Sure. That sort of thing is always a topic for potential terrorism. It has been looked into for years. Obviously, need the setup, expertise, etc.
Is this that? No. All the folks that have looked at it so far, show no human engineering but a natural event.
Again, if a vaccine is released soon — some folks should get it. But not sure enough to be required by all.
Oil prices are, almost, inherently volatile. So, yes, this does have something to do with it. But for sure, China is a big driver of this. They have a huge consumption and their demand is way down since the outbreak. This has started a price war between Saudi Arabia and Russia. Nice article the other day about this and how if supply exceeds global storage, etc. — we could actually see prices below zero. The guy was saying the pandemic could drop demand by 20%+ — almost forcing producers to pay folks to take the oil. Was a good article and thoughts by the fellow. But hard to see that. But for sure it will be interesting to see how quickly demand turns around.
Sure. That sort of thing is always a topic for potential terrorism. It has been looked into for years. Obviously, need the setup, expertise, etc.
Is this that? No. All the folks that have looked at it so far, show no human engineering but a natural event.
Again, if a vaccine is released soon — some folks should get it. But not sure enough to be required by all.
Oil prices are, almost, inherently volatile. So, yes, this does have something to do with it. But for sure, China is a big driver of this. They have a huge consumption and their demand is way down since the outbreak. This has started a price war between Saudi Arabia and Russia. Nice article the other day about this and how if supply exceeds global storage, etc. — we could actually see prices below zero. The guy was saying the pandemic could drop demand by 20%+ — almost forcing producers to pay folks to take the oil. Was a good article and thoughts by the fellow. But hard to see that. But for sure it will be interesting to see how quickly demand turns around.
Raiders. Thank you for your insight. I had been following your point of view in the NBA thread but that loon Packers was only concerned with pushing his paranoid theories and shutting you down with childish insults. Your views should be more welcome here in his absence.
Don't remember that exact thread. I’ll have to go back and look what exactly it was about.
But yeah. Not a crypto guy at all. I understand the fascination with it. But I see it as a fad or bubblishy. I know that seems arrogant, ignorant, or whatever.
I have known people that have been in it and out of it since the beginning. A guy that first recommended it to me years ago claimed he knew a guy at Ga Tech he went to school with that helped start it or something along those lines — I don’t remember the complete story. I know the guy well — he had no reason to lie about his story. He did very well. And some others did. Then I saw others get in pretty close to the top and did very poorly.
So, I don’t fault folks for getting in crypto — I just don’t see it as feasible longterm. But who knows?
At any rate that’s the reason I just read through this thread, from time to time, and don’t comment on crypto — unless it gets off that topic. I am interested in it — just not for me to ‘invest’ in is all.
Quote Originally Posted by gambleholic63:
Raiders. Thank you for your insight. I had been following your point of view in the NBA thread but that loon Packers was only concerned with pushing his paranoid theories and shutting you down with childish insults. Your views should be more welcome here in his absence.
Don't remember that exact thread. I’ll have to go back and look what exactly it was about.
But yeah. Not a crypto guy at all. I understand the fascination with it. But I see it as a fad or bubblishy. I know that seems arrogant, ignorant, or whatever.
I have known people that have been in it and out of it since the beginning. A guy that first recommended it to me years ago claimed he knew a guy at Ga Tech he went to school with that helped start it or something along those lines — I don’t remember the complete story. I know the guy well — he had no reason to lie about his story. He did very well. And some others did. Then I saw others get in pretty close to the top and did very poorly.
So, I don’t fault folks for getting in crypto — I just don’t see it as feasible longterm. But who knows?
At any rate that’s the reason I just read through this thread, from time to time, and don’t comment on crypto — unless it gets off that topic. I am interested in it — just not for me to ‘invest’ in is all.
Yeah pretty good Raiders! Looks like you just typed off the top of your head. What’s your background in? I think I knew this at one point.
Yeah. That usually a problem I have — typing off the top of my head. Another is not proofreading before I hit send. Sometimes, trying to multitask; other times depending on autocorrect or laziness.
Quote Originally Posted by I_Need_A_Detox:
Yeah pretty good Raiders! Looks like you just typed off the top of your head. What’s your background in? I think I knew this at one point.
Yeah. That usually a problem I have — typing off the top of my head. Another is not proofreading before I hit send. Sometimes, trying to multitask; other times depending on autocorrect or laziness.
This is like heaven for Trump...this situation gives him the green light to spend spend spend and its what he loves to do best. Watch when Trump and that treasury clown roll out an atrocious 50 yr bond so we can massively expand our debt issuance, its what he wants. Trump is the most fiscally destructive president we've had and that includes Bush II who was pretty high up the chart.
Now all we need is some fabricated war so Trump can fill the coffers of his defense contractor buddies. Our financial condition is sinking like Trump's companies did, and we should be alarmed.
