Is the stock market going to tank?

[Benny Profane]

What?

[LeeLau]

Norwegian Cruise stock tumbles after 'going concern' language used, prior to proposed debt offering https://www.marketwatch.com/story/no...-sh&soc_trk=ma

[Name Redacted]

Oh boy. I remember hearing this in the dot com boom. Buffet has lost it. How'd that work out?

How is he so fundamentally "different"?

He probably doesn't spend much time posting about scratching his balls on a ski forum for one.

[LeeLau]

What's everyone doing now? Waiting for the retest? Selling into the the rally? Chasing it higher? Buying the USO on margin?

USO was fun but now its moved to basically a USL model that's over.

Still short CHK and hedged with some expensive calls. Still long CCl AGNC TWO. Still waiting for dumpster buys to materialize.

Still short LK and Work as they're halted

Started MVIS short. It's been a "some day" blue skies stock since the 2000s but has been reverse splitted to death. Heavily promoted recently with earnings that are bound to disappoint tomorrow

[Ski220]

What's everyone doing now? Waiting for the retest? Selling into the the rally? Chasing it higher?

Reaction to Thursday's new unemployment numbers should be interesting.

With a sizeable Covid19 rebound coming as suicide states open back up the economy is going to suffer 'lower for longer".

The market tracks sideways with wild swings on Covid19 outbreaks and deaths.

As a trader said to me back around '09 - "You can make a lot of money in this market if you got the balls"

Until an effective vaccine is approved and mass produced. If that happens before election day things return to normal and Trump gets reelected. No vaccine - Biden becomes president, Stacey Adams VP and the democrats control all 3 chambers of the federal government. The market tanks to 2016 levels as 'progressive' programs are swiftly enacted.

[ncskier]

I’m all in on hertz, jay crew, gap and Norwegian cruise lines. Should I be nervous?


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[LeeLau]

I’m all in on hertz, jay crew, gap and Norwegian cruise lines. Should I be nervous?

No. Please buy more. And make sure to lend out your NCLH shares.

[huckbucket]

Who in the hell is propping up this market and what is their relationship to Donnie?

[JimmyCarter]

Oh boy. I remember hearing this in the dot com boom. Buffet has lost it. How'd that work out?

How is he so fundamentally "different"?

Because he’s not stuck buying stocks, he’s waiting for something like the BofA preferred deal he did to get handed to him.

[Danno]

Who in the hell is propping up this market and what is their relationship to Donnie?

rich people are feeling good?

[huckbucket]

rich people are feeling good?

[ATTACH]327090[/ATTACH]

Feels institutional ... although the venn overlaps with rich obviously.

[jono]

What?

Outbreaks that can effect the safety of air travel happen pretty frequently and very large ones in about 1% of years. Black swans happen. Investors continue to demonstrate humanity's general incompetence at managing low probability/high cost risks.

[Stu Gotz]

I’m all in on hertz, jay crew, gap and Norwegian cruise lines. Should I be nervous?


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Said in jest, but I wonder how many companies will file bankruptcy over the next 6-12 months to restructure debt, leases, etc. So many of these companies are debt, fueled dead man walking that I would imagine they'll use the virus as cover to clean up the books.

[Toadman]

Who in the hell is propping up this market and what is their relationship to Donnie?

His name is Vlad Putin, and they are business partners in an off-shore tax shelter LLP.

[4matic]

Where’s the beef?