The stock market thread.

[Basement Cat]

I don’t think most are eating it for health reasons, and beyond meat is not claiming to be a “health” food, it’s gaining popularity because veganism is gaining popularity & animal products are being replaced at a rapid rate , if you look at the data .

dairy and big meat are panicking . Tyson foods the biggest meat company in the world invested a huge amount of $$ into beyond meat .

This is why I think beyond meat is a good investment if it falls under a certain price. But to each their own. There will be a lot of good investment opportunities out there other than this one.

Exactly - who eats a burger to be healthy? Veganism does not equal health, fad diet.

 

[Jedub]

Until they find out it's really not. The amount of sodium in plant-based meat will be a concern at some point

The fact that people eat fast food at all anymore makes me think that the facts wont drive people away for quite some time.

 

[Ainec]

beyond meat is expensive

i'd rather eat real junk food that cost less and are equally unhealthy



taken a beating today from pton short

 

[Fixed to Ruin]

beyond meat is expensive

i'd rather eat real junk food that cost less and are equally unhealthy



taken a beating today from pton short

People need exercise now that all the gyms are closed.

 

[Ainec]

People need exercise now that all the gyms are closed.

$2000 bike in a bear market and recession

peloton is nearly worth 2x the market cap of air canada

 

[Fixed to Ruin]

$2000 bike in a bear market and recession

peloton is nearly worth 2x the market cap of air canada

I don't disagree. but in the short term people think that way. There's alot of these stocks that will go away soon.

 

[rocketdan9]

what is the best mutual fund to park money at now?

one would think it would be Health Science related. But it is also dropping

Its just folks want "liquid". And for many others, losing money on borrowed money

 

[Fixed to Ruin]

Print that money!

Fed says it will offer an additional $500 billion in overnight repo funding markets

That's 1 trillion dollars a day for those who are scoring at home.

 

[DenisSamson3]

Ceo's that have stepped down from 4 days ago,

1. Microsoft, Bill Gates, 3/13 after forever
2. UPS, David Abney, 3/12 (after 6Y)
3. Disney CEO, Bob Iger, 2/25 (after 15 Y)
4. MasterCard CEO, Ajay Banga, 2/25 (after 10 Y)
5. Salesforce CEO, Keith Block, 2/25 (after 18 M)
6. Uber Eats VP, Jason Droege, 2/25 (after 6 Y)
7. Outdoor Voices CEO, Tyler Haney, 2/25 (after 8 Y)
8. Cansortium Cannabis CEO, Jose Hidalgo, 2/25 (after 5 Y)
9. St. Luke's Hospital CEO, Christine Candio, 2/25 (after 5 Y) (one of St. Louis' biggest hospitals)
10. JCPenney CMO, Shawn Gensch, 2/25 (after 9 M)
11. Bowers & Wilkins CEO Gregory Lee, 2/24 (after 2 M)
12. Bowers & Wilkins CFO Gideon Yu, 2/24 (after 4 Y)
13. L Brands CEO, Les Wexner, 2/20 (after 57 Y)
14. Credit Suisse CEO, Tidjane Thiam, 2/13 (after 5 Y)
15. MGM CEO, Jim Murren, 2/12 (after 12 Y)
16. Aurora Cannabis CEO, Terry Booth, 2/6 (+other big cuts)
17. LinkedIn CEO, Jeff Weiner, 2/5 (after 11 Y)
18. HULU CEO, Randy Freer, 1/31 (after 2 Y)
19. IBM CEO , Ginni Rometty, 1/30 (after 8 Y)
20. Match.com CEO, Mandy Ginsberg, 1/29 (health)
21. International Airlines Group (IAG) CEO, Willie Walsh, 1/9 (after 9 Y)

Now its up to 27.

 

[CrazyMonkey1208]

Walmart has reached an all time high this morning. Must be all the C19 related shoppers

 

[Ted Hoffman]

$2000 bike in a bear market and recession

peloton is nearly worth 2x the market cap of air canada

How long has Tesla been worth more than other automakers combined? It makes absolutely zero sense, but it doesn't stop people from buying on hopium.

That's 1 trillion dollars a day for those who are scoring at home.

If we seriously need this much liquidity to keep things going, we are so much more f***ed than anyone realizes.

Which, on that vein, the Fed will now accept "a broad range of equity securities" [read: stocks] at the Primary Dealer Credit Facility. The Fed just buying stocks directly is coming. No, it won't work like the Fed intends.

The Dow is clinging for dear life to 20,000 like there's algos out there programmed to buy at that point. I wonder what the "f*** it, sell" point is and how furiously algos start selling when that point is it.

 

[Fixed to Ruin]

How long has Tesla been worth more than other automakers combined? It makes absolutely zero sense, but it doesn't stop people from buying on hopium.


If we seriously need this much liquidity to keep things going, we are so much more f***ed than anyone realizes.

Which, on that vein, the Fed will now accept "a broad range of equity securities" [read: stocks] at the Primary Dealer Credit Facility. The Fed just buying stocks directly is coming. No, it won't work like the Fed intends.

The Dow is clinging for dear life to 20,000 like there's algos out there programmed to buy at that point. I wonder what the "f*** it, sell" point is and how furiously algos start selling when that point is it.

Everything was a giant bubble in this debt based consumption economy. The virus was just the thing that made the bubble pop. Now governments will make unprecedented actions like bailouts, monetary stimulus and helicopter money to try to reinflate this bubble (aka save the 1%). Privatized profits and socialized losses is now our reality.