Quote Originally Posted by I_Need_A_Detox:
Trump calls for $2 trillion infrastructure bill
This is like heaven for Trump...this situation gives him the green light to spend spend spend and its what he loves to do best. Watch when Trump and that treasury clown roll out an atrocious 50 yr bond so we can massively expand our debt issuance, its what he wants. Trump is the most fiscally destructive president we've had and that includes Bush II who was pretty high up the chart.
Now all we need is some fabricated war so Trump can fill the coffers of his defense contractor buddies. Our financial condition is sinking like Trump's companies did, and we should be alarmed.
Yeah I drove by the local mall here and its a ghost town, same with mid size strip-ish mall shopping places. The only traffic is at grocery stores.
AZ republican goofball gov put the state on a semi lock down starting tonight. The idea is good but he was way behind the eight ball taking weeks doing baby steps on things playing wait an see and in the process the state is massively behind the curve...and with the aging population here that is a bad bad thing.
So how is the stock market over 20k again? Watch when the tsunami of corp defaults and high UE numbers, awful kitchen sink GDP numbers come out, they buy the market thinking the worst is baked in and we only can go higher. Its time to take the medicine and do what is best long term, not what poll numbers or the media thinks today or tomorrow but what will save the most lives...that is really all that matters.
Yeah I drove by the local mall here and its a ghost town, same with mid size strip-ish mall shopping places. The only traffic is at grocery stores.
AZ republican goofball gov put the state on a semi lock down starting tonight. The idea is good but he was way behind the eight ball taking weeks doing baby steps on things playing wait an see and in the process the state is massively behind the curve...and with the aging population here that is a bad bad thing.
So how is the stock market over 20k again? Watch when the tsunami of corp defaults and high UE numbers, awful kitchen sink GDP numbers come out, they buy the market thinking the worst is baked in and we only can go higher. Its time to take the medicine and do what is best long term, not what poll numbers or the media thinks today or tomorrow but what will save the most lives...that is really all that matters.
Detox.. that is quite a stat. The one that is gonna shock people to the core is the unemployment figure that is scheduled to come out this Friday. We are about to see a number that we haven't seen since the Great Depression. I'll go out on a limb and say Friday will be a BIG down day for the market.
Detox.. that is quite a stat. The one that is gonna shock people to the core is the unemployment figure that is scheduled to come out this Friday. We are about to see a number that we haven't seen since the Great Depression. I'll go out on a limb and say Friday will be a BIG down day for the market.
Detox.. that is quite a stat. The one that is gonna shock people to the core is the unemployment figure that is scheduled to come out this Friday. We are about to see a number that we haven't seen since the Great Depression. I'll go out on a limb and say Friday will be a BIG down day for the market.
Have to agree. We'll see a new low or bottom
Quote Originally Posted by Rush51:
Detox.. that is quite a stat. The one that is gonna shock people to the core is the unemployment figure that is scheduled to come out this Friday. We are about to see a number that we haven't seen since the Great Depression. I'll go out on a limb and say Friday will be a BIG down day for the market.
That guy is going to lose it all if the market keeps whipsawing like this. He reminds me of a client I had back during the fiber optic boom bust, he was buying 10k shares of a 100 buck stock and 50 options contracts blah blah blah...he lost 70% of his account when the tech market tanked in 2000.
Ugly stuff out there all over the place and yet this market continues to discount every single thing, even the original shock was really discounted. Todays BK of Whiting is discounted, the worst payroll drop discounted, airlines swirling discounted..retail closures, obvious mall pain all discounted.
I dont know if the car rental guys are getting hit but I run in the morning and I always drag my butt by a local Avis/Budget retail drop/pickup and half the parking lot is FULL of rental cars going unused.
How this market is over 20k is astounding, shocking and pretty scary to be honest.
That guy is going to lose it all if the market keeps whipsawing like this. He reminds me of a client I had back during the fiber optic boom bust, he was buying 10k shares of a 100 buck stock and 50 options contracts blah blah blah...he lost 70% of his account when the tech market tanked in 2000.
Ugly stuff out there all over the place and yet this market continues to discount every single thing, even the original shock was really discounted. Todays BK of Whiting is discounted, the worst payroll drop discounted, airlines swirling discounted..retail closures, obvious mall pain all discounted.
I dont know if the car rental guys are getting hit but I run in the morning and I always drag my butt by a local Avis/Budget retail drop/pickup and half the parking lot is FULL of rental cars going unused.
How this market is over 20k is astounding, shocking and pretty scary to be honest.
Bitcoin and gold... the forced selling seems over as I was alluding to. And the bond markets ? More orderly as well. Keep in mind ALL 3 asset classes were being sold off just a few short weeks ago. It's a more orderly chaos ! I don't know how else to put it
Bitcoin and gold... the forced selling seems over as I was alluding to. And the bond markets ? More orderly as well. Keep in mind ALL 3 asset classes were being sold off just a few short weeks ago. It's a more orderly chaos ! I don't know how else to put it
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