DriftBusta Posted April 9, 2020 Author Share Posted April 9, 2020 35 minutes ago, f7ben said: Fuck , sorry again. Lost myself there I like you Ben. But you drive me nuts. Quote Link to comment Share on other sites More sharing options...
SSFB Posted April 9, 2020 Share Posted April 9, 2020 6 minutes ago, DriftBusta said: I like you Ben. But you drive me nuts. I can arrange his banning with some sweet stock trades! 1 Quote Link to comment Share on other sites More sharing options...
ford_428cj Posted April 9, 2020 Share Posted April 9, 2020 Dow hit bottom already Quote Link to comment Share on other sites More sharing options...
SSFB Posted April 9, 2020 Share Posted April 9, 2020 1 minute ago, ford_428cj said: Dow hit bottom already I think that’s yet to be seen. My gut says it hasn’t hit bottom. I have nothing to base that on. Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted April 9, 2020 Author Share Posted April 9, 2020 7 minutes ago, SSFB said: I think that’s yet to be seen. My gut says it hasn’t hit bottom. I have nothing to base that on. We all wish we had that crystal ball. No one does, so you follow "best practice". Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted April 9, 2020 Author Share Posted April 9, 2020 (edited) Some screens this morning. NCL was up 20% at one point this morning. Market movers screen is fun to watch, especially the leveraged ETFs, and a couple sector screens. Edited April 9, 2020 by DriftBusta 1 Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted April 9, 2020 Share Posted April 9, 2020 13 hours ago, F3600 said: I made some purchases into the downturn which did go lower and I added more but ultimately am down at this point in time. These are positions for me which are 7-10 year views. SNAP - I own this only because I was looking for an alternative to Twitter and my kids as well as every other kid uses this platform. I don’t think they have a great monitization plan just yet but it is an affordable play in the sector. T - I think ATT is a blue chip with good dividend and strong mobile and media outlook. SAIL - in the IT space, identity management, PAM, and soon IA identity learning is huge. They are the market leader and Gartner leader. They are the ServiceNow before that blew up. IBM - dividend and they are one of the best at AI for both data science and security. My two REITs...ORC and MFA are on hard times. But I still like the space. would like to hear others opportunity thinking. my buddy loves Snap. Also loves Altria (MO) 1 Quote Link to comment Share on other sites More sharing options...
Guest Posted April 9, 2020 Share Posted April 9, 2020 I just posted in another thread, that I just watched Jerome Powell. He has really inflated my confidence in the market. It's just a matter of time, 'til it's back. Powell is large, and in charge. Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted April 9, 2020 Author Share Posted April 9, 2020 Check out some of the pot stock price swings on those bottom 4 stocks. Tilray 2.43-57.79 in the past year. Crazy. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted April 9, 2020 Platinum Contributing Member Share Posted April 9, 2020 Listen to Ben and do the exact opposite? Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted April 9, 2020 Share Posted April 9, 2020 Only stock i have with pot exposure is Altria which owns 45% of Chronos. Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted April 9, 2020 Author Share Posted April 9, 2020 24 minutes ago, Polaris 550 said: I just posted in another thread, that I just watched Jerome Powell. He has really inflated my confidence in the market. It's just a matter of time, 'til it's back. Powell is large, and in charge. Good article in “market watch” by Ben Bernanke. Debunking any comparisons to today and the great depression. He’s also supportive of Trump and the feds measures to keep the economy afloat. Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted April 9, 2020 Author Share Posted April 9, 2020 18 minutes ago, Highmark said: Listen to Ben and do the exact opposite? Kind of why I started this thread. All those symbols with 2x or 3x at the end are leveraged etfs. People both make and lose lots of money trading them. Quote Link to comment Share on other sites More sharing options...
