BLADEMDA

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BLADEMDA

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See the chart above? Why hold those when you can own good, dividend paying U.S. stocks with a 2%+ yield? That's why stocks will eventually go back to 3200. The FED is pushing investors hard into equities. In just a year the market in the USA will be back over 3,000 and that will be due to the FED cutting interest rates to ZERO with a massive, unlimited QE program.
 
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GravelRider

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I really hope you have a lot more than that socked away for basic expenses. 6 months minimum expenses is essential in these times. we literally have NO income generating work and it’s gonna be that way for the foreseeable future. I’m just hoarding cash and cutting expenses at this point. When elective surgeries come back and demand for our services is up ill invest heavily (market will still be down). Worry about getting rich later, now it’s about surviving ....
If you are sitting home out of work, I’m sure there are more than a few hospitals in New York that would pay you for your services right now.
 

dr doze

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Once we reach an S and P 500 of 3200 and my allocation goes back to 70/30 where do I put that 30%? CDs? Gold? Bitcoin? The options are limited and pay almost nothing.


Gold is a bet on hyperinflation and the U.S. Dollar being worth a lot less. The currency itself has no value but reflects the value of the fiat currency using to buy it.
Why hold Tbills, TIPs, CDs?

Because of last week. Because of what happens in every crisis. Because we don’t know how long these disruptions last. Because they are a store of value when you reach a rebalancing point (note that last week high quality munis and corporates took quite a haircut) bought the ten year tips reopening last week. Wish that I had bought more. Spreads have been widening for them. Might want to check Ibonds.


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dr doze

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If you are sitting home out of work, I’m sure there are more than a few hospitals in New York that would pay you for your services right now.
Good time to be a locum. Would be happy to stay home.


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See the chart above? Why hold those when you can own good, dividend paying U.S. stocks with a 2%+ yield? That's why stocks will eventually go back to 3200. The FED is pushing investors hard into equities. In just a year the market in the USA will be back over 3,000 and that will be due to the FED cutting interest rates to ZERO with a massive, unlimited QE program.
You're right, unlimited QE. Literally impossible to predict the nominal value when fake money is cranked out like water. Some very wise people have said for quite a number of years now that zero rates and QE are a fairly permanent feature of our propped up economy until it collapses. They have been absolutely correct.
 

FFP

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Good time to be a locum. Would be happy to stay home.


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Also, good time to quit on hospitals that don't provide proper PPE for anesthesiologists and intensivists, especially if one is in the 50+ age group and has enough to retire on. Patriotism is one thing, suicidality is something else. One doesn't go to war with a stick.
 

FFP

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"It's a two-way street," Trump said of his discussions with governors about providing their states with federal aid.
"They have to treat us well also. They can't say, 'Oh gee, we should get this, we should get that.' We're doing a great job."
 
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dr doze

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Depends on what your contract says... but yeah, AMC’s will bleed a bit while sustaininng salaries.
Just speculating, but It is possible that AMCs assume no risk on some contracts. They get a guarantee from the hospital against which they put collections in return for a guaranteed availability of service.


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FFP

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Just speculating, but It is possible that AMCs assume no risk on some contracts. They get a guarantee from the hospital against which they put collections in return for a guaranteed availability of service.


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They would lose MUCH more than 2-3 months of salaries if they fired people, and then had to recruit them again. It's not like people are standing in line to work for them.
 
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FFP

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"The emergency coronavirus legislation that the Senate agreed to on Tuesday can only be described as an outrage. It is not an economic rescue package, but a sentence of unprecedented economic inequality and corporate control over our politics that will resonate for a generation.

It represents a transfer of wealth and power to the super rich from the rest of us, with the support of both political parties ― a damning statement about the condition of American democracy.

Final text of the bill has not been released, but according to a legislative draft, the new law would establish a $4.5 trillion corporate bailout fund overseen by Treasury Secretary Steve Mnuchin, with few substantive constraints. Some outlets are reporting this as a $500 billion fund, but $425 billion of that can be leveraged 10 times over by the Federal Reserve, resulting in a multi-trillion-dollar program.

The bill permits bailed out companies to lay off up to 10% of their workforce over the next six months, with no restrictions thereafter. Mnuchin would have authority to waive any upside for the public in its new investments, and the bill’s restrictions on stock buybacks at bailed-out firms are too temporary to be significant. Bailed out companies could even pay dividends to their shareholders.

