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Off-Topic Stock Market & Crypto Discussion

CFLCane said:
A. The first drop was fear and then fueled by long squeezes. The second drop will be fundamentals. The fundamentals while obviously ****** to literally anyone with eyes or ears haven't had a full quarter to materialize. Companies have suspended future guidance to avoid having to show their hand. The FED won't be able to print money for eternity. Then we'll have to fight through a commercial real estate recession, municipal bankruptcies, and a MOUNTAIN of new added health care debt/reform. Oh ya and likely close to 30 trillion federal debt.

B.

What i'm buying now
China tech etf
China consumer etf
Steel (via Nucor)
Gold, lots of it. Since march 2019 and likely for the next 1-2 years.
Silver
Platinum
Rare Earth
Metal Streamers (mining royalty companies, mainly precious)
Barrick, Newmont, Wheaton (larger precious metal mining firms)

What i will be buying after the fundamentals dip
Copper
Semiconductors, ALL of them. But especially Nvidia, AMD, Intel, Qcom, Bcom, Lam, Skyworks, Taiwan Semi.
Robotics ETF. I haven't done my sector research here for individuals.
Biotech
Aerospace defense MFG's
The streamers. Netflix, Disney etc.
Citibank, BOA, JP Morgan

Also no better time to take advantage of vehicles at 0% 84months and a house refinance or real estate purchase.

This picture pretty much sums up market sentiment imo.

View attachment 116513
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Some good advice in there but you sound like you think US is going to take a hard fall. That could well be but one trend has clear the last few years: When the sh*t hits the fan in US then strangely Treasuries and then US equities go up. The world understands the it depends on and revolves around us -- htey hate that fact but love the free ride they have gotten for years. In many ways, we are Rome on growth hormones. We are the safe haven the Goths desired to protect them from the Huns. Then bot destroyed Rome and the Dark Ages resulted.

World has grown so dependent on us that whenever danger( risk) jumps anywhere, capital flees to US instruments. We are the safe haven regardless of how dangerous it is to invest in US. If we go, the world goes with us.

I ton during the 2008 mess and again betting on the Trump bull run. I did go to cash early but it was a lot of cash. To me the market is the greatest Casino in the world and it is fixed. I did by a little when virus and oil took markets down but got back out with smaller profits than if I held. To day, I am sitting on all cash because I am clueless as to what to expect next. I do believe Trump wins big in November so if market takes dive a little later this summer, I might dip in but I am content to sit tight.

My wife was bored so I told her to play the market. She is real smart with total different risk profile so I sent her in. First purchases we oil related just before the oil war and virus exploded. Opps. But she held and is almost back to even with 70% still in cash.

I would be resistant to China type investments. Full blow trade war, which China cannot win, might be coming. I give it a least 40% chance of happening. Let's see what the week brings on all those purchases they are suppose to be making for the trade deal. I believe Trump has concluded they intentionally shielded themselves from the virus while intentionally letting international travel carry it to the world. That translates to them being responsible for 10s of thousand of American deaths. Like Trump or hate him, his reaction to someone killing Americans has been clear. Those trade purchases could be the only thing holding him back. I would not be long term in China. Some short term investments are fine but don't bet against the US -- I think Buffet had said that often.

I'm not slick enough to pick the winners and losers short term. Long term, if you thing Trump wins re-election invest US and ditch China. If you think Biden is going to win, sell US hard and load up on China. As always, a little hedging is not bad idea. Anyway you cut it, these are exciting times for investments. Good luck to all and stay safe.
 
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Empirical Cane said:
Patients should have been sent across the region to available beds--thats disaster response 101.

In fact, its black in white your system's countless mutual aid agreements.

When our military medics asked your system leaders why not, the answers were borderline "why would we do that" and "evasive"--at least according to two people I know personally who attended the Javits Center stand up meetings.

That is just weird and, quite frankly, incompetent and negligent.

Kudos to you for taking care of patients while your system's leaders run around like headless chickens!

