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    Home Unlabelled For people asking if we are near the bottom, stop. The bear market isn't even one week old yet. Investing

    For people asking if we are near the bottom, stop. The bear market isn't even one week old yet. Investing

    March 21, 2020

    For people asking if we are near the bottom, stop. The bear market isn't even one week old yet. Investing

    For people asking if we are near the bottom, stop. The bear market isn't even one week old yet.

    Posted: 20 Mar 2020 06:25 PM PDT

    You people sound ridiculous. We've had a bull market for 11 years and now after a bear market for 1 week, you're already asking "are we there yet?" when it comes to the bottom.

    This is not a dip. This is not a dream. This is the new reality. The market going down is the new normal.

    And it will be this way for several months at least.

    The large distance that the markets have quickly fallen speaks not to how close we may currently be to a bottom but how far we may ultimately end up falling.

    submitted by /u/twitterisawesome
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    Gary Cohn says the US is in a recession that will cost ‘trillions’ as unemployment ‘skyrockets’

    Posted: 20 Mar 2020 03:04 PM PDT

    GOLDMAN SACHS: "We now forecast quarter-on-quarter annualized growth rates of -6% in Q1, -24% in Q2, +12% in Q3, and +10% in Q4 ... full-year growth at -3.8% on an annual average basis... we estimate a 5.5pp increase in the U3 unemployment rate to a 9% peak in coming quarters"

    Posted: 20 Mar 2020 06:41 AM PDT

    Info

    Some perspective: Worst year in the Great Recession: -2.5% decline in GDP.

    Goldman is now saying -3.8% this year. Last time that happened was 1946 (-11.6%, post war) and the Great Depression years.

    submitted by /u/johntempleton
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    Boeing suspends dividend, CEO foregoes pay after coronavirus-related aid request

    Posted: 20 Mar 2020 05:23 PM PDT

    Delta projects 80% drop in second-quarter revenue, or $10 billion; it is burning through $50 million in cash per day

    Posted: 20 Mar 2020 02:59 PM PDT

    Message from Marriott CEO: Revenue down 75% globally, 90% in China

    Posted: 20 Mar 2020 03:36 PM PDT

    Arne Sorenson posted a video on LinkedIn saying that the worst quarter between 9/11 and the great depression was a 25% drop in revenue, current drop is 75%.

    submitted by /u/mrleopards
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    After the stock market crash of Oct. 29, 1929, the S&P 500 fell 86% in less than three years and did not regain its previous peak until 1954.

    Posted: 20 Mar 2020 10:34 AM PDT

    https://www.cnbc.com/2020/03/20/analyst-anticipates-worst-crisis-since-1929-amid-recession-fears.html

    'Isaacs said the 1929 Great Depression was the closest bear market comparison. After the stock market crash of Oct. 29, 1929, the S&P 500 fell 86% in less than three years and did not regain its previous peak until 1954.

    "That might coincide in mid-to-late April with some abating of the extreme lockdown in Europe, and we should from there get something like a short-covering rally," he said.

    "This is an unprecedented situation, this is worse than 2008, this is worse than 1987, this is the worst crisis to hit financial markets since the Great Depression."'

    submitted by /u/DoItYrselfLiberation
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    US unemployment claims in April are projected to set the record for the most monthly unemployment claims in the history of US unemployment insurance.

    Posted: 20 Mar 2020 06:16 AM PDT

    I'm a DCA'er. I know I shouldn't sell. But this is unprecedented.

    Posted: 20 Mar 2020 10:03 PM PDT

    I'm 49 years old. Was maxing out my 401k and Roth.

    401k was at $300k before this whole thing started. Up until today, I was fine with leaving it alone. I'm at $215k now:

    https://i.imgur.com/97w5ae2.jpg

    Roth was at $25k, now at $18k:

    https://i.imgur.com/zwpurap.jpg

    In any other bull situation, I was fine leaving it alone. Was even joking with some co-workers 2 weeks ago if I should buy more...

    But I'm only realizing now... we still may have MONTHS of this. Industries are CRATERING.

    I'm in the airline industry. NOT a good place to be in. I will likely lose my job.

    Is there any possibility of losing it all if I do nothing and leave it? I don't want to sell now but $230k is better than $115k, or $0.

    Confused... anxious... nearly suicidal... thoughts please

    submitted by /u/fazeka
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    Coronavirus: UK Government to pay up to 80% of workers' wages

    Posted: 20 Mar 2020 11:56 AM PDT

    Federal Reserve balance sheet is now at an all time high of $4.66 trillion

    Posted: 20 Mar 2020 04:58 PM PDT

    This is even higher than after 2008. Federal Reserve is doing everything to stop a liquidity crisis.

    https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm

    submitted by /u/Pmmenakedbitcoin
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    This whole financial game is sort of rigged, isn’t it?

    Posted: 20 Mar 2020 10:19 PM PDT

    And we're just trying to snatch up as many crumbs as we can by making what we consider to be educated decisions (i.e. statistics gambling or predictive speculation) even though we don't have access to the private information or networks that actually move these markets or would allow us to take the right positions at the right time.

    How many hardworking people lost a significant portion of their savings in the last two weeks? And possibly more in the weeks to come. How many billionaires knew to short the market and added to their fortunes?

