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java posted:A sign I need to buy my SPY tomorrow. Man, no poo poo. Want to spook the markets? Concealing economic data Soviet-style should do the trick.
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Mar 20, 2020 02:10
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I never know what causes someone to buy a bunch like this. ES had been trading pretty flat in a 20 point range from 6pm until 9:21pm when that spike happened, and 12 min later we've given it all back, so it must've been someone covering a short.
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Mar 20, 2020 02:33
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Futures are heaaaavily manipulated
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Mar 20, 2020 02:54
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whew, crisis averted. https://twitter.com/marceldirsus/status/1240787969834958849
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Mar 20, 2020 03:02
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please tell me we're going back down tomorrow
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Mar 20, 2020 03:07
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Magic 8 ball says: Ask again later
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Mar 20, 2020 03:20
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pmchem posted:Man, no poo poo. Want to spook the markets? Concealing economic data Soviet-style should do the trick. Listen, i am not a trump admin defender but trying to prevent panic and misunderstanding about what will *absolutely* be a temporary large spike in unemployment is not unreasonable and it is not a soviet style tactic. We are going to pass through an unprecedentedly severe and temporary downturn, and we will bounce back hard as gently caress on the other side. Its important that we try not to create self fulfilling prophecies misinterpreting data and acting rashly
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Mar 20, 2020 03:33
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Ah, yes, nothing prevents misunderstandings like switching the American economy to the Kindergarten grading scheme.
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Mar 20, 2020 03:39
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much like being a wrong way bettor in craps, owning puts just...is less fun than owning calls.
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Mar 20, 2020 03:50
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greasyhands posted:Listen, i am not a trump admin defender but trying to prevent panic and misunderstanding about what will *absolutely* be a temporary large spike in unemployment is not unreasonable and it is not a soviet style tactic. We are going to pass through an unprecedentedly severe and temporary downturn, and we will bounce back hard as gently caress on the other side. Its important that we try not to create self fulfilling prophecies misinterpreting data and acting rashly Agreed. It's hard to downplay the coronavirus frenzy without sounding like an uncaring rear end in a top hat. But this virus has a very low mortality rate on people under retirement age. https://www.cdc.gov/mmwr/volumes/69/wr/mm6912e2.htm?s_cid=mm6912e2_w quote:This first preliminary description of outcomes among patients with COVID-19 in the United States indicates that fatality was highest in persons aged ≥85, ranging from 10% to 27%, followed by 3% to 11% among persons aged 65–84 years, 1% to 3% among persons aged 55-64 years, <1% among persons aged 20–54 years, and no fatalities among persons aged ≤19 years. 20-54 is a huge age group, too. Scary virus for the elderly and immunocompromised, who should definitely be sequestered for several weeks while the rest of us get on with things. Trump's press conferences have sucked, but Trump's been touting chloroquine. That's good, I guess he gets a single point for that one. https://medium.com/@adrianbye/is-the-high-coronavirus-death-rate-caused-by-wrong-official-treatment-guidelines-f4ef0a2903f3 quote:As of March 15¹, Korea has 8162 infections, but only 75 deaths, a death rate of 0.91%. By comparison, Italy has 24,747 infections and 1809 deaths, a death rate of 7.3%
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Mar 20, 2020 03:52
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https://apple.news/A946_psxnROeBdlZEB6fUvQ
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Mar 20, 2020 03:58
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Straight to the guillotine. Prosecution would be acceptable, also.
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Mar 20, 2020 03:59
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my god, who could have seen it coming https://www.politico.com/story/2012/02/insider-trading-bill-heads-to-house-072391 quote:Insider trading bill heads to House
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Mar 20, 2020 04:13
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Looks like California is shut down. Take that as it is I suppose. https://covid19.ca.gov/img/N-33-20.pdf
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Mar 20, 2020 04:18
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Lote posted:California planning on 28 million infections. That’s not good God I hate the news The Hill posted:In the letter, Newsom asked President Trump to deploy the USNS Mercy hospital ship to the port of Los Angeles until September of this year “to help decompress our current healthcare delivery system in the Los Angeles region in response to the COVID-19 outbreak.” Sweet little addendum we'll just toss in while making sure every article title that runs says "56% OF STATE GONNA GET IT, 28 MILLION INFECTIONS!" - without mitigating factors I'm hoping a 'mitigating factor' would be a statewide lock down, only a few days after the SIP for all counties in the Bay Area. If it's NOT a mitigating factor, welp, it's been nice knowing you guys. Longtime lurker, recent time poster, checking out 
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Mar 20, 2020 04:29
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Haha kyle bass was on cnbc today pushing back against the woke notion that calling it the wuhan virus is somehow racist. Pointed out no one cares about west nile virus or spanish flu, knowing the origin of the disease via the name is helpful for popular understanding
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Mar 20, 2020 04:34
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Sounds like a good way to never get invited back on CNBC.
