OT: Crypto, Stocks, Bonds, Real Estate, Investments, IRAs & Finances, etc.

[aq_ua]

What do you guys think of the coronavirus?

It’s definitely bad and impacting travel and closing schools around Asia. Eventually this like everything else will pass but I’m guessing the effects will linger a few months.

[CharlesOakley]

I recently got an interest bearing bitcoin account with blockfi with 6.2% rate. I have never traded crypto before, focusing mostly on forex and gold. I've been studied the markets for 6 years and actively trading and making money for 3. Here is my chart where I found entries. https://imgur.com/X9ORjCA

Adding interest on top of some nice moves makes this a very attractive vehicle for me. When I hit profit targets, I can move money from my bitcoin account to gemini coin (also interest bearing) which is pegged to the dollar.

This isn't a recommendation to trade or invest like me and I have no financial association with blockfi (or anything even remotely related).

blockfi seems like a scam to me

BlockFi’s cryptocurrency deposits are held by the Gemini Trust Company, regulated by the New York Department of Financial Services. I know that's not a guarantee.

[Dantares]

why would the chinese turn down assistance from the CDC? The US has the best experts in the world. what are they hiding? I'm thinking someone acted wildly negligent/ irresponsibly and they don't want anyone to know. maybe they are under-reporting the amount of infections

[Clyde_Style]

What do you guys think of the coronavirus?

It’s definitely bad and impacting travel and closing schools around Asia. Eventually this like everything else will pass but I’m guessing the effects will linger a few months.

If it persists, it can trigger a global recession. So much of the manufacturing supply chain is hard-wired into the areas affected and inventories of products will dry up if factories can't function.

SARs was very bad economically. This is considerably worse already.

[dakomish23]

What do you guys think of the coronavirus?

It’s definitely bad and impacting travel and closing schools around Asia. Eventually this like everything else will pass but I’m guessing the effects will linger a few months.

Anyone own Gilead & Regeneron?

[Dantares]

Incredible stock market crash. its may take years for everyones 401k's to recover all their losses.

[BallSacBounce]

Incredible stock market crash. its may take years for everyones 401k's to recover all their losses.

Do you think we bottomed? I'm guessing when the quarterlies come out there will be another downswing. And I'm not sure an extended shutdown is priced in yet.

[Garbagelo]

Incredible stock market crash. its may take years for everyones 401k's to recover all their losses.

Do you think we bottomed? I'm guessing when the quarterlies come out there will be another downswing. And I'm not sure an extended shutdown is priced in yet.

The charts don't support anymore upside yet unless we breakout above 2650 in SPX and even if it does, the upside is maybe 5% or so before another test

If it doesn't break that point, expect us to go much lower

There is no need to rush to get back in, the scenario is still unclear

[Dantares]

Incredible stock market crash. its may take years for everyones 401k's to recover all their losses.

Do you think we bottomed? I'm guessing when the quarterlies come out there will be another downswing. And I'm not sure an extended shutdown is priced in yet.

Maybe. I see us retesting the bottom soon. whether we break the low of S&P 2192 on the downside I am not sure. I am sure their will be a treatment within the next few months for covid19 but coronavirus may just be the spark that put an end to this oversold, overleveraged market. Maybe we do get a relief rally once there is a viable treatment that will tide the world over until a vaccine comes but we may see something else that brings us down. student debt, overleveraged investment in energy? I dont know, you never see where a bubble pop will come from. Good news is if this is really a bear market than you can follow the pattern of previous bear markets. and do 2 things

1. short using financial instruments like ETF's or puts that are inverted the market at the daily 20 day MA, 50 day MA and 200MA. I am currently messing around with SPY puts.
2. find the current lows and buy 10-15% lower when those levels are breached. IE right now 2192 is the current low. 10% below that is 1972. typcially you get a multi month rally when you do that and you can keep reloading.

[BallSacBounce]

Incredible stock market crash. its may take years for everyones 401k's to recover all their losses.

Do you think we bottomed? I'm guessing when the quarterlies come out there will be another downswing. And I'm not sure an extended shutdown is priced in yet.

Maybe. I see us retesting the bottom soon. whether we break the low of S&P 2192 on the downside I am not sure. I am sure their will be a treatment within the next few months for covid19 but coronavirus may just be the spark that put an end to this oversold, overleveraged market. Maybe we do get a relief rally once there is a viable treatment that will tide the world over until a vaccine comes but we may see something else that brings us down. student debt, overleveraged investment in energy? I dont know, you never see where a bubble pop will come from. Good news is if this is really a bear market than you can follow the pattern of previous bear markets. and do 2 things

1. short using financial instruments like ETF's or puts that are inverted the market at the daily 20 day MA, 50 day MA and 200MA. I am currently messing around with SPY puts.
2. find the current lows and buy 10-15% lower when those levels are breached. IE right now 2192 is the current low. 10% below that is 1972. typcially you get a multi month rally when you do that and you can keep reloading.