Bailout money will flow to the shareholders of large corporations, otherwise known as rich people. The oversight terms that Democrats secured are purely cosmetic, replicating the toothless provisions of the 2008 bank bailout that enabled watchdogs to report abuse but not actually prevent or rectify it."

THIS IS WHY THE STOCK MARKET WENT UP.
 
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The system is designed by the rich - so the rich get richer, and the poor get poorer.
Revolutions are rare, because the system snuffs them out.

the death toll (world wide if not in the USA) - will be significantly increased by famine and violence.

I’m going to stop posting for a while ... it’s like watching a train wreck in slow motion that you knew was going to happen
good luck all
 
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I don't know what to believe, but if this is close to accurate it will set public health back a century. No one will ever trust them again for crashing the economy, similar to a pre-Katrina effect where people stopped listening to hurricane warnings because of so many false alarms... until they actually should have listened.
 
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"The emergency coronavirus legislation that the Senate agreed to on Tuesday can only be described as an outrage. It is not an economic rescue package, but a sentence of unprecedented economic inequality and corporate control over our politics that will resonate for a generation.

It represents a transfer of wealth and power to the super rich from the rest of us, with the support of both political parties ― a damning statement about the condition of American democracy.

Final text of the bill has not been released, but according to a legislative draft, the new law would establish a $4.5 trillion corporate bailout fund overseen by Treasury Secretary Steve Mnuchin, with few substantive constraints. Some outlets are reporting this as a $500 billion fund, but $425 billion of that can be leveraged 10 times over by the Federal Reserve, resulting in a multi-trillion-dollar program.

The bill permits bailed out companies to lay off up to 10% of their workforce over the next six months, with no restrictions thereafter. Mnuchin would have authority to waive any upside for the public in its new investments, and the bill’s restrictions on stock buybacks at bailed-out firms are too temporary to be significant. Bailed out companies could even pay dividends to their shareholders.

Bailout money will flow to the shareholders of large corporations, otherwise known as rich people. The oversight terms that Democrats secured are purely cosmetic, replicating the toothless provisions of the 2008 bank bailout that enabled watchdogs to report abuse but not actually prevent or rectify it."

THIS IS WHY THE STOCK MARKET WENT UP.
Anytime you see the government spending at these insane levels only the naive will think it's a good idea. You should have been able to know a large object would be inserted in your hind parts when you hear Republican President Trump speak of what a great idea it is to send 25 million to the Kennedy Center.
 

vector2

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You do realize that the federal reserve has intervened heavily to keep those yields low? In fact, it's buying all kinds of bonds right now. That is in addition to all the stimulus money. The system almost imploded a few weeks ago just because the fed wasn't buying bonds with older maturities. Once this is all over, all we will have is a record amount of zombie companies, people hanging on to dead jobs and a dollar collapse. Now hopefully cooler heads will prevail, but I think people will be very angry once they see their 1000 bailout check is not really enough to buy anything.
The fact that they are even able to do that kind of manipulation to keep rates low is exactly my point (i.e. our creditworthiness is still excellent). The Ron Paul crowd has been harping for decades about debasement and inflation and so far we've yet to see either to any significant degree compared to the rest of the world, at least by traditional measures. Furthermore, $6.6T of our debt is owned by foreign countries. Why in the world would China and everyone else still be gobbling up our treasuries at auction if we are doing such self-inflicted economic destruction?

If QE and our national debt is so out of control, how does this chart of the dollar index exist? Why are we still the defacto reserve currency?





I'll save yours and others' posts for later to see how the scary predictions of a Zimbabwe inflation scenario pan out 5 years from now....
 
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The fact that they are even able to do that kind of manipulation to keep rates low is exactly my point (i.e. our creditworthiness is still excellent). The Ron Paul crowd has been harping for decades about debasement and inflation and so far we've yet to see either to any significant degree compared to the rest of the world, at least by traditional measures. Furthermore, $6.6T of our debt is owned by foreign countries. Why in the world would China and everyone else still be gobbling up our treasuries at auction if we are doing such self-inflicted economic destruction?

If QE and our national debt is so out of control, how does this chart of the dollar index exist? Why are we still the defacto reserve currency?





I'll save yours and others' posts for later to see how the scary predictions of a Zimbabwe inflation scenario pan out 5 years from now....
So is your point that this extreme amount of money printing doesn't devalue the currency? Literally, the act of printing money makes us wealthier because it just adds total purchasing power? How does that make sense? Goods and services and total purchasing power does not go up simply by adding more dollars into the system.
 
