Investing General Discussion

No safe havens today. I will be surprised to see anything in the SP500 in the green today. TSLA picked a bad day to beat expectations on deliveries. The real question for me is if the market can find a floor and stabilize. Hopefully support levels hold.

PLTR

Palantir Technologies Bags $36 Million Contract
07:29 AM EDT, 10/02/2020 (MT Newswires) -- Palantir Technologies(PLTR) said early on Friday it was awarded a $36 million, one-year contract from the National Center for Advancing Translational Sciences for enterprise data integration and data management.

The indefinite delivery, indefinite quantity contract is for supporting the NCATS' Secure Scientific Platforms Environment, according to a statement. The SSPE supports critical health missions through the integration, management, security, and analysis of any kind of scientific data.

LachiusTZ said:

I dont even want to look

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Don't. Jobs numbers were underwhelming also. It could be shaping up to be a very bloody Friday. I can easily see -3 to -4 % before the day is done.

Only 6% advancers in the NYSE and 8% on the Nasdaq at the open.

Crude down 5%
XOM threatening to break $30
CVX under $70

Locnar said:

Pelosi saying stimulus looking better and at the very least a separate package for airlines almost guaranteed. Travel mooning on the news. (thank the lord, because I got margins to pay off from my PLTR lust)

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Some staffer just told Nancy those 100,000 or so airline workers about to get shitcanned are all union employees. Bingo, standalone airline bailout bill. They are nothing if not predictable.

Khane said:

I think it's pretty safe to say at this point, the market doesn't care about COVID-19

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I think the majority of today is about the weak job numbers. Once they said the symptoms were mild the coronoa worry lessened on the market. Less than 700k jobs recovered is big though.

Falstaff said:

I mean, you think the opposite doesn't happen? Some staffer just told McConnell that if they don't do X all the donations are gonna dry up!

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Of course it happens. I'm just pointing this out as she has refused to curve out anything from the 2+ trillion omnibus bill.

Fucking TSLA. I knew I should have stuck to my +5% / -5% strategy but I got greedy ahead of the delivery numbers and held it after I was up almost 7%.

What do I keep saying about pigs and hogs?

I had hoped for a big infrastructure bill to push industrials and the like up biggly. Then Coronachan got us printing trillions for "survival" and I now don't see an appetite for a big infrastructure bill in the future. Fuck our roads and bridges.