Is the stock market going to tank?

[liv2ski]

This comment gave me a laugh: "Nothing says BTFD like the worst jobs data in US history..."

[huckbucket]

Feels like a suckers market. Either that or I'm just too dum to know wtf is up.

[Timberridge]

Feels like a suckers market. Either that or I'm just too dum to know wtf is up.

Understand this. When the Fed announces they are throwing a party, you want to attend. And this is the biggest party they have ever thrown. Sure, it will end sometime, just don't get too greedy.

[m2711c]

the stock market is not the economy, and the economy is not the stock market.....

[Timberridge]

That too.

[Benny Profane]

X

[BobMc]

Camping World's earnings report came out looking good after hours yesterday. Bought it 4/13 at $7.22, sold it last night after hours for $13.30, score! Picked up Bed Bath and Beyond this morning, hoping for a score on that as well.

[huckbucket]

Understand this. When the Fed announces they are throwing a party, you want to attend. And this is the biggest party they have ever thrown. Sure, it will end sometime, just don't get too greedy.

Who's in charge of looking out for the cops?

[Timberridge]

X

Think of the Fed as Acme and they have a warehouse full of strap on rockets and coyote size slingshots.

[Benny Profane]

I'm just waiting until he hits the ground, before he visits that warehouse.

[Timberridge]

Who's in charge of looking out for the cops?

Benny and NCskier?

[skaredshtles]

Yup same here. All them tape backups.

We still do.

[dunfree]

14.7% unemployment. Thought it would be much higher given the number of new claims in April.

U6 is ~23%. An extra 4 million between March & April.

[iceman]

Camping World's earnings report came out looking good after hours yesterday. Bought it 4/13 at $7.22, sold it last night after hours for $13.30, score! Picked up Bed Bath and Beyond this morning, hoping for a score on that as well.

nice work. What's the thought process on BB&B?

[BobMc]

nice work. What's the thought process on BB&B?

Battered by the Covids, they've transitioned to on-line sales and moved their physical stores into fullfillment centers. It was trading in the mid to high teens before this started and now they seem to be handling it pretty well, picking it up for just under $6.00.

[ncskier]

Battered by the Covids, they've transitioned to on-line sales and moved their physical stores into fullfillment centers. It was trading in the mid to high teens before this started and now they seem to be handling it pretty well, picking it up for just under $6.00.

They would probably do pretty well. I had to replace a toaster and they shipped fast and had what was needed and shipped fast.I can see them doing ok with more folks staring at the same crap in their house for months on end or the splurging on new pillows or something.

[LeeLau]

Battered by the Covids, they've transitioned to on-line sales and moved their physical stores into fullfillment centers. It was trading in the mid to high teens before this started and now they seem to be handling it pretty well, picking it up for just under $6.00.

I'd say you have a pretty good handle on this fwiw. Refreshing to see patience and a well thought out theses.

[Bobby Finstock]

Camping World's earnings report came out looking good after hours yesterday. Bought it 4/13 at $7.22, sold it last night after hours for $13.30, score! Picked up Bed Bath and Beyond this morning, hoping for a score on that as well.

What's your plan to avoid short term cap gains?

[4matic]

What's your plan to avoid short term cap gains?

Taxed as regular income so depends on your individual tax rate.

[ncskier]

What's your plan to avoid short term cap gains?

I'd rather 50% of something than 100% of nothing.

[Ted Striker]

Exactly. Paying tax means you made money.

[Timberridge]

What's your plan to avoid short term cap gains?

I like to offset them with short term cap losses.

[Benny Profane]

Exactly. Paying tax means you made money.

Not for the oligarchs.

[ncskier]

Benny and NCskier?

I'm no permabear like Bennie. I like the fed's punchbowl, I just didn't think it would hold up given these circumstances. I got out of all stocks at much higher level, i nibbled in late march, but I never expected so much to come so far and so fast. Makes me nervous that's all

[Timberridge]

If it was a punchbowl in '08, it's now an entire Kentucky bourbon distillery rickhouse.