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22
RWSGFY
2020 Mar 12, 12:50pm
RWSGFY
2020 Mar 12, 12:50pm
joshuatrio says
Because this is what they eat regardless, duh.
Why the hell do people stock up on SHIT?
Because this is what they eat regardless, duh.
25
zzyzzx
2020 Mar 12, 1:30pm
zzyzzx
2020 Mar 12, 1:30pm
joshuatrio says
Even more shocking when one considers that you probably live in what most people would consider to be a good neighborhood...
But there may be some logic in that the fruit loops won't go rotten for years where as the fresh fruit and vegetables will root pretty quickly.
What was funny though, people were stocking up on shit like fruit loops and sugary processed shit. There were TONS of frozen veggies, whole grains and even meat available. All of of the healthy options were in plenty.
Even more shocking when one considers that you probably live in what most people would consider to be a good neighborhood...
But there may be some logic in that the fruit loops won't go rotten for years where as the fresh fruit and vegetables will root pretty quickly.
27
Bd6r
2020 Mar 12, 2:02pm
Bd6r
2020 Mar 12, 2:02pm
Heraclitusstudent says
fake news, it is down more now
$100M question is: will the fed be able to inflate yet another bubble before the next elections?
Dow takes another 10% on the chin.
fake news, it is down more now
$100M question is: will the fed be able to inflate yet another bubble before the next elections?
28
RWSGFY
2020 Mar 12, 2:03pm
RWSGFY
2020 Mar 12, 2:03pm
rd6B says
No, it takes longer.
Heraclitusstudent saysDow takes another 10% on the chin.
fake news, it is down more now
$100M question is: will the fed be able to inflate yet another bubble before the next elections?
No, it takes longer.
29
mell
2020 Mar 12, 2:10pm
U shaped recovery coming when cases start trending down in US and Europe.
31
mell
2020 Mar 12, 2:20pm
I'm sure we'll see a bounce tomorrow, the question is whether it's dead cat or that cat from the memes.
32
Tenpoundbass
2020 Mar 12, 2:21pm
Tenpoundbass
2020 Mar 12, 2:21pm
The best thing of all is Trump got a Market correction, now with plenty of room to grow. And he's golden, there's nothing that can be said, the market tanked due to Trump policies.
By May this thing will be gone, there's going to be a hyper rally through election season. On Election night, Trump will be bragging about the most historic gains in a few months.
The Liberals keep whooping themselves up good.
By May this thing will be gone, there's going to be a hyper rally through election season. On Election night, Trump will be bragging about the most historic gains in a few months.
The Liberals keep whooping themselves up good.
33
mell
2020 Mar 12, 2:22pm
Tenpoundbass says
Def possible. The prediction was for this to peak in April at the latest.
The best thing of all is Trump got a Market correction, now with plenty of room to grow. And he's golden, there's nothing that can be said, the market tanked due to Trump policies.
By May this thing will be gone, there's going to be a hyper rally through election season. On Election night, Trump will be bragging about the most historic gains in a few months.
The Liberals keep whooping themselves up good.
Def possible. The prediction was for this to peak in April at the latest.
34
Heraclitusstudent
2020 Mar 12, 2:23pm
Heraclitusstudent
2020 Mar 12, 2:23pm
mell says
Maybe he's the dead cat...
The best thing of all is Trump got a Market correction, now with plenty of room to grow. And he's golden
Maybe he's the dead cat...
35
joshuatrio
2020 Mar 12, 3:35pm
joshuatrio
2020 Mar 12, 3:35pm
zzyzzx says
Agree with your logic, but you can always fr if ze frozen vegetables which is what we keep a decent supply of. Not really concerned about the grid going down.
But there may be some logic in that the fruit loops won't go rotten for years where as the fresh fruit and vegetables will root pretty quickly
Agree with your logic, but you can always fr if ze frozen vegetables which is what we keep a decent supply of. Not really concerned about the grid going down.