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marr65

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I don't know what to believe, but if this is close to accurate it will set public health back a century. No one will ever trust them again for crashing the economy, similar to a pre-Katrina effect where people stopped listening to hurricane warnings because of so many false alarms... until they actually should have listened.
We will find out in a few weeks when most cities will open their economy back up. The greatest experiment of all time, live and in person.
 
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vector2

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So is your point that this extreme amount of money printing doesn't devalue the currency? Literally, the act of printing money makes us wealthier because it just adds total purchasing power? How does that make sense? Goods and services and total purchasing power does not go up simply by adding more dollars into the system.
The dollar index is relative to other currencies, not to a fixed product. If they are debasing their currency among the same lines as us, both currencies are losing absolute value but their relative value to each may remain fairly constant.
Exactly- the dollar index is relative to every other currency that matters. There is no time machine where we can go back and peg the dollar again so relative strength is what to look for. As long as we reign supreme and are the de facto reserve currency, debt can be issued as long as GDP growth keeps pace. As you said, in a floating system, it doesn't matter if we "devalue" our currency as long as other major currencies are devalued just as much. I will get worried when we see real inflation compared to other currencies, a downgrade of our credit worthiness that is based on actual metrics (and not debt ceiling shenanigans), and other countries not flocking to USD or treasuries when sht is hitting the fan globally.
 

vector2

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"The emergency coronavirus legislation that the Senate agreed to on Tuesday can only be described as an outrage. It is not an economic rescue package, but a sentence of unprecedented economic inequality and corporate control over our politics that will resonate for a generation.

It represents a transfer of wealth and power to the super rich from the rest of us, with the support of both political parties ― a damning statement about the condition of American democracy.

Final text of the bill has not been released, but according to a legislative draft, the new law would establish a $4.5 trillion corporate bailout fund overseen by Treasury Secretary Steve Mnuchin, with few substantive constraints. Some outlets are reporting this as a $500 billion fund, but $425 billion of that can be leveraged 10 times over by the Federal Reserve, resulting in a multi-trillion-dollar program.

The bill permits bailed out companies to lay off up to 10% of their workforce over the next six months, with no restrictions thereafter. Mnuchin would have authority to waive any upside for the public in its new investments, and the bill’s restrictions on stock buybacks at bailed-out firms are too temporary to be significant. Bailed out companies could even pay dividends to their shareholders.

Bailout money will flow to the shareholders of large corporations, otherwise known as rich people. The oversight terms that Democrats secured are purely cosmetic, replicating the toothless provisions of the 2008 bank bailout that enabled watchdogs to report abuse but not actually prevent or rectify it."

THIS IS WHY THE STOCK MARKET WENT UP.

The average person in the United States wants Bernie. The thing is, they just want him in a different, more polished package and without the stigma of the word socialism.
 

Lawper

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Feel free to slam me but in crises like this, I really miss Obama a lot. And I mean it. I'm going to back a Democrat this election.
 
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I didn't like/share his politics, but have a lot of respect for the man..
I'm just desperately begging for stable, strong and decisive leadership, especially during crises. Ideally they're also competent and scientifically aware. I want more leaders of Lincoln, Roosevelts, Eisenhower, Reagan etc. type. Strong and decisive leader who can steer the country through difficult times and improve dramatically.
 
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Feel free to slam me but in crises like this, I really miss Obama a lot. And I mean it. I'm going to back a Democrat this election.
I was in the doctors lounge today between cases and watched some of Trump's press conference. And just listening to him I could only think one thing. He is an absolutely despicable human being. To the very core.
 

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I was in the doctors lounge today between cases and watched some of Trump's press conference. And just listening to him I could only think one thing. He is an absolutely despicable human being. To the very core.




Congrats, guys.



Also, congrats America on the 1000th death.
 
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I'm just desperately begging for stable, strong and decisive leadership, especially during crises. Ideally they're also competent and scientifically aware. I want more leaders of Lincoln, Roosevelts, Eisenhower, Reagan etc. type. Strong and decisive leader who can steer the country through difficult times and improve dramatically.
Reagan started the 40 year credit card government that many of you posting have never known differently; ie fiscal responsibility. Reagan blew a lot of smoke about the importance of fiscal responsibility, and then did the complete opposite... just like the current guy.

FDR began the nanny welfare state that will eventually crumble under its own weight. The type of spending program madness Republicans have made the focal point of their wrath... until today when they out-New Deal'd FDR. Lincoln was a couple of years before my time, so I'm going with Option C, Eisenhower.
 
