The coming financial crisis

[General_Failure]

Lose your retirement to own the libs.

[PhillyPhreak54]

Maybe in a cruel twist we'd lose a chunk to own the MAGAts

If this continues and he no longer has the market to lean on and gets him and his disgusting crew gone...cool

[Diomedes]

Delivery companies will only grow as a result.  Think of all those cranky boomers and older who have so far refused to learn how to order shtein from Amazon, all having their kids and grandkids over to be taught how to get Giant to send the groceries to the doorstep.

A bunch of them will survive, and of those, few will go back to Shop Rite ever again.

[Munson]

Dow futures down over 1000 right now

[PhillyPhreak54]

Buy the dips!

[phattymatty]

I taught myself options trading earlier this year and it has really come in handy lately. have made bank riding the volatility the last two weeks. mostly playing SPY and betting against the airlines and cruise lines.  shtein will go up or down 400-500% overnight. with no sports to gamble on i've been a bit addicted the last few weeks. obviously some luck involved but easy money. things are gonna get a lot worse before they get better.

[PhillyPhreak54]

I need to learn this.

I've been making watch lists of stocks that have been in the shteinter and are mainly hospitality/travel/oil based

[phattymatty]

I'm still a newb but know enough to do some damage. feels a bit unamerican making money off the market tanking but meh, it's going to happen regardless.  last two weeks have actually been quite a rush - i've made more in two weeks than my boring portfolio has made in the last two years.

[General_Failure]

It might be the most American thing, second to making money off war.

[Geowhizzer]

It might be the most American thing, second to making money off war.

https://www.youtube.com/watch?v=UoOXlVBlFRA

[PhillyPhreak54]

Down 3k Monday
Up 1k yesterday
Down 1300 so far today

WTF - why the extreme swings?

[Diomedes]

That's sarcasm, right?  A snarky rhetorical question?

Extreme swings are occuring because people are people and times are wildly unpredictable. 

[PhillyPhreak54]

Half rhetorical and half serious.

Monday was brutal. The news yesterday about the economic stimulus calmed things down and it rose. I'm curious as to what drives that optimism at market close yesterday into a losing the 1k they gained yesterday plus an additional (thus far) 500 points.

[Geowhizzer]

Half rhetorical and half serious.

Monday was brutal. The news yesterday about the economic stimulus calmed things down and it rose. I'm curious as to what drives that optimism at market close yesterday into a losing the 1k they gained yesterday plus an additional (thus far) 500 points.

Uncertainty.  Rumors of an extended (18 month) quarantine.  Continued expansion and extension of current limits/closings.  Lack of faith in leadership.

Did I miss anything?

[PhillyPhreak54]

That about covers it I suppose!

this is brutal. But then again its likely going to doom Cheeto Dick in November so minor victory