Sub17,000

Red lime go whooooo!
Whats your prediction of the bottom?

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low teens

It'll go down to 10k and then start climbing again , check muh digits

piss

16,600 DJI.

Which stocks will you faggots be buying, and when?

Circuit breaker in less than 10 minutes.

12,000 or so

13-14 is sane.

Can't happen in one day -20% and trading stops till the next day.

oil
airlines
power
banks
the basic shit

It will rebound with the passing of the stimulus.

And if Trump lifts the quarantine after 15 days deciding that it can no longer be contained because the economic pain is worse than people dying from the virus, there will be a rally around health, food, and telco companies.

digits say it crashes to 5k

-2k today at close, tomorrow depends if a bailout gets sorted.

>oil
>airlines
I too hate having money on my pocket

LEVERAGED SHORTS IN ALL ASSET CLASSES. TOMORROW.

I will buy BTC once it goes below $3k

Itll bounce off 18,900 gain. The news isn't any worse since Friday, its all priced in. My guess is it floats between 19k and 19.5k for the week, and then we will reassess. Check em.

>The news isn't any worse since Friday,
They just rejected the stimulus package

I bought 29g of silver today. Soon I'll be rich. See you later poorfags

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Chainlink :DDDDD

>its all priced in
more of these shills

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This

over 9000

I have like 20k in I don't care gambling money but know jack shit about investing is there a way to hedge investments or something simple I can put this in when it bottoms out? No idea what to do

MORE! WE MUST GO FURTHER! FIND ZERO! END IT ALL!

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Its gonna hit zero before this shit is done.

Was priced in. Pelosi and Schumer were already being circles anyway. Keep in mind it ran down to where it was because of quarantines and the idea millions were going to die. Looks like the latter was overblown and definitely not happening, so it will chill for a bit. This weeks news cycle will be the stimulus bill, so if they keep dragging it out it could break the 18,900 resistance

>-20% and trading stops till the next day.
This is what will happen.

I'll short that. I'll offer 1 million @18000 today at close

Won't hit zero, if the big boys go under other sectors will take their place.

>18,900 resistance
you are fucking stupid or a bot its already down past 18.900

With the amount of money they're pouring into it, I wouldn't be surprised if it gets down to like 5,000 at least.

Big drop tomorrow, and then the market rebounds sometime this week after those faggots pass a "stimulus package" that undoubtedly fucks all of us over.

It'll tank a few more times as this lockdown continues, before fully rebounding by the fall.

We're crashing this plane with no survivors.

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Nobody actually knows how bad the job loss is going to be yet
anyone who says it's priced in is a shill
we could be headed for 30% unemployment.

Fuck Nancy

>Federal Reserve Bank of St. Louis President James Bullard predicted the U.S. unemployment rate may hit 30% in the second quarter because of shutdowns to combat the coronavirus, with an unprecedented 50% drop in gross domestic product.
>unemployment rate may hit 30% in the second quarter
>unprecedented 50% drop in gross domestic product
no stimulus package is going to stop the drop
sure it will bounce up here and there but as a whole it will keep dropping for a long time

Depends on what sector you want to go into. Retail isn't great but there are deals to be had. Home Depot took a big hit mostly due to China manufacturing but they will rebound fast and should be a long term winner. Stay the fuck out of anything insurance or health care related unless you have inside info. Oil could be a play as it's cheap as fuck. If you want to play day trader I'd buy buy buy P&G and 3M then dump after they announce quarterlies.

>fully rebounding by the fall.
Not a chance, 3 years gains have gone in a month.
GDP forecasts are -4% this quarter, -24% second, if we're lucky it will be around 12k

Bottom will be somewhere around 6k to 8k but the big drop won't start for another 2 weeks. That's when we'll start seeing thousands of deaths each day. Then the hospitals will be swamped, at which point, deaths will climb to 5 digits per day, which will be your signal to start buying.

>P&G and 3M
good luck with that, those niggers aren't going to sell at any price.

12k

caskets & firearms

That's liquidity, trading bots [40% of all volume] aren't programmed for this so they default to cash out.

The drops thus far are emulating the Great Depression. If you follow the current trends and devaluation of different industries stock and compare it to what happened in 1932 you will come to a bottom of $1000-2000 for the Dow. This is gonna hurt.

