Month: April 2020

by yes_its_him I haven’t seen this mentioned here as of yet, so let me make a post where people might see it for more than few minutes. The recently passed legislation that authorized stimulus payments and increased unemployment also made available over $300B in money for small businesses affected by recent events. This explicitly includes … Read more

This is really bearish, investors net BOUGHT STOCKS all the way down.https://t.co/R2BAEZXgDN — Jim Bianco (@biancoresearch) April 1, 2020 https://twitter.com/GreekFire23/status/1245328830182678528 $WLL BK Chapter 11 >>Whiting Petroleum Corp. Reaches Agreement in Principle with Certain of Its Noteholders to Pursue Consensual Financial Restructuring Commences Chapter 11 Reorganizational Process to Right-Size Capital Structure ht @DiMartinoBooth https://t.co/V9JupHLj30 — Tracy … Read more

By Tom Kool As the oil war and coronavirus demand destruction rage on, WTI crude prices briefly dipped below $20 per barrel, but many prices aren’t even fetching $20 per barrel as they are struggling to find buyers for their crude.  Prices in Oklahoma, Colorado, Kansas, and Louisiana, for instance, have dropped significantly over the last … Read more

This article was written by Mac Slavo and originally published at SHTFplan.com This is irony at its finest.  The United States attorney general used twitter to tell the public to NOT use face masks to protect against the coronavirus because they don’t work, they only work for health care workers. Now, the Centers for Disease Control … Read more

by Shaun Richards As so often we find ourselves returning to the topic of the banks as they are at the heart of the financial system. They are the group which most exemplify the dictum if you want to enrich yourself get as close as you can to flows of money. The best description of … Read more

by burnzwhenipeeee   Reminds me of the people watching on the bridge in Chernobyl. Only difference is “no idea what’s going on” vs “plain stupid”.   AC

I went to my local Niagara Falls NY wegmans today to grab a few things. While walking in I saw a group of shopping carts with caution tape around them Just outside the entrance with signs saying please keep 6’ from each of your fellow shoppers. I walked in and grabbed and sanitized a cart … Read more

Dr Ai Fen was the first doctor to alert other colleagues about a SARS-like disease Her text led her co-worker Dr Li Wenliang to raise the concerns on social media  Dr Ai said she faced ‘unprecedented, extremely harsh reprimand’ after sharing  She gave interview criticising hospital and then went missing, reports suggest Coronavirus symptoms: what … Read more

Check IRS.gov for the latest information: No action needed by most people at this time IR-2020-61, March 30, 2020 WASHINGTON — The Treasury Department and the Internal Revenue Service today announced that distribution of economic impact payments will begin in the next three weeks and will be distributed automatically, with no action required for most … Read more

by HistrionicSlut I got a call from “att”, they left a message saying someone had committed fraud on my account and to call them back. I called the number (already suspicious) and it said welcome to att and had the proper hold music. I got in touch with a guy that gave me a name … Read more

by stacyyines​ It’s going to be a financial nightmare for many people soon or maybe is already. I just wanted to share some tips as a former collections person (who once repo’d cars 😳) if you might soon be or already are unable to make your car payment. DO NOT IGNORE CALLS OR HANG UP … Read more

by arzt506 Check this out: https://preview.redd.it/9n087j9y95q41.png?width=1005&format=png&auto=webp&s=5f3d7eadebb16a16665d4fdf00214a7106ed7675 Assuming we continue down here, would be hard to pick a more perfect place for a reversal of this dead cat. Bounced straight off the weekly 200 MA AND the .382 fib of the crash. Just beautiful. The weekly 200 MA has been support for 9 YEARS. You hard … Read more

A much better “tell” on Chinese growth than pumped up state data. ⁦@Quillintel⁩⁦@SoberLook⁩ pic.twitter.com/tS5sQatzE9 — Danielle DiMartino Booth (@DiMartinoBooth) April 1, 2020 April 1.. good one China pic.twitter.com/8tv4SGKsYz — *Walter Bloomberg (@DeItaone) April 1, 2020 The Asian countries that benefited the most from the trade war fallout have seen meager rebounds vs China which calls … Read more

Emerging markets post record $83 billion outflow in March due to coronavirus shock, says @IIF – $52 bln equity outflow, $31 bln debt outflow. Compared to previous episodes of EM stress … there is no comparison.@RobinBrooksIIF @SergiLanauIIF pic.twitter.com/M8ixtpGp4l — Jamie McGeever (@ReutersJamie) April 1, 2020 https://twitter.com/Birdyword/status/1245149005387952128 A new wave of ASF is hitting #China >>African … Read more

by Hanz-Wermhat Long time lurker first time (non-shit post) poster, felt I would give back some knowledge I have learned recently on how you can use VIX to see how retarded your PUT positions are. VIX is calculated using the pricing of OTM options, the higher the pricing the higher the implied volatility and likelihood of … Read more

by Joesocktwo For the handful of people here who actually understand greeks, this post isn’t for you. For the rest of you numbnuts buying 0DTE FDs, this is for you. ​ Virtually every major crash has a characteristic anatomy You’re on the tail end of the last big upswing before the bottom of the crash. … Read more

by Reptar4President I’m looking at putting some money into a few different small and micro-caps, and one big boy. Thought I’d put them out there and see if anyone has any thoughts on them. Some background: I used to trade individual stocks (we’re not talking much, I had maybe $20k in a fund) but stopped … Read more