Jump to content
View in the app

A better way to browse. Learn more.

Surly Horns

A full-screen app on your home screen with push notifications, badges and more.

To install this app on iOS and iPadOS
  1. Tap the Share icon in Safari
  2. Scroll the menu and tap Add to Home Screen.
  3. Tap Add in the top-right corner.
To install this app on Android
  1. Tap the 3-dot menu (⋮) in the top-right corner of the browser.
  2. Tap Add to Home screen or Install app.
  3. Confirm by tapping Install.
Football ... Basketball ... Baseball ... Other Sports ... Futbol ... 🤫995🤫 ... Gambling ... Movies & TV ... Music ... Hobbies ... Lulz ... Food & Travel ... Daily Texan ... Business & Markets ... Cloak Room ... Help ... For Sale ... Board Discussion ... Advertise... Tailgate Donations

Featured Replies

1 minute ago, Captainant said:

I agree completely with that statement. I'm saying that maybe these businesses would be in better shape if they had paid debts and reinvested the 1.5 trillion dollar tax cut (and other financial windfalls) into the business instead of buying back shares to increase shareholder profits.

You're missing the point if you think I'm criticizing the lack of planning for this specific scenario. I'm saying the fact that we're in this place of multiple national security-critical industries needing bailouts for as much as they got in tax breaks last year, is a pretty clear indicator that our corporate sector has not been good stewards of their finances.

And for some reason, we don't hold corporations to the same standards of personal responsibility that we do for workers.

 

5 minutes ago, Wally Fairway said:

While the last several years have been a boom to stock market investors, this crisis was not triggered by a bubble rather by a pandemic; but don't let that ruin your narrative

Fucking this. 

 

The holier than thou, "great corporate satan" trope is fucking lame.

  • Replies 18.1k
  • Views 1.4m
  • Created
  • Last Reply

Top Posters In This Topic

Most Popular Posts

  • That's why I'm out. There is no end game, IMO. This has to be fixed outside of the market and I got too nervous about what that entails for retail investors. They will always be last on the list, if o

  • Rusty Shackelford
    Rusty Shackelford

  • I'm not a financial advisor. This is not financial advise. I don't work in finance. I do not have a degree in finance. Actually, I have a BA and I'm bad at math past Cal I. I won't apologize for the l

Posted Images

3 minutes ago, Incredulity said:

Fucking this. 

The holier than thou, "great corporate satan" trope is fucking lame.

I'm just saying, if your buddy came into a huge windfall of cash and blew all of immediately on strippers and blow and partying, would you be very sympathetic to him when he comes to you asking for a handout? You wouldn't say he should have saved some of it for a rainy day, and would just give him as much as he said he needed?

Just now, Anastasis said:

At what point do we become worried about a run on banks?

Wasn't the entire point of the FDIC to prevent runs on banks? There may be a small run on cash, but I can't see people rushing to a bank to cut a cashiers check and pull their money out

2 minutes ago, Anastasis said:

At what point do we become worried about a run on banks?

Makes those people who bury thier money in jars in the back yard look smart.

4 minutes ago, Anastasis said:

At what point do we become worried about a run on banks?

Yesterday???
I'm gonna think that the trigger is when the CDC, or a state agency, says that all ATM's will be turned off because community use of that device presents a high risk of transmission. And just like toilet paper and hand sanitizer the lemmings will have found their next target

I wonder if there’s anyone out there alternating between $SQQQ and $TQQQ ... buying each when they’re low and selling the next day and buying the other.

Looking at this week, I mean, you could be making 15-30% everyday. 
I don’t say trade and only have an ira through vanguard to play with.

But if you had the stones and figure this yo-yo is going to continue, you could make tons of $ on this buy one day, sell the other.

What am I missing.

11 minutes ago, Anastasis said:

This Ackman dude is cracking on CNBC. 

Bill Ackman?

 

3 minutes ago, Incredulity said:

Bill Ackman?

 

You betcha.

3 minutes ago, Incredulity said:

Bill Ackman?

Yeah. Some apocalyptic shit. 

I think we hit the second breaker today.  This could get nasty. 

