Is the stock market going to tank?

[liv2ski]

At the bottom the minimum decline will be 79% below the 2020 highs." By april 30, the fed and congress have shot their wads now and governors are still talking about keeping things shut until may.

You're giving me a boner man, stop it.

[4matic]

bull bear tracker site has the doom calls up:

Search: Michael Markowski fraud

[Name Redacted]

OH! You thought that bailout was just for you? Gotta put a little honey on top for the guy who's gonna sign it.
https://www.yahoo.com/news/bonanza-r...122407900.html

[El Chupacabra]

bull bear tracker site has the doom calls up:

"SCPA’s April forecasts:

Search: Michael Markowski fraud

^^^ This.

[Lvovsky]

even after crazy last month, Vail Resorts is still trading at 21 P/E wtf

[Benny Profane]

even after crazy last month, Vail Resorts is still trading at 21 P/E wtf

The elites have just been saved with my and your money. Their playgrounds are safe from extinction.

[iceman]

SCPA’s long term forecast is for all eight of the global indices to bottom between September and November of 2022. At the bottom the minimum decline will be 79% below the 2020 highs."

So, Dow 5900? Hm.

[Lone Star]

bull bear tracker site has the doom calls up:

"SCPA’s April forecasts:
100%- relief rally will peak by April 8, 2020
100%- 2020 low will be breached by April 30, 2020
SCPA’s long term forecast is for all eight of the global indices to bottom between September and November of 2022. At the bottom the minimum decline will be 79% below the 2020 highs."

now that 79% is just throwing something up and seeing if it sticks, but hard to argue that we will not hit new lows by april 30, the fed and congress have shot their wads now and governors are still talking about keeping things shut until may.

There's a lot of times I have disagreed with you... but I keep seeing the movement of the market and asking myself "What the fuck is happening that I am not seeing?" and while I know I am a dumb motherfucker, I just can't get away from making the determination that this market has way more down to go.

edit: and I have bet accordingly. If I am wrong, I will definitely get taught a lesson.

[Benny Profane]

Ugh.

https://slate.com/business/2020/03/c...mployment.html

[Benny Profane]

Que that scene from Apocalypse Now.

https://www.project-syndicate.org/co...iter-1-2020-03

[Falcon3]

There's a lot of times I have disagreed with you... but I keep seeing the movement of the market and asking myself "What the fuck is happening that I am not seeing?" and while I know I am a dumb motherfucker, I just can't get away from making the determination that this market has way more down to go.

edit: and I have bet accordingly. If I am wrong, I will definitely get taught a lesson.

Bear in mind that in the 2007/2008 market, it took quite a while for conditions on the ground (collapse of the mortgage industry) to actually greatly affect the market. Even after Bear Stearns got rescued in March 2008, the market stabilized and started climbing again. It took several more months before the real crash happened. But it had all been artificially propped up since 2007, when the mortgages started collapsing. So these things can take a while to play out. I am in your camp, I think we haven't seen the floor yet.

[Ted Striker]

Add in that the actual human crisis isn't even half over.

[dunfree]

Add in that the actual human crisis isn't even half over.

The consumer fiscal crisis is just picking up steam in China
https://www.bloomberg.com/news/artic...arted-in-china

[up an down]

I was all set to buy some ProShares inverse etf shares.. Then I find out today that Vanguard does not allow the purchase of inverse or leveraged etfs... At least not in the
IRA accounts....damnit!

[liv2ski]

Bear in mind that in the 2007/2008 market, it took quite a while for conditions on the ground (collapse of the mortgage industry) to actually greatly affect the market. Even after Bear Stearns got rescued in March 2008, the market stabilized and started climbing again. It took several more months before the real crash happened. But it had all been artificially propped up since 2007, when the mortgages started collapsing. So these things can take a while to play out. I am in your camp, I think we haven't seen the floor yet.

[Yonder_River]

Putting all of our allocations into cash tomorrow. Lost 9% from the peak and i don't care if we make it back. At least I don't have to think about it anymore.

[Benny Profane]

You and millions. Surprised futures are so relatively mellow down right now.

[Stu Gotz]

You and millions. Surprised futures are so relatively mellow down right now.

Sub $20 oil is going to cause some weird things to happen.

[Kevo]

Sub $20 oil is going to cause some weird things to happen.

Think how cheap long haul flights will be! /S

[Name Redacted]

Think how cheap long haul flights will be! /S

I do wonder if airlines are buying up bulk fuel right now while oil is cheap. That's what basically saved Southwest and positioned them to do pretty well in the last recession. They bought up massive amounts of cheap fuel before gas prices went through the roof. That could assist them in recovering from the upcoming financial crisis. Surely they'll get a bailout anyway.

[Smoova]

I do wonder if airlines are buying up bulk fuel right now while oil is cheap. That's what basically saved Southwest and positioned them to do pretty well in the last recession. They bought up massive amounts of cheap fuel before gas prices went through the roof. That could assist them in recovering from the upcoming financial crisis. Surely they'll get a bailout anyway.

I work in the midstream storage space and the market is in a large contango. I can confirm that many of our customers (including several major airlines) are desperate to contract for additional storage capacity.

[ncskier]

I work in the midstream storage space and the market is in a large contango. I can confirm that many of our customers (including several major airlines) are desperate to contract for additional storage capacity.

Maybe we can finally find a good use for all the ugly above ground pools dotting the american countryside. Plus it would help homeowners generate some extra money.

[SkiCougar]

I was all set to buy some ProShares inverse etf shares.. Then I find out today that Vanguard does not allow the purchase of inverse or leveraged etfs... At least not in the
IRA accounts....damnit!

you could do what I did, sell some of your vanguard and send that money to some brokerage where you can buy those inverse etfs.

I currently have a leveraged inverse etf that covers or hedges my vanguard which is mostly long, so I at least am not losing,

[SkiCougar]

You and millions. Surprised futures are so relatively mellow down right now.

trump just shut down the country for another month and Europe is shutting down all over for longer, it's going lower in april, just a matter of how much.

[up an down]

you could do what I did, sell some of your vanguard and send that money to some brokerage where you can buy those inverse etfs.

I currently have a leveraged inverse etf that covers or hedges my vanguard which is mostly long, so I at least am not losing,

Yes I could ..but.. The Vanguard $ is in my SEp IRA... I don't want to deal with the distribution taxes for another few years.