OFFICIAL STOCK MARKET AND ECONOMY THREAD VOL. A NEW CHAPTER

[johnnyredstorm]

Grabbed a 29/30 call spread in work for .20 expiring tomorrow. Probably a terrible idea looking at the price action after my order but I do like the $30 potential and the rotation into this one so we’ll see. $20 of risk to make $80.

 

[wballz]

Bought NFLX at the morning dip. 450 weekly April 17 calls at $3.10.

I have it to auto sell at $5.

EDIT: BOOM ! SOLD!!

 

[tkthafm]

Pretty much this. Record high unemployment, near record high stock market.

Has this ever happened before ?

Does is it even matter ? It seems wallstreet believes we are in a new paradigm where people don't really need jobs and companies don't really need revenues since the fed will just give everyone money.

 

[shibadekobe]

 

[wballz]

Folks buying the ride up with lots of insurance I guess.

 

[ballinsam23]

What’s up with the bond market? Isn’t it solid when interest rates are this low?

 

[Betonblck]

Has this ever happened before ?

Does is it even matter ? It seems wallstreet believes we are in a new paradigm where people don't really need jobs and companies don't really need revenues since the fed will just give everyone money.

In my 20 years of investing I have never seen it before. Like the post below, the bond market doesn't see an immediate V recovery.

 

[johnnyredstorm]

Bill in Congress to give everyone 2k a month until we return to precovid numbers. We’ll see if it gains any traction but the next round of stimulus will probably be something similar.

 

[junglejim]

LTRPB is back up to 90 again

 

[turbospartan]

Bill in Congress to give everyone 2k a month until we return to precovid numbers. We’ll see if it gains any traction but the next round of stimulus will probably be something similar.

Trump doesn't want to get Trumped by Canada

 

[johnnyredstorm]

WORK 7000 $29 calls bought for next week $1.20. Spread should def print at this rate.

 

[tkthafm]

Trump doesn't want to get Trumped by Canada

All I see here is : Inflation.

 

[johnnyredstorm]

But we’re in a deflationary environment so it’s ok!

 

[wballz]

LTRPB is back up to 90 again

Anyone from yesterday actually made money of this ? LOL

 

[tkthafm]

Look at AMZN

So much FOMO in this market.

 

[junglejim]

Anyone from yesterday actually made money of this ? LOL

i made a grand total of $13

 

[xbiker47]

Look at AMZN

So much FOMO in this market.

 

[goledensilence]

Can finally buy fractional shares on Robinhood.

 

[johnnyredstorm]

Can finally buy fractional shares on Robinhood.

Just buy a mutual fund or an etf at that point

 

[jjs]

In general and for some people, I could see the appeal for of buying fractional shares of Amazon or Google instead of buying a mutual fund or an ETF.

And it's good if somebody is trying to DCA their position in a company with an expensive stock.

 

[johnnyredstorm]

I guess. Id just rather dca into a fund and get exposure to a basket at that point than have a fraction. Mutual funds are great for small investors without the time or know how.

 

[goledensilence]

Don't see the harm in doing both. I have the ETFs I like on Cash App & random ETFs on Acorns App. Using this fractional sharing option to add to my positions for Ally Financial on Cash App & Shell on Robinhood for when I have some change left over from the money I've already used.

 

[shibadekobe]

 

[Majorbread]

^ It's gonna be a hot summer if they don't get money in the hands of folks that really need it

 

[fluid hips]

I'll take civil unrest for $200, Alex