Prognightmare said:

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spud1910 said:

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Prognightmare said:

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What bad news could come out to scare the markets? None.

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@realDonaldTrump

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He could only kill the market if he shutdown the economy again, and he won't. He knows he needs a strong market and economy for November.

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Prognightmare said:

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spud1910 said:

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Prognightmare said:

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What bad news could come out to scare the markets? None.

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@realDonaldTrump

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He could only kill the market if he shutdown the economy again, and he won't. He knows he needs a strong market and economy for November.

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AggiePeeps06 said:

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This is very frustrating for folks who have done everything right in terms of being smart with investments and saving for opportunities like this in the markets... just to have the Fed artificially prop up every market in the country. This punishes people For responsible financial behaviors. Why does anyone have any incentive to invest and save responsibly when you'll just get bailed out by the Fed every time there is a crisis?

In my case, I'm looking to buy a house and doesn't appear we'll even have a dip in real estate unless there's a second downturn and the Fed for some reason sits on their hands.

Maybe it's too early? But I don't see how any news would take down the marker at this point with the ammunition the Fed is using, which appears limitless. There will be some consequence to this down the road, just not sure what it is yet.

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Bob Knights Liver said:

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Yeah futures just hit 2880. Wasn't that close to an Elliot wave min that corresponded to some meaningful fibonacci level? I know there are technicals on here that know this stuff.

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AggiePeeps06 said:

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Emergency fund of 6 months - 1 year and sitting on cash waiting for the right opportunity. Although I did put a good chunk down in the market but ate up some of my gains with options haha

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Exsurge Domine said:

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Party City Stock. Trading at .40, down from $7.50 last year and $3.00 in mid Feb. I'm thinking graduation parties and celebrations this summer.

July 17 1c for .10, seems like a pretty good deal. Throw 1,000 bucks at it, it goes up to $3 and you make $20k

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AggiePeeps06 said:

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I also probably should clarify, I'm mainly talking about Hard assets, not liquid like the stock market. I am exposed to the stock market and am happy to have made back most of my losses.

However, if you're sitting on cash as savings for a house (or investment into real estate in general) or emergency fund, you're being punished for that. Which is completely backwards.

Discounts show up later in hard assets but not if the Fed props everything up with a backstop.

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Quote:

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They did just that at 430pm today when the low profile Statnews published a report by Adam Feuerstein, best known for doing the bidding of one or more hedge fund clients, according to which a "Chicago hospital treating severe Covid-19 patients with Gilead Sciences' antiviral medicine remdesivir in a closely watched clinical trial is seeing rapid recoveries in fever and respiratory symptoms, with nearly all patients discharged in less than a week, STAT has learned."

"Learned" from whom? A hedge fund or two who were long GILD and needed a fake news catalyst to get out? Because last time we checked, double blind, secret drug trials are, er... secret.

It wasn't until the news was reported by CNBC about 30 minutes later - and hit the retail investing audience - that GILD stock soared 16 and the entire market took off as if someone had suddenly discovered not only a cure but also a vaccine for coronavirus.

Alas, neither happened, and as it has done on numerous occasions previously, about three hours after the news broke conveniently providing one or more hedge funds ample opportunity to offload their position in the thin after hours market, Gilead issued a statement which suggested that STAT was pumping the stock based on nothing more than "anecdotal reports" to wit:

And so, one more attempt to ramp the market using fake news of an imminent drug has failed, with some observing that a Phase 1 drug trial is now the functional equivalent of a Phase 1 trade deal - both meaningless on their own, but with the power to send stocks surging when used tactically by unknown players.

And while stocks soared to new one month highs on the initial overhyped news of a trial that has not yet even concluded amid the latest powerful short squeeze, the rally has since reversed even if the drop has a long way to go before it fills the gap. Meanwhile, stocks are now the most overvalued ever, ever on the basis of forward multiples.

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jj9000 said:

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This doesn't surprise me at all.

You can go over to Forum 16 or the Coronavirus board and understand Remdisivir works on 'some' patients. I've slept since February, but, if I remember correctly, the overall mortality rate using Remdisivir was still ~1-2%.

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AggiePeeps06 said:

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Fed buying mortgage bonds is the main reason. They are also about to bailout mortgage servicers. I can see why they would bail out the servicers though... if they didn't the entire housing market would collapse.

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Aggiesincebirth said:

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AggiePeeps06 said:

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I also probably should clarify, I'm mainly talking about Hard assets, not liquid like the stock market. I am exposed to the stock market and am happy to have made back most of my losses.

However, if you're sitting on cash as savings for a house (or investment into real estate in general) or emergency fund, you're being punished for that. Which is completely backwards.

Discounts show up later in hard assets but not if the Fed props everything up with a backstop.

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If you live in Texas, you are going to have an opportunity very soon. Trust me lol. I'm somewhat in the same situation. Sadly it will be at the expense of many others but you can't help that.

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