 

[Thucydides]

Some stocks that have fallen hard :

Royal Caribbean cruise - was over $120 a share it now sits at 21 a share. Risky though.

Air Canada was close to $40 a share it’s now $13

bank of Montreal was $104 a share it’s now $58

whitecap resources was 12 bucks a share it’s now 0.84 (oil)

the list could go on and on.

 

[Ted Hoffman]

Don't know about everyone else, but I'm getting a decent exercise taking off and putting back on my Dow 20,000 hat.

 

[Fixed to Ruin]

WTI Oil - 22.94$

edit - Looking at a historical chart we are getting close to testing lows of 18$ (Dec. 2001) and ~12$ (Jan 1999).

Oil spiked in 2008 at around 140$.

 

[Thucydides]

WTI Oil - 22.94$

some of these oil stocks have been completely rocked - vermillion energy a month ago was over $40. It’s 2.50 today. Suncor is at 15 bucks .

Trying to decide whether or not to make a small play in vermillion. If oil shoots back up to 30 bucks you have to think vermillion could easily double .

 

[Ted Hoffman]

Everything was a giant bubble in this debt based consumption economy. The virus was just the thing that made the bubble pop. Now governments will make unprecedented actions like bailouts, monetary stimulus and helicopter money to try to reinflate this bubble (aka save the 1%). Privatized profits and socialized losses is now our reality.

Oh I have no delusion about how much debt was in the system. I said that in 2008: the best solution was to take insolvent companies, wind them up, and sell off the pieces. You punish stupid decision-making, wipe out debt that can't be paid back, and set a bottom that we can work from. (There was also a point about jailing people for fraud, but that kind of seemed obvious.)

Nope, we got "let's let major companies stay alive, extend their debt out as far as we can, and not jail anyone - because doing any of that would be bad for the economy, and we can't do that." So, we got more debt and companies plowing money into stock buybacks and executive bonuses. That means we've got companies that are loaded to the gills with debt, some of which was used to do those things just noted. There's also some companies that are stressed even with interest rates at all-time lows and incredibly vulnerable to any kind of shock that takes us out of "everything is perfect, everything is fine."

It's exactly what Japan did in the 90s that we told them repeatedly, "don't do this - you're going to drag this out longer and not fix anything." We've now joined them in that boat. Japan has tried many of the things you've noted to reinflate its bubble; it's still never worked, and it's never going to.

 

[Fixed to Ruin]

Oh I have no delusion about how much debt was in the system. I said that in 2008: the best solution was to take insolvent companies, wind them up, and sell off the pieces. You punish stupid decision-making, wipe out debt that can't be paid back, and set a bottom that we can work from. (There was also a point about jailing people for fraud, but that kind of seemed obvious.)

Nope, we got "let's let major companies stay alive, extend their debt out as far as we can, and not jail anyone - because doing any of that would be bad for the economy, and we can't do that." So, we got more debt and companies plowing money into stock buybacks and executive bonuses. That means we've got companies that are loaded to the gills with debt, some of which was used to do those things just noted. There's also some companies that are stressed even with interest rates at all-time lows and incredibly vulnerable to any kind of shock that takes us out of "everything is perfect, everything is fine."

It's exactly what Japan did in the 90s that we told them repeatedly, "don't do this - you're going to drag this out longer and not fix anything." We've now joined them in that boat. Japan has tried many of the things you've noted to reinflate its bubble; it's still never worked, and it's never going to.

From the movie margin call.

"They never lose. They don't care if everyone else does."

 

[Ted Hoffman]

some of these oil stocks have been completely rocked - vermillion energy a month ago was over $40. Suncor is at 15 bucks .

Trying to decide whether or not to make a small play in vermillion. If oil shoots back up to 30 bucks you have to think vermillion could easily double .

Oil companies will not change valuation in direct relation to oil prices. $30 oil probably still isn't making money. If Vermillion is leveraged up, it could get sunk depending on how long pumping oil is a money-loser. If a bailout is coming, that might be the time to jump in but I wouldn't count on it being a put on everything this time around.

 

[CrazyMonkey1208]

Everything was a giant bubble

 

[DenisSamson3]

WTI Oil - 22.94$

edit - Looking at a historical chart we are getting close to testing lows of 18$ (Dec. 2001) and ~12$ (Jan 1999).

Oil spiked in 2008 at around 140$.

Finally we will get under $1 a litre gas in Vancouver! Its been like 10 years.

 

[Thucydides]

Oil companies will not change valuation in direct relation to oil prices. $30 oil probably still isn't making money. If Vermillion is leveraged up, it could get sunk depending on how long pumping oil is a money-loser. If a bailout is coming, that might be the time to jump in but I wouldn't count on it being a put on everything this time around.

I would just be gambling on a dead cat bounce. I don’t think any Canadian oil producers are making money @ 30 dollar oil. I think 45-50 is the break even for a lot of them . Probably higher.

I’m in Nova Scotia - gas prices here are 79 cents a litre. At some gas stations if you use cash or debit it’s 75 cents .
I expect gas prices in the 60s here on Friday .

 

[Thucydides]

Market is getting wrecked today . Anyone jump in on anything or are you still on the sidelines ?

 

[Recipe Unlimited]

Market is getting wrecked today . Anyone jump in on anything or are you still on the sidelines ?

I'm liking BMO. I'm thinking about doing a Dollar Cost Average of them.

 

[CrazyMonkey1208]

Market is getting wrecked today . Anyone jump in on anything or are you still on the sidelines ?

Sitting on my hands