Is the stock market going to tank?

**Benny Profane** · 03-22-2020, 02:36 PM

Originally Posted by Cono Este

I’m not talking about the Kennedys, or people with big bond ladders and apartment buildings. I’m talking about the nouveau riche, the divorcees, the idiot sons, the people with accounts at Merrill Lynch and Morgan Stanley who gobbled the goop they were sold. 80% of them.

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You'd be surprised . Many will be lucky. If they don't have to work and don't depend on a business for basic income, they'll be fine, if they weren't all in on a risky investment. Well, certainly a ton better than most.

**goldenboy** · 03-22-2020, 02:40 PM

Originally Posted by Name Redacted

Surprised you guys are getting those in CB. We went through a few services and they kept dropping out of Summit CO because of delivery challenges/not enough sales maybe. The ones that did their own delivery were the best but I can see why they didn't work out. They'd pick up and reuse packaging material which is probably my biggest issue with all the other delivery services, the amount of waste it creates.

Blue Apron, Hello fresh and Home Chef are the only ones that deliver here, maybe because they're all FedEx. Yeah, there is a lot of waste, but I've never thrown any food away- we always make those dishes, and I've thrown tons of grocery food away unfortunately. That's the one upside for the delivery kits.

**MultiVerse** · 03-22-2020, 02:43 PM

Originally Posted by Benny Profane

You'd be surprised . Many will be lucky. If they don't have to work and don't depend on a business for basic income, they'll be fine, if they weren't all in on a risky investment. Well, certainly a ton better than most.

I agree, but what I meant was a lot of millennial opinion about capitalism has been shaped by the Great Recession which occurred during their financial formative years just like a lot of boomer opinion was shaped by 70s stagflation. We'd all be better off if we could do a better job of stepping outside our frames of reference.

**Benny Profane** · 03-22-2020, 02:56 PM

Well, then, get off your ass and vote.

**up an down** · 03-22-2020, 03:27 PM

Originally Posted by Cono Este

I’m not talking about the Kennedys, or people with big bond ladders and apartment buildings. I’m talking about the nouveau riche, the divorcees, the idiot sons, the people with accounts at Merrill Lynch and Morgan Stanley who gobbled the goop they were sold. 80% of them.

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Bruised Hedge Funds Ask Clients for Fresh Cash to Buy the Dip https://www.bloomberg.com/news/artic...to-buy-the-dip

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**Cono Este** · 03-22-2020, 03:56 PM

Originally Posted by up an down

Bruised Hedge Funds Ask Clients for Fresh Cash to Buy the Dip https://www.bloomberg.com/news/artic...to-buy-the-dip

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That’s going to happen across the business. All those structured products sold to HNW morons. No one explained to Dr Bob that he was actually shorting puts, not even at good prices.

But the firms sloughed off their risk on their clients! Cause they gobbled up warrants for a 25 pt vol skew.

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**bennymac** · 03-22-2020, 03:57 PM

as a rookie when it comes to investing in individual stocks - do companies have to report first quarter earnings? does that happen at the end of this month / start of next?

And would that information not yet be 100% baked into a stock's value since this information isn't truly know until reported (except for insiders)

just looking for some hand holding through these bargain basement times

**rideit** · 03-22-2020, 04:01 PM

How long until we find a super-heavily leveraged hedge fund manager floating in the Snake?

**Cono Este** · 03-22-2020, 04:03 PM

Originally Posted by rideit

How long until we find a super-heavily leveraged hedge fund manager floating in the Snake?

Grab his Franck Muller if you find him first.

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**4matic** · 03-22-2020, 04:08 PM

Originally Posted by bennymac

as a rookie when it comes to investing in individual stocks - do companies have to report first quarter earnings? does that happen at the end of this month / start of next?

And would that information not yet be 100% baked into a stock's value since this information isn't truly know until reported (except for insiders)

just looking for some hand holding through these bargain basement times

There are exceptions but SEC requires reports quarterly or lose your listing. The problem is what are earnings? GAAP Non-GAAP. Revenue seems to be a more important metric these days. Also, there are earnings basically all the time. Just search earnings calendar.

Stock futures down the limit

**Benny Profane** · 03-22-2020, 04:09 PM

Originally Posted by Cono Este

Grab his Franck Muller if you find him first.

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And the keys to the Porsche.

