>thought $20/oil was the floor >More states shutting down >Russia/Saudi deal didn't happen >Senators getting sick so even more lock downs will happen as they ancient senators are scared shitless
I lost everything thinking that Oil was going to rebound.
The weekend always causes the market to drop. I bought TVIX right before it closed for this reason. I'm planning on selling as soon as it opens because there's going to be a bulltrap eventually.
Continuing last. Volatility IS trailing off, so the big daily drops we had been seeing are beginning to drop off. Instead of 3000 point losses, we should expect to see more 1000 point drops over time. Plan your strategy appropriately, look to markets from other countries for indications, don't get hot hands with your holdings either. If you are going to buy into regular stocks it's nearly a good time to do so but not quite yet. Things are going to get worse for a while, but the biggest daily losses are looking a bit less likely based on overall sell volume and VIX indicators of volatility. There's a lot of upside to be had in this market, but don't expect too many big daily crashes.
Jace Powell
yea i told you guys it was too soon it will rubberband back at some point, but first its a matter of waiting until all available storage gets too costly/full to deal with
>they don't even try to hide it.jpg no they dont they literally told us about the overnight repos last fall buy EoD/AH, dump the next day onto market to give banks some scrap liquidity
Tyler White
YOUR LIFE DOES NOT TRUMP MY RIGHT TO SPREAD DISEASE DONT TREAD ON ME
Nathaniel Jenkins
Anybody got good Put or call option ideas to throw around?
Im thinking $Dis puts $50. $BA puts as far out of the money as possible. Those guys going bust
Caleb Murphy
I don't think anyone is expecting 3k losses daily anymore, it's not what will kill the DOW. Consistent 1k losses over months will as retarded bullcucks go "this is the floor!" >look to markets from other countries for indications
incredibly to think that garbage was almost $220 last june
Justin Peterson
Loaded up on $SH 34c 3/27 . See you on Mars
Connor Gray
>Those guys going bust Oh no they're not user, but they're going down. I would fully expect Boeing to become a nationalized arm of the government and set a precedent for fed government to buy out failing companies.
Blue chip stocks and expect to hold them for a year. They have become the closest thing to an index fund any more
Samuel Scott
buy Apple, Microsoft, and defense stonks (Kratos, Lockmart, Raytheon) at the bottom
Kevin Turner
yea any dumb asshole HODLing BA common stock is gonna get dunked on
Jonathan Green
this thing is going to have stages. Right now the dollar is increasing in relative value so i have UUP calls, but later we're going to see inflation as your dollar will not be able to purchase increasingly scarce products due to supply chain disruption and focusing on essential medical supplies. For that stage i'm thinking PM related calls and maybe UUP puts. towards the end i expect oil to recover, so i'll go into GUSH. But who knows right? Its all pretty fucked.
Aaron Hill
Any Swiss banks listed on american exchanges?
The guy on the last thread convinced me
Oliver Peterson
I've been watching a documentary on the great depression and this point in time reflects a lot of what we are seeing now:
>Tons of new fags entering the market through brokers like Robin good and webull.
>Tons of over confidence. Literally no one thought this would happen and everyone thinks it will be over soon.
>The federal government doing little or being unable to do anything to stop it
>Lay offs then defaults
Is this really it? Almost exactly 100 years later?
Everything I've been seeing and reading is that Oil will go down to at least $5. I'm shorting oil like crazy and making a mountain of cash.
Asher Rivera
> Not measuring by points ????
Alexander Stewart
That point in time**
Luke Gonzalez
Hell given how some of the posters here seem to be reacting to simple points that aren't controversial and seem to be unable to exercise basic reading comprehension, it sure fucking feels that way. But on that note, I'm looking at the HSI which took a more directed blow to its system. As we can see, over time with slow slides the market began to stabilize, but then opened fully recently (The big slide) yet even then is beginning to stabilize. I'm nowhere near calling this a floor. That won't be until we are well into a market recovery. And even then, we will only be able to retroactively call it a bottom.
Keep in mind 1920s had absolutely vicious bulltrap spanning fucking months. There's no guarantee it won't happen again.
Gabriel Butler
When do futures start
Jackson Bennett
BLACK MONDAY
Gavin Cook
>market at 30k >"OH NO MUH 2500 POINT DROP! WE DOOMED!" >market at 15k >"Oh, just a 1500 point drop, thats nothing" >1000 point difference >8% drop vs 10% drop BUT MUH POINTS!!!! IT ONLY MATTER IF BIG POINTS! THAT WHAT NEWS PERSON SAY!
what type of accounts are most of you guys invested in? general brokerage accounts? retirement accounts? I am setting up a Roth IRA right now thru vanguard and looking at all the advice here..I guess the move would be to buy inverse ETFs, or hell maybe just something like VOO since it's bottoming out right now - and the argument is that it will creep back up over time
Tyler Stewart
user I get what you are saying but you need to understand points are there for a reason.
Ryan Davis
As black as the devils bottom
But it's bad to buy them now right.
How do you when the bottom is in?
So oil is indicator of the bottom?
Jonathan Young
>that it will creep back up over time But It's not the bottom yet?
Brayden Nelson
>Merkel in quarantine because her doc was tested positive for corona chan
Absolutely. I'm of the opinion that it will get a touch worse. I'm just doubtful of these guys who all say it's going all the way down. I reckon it'll be a more day to day process to see any gains from positions. That is buy and dump daily pretty much in order to scrape up any profits. But I'm very much of the opinion that we aren't going to continue seeing these big slides. Slow to anemic growth is possible, but it depends on how the volatility trails off and how Forex markets do. I've been tooling in there for a while but I've never been big on it. Especially as the dollar is currently being seen as a safe haven for currencies at the moment.
