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1
Bd6r
2020 Mar 16, 11:05am
Bd6r
2020 Mar 16, 11:05am
APOCALYPSEFUCKisShostikovitch says
Alternatively, a trillion rolls of toilet paper will do the same if you hoard them in your house!
ONLY TOTAL APOCALYPSE CAN CLEANSE AMERICA!
Alternatively, a trillion rolls of toilet paper will do the same if you hoard them in your house!
2
Ceffer
2020 Mar 16, 11:13am
Ceffer
2020 Mar 16, 11:13am
rd6B says
This. Buying opportunity on the coat tails of the Panic Mongers.
People should ask themselves whether this coronavirus “pandemic” could be a big hoax, with the actual danger of the disease massively exaggerated by those who seek to profit – financially or politically – from the ensuing panic.
This. Buying opportunity on the coat tails of the Panic Mongers.
4
Ceffer
2020 Mar 16, 11:24am
Ceffer
2020 Mar 16, 11:24am
All kinds of assets can be rapidly devalued or driven into bankruptcy by stanching the cash flow of business as usual. Survivors will need large reserves or cash backups to weather the panic, which a lot of businesses don't have. Ready cash is king.
Somebody will be aiming to scour up a bunch of business/assets/stock etc. right about now. Nothing but the imminent threat of war, with panic buying of essential resources, can compare.
Stoke the Panic Engines Of Doom! We will own the World shortly! Fuck You, Little People, you moron tribbles.
In an episode of the spy show 'Riley, Ace of Spies', Riley is in Manchuria and from his spying activities has advanced knowledge of the Japanese invasion. He speculatively invests in strategic assets on the Chinese stock exchanges. His nemesis in Manchuria informs him that 'speculators will be crucified' and imprisons him. Riley escapes when his jail cell is blown open during the invasion, possibly by an explosive he managed to keep on his person in the form of a cigar.
Nobody around to crucify these modern day pandemic speculators.
My hunch is there is a limited half life to the pandemic fraud, and that people will soon notice that nobody is dropping dead around them who even catch the virus. They will eventually realize that the sounds of distant pandemic thunder aren't quite real, and out of boredom and lack of making a living will just start going about their business again, unless true martial law forces them back into their rabbit hutches at gun point. The question is when the beguiled public beast wakes up.
Somebody will be aiming to scour up a bunch of business/assets/stock etc. right about now. Nothing but the imminent threat of war, with panic buying of essential resources, can compare.
Stoke the Panic Engines Of Doom! We will own the World shortly! Fuck You, Little People, you moron tribbles.
In an episode of the spy show 'Riley, Ace of Spies', Riley is in Manchuria and from his spying activities has advanced knowledge of the Japanese invasion. He speculatively invests in strategic assets on the Chinese stock exchanges. His nemesis in Manchuria informs him that 'speculators will be crucified' and imprisons him. Riley escapes when his jail cell is blown open during the invasion, possibly by an explosive he managed to keep on his person in the form of a cigar.
Nobody around to crucify these modern day pandemic speculators.
My hunch is there is a limited half life to the pandemic fraud, and that people will soon notice that nobody is dropping dead around them who even catch the virus. They will eventually realize that the sounds of distant pandemic thunder aren't quite real, and out of boredom and lack of making a living will just start going about their business again, unless true martial law forces them back into their rabbit hutches at gun point. The question is when the beguiled public beast wakes up.
5
MisdemeanorRebel
2020 Mar 16, 11:57am
MisdemeanorRebel
2020 Mar 16, 11:57am
I'm forgoing stocking up on TP and Evaporated Milk in order to buy Bigly!
6
WookieMan
2020 Mar 16, 12:00pm
WookieMan
2020 Mar 16, 12:00pm
I'm a buy the dip guy, but I think this hype may be getting out of control at this point. I still think there's room for this to dip further. No one saw 6-7k DOW coming in 2008 or whatever year it was. Wouldn't be shocked to see low teens at this point for the DOW. 13-14k is not an impossibility.