4 minutes ago, Incredulity said:

Bill Ackman?

 

Bill Ackman is such a fucking regard.  

 

 

And we just hit the Level 1 limit.  Go outside and smoke a dart, Guys.  We'll try again in 15 minutes.

So far through all of this, the Level 1 has worked.  Markets bounced at least a little bit off of that.  I think that'll happen here, as it just trickled down to the limit today.  It'll restart and be very boring until the close.

Just now, Parliament said:

And we just hit the Level 1 limit.  Go outside and smoke a dart, Guys.  We'll try again in 15 minutes.

So far through all of this, the Level 1 has worked.  Markets bounced at least a little bit off of that.  I think that'll happen here, as it just trickled down to the limit today.  It'll restart and be very boring until the close.

I mean, it's stopped/slowed the bleeding each day. But we have been hitting limits pretty consistently over the last week. Over the medium-long term we've got a looooooong way to go until we bottom out. Lots of inflated stock values from buybacks that will be coming back to reality.

Yeah, that's how I shoulda put it.  You take a hose to the fighting dogs, but they'll be back at it tomorrow.

How many times has the first circuit breaker been hit since last Monday? Ive counted at least 4 of 8 trading days. 

Surly stock experts:
 
What is the dynamic that is behind alternating up and down days over the couple weeks?
 
Given the news wouldn't continuous down make more logical sense?   or  if "short squeeze" dynamics, ups and downs intraday.
 
 

Cats have 9 lives
Dead cats have 9 bounces?

At this point I wonder what would stabilize the markets faster, reversing strategy from social distancing and sending everyone to work or continuing our current path.  Imo, i think we get enough of an indicator regarding a bottom for a projection of mortality medically over the next 7 days but at what cost to the markets?  Shitty options all around.

5 minutes ago, RollLeft said:

At this point I wonder what would stabilize the markets faster, reversing strategy from social distancing and sending everyone to work or continuing our current path.  Imo, i think we get enough of an indicator regarding a bottom for a projection of mortality medically over the next 7 days but at what cost to the markets?  Shitty options all around.

Next week is going to continue to be a bloodbath. Yall should be buying a bunch of PUTs that execute in the summer, when we'll be at max-pain according to the CDC and epidemiologists. My GE $4 June puts have been a nice silver lining to this whole shitshow

Just now, Harrison Stafford said:

I can’t think of a reason why we won’t test the DJIA March 2009 low of 6469.95.  Just hope it doesn’t happen today.

Well, we (probably) can't test that in a single day thanks to the circuit breakers. More than a 20% fall in a single day closes the markets, unless we somehow fall off a cliff in the last 30 mins of a trading day

We’ll all be living in caves by year end
I’m thankful I found a secluded 2 bedroom with an open living area/natural waterfall while out on a hike yesterday

47 minutes ago, Anastasis said:

Yeah. Some apocalyptic shit. 

Pretty sure he started crying when he was talking about his dad. Talking about Hilton going to 0 but still buying at these levels

1 hour ago, Anastasis said:

This Ackman dude is cracking on CNBC. 

on the same level.

 

1 hour ago, Anastasis said:

At what point do we become worried about a run on banks?

The banks are worried.  There’s several articles on ‘don’t pull your money out’ and I tried to pull 10k which is usually no big deal - more as a test...don’t need cash. They said they could do 5k.  Chase.  I said I’m good...just wanted to see their line of thinking.   

1 hour ago, Trey3216 said:

Fatigue?  I've been beyond fatigue for weeks.  This is starting to become real life altering levels of stress an concern.  I've had to shorten my working/attention hours to about 4-5 per day so I don't overload.  

obviously these weeks are hugely anomalous in the big scale of things.  but projecting it down to 'normal' times, it still seems wild to work a day job where your livelihood is contingent on the speed of information

15 minutes ago, Harrison Stafford said:

I can’t think of a reason why we won’t test the DJIA March 2009 low of 6469.95.  Just hope it doesn’t happen today.

S&P 500 retesting Dec 24 2018 today.  Hopefully see a bounce tomorrow.

What happens if you close the stock market? Like, what happens to options and futures?

