Trump announces continued lock-down until the end of April.
(03-30-2020, 12:05 AM)flsprtsgod Wrote: [ -> ]Trump announces continued lock-down until the end of April.
This is the right thing to do. People don't like the unknown and creating unreasonable expectations (e.g. Easter) only leads to criticism when things don't result in conjunction with what may be communicated as a best case scenario basis.
(03-30-2020, 09:39 AM)HURRICANE!!! Wrote: [ -> ] (03-30-2020, 12:05 AM)flsprtsgod Wrote: [ -> ]Trump announces continued lock-down until the end of April.
This is the right thing to do. People don't like the unknown and creating unreasonable expectations (e.g. Easter) only leads to criticism when things don't result in conjunction with what may be communicated as a best case scenario basis.
His job is to instill HOPE while balancing that with medical advice. I see no issue with his Easter prediction. Americans won't stay locked in their houses forever.
(03-30-2020, 09:44 AM)StroudCrowd1 Wrote: [ -> ] (03-30-2020, 09:39 AM)HURRICANE!!! Wrote: [ -> ]This is the right thing to do. People don't like the unknown and creating unreasonable expectations (e.g. Easter) only leads to criticism when things don't result in conjunction with what may be communicated as a best case scenario basis.
His job is to instill HOPE while balancing that with medical advice. I see no issue with his Easter prediction. Americans won't stay locked in their houses forever.
Really? He's the President, his job is not to instill HOPE. If that is the case then Lyndon B Johnson would be known as the Greatest President ever because he continued to instill HOPE in our futile fight against the Viet Cong.
Personally, I'm not complaining since he is essentially focused on his strength, and that is to keep the economy in tact through this crisis, but I'd recommend he just defer health and personal livelihood expectations to the medical experts.
(03-30-2020, 09:58 AM)HURRICANE!!! Wrote: [ -> ] (03-30-2020, 09:44 AM)StroudCrowd1 Wrote: [ -> ]His job is to instill HOPE while balancing that with medical advice. I see no issue with his Easter prediction. Americans won't stay locked in their houses forever.
Really? He's the President, his job is not to instill HOPE. If that is the case then Lyndon B Johnson would be known as the Greatest President ever because he continued to instill HOPE in our futile fight against the Viet Cong.
Personally, I'm not complaining since he is essentially focused on his strength, and that is to keep the economy in tact through this crisis, but I'd recommend he just defer health and personal livelihood expectations to the medical experts.
Uhhh.. yes it's the President's job to keep the American people calm and focused... and in a pandemic where he has extended the self-isolation until the end of April... hope is a pretty important component of that.
LBJ was part of the problem in Vietnam.. our soldiers never lost a battle but our politicians lost the war.
(03-30-2020, 10:05 AM)TrivialPursuit Wrote: [ -> ] (03-30-2020, 09:58 AM)HURRICANE!!! Wrote: [ -> ]Really? He's the President, his job is not to instill HOPE. If that is the case then Lyndon B Johnson would be known as the Greatest President ever because he continued to instill HOPE in our futile fight against the Viet Cong.
Personally, I'm not complaining since he is essentially focused on his strength, and that is to keep the economy in tact through this crisis, but I'd recommend he just defer health and personal livelihood expectations to the medical experts.
Uhhh.. yes it's the President's job to keep the American people calm and focused... and in a pandemic where he has extended the self-isolation until the end of April... hope is a pretty important component of that.
LBJ was part of the problem in Vietnam.. our soldiers never lost a battle but our politicians lost the war.
1) I don't think you understood my post regarding the end of April. I agree with that assessment.
2) SERIOUSLY ? WE NEVER LOST A BATTLE IN VIETNAM ? You gotta be kidding me. We lost plenty of battles in Vietnam, primarily as a result of being outnumbered and not being aware of jungle tactics. We can save that discussion for another thread.
(03-30-2020, 11:19 AM)HURRICANE!!! Wrote: [ -> ] (03-30-2020, 10:05 AM)TrivialPursuit Wrote: [ -> ]Uhhh.. yes it's the President's job to keep the American people calm and focused... and in a pandemic where he has extended the self-isolation until the end of April... hope is a pretty important component of that.
LBJ was part of the problem in Vietnam.. our soldiers never lost a battle but our politicians lost the war.
1) I don't think you understood my post regarding the end of April. I agree with that assessment.
2) SERIOUSLY ? WE NEVER LOST A BATTLE IN VIETNAM ? You gotta be kidding me. We lost plenty of battles in Vietnam, primarily as a result of being outnumbered and not being aware of jungle tactics. We can save that discussion for another thread.
We kicked some tail in Vietnam...but we also got our tails kicked, physically and politically.
(03-29-2020, 10:14 PM)Senor Fantastico Wrote: [ -> ]Futures down. Strap in.
