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Re: JohnCM post# 118364

Saturday, 03/14/2020 1:07:51 AM

Saturday, March 14, 2020 1:07:51 AM

Post# of 128582
I don't think so. Still firm on my $8.00 call. Still firm on 40% off the top for the dow with 50% also being a possibility. Again completely unprecedented times at this point. I'm not sure you're fully grasping the reality of the situation unfolding before us now. Most traders arn't. Listen theres not enough positive news yet, theres to much uncertainty. If you want to buy you can, but theres still a lot of room to go down and the numbers have just begun to break out virus case wise.

A recession is certain. The ride is not over. Stay patient. Also for cruises I suggest you focus timing your entry around government policy or alleviation and at least at a 40% drop in the DOW. They have been decimated. I personally like Royal Carribean.

The gains you saw at the end of today while positive will be short lived in my opinion. I thought the announcements by trump were alright, but at the same time it's all 2 weeks to late and he has a habit of grandstanding. I see no real evidence that the US is prepared at this time. I will be closely watching for signs we are improving. So far things are still ramping up and getting worse.

On top of this there appears to be additional chaos developing in the European markets as they are now printing money and experiencing case explosion as well.

Grocery stores sold out of food locally here today. That's a first for me. We are preparing to buckle down. My girlfriend is out of work until further notice. It looks like I'm next. Company meeting today discussed the possibility of a shut down.

Mass hysteria insued at walmart and Sam's club. 2 dudes tried to kill each other with wine bottles.

Change your investment thinking. Deep red is coming again.

And I'm in a state that is just beginning to get cases officially. Although it appears false because they are severely limited in the number of covid 19 test available. This would indicate the numbers in the US are currently higher then what's officially being given.

It's about to get real ugly.