thirdcoast said:

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oldarmy1 said:

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thirdcoast said:

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Which stock has that pattern?

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Potential S&P pattern if we hangout around 2800 for a week or so. You don't think we could be on a short term rally Model T peak like that?
Or is Fed going to keep this bull running upward in coming weeks?

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Ah, so you're looking to see if today was the center of that chart and if the right side forms next week?

Boat Shoes said:

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deadbq03 said:

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McInnis 03 said:

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Starting to feel like if this admin has any ability to control it, they will. They lost control on the outbreak, they'll be damned if they lose it when they can manipulate it. And everyone from the head of the Federal Reserve to the Secretary of the Treasury is on board with it.....

Remember Eric Trump's tweet? Something along the lines of "In my opinion, it's a great time to buy stocks or into your 401K. I would be all in let's see if I'm right"

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This has been my thought for quite some time.

Enjoy it in the short term. I'm with Clay, this is scary business for the long term.

Remember when we used to accuse China of currency manipulation? We're about to have 3 fingers pointing back at us. Guess if you can't beat em, join em.

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But if that's the case and we're just going to print money, don't you have to be in equities? Being in cash would see your wealth erode as inflation ticks up. Seems to me that printing money and thereby causing inflation only helps those invested and further widens the gap between the haves and the have nots.

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I agree completely. When I said "scary" I should've clarified that I wasn't really referring to the stock market specifically but rather our macro economy as a whole.

Mnuchin and Powell have effectively bought the US economy. Not sure yet who's money they used to do it.

Every knee shall bow and every tongue shall confess

deadbq03 said:

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McInnis 03 said:

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Starting to feel like if this admin has any ability to control it, they will. They lost control on the outbreak, they'll be damned if they lose it when they can manipulate it. And everyone from the head of the Federal Reserve to the Secretary of the Treasury is on board with it.....

Remember Eric Trump's tweet? Something along the lines of "In my opinion, it's a great time to buy stocks or into your 401K. I would be all in let's see if I'm right"

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This has been my thought for quite some time.

Enjoy it in the short term. I'm with Clay, this is scary business for the long term.

Remember when we used to accuse China of currency manipulation? We're about to have 3 fingers pointing back at us. Guess if you can't beat em, join em.

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Any other President and I would agree....what do we owe China in debt? I see this as a negotiating tool to wipe the slate clean.

Ragoo said:

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I think you all worry too much about the feds involvement in putting up a backstop to a situation that was driven by force majeure and made much worse by fear.

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If it's just fear, that much backstop wouldn't be necessary.

ryanhnc10 said:

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Ragoo said:

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I think you all worry too much about the feds involvement in putting up a backstop to a situation that was driven by force majeure and made much worse by fear.

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If it's just fear, that much backstop wouldn't be necessary.

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read my entire post first.

Exsurge Domine said:

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claym711 said:

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Harris county is offering 0% interest 5 year term forgivable loans.

Not sure what system we are entering but it's not capitalism.

I'm wondering, if everyone is getting free money, is anyone?

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Uh how do I get this

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Seems like I need to start a small business!

Ah, only $25,000. Probably already gone, was only funded with $10,000,000

Shoot, I'm down for some extra trading money.

The Fed is opening a SMall business new loan facility through banks. I believe it was 4 year term at near 0% interest. 95% of the loan will be owned by the Fed (read 95% forgivable). Can even be used to pay down principle of other debt!

Do you have a link to that?

Can't wait for the market to somewhat normalize so the Fed haters and conspiracy theorists can leave the thread

claym711 said:

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Harris county is offering 0% interest 5 year term forgivable loans.

Not sure what system we are entering but it's not capitalism.

I'm wondering, if everyone is getting free money, is anyone?

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Our family business applied for the PPP loan just in case the government goes further BSC and decided to close all businesses for an extended period of time.

Free advice (which is worth its cost): based on the certifications that you made to get that loan I would not be typing things like that on the internet (or even making such comments to friends, etc.). Usually a few years after these types of programs there is a lot of work to check in on the people who received the funds. There are many situations where people got caught and had a lot of headaches (and in some cases much worse) based on things they typed on forums such as this one, communicated to friends and so on.

Alta said:

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Free advice (which is worth its cost): based on the certifications that you made to get that loan I would not be typing things like that on the internet (or even making such comments to friends, etc.). Usually a few years after these types of programs there is a lot of work to check in on the people who received the funds. There are many situations where people got caught and had a lot of headaches (and in some cases much worse) based on things they typed on forums such as this one, communicated to friends and so on.

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Thank you, good advice

I can only imagine how much work I'm actually going to get done tomorrow. What do you do during the week with the market closed?

Touchless said:

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I can only imagine how much work I'm actually going to get done tomorrow. What do you do during the week with the market closed?

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Channeling my inner Irish,

Hookers and blow.

Wow.

Quite a move by TSLA afterhours.

oldarmy1 said:

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thirdcoast said:

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oldarmy1 said:

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thirdcoast said:

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Which stock has that pattern?

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Potential S&P pattern if we hangout around 2800 for a week or so. You don't think we could be on a short term rally Model T peak like that?
Or is Fed going to keep this bull running upward in coming weeks?

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Ah, so you're looking to see if today was the center of that chart and if the right side forms next week?

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Yeah, what do you think about that?

The Main Street loans would be a minimum of $1 million and a maximum of either $25 million or an amount that "when added to the Eligible Borrower's existing outstanding and committed but undrawn debt, does not exceed four times the Eligible Borrower's 2019 earnings before interest, taxes, depreciation, and amortization," whatever is less, the Fed said.

The Fed will purchase up to $600 billion in loans.

Terms would see an interest rate equal to the Fed's Secure Overnight Financing Rate, currently 0.01%, plus 250-400 basis points with a four-year maturity.

A special-purpose vehicle that Fed created jointly with the Treasury Department will purchase 95% of the loan while the financing institution would hold the other 5%.



So these loans are for upper Main Street. The Russell 2k was up a lot today.

Interesting. Do you have a link with more details on loan purpose requirements and such?