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Hardly. If a depression were price in, the Dow would be <5000. The markets are running on the premise that Covid will ultimately be no big deal and soon be over. Doubt it.

Sorry, but no sympathy. Their high margins are in part to protect all from know-nothing-noobs who will likely get into trouble if their leverage is not throttled*. If you want higher leverage than IB allows, you'll just have to look elsewhere. (Personally, I think IB is completely...

Saw a story where some oil at auction went for -$.19/bbl. That is, the buyer was PAID to take the oil off of seller's hands. (Probably to make room for higher price product, but still... )

My sense is that universal accounts are uncommon. It takes a LOT of resources and back office to support universal. Not many brokers want to go to all that hassle. That IB has "high" margins is a good thing for the safety of both customer and firm... tries to steer away from "excess"...

Bankruptcy... at the speed of light?

Could end up like buying Bitcoin @ $.15, and having it sky to $20,000! You'd like that, wouldn't you?

Yes. All possible. But you're betting they don't completely wipe out and the stock goes to zero... after all, there is a reason the stock has sold down to where it is.... but is it just "really bad for now" or is it fatal?

You might want to put CHK on your watch list. It would be like a "cheap option with no expiration date". The oil war won't rage forever. I remember when Mini Scribe (HDD maker offshoot of IBM?) traded down to $.31, and a couple of years later, $80.

Have you seen the pics of people sticking feminine hygiene pads onto their face? Can't help but laugh, but still an aerosol filter.

1. The bear markets of US 1929-1932, and the Nas 2000-2003 took the same form. I'm thinking an Elliot Wave A-B-C... with a long and destructive "C" wave. 2. The Nikki from 1989, took more of an impulse, "5-waves down" form. 3. What they all have in common is that the 1st leg down took the...

She knows nothing. She's a mouthpiece for a political group... selected from a "casting call".

This is one of the forms a big bear market is likely to take. All investors should keep this in mind.

As the jobless claims number was forecast to be 1.6MM and turned out to be 3.2MM, I think the market went, "Whee! Worse than expected means EVEN MORE STIMULUS... YEA!"

Maybe not. Maybe there will be no wealth to be redistributed. If they print "enough" money, most everybody's wealth will become dust. (That's the unthinkable, of course.... mostly because nobody dares think it.... but it has happened many times before).

“In Goethe’s 1831 drama Faust, the devil persuades a bankrupt emperor to print and spend vast quantities of paper money as a short-term fix for his country’s fiscal problems. As a consequence, the empire ultimately unravels and descends into chaos. Today, governments that have relied upon...

If the rest of the world senses, "things are CRAP in America, compared to other countries"... they will sell the $USD. If the rest of the world senses, "$USD is the cleanest dirty shirt" (other countries hosing their currency worse that we are hosing ours)... money will flow into the $USD.

Taxes aren't really the issue. No taxes/penalty for CVD, no premature distribution penalty.... so long as the loan is repaid within 3 years. Unless you need the money for living expenses, probably shouldn't take a loan. (Thinking you might borrow the money and invest it for 3 years?)

Maybe virus victims and China doesn't want to admit it?

Renaissance... and other professional "front-runners".

How to trade in a bear market? Carefully... like making love with a porcupine. :)