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gougler08
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McInnis 03 said:

jj9000 said:

Guys, I don't care how you spin it.

We've got ~19M workers not working. Not generating income. Not using that income to buy goods/services. Domino effect going on.

If you think all ~19M will go back to the same job, making the same money, at the flip of a switch, you're dead @ss wrong.
Yes, but have you seen congress' latest proposal? "Emergency Money to the People Act" where your family can get paid up to $5500 a month if you've lost your job, in perpetuity until "the market resumes levels prior to the COVID-19 Pandemic".

*DO NOT SEGWAY THIS TO POLITICAL*

But if something like this were to pass the ramification to business would be minimal because people would have TONS of spending cash. That being said, I don't think there's a chance in hell this happens.
Your spelling of segue is outstanding
gig em 02
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Aggie09Derek said:

All 19m...no. But 12 of the 19? Yeah I do...maybe not day 1 but a month down the road from when things are back to "normal".


Airlines, hotels, cruise lines, sporting events, no way
La Bamba
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Alright let's get back to some chart talk



SPY has seen 275.75 hold as key support. Trading in a bit of channel here and the 284 high off the rally. Something has to give and 275.75 needs to fail before going lower. Some other notes on other big names in the tweet.
hudmoon
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gig em 02 said:

Aggie09Derek said:

All 19m...no. But 12 of the 19? Yeah I do...maybe not day 1 but a month down the road from when things are back to "normal".


Airlines, hotels, cruise lines, sporting events, no way
Oil and Gas
thirdcoast
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I know we don't want TDS/MAGA trolling here, but we literally have politicians in complete control of markets, and many act as if poltics should not be discussed.

Unfortunately, it matters how much, when, and how gov money is delivered to economy. It's a political battle to understand and gauge, to know what may be coming.
McInnis 03
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McInnis 03
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gougler08 said:

McInnis 03 said:

jj9000 said:

Guys, I don't care how you spin it.

We've got ~19M workers not working. Not generating income. Not using that income to buy goods/services. Domino effect going on.

If you think all ~19M will go back to the same job, making the same money, at the flip of a switch, you're dead @ss wrong.
Yes, but have you seen congress' latest proposal? "Emergency Money to the People Act" where your family can get paid up to $5500 a month if you've lost your job, in perpetuity until "the market resumes levels prior to the COVID-19 Pandemic".

*DO NOT SEGWAY THIS TO POLITICAL*

But if something like this were to pass the ramification to business would be minimal because people would have TONS of spending cash. That being said, I don't think there's a chance in hell this happens.
Your spelling of segue is outstanding
I'M A MECHANICAL ENGINEER DAMMIT
La Bamba
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Got my eye on VIPS this morning. Low volume premarket but could breakout 18+. Chart kinda setup here.
Ragoo
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vest78 said:

Aggie09Derek said:

All 19m...no. But 12 of the 19? Yeah I do...maybe not day 1 but a month down the road from when things are back to "normal".


Not happening. The fundamentals absolutely do not support that line of thinking. I wish you were right.
what fundamentals? The fact that consumers consume and therefore employers employ? So when ordinances are lifted you don't think consumers will go back to consuming? That line of thinking is nuts.
Mic Dropper
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McInnis 03 said:

gougler08 said:

McInnis 03 said:

jj9000 said:

Guys, I don't care how you spin it.

We've got ~19M workers not working. Not generating income. Not using that income to buy goods/services. Domino effect going on.

If you think all ~19M will go back to the same job, making the same money, at the flip of a switch, you're dead @ss wrong.
Yes, but have you seen congress' latest proposal? "Emergency Money to the People Act" where your family can get paid up to $5500 a month if you've lost your job, in perpetuity until "the market resumes levels prior to the COVID-19 Pandemic".

*DO NOT SEGWAY THIS TO POLITICAL*

But if something like this were to pass the ramification to business would be minimal because people would have TONS of spending cash. That being said, I don't think there's a chance in hell this happens.
Your spelling of segue is outstanding
I'M A MECHANICAL ENGINEER DAMMIT
CSTXAg92
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ryanhnc10 said:

This market is stupid
I'm thinking head fake. May be up today, but ultimately will fall to re-test - either this week, or in the coming.
Ragoo
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gig em 02 said:

Aggie09Derek said:

All 19m...no. But 12 of the 19? Yeah I do...maybe not day 1 but a month down the road from when things are back to "normal".


Airlines, hotels, cruise lines, sporting events, no way
cruise lines don't employ us citizens.
Sporting events is seasonal employment
Airlines will be a slower ramp but will comeback in due time
People will still want to travel
Harkrider 93
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jj9000 said:

Guys, I don't care how you spin it.

