Stocks

[dougr]

Last hour is important. If this selloff continues, -2000 now, into the close, tomorrow is likely to be terrible.

[dougr]

A 6,000 point drop in the Dow in one week?

Have you bought a 5 year supply of toilet paper yet?

Speaking of which, I actually tallied my on-hand total last night. I have 26 rolls! I bought a Costco 30 pack about a month ago unrelated to all this, just timing. So I'm set!

[rockgremlin]

Soooo...down 2,000 today, down another 2,000 tomorrow puts us at 21,800. At that pace we could land somewhere around 16,000 - 19,000 by Friday.


At which point, next week has to give a reprieve or we're flirting with 10,000 -- a full 2/3 drop.

[dougr]

Interesting stocks that might benefit from current events.

AOBC
RGR
VSTO

I bought some VSTO--I like it best of the 3

I don't know how to play a virus fear. Consumer discretionary spending, which the above would seem to benefit from, will get whacked if the media relentlessly plays fear up. Which is their goal. We have to keep in mind, we have half the country and 95% of the media pushing the market down, trying to induce as much economic chaos as possible. This isn't a normal correction scenario. Unless that is your idea? Arms plays on doomsday.

[dougr]

Soooo...down 2,000 today, down another 2,000 tomorrow puts us at 21,800. At that pace we could land somewhere around 16,000 - 19,000 by Friday.

It is possible and would return the market to historic norms.

[oldno7]

I don't know how to play a virus fear. Consumer discretionary spending, which the above would seem to benefit from, will get whacked if the media relentlessly plays fear up. Which is their goal. We have to keep in mind, we have half the country and 95% of the media pushing the market down, trying to induce as much economic chaos as possible. This isn't a normal correction scenario. Unless that is your idea? Arms plays on doomsday.

Pretty much beats the "crap" outa toilet paper futures.

VSTO is holding steady.

discretionary is in the eye of the holder.

[dougr]

Mercifully won't close down 2000. Psychological barriers are important characteristics of fear driven bear action.

^ Prediction

[dougr]

Pretty much beats the "crap" outa toilet paper futures.

VSTO is holding steady.

discretionary is in the eye of the holder.

What is VSTO's mainstay biz?

[oldno7]

What is VSTO's mainstay biz?

ammo, bullet components, outdoor gear.

camp chef,cheep ass riflescopes, biking gear, etc, etc

[oldno7]

Click brands

https://vistaoutdoor.com/

[rockgremlin]

MLPA closes down 29.8%

Tough to pick a winner amidst the carnage. Even CODX, a Utah company researching a Coronavirus vaccine closed down 24% today.

[dougr]

Mercifully won't close down 2000. Psychological barriers are important characteristics of fear driven bear action.

^ Prediction

Well, no. Bad omen. We had a 500 point rally from approx -2150 to -1650 in about 60 mins, but the last 20 or 30 gave up approx 400 to close -2013. Lot of people coming home tonight who weren't seeing the signs last night and didn't expect this will be spooked. I expect the momentum into the close to continue in the morning, with the added downdraft of retail investor selling, on top of the added psych blow of "2000" the media will gladly emphasize tonight.

[dougr]

The top losers are all energy, as you'd expect. Breathtaking losses.

[rockgremlin]

^^^Wow!! Those are staggering losses!!

Several of these won't survive, and will eventually succumb to bankruptcy or buyout.

[BasinCruiser]

I just want to know which TP and hand sanitizer manufacturer to buy stocks in.

[BasinCruiser]

And just like that, Obama isn’t claiming any responsibility for the stock market.





https://babylonbee.com/news/obama-wa...e-stock-market

[rockgremlin]

I just want to know which TP and hand sanitizer manufacturer to buy stocks in.

Kimberly-Clark (KMB) $141.32, -3.51%

Proctor & Gamble (PG) $116.06, -4.60%

Costco (COST) $301.98, -3.01%

[dougrz]

I just want to know which TP and hand sanitizer manufacturer to buy stocks in.

TP is Koch Bros (private), P&G, and KMB.

Purell brand hand san is privately held. Makes of rubbing alcohol, I'm unable to determine quickly. Might be too common and distributed to track.

[oldno7]

"I get nervous when people get greedy; I get greedy when people get nervous." Warren Buffett

[oldno7]

I wanted to buy mountain house but it appears a non public company.