Anything Can Happen™

[Gaslight Capital]

I need it to crap out at the open tomorrow.

You need $ROKU to crap out at the open? Are you short the stock or long puts? Or short calls?

Anything can happen. I'd wish you luck but I'm long. But g'luck anyway. Maybe we both make money.

 

[Gaslight Capital]

I’m thinking for than 30 minutes.

Time is an underappreciated factor among traders of the ES.

 

[SammyJ]

I’m thinking by the time we hit a 9/11 dieing every day we’ll be at 3800 . The more deaths and business shutdowns the higher we go . Wall Street only looks over the Valleys wether it’s 1-2 yrs out . Learn the rules and prosper .

 

[Gaslight Capital]

I’m thinking by the time we hit a 9/11 dieing every day we’ll be at 3800

I like that $3800 number and while I do think we are nearing a decent pullback, I think we get there first. Looking for $3820's by Christmas I am.

 

[ElCubano]

You need $ROKU to crap out at the open? Are you short the stock or long puts? Or short calls?

Anything can happen. I'd wish you luck but I'm long. But g'luck anyway. Maybe we both make money.

Short the stock @ 260.93 have order to close at 256.70

 

[Gaslight Capital]

Short the stock @ 260.93 have order to close at 256.70

We could easily both make money as your exit would be a test of the break out.

G'luck!

 

[Gaslight Capital]

I may be taking a new position in $JKS tomorrow ...

 

[vanzandt]

I may be taking a new position in $JKS tomorrow ...

View attachment 244679

Hmmmmm.

I dunno. It sure wouldn't go in the granny portfolio just yet.
On this... watch the volume.
If it spikes go all in. But get out quick.
And if its anemic tomorrow... don't touch it.
jmho.

 

[BeautifulStranger]

I’m thinking by the time we hit a 9/11 dieing every day we’ll be at 3800 . The more deaths and business shutdowns the higher we go . Wall Street only looks over the Valleys wether it’s 1-2 yrs out . Learn the rules and prosper .

Dead people don’t buy stuff. More significantly is scared people tend to spend less, especially on decretionary spending, including travel. Further, there is a multiplier effect because businesses buy things from other businesses and have employees to keep busy. Adding another shutdown to already hard hit industries is a recipe for long term business and demand destruction.

Ever more QE will inevitably be less effective as productivity drops. In my opinion, we risk our economic base being reduced to food, toiletries, clothes, smartphones, and not much else as net purchasing power is reduced for most people.

As far as the equity markets are concerned, it may come down to people deciding to cash in their retirement account to beat almost certain price increases for basic goods versus uncertainty whether the equities markets can keep up with purchasing power reductions.

The policy decisions and events leading up to the above scenario may not happen. Even then, it may not play out the way I’m suggesting. However, consider relatively recently prosperous South American countries and their current economic conditions. “Once you break the model”, it is all downhill from there. Consider the case of Argentina and or Venezuela. There is a thread from a few years ago on ET that discusses what living was like during an economic collapse and what items became valued, such as oral hygiene products, 14 karat gold rings for currency, and good neighbors.

Bottom line, don’t become complacent and assume there can be no pain ahead.

 

[SammyJ]

Dead people don’t buy stuff. More significantly is scared people tend to spend less, especially on decretionary spending, including travel. Further, there is a multiplier effect because businesses buy things from other businesses and have employees to keep busy. Adding another shutdown to already hard hit industries is a recipe for long term business and demand destruction.

Ever more QE will inevitably be less effective as productivity drops. In my opinion, we risk our economic base being reduced to food, toiletries, clothes, smartphones, and not much else as net purchasing power is reduced for most people.

As far as the equity markets are concerned, it may come down to people deciding to cash in their retirement account to beat almost certain price increases for basic goods versus uncertainty whether the equities markets can keep up with purchasing power reductions.

The policy decisions and events leading up to the above scenario may not happen. Even then, it may not play out the way I’m suggesting. However, consider relatively recently prosperous South American countries and their current economic conditions. “Once you break the model”, it is all downhill from there. Consider the case of Argentina and or Venezuela. There is a thread from a few years ago on ET that discusses what living was like during an economic collapse and what items became valued, such as oral hygiene products, 14 karat gold rings for currency, and good neighbors.

Bottom line, don’t become complacent and assume there can be no pain ahead.

I’m in 100% agreement economic pain is ahead . But like we’ve seen for 8 months now mkts can and will go higher as printed money chase’s movement and returns . The days of analyzing future business trends and using future earnings models is long gone . In reality we had a 2 month bear mkt after a 10 yr bull mkt . This will be the 12 straight up in the S&P i believe .