    And when things get rough for the billion dollar corporations, they get bailed out. By who? Where do those billions come from to help the rich guys out?

    It gets worse when you think about our money being created out of thin air by the federal reserve, then lent at interest. Not to get into tin foil territory, but who is it that is behind the federal reserve? It's not the government, right, but private interests? Well, who are they? And what are their interests?

    The other day the thought occurred to me that there's still a sort of slavery in the world, but instead of physical force it's now being kept in place by mind and money.

    Am I wrong?

    submitted by /u/PardonMyVanity
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    United Airlines slashes international schedule by 95% for April

    Posted: 20 Mar 2020 08:39 PM PDT

    people still buying into ZOOM and not ZM

    Posted: 20 Mar 2020 07:48 PM PDT

    up 44% today and another 10% AH - probably one of the most absurd ticker confusions ever

    submitted by /u/ericdtla
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    How is it that some companies can burn money for years and turn out fine yet others can go bankrupt from one bad year?

    Posted: 20 Mar 2020 08:35 PM PDT

    e.g. tesla, uber, and lyft vs cruise and airlines

    submitted by /u/Odd-Boss
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    Clearing firm Ronin Capital unable to meet capital requirements at CME. And so it begins.

    Posted: 20 Mar 2020 12:21 PM PDT

    https://www.cnbc.com/2020/03/20/clearing-firm-ronin-capital-unable-to-meet-capital-requirements-at-cme-sources.html

    'In yet another a sign that the turmoil in financial markets is putting extreme stress on some firms, one of the CME Group's direct clearing firms was unable to meet its capital requirements, according to sources.

    The move forced the exchange to step in and invoke its emergency protocols to auction off the portfolios. Ronin Capital, based in Chicago, was confirmed to be the firm in question, according to sources.'

    submitted by /u/DoItYrselfLiberation
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    Repo Crisis appears to be bailout of over-leveraged hedge funds

    Posted: 20 Mar 2020 09:44 PM PDT

    Table: DJIA March 2020 compared to the crash of 1929

    Posted: 20 Mar 2020 08:26 PM PDT

    Dow Jones 1929 & 2020 crashes

    1929 2020
    10.17 -9% 3.5 -11%
    10.18 -12% 3.6 -12%
    10.21 -16% 3.9 -19%
    10.22 -14% 3.10 -15%
    10.23 -19% 3.11 -20%
    10.24 -21% 3.12 -28%
    10.25 -21% 3.13 -21%
    10.28 -31% 3.16 -31%
    10.29 -39% 3.17 -28%
    10.30 -32% 3.18 -32%
    10.31 -28% 3.19 -32%
    11.1 X 3.20 -35%
    11.4 -32% 3.23
    11.5 X 3.24
    11.6 -39% 3.25
    11.7 -38% 3.26
    11.8 -38% 3.27
    11.11 -42% 3.30
    11.12 -45% 3.31
    11.13 -48% 4.1

    Date: (10 = October)
    % = where that session closed in relation to the recent All Time High (truncated)
    X = Market closed
    11.13 was the low for 1929
    DOW closed at end of 1929: -37%
    Bottomed in 7/1932 @ -89%

    Note: Dow -40% takes us back to Trump Presidential Election Victory Day level in November 2016

    submitted by /u/mark000
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    Federal Reserve says it will conduct $1 trillion in daily repo operations for the rest of the month. | Can someone ELI5?

    Posted: 20 Mar 2020 11:11 AM PDT

    https://twitter.com/CNBCnow/status/1241051728604250112

    Like, what will be the consequences of this on the medium-long term? Are they doing this to keep up the stock market, and/or to contribute to their population survival that won't be able to work at the expense of destroying the value of the dollar? I tried to look for some informations since the first "dilution" was announced, but I can't find very specific answers and details about what's going on so if there's any demand from other people looking for answers like me maybe someone can elucidate our doubts. Thanks.

    submitted by /u/Fabrizio89
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    United Airlines cuts international schedule by 95%

    Posted: 21 Mar 2020 04:10 AM PDT

    So... How much have you lost since the coronavirus?

    Posted: 20 Mar 2020 08:58 PM PDT

    I've lost $14k. My grandfather was going to retire this year, but his portfolio is down a quarter million and he doesn't know if he'll have enough money to live :(

    submitted by /u/GooGoo01
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    The Federal Reserve is expanding its asset purchases to include municipal bonds

    Posted: 20 Mar 2020 08:06 AM PDT

    What turned the market around in 2009?

    Posted: 20 Mar 2020 04:09 PM PDT

    https://imgur.com/gallery/pt6BXkn

    We all know what caused the 2008 madness, but what exactly happened in March of 2009 that sparked the comeback? Anything in particular in the news? A combination of events? Or just the bear market stalling out??

    submitted by /u/Enterthedragon12
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    Remember Murphy’s law? We are living that and this crash is only gonna get worse.

    Posted: 20 Mar 2020 10:44 PM PDT

    Literally no knows anything sufficiently enough to claim any numbers or stats on what's actually going to happen. Even if you knew In January that this was coming, did you see the entire global economy shutting down indefinitely? The effects of this will go on for your years.

    submitted by /u/kjfresh797
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