Today Market

[BA_lurker]

Impressive to be up 2.5% YTD when the market is down 30%

[pandeyathotmail]

@druid

If 90%of businesses are not running or running light, why should the stock market stay open?

Secretary Manuchin answered this question yesterday. Americans must have access to their money.

[pandeyathotmail]

OK to let volatility play itself out. Shutting down market will do little to alleviate panic.

[pandeyathotmail]

@BA_lurker

Impressive to be up 2.5% YTD when the market is down 30%

@marcus335 is a master investor.

[hanera]

AMZN and VEEV are green.

[Jil]

@hanera , other than AAPL, are you still holding rest of the stocks as Buy/Hold?

[hanera]

Many utilities and natural resources stocks bought long ago. I don’t look at them at all. Other than AAPLs and S&P index funds/ ETFs, the rest are insignificant as in even if they go to zero won’t change my net worth much.

PG is green

[Jil]

@hanera

Many utilities and natural resources stocks bought long ago.

I ever tried to buy some utilities companies and energy (producers), but market is wild to touch them ! Unable to decide, but trying to keep the list of companies to buy at low, esp dividend companies.

[druid]

You could avg down into VPU slowly.

[hanera]

AWK
WM
RSG
PG
AEP
CAT
DE
BHP
BRK.B
COST

[acre]

@BA_lurker

@pandeyathotmail

What did Trump say today to cause a market drop? This is the problem with US economy and state of Capitalism. The market and the business should be valued for their ability to earn. The utterance of someone should not be a factor. The dislike of Trump or any should not cloud the ability to be a market participant who can come to conclusions rationally and objectively. Although I am not aware of what Trump said. I would like to know what it was.

Dude he can’t take credit for an up day without also having to take credit for a down day. I was calling out his hypocrisy. The reason he gets away with all his shit is the cult like worship of republicans to excuse him each and every time

He mostly certainly can take credit if his policies lowered unemployment and increased wages and a global pandemic crashed everything. No hypocracy at all. Thank God we went into this as strong as we did. The market is STILL above where it was election day.

[acre]

@marcus335

All cash. I even closed out the short puts at a loss instead of buying shares on Friday. They were more than offset by buying puts on other stuff, so YTD is +2.5%. I still think we go down further. I’ll probably buy some puts the next big up day. It made sense to cash in while VIX was this high, and puts are selling at a fat premium.

That was by FAR the most short I’ve ever been in terms of net position. It’s weird when the market crashing and people panicking are good for your own returns.

I’m still 80% stocks. When these things come back they come back fast and hard. Rather just ride it out then sell and miss the bounce back.

[harriet]

@acre

When these things come back they come back fast and hard. Rather just ride it out then sell and miss the bounce back.

Won’t V shape back to 30k Dow in the near term even when this thing is over if that’s what you are thinking.

[dioworld]

https://www.yahoo.com/news/state-unemployment-websites-crash-applications-150200792.html

[marcus335]

I wonder if states will even have enough money for all the claims. Some states require the business to pay unemployment. California does and there’s a $200/wk markup to cover administrative costs. Yup, the state takes 31% of the money to cover administrative costs. The state fund only kicks in when a business fails. All businesses pay into the fund.

[pandeyathotmail]

This also indicates failure of the govt institution to deal with an external shock like corona virus. What does that mean?

[marcus335]

I’ve always said it’s foolish to expect the government to take care of your family. Even if the government takes action, you can bet it’ll be late and poorly executed. Just look at this situation. Private companies and wealthy people were stepping in before the government to help people and make sure they keep getting paid. As soon as pro sports shutdown, owners and players came together to make sure hourly staff will be paid. Waiting and hoping for government action isn’t a plan.

[pandeyathotmail]

@harriet

@acre

When these things come back they come back fast and hard. Rather just ride it out then sell and miss the bounce back.

Won’t V shape back to 30k Dow in the near term even when this thing is over if that’s what you are thinking.

FED has no power to control deflation. FED can only increase the money supply, create inflation, or control interest rates. Prices return back to normal. So, if dow does drop to 3000K stays there for the next 20 years, no worries because prices of everything else will fall in same ratio. I do not know how will it play out, Who will be the winner and who will be the looser, but FED will cease to exist. Which will be good for US in long run. Probably we need to return to some-kind money tied to gold to control profligacy in government.

[Jil]

@acre

I’m still 80% stocks. When these things come back they come back fast and hard. Rather just ride it out then sell and miss the bounce back.

You are like hanera or wqj here ! It is a great mind set to hold in stocks !!

[hanera]

@Jil

Despite my knowledge, I am a bad swing trader. It is a character trait.