German crematoriums, you guys are efficient with that.

you have to factor in the fed manipulation
the lower it goes the more they can keep it up

8k

> Currency isn't backed by the price of gold
> It will be just like the 1930s

With oil as cheap as it is more money pumped into a dying market will just cause inflation. No workers/consumers means no money moving. They could write blank checks to any company they wanted and it would just prolong the inevitable. Which is a depression.
If we see 20-40% unemployment, all companies and products once aimed at all of america begin fighting for the 10% of Americans that have money and are willing to spend it on stupid shit.

> cause inflation
yeah, but they will still do it

It’s backed by oil, which hasn’t been this cheap in years. It’s so cheap we can’t afford to drill for it ourselves.

kek, increasing the money supply does nothing when the underlying economy is completely being shutdown.

I know. Because Jewz. Fuck the fed. The upside is maybe when people start pushing wheel barrows of cash around I can fine enough to throw at the bank and pay off my house.

>buying stocks
You are hoping everything is going back to normal?
Boy do I have news for you...

its not going to reach a bottom until we know how long the quarantine will last. it is the uncertainty that is driving to sell off, once the timeline is established people will be able to rationally asses how much damage the quarantine will do and the market will be able to stabilize at a level that reflects the new reality

Let me dismiss the notion that nominal values are or will be the underlying problem. The problem is we have seperated the nominal from the real economy. this is why we have wild inflation. between 1776 and the founding of the fed, we had a net inflation of -0.2% however since the founding of the fed, the dollar has lost approximately 100% of its value. aka 1 dollar today is about 2-3 cents circa 1900. while separating the nominal and the real we placed the nominal at the top of the hiearchy, thus dooming the real when a nominal crash occurs because we cannot schedule our production tables around bartering, we need the money. the money hyperinflation, the collapse of the stock market, is merely a precursor to hunger, and war

What if theres a sudden tank

Buy Cinemark stocks. AMC might not make it through this, but you can bet your ass stock prices will go up once the theaters open back up again and there are nonstop big movie releases constantly due to the delays.

The oil we drill doesn't get used here. We use M.E. oil, ours is refined mostly to chink stabdards

The damage is done. Quarantine could end tomorrow and it woundnt have an effect. Half of Americans live paycheck to paycheck and we have already had enough disruption to seriously fuck with the money flow. Lots of companies operate on razor thin margins. Couple all of this with a few days of low sales, closures, loss of employees, loss of suppliers a weak dollar etc. you just nudge the bolder over the crest of the hill.

Yes, most of our oil is exported. I’m just making the point that until the price is I think ~$70 a barrel, we can’t afford to pump it ourselves. Which means Russia and the Middle East are free to hamstring the dollar and our economy by keeping oil cheap. Usually it wouldn’t matter, but because everything is going to shit right now it will add to the inflation that’s going to come.

FUCK YOU GUYS !
STOP SPREADING MISINFORMATION !
KEEP BUYING, PLEASE !
WE CAN'T LET THE ECONOMY CRASH
AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA

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Right now? Anything remotely covid-related or in the medical/biotech/pharma/telehealth/sanitization/food delivery sectors.

Once the Dow bottoms out at 10k, then I'll plow my entire life savings into beaten down blue chips, oil and resource stocks.

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>prof dr raoult is chuck norris of infectious disease medicine, global star in his field, not some old crank
>multiple first hand accounts of hydroxychloroquine + azithromycin working like fucking magic, as in interviews/videos with the patients
>heart safety issue is BS, in fact the combination is maybe safer than chloroquine alone, according to large human trial + animal studies, RIP guinea pigs
>trump knows this, troops with corona are probably being used for tests (fuck i'd hope so)
>15 days is long enough to know for certain if corona happening is over
how much recover if CDC approve treatment, trump approval rating is historic high, biden is fucked?

Support is pretty low ~ 7500 - 8000.

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JNJ, GSK, BP, Amazon, Ebay, Disney. We will hit 6 to 8 thousand on the DOW in 3 months.

I'll think about investing, if it hits 8000, and also, if I have anything left to invest.

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>Whats your prediction of the bottom?
It's where I shoot my poz juice.