OFFICIAL STOCK MARKET AND ECONOMY THREAD VOL. A NEW CHAPTER

[shibadekobe]

*BERNANKE: U.S. FISCAL POLICY RESPONSE HAS BEEN PRETTY GOOD
*BERNANKE: FED ACTING AS DOLLAR LENDER OF LAST RESORT TO WORLD
*BERNANKE: SUSPECT THERE MAY BE MORE FISCAL HELP COMING
FORMER FED CHAIR BERNANKE SAYS WE MAY SEE A CRISIS IN EMERGING MARKETS AND A GLOBAL RECESSION - BLOOMBERG
"subprime is contained"

 

[shibadekobe]

U.S. CRUDE OIL FUTURES SETTLE AT $23.63/BBL, DOWN $2.45, 9.39 PCT

 

[shibadekobe]

FANNIE, FREDDIE UNLIKELY TO AID MORTGAGE COMPANIES AS PAYMENTS DRY UP, FHFA CHIEF SAYS

 

[tkthafm]

My thinking...

 

[noskey]

My thinking...

I've got 10 days for one of my SPY puts to make up a current 98% loss. Let's ******* DROP!

 

[tkthafm]

Next jobless number coming Thursday, also expected to be another MASSIVE loss (6-10 million). Earnings season starting soon, banks report next week. With interest rates at zero and news like mortgage forbearance applications up 2000%+ I can't imagine anything but a total disaster for them, which sets us up perfectly for the rest of the earnings/guidance disappointments to come in, capped off by technology at the end. I saw another report today that consumer debt hit new record highs in February, completely blew away expectations.. just before the crisis. That means millions of Americans have more debt than ever just as they are losing their jobs and have yet to see any of that promised stimulus money.

 

[shibadekobe]

Next jobless number coming Thursday, also expected to be another MASSIVE loss (6-10 million). Earnings season starting soon, banks report next week. With interest rates at zero and news like mortgage forbearance applications up 2000%+ I can't imagine anything but a total disaster for them, which sets us up perfectly for the rest of the earnings/guidance disappointments to come in, capped off by technology at the end. I saw another report today that consumer debt hit new record highs in February, completely blew away expectations.. just before the crisis. That means millions of Americans have more debt than ever just as they are losing their jobs and have yet to see any of that promised stimulus money.

But all that's PRICED IN

 

[pdino]

^"priced in"

shibadekobe beat me

 

[allreds]

 

[turbospartan]

Next jobless number coming Thursday, also expected to be another MASSIVE loss (6-10 million). Earnings season starting soon, banks report next week. With interest rates at zero and news like mortgage forbearance applications up 2000%+ I can't imagine anything but a total disaster for them, which sets us up perfectly for the rest of the earnings/guidance disappointments to come in, capped off by technology at the end. I saw another report today that consumer debt hit new record highs in February, completely blew away expectations.. just before the crisis. That means millions of Americans have more debt than ever just as they are losing their jobs and have yet to see any of that promised stimulus money.

So to the by Thursday close? Got it!

 

[johnnyredstorm]

Dow 50,000 by June. Confirmed.

 

[freakydestroyer]

Bearish energy is fading away. You know what that means.

 

[Betonblck]

Larry Kudlow says they can start reopening the economy in 4-8 weeks. 8 weeks is in about June. I guess that is priced in too.

Trump looking at reopening parts of the country unscathed by coronavirus, Mnuchin says

Treasury Secretary Steven Mnuchin in Tuesday said President Donald Trump is talking to his advisors about ways to reopen ‘parts of the country.’

www.marketwatch.com

 

[johnnyredstorm]

Larry Kudlow says they can start reopening the economy in 4-8 weeks. 8 weeks is in about June. I guess that is priced in too.

Trump looking at reopening parts of the country unscathed by coronavirus, Mnuchin says

Treasury Secretary Steven Mnuchin in Tuesday said President Donald Trump is talking to his advisors about ways to reopen ‘parts of the country.’

www.marketwatch.com

Yeah I figured June all along. God willing.

 

[shibadekobe]

(Bloomberg) Billionaire Nelson Peltz’s Trian Partners saw its portfolio of investments decline by more than -16% in March as the coronavirus pandemic took hold and market sell-off accelerated.

 

[Betonblck]

Yeah I figured June all along. God willing.

That's being optimistic. Because there has not been a national shut down, each area is going to have separate curves and reinfections. There must be a change in policies right now now if they want that to happen. Otherwise, we are looking at maybe August-September.

 

[johnnyredstorm]

Pinterest up $2 on earnings . $1.7 billion in cash with no debt as of March. Love it. Will be adding and doubling this position if we come back to 13 or less.

 

[xbiker47]

That's being optimistic. Because there has not been a national shut down, each area is going to have separate curves and reinfections. There must be a change in policies right now now if they want that to happen. Otherwise, we are looking at maybe August-September.

I agree, this is going to go on past June

 

[onlyjs]

I was about to say unless there's a vaccine but even then, this is a world pandemic its going to be a while

 

[slighted]

Wallstreetbets just switched to private

I'm guessing the subreddit got way too much traffic from new folks

 

[johnnyredstorm]

that’s annoying

 

[shibadekobe]

Democrats Are Seeking At Least $500Bln In Next Stimulus Bill

 

[tay1]

Democrats Are Seeking At Least $500Bln In Next Stimulus Bill

I expected more than 1 bill to pass. I think they expected it to peak mid April but looks like it’s just getting started in certain areas.

 

[johnnyredstorm]

And let’s get more money sent to everyone’s house!

 

[tkthafm]

What will happen first: US debt reaches infinity or US credit rating cut to junk ?