Interestingly the market opened to the upside today and is maintaining a "modest" swing to the upside. I put "modest" in quotes because on a normal trading day a ~2% gain is usually a pretty good day. It's a far cry from the volatility and wild swings that we have been seeing over the last couple of weeks.
One slight mistake that I made was jumping on a buy in Boeing at $162 on a down day after it had surpassed my "wanted" buy price of $150 on the way up. Right now it's sitting at $148. I'm not too concerned since I didn't take a big position and over time it's going to reward me.
I am still being cautious about getting back in too heavily right now. Q1 and Q2 numbers are not going to be pretty. The question is how much of that will be priced in to the market. We shall see. I want to see how this week goes.
(03-30-2020, 01:47 PM)jagibelieve Wrote: [ -> ] (03-29-2020, 10:14 PM)Senor Fantastico Wrote: [ -> ]Futures down. Strap in.
Interestingly the market opened to the upside today and is maintaining a "modest" swing to the upside. I put "modest" in quotes because on a normal trading day a ~2% gain is usually a pretty good day. It's a far cry from the volatility and wild swings that we have been seeing over the last couple of weeks.
One slight mistake that I made was jumping on a buy in Boeing at $162 on a down day after it had surpassed my "wanted" buy price of $150 on the way up. Right now it's sitting at $148. I'm not too concerned since I didn't take a big position and over time it's going to reward me.
I am still being cautious about getting back in too heavily right now. Q1 and Q2 numbers are not going to be pretty. The question is how much of that will be priced in to the market. We shall see. I want to see how this week goes.
I very very nearly shorted a pretty good chunk of money. I was pretty convinced we would see at least a small swing down today, if not a large one.
It's a good thing I'm a very chicken hearted trader.
(03-30-2020, 01:53 PM)Senor Fantastico Wrote: [ -> ] (03-30-2020, 01:47 PM)jagibelieve Wrote: [ -> ]Interestingly the market opened to the upside today and is maintaining a "modest" swing to the upside. I put "modest" in quotes because on a normal trading day a ~2% gain is usually a pretty good day. It's a far cry from the volatility and wild swings that we have been seeing over the last couple of weeks.
One slight mistake that I made was jumping on a buy in Boeing at $162 on a down day after it had surpassed my "wanted" buy price of $150 on the way up. Right now it's sitting at $148. I'm not too concerned since I didn't take a big position and over time it's going to reward me.
I am still being cautious about getting back in too heavily right now. Q1 and Q2 numbers are not going to be pretty. The question is how much of that will be priced in to the market. We shall see. I want to see how this week goes.
I very very nearly shorted a pretty good chunk of money. I was pretty convinced we would see at least a small swing down today, if not a large one.
It's a good thing I'm a very chicken hearted trader.
I've never shorted anything. I just don't have the experience to do it so I would say that I'm more "chicken hearted" than you.
To be quite honest when I heard The President announce the April 30th date during his press conference yesterday I expected today to be a down day as well. I'm not sure what to make of it, but in the financial news today it was speculated that at least a hard, firm official date backed by the medical experts in the administration's task force might have had the opposite effect from what I was thinking. The other thing that was pointed out was the fact that this is the close of Q1 and the start of Q2.
As I said before I want to see how things go this week before I make any moves.
(03-30-2020, 02:11 PM)jagibelieve Wrote: [ -> ] (03-30-2020, 01:53 PM)Senor Fantastico Wrote: [ -> ]I very very nearly shorted a pretty good chunk of money. I was pretty convinced we would see at least a small swing down today, if not a large one.
It's a good thing I'm a very chicken hearted trader.
I've never shorted anything. I just don't have the experience to do it so I would say that I'm more "chicken hearted" than you.
To be quite honest when I heard The President announce the April 30th date during his press conference yesterday I expected today to be a down day as well. I'm not sure what to make of it, but in the financial news today it was speculated that at least a hard, firm official date backed by the medical experts in the administration's task force might have had the opposite effect from what I was thinking. The other thing that was pointed out was the fact that this is the close of Q1 and the start of Q2.
As I said before I want to see how things go this week before I make any moves.
Correct me if I'm wrong, I have never shorted anything, but it seems like the trouble with shorting is that your loss is unlimited. If you are long, your loss is limited to your investment and your upside is unlimited.
(03-30-2020, 02:11 PM)jagibelieve Wrote: [ -> ] (03-30-2020, 01:53 PM)Senor Fantastico Wrote: [ -> ]I very very nearly shorted a pretty good chunk of money. I was pretty convinced we would see at least a small swing down today, if not a large one.
It's a good thing I'm a very chicken hearted trader.
I've never shorted anything. I just don't have the experience to do it so I would say that I'm more "chicken hearted" than you.
To be quite honest when I heard The President announce the April 30th date during his press conference yesterday I expected today to be a down day as well. I'm not sure what to make of it, but in the financial news today it was speculated that at least a hard, firm official date backed by the medical experts in the administration's task force might have had the opposite effect from what I was thinking. The other thing that was pointed out was the fact that this is the close of Q1 and the start of Q2.