Keep up the good fight!
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Dude I’ve seen some next level cowardness the last few weeks and we haven’t seen anything near what other states had.
Now I’m Not a left wing freak who is Pounding the door for government medicine. But a hospital’s CEO’s responsibility is the same as any ceo. The number one responsibility is the share holder and investor.
if you think a hospital is gonna transfer out a potential several million dollar patient you’re crazy.
you know how much an intubated icu patient brings in per day?
I’ll give you another one: try to transfer a covid patient down here in sofla to another hospital and they won’t accept it. I know cause I’ve tried.
If a board member or shareholder finds out that your transferring a patient because “you don’t want to be too full” heads will roll. The other side is that hospitals don’t want to accept covid transfers cause they don’t want to be too full of covid patients” it’s freaking retarded.
So I’ll share with you a story that happened in multiple hospitals down here: while the rest of the country was reporting new cases of covid and not one case in Florida was being reported because THERE WERE NO FCKNG TETS!!! the staffs started wearing masks because we didn’t know who had it that was walking in. Hospital administrators were warning people that they would get fired if they saw peope wearing a mask. Yup that’s right. Their reasoning was “you don’t want to scare the patients”. The hospital was worried that patients would do what they are doing now which not stepping foot inside an ER. It’s only when we started seeing more and more covid cases that they actually had no choice.
Now I’m not a genius (some of my posts and threads can reveal that) but if some dude in some Ohio suburb is getting covid and hasn’t traveled or been around any covid patients, shouldn’t I assume that a city like Miami that has a ton of international travelers likely has more people walking around that are positive than some suburb in the Midwest? Shouldn’t me and my co-workers take precautions? Me and my colleagues told that admin Mfer “I won’t wear a mask if you come here and see patients right next to me without one too”
She never came back down and said sht! But other areas of the hospital followed what admin said and even other hospitals were telling people to not wear them.
However, admin was correct on the scaring patients part because EDs all over are EMPTY AF!
Hours have been cut and even reduction in pay.
 
pacusmc said:
...Now I’m Not a left wing freak who is Pounding the door for government medicine. But a hospital’s CEO’s responsibility is the same as any ceo. The number one responsibility is the share holder and investor.
if you think a hospital is gonna transfer out a potential several million dollar patient you’re crazy.
you know how much an intubated icu patient brings in per day?

...However, admin was correct on the scaring patients part because EDs all over are EMPTY AF!
Hours have been cut and even reduction in pay...
Click to expand...

You get it...thanks for making my point...

but..but..but..ITALY!!

the "death rate"!!

stay safe!!
 
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pacusmc said:
Dude I’ve seen some next level cowardness the last few weeks and we haven’t seen anything near what other states had.
Now I’m Not a left wing freak who is Pounding the door for government medicine. But a hospital’s CEO’s responsibility is the same as any ceo. The number one responsibility is the share holder and investor.
if you think a hospital is gonna transfer out a potential several million dollar patient you’re crazy.
you know how much an intubated icu patient brings in per day?
I’ll give you another one: try to transfer a covid patient down here in sofla to another hospital and they won’t accept it. I know cause I’ve tried.
If a board member or shareholder finds out that your transferring a patient because “you don’t want to be too full” heads will roll. The other side is that hospitals don’t want to accept covid transfers cause they don’t want to be too full of covid patients” it’s freaking retarded.
So I’ll share with you a story that happened in multiple hospitals down here: while the rest of the country was reporting new cases of covid and not one case in Florida was being reported because THERE WERE NO FCKNG TETS!!! the staffs started wearing masks because we didn’t know who had it that was walking in. Hospital administrators were warning people that they would get fired if they saw peope wearing a mask. Yup that’s right. Their reasoning was “you don’t want to scare the patients”. The hospital was worried that patients would do what they are doing now which not stepping foot inside an ER. It’s only when we started seeing more and more covid cases that they actually had no choice.
Now I’m not a genius (some of my posts and threads can reveal that) but if some dude in some Ohio suburb is getting covid and hasn’t traveled or been around any covid patients, shouldn’t I assume that a city like Miami that has a ton of international travelers likely has more people walking around that are positive than some suburb in the Midwest? Shouldn’t me and my co-workers take precautions? Me and my colleagues told that admin Mfer “I won’t wear a mask if you come here and see patients right next to me without one too”
She never came back down and said sht! But other areas of the hospital followed what admin said and even other hospitals were telling people to not wear them.
However, admin was correct on the scaring patients part because EDs all over are EMPTY AF!
Hours have been cut and even reduction in pay.
Click to expand...
I think everybody was waiting on someone else to step up. We had IT people raising concerns that they didn't have any PPE and visited every corner of the hospital regularly. Nobody wants to overreact and cause panic, they want to have the cover of "We were ordered by the state."