Guest Posted April 9, 2020 Share Posted April 9, 2020 1 minute ago, DriftBusta said: Good article in “market watch” by Ben Bernanke. Debunking any comparisons to today and the great depression. He’s also supportive of Trump and the feds measures to keep the economy afloat. I never felt this was an ACTUAL DEPRESSION/RECESSION situation. We were just slammed with a deadly, demonic, global pandemic, that scared a lot of investors, and rightly so. I do believe the markets will come back quickly, at some point. Agreed, Trump and Powell will do whatever it takes to keep the market/economy going. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted April 9, 2020 Platinum Contributing Member Share Posted April 9, 2020 16 minutes ago, Polaris 550 said: I never felt this was an ACTUAL DEPRESSION/RECESSION situation. We were just slammed with a deadly, demonic, global pandemic, that scared a lot of investors, and rightly so. I do believe the markets will come back quickly, at some point. Agreed, Trump and Powell will do whatever it takes to keep the market/economy going. While we had some things in the economy/markets that will make this worse the overwhelming cause is the pandemic. The key is the snowballing effect. How long business' will be out of operation and how many are continued to be hurt as people inevitably will change their lifestyle for a while. Lots of unknowns. Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted April 9, 2020 Author Share Posted April 9, 2020 6 minutes ago, Highmark said: While we had some things in the economy/markets that will make this worse the overwhelming cause is the pandemic. The key is the snowballing effect. How long business' will be out of operation and how many are continued to be hurt as people inevitably will change their lifestyle for a while. Lots of unknowns. I’m actually surprised that the market has recovered to the extent that it has. I agree with Joel in the sense that I don’t think we’re out of the woods yet, but not sure I see it going below 18k either. Every thing I read predicts lots more volatility. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted April 9, 2020 Share Posted April 9, 2020 19 hours ago, f7ben said: Be better off at the casino , not a single thing in this market runs off anything related to common sense , value or fundamentals. It’s a sick fucking joke The market is a casino. It’s just managed on a higher looking level by pimps in suits and ties. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted April 9, 2020 Share Posted April 9, 2020 The fed has lowered itself to buying junk bonds. Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted April 9, 2020 Author Share Posted April 9, 2020 2 hours ago, Mainecat said: The market is a casino. It’s just managed on a higher looking level by pimps in suits and ties. Your knowledge of the markets appears to be right up there with your political acumen. Congrats. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted April 9, 2020 Share Posted April 9, 2020 12 minutes ago, DriftBusta said: Your knowledge of the markets appears to be right up there with your political acumen. Congrats. He's been sitting in a dirty diaper for several days already. 1 Quote Link to comment Share on other sites More sharing options...
Mileage Psycho Posted April 9, 2020 Share Posted April 9, 2020 On 4/8/2020 at 6:17 PM, DriftBusta said: Some basic sector analysis as it relates to the virus, with some buy rated stocks. Worth a read if you're an investor, nothing earth shattering here, just solid advice. The sky is not falling. in-market-madness-let-quality-stocks-be-your-guide[1252].pdf Thanks Mark Quote Link to comment Share on other sites More sharing options...
Guest Posted April 10, 2020 Share Posted April 10, 2020 7 hours ago, Highmark said: While we had some things in the economy/markets that will make this worse the overwhelming cause is the pandemic. The key is the snowballing effect. How long business' will be out of operation and how many are continued to be hurt as people inevitably will change their lifestyle for a while. Lots of unknowns. I've lost a ton recently, but I don't care. I'm more worried about the virus. Quote Link to comment Share on other sites More sharing options...
f7ben Posted April 10, 2020 Share Posted April 10, 2020 5 minutes ago, Polaris 550 said: I've lost a ton recently, but I don't care. I'm more worried about the virus. You are going to lose a ton more. Quote Link to comment Share on other sites More sharing options...
Guest Posted April 10, 2020 Share Posted April 10, 2020 5 minutes ago, f7ben said: You are going to lose a ton more. It's already come back a fair amount. As long as my family is OK, I don't give a fuck. I pulled some out of fidelity a couple of weeks ago, so I have enough to pay bills, etc. for about 3 years. Quote Link to comment Share on other sites More sharing options...
The One Posted April 10, 2020 Share Posted April 10, 2020 8 minutes ago, Polaris 550 said: It's already come back a fair amount. As long as my family is OK, I don't give a fuck. I pulled some out of fidelity a couple of weeks ago, so I have enough to pay bills, etc. for about 3 years. Sure you do Quote Link to comment Share on other sites More sharing options...
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