That's what I thought too, and I figured the debt downgrades would exacerbate the downturn. So what am I missing in the current market? I anticipated expectations for a stimulus to push the market higher last week. What is the market anticipating right now, a quick return to normalcy? People...
I'm not feeling so Elite today. WTF is going on? This contagion isn't even close to being over, and the market is partying like it's 2017 again. I expected a rally, but even this is beyond what I anticipated.
You may be right on personal debt, but corporate debt is at an all-time high due to low interest rates maintained by the Fed for far too long. Many companies are BBB...one level above junk. Impaired cash flow will likely be enough to push them over the edge, into junk status. If they have...
Trump would be just shooting himself in the foot if he doesn't heed guidance of medical professionals on this thing. If people return to work prematurely and the infection resumes spreading, it's just going to push a recovery further out.
Depends on what happens between now and then...if consumer confidence recovers, great comeback. If people fall behind on bills and can't find employment quickly, huge drag on the recovery, akin to 2008.
I heard 2.5M. I'm wondering if it's going to be even worse, because this number is already on the street. Why the herculean effort to pass a stimulus before the number comes out? Why does the Fed choose this morning to do more QE...what changed between last Thursday and today?
How bad are the unemployment numbers? Trump is trying to get a stimulus through before unemployment claims come out on Thursday. The administration asked states not to release the data. What's really going on?
Staying short, volatility be damned. Everytime I try to trade a small bounce, I have to chase the market back down. Been doing well so far, but watching the dailys isn't even worth it. This market is bottomless.
Everyone waiting on the bailout. I anticipate a nice, if brief bounce, then more drops. Can't wait to see what happens when job numbers come out. Ditching my short-term puts and rolling out to longer terms. Dropping IV is messing with my profits.