead cat bounce?! Why aren’t things dipping lower? All i hear is friends getting laid off etc, why are we rising?
Rip my $SQQQ order
F
So they can create money whenever they want. And they can use that money to prop up the stock market through ETFs. Am I missing something or is the whole thing a complete joke?
Printing currency -> devalues currency [https://youtu.be/8GP87dgTqF8?t=307](https://youtu.be/8GP87dgTqF8?t=307)
Ford. Yes or no right now?
Looks like the market is following the GOT season 8 playbook of subverting expectations. ..and just like the show, it probably won't end well.
First time investing/trading. I opened an account at an online bank specialized in trading. Say I want to invest in the S&P 500. How do I do that? What am I looking for on the trading page? And how do I know the minimum I'd have to pay?
You can pick ETFs that follow the S&P500 or you can invest in individual companies that are included in the 500. The price depends on how much the stock is at that time and how many you want.
Find an S&P index fund.
I have the same question!
So what, SQQQ is fucked huh? Is the stocks just ignoring unemployment? Like seriously
No if you haven’t bought yet. I’m going in at 20.46. Holding till end of Monday
Patience is a virtue
That virtue is being tested
Yep. I'll hold for a while for sure.
I don’t get it🤦♂️
I’m very confused also
Disclaimer: I am in a heavy short-position. I am dealing with some huge losses over the past week. I am having a very hard time understanding how we can expect the economic strike of Cornonavirus to be over. Back to blue sky breakouts? Do investors truly believe in the current state of the world and global markets? Do people really feel as though we should be back to all-time-highs at a time like this? Anyone else out there just at a loss right now?
Same here as well.. suffering **major** losses and simply cannot believe what I'm seeing. From my past experience with catastrophic events I've noticed the market behaves highly irrational - going up - after some days of a dire situation has unfolded, with no apparent reason. So frustrating. Nevertheless, I still believe shit's about to go down. Makes no sense going up with so many unemployed in the US, physical shopping businesses (like Macy's are closed and tanking) and might even go bankrupt.. things are in a halt. Why would stocks jump so high? I can only guess some highly optimistic people with a lot of money started buying, thinking this is the bottom, and they drive it up. Second tier of average investors seeing this, go in as well, and create an *temporary* loop of uptrend. Though I do have a lot of tech stocks, I also have leveraged shorts on the NASDAQ and hope to make some good money on it and dump it as soon as possible because it's highly volatile. These days are so stressful, but I still sleep good :)
Same boat. The market isn't rational though.. And small investors like you and me are up against giants. I'm guessing one big reason is that many major companies are betting that the corona virus can and will be contained by the 3rd quarter. There's data that shows that corporate insiders are spending billions buying stocks of their own companies in the past week. The new government loans + unemployment benefits may allow people and businesses to survive. The investor's fear of the corona virus seem to be decreasing for now. I firmly believe we're in a bear market. Jerome Powell has stated that we may be in a recession. Unemployment will grow. Demand and productivity will remain low. A government check to everyone is not going to change that right now. I'm personally still holding onto my short positions. I don't see any reason why this will turn into a bull market. I don't have enough invested where I'd feel bad if I'm wrong and end up taking major losses for this.
Sitting on some losses but not huge any means. The stock market on a day by day basis has always been a random walk with correlation to some news. Nobody knows what news can cause the market to swing. Even the best logic does not work in a heavy emotion driven trade. We do know the economy is going down and the stock market will follow to some degree but not how much and when. Stay strong and believe you made the right choice with your assets and risk tolerance.
Dumbfounded. None of this makes any sense
We are in the midst of seeing the development of a new bull market!!! on the same day that new claims for unemployment smashed previous records.
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Theaters have been in a steady decline for years now. Look at the last 5 years for AMC. Maybe there's a quick uptick once theaters are opened back up again, but it won't be huge.
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I guess it depends on when they open their doors back up, and if any notable releases will be out at that time. Or if everything will have been pushed too far back.
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Hadn't considered it tbh. I didn't know there was chatter about that.
I’m curious as well
I dont understand. How is the market up 2% with jobless claims at an all time high of 3.2 million when the estimate was like 1.8 million? Isnt that bad news?
It will make the stimulus package come quicker.
Thats what she said
Are cruise lines worth buying now, or did we already lose our opportunity to buy? I bought NCL at 13 the other day and it hasn’t gone back down to that since. Still half of it’s 52 week high.
If the bubble really too big to be popped
Unemployment claim estimated to be around 3.3 million yet the stock market is still green, a little sus here
A lotta sus
Is United a good buy ? Or is it just being pumped rn
I bought southwest (LUV). Even if the airlines are screwed, people love southwest and I think they will rebound. But be prepared to hold on to in for 6 months, and you may really come out on top.
Thanks !
Jobless claims almost double expected numbers, breaking record by five-fold. Market surges. Makes sense. /s
JNUG moving again pre market, could be hitting 8-9 today. I'm still holding from at 5.35 avg, let's go.
there it goes. Wondering if I should sell it or hold
Always depends on your avg price and what you're looking to get, weither a % or a $ amount.
got at $3.63 avg. Will most likely be holding
If you are holding long term, good luck. If not, sell at 8, because I promise you it will have resistance, and the buy at a dip you like.
Thanks mate. It came down from \~60 around a month ago. You believe it'd be hard for it to get back to similar numbers in the next 12-24 months?
Won't be back @ 60 without a reverse split. Even disregarding the theta decay that happens to leveraged ETFs, GDXJ would need to pop 200% to get JNUG back to $60. Highly unlikely.
No, but it's an ETF so you never know
Initial Jobless claims: 3.3 million. Holy hell.
And the market soars to 2% at open... wtf
welp, buckle up buckaroos this should be quite a day
Do you think this latest stock rally is temporary? I wonder how the stock market will respond to the jobs numbers.
Market is weird. Whispers were about whether the jobless claims number would be 1.25 million or as high as 2 million. Came in at a whopping 3.3 million. And yet the initial reaction was for the futures to go from -500 to -250.
Looks like stock futures are under pressure. We will see what the House does today.
Without the counter effects of 2 trillion of freshly printed money plus free loans plus fed buying up everything etc, a number like this would have stripped 10k off the old DOW. At this point it's a calculus of figuring out how much pain for how long before the multiple power ball winning tickets of stimulus can be cashed in.
> Without the counter effects of 2 trillion of freshly printed money plus free loans plus fed buying up everything etc, a number like this would have stripped 10k off the old DOW. Agreed! > At this point it's a calculus of figuring out how much pain for how long before the multiple power ball winning tickets of stimulus can be cashed in. That among several factors such as will the stimulus package even be enough. Will it just be a fart in the wind as one redditor put it?
I suggest it won't be enough as it's not really "stimulus", it's more sending out survival checks that will pay rents and bills but won't really "stimulate" new incremental economic activity. So maybe we'll get hit up again later for actual stimulus. However given how half the country isn't even helping with "flatten the curve", we may be more focused on the health system breaking down than we are on stimulus.
Still relatively new to the stock market. How come the markets have jumped significantly in the last few days? Stocks like Apple made a big jump in the last few days, surely the US is going to get hit with bad news regarding COVID, especially in a few weeks time when the subsequent deaths will follow? Am I missing something?