Short everything

[misterkel]

So WHAT if there will be 10K deaths by April? Fer CRYING OUT LOUD, does nobody realize that people die from lots of other viral illnesses every year?!?

If we had implemented this level of quarantine on Influenza-A each year for the past two decades? We'd have NO flu deaths. Holy shit!

I know, right? 40-50k deaths annually in US, 500k globally from every flu. Why are we freaking out over this?
Something else is up. I'll say it again - This version of the Coronavirus is fear porn.

 

[Cabin111]

Walmart's range this year...52 Week Range 96.79 - 128.08 It closed on a down day at $109.58
Macy's range this year...52 Week Range 4.73 - 26.33 It closed at $5.53
J. C. Penny's range this year...52 Week Range 0.3600 - 1.5100 It closed at 38 cents.

Why is Walmart priced where it is?? Yeah, stocks are tanking...But the basics will remain as they did in 1987, 2001 tech bubble, 2008-9. Radio Shack, Blockbuster, Circuit City are gone...The sky is falling!!

I see UPS, Fed Ex, and Amazon driving everywhere...Yeah, I know it's because of the virus. Yet times are changing...People will adapt. I am waiting for a junior (community) college to roll out an AS degree in robotic technician. In 5 years we should see robots everywhere. We will see many people changing fields over the years. The demand for truck drivers is HUGE!! I have a BA from a university in California...For 10 years I became a unionized security guard. It wasn't for the pay!! I really would have done it for NO PAY (pre Obamacare). It was the benefits package. People will adjust and find new ways to make a living...And spend their money...

This story came out BEFORE the Covid-19 scare...

https://www.google.com/url?sa=t&rct...ia-2019-2020&usg=AOvVaw2fovvHFDuCt7Scedgfwl8C

 

[Nine_Ender]

What are you smoking to be long right now? There will be 10k deaths in USA at the current rate by early April. It is 9/11 times 10 or times 100. Stop playing a knee-jerk contrarian. Stop drawing lines on a chart. Look at reality. Companies are not paying rent, laying off workers. Those workers will stop buying products. It will be a negative negative cycle. It is economics not technicals.

Plenty of opportunities in both directions. TSX in particular had plenty of long opportunities short term off the floor ( old floor from years ago was 11600-11900 went to 11200 for a day on Monday ).You can play the range short term in Canada. I really like Canadian mining sector long here. BMO in $60 area and TD in $50 area are long term bargains also very tradeable in recent weeks ( huge predictable daily swings ). Tuesday was my most lucrative win day in years, made back every dollar I lost ytd in two days. Meanwhile I've been coaching a family member who is cash rich how to do extremely well buying quality stocks and special opps like shorting US indexes or buying gold miners. Mixed strategies are most appropriate now. Also important to decide what you want to hold long term and start building those positions on the bad dips.

Canadian markets sold off far more then most markets even though we have relatively less virus exposure and risks. Further, an already smashed energy sector and how gold miners usually do in a crisis makes the TSX very interesting, similar to 2009 in nature. Canadians in general are less risk tolerant and overreacted swiftly to the crisis on the stock market.

Note I posted my bottom calls on the TSX, BMO, and TD. Two of them broke those calls for a day but rebounded hard the next morning. I believe in these levels long term as a floor to reference, and that the 11200 level on the TSX and $56 price on BMO was unsustainable overkill. Guess we'll find out I'm not concerned on the Canadian side on risk maximum damage already occurred to most stock prices imo. US is far less certain.

In terms of what people want to believe on here it doesn't matter to me, I've been focused on all the opportunities and making good solid decisions that will pay off long term. I posted the calls to ensure people are clear what my framework is now; I have no clue what US markets will do short term at all.

 

[Cabin111]

Plenty of opportunities in both directions. TSX in particular had plenty of long opportunities short term off the floor ( old floor from years ago was 11600-11900 went to 11200 for a day on Monday ).You can play the range short term in Canada. I really like Canadian mining sector long here. BMO in $60 area and TD in $50 area are long term bargains also very tradeable in recent weeks ( huge predictable daily swings ). Tuesday was my most lucrative win day in years, made back every dollar I lost ytd in two days. Meanwhile I've been coaching a family member who is cash rich how to do extremely well buying quality stocks and special opps like shorting US indexes or buying gold miners. Mixed strategies are most appropriate now. Also important to decide what you want to hold long term and start building those positions on the bad dips.

Canadian markets sold off far more then most markets even though we have relatively less virus exposure and risks. Further, an already smashed energy sector and how gold miners usually do in a crisis makes the TSX very interesting, similar to 2009 in nature. Canadians in general are less risk tolerant and overreacted swiftly to the crisis on the stock market.

Note I posted my bottom calls on the TSX, BMO, and TD. Two of them broke those calls for a day but rebounded hard the next morning. I believe in these levels long term as a floor to reference, and that the 11200 level on the TSX and $56 price on BMO was unsustainable overkill. Guess we'll find out I'm not concerned on the Canadian side on risk maximum damage already occurred to most stock prices imo. US is far less certain.

In terms of what people want to believe on here it doesn't matter to me, I've been focused on all the opportunities and making good solid decisions that will pay off long term. I posted the calls to ensure people are clear what my framework is now; I have no clue what US markets will do short term at all.

What about something like RING...Spread the risk.

 

[ionone]

why?

that is ridiculous

what is going to make it go up?

hot air ?

there is no liquidity.

gold is always the refuge asset.
smart people have sold their indexes long time ago and will buy gold now or soon.

gold value can't depreciate. At worst it will stay the same i think (not a financial advice)

 

[padutrader]

gold is always the refuge asset.
smart people have sold their indexes long time ago and will buy gold now or soon.

gold value can't depreciate. At worst it will stay the same i think (not a financial advice)

that is not what i have observed
something may have value but if not enough people have money-liquidity- to buy it, then that too will fall.
there is no money.

 

[hhiusa]

Yeah. Gold is not a convenient asset. If you invest indirectly, you have to have money to spare while that sits, hedging. If you hold gold bars, that will lack even more convenience. It's not like you'll pay for groceries in gold.

In short, only a small amount of people could afford to do that because most need cash on hand, inflation be damned. If only a small few can do it, then like @padutrader says, it will be shunned and the value will drop.

 

[noddyboy]

The reality on the ground says SELL. The only reason is the "don't panic" crowd. But sometimes panic is the correct action. Who says it is always wrong to panic? Sometimes you panic and it kept you safe while the fire burns down the theatre.

 

[noddyboy]

Now that the numbers in NY are getting better, I end this short call and take profits.

 

[Cuddles]

Now that the numbers in NY are getting better, I end this short call and take profits.

What profits? Your call was to "short everything" on the 26th when SPY was 250 & now you "end this short call" at 260?