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Mar 20, 2020 04:51
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greasyhands posted:Haha kyle bass was on cnbc today pushing back against the woke notion that calling it the wuhan virus is somehow racist. Pointed out no one cares about west nile virus or spanish flu, knowing the origin of the disease via the name is helpful for popular understanding Sort of revelant but the spanish flu didn't originate in Spain. The most likely origin of the 1918 flu is actually Kansas. https://www.ncbi.nlm.nih.gov/pmc/articles/PMC340389/ One thing to remember is that this current epidemic could have originated anywhere where there is large amounts of farm animals such as pigs along with close location to bats such as large swathes of the United States and China. It was discovered in Wuhan, not necessarily originated in Wuhan just like the 'Spainish flu'. This is why referring covid 19 as wuhan virus is inappropriate.
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Mar 20, 2020 05:00
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More directly, the reason why chuds are fixated on calling it a "foreign" virus or "chinese" virus is to distract from the shitshow that's been the federal response so far.
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Mar 20, 2020 05:23
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I mean, maybe some people but calling it the wuhan virus makes logical sense because thats where the breakout started (not too many people care exactly where the virus itself originated, thats just an epidemiological interest) so thats what people started calling it and now they’re being labeled racists. Our culture is bizarre. We were calling it the wuhan flu at work in the very very early days of this. Its just a natural tendency to name it after the place where it first really got noticed. We can try to correct that if we want, but labeling people racists for just referring to it as that is going to create instant pushback
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Mar 20, 2020 05:35
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Can we petition an alternate name? Maybe one that incorporates both Chinese and Italian cultures? The Macau Roni
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Mar 20, 2020 05:37
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greasyhands posted:Haha kyle bass was on cnbc today pushing back against the woke notion that calling it the wuhan virus is somehow racist. Pointed out no one cares about west nile virus or spanish flu, knowing the origin of the disease via the name is helpful for popular understanding I'm hoping by the time I quote this you edited out to seem way less dumb, or at least removed spanish flu so that the thread didn't get derailed with people dunking on you. Let's see if I'm right! e: welp
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Mar 20, 2020 05:40
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LLCoolJD posted:20-54 is a huge age group, too. Scary virus for the elderly and immunocompromised, who should definitely be sequestered for several weeks while the rest of us get on with things.
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Mar 20, 2020 05:49
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Who tf is buying this market? I’m gonna buy May 1st puts tomorrow EOD after the bull rally to wipe out WSB put holders. This ship is sinking, SINKING in all caps to express how hosed it will be and it is not priced in lol
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Mar 20, 2020 06:57
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On Marketwatch"s website it said Buffet is buying a gently caress ton of stuff. There's also an article quoting a hedge fund dude saying this is the bottom. Another article with another hedge fund dude saying he predicts a 76% tumble from 29k, to whatever a 76% loss of 29k is. No one knows when the bottom will be but there are already bargains to be had, and MMs like Buffet are gonna capitalize on that regardless of whether this is the true bottom or not.
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Mar 20, 2020 07:10
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Risky Bisquick posted:Who tf is buying this market? I’m gonna buy May 1st puts tomorrow EOD after the bull rally to wipe out WSB put holders. This ship is sinking, SINKING in all caps to express how hosed it will be and it is not priced in lol There’s a few shares I’m looking at buying. I’m looking closely at BHP because I think China will announce a bunch of stimulus sooner rather than later and BHP will skyrocket after that.
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Mar 20, 2020 07:14
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Bored As gently caress posted:On Marketwatch"s website it said Buffet is buying a gently caress ton of stuff. There are great bargains for sure. I continue to think (big) tech stocks getting hosed over by all this panic is a great opportunity.
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Mar 20, 2020 07:47
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Risky Bisquick posted:Who tf is buying this market? I’m gonna buy May 1st puts tomorrow EOD after the bull rally to wipe out WSB put holders. This ship is sinking, SINKING in all caps to express how hosed it will be and it is not priced in lol ABN (Always Be Nibbling)
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Mar 20, 2020 08:07
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Lote posted:Can we petition an alternate name? Maybe one that incorporates both Chinese and Italian cultures? The Lucy Liu Flu
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Mar 20, 2020 09:28
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what's the reason behind the DAX spike?
