A Frugal Man’s guide to the CORONADEPRESSION

[Spider]

I'm starting to wonder if stocks will be allowed to go below March lows. SPY has become too big to fail, and capitalism in equities has been shot in the dick. I'm even hearing noises about the Fed being allowed to hold index funds.

f**k this bull trap. Just wait until we start getting devastating earnings numbers... and the market skyrockets. LOL.

[Kane]

It'll start getting more obvious as time goes on - right now people think the checks going out will help. It won't. Consumer sentiment is shot - cash will be king.

Unless Congress gets serious about this it's gonna be bad.

[Spider]

to me it sounds like Congress is pretty damn serious if they're even talking about allowing the fed to start taking stakes directly in stocks. Free market am I right?

Not even a targeted bailout like with the autos. Just broad, artificial, propping up of the general market. Madness.

[Kane]

[foadi]

How bad do you guys think this depression is going to get? Kind of freaking out, all the hustles I do require large gatherings of ppl.

[Spider]

Logically, and bearing in mind an entire century of repeated precident, I'd say it's going to be extremely bad and I'm very bearish. Almost to the point of wanting to nut up and blow all my unallocated cash money on shorts like some kinda idiot. And this includes the knowledge that there's actually a gigantic debt crisis unrelated to the outbreak that's potentially going to wreck economies anyways.

That said, we have a situation where we have completely irresponsible and unlimited quantitative easing. Combine that with a whole lot of sweet summer children who've been investing in the Long Summer, and have no idea what winter is like...who very well might propel the market along with exuberance and sunk cost fallacy against all reason or caution. combine that with the fact that the actual numbers related to the virus itself might be nowhere near as bad as everyone's projecting, and everything but the unknown dilution of EPS is already baked in.

So who the hell knows? but all this talk about an L shaped recovery that lasts on and on coupled to stagflation and coupled to a new depression... I highly doubt it. But still in the near-term it's really going to suck. That's my take anyway.

Bad time to buy jet skis.

[Kane]

I think it needs to get pretty bad before either the GOP accepts reality or they get reamed in November. Personally hoping the party absolutely disintegrates after this.

To answer your question foadi:

https://www.google.com/amp/s/www.politi ... ing-171859

It's going to be bad. These guys are absolute idiots.

[Kane]

[Kane]

https://thehill.com/homenews/senate/491 ... its-a-wall

Gotta wait now to see how this goes. No more bills.

[Spider]