Screw the Stock Market...

[Color Me Badd Fan]

I don’t think the market has really turned. There is still too much uncertainty as to what is going to happen. The last three days are just upward volatility fueled by some long term value opportunities. I expect we will continue to see wild swings both upward and downward for the next few weeks.


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There are really good long term values of the non-cruise ship sector variety. I put around $1000 each into Amex at $70 and GS at $150 earlier this week. I put $500 into Discover at around $30 and thought about putting some money into Capital One, but it doesn't earn the merchant account fees like Amex and Discover. Around $7k into an index last Friday. We reached close to a 40% overall decline on Monday. TBH, Amex worries me a bit since it went down to around $12 a share after the mortgage mess. I have no idea what the full economic impact of what's happening right now.

I put another $300 on Royal Caribbean and Six Flags (around $150 each). Norwegian went back down to $16, so that's only around a 100% return over a week. All of these companies could be in bankruptcy by the end of year for all I know, or they'll be fine and you can buy a share for less than 20% of their value from the peak from February. I don't think they're coming anywhere close to that peak for a really long time, but it's not like it's a permanently dying industry.

[Uncle Ted]

I don’t think the market has really turned. There is still too much uncertainty as to what is going to happen. The last three days are just upward volatility fueled by some long term value opportunities. I expect we will continue to see wild swings both upward and downward for the next few weeks.


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Yep, still way too volatile... a day trader's wet dream.

[myboynoah]

I don’t think the market has really turned. There is still too much uncertainty as to what is going to happen. The last three days are just upward volatility fueled by some long term value opportunities. I expect we will continue to see wild swings both upward and downward for the next few weeks.


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Yeah, that's what I'm thinking, but what do I know? With more information on the spread of the COVID in the U.S., these investors may be feeling better about where they put their money. Also, what effect has this drawn out unveiling and approval of the stimulus package had? It seems that it's been a day-to-day progression: details of Senate package trickle out-market responds, Senate debates-market responds, Senate votes-market responds, now the House with vote and I assume the market will respond, then Trump will sign it, and another response?

[Flystripper]

I don’t think the market has really turned. There is still too much uncertainty as to what is going to happen. The last three days are just upward volatility fueled by some long term value opportunities. I expect we will continue to see wild swings both upward and downward for the next few weeks.


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[wapiti]

The cruise line went from $8.50 a share last Thursday to over $20 today. I'm beginning to worry about the fact this business won't be making any money for around six solid months.

It's amazing how quickly the market has turned. There was a lot of cash waiting for the market to cool down and investors took advantage of the drop. It still seems a bit early. The recovery is going to depend heavily on how efficiently the money can flow people and businesses that need it. I don't think the government is capable of what is required.

[old_gregg]

The cruise line went from $8.50 a share last Thursday to over $20 today. I'm beginning to worry about the fact this business won't be making any money for around six solid months.

everything's coming up milhouse!

[Color Me Badd Fan]

I spent $100 on a cruise line stock last Thursday. It's gone up 20%. The cruise line has a decent chance of going belly-up by the end of the year, but it's cheap, I only put $100 into it and if it survives it will do quite well. I thought about putting money into Roku over the weekend -- already late on that. The share bottomed out at around $63 last Wednesday and is now close to $90.

The cruise line went from $8.50 a share last Thursday to over $20 today. I'm beginning to worry about the fact this business won't be making any money for around six solid months.

[Color Me Badd Fan]

don't know how you can sleep at night thinking about the $43 you're missing out on here.

I would have put quite a bit more on Roku, there's very little risk they're going bankrupt unlike the cruise lines.

[old_gregg]

I spent $100 on a cruise line stock last Thursday. It's gone up 20%. The cruise line has a decent chance of going belly-up by the end of the year, but it's cheap, I only put $100 into it and if it survives it will do quite well. I thought about putting money into Roku over the weekend -- already late on that. The share bottomed out at around $63 last Wednesday and is now close to $90.

don't know how you can sleep at night thinking about the $43 you're missing out on here.

[Color Me Badd Fan]

I spent $100 on a cruise line stock last Thursday. It's gone up 20%. The cruise line has a decent chance of going belly-up by the end of the year, but it's cheap, I only put $100 into it and if it survives it will do quite well. I thought about putting money into Roku over the weekend -- already late on that. The share bottomed out at around $63 last Wednesday and is now close to $90.

[Northwestcoug]

This post didn't age well...

I'm tired of every day being a 'hold onto your butts' day.

[BigFatMeanie]

After a pretty sleepless night, I checked the markets this morning expecting -5% declines across the board in the futures market (that's the max before circuit breakers kick in). But I'm very surprised to see that futures are actually up--currently around 1.6%, due apparently to early Fed moves. I still think the day will be a big negative, but it shows there's still a fair amount of long-range hope out there which, frankly, I had lost.

This post didn't age well...

[PaloAltoCougar]

And Romney actually called out the Dems for being a bunch of dumbasses and causing the -5% lost in the futures...

...

Did Mitt switch parties again? #MittHappens!

Mitt gets a lot of crap for doing what he believes is best, even when it doesn't align with his party. Most political hacks choose party over policy. I think Mitt cares less about reelection than nearly every other politician.

[Uncle Ted]

After a pretty sleepless night, I checked the markets this morning expecting -5% declines across the board in the futures market (that's the max before circuit breakers kick in). But I'm very surprised to see that futures are actually up--currently around 1.6%, due apparently to early Fed moves. I still think the day will be a big negative, but it shows there's still a fair amount of long-range hope out there which, frankly, I had lost.

And Romney actually called out the Dems for being a bunch of dumbasses and causing the -5% lost in the futures...

Embedded Tweet

Embedded Tweet

Did Mitt switch parties again? #MittHappens!

[PaloAltoCougar]

After a pretty sleepless night, I checked the markets this morning expecting -5% declines across the board in the futures market (that's the max before circuit breakers kick in). But I'm very surprised to see that futures are actually up--currently around 1.6%, due apparently to early Fed moves. I still think the day will be a big negative, but it shows there's still a fair amount of long-range hope out there which, frankly, I had lost.