OFFICIAL STOCK MARKET AND ECONOMY THREAD VOL. A NEW CHAPTER

[wballz]

Only in 2020 will a company that files for bankruptcy be pumped.

2009 was the same in the 1st half. Lesson learned, dont fight the fed. Every earnings was a gap up whether it was a hit or miss.

 

[xbiker47]

Any bears in here at all or we all bulls at this point?

 

[shibadekobe]

 

[junglejim]

Any bears in here at all or we all bulls at this point?

I was starting to turn around until I went to a restaurant and a bar this weekend and they both looked like this on a Saturday at like 7 pm.

I don’t know when it drops again, but it’s absolutely going to. Right now everything is valued as is this never happened and there will be no hiccups going forward in terms of new cases/outbreaks and everyone goes about as they normally do. I don't see it happening.

 

[johnnyredstorm]

At the same time Vegas was packed to the brim. Who knows. Track price and see if we get heavy and start making lower highs, having end of day fades, going green to red. Those will be the early warning signs.

 

[junglejim]

At the same time Vegas was packed to the brim. Who knows. Track price and see if we get heavy and start making lower highs, having end of day faces, going green to red. Those will be the early warning signs.

I would expect it to be packed on opening weekend, but I doubt it stays packed going forward.

Golden Nugget Owner Says Casinos, Eateries Aren’t Bouncing Back

Texas gaming mogul and restaurateur Tilman Fertitta told investors on a private call this week that the fear of traveling and going out to eat are hampering his casino and restaurants empire, with business down about 40% in its best-performing markets.

www.bloomberg.com

Granted this is the golden nugget and its a **** hole, but still. We will know if this is real or not in August when all the PPP assistance and additional unemployment expire. Im still invested long right now, but I don't see this continuing. Either the market was massively undervalued before or its massively overvalued now. Im going to lean toward the latter of the two.

 

[pdino]

Any bears in here at all or we all bulls at this point?

I took a loan out of my retirement last week. Have missed out on about 10% gains . Unemployment, valuations, GDP, small businesses, hospitality, retail... List goes on and on for why I'm bearish. But, marketshows otherwise and I've been missing out

 

[junglejim]

Today alone the following have declared or have said they will declare bankruptcy:

California Resource Corp
Chesapeake Energy (even though it rallied 167% today)
Tailored Brands

We are about to enter into a massive debt deflation cycle which is going to further tighten lending standards, reduce monetary supply, reduce growth, lead to decreased investor and consumer confidence. 33% of our GDP is generated by the 55 and over crowd and it appears that our economic plan is to tell those who dont feel comfortable to stay home and they likely will. The federal reserve and congress did a great job creating liquidity, but now the question is how long is it going to last. Savings rates are as high as they have been in decades which does not bode well for an economy that 70% is based on discretionary spending.

Even before all this the manufacturing sector had been on a three quarter decline, business spending was on a two quarter decline, and most of our economy was being propped up by consumer spending which appears to have slowed way down due to uncertainty.

I don't see how we stay at all time highs with an economy operating at 80-90%.

 

[xbiker47]

That photo of the restaurant is the complete opposite of out here. My social media has been flooded with people out and about eating and hitting our local casino like everything is fine.

 

[junglejim]

That photo of the restaurant is the complete opposite of out here. My social media has been flooded with people out and about eating and hitting our local casino like everything is fine.

And it will probably vary by different parts of the country. We went to the beach before that and it was as packed as Ive ever seen it. It just so happened to be that both places we went to afterwards where people actually spend money looked like that. But I'm pretty sure im in the minority with my opinion and im probably wrong.

 

[junglejim]

Add Ann Taylor to the bankruptcy list of the day.

 

[yaboyyaboy]

NKLA went nuts today. It’s a spec play, with no binding LOIs, I’ve audited start-ups that claimed to have potential customers once they begin operations in the future and they backed out.

oh well, Castles in the air.....

 

[SupremeBeing5]

IS there a NT Stock discord? OR should I start one?

 

[shibadekobe]

Add Ann Taylor to the bankruptcy list of the day.

I'm Loading Ann Taylor, CRC, CHK, TLRD now...
*Robinhood technique

 

[junglejim]

I'm Loading Ann Taylor, CRC, CHK, TLRD now...
*Robinhood technique

I feel for the people who held CHK past close. They are going to get hammered in the morning.

 

[shibadekobe]

 

[Betonblck]

Any bears in here at all or we all bulls at this point?

I'm bearish long term and joke about how high the market will go short term. The market is higher than it was pre-covid. I may as well be buying bitcoin if we are ignoring valuations and earnings.

GDP was like 2% pre-covid. Restaurants are closing their doors permanently.

 

[SpittaJetLife]

NKLA soaring. TD screwed me out of a few more shares. My purchase didn’t go through. Happy to be able to cop a few for the low.

 

[アミーゴ]

EYE am probably the biggest Vegas fan in here - used to go 6-10 times a year. I’m going nowhere near it this year

 

[andycrazn]

I guess I shouldve had diamond hands holding nkla at 54...... oh geezus

 

[johnnyredstorm]

Man God bless Robinhood. These morons were selling ROKU when it’s starting to reverse and head back toward 120. Can’t wait till they flip back and chase it higher.

 

[shibadekobe]

 

[GJ93]

 

[tkthafm]

Any bears in here at all or we all bulls at this point?

I'm mega bearish but not shorting until we get a clear reversal signal

 

[shibadekobe]

I'm mega bearish but not shorting until we get a clear reversal signal

Whenever I see your avy, I just load $TVIX