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96-0 in the Senate.
That just says EVERYBODY got in on the money grab bag. It's named after Workers and Families, but a better name would have been the Oprah Act,
"You get a Trillion!... You get a Trillion!... You get a Trillion!..."
 
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abolt18

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I'm just desperately begging for stable, strong and decisive leadership, especially during crises. Ideally they're also competent and scientifically aware. I want more leaders of Lincoln, Roosevelts, Eisenhower, Reagan etc. type. Strong and decisive leader who can steer the country through difficult times and improve dramatically.
Andy Beshear for president! (Just look him up and you'll see.)
 
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Feel free to slam me but in crises like this, I really miss Obama a lot. And I mean it. I'm going to back a Democrat this election.
Encouraging riots in Baltimore?

Encouraging riots in Ferguson?

Lying about Benghazi to win reelection?

Letting Russia get away with invading Crimea?

Letting isis spread throughout the world?

IRS targeting conservatives to help him win reelection?

Allowing your national security apparatus to illegally spy on a rival campaign?



What leadership are we talking about here?
 

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Here is a presentation of data that could be used by state governments in allowing economic activity. A state with low caseload right now may allow limited economic activity while following social distancing guidelines, but may have to be prepared to shelter in place in mid April.
 

FFP

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FFP

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You deserve the Nobel for such high level thinking here. Kudos!
He's just listed the states with the best responses to the epidemic, while the WH is basically scratching its arse and calling it an emergency response.

It's a mess akin to Katrina for something that was predicted more than a month ago (when they were busy denying it). But their PR is working, and their moronic base has forgotten about their lack of leadership, and that's what matters to them! None of these are electoral swing states, so they don't really care.

And I don't use the word moronic lightly. But it takes a humongous level of ignorance about the world for this president to still have an approval rate in the fourties or higher.
 
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He's just listed the states with the best responses to the epidemic, while the WH is basically scratching its arse and calling it an emergency response.

It's a mess akin to Katrina for something that was predicted more than a month ago (when they were busy denying it). But their PR is working, and their moronic base has forgotten about their lack of leadership, and that's what matters to them! None of these are electoral swing states, so they don't really care.

And I don't use the word moronic lightly. But it takes a humongous level of ignorance about the world for this president to still have an approval rate in the fourties or higher.
It's telling that we appreciate a briefing from Cuomo far more than one from the WH.
 

vector2

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He's just listed the states with the best responses to the epidemic, while the WH is basically scratching its arse and calling it an emergency response.

It's a mess akin to Katrina for something that was predicted more than a month ago (when they were busy denying it). But their PR is working, and their moronic base has forgotten about their lack of leadership, and that's what matters to them! None of these are electoral swing states, so they don't really care.

And I don't use the word moronic lightly. But it takes a humongous level of ignorance about the world for this president to still have an approval rate in the fourties or higher.
18D6267A-28B0-4EE3-B0C4-F8230EA81D54.png
 

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It gets old people coming in here posting about how many millions they made days or weeks ago with their awesome day trading (gambling cough cough....). Unless I get corrected I've yet to see someone post their $ amounts and trades BEFORE the market opens so we can all track them in real time.
Not sure why the hate, if you were DCA like a sheep that sucks. In volatile markets there is money to be made on other people's fears
 

BLADEMDA

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Jobless claims double what was expected....3.3m vs 1.5m expected. Still maintaining S&p will test 2000
With the bailout bill about to become law I doubt we see 2,000. This is a multi trillion dollar bailout bill. The stocks have been back stopped by the bailout and the Fed. When we get a retest of 2200 you should be buying stocks. I’m hoping to see below 2300 so I can buy a ton more stocks/equities.

This trillion dollar stimulus, infinite QE and zero interest rates will push stocks back up to over 3,000 in 12 months. Maybe less. Stocks are a buy right now and this is the opportunity of a decade.
 
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He's just listed the states with the best responses to the epidemic, while the WH is basically scratching its arse and calling it an emergency response.

It's a mess akin to Katrina for something that was predicted more than a month ago (when they were busy denying it). But their PR is working, and their moronic base has forgotten about their lack of leadership, and that's what matters to them! None of these are electoral swing states, so they don't really care.

And I don't use the word moronic lightly. But it takes a humongous level of ignorance about the world for this president to still have an approval rate in the fourties or higher.
So you're saying Trump deserves credit for the best responses in New York then? That's a real head scratcher.
 

FFP

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We'll see what happens when the national case number gets to hundreds of thousands and ICUs fail.
 
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