OFFICIAL STOCK MARKET AND ECONOMY THREAD VOL. A NEW CHAPTER

Weekend index severe red.

I think we meltdown next week. Hard.

Everyone who rushed to call “bottom” about to look very foolish.

This market should be red next week. There are no buyers and everyone short on cash is raising cash.

Literally the only buyer is the Fed and the small retail investors getting duped by CNBC into buying.
 
INVESTORS PULLED $8.1 BLN FROM TWO GOLDMAN MONEY FUNDS DURING FOUR-DAY SPAN -FILING

[RTRS] 21 Mar - GOLDMAN SACHS GROUP INC PROVIDED OVER $1 BLN TO ITS OWN MONEY-MARKET FUNDS DUE TO CLIENT WITHDRAWALS -FILING
 
Agreed completely. The prices seem crazy, but this is a perfect storm developing and those are the major volume profile magnets to the downside that haven’t ever been touched. It’s a long shot but we’re in a dark place economically.

I can’t believe I slept on the hotels. The rebound off their lows was a killer trade.

I am eyeing

Hyatt (HT

Hilton (HLT)

Marriott (MAR)
NKE SBUX look so tasty wow.
I sense Nike to go down even further. Pre recent split... so $45.
 
Going to look even tastier in a week or two
If you plan on buying 100 shares, maybe consider selling a weekly or monthly put at like 30-50% lower (whatever price you’re ok owning stock at) and collecting some premium while the volatility is high.
 
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