Is the stock market going to tank?

**Benny Profane** · 03-09-2020, 06:47 AM

Originally Posted by huckbucket

So what are we buying today?

I'd put that stuff on hold. Imagine a few weeks from now when the NYC subway system is shut down, if you think this is bad.

**huckbucket** · 03-09-2020, 06:52 AM

Originally Posted by Benny Profane

I'd put that stuff on hold. Imagine a few weeks from now when the NYC subway system is shut down, if you think this is bad.

Don't take this the wrong way Bennie, but I've always viewed your opinion as one "extreme" end of the spectrum.

**rod9301** · 03-09-2020, 06:54 AM

Originally Posted by huckbucket

Don't take this the wrong way Bennie, but I've always viewed your opinion as one "extreme" end of the spectrum.

He's right though.

Stocks will get a lot cheaper

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**Benny Profane** · 03-09-2020, 07:11 AM

Originally Posted by huckbucket

Don't take this the wrong way Bennie, but I've always viewed your opinion as one "extreme" end of the spectrum.

Quoted. See ya in April.

**Steve Lavigne** · 03-09-2020, 07:14 AM

SPY down 7.2%. Does that mean we will probably have a 15 minute halt at the open?

**kokomas** · 03-09-2020, 07:19 AM

Originally Posted by rod9301

He's right though.

Stocks will get a lot cheaper

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x2. I don't find Benny's view extreme on NYC. And considering the base case should now be at least mild US recession, stocks could reasonably be expected to be down 30% or worse (~2400 spx) from highs if past recessions serve any guide

**Steve Lavigne** · 03-09-2020, 07:27 AM

Thank you Red Action.

**Benny Profane** · 03-09-2020, 07:37 AM

Damn.

**Benny Profane** · 03-09-2020, 07:38 AM

Wonder what Trump's handicap is after the weekend.

**The SnowShow** · 03-09-2020, 07:41 AM

Originally Posted by Benny Profane

Wonder what Trump's handicap is after the weekend.

Probably 2, given he takes gimmes on anything within 10’ and uses the ole foot wedge for a better lie on any shot off the fairway.

**k2skier112** · 03-09-2020, 07:42 AM

Originally Posted by Benny Profane

Wonder what Trump's handicap is after the weekend.

severely

**ICantLogIn** · 03-09-2020, 07:44 AM

Did they stop trading or is Robinhood down again?

**Skidog** · 03-09-2020, 07:45 AM

Originally Posted by ICantLogIn

Did they stop trading or is Robinhood down again?

Stopped. 7% tripped. 15min then on again until 13% hits

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**ICantLogIn** · 03-09-2020, 07:46 AM

Oh boi

**gravitylover** · 03-09-2020, 07:49 AM

Wooosh

**ICantLogIn** · 03-09-2020, 07:49 AM

Pre open buy was a bad idea I guess. 20% and it stops for the day?

**Mazderati** · 03-09-2020, 07:58 AM

Setting up a gofundme for donations to cover my internet bill after last week's buying. Link forthcoming.

**Skidog** · 03-09-2020, 08:04 AM

Originally Posted by ICantLogIn

Pre open buy was a bad idea I guess. 20% and it stops for the day?

I believe that is level 3 yes.

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**Meathelmet** · 03-09-2020, 08:05 AM

Originally Posted by kokomas

Yeah, Putin not acting like Trump's friend, interesting

Putin utilizing Iranian proxies to strike Saudi Oil refineries...Counting...3...2...1?

**Steve Lavigne** · 03-09-2020, 08:06 AM

Originally Posted by Steve Lavigne

Will probably scalp a short covering rally on oil equities tomorrow morning at the open.

XOM popped $2 after the halt, but I ended up with a nice scalp on AMD instead.

**Cono Este** · 03-09-2020, 08:19 AM

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**swissiphic** · 03-09-2020, 08:35 AM

I have faith in the long term.

Q is when to buy the 3x leveraged oil bull etf?

**rod9301** · 03-09-2020, 08:46 AM

Originally Posted by swissiphic

I have faith in the long term.

Q is when to buy the 3x leveraged oil bull etf?

I hope you're joking, the 3x etfs are toxic.

Instead, buy calls of you think it will go up.

I bought some mlp s without debt, and a bit of xom

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**rod9301** · 03-09-2020, 08:46 AM

Originally Posted by rod9301

I hope you're joking, the 3x etfs are toxic.

Instead, buy calls of you think it will go up.

I bought some mlp s without debt, and a bit of xom

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And of course Russia again

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**SkiCougar** · 03-09-2020, 08:53 AM

Originally Posted by rod9301

I hope you're joking, the 3x etfs are toxic.

Instead, buy calls of you think it will go up.

I bought some mlp s without debt, and a bit of xom

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second,

although I am in them on the short side currently, I am using them mostly as a hedge vs. my 401k money that I cannot move very easily.

going a 3x long for anything more than a day trade here is bad, the bad economic numbers are beginning not about to end