probably holding what I have left in cash for the foreseeable future. have averaged about 20.5k buy in price since this all began and confident we'll be back at that or below in the next month or two where i can shove the rest in. this is the extent of how I bet on investing. also agreed trumps conflict on hydroxychloroquine isn't large enough to worry about vs the other dozens of overtly corrupt things happening (the treasury handled slush fund bailout, not to mention the carve out that seems directly aimed at what businesses he owns regarding hotels/property), but that we're talking about acceptable levels of conflicts of interest and corruption shows how far we've fallen
Can someone explain to me what the hell is going to happen with Luckin? Looks like they defaulted on a loan and shares are going to be seized. Trading looks halted but I have no idea what that means for my ability to get anything out.
oh and since the market is largely moved by fairy dust I imagine the outbreak surge we'll see when we try to remove social distancing measures without proper testing and tracing mechanisms leading to secondary lockdowns will be what gets us into the next low point. when the bankers realize that the glossy short term fix isn't a viable solution. this thread kind of goes into what we'd need to do to have broad reopening of business etc and why imo it's best to be pessimistic about our ability to accomplish it
Once a vaccine hits, the markets start their road to true recovery. A true vaccine is still a year+ away, but treatments could be coming in the next few months.
I log into the site to see what the updates he posts are. Tried to do some research on what he uses and it looks like a combination of DMI, VTI, VF20, and more. Have not been able to identify everything and the weighting he uses. There are some really old videos from before he started posting the updates he does. Just when he was posting stock and ETF recommendations. He was explaining how he picked each one. He references a model that uses the above. I think what he did was automate it for trading on Sink or Swim. There are more videos i need to watch but have not had time do to work. If there is big news that will affect volumes
i come and go on that, when the bodies start piling up they might, maybe we'll have run enough clock that there'll be some decent treatments but that seems lofty then again it'll be region specific, SF/LA/WA acted quickly and decisively saving thousands of lives. I imagine they'd do the same in a future surge scenario.
Houston only has 1,000 confirmed cases and that’s awesome. We’ve been closed since mid March. Dallas is closed through May and I’m sure we aren’t far behind. But at some point the natives are going to get restless if a couple thousand people are sick and 5 million people are affected
Nurse I know at Mayo in Jax told me yesterday that elective surgeries have been suspended at Mayo through June 1st
that's across the entire country. My friend can't get an injection in his back because of the need for PPE. The board won't let him use any.
This one is a little bit of a stretch but my cousins friends brother is on Pence's secret service detail and apparently he has told his brother who has told my cousin to not plan on going back to the office until July 1st. Take that one with a grain of salt.
Lastly, the July 1st date matches up with what my CEO has told our Ops leaders that best case scenario based on his conversations with the task force is 4 months of work from home. I work for a major Health Care Insurer. That was told to us early/mid March when we started sending everyone home.
Does anyone know whether brokers generally report the any of the following ETF combinations to the IRS as "substantially similar securities" for purposes of the wash sale rule? (a) two ETFs by two different issuers tracking the same index; (b) two ETFs by the same or different issuers, tracking the same index, where one is ETF is 3x levered and the other is not levered; and (c) two ETFs tracking different indexes but both issued by the same issuer.
I postponed a Japan trip from March to October and still have concerns about THAT happening. Already cancelled another trip and have Iceland in 50 days which I'm just waiting to get a refund on the flight. My bougie lifestyle is being hurt.
Can finally started cancelling Thailand/Cambodia that was supposed to the end of May now that United has waivers out as far as our return flight. Our only hotel booked cancelled on us so that's one less thing to do. Air Asia is giving credits but not really sure what to expect with Bangkok Airways and Vietjet Air. Have a bad feeling I'm going to end up having to eat those. I'm not comfortable rebooking this trip until things are back to at least relative normal.
all my flights were booked with insane deals/points and i didn't want refunds to preserve that, but it feels like there will be lots of flight deals going around to try to get people back traveling so I've relented
I mentioned the other day that Disney is the only stock I've played perfectly during the pandemic. I may be able to add AMD to that. Based on charts alone, this should run up into at least the mid $50s, right? pacey
House 3. Biden and I kick back drinking Bud heavies, shooting the shits while watching Ackman and Ichan fight to the death. The encore would be Biden spitting drunken game at Carole Baskin. "Hey there mama kitten, you sure are the cat's meow! [and insert 'pussy' references]"