36
SunnyvaleCA
2020 Mar 12, 3:37pm
joshuatrio says
I'd say that the main danger is if they go bankrupt. Not necessarily out of business, but a restructuring where debt is expunged. In this case, stock holders are likely to have their shares massively diluted.
I was looking at buying Royal Carribean stock [RCL] this morning. Currently priced in around $39/share, where in the last year it's been between $100-130. Good buy?
I'd say that the main danger is if they go bankrupt. Not necessarily out of business, but a restructuring where debt is expunged. In this case, stock holders are likely to have their shares massively diluted.
37
Booger
2020 Mar 12, 4:49pm
Booger
2020 Mar 12, 4:49pm
CZR, and other casino stocks probably down quite a bit. They are going to sanitize all those slot machines.
38
HeadSet
2020 Mar 12, 6:25pm
HeadSet
2020 Mar 12, 6:25pm
They are going to sanitize all those slot machines.
Yes, that would be bad if Granny caught and died of Covid-19 from the same slot machine that jackpotted her $1million.
Yes, that would be bad if Granny caught and died of Covid-19 from the same slot machine that jackpotted her $1million.
39
HeadSet
2020 Mar 12, 6:28pm
HeadSet
2020 Mar 12, 6:28pm
Stocks... Good buys???
Well, that Marathon Oil stock is still above what I paid for it a few days ago, even after the days of huge DOW plunges. I suspect the oil stocks will rapidly go back up when the Saudi-Russia feud ends.
Well, that Marathon Oil stock is still above what I paid for it a few days ago, even after the days of huge DOW plunges. I suspect the oil stocks will rapidly go back up when the Saudi-Russia feud ends.
40
Booger
2020 Mar 12, 6:39pm
Booger
2020 Mar 12, 6:39pm
HeadSet says
Not for her heirs!
Yes, that would be bad if Granny caught and died of Covid-19 from the same slot machine that jackpotted her $1million.
Not for her heirs!
41
Booger
2020 Mar 12, 6:41pm
Booger
2020 Mar 12, 6:41pm
joshuatrio says
The people that are panicking are buying bottled water because they think that the water utilities are going to stop working. It's reasonable to assume that they are also expecting the electric to go out.
Not really concerned about the grid going down.
The people that are panicking are buying bottled water because they think that the water utilities are going to stop working. It's reasonable to assume that they are also expecting the electric to go out.
42
RWSGFY
2020 Mar 12, 6:44pm
RWSGFY
2020 Mar 12, 6:44pm
Booger says
But why? What is the scenario when this could happen? Utility workers not coming to work? They will be replaced by military personnel in very short time.
The people that are panicking are buying bottled water because they think that the water utilities are going to stop working. It's reasonable to assume that they are also expecting the electric to go out.
But why? What is the scenario when this could happen? Utility workers not coming to work? They will be replaced by military personnel in very short time.
43
FortwayeAsFuckJoeBiden
2020 Mar 12, 7:46pm
Just about anything. Stupid panic sell off = quick profit shortly after.
45
WookieMan
2020 Mar 13, 2:50am
WookieMan
2020 Mar 13, 2:50am
Patrick says
Spreadsheets can lose their value too apparently. lol.
Bitcoin is losing big time as well.
Spreadsheets can lose their value too apparently. lol.
47
joshuatrio
2020 Mar 13, 11:13am
joshuatrio
2020 Mar 13, 11:13am
NCL got hammered. Was down to $9 earlier today. Thinking this might be the cruise line to stock up on. Only 17 ships to maintain and aren't shitty Carnival ships.
48
Blue
2020 Mar 13, 1:53pm
https://investor.vanguard.com/mutual-funds/profile/performance/vtiax could be a good buy.
49
Booger
2020 Mar 13, 2:59pm
Booger
2020 Mar 13, 2:59pm
The_Weeping_Ayatollah says
Doesn't matter what is realistic. Stupid people are going to be stupid.
Booger saysThe people that are panicking are buying bottled water because they think that the water utilities are going to stop working. It's reasonable to assume that they are also expecting the electric to go out.