My concern is I have a hard time believing this recovers quickly. Just think about the cruise industry shutting down. Busy ports handle 2 ships a day on average with a small town of people boarding. In American ports that food and booze is all revenue for American businesses. The crew comes ashore and spends money. Factor in the debt load to build these huge fuckers and the staff you can't necessarily let go otherwise you have to retain new employees.
Airlines are already asking for cash. Hotels. Rental cars. All this during one of the 3 busiest times of the year for travel. The dominos are falling and I don't believe we've see the worst of this yet. Virus or economically.
My concern is I have a hard time believing this recovers quickly. Just think about the cruise industry shutting down. Busy ports handle 2 ships a day on average with a small town of people boarding. In American ports that food and booze is all revenue for American businesses. The crew comes ashore and spends money. Factor in the debt load to build these huge fuckers and the staff you can't necessarily let go otherwise you have to retain new employees.
Airlines are already asking for cash. Hotels. Rental cars. All this during one of the 3 busiest times of the year for travel. The dominos are falling and I don't believe we've see the worst of this yet. Virus or economically.
7
joshuatrio
2020 Mar 16, 12:05pm
joshuatrio
2020 Mar 16, 12:05pm
WookieMan says
Couldn't have said it better. It's going to take YEARS to recover from this one....
My concern is I have a hard time believing this recovers quickly. Just think about the cruise industry shutting down. Busy ports handle 2 ships a day on average with a small town of people boarding. In American ports that food and booze is all revenue for American businesses. The crew comes ashore and spends money. Factor in the debt load to build these huge fuckers and the staff you can't necessarily let go otherwise you have to retain new employees.
Airlines are already asking for cash. Hotels. Rental cars. All this during one of the 3 busiest times of the year for travel. The dominos are falling and I don't believe we've see the worst of this yet. Virus or economically.
Couldn't have said it better. It's going to take YEARS to recover from this one....
8
mell
2020 Mar 16, 12:43pm
I'm keeping my additional 401k buys on at around 2k per month - should make for some nice dip buys here. Some money is in a true long short hedge fund which should be doing ok, the rest is in biotech which I also expect to outperform most other sectors, esp. sine Bernie is now being canceled again by Sleepy Joe this time. The overall GDP fallout will not be that big but the psychology of it is currently set to panic.
9
Patrick
2020 Mar 16, 12:54pm
Patrick
2020 Mar 16, 12:54pm
True that the whole thing seems suspiciously overblown, especially when you compare it to H1N1 "swine flu", which was deadlier.
But on the other hand, it really could cause some pretty intense financial damage as lots of loans get defaulted on.
Everyone's "money in the bank" is someone else's debt to the bank. If those debts don't get repaid, the money is gone. Though the Fed has a printing press for exactly this reason.
But on the other hand, it really could cause some pretty intense financial damage as lots of loans get defaulted on.
Everyone's "money in the bank" is someone else's debt to the bank. If those debts don't get repaid, the money is gone. Though the Fed has a printing press for exactly this reason.
10
mell
2020 Mar 16, 1:12pm
Patrick says
The CA income tax deadline is already delayed to June. This is nice.
True that the whole thing seems suspiciously overblown, especially when you compare it to H1N1 "swine flu", which was deadlier.
But on the other hand, it really could cause some pretty intense financial damage as lots of loans get defaulted on.
Everyone's "money in the bank" is someone else's debt to the bank. If those debts don't get repaid, the money is gone. Though the Fed has a printing press for exactly this reason.
The CA income tax deadline is already delayed to June. This is nice.
11
WookieMan
2020 Mar 16, 1:41pm
WookieMan
2020 Mar 16, 1:41pm
Patrick says
Loans, rents, suppliers, etc. Out of 4 sit down restaurants in my town, only one is going to try the delivery or curbside pick up. And they're not going to buy food for the next week and have to eat this weeks products cost wise in a thin margin business for the other 3 shutting down. I'm almost certain all 3 will ultimately shut down without 2-4 weeks of revenue as most businesses in this country would as well.
