Uhh, stonks? Headed for a 1000 point drop day?
this looks bad 20 minutes in hindsight. We’re already at 3 percent and dropping like a stone
Is impending civil war bad for stonks?
Let me check my notes
This morning:
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Don’t be foolish, every market movement is good! A rise is a sign of a strong economy and consumer confidence! A decline is a buying opportunity!
The only part I don’t understand is why this would make the Euro tank against the dollar.
I’m actively rooting for the market to tank, and tank hard. Hard enough to get Republicans to pass stimulus and stay down till after the election.
Come ooonnnn tank
Covid cases are surging in France and Germany and there is talk of a shutting down there again.
Well it made up nearly 300 points this afternoon. Should close only down around 600
Hospitals and health insurers got hit very hard today. The market is forecasting the ACA being overturned.
But man tell me how 15 million Republicans can lose there health care coverage and then the GOP still wins elections. That can’t happen, right?
The Republicans who have the ACA don’t even realize it’s the ACA. The think they just pay insurance companies money. When it goes back to private insurance with no pre-existing conditions covered - and prices go down - they’ll celebrate.
Except the ones with pre-existing conditions. But I’d guess that’s a small %. Trump will just blame democrats and they’ll believe him.
Not STONKS? No problem! Print money until STONKS!
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I think the next Covid stimulus should just be a distribution of units in ETFs. Why bother with all this “money” nonsense when we can all just STONKS ourselves to the promised land?
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Think they’ll just IPO a new USA1 stock, run this shit like a business.
I seriously want one to put on the shelf behind me when I’m on Zoom calls with my firm’s investments team.
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Just sold half my FXE. If Europe is going to fuck around and re-catch this thing it doesn’t look as attractive. Once the sale clears (which always seems to take longer than it should) I’m considering jumping into something like XLE (energy sector FTE), especially if it keeps tanking. I just feel like it’s extremely likely oil cos will retest pre-pandemic highs within 1-3 years.
My basic strategy with everything during covid so far is buy if it hits pandemic lows (and it’s not say cruise lines), sell if it hits pre-pandemic highs.