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Stock Market Watch |OT| I've stocked up on market watches, what now?

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MrBob

MrBob

Member
Oct 25, 2017
6,670
So now we are getting a vote tonight?

www.cnbc.com

Senate set to vote on coronavirus stimulus bill Wednesday night

The Senate announced they had arrived at a deal early Wednesday morning after days of bitter partisan divide. There had been hope it could fast track the deal to the desk of President Donald Trump quickly.
www.cnbc.com www.cnbc.com

They better actually vote this time to push the package through. Senate is a clown college.
 
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feline fury

feline fury

Member
Dec 8, 2017
1,542
WickedCobra03 said:
If tomorrow is a Friday rally day, I don't even know what to say. I can see 10% losses on the idecies tomorrow. These figures are going to be like not seen in recent history. The reverberations I don't think have been costed in at this point yet even, especially since more and more of the medical community are absolutely against the USA going back to work as normal come 04/12.
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I guarantee tomorrow won't be a Friday rally day. 😉
 
cameron

cameron

The Fallen
Oct 26, 2017
23,821
twitter.com

James Pethokoukis on Twitter

“JPMORGAN: "US: Prediction? Pain"”
twitter.com twitter.com

fyId39u.png
 

Deleted member 17402

User requested account closure
Banned
Oct 27, 2017
7,125
Ecotic said:
Job numbers down 3.283 million.
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Crazy. I wonder what the final job loss will be before this virus moves on.

Also people saying the economy will just pick back up once it moves on with people easily going back to work are delusional. It is so much harder to get back into the work force, especially since now many jobs are being eliminated entirely. My girlfriend's job closed several restaurants permanently, so even if they reopen as a business, it will still have fewer restaurants to operate. Those jobs aren't coming back. There will be millions of people looking for work with fewer jobs available than ever before.
 
RoKKeR

RoKKeR

Member
Oct 25, 2017
15,383
TheFallenSaboteur said:
Crazy. I wonder what the final job loss will be before this virus moves on.

Also people saying the economy will just pick back up once it moves on with people easily going back to work are delusional. It is so much harder to get back into the work force, especially since now many jobs are being eliminated entirely. My girlfriend's job closed several restaurants permanently, so even if they reopen as a business, it will still have fewer restaurants to operate. Those jobs are coming back. There will be millions of people looking for work with fewer jobs available than ever before.
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Yep, I've always thought the Q3 bounce back was a total pie in the sky wish.
 
snipe_25

snipe_25

Member
Oct 27, 2017
2,168
Futures actually don't look that bad given the scary unemployment numbers. Maybe because the stimulus passed the Senate?
 
greepoman

greepoman

Member
Oct 26, 2017
1,961
molnizzle said:
I'm betting no. 3.2 million is within many analysts estimates. That was priced in. Today will depend on what other news comes out, and with the House likely to pass the stimulus package we might even end green again.
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I can buy that I just don't see how long they can ignore the worsening picture not only in the US but the world.
 

BlinkBlank

Member
Oct 27, 2017
1,226
snipe_25 said:
Futures actually don't look that bad given the scary unemployment numbers. Maybe because the stimulus passed the Senate?
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That stimulus isn't going to be the silver bullet. I think the fallout over the next months is going to be a more gradual decline until we start seeing a general incline. How doesn't a more than 10x increase in jobless claims doesn't worry people?

It's just tragic how this has affected people, both physically getting sick or being out of a job. I mean it's not like Apr 12th comes around and everyone goes back to work like nothing happened. I hope I am wrong, but it seems like there is a longer tail to this.
 
Xando

Xando

Member
Oct 28, 2017
27,314
This will be one of those days when markets start to tank as soon as trump starts speaking
 
T0M

T0M

Alt-Account
Banned
Aug 13, 2019
900
DAMN YOU SPY! UNEMPLOYMENT IS AT 3 MILLION! BOOMERS ARE DYING AT RECORD SPEEDS! MY PUTS ARE WITHERING BEFORE MY EYES!

WHY. WON'T. YOU. GO. DOWN????

z4XQAKS.gif
 
CrankyJay

CrankyJay

Banned
Oct 25, 2017
11,318
well, of course I sell slack yesterday and now the ceo comes out and says they're doing gangbusters with new signups, lol
 
CrocM

CrocM

Member
Oct 25, 2017
9,620
molnizzle said:
I'm betting no. 3.2 million is within many analysts estimates. That was priced in. Today will depend on what other news comes out, and with the House likely to pass the stimulus package we might even end green again.
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I find it hard to believe anything is being accurately priced in these days with all these crazy swings.
 
molnizzle

molnizzle

Banned
Oct 25, 2017
17,695
T0M said:
DAMN YOU SPY! UNEMPLOYMENT IS AT 3 MILLION! BOOMERS ARE DYING AT RECORD SPEEDS! MY PUTS ARE WITHERING BEFORE MY EYES!

