Posted on 03/11/2020 6:03:34 AM PDT by Enlightened1
Looks like another blood bath today. The Coronavirus hysteria in the media is drving the market down.
https://www.cnbc.com/pre-markets/
(Excerpt) Read more at cnbc.com ...
It has little to do with Covid-19, it is more related to the collapse in the price of oil. The big boys knew what was going to happen in the oil markets BEFORE the Saudis announced it publicly and prices dropped. They moved their money to Treasuries & gold (which was noticeable in the news) prior to the market drop.
There is little hope chuck and Nancy will do any heavy lifting with Trump to alleviate any market distress
Big traders are making money on this volatility but they can’t keep it going forever.
As for day traders , best to not try to time the market - you’ll never keep up with the computers used by the big guys.
“Retail investors” haven’t much to fear so long as they don’t panic and sell.
I wonder how much of this is a reaction to the announcement of three TSA agents at San Jose Airport testing positive for COVID-19. Again, California.
Is the stock market going to go up or down?
Yes.
People are taking profits as well. The 10-yr Treasury buys don’t account for all the trillions trailing out, which means some are moving to cash temporarily. OTOHO, if spot gold gets to 1.9K in the next week, woot.
I’ve picked up a ton of bargains over the past week or so and did well on quite a few long term calls purchased on down days and sold on up days....and that’s just taking some minor time in the morning and at lunch.
The virus was merely the catalyst. Many Businesses have been borrowing heavily, while they struggle to build client base. Now suddenly, a virus appears and will cause the public to avoid shopping and supporting numerous businesses; and the cash that businesses have been counting on to borrow, has dried up. In addition, the market was 'priced' at ideal conditions.
We're heading for a recession, not the end of the world, but certainly a different one.
The Coronavirus in China is impacting the Supply Chain.
Then add the media hysteria of the Coronavirus. It is no secret the Democrats with the D.C. Establishment want to hurt the economy.
As for Oil the prices going down is good for business operations costs and travelers. Cheaper oil means lower gas prices.
The Coronavirus in China is impacting the Supply Chain.
Then add the media hysteria of the Coronavirus. It is no secret the Democrats with the D.C. Establishment want to hurt the economy.
As for Oil the prices going down is good for business operations costs and travelers. Cheaper oil means lower gas prices.
The real question will be - would the suspension of flights from feign destinations have prevented these infections?
Well, that's a question that will be mulled over this election year.
I think it goes down -500 and then recovers.
People like to SAY “buy low”. But here we are now. How many are buying?
It’s emotionally difficult to go against the herd, but it is profitable.
Agree 100%
Buy the dip!
You’re a genius and we all want to be like you :-) I noticed that volatility was priced in tremendously. Can’t imagine a $10 move in Microsoft making all that much at all with calls. Or anything else to be honest
Low oil is a positive for everyone but oil related companies
Bad for your engine too....always check dipstick
I’ve stayed away from tech (with the exception of 1 AAPL call on the big Friday drop 2 weeks back) and focused on energy/ transportation stuff. I had a lot of cash on the side that was strictly just rainy day/comfort money so I put it to use.
I’ve had a few bad trades as well, but buy going longer term on the calls I can wait most of those out until things come back.
Other then these last few weeks my main strategy outside no load mutual funds is to buy high dividend stocks and then sell covered calls. My only real risk there is missing some upside.
Its the day traders. It will continue to be a roller coaster indefinitely.
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