The Fed announced reductions in Treasury buying next week - so much for unlimited QE. https://www.zerohedge.com/markets/s...fed-announces-bond-buying-reduction-next-week
I was going to make a wrestling joke but apparently I don't need to. Had no idea they were publicly traded.
I feel like missing WrestleMania has to be baked into that price already at 50% what it was at already.
Could be a little, but they're down 50 or 60% for the year. As soon as one of the wrestlers get the virus, it'll get worse. Having no attendance for any of their shows will be a huge drain. Im also not sure how the XFL is tied into Vince/WWE.
I don’t think you’re going to “outsmart” the market this way. Those considerations are getting baked in right now. Had you figured this out six weeks ago sure, but everyone understands the impact at this point.
My theory is we are about to hit that part of this where everybody/businesses realize “shit, this is going to last longer and have a wider impact than we thought.” Down wave number 2 coming soon. Of course with trump saying he’ll “reopen” the country in like a week, who tf knows.
So I was walking the dog and saw a dominoes car. Their stock is on a quick run. Pizza Hut is down. Who had the best coverage in America for pizza? This shot is going to drag and most of America can’t cook or can only cook 5 things. Thus delivery is going to be up is my guess.
So Trump backing off this whole “reopen the country by Easter” BS. Could be another interesting Monday.
Mortgage bankers warn Fed mortgage purchases unbalanced market, forcing margin calls https://www.cnbc.com/2020/03/29/mor...s-unbalanced-market-forcing-margin-calls.html
I'll never understand the market and it is time for me to stop trying to - I'll just wait until the next dip a week or 36 years from now to throw more $ in.
yep days like this cement my belief there’s just no point in trying to time it. Make solid choices built for the long haul and ride it out.
I’m just surprised we opened green off a weekend where Trump rolled back his optimism, cases continued to skyrocket, and the Fed is backing off their QE programs
Largest employer in my city, who is publicly traded and 40B market cap, just announced 10% salary reduction through year end for all salaried staff. 50% for execs and 100% for CEO. We’re definitely not at the bottom, just have to be patient.
The govt is telling people to stay tf home, and Uber is up 7% over the last hour. It’s bizarro world out here
i could see companies rallying off q1 numbers because theyre not as bad as people thought or some bullshit q2 is going to be an absolute titting
Ford is going on mandatory vacation next week for all employees. I didn't see much about it yet on the news. Is there a play to make here? I knew a week ago and didn't feel confident in going one way or the other. Is that considered good or bad news for investors?
I know this is from WSB which is full of idiots. But this guy actually seems to know what he is talking about.
good thing I didn't put any money into pharmaceutical companies that produce hydroxychloroquine. None of them have taken off like I thought they would. Just checked Mylan, Teva, and Novartis. None of them have seen significant upward movement.
Haven’t looked at ford at all and would need to look into it more than reading a reddit post to give even decent advice But don’t be surprised to see all of these companies get a pass for awful Q1 numbers this market doesn’t seem to give a shit that the country is shut down
Thanks everyone. Most of my puts went to shit. Had a little hay day with one TSLA put. But it’s getting tougher out there for sure. Holding onto my LUV 4/24 $25 put to save some grace. Appreciate the advice fellas.