WHY. WON'T. YOU. GO. DOWN????

z4XQAKS.gif
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Not even the Great Depression was a linear path downward. There are always blips like this during a recession. Based on historical data, some have speculated that we will go as high as $260 or even $270 before the next big drop.
 
Lump

Lump

One Winged Slayer
Member
Oct 25, 2017
16,025
hrœrekr said:
How's the prediction for today? Pump or dump?
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The theme of this whole week is mass denial about the human, employment, and financial toll that's about to happen. This is the "we can be open again by Easter" week, and the ones that believe that are going to look back to this week and wonder what the hell they were thinking.
 
greepoman

greepoman

Member
Oct 26, 2017
1,961
Lump said:
The theme of this whole week is mass denial about the human, employment, and financial toll that's about to happen. This is the "we can be open again by Easter" week, and the ones that believe that are going to look back to this week and wonder what the hell they were thinking.
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I think at some point investors get numb to "regular" bad news and it'll take something really big to shock the market back to reality.
 
snipe_25

snipe_25

Member
Oct 27, 2017
2,168
Lump said:
The theme of this whole week is mass denial about the human, employment, and financial toll that's about to happen. This is the "we can be open again by Easter" week, and the ones that believe that are going to look back to this week and wonder what the hell they were thinking.
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This week is not good for theta decay.
 
Sheepinator

Sheepinator

Member
Jul 25, 2018
28,007
Ramsay said:
Very strange indeed.

In addition, given that the unemployment numbers for CA and PA alone was around 1.5 million, I wouldn't be surprised if the official figures were underreported.
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Remember that CA's were for 12 days. Still, you're right, 3.3M seems low if you extrapolate those two States population to the rest of the country. OTOH, some States shut down later than others, so there's that to consider.
 
Galkinator

Galkinator

Chicken Chaser
Member
Oct 27, 2017
8,959
I'm curious - those unemployment numbers, are they referring to people who were actively fired from their workplaces (for example because of having no sick/vacation days to make use of) or are they referring to people unable to work because of the pandemic? (i.e people who can't work from home and their workplaces have shut down)
Or are they both?
 
Lump

Lump

One Winged Slayer
Member
Oct 25, 2017
16,025
greepoman said:
I think at some point investors get numb to "regular" bad news and it'll take something really big to shock the market back to reality.
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A 9/11's worths of deaths happening from this virus every day will be sufficiently big enough to shock the market and everyone else into new states of thinking. We're well in the "Before" stage right now, and there are too many people that think we're in the middle of this thing or right at the peak. It doesn't help that the Surgeon fucking General is going on Fox News is telling people that New York cases are tapering off when they're not expected to apex for a couple more weeks at least.
 
Shlice

Shlice

Member
Nov 6, 2017
811
Yeah this is strange. Wanted to jump on a few things today but i'll wait. No way the market can continue to be this ignorant and pump up these numbers. Reality has to hit at some point and we will see another sell-off. Then i'll buy.
 
Lyrick

Lyrick

Banned
Oct 25, 2017
2,818
I'm frantically looking for a scrap of good news to justify a bounce like this...

Does anyone have one?
 
BIG-JG

BIG-JG

Member
Oct 27, 2017
771
The manipulators are pumping and dumping, there is no way this will last long. I just follow from the outside and can see how phony this is. I hope people are keeping the receipts of the criminal activity that has to be taking place to make this happen.
 
Evodelu

Evodelu

Alt Account
Banned
Dec 19, 2019
558
BIG-JG said:
The manipulators are pumping and dumping, there is no way this will last long. I just follow from the outside and can see how phony this is. I hope people are keeping the receipts of the criminal activity that has to be taking place to make this happen.
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Arc said:
This shit is manipulated as fuck.
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We been knew.

The stock market is not a true reflection of the true economy. It's a game, and with the Fed doing unlimited QE (including ETF purchases), the game will only get more skewed.
 
jstevenson

jstevenson

Developer at Insomniac Games
Verified
Oct 25, 2017
2,042
Burbank CA
Market had already priced in huge unemployment numbers. Not sure what's so hard about this. If y'all were expecting giant numbers, so were they
 
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