The stock market thread.

[Ted Hoffman]

What's your call now? Is WCS staying under $10 forever? What will it be in 2 years?

If it's under $10 in 2 years, we all won't be worried about when hockey or any other sport starts back up. Hell, we might not have this forum.

 

[Ainec]

Is anyone else extremely bullish on gold and bitcoin?

wonder how long a deflationary spiral will last

 

[VanillaCoke]

Bitcoin still exists?

 

[Fixed to Ruin]

 

[Thucydides]

Bitcoin still exists?

Trading at over 8,000 per coin.

 

[BahlDeep]

Lots of players covered/covering their shorts...and lots of options expiring tomorrow... Take it for what it is

 

[Kairi Zaide]

God bless goodfood

 

[Thucydides]

I took a bite of the Vanguard Index Fund this morning - VUN.to. Just an entry point. Going to buy all the way down from here on out .

 

[BahlDeep]

I took a bite of the Vanguard Index Fund this morning - VUN.to. Just an entry point. Going to buy all the way down from here on out .

Why didn't you buy VOO instead?

 

[Thucydides]

Why didn't you buy VOO instead?

never heard of it. Does it track the entire US market ? That’s why I bought the VUN.to index fund.

 

[VanillaCoke]

Lots of players covered/covering their shorts...and lots of options expiring tomorrow... Take it for what it is

Feel free to elaborate

Im looking at RBC in the next week if it continues to drop, which seems likely.

 

[JMCx4]

If it's under $10 in 2 years, we all won't be worried about when hockey or any other sport starts back up. Hell, we might not have this forum.

Take my money, take my car, take my house, but PLEASE Dear Lord, don't take The Loungers away!

 

[stopclickbait]

Greasy stuff

 

[CrazyMonkey1208]

Holding now, tempted to get on some air travel stocks or oil, both of which are way way down.

Air travel? Brave move.

 

[SmoggyTwinkles]

Greasy stuff

$1.2 to $3.1 is a bit of a range though no?

 

[Ainec]

she shoulda just bought puts on spy

 

[Thucydides]

I think we will see a little run today.

 

[CrazyMonkey1208]

Bitcoin still exists?

It's sole reason for existence is to make video cards cost $800 more than they should thanks to the miners

 

[LarryFisherman]

It's sole reason for existence is to make video cards cost $800 more than they should thanks to the miners

i know this is like a funny lol bro comment, but i just have to be "that guy" and point out that this is just flat out untrue on every single level.

 

[VanillaCoke]

It's sole reason for existence is to make video cards cost $800 more than they should thanks to the miners

Ngl I don't even know what that means, but I also don't know many actual uses for it. As well as the number of stories I hear about bitcoin wallets getting hacked. I'll pass but good luck for those who know more than I.

 

[BahlDeep]

Feel free to elaborate

Im looking at RBC in the next week if it continues to drop, which seems likely.

Market should rip upwards today

 

[VanillaCoke]

Market should rip upwards today

I think so too, but not for long. As the cases increase in the usa it'll go back down...

Not that I'm anywhere close to being knowledgeable about the stock market. Just seems likely

 

[Ted Hoffman]

Greasy stuff

I'm sure it's what the hard-working people of Georgia want.

$1.2 to $3.1 is a bit of a range though no?

What's a couple million dollars between friends making ~$50,000 a year or less?

Also being linked to this: Burr (R-NC - who should have his own thread elsewhere for having a briefing on the seriousness of this weeks prior and telling a small group how bad this could get, and who should burn in hell for not communicating that out to the American public), Johnson (R-WI, also should burn in hell and who wanted to kick-start a Senate investigation into Burisma and Hunter Biden making money improperly), Inhofe (R-OK ... it's Oklahoma, so it goes without saying).

 

[Fixed to Ruin]

After reading this thread, i'm fairly certain there is another massive leg down coming in the near future.

 

[Ted Hoffman]

Market should rip upwards today

I bet it short today in play money, so you're probably right. I still feel like there's a total kick in the nuts coming, though. Yesterday should have been the day for a relief rally, and we were barely up after what you might argue was the last of exhaustion selling and a 78-point drop in the S&P followed by a 147-point rip higher.

I don't know that there's a total put under the market right now, but I think the Fed is trying desperately to put one in. Something about it going into the market and starting to buy anything not an equity. (Again, yet. I fully expect it will hit that point sooner than people think.) Treasury yields have screamed up, so that makes me think there's upside in the stock market but it could also simply be that the Fed has lost all control of the yield curve. Right now, you'd think everyone would be fleeing to safety and yields would be crammed near zero. Instead, we're seeing a "normal" looking curve even if it still means a 10-year around 1% and a 30-year around 1.6%.

A calmer day would be better for everyone's nerves, but who knows what kind of news drops this weekend. And yes, things can still get worse.