Remember, tons of businesses run on net 30 billing cycles. It's one thing to have a few customers be late or something, but if ALL you customers aren't buying anything AND don't have cash to pay you.... well dominos.
I think some here believe I'm being hyperbolic, but this isn't to be taken lightly. In IL if you work for a restaurant, stadium, concert hall, etc. you have no or less income. Unemployment isn't going to pay out fast enough assuming you applied the day you found out. It's been posted here, half of people live pay check to pay check. And yes, the jobs I listed generally aren't full time jobs. And yes, if everything is closed you'll spend less.
People can keep saying we're just playing it safe. It's wrong. The consequences are going to be far reaching, but hey... nursing homes are more important.
But on the other hand, it really could cause some pretty intense financial damage as lots of loans get defaulted on.
Loans, rents, suppliers, etc. Out of 4 sit down restaurants in my town, only one is going to try the delivery or curbside pick up. And they're not going to buy food for the next week and have to eat this weeks products cost wise in a thin margin business for the other 3 shutting down. I'm almost certain all 3 will ultimately shut down without 2-4 weeks of revenue as most businesses in this country would as well.
Remember, tons of businesses run on net 30 billing cycles. It's one thing to have a few customers be late or something, but if ALL you customers aren't buying anything AND don't have cash to pay you.... well dominos.
I think some here believe I'm being hyperbolic, but this isn't to be taken lightly. In IL if you work for a restaurant, stadium, concert hall, etc. you have no or less income. Unemployment isn't going to pay out fast enough assuming you applied the day you found out. It's been posted here, half of people live pay check to pay check. And yes, the jobs I listed generally aren't full time jobs. And yes, if everything is closed you'll spend less.
People can keep saying we're just playing it safe. It's wrong. The consequences are going to be far reaching, but hey... nursing homes are more important.
12
mell
2020 Mar 16, 1:44pm
WookieMan says
I do agree the recent orders are very far reaching. You can hope for a swift decline but likely this won't be lifted til sometime in April, possibly May.
People can keep saying we're just playing it safe. It's wrong. The consequences are going to be far reaching, but hey... nursing homes are more important.
I do agree the recent orders are very far reaching. You can hope for a swift decline but likely this won't be lifted til sometime in April, possibly May.
13
WookieMan
2020 Mar 16, 2:04pm
WookieMan
2020 Mar 16, 2:04pm
mell says
It's going to get substantially worse. The only thing you can do in most of Europe now is walk your dog so it doesn't piss and shit in your house. That and grocery/pharmacy runs. That's it. My SIL is in Austria as we speak. We spoke with her this morning (our time). She's can't get to the airport because of this. Was supposed to leave today and had a flight booked.
- EDIT - she was supposed to leave tomorrow.
WookieMan saysPeople can keep saying we're just playing it safe. It's wrong. The consequences are going to be far reaching, but hey... nursing homes are more important.
I do agree the recent orders are very far reaching. You can hope for a swift decline but likely this won't be lifted til sometime in April, possibly May.
It's going to get substantially worse. The only thing you can do in most of Europe now is walk your dog so it doesn't piss and shit in your house. That and grocery/pharmacy runs. That's it. My SIL is in Austria as we speak. We spoke with her this morning (our time). She's can't get to the airport because of this. Was supposed to leave today and had a flight booked.
- EDIT - she was supposed to leave tomorrow.
14
CBOEtrader
2020 Mar 16, 2:15pm
CBOEtrader
2020 Mar 16, 2:15pm
Use 95% of your cash to buy the dip. Use the other 5% to buy cases of bullets.
Vix hit its all time index intraday high today of 83.16. You cant trade the vix index value so we shall see how the wednesday morning spx strip trades into weekly vix settlement. (The spx strip being the settlement valuation method of the vix index, does actually trade once per week off the Wednesday morning open and is therefore a legit representation of actual vix value.)
