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by nodesocket 2280 days ago
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.
2 comments
marketgod 2280 days 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.

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nodesocket 2280 days ago
Also thinking of buying some downside $SPY PUT protection. How far out in terms of expiration are you thinking?
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marketgod 2280 days ago
I'm going to get $LVS if it drops under $40 and $DIS below $84 for Apr 17 near the money.
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HarryHirsch 2280 days 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.
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nodesocket 2280 days 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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HarryHirsch 2280 days ago
That's the trouble right there. Boeing are a lobbying organization that can't build functional airplanes but market incentives are aligned so that they receive bailouts anyway and can continue without serious internal reforms. You should lose your shirt over Boeing. It's not that the engineering expertise were lost if Boeing went belly-up, new companies would form. Consider Space X - Elon Musk built a rocketry company from nothing. The market needs to learn where the limits are.
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marketgod 2280 days ago
Sadly they will get bailed out. Look at what happened in 2008? They tried to send a message by forcing Lehmman into bankruptcy and that affected the entire citizenry. It seems to me they have realized that they have to bail everyone out or else we will all be affected.
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