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Mar 20, 2020 09:35
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I'd say today volatility anywhere will be more down to quadruple witching (day/week/month/quarter options all expiring) rather than any news. Staying well out until it all gets washed out, anything April/May is incredibly expensive right now
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Mar 20, 2020 09:44
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Doccykins posted:I'd say today volatility anywhere will be more down to quadruple witching (day/week/month/quarter options all expiring) rather than any news. Staying well out until it all gets washed out, anything April/May is incredibly expensive right now The news continues to get worse and the $1200 check is going to do gently caress-all to stop the stock market selloff and any bounce from that isn't gonna last. This is why I'm buying puts on every green day. I'm also buying stock on every day, and buying extra on red days, so.
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Mar 20, 2020 09:55
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Lote posted:PENN is a better put than BYD IMO. RRR, CZR, and PENN are going to 0. Boyd May survive. Josh Lyman posted:All of them are under $5. There's no room to buy puts now. I think I missed the boat. Maybe not? PENN is back up over $6 and RRR over $5 on the dead cat bounce. There are strikes lower than 5...also, there's such a thing as buying ITM puts. Don't miss the boat again!
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Mar 20, 2020 09:57
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Beamed posted:I'm hoping by the time I quote this you edited out to seem way less dumb, or at least removed spanish flu so that the thread didn't get derailed with people dunking on you. Let's see if I'm right! The spanish flu is called the spanish flu because spain was the first outbreak that went public. Some other pIaces got it first but hid it. why does it matter? Who 3”ever accused the misnomer “spanish flu” of being racist? I have no idea why this kind of thing is politicized or how pointing out that they dont actually know where the virus originated is “dunking” on me but whatever. I know these conversations are never productive and everyone gets their righteous indignation all flared up. Trump being Trump is hosed up as alway and he is definitely being a dickhead insisting on calling it “chinese virus”, but there was nothing racist about this thing being called the wuhan whatever because it first showed up in wuhan and its in fact mostly just the chinese communist mind control squad that ever even cared. Anyways the only people getting dunked on today is the fuckin shorts greasyhands fucked around with this message at 10:46 on Mar 20, 2020 |
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Mar 20, 2020 10:26
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GameStop is directing their minimum wage retail serfs to defy law enforcement and remain open in the face of orders to shutter as they're an "essential business". https://www.vice.com/en_us/article/pkew4g/gamestop-instructs-employees-ignore-law-enforcement-not-shut-down-coronavirus They've been hosed but this feels like the timing info for a play. Gonna be trawling GME puts at open looking for 6-9 month expiry. Important to look for deals as greasyhands has said. Also important to look for dead men walking.
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Mar 20, 2020 12:38
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Would Boeing be worth a punt at the current price, or if it gets a bailout are shareholders likely to get fisted? Seems like the sort of company that won't be allowed to fail and will eventually come good (the last year might even be good for it long term if it makes them less complacent) thanks to all the military contracts getting handed to it.
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Mar 20, 2020 12:53
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Doccykins posted:I'd say today volatility anywhere will be more down to quadruple witching (day/week/month/quarter options all expiring) rather than any news. Staying well out until it all gets washed out, anything April/May is incredibly expensive right now http://www.opricot.com/ticker/spy/optiongraphs suggests huge upward pressure today for put writers to cover? but when do all the puts expire? I read something about monthlies being resolved at open, but I thought all options were resolved at end of day?
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Mar 20, 2020 12:58
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/ES has been eerily flat since about 5AM EST... are we holding our breath for something?TheKevman posted:Sweet little addendum we'll just toss in while making sure every article title that runs says "56% OF STATE GONNA GET IT, 28 MILLION INFECTIONS!" - without mitigating factors I bet you that wording it straight from the mouth of the academic who put together the briefing for them. That is a phrase that I used to use all the time when pushing summaries of my findings up the food chain. You should read it as "...and that's the bad number that I think is right because of reasons - unless it's wrong and gooder because of something I didn't think of".
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Mar 20, 2020 13:01
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If we hit SPY 2800 next week we’re cancelling virus response and putting stop pays on all the trumpbucks checks, right?
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Mar 20, 2020 13:07
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If we are green at 10am and still flirting the support line I might write some 2399 bull put credit spreads for EOD, don't think well be heading under 2400 at that point
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Mar 20, 2020 13:17
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