$30,000 Millionaire said:

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Tomorrow will be volatile and Thursday will be down big after the job loss report. We have not hit a bottom yet, it is ridiculous to think so with retracting activity. Regardless of what Trump says, people are not spending money. I personally spend 1500 or so a month in restaurants and my restaurant spend is zero. I probably spend 10K a month on flights and hotels, that is also zero. My uber spending is likely $500 - 1K a month, also zero. I'm not driving around much and I'm not buying clothes, gadgets, and other non essential goods. I've asked my house keeper not to come until at least the end of April (I'm still paying her because it's the right thing to do).

There are a lot of people behaving like me. I'm not getting back on an airplane or visiting customers until this improves, and most companies are going to behave exactly the same, regardless of what Trump says or does. Our economy runs on consumer spending. This will not stop until Trump does the hard thing and commits 6 weeks to a shutdown. New Yorkers have been flying everywhere.

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I agree with this. Wife and I are dinks and our restaurant spend is/was ridiculous. Our annual spend in that category would pay for a servers annual salary and tips at our most frequent haunt.

And I don't say that to humble brag at all. I point that out as (1) we spend too much damn money at restaurants and (2) to show real world impact of what this thing is doing.

Our restaurant spend is $0 right now. We are cooking everything. Long term this will be good for our bottom line because we won't be going back to our previous care free spending in that category and bad for that restaurant. Granted, we will go back just not like before.

What has caused you to change you restaurant spending habit? Aren't they still open?

OverSeas AG said:

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I am wondering what sort of impact India being shut down for three weeks is going to have on the operations of many companies. I know that many companies use Indian outsourcers and captives to conduct some middle and a lot of back office functions, as well as tech projects and tech infrastructure.

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Combine this with many American companies already halting enterprise IT efforts that depended on Indian headcount and you have a double whammy.

YouBet said:

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$30,000 Millionaire said:

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Tomorrow will be volatile and Thursday will be down big after the job loss report. We have not hit a bottom yet, it is ridiculous to think so with retracting activity. Regardless of what Trump says, people are not spending money. I personally spend 1500 or so a month in restaurants and my restaurant spend is zero. I probably spend 10K a month on flights and hotels, that is also zero. My uber spending is likely $500 - 1K a month, also zero. I'm not driving around much and I'm not buying clothes, gadgets, and other non essential goods. I've asked my house keeper not to come until at least the end of April (I'm still paying her because it's the right thing to do).

There are a lot of people behaving like me. I'm not getting back on an airplane or visiting customers until this improves, and most companies are going to behave exactly the same, regardless of what Trump says or does. Our economy runs on consumer spending. This will not stop until Trump does the hard thing and commits 6 weeks to a shutdown. New Yorkers have been flying everywhere.

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I agree with this. Wife and I are dinks and our restaurant spend is/was ridiculous. Our annual spend in that category would pay for a servers annual salary and tips at our most frequent haunt.

And I don't say that to humble brag at all. I point that out as (1) we spend too much damn money at restaurants and (2) to show real world impact of what this thing is doing.

Our restaurant spend is $0 right now. We are cooking everything. Long term this will be good for our bottom line because we won't be going back to our previous care free spending in that category and bad for that restaurant. Granted, we will go back just not like before.

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Further to this point. The Stimulus bill is not bailing out this type of consumer spending. It's bailing out walmart/target/fast food shoppers. It will alleviate some pressure for sure but won't re-spike demand.

What the hell

sellthefarm said:

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What has caused you to change you restaurant spending habit? Aren't they still open?

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We stocked up early on so we've been living off that. Plus, we had already been working on health when this hit, so this event (ironically) accelerated that. My wife quit drinking and I've greatly slowed down which was also 40-50% of our previous restaurant bill.

sellthefarm said:

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What has caused you to change you restaurant spending habit? Aren't they still open?

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For us, it's the fact that each time you go out for food pickup, you're adding a new point of contact to your circle, someone else is around your food and what's to say they're not shedding virus? We've changed our behavior drastically.

Now before you throw in the grocery store virus shedding, I realize it exists there, but I don't have a farm in my backyard

76 posts from when I went to bed til now (actually had work to do this morning)...that was some quality entertainment

Prognightmare said:

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Good morning fellow whales of TexAgs.

What stocks are we manipulating today?

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BYND? We haven't pumped that one in a while.

This will be fun..

So basically a GM situation? Common stocks gone, etc.

Every knee shall bow and every tongue shall confess

today should be interesting

So this was a little eye opening.

https://thehill.com/policy/finance/489300-unemployment-claims-could-spike-to-34-million-study

Here is a quote:

Quote:

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Late last week, Goldman Sachs predicted that the new claims would spike to 2.25 million, but the EPI count of state-level claims from 35 states and Washington, D.C., already surpassed that figure.

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It would appear that the stimulus bill is not a sell the news event...at least not yet.

What a crazy rally. Wonder how long it will last.

Only bought one or two manic positions yesterday and held none over night. All the overnight plays are 2-300%+

Every knee shall bow and every tongue shall confess

I just bought some SPY puts

For the record, I mainly mean one individual in particular. I'm sure we all know who I'm talking about.

I bought some Apr 3 SPY puts just before close yesterday, and bought more at 248 awhile ago.

khaos288 said:

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What a crazy rally. Wonder how long it will last.

Only bought one or two manic positions yesterday and held none over night. All the overnight plays are 2-300%+

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I made 400% on the BA $150 call. I've got a spy put I bought before close as a hedge that will most likely expire worthless today.
My only inhibitor is the fact that I can't day trade. Working on getting 25k in my TDA account so I won't be limited, cause I've missed out on some good opportunities since I don't want to get flagged.

Happy with Manic Trading so far though. Paid for itself the first two trades or so.

fightintxag13 said:

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I bought some Apr 3 SPY puts just before close yesterday, and bought more at 248 awhile ago.

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I did the same but added to my position with the up opening. I nibbled yesterday on the chance we opened higher.

We go negative today, I'll probably close them out and sit on the profit.

Prognightmare said:

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Good morning fellow whales of TexAgs.

What stocks are we manipulating today?

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CHK