What to expect next week

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by IwannaSayStuff For bears Job reports Corona virus cases hitting 1 million Corona virus deaths in US surpassing China Major cities might still get quarantined Deaths will hit 5k as hospitals in major cities are maxing out Things that will fk bears Infinite QE 2.0 Second Stimulus bill Fed revealing their infinite money glitch Saudi and … Read more

Tax break for the 1% in the stimulus bill

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by navagrey https://www.cnn.com/2020/03/28/opinions/stimulus-bill-tax-break-for-1-mccaffery/index.html …our rich taxpayer couple — and this applies only for individuals, not corporations — can now deduct an unlimited amount of “excess losses” in real estate against income from other sources Calls on rich people with real estate. EDIT: The actual document. Section 2304 starts on page 196 EDIT 2: NY Times article. Not … Read more

Pioneer Natural Resources CEO: “86% of Independent Oil and Gas Companies will Go Bust by 2021 under current low oil price enviornment”

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Pioneer is one of the largest oil producers in Texas, specifically shale basins. Huge eye opener. EXCLUSIVE: Russell Hardy, CEO of Vitol Group, the world's largest independent oil trader, says global crude demand is down 15-20 million barrels a day (that's 20% of global) | #OOTT #OilPriceWar #Coronavirus Full interview with @annmarie: https://t.co/GNTY68hbPz pic.twitter.com/clLcXPAHRR — … Read more

Bill Ackman turned 27 Million in to 2.6 Billion…. Or did he? Kinda.

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by MasterCookSwag Link to the letter to investors: https://assets.pershingsquareholdings.com/2020/03/26222617/Pershing-Square-Capital-Management-L.P.-Releases-Letter-to-Investors-March-26-2020.pdf Shamelessly stolen from Levine’s column today: That $27 million is not the total cost of protection; it is the running cost of protection. Here’s his explanation: In February, the Pershing Square funds purchased credit default swaps (CDS) on various investment grade and high yield credit default swap … Read more

The Greatest Depression Economic ramifications of Coronavirus -Corbett Report

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SHOW NOTES AND MP3: https://www.corbettreport.com/greates… The Age of Terror was inaugurated with a series of controlled demolitions in New York City on September 11, 2001. Now the world is being led into the Age of Biological Terror with a controlled demolition of the economy that is already causing unprecedented carnage across markets and around the … Read more

Oil Prices Could Fall Another 20%

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By CityAM Brent crude was down four percent Friday afternoon at $27.50 per barrel. US crude was five percent lower at $21.47 per barrel. Prices were on track for their fifth weekly drop in a row as coronavirus ravages economies around the world. Containment measures have caused demand to slump and supply chains to be … Read more

I KNEW THOSE RACIST, FASCISTIC RED-STATE GOVERNORS WOULD START THIS SORT OF — OH, WAIT:

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Rhode Island police, troops stopping incoming New Yorkers to force quarantine. Rhode Island’s National Guard and state police are stopping motorists with New York license plates and going door-to-door to find people who may have traveled recently from the state. The enforcement actions come after Gov. Gina Raimondo ordered that anyone who has moved from … Read more

National Guard To Be Trained To Use Hand-Pump Respirators 24/7 On Patients If Mechanical Respirators Run Out

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Damn that sounds tiring… Darren Rovell @darrenrovell Gov. Cuomo says that New York has bought 3,000 bag valve masks, which is a manual pump breathing apparatus and has talked about having National Guard members trained to help pump them manually for 24 hours a day for Coronavirus patients if there is a ventilator shortage. Gov. … Read more

What the hell isn’t priced in?

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by twtregg Ok so clearly 3.5M newly unemployed was priced in… 2 month shut down is priced in… more and more beer flu priced in…. So, what the hell isn’t priced in? Corporate bankruptcies. Look for those to start to pick up. When they do, it will be the reverse ‘trickle down economics’ everyone talks … Read more

HUGE: Five Minute Virus Test Approved

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Abbott receives approval for test that can detect coronavirus in 5 minutes Abbott on Friday announced it received approval for a test that is capable of delivering positive results of the coronavirus in as little as five minutes. The company will begin making those tests available to health care providers next week. Abbott plans to … Read more

Trump: “There’s a possibility that sometime today we’ll do a quarantine—short-term two weeks on New York, probably New Jersey…

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JUST IN: Pres. Trump said “some people would like to see New York quarantined,” adding: “There’s a possibility that sometime today we’ll do a quarantine—short-term two weeks on New York, probably New Jersey, certain parts of Connecticut. JUST IN: Pres. Trump said "some people would like to see New York quarantined," adding: "There's a possibility … Read more

The Stock Market Is Setting Up For ANOTHER BIG DROP – Gregory Mannarino

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TradersChoice.net, Released on 3/27/20 Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate … Read more

Google Search Trends during quarantine

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by theimpossiblesalad Numbers represent search interest relative to the highest point on the chart for the given term and time. A value of 100 is the peak popularity for the term. A value of 50 means that the term is half as popular. Source: Google Search Trends: Accessed on 3/27/2020. Tools: Microsoft Excel and Adobe … Read more