Is the stock market going to tank?

[LeeLau]

On the fragility of mREITs and commercial mortgage markets. The swaps used to hedge by mREITs are probably the recipients of the margin calls


https://finance.yahoo.com/news/real-...230309693.html

[Benny Profane]

Problem is we all have our pet projects. Don’t be surprised it also helps our beloved ski areas as well.

I suspect that's why Vail reported such losses the other day, which doesn't make much sense because the season was almost over. They're jumping on the "Hotels and travel industry" fucked bandwagon, making it easier for Trump to bail his own business out, which he will, of course. It's his major concern right now. Not us.

[dunfree]

Problem is we all have our pet projects. Don’t be surprised it also helps our beloved ski areas as well. I’m just saying supporting people is ok, picking winners and losers is ridiculous. Museums can close it their employees get extended unemployment. Instead it will be a slush fund same as wwe, Ford and Boeing. Just because one has perceived cultural value doesn’t make it any more wrong or right.


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museums & the arts are a business. They & restaurants were directly affected by government’s decision to prohibit their existing form of operation. Other businesses, not so much.

Andrew Mellon was a liquidationist dipshit that inflected untold misery on the US as Secretary of Treasury at the beginning of th3 depression.

[up an down]

https://www.bloomberg.com/news/artic...rnd=markets-vp. Traders Pour $1 Billion Into Biggest Credit ETF to Front-Run Fed

[Toadman]

Under the House bill, all individuals with a Social Security number, including retirees and the unemployed, would receive $1,500, compared with $1,200 for taxpayers in the Senate bill.

But households with 2020 income over $150,000 for a joint filer, $112,500 for a head of household filer, and $75,000 for a single filer will be required to pay back part or all of the assistance payment over three years. For these households, the payment is a zero-interest loan.

Both bills would boost unemployment checks by $600 per week and expand the pool of people who qualify.

The legislation would authorize the Federal Reserve to purchase state and local government bonds to bolster resources needed to fight the coronavirus outbreak. The House bill would also send $60 billion to schools and universities.

Well, I don't need a $1,500 zero interest loan from the gov't. Let's pass the bill and find out what's in it later...

[ncskier]

Dead cat bounce? What says the sage collective


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[Toadman]

https://ofdollarsanddata.com/buying-during-a-crisis/

Interesting. If I read this correctly, what the author is saying is to buy low, and sell high. I know one of these days I will get it right.

[Toadman]

Dead cat bounce? What says the sage collective


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Man, if I knew the answer to that question...

With Trump running the show, who knows. He could tell America, to just get back to work, but I think state governors would just ignore him.

[406]

I would think unemployment numbers and earnings reports will take out previous 52 week low. Places with "recession proof" type jobs are laying off large amount of people. Plus seems to be no slow down in number of cases in most of the US.

[liv2ski]

My oldest works for Morgan Stanley's Wealth division and she called me yesterday to say her FA thought Monday was the bottom, but I agree with 406, this shit has further to go down.

[4matic]

Employers no longer will feel the need to hang on to marginal staff due to previously tight labor markets so layoffs will be good for poor earnings.

[4matic]

My oldest works for Morgan Stanley's Wealth division and she called me yesterday to say her FA thought Monday was the bottom, but I agree with 406, this shit has further to go down.

It’s always a good time to buy for a MS broker. Did he say sell a month ago? If not why not? I suspect it was hold for the long term all the way down.

[mcsquared]

It’s always a good time to buy for a MS broker. Did he say sell a month ago? If not why not? I suspect it was hold for the long term all the way down.

Exactly. How many times has he called the bottom?

[Ted Striker]

It’s always a good time to buy for a MS broker. Did he say sell a month ago? If not why not? I suspect it was hold for the long term all the way down.

My thoughts exactly.

[geo039]

Moving more than ever into cash.......why not?

[Lvovsky]

Dead cat bounce? What says the sage collective


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yep. but the cat is not dead yet. it'll bounce few more times before the new and alive cat will come along.

[Benny Profane]

Well, Roubini was right about the 40% drop in equities (well, almost at 35%), so let's see what happy predictions he has for us now:

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

[skaredshtles]

I suppose now we're going to have to hear about the "biggest day ever in the history of the stock market", right?

[Benny Profane]

He'll autograph it for you if you ask.

[jackstraw]

Sell now. No wait, buy now. No, sell. Yeah, definitely sell.

[Meathelmet]

Dead cat bounce? What says the sage collective

Lets see:

- Unemployment numbers on wed?
- New UK/Euro curfews & closures, up until end of May?
- India 3 week curfew? Riots, anyone?
- New US Eastcoast infection numbers?
- Dr.Fauci fired and general asshattery in the WH?

What could go wrong?

[ncskier]

Lets see:

- Unemployment numbers on wed?
- New UK/Euro curfews & closures, up until end of May?
- India 3 week curfew? Riots, anyone?
- New US Eastcoast infection numbers?
- Dr.Fauci fired and general asshattery in the WH?

What could go wrong?

So very true. Most people here dump on the south and Charlotte, but it’s headquarters to some of the largest banks in the country. It just went on a 21 day lockdown as well. I know the markets are forward looking, but if I didn’t dump a shot ton of positions in mid February id take this bounce to exit for a while.
I’ll probably be wrong, but I’d prefer to be wrong in this case

[Benny Profane]

It's cool. Trump is bailing out Boeing and the cruise industry. Buy now, we're back to work by Easter.

Roll away that stone!

[4matic]

it’s headquarters to some of the largest banks in the country.

[jackstraw]

It's cool. Trump is bailing out Boeing and the cruise industry. Buy now, we're back to work by Easter.

Roll away that stone!

Oh yeah! Mass General is out of masks, but that's ok. The pandemic is over. The economy wins!