As I said before I want to see how things go this week before I make any moves.
They have ETFs that short for you. They basically mirror one of the indexes. Or inverse them at a factor of 2 or 3. Risky, but you can make nice money day trading in a down market using them.
My "guru" says we're seeing this because all the scared money (like me) is on the sidelines waiting to call the bottom. The rest are averaging down. Makes sense.
(03-30-2020, 09:44 AM)StroudCrowd1 Wrote: [ -> ] (03-30-2020, 09:39 AM)HURRICANE!!! Wrote: [ -> ]This is the right thing to do. People don't like the unknown and creating unreasonable expectations (e.g. Easter) only leads to criticism when things don't result in conjunction with what may be communicated as a best case scenario basis.
His job is to instill HOPE while balancing that with medical advice. I see no issue with his Easter prediction. Americans won't stay locked in their houses forever.
You’re pretty hilarious dude. You change your narrative when Trump tells you to.
Have you had an original thought in the past 3 years?
(03-30-2020, 02:50 PM)The Real Marty Wrote: [ -> ] (03-30-2020, 02:11 PM)jagibelieve Wrote: [ -> ]I've never shorted anything. I just don't have the experience to do it so I would say that I'm more "chicken hearted" than you.
To be quite honest when I heard The President announce the April 30th date during his press conference yesterday I expected today to be a down day as well. I'm not sure what to make of it, but in the financial news today it was speculated that at least a hard, firm official date backed by the medical experts in the administration's task force might have had the opposite effect from what I was thinking. The other thing that was pointed out was the fact that this is the close of Q1 and the start of Q2.
As I said before I want to see how things go this week before I make any moves.
Correct me if I'm wrong, I have never shorted anything, but it seems like the trouble with shorting is that your loss is unlimited. If you are long, your loss is limited to your investment and your upside is unlimited.
You're correct. Not for the faint of heart.
I did not see this coming for the market today after yesterdays presser and the DOW futures.
(03-30-2020, 02:50 PM)The Real Marty Wrote: [ -> ] (03-30-2020, 02:11 PM)jagibelieve Wrote: [ -> ]I've never shorted anything. I just don't have the experience to do it so I would say that I'm more "chicken hearted" than you.
To be quite honest when I heard The President announce the April 30th date during his press conference yesterday I expected today to be a down day as well. I'm not sure what to make of it, but in the financial news today it was speculated that at least a hard, firm official date backed by the medical experts in the administration's task force might have had the opposite effect from what I was thinking. The other thing that was pointed out was the fact that this is the close of Q1 and the start of Q2.
As I said before I want to see how things go this week before I make any moves.
Correct me if I'm wrong, I have never shorted anything, but it seems like the trouble with shorting is that your loss is unlimited. If you are long, your loss is limited to your investment and your upside is unlimited.
That's pretty much it. As I said, I don't know much about it other than the basics. I don't do this full time and would not be comfortable doing something like this myself.
(03-30-2020, 11:19 AM)HURRICANE!!! Wrote: [ -> ] (03-30-2020, 10:05 AM)TrivialPursuit Wrote: [ -> ]Uhhh.. yes it's the President's job to keep the American people calm and focused... and in a pandemic where he has extended the self-isolation until the end of April... hope is a pretty important component of that.
LBJ was part of the problem in Vietnam.. our soldiers never lost a battle but our politicians lost the war.
1) I don't think you understood my post regarding the end of April. I agree with that assessment.
2) SERIOUSLY ? WE NEVER LOST A BATTLE IN VIETNAM ? You gotta be kidding me. We lost plenty of battles in Vietnam, primarily as a result of being outnumbered and not being aware of jungle tactics. We can save that discussion for another thread.
56,000 versus 2,000,000+
Yea... that was a war lost entirely by the politicians.
And when the battles won versus battles lost is about 500 to 1... it's pretty easy to make a blanket statement like that. Every time the military would make gains the politicians would give them another stupid rule or limitation... which of course led to the eventual genocide of millions.
(03-30-2020, 03:38 PM)TrivialPursuit Wrote: [ -> ] (03-30-2020, 11:19 AM)HURRICANE!!! Wrote: [ -> ]1) I don't think you understood my post regarding the end of April. I agree with that assessment.
2) SERIOUSLY ? WE NEVER LOST A BATTLE IN VIETNAM ? You gotta be kidding me. We lost plenty of battles in Vietnam, primarily as a result of being outnumbered and not being aware of jungle tactics. We can save that discussion for another thread.
56,000 versus 2,000,000+
Yea... that was a war lost entirely by the politicians.
And when the battles won versus battles lost is about 500 to 1... it's pretty easy to make a blanket statement like that. Every time the military would make gains the politicians would give them another stupid rule or limitation... which of course led to the eventual genocide of millions.
All because we stopped Patton from driving on Berlin.