It's good that this didn't end up being as bad a s feared. Now we just need to make the changes necessary to ensure that the next one is handled more efficiently.
 
CashMoneyCane said:
The market views the risk/reward ratio in equities as relatively good to fixed income/cash.

I wouldn't touch buying equities with a 30 foot poll right now and remain short.

But if you're not a long-term investor and you're coming here for input, you might as well just put your cash in a barrel and burn it.

Turbulent markets break inexperienced traders.
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Curious why you feel that way. I sold all my stocks nearly a year ago (DOW was at 30,000-ish) when the bond yield curve inverted...figured it was a sign the market was overvalued.

I took all that cash and loaded up on equity several weeks ago. I figured the market was panicked, and why not buy when there’s blood on the street.

By pure luck, I almost picked the bottom - DOW was at 19,000.

So I’ve made out pretty **** well in this recession
 
kgranger17 said:
Couple of things to observe:

Florida Publix's and beaches were stacked. Almost the same.
21% of all new yorkers had the antibody like two or three weeks ago. This leads us to believe it's hyper contagious or it got here before we knew.

Florida is more of a retirement destination. We are the retirement kingdom and we SHOULD have more deaths just from this, IMO.

The ER doctor you mentioned said it's like someone turned on a light. Well, the people are speaking out about how horrible Covid patients are being treated in New York. Multiple doctors and nurses have even termed it as murder for how careless the protocols have been. Then you observe the cash incentive of a patient dying with Covid. The hospitals normal cash flow is depleted. No profit. No other services are being tended to other than Covid, so how do the hospitals get cash? Let a maaf die.

I'm glad to see Florida only has 1/20 of the deaths New York has. Cuomo is up there yelling on national TV: "It's the federal governments jobs to give us cash"... You'd think New York could withstand a rainy day. It's like it buckled in month. Ok i'm just bytching.
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From what I'm hearing, if a hospital test you and you come up positive they getting round $13K at minimum, hooking you up to the ventilator/respirator, that's another 20K, let alone all the other charges!
 
JD08 said:
I think everybody was waiting on someone else to step up. We had IT people raising concerns that they didn't have any PPE and visited every corner of the hospital regularly. Nobody wants to overreact and cause panic, they want to have the cover of "We were ordered by the state."

It's good that this didn't end up being as bad a s feared. Now we just need to make the changes necessary to ensure that the next one is handled more efficiently.
Click to expand...
Idk of it’s gonna happen though.
I mean we have peope legit talking about that this is a hoax or that it’s a weapon or that it’s the government finding a way to take more of our rights.
But I’ll put my 2 cents on this.
THIS IS NOT A ONE HUNDRED YEAR EVENT.
Since I’ve been in medicine there has been SARS, MERS, swine flu, Ebola, avian flu and now this.
we keep making excuses and passing the buck.
How many people know that there is a current Ebola outbreak in Africa? Yes right now as we speak there has been an ongoing Ebola outbreak since last year.
There has been Ebola outbreaks dating back to 1976. China has had several H7N9 outbreaks since 2012 I believe. That’ has a 30% mortality. How many people know about that? That’s several potential catastrophic disease events in just the past 20 years. The hundred year event has been trying to happen but we keep finding ways to contain it or viruses haven’t gotten perfectly right yet. If corona develops a longer incubation period and a slightly higher mortality rate you can just go ahead and start hunting and growing vegetables cause sht would hit the fan.
 