We've got ~19M workers not working. Not generating income. Not using that income to buy goods/services. Domino effect going on.

If you think all ~19M will go back to the same job, making the same money, at the flip of a switch, you're dead @ss wrong.
True, but history helps a little with this. Market bottoms 3-6 mos before the economy does. The Economy bottoms before unemployment does.

Maybe 80% of the 19MM go back to work. The others have more in unemployment than they were making. Allows them to continue to not go backwards. Sadly, they likely spend that money while paying bills instead of holding as a reserve.
59 South
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SQ down big premarket on a bs downgrade. Could see it V bottom early for a big recovery if markets stay up today. Weekly 60 calls on a V bottom for you guys with big ones or just you degenerate riverboat gamblers
BB675
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Thoughts on THMO? Up 68% in premarket. Looks like the FDA has agreed that its COVID-19 antibody blood test has been properly validated and can now be distributed.
Harkrider 93
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gig em 02 said:

Aggie09Derek said:

All 19m...no. But 12 of the 19? Yeah I do...maybe not day 1 but a month down the road from when things are back to "normal".


Airlines, hotels, cruise lines, sporting events, no way
The discretionary retail, recreation and associated services, gasoline, and transportation services make up about 20% of employment.
Aggie09Derek
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gig em 02 said:

Aggie09Derek said:

All 19m...no. But 12 of the 19? Yeah I do...maybe not day 1 but a month down the road from when things are back to "normal".


Airlines, hotels, cruise lines, sporting events, no way
Cruise lines aren't american.....

Sporting events yes but thats a very small #
Hotels don't employ a ridiculous amount of people and yes they will be mostly staffed
Airlines will be running (are now) and i'm sure will be awhile before back up to full staff - the # is very small in the total economy.


Could have just said O&G and that # would have been higher than all of the above.
Maximus_Meridius
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ROKU continues to roll on in beast mode
La Bamba
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BB675 said:

Thoughts on THMO? Up 68% in premarket. Looks like the FDA has agreed that its COVID-19 antibody blood test has been properly validated and can now be distributed.
This is a short.
Baby Billy
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Picked up more long-term shares of WFC at $27...hard not to
McInnis 03
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If I am having to do it, you do to. Have you look at that AMZN 2200c lotto lately? Dare I ask how many you had bought?
leoj
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McInnis 03 said:

If I am having to do it, you do to. Have you look at that AMZN 2200c lotto lately? Dare I ask how many you had bought?


I have. Only had 2, but damn...
gougler08
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Hopped in on CADE at just over $5
Exsurge Domine
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You guys watching CHWY?
$30,000 Millionaire
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The question is do they consume at the same rate?
jbeck3487
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DIS with an early flush and bounce right off the 100 DMA on the daily chart.
BB675
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I got in this morning. Good call.
Touchless
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McInnis 03 said:

If I am having to do it, you do to. Have you look at that AMZN 2200c lotto lately? Dare I ask how many you had bought?
When exactly did he mention that? I was curious about it since I too love a good lottery, but couldn't find the post on it. If it was back from February, he mentioned 2100, but I didn't see 2200 and I think the time frame also would have expired by now. I likely just couldn't find it though.
Carlo4
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Exsurge Domine said:

You guys watching CHWY?
I am, and my 5% gains since buying after hours is doing quite well.
McInnis 03
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Touchless said:

McInnis 03 said:

If I am having to do it, you do to. Have you look at that AMZN 2200c lotto lately? Dare I ask how many you had bought?
When exactly did he mention that? I was curious about it since I too love a good lottery, but couldn't find the post on it. If it was back from February, he mentioned 2100, but I didn't see 2200 and I think the time frame also would have expired by now. I likely just couldn't find it though.
I believe it was 4/7 as that's when I entered my position. I think it was a Twitter discussion he had with PSK
La Bamba
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La Bamba said:

Got my eye on VIPS this morning. Low volume premarket but could breakout 18+. Chart kinda setup here.
18.41 now
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IrishTxAggie
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McInnis 03 said:

If I am having to do it, you do to. Have you look at that AMZN 2200c lotto lately? Dare I ask how many you had bought?
No. After I sell something, I forget about it. Looking back at old positions I had and dwelling on what was left on the table will just screw with me and I'll end up doing something stupid
CSTXAg92
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oldarmy1 said:

CSTXAg92 said:

oldarmy1 said:

TTOO finally broke that $0.55
And it continues to climb.
I love it when market makers move it up to new highs right at the close, just begging for an after hours run. But if it doesn't hit within 10 minutes people will get ancy and sell.
Pushing .63 this morning.
HoustonAg_2009
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OA & Team -- We still holding NIO? It's been running up & I'm almost back to even. Do we see a recovery back into the $5-6/share range?
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