We haven't seen the worse of the virus or the economy. I suspect that we're going to see unemployment numbers that we haven't seen in 100 years and an annual deficit that will make our heads explode.

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Be well

GO BEARS!!!

A third guy buys a million in Bitcoin back on March 12 when the price was about $4900 USD. What do you think his portfolio will be worth in September?

_________________
Anybody here seen my old friend Bobby?
Can you tell me where he's gone?
I thought I saw him walkin' up to The Hill
With Elon, Tulsi, and Don

Well if you dollar cost average, you never buy at the high. If you just had one million in cash that you wanted to invest, I would recommend deploying $50,000 per month over 20 months. You never go all in or all out at once.

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Hawaii (fuck) You

We're in a leaky boat. You can't stop leaks with paper. We're in unchartered territory. Throw away your map and start thinking out of the box. Bitcoin, all of sudden, may seem viable. QE to infinity is not viable

May crude oil futures have actually traded below zero today...no place to store the oil.

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Wow

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"V" market recoveries are rare. Lows will be retested.

June will be totaled too.

"V" Market was the name of the ill-timed brothel I was pitching to some Reno investors.

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I don't remember half the time if I'm hiding or I'm lost

June dropped $3 yesterday...and is down an additional $7+ today.

If you shorted June with any sort of size, you can retire this afternoon.

_________________

If you are spending this time shorting in a crises, you should die of COVID.

Trying to find a way to stash about a million barrels for awhile.

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Not a mult.

Yeah, I'm with you. Tankers and farmland. EPA isn't enforcing anything, right?

Checking my finances this morning, the retirement funds are within 10% of their all time peak. The non retirement stocks have largely recovered except for a certain crappy retailer....

_________________
Hawaii (fuck) You

Did you catch this epic Bitcoin run, Denni$?

_________________
Anybody here seen my old friend Bobby?
Can you tell me where he's gone?
I thought I saw him walkin' up to The Hill
With Elon, Tulsi, and Don

tough to rationalize. GDP could be down 20% on the year.

_________________
Reality is your friend, not your enemy. -- Seacrest

Everybody is high on legal weed and Tiger King. Get in there and BUY!

_________________
Anybody here seen my old friend Bobby?
Can you tell me where he's gone?
I thought I saw him walkin' up to The Hill
With Elon, Tulsi, and Don

I'm sure there are reasons, but I just don't unnerstand them. The entire world is looking for a safe place to park money and US-housed and expecting-to-be-bailed-out-companies seem about as good a place as any.

_________________
Reality is your friend, not your enemy. -- Seacrest

Might have a month or two to GET THE HELL OUT!

I'd rather go down with the ship than risk being the one who bailed out and then had to watch the ship sail away.

_________________
Reality is your friend, not your enemy. -- Seacrest

Just jump on JORR's bitcoin boat. It's going to blow by it's all time high within a month

Keep an eye on Omaha.

_________________
Anybody here seen my old friend Bobby?
Can you tell me where he's gone?
I thought I saw him walkin' up to The Hill
With Elon, Tulsi, and Don

He's buying Kroger, last I heard.

The S & P 500 went from 36% off it's high to just 13% off it's high a couple of days ago. To make up that 23% loss it went up 34%. Now falling to 16% off it's high.

Talked to an older guy who was a boss of mine years back. He's riding out the stock market storm even though he's near his retirement goal age. He brought up a nest egg figure he was shooting for. Then said I guess I won't be hitting that goal figure. Even brought up sticking around his job to work part-time. Then braggs about his fee finance guy.. He told him every 10% the market goes down move money out of stocks into fixed. Never gave him guidances to go to cash early in the crisis. Now telling him to cash out on the way down. First a V, then U, now Fed chairman Powell saying an W economic recovery is asking a lot. He'll be working til he's 80.

It's crazy, but the Nasdaq is now back to positive for the year.

_________________

I guess the market cap weightings and strength of the biggest tech companies is really showing....

_________________
Hawaii (fuck) You

People that are long term like 401k stuff are going to regret if they did not stay the course with dollar cost averaging. IMHO.

_________________
Elections have consequences.

Timing is so difficult. Over the long term, dollar cost averaging is the best bet. Nothing is guaranteed with investing. But by dollar cost averaging and sticking to your long term plan, you can sleep at night amid all the volatility. And if you do your calculations correctly and save as planned, you will hit your retirement goals with reasonable assumptions.

_________________
Hawaii (fuck) You

It's absolutely wild the S&P 500 is at the same level as it was in August 2019. Boggles the mind.