Interesting, thanks. I have been sitting on the sidelines for a year terrified the market was due for a large downswing. I will look into what you suggested.

[BallSacBounce]

Incredible stock market crash. its may take years for everyones 401k's to recover all their losses.

Do you think we bottomed? I'm guessing when the quarterlies come out there will be another downswing. And I'm not sure an extended shutdown is priced in yet.

The charts don't support anymore upside yet unless we breakout above 2650 in SPX and even if it does, the upside is maybe 5% or so before another test

If it doesn't break that point, expect us to go much lower

There is no need to rush to get back in, the scenario is still unclear

Much lower? How low do you think is possible? In 2008 I believe there was a 46% downswing from the highs. Percentage off the high how bad do you think is possible given the current conditions?

[Garbagelo]

Do you think we bottomed? I'm guessing when the quarterlies come out there will be another downswing. And I'm not sure an extended shutdown is priced in yet.

The charts don't support anymore upside yet unless we breakout above 2650 in SPX and even if it does, the upside is maybe 5% or so before another test

If it doesn't break that point, expect us to go much lower

There is no need to rush to get back in, the scenario is still unclear

Much lower? How low do you think is possible? In 2008 I believe there was a 46% downswing from the highs. Percentage off the high how bad do you think is possible given the current conditions?

I see some places calling 1800

I see 1000-1100 if my charts are right

Unless we break out next week, we are in for a ton of pain

[BallSacBounce]

The charts don't support anymore upside yet unless we breakout above 2650 in SPX and even if it does, the upside is maybe 5% or so before another test

If it doesn't break that point, expect us to go much lower

There is no need to rush to get back in, the scenario is still unclear

Much lower? How low do you think is possible? In 2008 I believe there was a 46% downswing from the highs. Percentage off the high how bad do you think is possible given the current conditions?

I see some places calling 1800

I see 1000-1100 if my charts are right

Unless we break out next week, we are in for a ton of pain

We were at that number in 2009. It's possible. Why does the breakout have to happen by next week? Is that some kind of technical timing tell or is it because the earnings reports start coming out?

Pension funds will be in a world of hurt. Likely the reason the FED keeps pumping but at what point does that tactic not work or start to hurt.

[KOA]

There is definitely more downside in the short term than upside.
The economic impact from COVID-19 has been understated and the V shaped recovery forecasted by many economists is completely unrealistic.

Not to mention, after all of this blows over, there is still going to be a significant amount of volatility with the elections.
Biden is looking to raise the corporate tax rate to 28% from 21% to pay for various proposals for clean energy, healthcare, and education. This will artificially reduce corporate earnings by 8.9%. I don't believe the market has priced this in...

[Blockwatcher]

You guys arent worried about hyperinflation?

[Garbagelo]

We were at that number in 2009. It's possible. Why does the breakout have to happen by next week? Is that some kind of technical timing tell or is it because the earnings reports start coming out?

Pension funds will be in a world of hurt. Likely the reason the FED keeps pumping but at what point does that tactic not work or start to hurt.

My charts are time dependent. If we start dropping hard next week then I'll have to redo my charts.

[Garbagelo]

You guys arent worried about hyperinflation?

We have pretty much ensured hyperinflation, probably not short term but within a few years, especially if we don't recover from this downturn. Most money ever printed in this short period of time ever in the history of the world.

[stopstandthere]

Hit the bottom yet?

[Rasho Brezec]

You guys arent worried about hyperinflation?

We have pretty much ensured hyperinflation, probably not short term but within a few years, especially if we don't recover from this downturn. Most money ever printed in this short period of time ever in the history of the world.

I put some money in crypto and consider that a long-term investment.

[BallSacBounce]

We were at that number in 2009. It's possible. Why does the breakout have to happen by next week? Is that some kind of technical timing tell or is it because the earnings reports start coming out?

Pension funds will be in a world of hurt. Likely the reason the FED keeps pumping but at what point does that tactic not work or start to hurt.

My charts are time dependent. If we start dropping hard next week then I'll have to redo my charts.

I'd like to learn about technical analysis. Do you have any advice on the best sources/tools for learning about them? Which indicators in general do you key in on? Thanks for any help you can give me.