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  • what dreams
    what dreams Posts: 1,761
    Put people who break the law in jail. What's truly disgusting is the head of the stock exchange overseeing this meltdown also having no repercussions. I wonder how many people he shared information with? It's truly deplorable.

    I feel like we are at a Louis XIV/Marie Antoinette moment. At what point are the people going to have enough? 
  • mrussel1
    mrussel1 Posts: 30,917
    what dreams said:
    Put people who break the law in jail. What's truly disgusting is the head of the stock exchange overseeing this meltdown also having no repercussions. I wonder how many people he shared information with? It's truly deplorable.

    I feel like we are at a Louis XIV/Marie Antoinette moment. At what point are the people going to have enough? 
    Put people who break the law in jail should they be tried and convicted with a penalty consistent with the statute and recommended sentencing guidelines.  Regarding the head of the exchange, did he do some unusual trading?  Or are you just assuming here?

    Why are people acting like we get to just make up the rules as we go because we're under a time of stress?  This is the time when normalcy and rules are the most critical, yet everyone that is posting seems to want to throw them out of the fucking window.  

    And I'm not so sure that the top 20% of America who lost money in the market in the past three weeks are a great corollary to the peasants and Jacobins in revolutionary France. 


  • myoung321
    myoung321 Posts: 2,855
    mrussel1 said:
    what dreams said:
    Put people who break the law in jail. What's truly disgusting is the head of the stock exchange overseeing this meltdown also having no repercussions. I wonder how many people he shared information with? It's truly deplorable.

    I feel like we are at a Louis XIV/Marie Antoinette moment. At what point are the people going to have enough? 
     
    And I'm not so sure that the top 20% of America who lost money in the market in the past three weeks are a great corollary to the peasants and Jacobins in revolutionary France. 



    "The heart and mind are the true lens of the camera." - Yusuf Karsh
     


  • what dreams
    what dreams Posts: 1,761
    mrussel1 said:
    what dreams said:
    Put people who break the law in jail. What's truly disgusting is the head of the stock exchange overseeing this meltdown also having no repercussions. I wonder how many people he shared information with? It's truly deplorable.

    I feel like we are at a Louis XIV/Marie Antoinette moment. At what point are the people going to have enough? 
    Put people who break the law in jail should they be tried and convicted with a penalty consistent with the statute and recommended sentencing guidelines.  Regarding the head of the exchange, did he do some unusual trading?  Or are you just assuming here?

    Why are people acting like we get to just make up the rules as we go because we're under a time of stress?  This is the time when normalcy and rules are the most critical, yet everyone that is posting seems to want to throw them out of the fucking window.  

    And I'm not so sure that the top 20% of America who lost money in the market in the past three weeks are a great corollary to the peasants and Jacobins in revolutionary France. 


    I'm not arguing that due process should be thrown out. I'm not even saying change the current rules against insider trading. I'm saying use the rules in place to investigate these crooks and throw them in jail when they're found d guilty. The head of the exchange is married to the Georgia woman and yes, is reported to have sold off a bunch of stock when she did. That's not normal at all, and shouldn't be treated as such. I agree with your reasoning. I just believe the guilty outcome is pretty much a slam dunk and would like to expedite the process with wishful thinking.
  • what dreams
    what dreams Posts: 1,761
    You laugh right now . . . Wait a few weeks when the real collapse occurs, nobody has any money, family members are dying, and the store shelves are still empty. It's not going  to be funny.
  • mfc2006
    mfc2006 HTOWN Posts: 37,491
    what dreams said:
    You laugh right now . . . Wait a few weeks when the real collapse occurs, nobody has any money, family members are dying, and the store shelves are still empty. It's not going  to be funny.
    I am not laughing at all.

    Things need to change yesterday. Be well, all.
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  • static111
    static111 Posts: 5,139
    media corporate apologists begin.  https://apple.news/Ac6CT-FnfRxuO3yhgQ4mYBg
    Scio me nihil scire

    There are no kings inside the gates of eden
  • dignin
    dignin Posts: 9,478
    The markets seem to be happy with Trump floating a blood sacrifice.
  • Halifax2TheMax
    Halifax2TheMax Posts: 42,615
    dignin said:
    The markets seem to be happy with Trump floating a blood sacrifice.
    Which is hilarious as 50% of “Americans” aren’t in and have no direct investment in the casino.
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  • mrussel1
    mrussel1 Posts: 30,917
    Halifax2TheMax said:
    dignin said:
    The markets seem to be happy with Trump floating a blood sacrifice.
    Which is hilarious as 50% of “Americans” aren’t in and have no direct investment in the casino.
    I think I said a few weeks ago that I love Amazon in this.  I also like Alphabet although that hasn't done much.  But I think their ad revenue won't be as profitable per unit, but still do well. 
    Don't shy away from BAC either.  They are taking a beating, but will recover fine.  
  • bbiggs
    bbiggs Posts: 6,965
    I don't understand the rally today.  Is it because Trump thinks everyone should roam the streets again?  Makes zero sense.  We have not come close to peaking with the virus in the U.S. and have not begun to see the real toll it will have on our hospitals.  What am I missing here?
  • dignin
    dignin Posts: 9,478
    bbiggs said:
    I don't understand the rally today.  Is it because Trump thinks everyone should roam the streets again?  Makes zero sense.  We have not come close to peaking with the virus in the U.S. and have not begun to see the real toll it will have on our hospitals.  What am I missing here?
    It will all be over by Easter, didn't you hear?