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Calvin said:
From what I'm hearing, if a hospital test you and you come up positive they getting round $13K at minimum, hooking you up to the ventilator/respirator, that's another 20K, let alone all the other charges!
Click to expand...

That's wild! I've heard 80% of people who go on the ventilators die. I heard there has been lots of deaths related to ventilators simply because the nurse/doc doesn't know how to use it.
 
pacusmc said:
Idk of it’s gonna happen though.
I mean we have peope legit talking about that this is a hoax or that it’s a weapon or that it’s the government finding a way to take more of our rights.
But I’ll put my 2 cents on this.
THIS IS NOT A ONE HUNDRED YEAR EVENT.
Since I’ve been in medicine there has been SARS, MERS, swine flu, Ebola, avian flu and now this.
we keep making excuses and passing the buck.
How many people know that there is a current Ebola outbreak in Africa? Yes right now as we speak there has been an ongoing Ebola outbreak since last year.
There has been Ebola outbreaks dating back to 1976. China has had several H7N9 outbreaks since 2012 I believe. That’ has a 30% mortality. How many people know about that? That’s several potential catastrophic disease events in just the past 20 years. The hundred year event has been trying to happen but we keep finding ways to contain it or viruses haven’t gotten perfectly right yet. If corona develops a longer incubation period and a slightly higher mortality rate you can just go ahead and start hunting and growing vegetables cause sht would hit the fan.
Click to expand...
Knowledge of the current Ebola outbreak is a problem with our US-centric news sources. The populace knows a fraction of what goes on because it doesn't relate to something Trump said.

I fear you may be right about any retrospection. It's not just the hoaxers, there are plenty of people in power that overhyped this and don't want to fall under criticism. Let's just hope that cooler heads prevail.
 
kgranger17 said:
That's wild! I've heard 80% of people who go on the ventilators die. I heard there has been lots of deaths related to ventilators simply because the nurse/doc doesn't know how to use it.
Click to expand...
It depends on the age. The older you get the higher the likelihood of you dying from covid if you get tubed. The problem with covid is That it’s different from other respiratory diseases and the need to i tibate and the settings used should be different than the established paradigm. It gets complicated and technical. However in layman’s terms we should exhaust all resources of non invasive ventilation on all patients with covid and the settings for those vents need to be not as aggressive as your normal settings. In emergency medicine any patient with hypoxia was intubated as knee jerk reaction (and it worked) but with covid it’s different.
 
Gatorhater said:
Some good advice in there but you sound like you think US is going to take a hard fall. That could well be but one trend has clear the last few years: When the sh*t hits the fan in US then strangely Treasuries and then US equities go up. The world understands the it depends on and revolves around us -- htey hate that fact but love the free ride they have gotten for years. In many ways, we are Rome on growth hormones. We are the safe haven the Goths desired to protect them from the Huns. Then bot destroyed Rome and the Dark Ages resulted.

World has grown so dependent on us that whenever danger( risk) jumps anywhere, capital flees to US instruments. We are the safe haven regardless of how dangerous it is to invest in US. If we go, the world goes with us.

I ton during the 2008 mess and again betting on the Trump bull run. I did go to cash early but it was a lot of cash. To me the market is the greatest Casino in the world and it is fixed. I did by a little when virus and oil took markets down but got back out with smaller profits than if I held. To day, I am sitting on all cash because I am clueless as to what to expect next. I do believe Trump wins big in November so if market takes dive a little later this summer, I might dip in but I am content to sit tight.

My wife was bored so I told her to play the market. She is real smart with total different risk profile so I sent her in. First purchases we oil related just before the oil war and virus exploded. Opps. But she held and is almost back to even with 70% still in cash.

I would be resistant to China type investments. Full blow trade war, which China cannot win, might be coming. I give it a least 40% chance of happening. Let's see what the week brings on all those purchases they are suppose to be making for the trade deal. I believe Trump has concluded they intentionally shielded themselves from the virus while intentionally letting international travel carry it to the world. That translates to them being responsible for 10s of thousand of American deaths. Like Trump or hate him, his reaction to someone killing Americans has been clear. Those trade purchases could be the only thing holding him back. I would not be long term in China. Some short term investments are fine but don't bet against the US -- I think Buffet had said that often.

