OFFICIAL STOCK MARKET AND ECONOMY THREAD VOL. A NEW CHAPTER

[Air273]

Watch the full interview with Chamath Palihapitiya

Watch the full interview with Social Capital CEO Chamath Palihapitiya on "Halftime Report."

www.cnbc.com

*Damb paywall....That's the full vid of the Chamath piece

This guy is right......bail out small companies and loan to large companies at large interest or take stake in large companies........or let them go belly up..........tons of cash out for these companies to sell.....they won't they will take bailout money

it does seem like trump has decided let me pump up this market and hope this improves and people back to work and then soon after it goes up even more..........if its smoke and mirrors........it could really really tank the markets......this botch job by trump would be taught in history classes around the world for 200 years from.

i thought for sure with buffett selling some shares in delta last week that he expected a red week

my understanding is that he has tons of cash ready to invest....he didnt.....why??? if he is sitting on cash, i'll do the same

 

[アミーゴ]

He’s sitting on over 125B - Berkshire has a large play coming

 

[thegreatbean]

Now it seems more and more people are coming out about its a bad idea to bail out these companies. Where were they in 2008?
It doesn’t matter cuz politicians won’t listen. As one economist has said, “there will be more QE than Rocky Movies”.

 

[johnnyredstorm]

Nah in 2008 you needed the bail out. You couldn’t let the entire world to collapse. The band were so intertwined with everyone it would’ve been mayhem and ww3 would’ve been the only solution. Now with these companies who cares. Let the airlines fail. Someone will take over their inventory for cheap and start business over. Boeing ford reckless companies who maxed out their credit lines to buyback stock let them fail.

 

[thegreatbean]

The reason we’re at where we at economic wise is because of 08 bailouts. And the 08 bailouts happened because of what happened in 2001 recession. The 01 recession occurred because of the dot.com bubble. And so on and so on. All of this bailouts and stimulus is to “help” the economy but just ends up blowing up another asset bubble.

But you should hear the bartender analogy from Peter Schiff.


But a good book. I highly recommend is The Skyscraper Cursed by Mark Thornton. An Austrian view on economics.

 

[アミーゴ]

08 was also due to housing

 

[ballinsam23]

Was too young, in 08 did the billionaires bail out companies? That’s almost an instant sign of things to come no?

 

[アミーゴ]

Was too young, in 08 did the billionaires bail out companies? That’s almost an instant sign of things to come no?

The Fed bailed them out as well as GM

 

[andycrazn]

Bought XOM on the dip because it broke through 09 levels and reached post .com levels.

Thinking if this is it and sell for profit or speculate another dip down.

Bought it because of the dividends and I just like oil ever since. Hoping aramco would open up in the US markets to get more $$.

bought in as well. locked in 20% when my stop loss activated

 

[freakydestroyer]

bought in as well. locked in 20% when my stop loss activated

I haven't seen this name in ages. I hope you got rich over the years.

 

[andycrazn]

I haven't seen this name in ages. I hope you got rich over the years.

lol funny story. in feb i was discussing the with my friend the sheer economic impact it had on the markets. my friend dismissed it even though i mentioned that foxconn shut down and they didnt even shut down when people were jumping off their buildings. long story short i didnt buy some puts that wouldve netted me 1500x

 

[アミーゴ]

Yep locked in my BA position at 161 - y’all saw my post last week on what my cost was. Quick little 20k move - these markets have to go down at some point, let’s be patient here.

 

[andycrazn]

my quick thoughts on whats going on right now.

potential short squeeze/fed injection causing things to rally from the lows. this could be temporary until we see the economic data on unemployment numbers.

unemployment numbers is gonna sky rocket, the fact that it isnt that high is IMO because people are having a hard time finalizing their application so there might be a huge lag on that number.

the fact that the fed is throwing TRILLIONS into something like its not a big number is very concerning to me. im hedging myself with gold miners for that reason. but at the same time im confused why gold is moving the same direction as the market and the dollar. everything is moving in a very similar fashion even though gold is supposed to be inverse the dollar or any other fiat currency.

 

[tkthafm]

Once the fed opened pandoras box they trapped themselves and the whole economy with them. The fed will never be able to normalize rates or run down their balance sheet. I don’t see any way this ends other than japan/europe 2.0 or a total collapse and reset of the whole system. Once you open the tap of free infinite money without a care in the world about deficits you can never go back. Companies want free money, banks want free money, politicians from both parties want free money, citizens want free money. The idea that all of this will actually eventually be paid for is a total joke, and now even republican “fiscal conservatives” have stopped caring. No one cares. If we see this disconnect between the real economy and markets continue we will see civil unrest 100x worse than the 2009 occupy movement. Imagine a world with markets at all time highs and 30% unemployment... yeah, it will get ugly, and bloody.

 

[アミーゴ]

Election year - keep pumping it boys

 

[shibadekobe]

my quick thoughts on whats going on right now.

potential short squeeze/fed injection causing things to rally from the lows. this could be temporary until we see the economic data on unemployment numbers.

unemployment numbers is gonna sky rocket, the fact that it isnt that high is IMO because people are having a hard time finalizing their application so there might be a huge lag on that number.

the fact that the fed is throwing TRILLIONS into something like its not a big number is very concerning to me. im hedging myself with gold miners for that reason. but at the same time im confused why gold is moving the same direction as the market and the dollar. everything is moving in a very similar fashion even though gold is supposed to be inverse the dollar or any other fiat currency.

Read that gold dropped following markets due to margin calls during the initial bigly drop last month. Then Funds & Sovereigns exited gold positions to create the magical dry powder to ride markets up. And soon, the usual decoupling will return...also the $12Trillion FED injection doesn't hurt.

 

[shibadekobe]

 

[shibadekobe]

This reply by Sven was hilarious

 

[shibadekobe]

Billionaire Cliff Asness’ hedge fund AQR hit with $43B COVID-19 losses

Billionaire investor Cliff Asness has spent his quarantine watching $43 billion disappear. Asness’ AQR Capital — which managed $186 billion at the end of 2019 — has updated its Web site to reflect …

nypost.com

 

[southernhospita]

Election year - keep pumping it boys

the pump is going to be a cake walk with Bernie out the way

 

[rrlegend]

we’ll be cutting more naturally with the rig counts falling and smaller companies going bankrupt . Wyoming , North Dakota , New Mexico , Cali and some of south Texas are already shutting down . Only areas pumping oil at a consistent basis now are Colorado and west Texas but even that is slowing down too . I’m curious to see which companies will make it past April .

 

[wballz]

This reply by Sven was hilarious

That's the signal to short hahhaaha

 

[johnnyredstorm]

God Bless Donald Daddy Trump. Where would we be without massive asset inflation to keep us living competitively while wages continue to stagnate and the gap between rich and poor rises.

 

[shibadekobe]

NY FED SAYS WILL BUY UP TO A TOTAL OF $2 BLN OF AGENCY CMBS NEXT WEEK IN OPERATIONS ON TUESDAY AND THURSDAY

*will prolly all go directly to Tom Barrack

 

[Brownstone]

...