This is the end. We are witnessing collapse of the global economy

[murray t turtle]

It's simple, really. Close the federal government. Without the government in the way, regulating and taxing everything, the free market can be free to do what it does best - solve problems, produce stuff, move products, sell things, provide services. Free markets always do that. Governments get in the way. Remove governments, and free markets will provide everything the world needs, quickly and efficiently, and they will provide jobs and make a profit.

%%
The markets did uptrend well when the US gov got shut down last time.
DAL is only down about 44% ytd, so maybe that gov loan explains the 00.40 cent upmove.??
As far as DAL blaming the virus, thats possible, but does not explain their earlier bankruptcy,with no virus.

Tech stocks/ETFs + LUV are doing much better.
So maybe there is an advantage to not taking gov loans + not going bankrupt when there was no virus??
Our conservative run state did well this year on sales tax, so I dont know what happens if the gov does not give them more money?? LOL...……………………………………………………………………………………………….

 

[KCalhoun]

I'm still waiting impatiently for a market drop. Next week's banking earnings releases will be a potential trigger.

So many negatives re stim bill stalemate, China trade conflict, covid escalates, election, unemployment etc

Ar least inverses are down again, looking for pivots SQQQ TZA UVXY SDOW etc, or upside in solars and cannabis next week

 

[Overnight]

I'm still waiting impatiently for a market drop. Next week's banking earnings releases will be a potential trigger...

What to you is a market drop?

Please define it. So September was not one? How about March of this year? Q4 2018? At what point will you be satisfied the "market has dropped"?

 

[KCalhoun]

What to you is a market drop?

Please define it. So September was not one? How about March of this year? Q4 2018? At what point will you be satisfied the "market has dropped"?

Hi, as I have posted at least 6x I am using S&P < 3000 as key support, along w VIX breakout

 

[formikatrading]

Valid question, Overnight!

What to you is a market drop?

Please define it. So September was not one? How about March of this year? Q4 2018? At what point will you be satisfied the "market has dropped"?

 

[murray t turtle]

I'm still waiting impatiently for a market drop. Next week's banking earnings releases will be a potential trigger.

So many negatives re stim bill stalemate, China trade conflict, covid escalates, election, unemployment etc

Ar least inverses are down again, looking for pivots SQQQ TZA UVXY SDOW etc, or upside in solars and cannabis next week

%%
TECS went up a bit, on the gap;
but as of 9;27 CST, may not have time to trade it/ because ofscaling in orders/long tech ETFs
A quick trader could have gotten some good change.

 

[piezoe]

how the hell will we get out of this mess?

one way, probably, would be for 100% of the population to consistently wear a mask and wash their hands for about 8 to 9 weeks. Then the infection rate should drop below 1 and we can almost go back to business as usual.

 

[piezoe]

I am genuinely curious, how the hell will we get out of this mess?

The current economy is heavily consumer based, and pretty much everything that has to do with consumers has literally DIED overnight.

Restaurants DEAD
Pubs DEAD
Aviation DEAD
Travelling DEAD
Cruiseships DEAD
Shopping DEAD

And pretty much every business is running on debt. The cashflow went from the highest it's ever been to 0. ZERO. NULL. NADA!!!!


How can the economy keep running?

I guess the best we can do is try to keep the infections at a minimum and try to restore things to normal, but the outlook is not bright until summer (it seems like the virus is likely to be seasonal), and then it could come back the next year.

It's going to be a tough 1-2 year before a vaccine comes out, i tell you that. And even afterwards... It's going to be very hard to get the economy back on it's feet. I assume governments will start printing enormous amounts of money, potentially causing inflation and at the same time, the assets could be in deflation since the supply could overheat the market(everyone looking to sell at the same time, without any buyers).

Any ideas? How the F# will the economy sustain itself?

I realize it is a little late to to be bringing this up, but of course we could have done what the other countries did that successfully beat the virus, i.e., have had a nationally coordinated effort based on Science starting last January. Oh well.

 

[HeSaidSheSaid]

NASDAQ +32.2% Vs Small cap Index -1.9%: a sign of aging bull market. (small cap index is not leading).

 

[xappppp]

Capital is concentrated in blue chips large tech. This is a sign of risk