I'm not slick enough to pick the winners and losers short term. Long term, if you thing Trump wins re-election invest US and ditch China. If you think Biden is going to win, sell US hard and load up on China. As always, a little hedging is not bad idea. Anyway you cut it, these are exciting times for investments. Good luck to all and stay safe.
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I thought the US equities market was overdue for a pull back pre corona. The equities gains under the trump admin are purely manufactured with lax environmental regs and slashing corporate taxes that clearly weren't paying for themselves. We had 3.5% unemployment and the highest annual deficit in recent history. Regardless of who wins the next election or election after that some major belt tightening is going to have to be done. That will cost us a lot of government jobs on top of what we've already lost. Yes the world is currently dependent on the dollar but that is eroding with the amount of distrust brought about by sanctions and the multiple trade wars threats we've made to literally everyone. Russia and China have been been slowly moving towards buying and trading energy in their native currencies further reducing their dependence on the dollar.

China will overtake us in the next 25 years and likely much sooner. They have 4 times the population and unmatched growth. The trade wars have only accelerated their plans by exerting economic influence over neighboring asian countries and their belt road initiatives.

You can pull up economic growth charts staring in 1980 comparing the US and China, obviously a lot of the data coming from China can only be trusted to a certain point but at the end of the day global investors care about returns and growth. The US has been moving at a snails pace for a long time.
 
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JD08 said:
Knowledge of the current Ebola outbreak is a problem with our US-centric news sources. The populace knows a fraction of what goes on because it doesn't relate to something Trump said.

I fear you may be right about any retrospection. It's not just the hoaxers, there are plenty of people in power that overhyped this and don't want to fall under criticism. Let's just hope that cooler heads prevail.
Click to expand...
The news media has been avoiding real news for a while now. Not trump or political. It’s just facts. Let’s not use any political party as an excuse for the failures of industry and healthcare. This is an ongoing problem with both sides of the isle. We need American wages to rise and our buying power back as well as protection from legalized loan sharks (banks) and runaway tuition costs. Covid was the next best thing next to civil disobedience to wake up the entire us industrial/employment base.
The US is a service based economy that thrives on minimum wage. And it’s backed by a financial sector that does nothing to pay off any national dept or contribute any revenue to the system. Corona hit this economy right in the gut of its base by not allowing people to interact (service). And the financial sector is giving 0 fcks and lready to pounce on every piece of real estate it can get its hands on. Wether that piece of property is owned by maga hat wearing **** or a Rachel meadow blow up doll owning communist bull ****.

edit: sorry got carried away. Maybe a lot non sensible ranting going on by me.
 
kgranger17 said:
That's wild! I've heard 80% of people who go on the ventilators die. I heard there has been lots of deaths related to ventilators simply because the nurse/doc doesn't know how to use it.
Click to expand...

That plus ventilators don't help with blood clots!
 
A. What the **** is going on? This thing should be tanking --- The stock market will bounce back higher than ever so if you are wise you will invest heavily right now[/QUOTE]

B. What are you looking at or buying? Or are you in all cash... There's a lot of great stocks to buy right now but just to name a few that will give you a 3x return are $BA $SPCE and $SAVE
 
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kgranger17 said:
People are dying and that sucks. It's a bad flu season, right? 60,000 deaths per year from the flu, and we have under 80,000 deaths right now? What am I missing dude?

I just gotta..


Sheep.
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So we should all sit down and cry a river every day, suck our thumbs and hope the government takes care of us? Covid sucks but we need to keep moving forward and make the most of what we have.
 
flcanesfan said:
So we should all sit down and cry a river every day, suck our thumbs and hope the government takes care of us? Covid sucks but we need to keep moving forward and make the most of what we have.
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You. COMPLETELY. Got the wrong message. I aint no dam red coat. fawk you mean.
 
flcanesfan said:
Maybe I read your message wrong, seems youre ****ed we are talking about stocks because of Covid..
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Well, the OP posed a question of how is the stock market going up with unemployment numbers going up? So I just dove right in on the argument lol.
 
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