Hey Nerds: Blockchain
- Thread starter zeke
- Start date
Preston
MBow30 alt account
Well last week I positioned myself so that in the case of an absolute catastrophe, I'm sitting real fucking pretty even in my long ports. So if we get death I'm fine. Going to keep an eye on volume today. If it's increasing on further bearish downside that's no bueno for bulls. Yesterdays volume was a decent uptick on last weeks' pathetic volly, but nothing too catastrophic. If we start to increase daily on bearish action I'd be concerned.
Get ready for a slow death
More grim news with millions more unemployed this week
When the carnage ends putting the pieces back together will be the biggest challenge the global world will ever had to face
The markets have been disconnected from the real world for a decade but this unlike anything we have seen before
Dotcom and financial crisis are peanuts compared to this carnage , sectors of the economy will be decimated
There is no V shaped recovery on the horizon
The pain is too global and debt levels , credit markets , unemployment , etc... will need years to recover
The world isnt built to contract as a whole , certain segments always change but not like this death spiral
zeke
Well-known member
Eh, I don't see how that can be true.
There's no real reason why things shouldn't bounce back relatively quickly when the virus is under control, as long as governments give smart support to small businesses.
Preston
MBow30 alt account
Anyway next couple years will be rocky. Stocks are forward thinking so there will be historic rallies in the process and perhaps even sustainable ones.. But the fact of the matter is.. If you're an investor it will be essential to pluck value plays that get unfairly punished in the massacre we may see soon enough.
TLDR: Long $SLV $TRUL
TLDR: Long $SLV $TRUL
CH1
The Artist Formerly Known as chiggins.
Except, corporations always use downturns to axe a ton of jobs. Recovery will bel slow -- if that's not priced in, it will have to at some point.
Plus, Warren in Biden's cabinet is bad for Wall St.
Anyway, enough of this macro stuff. Today has been a glorious repeat of yesterday's morning. Rode SPX down for 20 straight points. 75% of my day is done.
Preston
MBow30 alt account
Oh and I agree that recovery will be slow. It's all about horizons... But as I said stocks are very forward thinking. The recovery will come before we see a healthy economy. We are likely years away from the virus going away in the first place though. So lots of time for choppy, rocky action in the meantime.
Also $SLV with a significant bull break of resistance. Swiggity mother fucking SWEEEEEET
Also $SLV with a significant bull break of resistance. Swiggity mother fucking SWEEEEEET
CH1
The Artist Formerly Known as chiggins.
I tend to agree but fear ain't rational....Perception is sometimes reality.
Your asking government to fix an issue they fukced up in the first place .....good one Zeke
They are decimating the economy , what is going to bounce back when 50 million North Americans are out of work
Small business in the service sectors are going to be wiped out , they employ millions
Many of those jobs arent coming back
In the previous meltdowns , it was not global sector by sector complete destruction
If you lost your job in the dotcom days you drowned your sorrow at the local bar , went to the gym , took a trip and got laid in Cuba , went to the movies , etc..... thats wiped out now Zeke
When do you think anyone is going to watch a 50,000 attended concert again
New York is a major global business/entertainment hub
Times Squares plus all the major attractions such as Casinos etc in other States , they got crucified
This will trickle down to many other facets of the economy