Aggietaco said:

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Touchless said:

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deadbq03 said:

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gougler08 said:

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IrishTxAggie said:

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Stimulus check calculator

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As expected, I ain't getting much (and I'm ok with it, I don't need it)

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I don't need it either, but I guess I'll be getting a check.

But I do wonder... I haven't filed 2019 yet, and my 2018 income qualifies, but my 2019 income doesn't qualify. If I get a check in the mail based on my 2018 income, are they going to reconcile the numbers later once I file 2019 and then do something like increase my taxes in 2020 since I shouldn't have gotten a check?

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It's interesting for sure. Since 2018, we had a kid and my wife had to quit her job to take care of him as he can't be in daycare. Her loss of salary and our son are not accounted for at all. We should still be fine as our company is in a solid position still assuming quarantines don't end up extended into the summer months.

Sorry all, back to the market and the impacts the bill will have on it.

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Assuming you've filed for 2019, you should be fine.

Luckily, I haven't filed for 2019 and my wife was switching roles in 2018, so we'll get some of our tax dollars back.

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Haven't filed yet unfortunately. My wife quit in January though. Her company did allow her an extended leave though so she wasn't paid for 4-5 months.

Every knee shall bow and every tongue shall confess

when everyone expects something to happen, bet on the opposite. Lesson learned for the 1,132,235 time.

So hard to not sell off and bunker down with all cash... up 10% today, but long term holder.... my trigger finger is weak

AgShaun00 said:

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when everyone expects something to happen, bet on the opposite. Lesson learned for the 1,132,235 time.

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Can't tell if you're making or losing money if you never check your account.

claym711 said:

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Everyone laid off just got the equivalent of a 90k salary job, at least for the next few months.

The more people laid off, the better for consumer spending in the near term! How many people are taking a pay cut by being employed? Haha

And small businesses just got at least 100k of free overhead.

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Can you or anyone explain the above to me?

$7500/mo for each person laid off?

I see a one time check. I see unemployment juiced a bit (I think), but nowhere did I see it equaling $7500/mo.

Maybe by not having to pay certain bills, you add that to the income?

If this is true....and I'm a schlub so who knows....then we might be back just as Trump had implied, Easter weekend.

(Read the twitter thread or the article)

So.... V bottom?

Edit - i thought you were quoting numbers. You were questioning. sorry.

UpstateAg said:

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If this is true....and I'm a schlub so who knows....then we might be back just as Trump had implied, Easter weekend.

(Read the twitter thread or the article)

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Must be nice to be able to revise your predictions so drastically after the fact (now predicting no more than 20k)...I'm sure a decent amount of that is because of all the measures, but not all of it

MOMO volume push over $23

LADR gamble paid off as this Bill assures most with ongoing continuity of mortgage payments.

I mean, if we cannot trust soft sciences with giving us credible numbers to take actions by, what are we all here for anyway?

Still have room to run?

oldarmy1 said:

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LADR gamble paid off as this Bill assures most with ongoing continuity of mortgage payments.

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Sold the August $7.5C for a double

oldarmy1 said:

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278-280 on SPY
2950 with flash to 3000 on S&P - just to get bulls foaming at the mouth.

But be gone on that...

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I hope I am not the only one with this question, if so, please feel free to ignore.

I will listen to anyone on this.

Does the above mean we hit 2950ish and then fall?

What happened to the 2700-2750 hit mark and then fall since we are below that now?

Every knee shall bow and every tongue shall confess

Carlo4 said:

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Edit - i thought you were quoting numbers. You were questioning. sorry.

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Saw your post before edit. How much are you seeing that the laid off people will get each month? Ignore the $1200 because I think it is a one time deal and anyone with mid to low income will get it.

How so? Do you mean since businesses can get a disaster loan that converts to a grant? Therefore, they'll be able to cover rent?

Anyone cutting losses on IWM?

Good question. The numbers quote above weren't close to the real numbers from this article.

https://www.washingtonpost.com/business/2020/03/26/senate-trump-coronavirus-economic-stimulus-2-trillion/

Quote:

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They negotiated major changes, including an approximately $250 billion increase in spending on unemployment benefits that would expand eligibility and allow laid-off workers to receive an additional $600 a week for four months, on top of the benefits their state unemployment agencies pay

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Article mentions $600 a week extra on top of state benefits for 4 months. For example, my wife would get the max $500 a week in Texas if she was laid off. That would jump to about $4,400 a month for 4 months under the plan. After taxes/401k/insurance at her salary, she brings home $4,200 a month.

So, she would technically be a wash for 4 months being employed vs unemployed, taking out $200 for being added on to my company insurance if I did the math right. I know her job is taking a physical and emotional toll on her. That's the tough part. Always better to have a job.

oldarmy1 said:

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LADR gamble paid off as this Bill assures most with ongoing continuity of mortgage payments.

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I bought in at $5. Looking good so far.

oldarmy1 said:

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Harkrider 93 said:

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oldarmy1 said:

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278-280 on SPY
2950 with flash to 3000 on S&P - just to get bulls foaming at the mouth.

But be gone on that...

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I hope I am not the only one with this question, if so, please feel free to ignore.

I will listen to anyone on this.

Does the above mean we hit 2950ish and then fall?

What happened to the 2700-2750 hit mark and then fall since we are below that now?

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GRRRRRR

I put wrong numbers. Should be what was posted yesterday according to Model T median 50% bounce back. So 279 area and likely 2780, whith flash to 2800 round number.

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We left a gap down there SPY 230...hope we don't revisit this

AAPL 4/17 220P. $2.1MM $5.9/CONTRACT

moved to cash about a week ago, time to rebalance and get back in?

or do we think the bottom has relatively been hit?

I'm concerned that 3.2MM unemployed is just the tip of the iceberg - a lot of companies aren't starting layoffs until this week and the coming weeks

I am willing to bet you any amount that we will.