I'm counting on a bump when Congress passes the "cash payment" Bill. Y'all figure it is/will be already baked in to the market?

25 minutes ago, ChiTownDoc said:

The banks are worried.  There’s several articles on ‘don’t pull your money out’ and I tried to pull 10k which is usually no big deal - more as a test...don’t need cash. They said they could do 5k.  Chase.  I said I’m good...just wanted to see their line of thinking.   

I tried to pull 5k yesterday from Frost.  They limited me to 2500. Told me that was their drive through window limit.  

@Wally Fairway are you thinking another dead cat bounce tmr? Should I wait to buy more SPY puts until then or pull the trigger now?

46 minutes ago, Harrison Stafford said:

I can’t think of a reason why we won’t test the DJIA March 2009 low of 6469.95.  Just hope it doesn’t happen today.

I don't know - at this point there is not a lot more negative news left to come. We have shut most things down across the country and everyone is expecting to stay home for weeks. I think the market might be near the bottom now. If we get some good news from congress and we start making some medical progress I can see us stabilizing and starting to turn around in a few weeks. 

6 minutes ago, stone oak said:

@Wally Fairway are you thinking another dead cat bounce tmr? Should I wait to buy more SPY puts until then or pull the trigger now?

I really don't like to give advice, because I'm just guessing and using my gut - however I am still buy puts, longer and deeper, because none of this feels like there is a solution or an end of the shutdowns that is in sight.

As far as now or later - I never try to buy at the bottom nor sell at the top, there is plenty of money to be made along the way, if you are right about what you think is going to happen. As an example I was mad that I bought some puts last Friday before the market took off during the Prez presser, but I'm happy that I bought them because they've made me money since - sure if I'd have bought them at a better price I'd make more, but if I didn't get in before the close then I'm completely out.
Wallys Wisdom journal
(quote me when I'm right, and laugh at me when I'm wrong)

Just now, Wally Fairway said:

I really don't like to give advice, because I'm just guessing and using my gut - however I am still buy puts, longer and deeper, because none of this feels like there is a solution or an end of the shutdowns that is in sight.

As far as now or later - I never try to buy at the bottom nor sell at the top, there is plenty of money to be made along the way, if you are right about what you think is going to happen. As an example I was mad that I bought some puts last Friday before the market took off during the Prez presser, but I'm happy that I bought them because they've made me money since - sure if I'd have bought them at a better price I'd make more, but if I didn't get in before the close then I'm completely out.
Wallys Wisdom journal
(quote me when I'm right, and laugh at me when I'm wrong)

Thank you sir.

Also, as long as I'm not giving any advice, I try to never hold options to expiration - unanticipated events can happen that can destroy the value in those items, so I try to close them out a day or so before. That being said I did sell some puts that were expiring today which is high risk, because in the money options are subject to your broker taking actions if you cannot cover them in your account. And while we are at it do not advocate naked options, because the risks are even greater - all that being said, I can only cover my SPY options that expire through 3-31, but I anticipate selling those before we get to that date.
I do believe in taking risks, but not unmitigated idiotic unfettered risks.
Good luck and happy hunting

2 minutes ago, Hefeweizen said:

That seems bad.  Like Great Depression bad.

Well expect the whole fundamental reason for the decline is completely different. 

1 hour ago, Incredulity said:

Bill Ackman?

 

No Huge Ackman

Do you think unemployment of 20 per cent cares whether it was caused by the rona or speculators?

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...
Football ... Basketball ... Baseball ... Other Sports ... Futbol ... 🤫995🤫 ... Gambling ... Movies & TV ... Music ... Hobbies ... Lulz ... Food & Travel ... Daily Texan ... Business & Markets ... Cloak Room ... Help ... For Sale ... Board Discussion ... Advertise... Tailgate Donations

Configure browser push notifications

Chrome (Android)
  1. Tap the lock icon next to the address bar.
  2. Tap Permissions → Notifications.
  3. Adjust your preference.
Chrome (Desktop)
  1. Click the padlock icon in the address bar.
  2. Select Site settings.
  3. Find Notifications and adjust your preference.