**rideit** · 03-22-2020, 04:37 PM

Originally Posted by Benny Profane

And the keys to the Porsche.

Here they drive 40 YO beater Chevy trucks. And wear Carrhartts.

**Toadman** · 03-22-2020, 04:49 PM

Did somebody say, Porsche?

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took mine for its first spin of the spring.

I finally sucked it up and looked at my 401(k) this morning. Down single digits, so not too bad.

Well, the world is kind of upside down right now...

**up an down** · 03-22-2020, 04:53 PM

Coronavirus stimulus bill fails in key Senate procedural vote....https://www.cnbc.com/2020/03/22/coro...ch-a-deal.html

**TBS** · 03-22-2020, 04:58 PM

Originally Posted by bennymac

as a rookie when it comes to investing in individual stocks - do companies have to report first quarter earnings? does that happen at the end of this month / start of next?

And would that information not yet be 100% baked into a stock's value since this information isn't truly know until reported (except for insiders)

just looking for some hand holding through these bargain basement times

Companies generally report their earnings in summary about 20 days after close of quarter. Quarterly report on Form 10Q required 45 days after close.

Stock price is sorta based on consensus earnings estimates from all the analysts. Absent big shocks like Covid price won’t move much if announced earnings approximate consensus.

**Toadman** · 03-22-2020, 05:02 PM

Originally Posted by TBS

Companies generally report their earnings in summary about 20 days after close of quarter. Quarterly report on Form 10Q required 45 days after close.

Stock price is sorta based on consensus earnings estimates from all the analysts. Absent big shocks like Covid price won’t move much if announced earnings approximate consensus.

Will be interesting to see how the market reacts as the earnings get reported for Q1.

**Smoova** · 03-22-2020, 05:12 PM

Trump must be talking.

6:00 Eastern - Stock futures open
6:04 Eastern - Stock futures are limit down

**Danno** · 03-22-2020, 05:15 PM

Originally Posted by Toadman

Did somebody say, Porsche?

took mine for its first spin of the spring.

I finally sucked it up and looked at my 401(k) this morning. Down single digits, so not too bad.

Well, the world is kind of upside down right now...

Is that the Piotrowski Edition?

**rideit** · 03-22-2020, 05:27 PM

Originally Posted by Smoova

Trump must be talking.

6:00 Eastern - Stock futures open
6:04 Eastern - Stock futures are limit down

And OMG, is it fucking painful.

**TBS** · 03-22-2020, 05:38 PM

Originally Posted by Smoova

Trump must be talking.

6:00 Eastern - Stock futures open
6:04 Eastern - Stock futures are limit down

Well, he did start talking at 5:30 EDT...
Failure of senate to pass anything probably had as much impact.

And agreed Toadman, Q1 “earnings” calls are gonna be real interesting. Consensus estimates are currently “who the fuck knows” in a lot of sectors...

And healthy companies are gonna be charging some rainy day reserves against income this quarter, just ‘cause.

**Smoova** · 03-22-2020, 06:04 PM

Originally Posted by TBS

Well, he did start talking at 5:30 EDT...
Failure of senate to pass anything probably had as much impact.

And agreed Toadman, Q1 “earnings” calls are gonna be real interesting. Consensus estimates are currently “who the fuck knows” in a lot of sectors...

And healthy companies are gonna be charging some rainy day reserves against income this quarter, just ‘cause.

Decline preceded the procedural vote.

**VTeton** · 03-22-2020, 06:10 PM

I'm down but I'm still well above my invested amount. Put 20% of my cash in already. Do I throw all my cash in at Dow 15k? Do I throw a 200k heloc in at Dow 12k?

We will see where this takes us.

**Bunion 2020** · 03-22-2020, 06:14 PM

Funny, I was wondering the same thing.

Take BIG BALLZ.

**rideit** · 03-22-2020, 06:17 PM

I’m throwing in a good chunk of cash at 15.

**Cono Este** · 03-22-2020, 06:18 PM

Originally Posted by VTeton

I'm down but I'm still well above my invested amount. Put 20% of my cash in already. Do I throw all my cash in at Dow 15k? Do I throw a 200k heloc in at Dow 12k?

We will see where this takes us.

People need to first think about their income needs for the next few yrs. if your income is safe, it seems we will have at least another month of panic, in the best case scenario.

We could see Dow 15k this week.

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