    That and people are stupid.
  • mrussel1
    mrussel1 Posts: 30,917
    bbiggs said:
    I don't understand the rally today.  Is it because Trump thinks everyone should roam the streets again?  Makes zero sense.  We have not come close to peaking with the virus in the U.S. and have not begun to see the real toll it will have on our hospitals.  What am I missing here?
    Because the market is fairly sure that a huge stimulus will be passed.  Part of that is 4 months of pay for workers who lost income.  Taht's a massive stimulus and unprecedented.  
  • bbiggs
    bbiggs Posts: 6,965
    mrussel1 said:
    bbiggs said:
    I don't understand the rally today.  Is it because Trump thinks everyone should roam the streets again?  Makes zero sense.  We have not come close to peaking with the virus in the U.S. and have not begun to see the real toll it will have on our hospitals.  What am I missing here?
    Because the market is fairly sure that a huge stimulus will be passed.  Part of that is 4 months of pay for workers who lost income.  Taht's a massive stimulus and unprecedented.  
    I guess I'm looking at this with a glass half empty approach (for right or wrong) at this moment.  With or without the stimulus, there will be economic pain, some of which may already be priced in, but I think we're just seeing the tip of the iceberg with the virus.  Hope to be wrong.

  • mrussel1
    mrussel1 Posts: 30,917
    bbiggs said:
    mrussel1 said:
    bbiggs said:
    I don't understand the rally today.  Is it because Trump thinks everyone should roam the streets again?  Makes zero sense.  We have not come close to peaking with the virus in the U.S. and have not begun to see the real toll it will have on our hospitals.  What am I missing here?
    Because the market is fairly sure that a huge stimulus will be passed.  Part of that is 4 months of pay for workers who lost income.  Taht's a massive stimulus and unprecedented.  
    I guess I'm looking at this with a glass half empty approach (for right or wrong) at this moment.  With or without the stimulus, there will be economic pain, some of which may already be priced in, but I think we're just seeing the tip of the iceberg with the virus.  Hope to be wrong.

    The market has priced in a 20% contraction at least.  Im not saying it won't go down anymore,  but it's getting close to settling.  Especially if there's really a four month pay. 
  • tempo_n_groove
    tempo_n_groove Posts: 41,588
    mrussel1 said:
    bbiggs said:
    mrussel1 said:
    bbiggs said:
    I don't understand the rally today.  Is it because Trump thinks everyone should roam the streets again?  Makes zero sense.  We have not come close to peaking with the virus in the U.S. and have not begun to see the real toll it will have on our hospitals.  What am I missing here?
    Because the market is fairly sure that a huge stimulus will be passed.  Part of that is 4 months of pay for workers who lost income.  Taht's a massive stimulus and unprecedented.  
    I guess I'm looking at this with a glass half empty approach (for right or wrong) at this moment.  With or without the stimulus, there will be economic pain, some of which may already be priced in, but I think we're just seeing the tip of the iceberg with the virus.  Hope to be wrong.

    The market has priced in a 20% contraction at least.  Im not saying it won't go down anymore,  but it's getting close to settling.  Especially if there's really a four month pay. 
    I still feel more of a correction coming.
    I am also wondering what this slowdown and working from home will do to the future of the workforce for years to come?
  • nicknyr15
    nicknyr15 Posts: 9,319
    I’m having so much fun scalping this market. VERIZON, Disney , Apple ,  Berkshire etc.... I’m not ready to let my money sit in the market yet. I think we have another leg down coming. But in the meantime, in and out is nice. 
  • mrussel1
    mrussel1 Posts: 30,917
    nicknyr15 said:
    I’m having so much fun scalping this market. VERIZON, Disney , Apple ,  Berkshire etc.... I’m not ready to let my money sit in the market yet. I think we have another leg down coming. But in the meantime, in and out is nice. 
    So what are you on... about 20 shares of Berkshire?

    I focused on JPM and AMZN.  I know Chase and they are the strongest bank in the industry.  I think they're highly undervalued right now.  Amazon is a no brainer.  They're unstoppable. 
  • nicknyr15
    nicknyr15 Posts: 9,319
    mrussel1 said:
    nicknyr15 said:
    I’m having so much fun scalping this market. VERIZON, Disney , Apple ,  Berkshire etc.... I’m not ready to let my money sit in the market yet. I think we have another leg down coming. But in the meantime, in and out is nice. 
    So what are you on... about 20 shares of Berkshire?

    I focused on JPM and AMZN.  I know Chase and they are the strongest bank in the industry.  I think they're highly undervalued right now.  Amazon is a no brainer.  They're unstoppable. 
    Haha 20 shares? I wouldn’t bother trading anymore if I had that. 

    Amazon is the only thing I won’t touch as far as sell. It’s performed remarkably well during this pandemic. It is absolutely unstoppable. I’ll always add on the dips. 
  • vaggar99
    vaggar99 San Diego USA Posts: 3,431
    edited April 2020
    Yesterday, I sold every stock I owned.  Even from my IRA.  20 years in the markets.  All cash.  Did I fuck up?

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