Agree with a lot of what he said. The harder the prevention measures the shorter the pain. On the positive front, the ECB just threw its “kitchen sink” at the problem. There are indications the Fed has asked Congress to allow it to do the same. Time will tell.
That's the best purchase one can make. Congrats
We just sold our house 3 weeks ago at an astronomical price. I was wondering if we did the right thing as we are renting a house until we find what we are looking for. In no way do I want a recession, but I'm thinking I may have timed selling that house with a pocketful of cash just right by dumb luck. A big part of me hopes I'm wrong.
My vote is the later, but who knows - if TP is the new gold, maybe T notes are irrelevant.
Dumb luck is the best king of luck, at least for me.
Yah I'm definitely going iing to take my time and see how this plays out. I'm pretty sure I dont have to worry about prices going up anytime soon.
Bond markets very dislocated right now. Margin calls are being made and cash is pulled from wherever they can find liquidity.
If you want to play the future w/o the risk of owning stock - consider forward Outlook Call Options for the tour industry. Basically, you do not own the stocks however, you are placing a "right to own" the stock (1 contract = 100 shares).
The implied vol on those options is over 200. To translate- VERY expensive. At least spread it by selling a 15 Call or sell near term calls on a calendar spread. If you want to be long, just buy the stock at $10 rather than a time burning option at $4.3. The stock is trading like an option right now anyway - and an option with no expiration.
A lot of contracts expire today (quadruple witching) with a lot of money at stake. Volatility is expected to be very high all day. Maybe, just maybe, we quiet down next week and start to see a bottom. The news flow isn't going to get any better, but the market will look forward to second half of 2020 if not further. at this rate over 50m will have contracted the virus in 90days.
