Stock Futures Hit Limit Down as Market Waits for Senate Aid Package (opens in new tab)

(nasdaq.com)

7 pointsranadeep6y ago10 comments

10 comments

As a small business owner, I don't know what democrats are thinking. If you let businesses and companies fail because they don't want to bailout companies, all their individual social policies and $1,000 checks won't matter one bit. Meanwhile they are tanking the stock market and people's retirement, pensions, and savings.

marketgod6y ago

As a small business owner you are probably going to have to take loans to get you through the next 6-months. If economic activity doesn't come back whatever you borrowed against is going to be seized by the bank. So most likely we see foreclosures. I hate being bearish but Friday's close was ridiculous and shows we have room for a downside move in the markets. It really appears that there is nothing the government can do right now.

I hope I am wrong but I am switching to buying puts this week.

nodesocket6y ago

Also thinking of buying some downside $SPY PUT protection. How far out in terms of expiration are you thinking?

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HarryHirsch6y ago

Small businesses have no chance anyways. Bailouts are coming for Boeing, the tourism and airline industry, investment real estate and banking and of course healthcare. The great majority of people will be better off opposing the Corona Coup.

nodesocket6y ago

I own Boeing so I am much in favor of a bailout of them. They are a critical part of the US economy and national defense.

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aazaa6y ago

Echoes of 2008:

> The fate of the government's $700 billion financial bailout plan was thrown into doubt Monday as the House rejected the controversial measure.

>...

> Stock markets reacted violently. Investors who had been counting on the rescue plan's passage sent the Dow Jones industrial average down well over 700 points. The stock gauge closed 778 points lower - nearly 7%.

https://money.cnn.com/2008/09/29/news/economy/bailout/

That bailout passed with flying colors on the second vote.

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markus_zhang6y ago

Is there a place that shows the discrepancy between the parties?

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