Coronavirus

[Bassin08]

Down 850, anyone buying yet? Last week the talk was the DOW passing 30,000.

[NitroZ7]

Looks like the market is waking up to what could happen.

I know this may be fear mongering, but I think there is a real possibility that any day now we get a case in New York City. And once that happens, the market starts to price in a recession. Thats worse case scenario but a real possibility.

Not that I would sell anything because of it. Actually I would take full advantage of it because the V-shape recovery would be epic.

I definitely agree. If this lasts months it is going to have an effect on the global economy. Im going to try and sell some cash secured puts on Boeing and Broadcom today. The premiums on puts are starting to look good again.

[BoilermakerZ519]

licking my chops but of course as usual wish I had more cash on the side.

[boneil]

I think the selling will get worse. The public hasn't heard the CDC press conference yet. I haven't seen the transcript yet but what I heard was worrisome.

[NitroZ7]

I think the selling will get worse. The public hasn't heard the CDC press conference yet. I haven't seen the transcript yet but what I heard was worrisome.

I think we are one headline away from steeper declines. I bought A little bit of Deere today and started a very small position in Disney that I will probably be adding to as it falls more.

[Bassmaster96]

Yeah, I'm holding off right now too.

[Bassmaster96]

I'm kind of surprised to see the green in the market right now today.

[boneil]

I'm kind of surprised to see the green in the market right now today.

give it a few minutes

[Bassmaster96]

give it a few minutes

Yep, it's turning now

[NitroZ7]

Still waitin on Boeing to drop under 300. Been waiting for a year

[Bassmaster96]

Still waitin on Boeing to drop under 300. Been waiting for a year

I think you're probably going to see it on this drop

[CatFan]

My first guess is restaurants and retailers will be the big decliners if/when it gets real.

[Bassmaster96]

My first guess is restaurants and retailers will be the big decliners if/when it gets real.

Yeah, I agree with that, but personally, I don't think it will get real here. It'll impact earnings on companies that depend on China and places that are heavily impacted, but it should be short lived and provide a nice buying opportunity. But, if it does hit the US, get ready....

[NitroZ7]

Apparently there is the first suspected case of community transmission in California. If this makes its way into the homeless population there it will spread like wildfire. Futures are down 165 right now. Get your shopping lists ready we are probably headed for some incredible volatility over the next 2-3 months.

[Bassmaster96]

I'm ready for it. I think tomorrow and Friday are going to be rough for the market.

Anybody watching biotech stocks for a vaccine? I saw Gilead was up today

[NitroZ7]

I'm ready for it. I think tomorrow and Friday are going to be rough for the market.

Anybody watching biotech stocks for a vaccine? I saw Gilead was up today

I have Gilead in my retirement account and its still sitting at a loss so hope it heads back into the 80's so I can hit the break even point I was going to sell a cash secured put on Amazon tomorrow. The 3/20/20 at 1750. Hoping to make 1200 dollars for 3 weeks of tying up cash.

[Bassmaster96]

I have Gilead in my retirement account and its still sitting at a loss so hope it heads back into the 80's so I can hit the break even point I was going to sell a cash secured put on Amazon tomorrow. The 3/20/20 at 1750. Hoping to make 1200 dollars for 3 weeks of tying up cash.

Probably not a bad idea. Gilead should get into the 80s I'd think. It closed after hours at like 78 so I think you'll be good there.

[Bassmaster96]

Still waitin on Boeing to drop under 300. Been waiting for a year

You got your wish

[mxmike]

Just wait till the machines really kick in.

[NitroZ7]

You got your wish

Got it at 295. Should have went 280 but glad I finally own it for the long term.