But why? What is the scenario when this could happen? Utility workers not coming to work? They will be replaced by military personnel in very short time.
Doesn't matter what is realistic. Stupid people are going to be stupid.
50
HeadSet
2020 Mar 13, 3:57pm
HeadSet
2020 Mar 13, 3:57pm
joshuatrio says
I agree.
NCL got hammered. Was down to $9 earlier today. Thinking this might be the cruise line to stock up on. Only 17 ships to maintain and aren't shitty Carnival ships.
I agree.
52
Patrick
2020 Mar 13, 5:38pm
Patrick
2020 Mar 13, 5:38pm
The stock market is getting very hard to trust as an indicator of anything.
At first, when shit got real in Wuhan, it didn't budge. Then a bit later it plummeted. Now it's gyrating.
Conclusion: Wall Street really doesn't know what is going to happen. Need to find a better source.
Gold is strangely stable. Seems to imply that people trust that dollars won't be devalued by massive printing by the Fed to keep the banks technically solvent.
At first, when shit got real in Wuhan, it didn't budge. Then a bit later it plummeted. Now it's gyrating.
Conclusion: Wall Street really doesn't know what is going to happen. Need to find a better source.
Gold is strangely stable. Seems to imply that people trust that dollars won't be devalued by massive printing by the Fed to keep the banks technically solvent.
53
zzyzzx
2020 Mar 16, 4:57pm
zzyzzx
2020 Mar 16, 4:57pm
Even better buys today after a 3000 point decline. And no wonder, Trump said that the response might last until August.
54
MisdemeanorRebel
2020 Mar 16, 5:05pm
MisdemeanorRebel
2020 Mar 16, 5:05pm
joshuatrio says
I'm not a cruiser but those who are into them say NCL is vastly superior; Carnival is like the Sizzler of Cruise Ships.
The difference between staying at a roach motel for spring break and a 4-star resort. The first is fine if you're in your 20s and drinking and partying all night.
NCL got hammered. Was down to $9 earlier today. Thinking this might be the cruise line to stock up on. Only 17 ships to maintain and aren't shitty Carnival ships.
I'm not a cruiser but those who are into them say NCL is vastly superior; Carnival is like the Sizzler of Cruise Ships.
The difference between staying at a roach motel for spring break and a 4-star resort. The first is fine if you're in your 20s and drinking and partying all night.
57
mell
2020 Mar 16, 5:20pm
It depends on how the NIkkei and Hang Seng will perform tonight. Asia is on the upswing after beating the CV infections. Futures currently up. If Asia performs well tonight (= significantly lower drop than the US indexes today, ideally not more than a couple percent) we will see a bounce back of a couple percent. If they turn red we may be even or red tomorrow. I think we should be bouncing back for a few days soon. This is oversold.
58
Bd6r
2020 Mar 16, 5:56pm
Bd6r
2020 Mar 16, 5:56pm
I don't think stocks here will start going up until the corona craze subsides. Economy will tank, as one can not produce oil, food, or nearly anything of any value "remotely".
If you can work "remotely" then probably your job is not that essential anyways...you are not producing goods.
If you can work "remotely" then probably your job is not that essential anyways...you are not producing goods.
59
Heraclitusstudent
2020 Mar 16, 5:59pm
Heraclitusstudent
2020 Mar 16, 5:59pm
Respect the technicals.
"Minerd Sees 10%-20% Chance of Virus Outbreak Causing a Global Depression"
https://www.bloomberg.com/news/videos/2020-03-16/minerd-sees-10-20-chance-of-virus-outbreak-causing-global-depression-video
"Minerd Sees 10%-20% Chance of Virus Outbreak Causing a Global Depression"
https://www.bloomberg.com/news/videos/2020-03-16/minerd-sees-10-20-chance-of-virus-outbreak-causing-global-depression-video
60
mell
2020 Mar 16, 6:47pm
The new infection rates are already trending down, the media of course will use every last bit of panic. We should rebound rather sooner than later, but prob stagnate a while below previous highs.
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Was thinking buy into the travel fear....