Pops
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Investing General Discussion
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Pops
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The more things change the they remain the same Took 2 hours to process an order in 1987. They just made up prices at the end of the day in many OTC stocks. Fucking guy in my office swapped 1 miillion share block with his clients with a point . Fidelity isn't printing my open buys.
Blazin
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That would be the market maker not Fidelity.
Liking that we didn't hit the 7% breaker just showing some degree of calming, and now bouncing off those lows. Some increasing confidence that the market wants to make a stand at this level at least for a little.
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Blazin
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For all you crazy single name risk takers, I like DocuSign (DOCU). I have used them on contracts several times and believed then they are going to continue to grow, now this crisis only improves their future outlook. I really wish it was getting hit harder than it has (Down from $92.55 to mid $60s). Just a very small 100 share play to have fun watching double in the next 3 yrs.
Pops
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Furry
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I feel like we're seeing all the mistakes of the great depression again. I'm starting to lean to a possibility of markets going below 10(!!!!)k and huge problems in the monetary system as a whole. What's going to really hurt is buying back in as stocks are tumbling. Long term your money will be safest in stocks, especially if you are a 15+ year investor. I am going to buy in well before that bottom though, because I see some scary stuff on the horizon if liquidity truly implodes, and I don't want my cash and bonds caught in that.
Furry
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I predicted a 20% slide with a 4 year recovery window starting march back in january and have slowly worsened my outlook as things have gone.
Blazin
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Sure, could happen. We are however at a logical stopping pt, credit spreads have blown out to the same level as 2011 and 2016. A level that is scary and things look like they are about to fall apart, and as those periods showed us they didn't. It's why calming right now is so critical. It's under stress, actions are being taken and it will hold if sufficient action is taken quickly enough. It certainly could fall apart and cascade and then we have a multiyear problem, but I continue to try to keep an open mind that our worst fears are not guaranteed outcomes and more often than not they are overblown.
ver_21
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SeanDoe1z1
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“The moment you send everyone home for Spring Break and close the borders, the infection rate will plummet, the stock market will soar, and the clouds will lift,” Ackman wrote.
I've got some more hopium he can buy.
Investor Bill Ackman advises Trump to shut down the country, saying stock market 'will soar'
Longtime hedge fund manager Bill Ackman advised President Donald Trump on efforts to protect Americans and the U.S. economy.
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