Colton Thompson
Don't hold cash buy SDOW calls
Charles Anderson
A thousand point drop is down 5% at this point. So I guess you’re right, we won’t be seeing multiple 3,000 point drops now because it’s now not far from triggering the daily circuit breaker.
We are only 4000 down from a 50% drop off the high.
Josiah James
>So oil is indicator of the bottom? Fuck no, if Russia and OPEC made a new deal, oil would skyrocket while economy would still be dead.
Jaxon Myers
>having a talk with some dipshit in the "let the boomers die, we must save the economy" camp >they won't listen to reason about the need for lock downs >getting nowhere, so I decide to ask them how many they could live with dying for the economy >tell them I'll give them exactly how much we'd have to restrict ourselves to meet that threshold >while I'm at it, suggest 50k and 70k as complete nonsense lowballs cause by this point I'm fucking convinced they're naive dipshits My standards for them were low, but holy fuck. >We should only shut down enough to keep deaths below 40k When the fuck did they add calculus to school curriculums and why wasn't it 40 god damn years sooner and mandatory as all fuck? There's already more than 40k god damn walking ghosts.
well sure that's the million dollar question. so buy in at it lowest. let me get my time machine
Matthew Lewis
what are good cheapies to get in on to hold long as this bitch continues to crash
Daniel Brown
Timing the bottom exactly is a fool's errand. It's not like we'll just return to "stonks only go up" at a certain threshold. There will be massive volatility for months even at the "bottom". Start buying after next Monday.
Thomas Torres
holy shit, wish I had puts on DAX
Jack Rogers
its an indicator of increasing demand for all things. Right now we're heading into global lockdown scenario for who knows how long, so people aren't going to be using a lot of oil. Trade is also fucked so that fuel won't be used for international shipping or flights as much. Less demand, plus more supply is going to crater oil even more. Oils recovery will lag somewhat from general economic recovery.
Elijah Jackson
Literally everyone warned you oil idiots not to buy yet. But you all had to rush into GUSH. Oil isnt rebounding until Saudis and Russia reach an agreement. Why would you put money in front of a Saudi bulldozer.
Noah Davis
>Start buying after next Monday. Fuck no unless you want to hold your bags for 4+ years. We're not anywhere close to the floor, we won't be for atleast a year. Even if this virus shit blows over, we still won't be at the bottom.
Ryder Roberts
> Every fucking time Welcome newfriend.
Justin Adams
>But it's bad to buy them now right. You will make money regardless. You won't make the MOST because that would come from hitting the bottom. But you won't know where that bottom is until well after we have passed it.
Adrian Hill
Buying the dip. Trump will turn this into a V shape recovery. It's just a flu lmao right fellow pedes.
Nicholas Thomas
AAPL, MSFT, TSLA (below $250), RTN, LMT, KTOS, PFE, NET
I'm getting so hard thinking of all the blue chip stocks I'm going to buy on discount after the whole market finishes correcting. BMO, Suncor, CPR, Telus... all so cheap right now
bro we haven't even started the crash. I can't understand people who see that we're going into at minimum a 12 week quarantine and still think now is a good time to buy.
You're right about not timing the bottom though.
Blake Ward
boeing, or do you think they're gonna flop?
Cooper Parker
The government can’t even reach a deal on gibs when both sides want to do gibs. Pure retards are in control.
Easton Morgan
Right. It's a common thing you see. Initially we see these wild swings and they get a lot of reporting. But as volatility tails off, the slump continues but it doesn't really set off any alarms. Instead any growth becomes anemic and the markets become sluggish. Secretly everyone is wishing for the world to end. And a complete crash of the stock markets is what they see as such a case. People should plan their portfolios appropriately. We are seeing a massive influx in the board because everyone wants to know what's going on and get in on the action since some of us are actually making money, but this ride, like the ride to the top, is not indefinite and there's no guarantee that the worst case scenario will play out as they secretly hope. Which feeds into why I'm saying that people who are actually making investing decisions need to plan appropriately so that they can take the full advantage of the markets over the next few weeks.
Joshua Campbell
GOOOOOOOODDAMMIT STOP LAUGHING AT ME YOU BEAR FUCKS
> Market is always this volatile > Points don't give you an understanding of what a normal market day can look like Okie dokie user, people all over the world throughout history have measured their market movements in points, but you sure know better than them.
Ian Parker
And I have puts against XOM. Get fucked, bull.
Ryder Hall
look at that chart m8 now look at their bonds shit is ogre preferred stockfags will get some scraps common stockfags get BTFO, and everyone loses their jobs
Robert Garcia
Boeing is going to 0.
Lincoln Gray
This. (((They))) are doing the best to dump their bags on retail right now.
Ethan Jenkins
Oh no
I'd also like to know
I don't want to hold for years to break even
Is there a way to monitor increasing demand and consumption of oil other than price?
Yep but I'd rather buy right after the bottom than before because then the chances of panic selling are low. I am estimating the bottom to be either hovering around 17k for the DOW or much much lower if it's a full depression
The assumption that there will be a 12 week quarantine is predicated on the assumption that Trump isn't evil or stupid enough to let everyone die.
At this point, given how many fucking times they've denied a full quarantine is coming, I'm convinced they're going to go with a regional rolling quarantine system where each state gets locked down when it gets bad until it's not bad any more. If that plan sounds stupid, it's because it is.
Andrew Morales
what exactly did you think unwinding ten years of stock buybacks was gonna look like?
Samuel Robinson
I'm planning to short oil then DCA into dividend stocks.
Matthew Myers
*submits weekly bernie sanders for president donation* *puts remainder of wagecuck pay into VTSAX* Where my DCA Xhads @?