A year from now we have 2 potential scenarios. 1) the zombie apocalypse takes over, and your bullets are the best hedge you could buy while mad max world is shaping up. Buying an 83 vix is pointless. 2) the world takes its lumps, gets over CV, and the market goes on a bullish run perhaps like we've never seen.
In neither scenario does buying vix 83 make sense.
Buy the dips, hedge with ammo.
Vix hit its all time index intraday high today of 83.16. You cant trade the vix index value so we shall see how the wednesday morning spx strip trades into weekly vix settlement. (The spx strip being the settlement valuation method of the vix index, does actually trade once per week off the Wednesday morning open and is therefore a legit representation of actual vix value.)
A year from now we have 2 potential scenarios. 1) the zombie apocalypse takes over, and your bullets are the best hedge you could buy while mad max world is shaping up. Buying an 83 vix is pointless. 2) the world takes its lumps, gets over CV, and the market goes on a bullish run perhaps like we've never seen.
In neither scenario does buying vix 83 make sense.
Buy the dips, hedge with ammo.
15
marcus
2020 Mar 16, 2:26pm
marcus
2020 Mar 16, 2:26pm
:
I moved some of retirement account money from money market to stock market fund on the close for the first time in a few years. Couldn't handle looking at this degree of panic without buying. Although I'm probably premature
I moved some of retirement account money from money market to stock market fund on the close for the first time in a few years. Couldn't handle looking at this degree of panic without buying. Although I'm probably premature
16
CBOEtrader
2020 Mar 16, 2:28pm
CBOEtrader
2020 Mar 16, 2:28pm
marcus says
Who cares if its premature. In a year almost zero chance of this not being profitable.
Remember to buy some bullets too
:
I moved some of retirement account money from money market to stock market fund on the close for the first time in a few years. Couldn't handle looking at this degree of panic without buying. Although I'm probably premature
Who cares if its premature. In a year almost zero chance of this not being profitable.
Remember to buy some bullets too
17
WookieMan
2020 Mar 16, 2:41pm
WookieMan
2020 Mar 16, 2:41pm
CBOEtrader says
I tend to agree with this sentiment. I'm worried they shut down domestic air though, which I believe will happen this week. Companies are gonna go BK if that happens. That's gonna easily push the market lower in the short term. We'll see, hope I'm wrong with the grounding of planes.
marcus says:
I moved some of retirement account money from money market to stock market fund on the close for the first time in a few years. Couldn't handle looking at this degree of panic without buying. Although I'm probably premature
Who cares if its premature. In a year almost zero chance of this not being profitable.
Remember to buy some bullets too
I tend to agree with this sentiment. I'm worried they shut down domestic air though, which I believe will happen this week. Companies are gonna go BK if that happens. That's gonna easily push the market lower in the short term. We'll see, hope I'm wrong with the grounding of planes.
18
CBOEtrader
2020 Mar 16, 3:46pm
CBOEtrader
2020 Mar 16, 3:46pm
WookieMan says
Probably right. Everything is being shut down, why not planes too
CBOEtrader saysmarcus says:
I moved some of retirement account money from money market to stock market fund on the close for the first time in a few years. Couldn't handle looking at this degree of panic without buying. Although I'm probably premature
Who cares if its premature. In a year almost zero chance of this not being profitable.
Remember to buy some bullets too
I tend to agree with this sentiment. I'm worried they shut down domestic air though, which I believe will happen this week. Companies are gonna go BK if that happens. That's gonna easily push the market lower in the short term. We'll see, hope I'm wrong with the grounding of planes.
Probably right. Everything is being shut down, why not planes too
A conspiracy theorist would say that corona scare has very good timing so that the masses would not protest another wealth transfer to rich incompetent fuckers...by another QE or whatever fancy name the elites would call it.
See also this: http://ronpaulinstitute.org/archives/featured-articles/2020/march/16/the-coronavirus-hoax/
People should ask themselves whether this coronavirus “pandemic” could be a big hoax, with the actual danger of the disease massively exaggerated by those who seek to profit – financially or politically – from the ensuing panic.