How are you all spending your time during corona virus lockdown?

[BJcountingmaster]

I don't think Caesar is at bottom yet

[BJcountingmaster]

I love bought 1000 UVXY @$10.3 mid February , and now it worth more than 100k still holding it.
i also shorted AAPL AMZN FB made six digit. I was about to short CZR and CCL but was not able to since I could not borrow their stock
no need to play with option

[BJGenius007]

I don't think Caesar is at bottom yet

Many casino stocks will be wiped out and drop to $0. The casinos will go bankruptcy. Stock holders will get zero but bond holders will get something. Caesar will be the first major chain to go. I would buy MGM and WYNN but not now. Maybe in the middle or late April.

[BJcountingmaster]

I already made more than 200k since mid February. If uvxy keep increasing I will make more!

I am day trading stock options. I made $15K in the past three days, better EV than playing Blackjack. Not as good as I did when 2008 financial crisis hit. I made $200K in three weeks in that July.

[GcBlackjack]

Using my time practicing card counting.

[BJcountingmaster]

If I were able to borrow their stock , i definitely shorted them in mid February. I be very rich now . Initially in January I wanted to short CCL because of diamond princess.

Many casino stocks will be wiped out and drop to $0. The casinos will go bankruptcy. Stock holders will get zero but bond holders will get something. Caesar will be the first major chain to go. I would buy MGM and WYNN but not now. Maybe in the middle or late April.

[BJcountingmaster]

The sad thing is that next year I need to pay six digit tax

[Freightman]

I am constantly having Italy being thrown at me as evidence the virus is going to wipe out humanity. So I decided to look into Italy, specifically. What I found is that Italy has about 16K flu related deaths each year. That’s a little over 2K flu related each month of the 7 month flu season. The new cases are in decline and the total death count in the 2 months since the outbreak began there, is at 2158, so about 1K per month (half that of the flu during the same period). And Italy is the worst case scenario in terms of mortality rate (fatality to recorded infections - yes this is a less than ideal statistic in terms of meaningfulness). Germany, for instance has an incredibly low mortality

http://www.informationclearinghouse.info/54030.htm

Zee
There is no covid 19 shots yet available like there is for the flu, and yes, I get a flu shot every year.

This is a geometric progression very similar to the bubonic plague of a few hundred years ago, though perhaps not as deadly, or the Spanish flu of 1918,19. Let me put this into simple terms.

Take a chessboard. Put 1 cent in the first square. Double it to 2 cents in the second square, and double it again to 4 cents in the 3rd square. Keep the progression and let me know what square you’re on until I’ve wiped out your net worth. Keep the progression going until you’ve reached a sum which equals your state’s deficit levels. Once youve done that, keep the progression going. The 64th square will be a mind numbing value. This is similar to how this virus will progress without intervention. Even though the death values are “not yet’ that high, without strict adherence to procedures designed to slow and stop the infection rate, death rates will spiral.

Beating the curve will drop the infection rate, human nature will relax and infection rates will again increase, though not to its previous levels, the cycle will repeat, and then repeat again and so forth. I think it took about a 12 or 18 months to beat Spanish flu.

Effects on business and employment levels will also be astronomical. Like it or not, Government financial intervention will need to be massive to both prop the economy and include provisions for support to those without fallback resources. Without doubt, increase to Government deficits will wipe out any prior efforts of fiscal control. Repairs to that situation will have to occur after the fact.

Many of us, including myself, have suffered huge financial losses. The effect on each of us will vary depending on our actual market mix, but eventually, the market will bounce back.

Despite the horrific nature of all that is going on, we all need to take ownership of our particular situations and each do our parts to help contain this. Penalties for hoarders and those not taking proper sanitary precautions should be heavy. Rumour has it the North Koreans shot some guy in the head for leaving isolation. True or not true, that might be extreme - though depending on how this plays out, penalties for non compliance in our part of the world may progress to extreme measures.

This is no paltry manner, and should be thought of and challenged in the strongest possible manner.

[BJcountingmaster]

As long as you don't touch your 401k , and you stocks , they will be back . So I don't think you will be suffered from any financial loss at all.
just like most people you won't be able to enjoy this banquet.

I switched all my 401 k from large growth to stable value late January suspecting that Chinese flu would be eventually spreaded out to the world.

Still it will stay in stable value until this virus be wiped out.

Zee
There is no covid 19 shots yet available like there is for the flu, and yes, I get a flu shot every year.

This is a geometric progression very similar to the bubonic plague of a few hundred years ago, though perhaps not as deadly, or the Spanish flu of 1918,19. Let me put this into simple terms.

Take a chessboard. Put 1 cent in the first square. Double it to 2 cents in the second square, and double it again to 4 cents in the 3rd square. Keep the progression and let me know what square you’re on until I’ve wiped out your net worth. Keep the progression going until you’ve reached a sum which equals your state’s deficit levels. Once youve done that, keep the progression going. The 64th square will be a mind numbing value. This is similar to how this virus will progress without intervention. Even though the death values are “not yet’ that high, without strict adherence to procedures designed to slow and stop the infection rate, death rates will spiral.

Beating the curve will drop the infection rate, human nature will relax and infection rates will again increase, though not to its previous levels, the cycle will repeat, and then repeat again and so forth. I think it took about a 12 or 18 months to beat Spanish flu.

Effects on business and employment levels will also be astronomical. Like it or not, Government financial intervention will need to be massive to both prop the economy and include provisions for support to those without fallback resources. Without doubt, increase to Government deficits will wipe out any prior efforts of fiscal control. Repairs to that situation will have to occur after the fact.

Many of us, including myself, have suffered huge financial losses. The effect on each of us will vary depending on our actual market mix, but eventually, the market will bounce back.

Despite the horrific nature of all that is going on, we all need to take ownership of our particular situations and each do our parts to help contain this. Penalties for hoarders and those not taking proper sanitary precautions should be heavy. Rumour has it the North Koreans shot some guy in the head for leaving isolation. True or not true, that might be extreme - though depending on how this plays out, penalties for non compliance in our part of the world may progress to extreme measures.

This is no paltry manner, and should be thought of and challenged in the strongest possible manner.

[Freightman]

As long as you don't touch your 401k , and you stocks , they will be back . So I don't think you will be suffered from any financial loss at all.
just like most people you won't be able to enjoy this banquet.

The key is not to panic. Much of what I have are in safe conservative holdings paying consistent predictable dividends and interest. The value of holdings have dropped, but the income generated should be okay. Up until recently, I’ve never taken any dividends or interest for personal spending. I’ve recently (prior to this mess) directed a monthly sum to be directed to my wife, to assist her in her side of the monthly household budget. This monthly sum comes from the cash position of non registered stocks. RRSP’s (Canadian equivalent of IRA’s) have also dropped in value, but as yet, withdrawals have not been made. I expect that to recover, and when the time is right tax wise, to withdraw from those funds on the recovered value.

[davethebuilder]

Your losses are only on paper if you don't sell and the market may still go lower before it recovers. The timeline is unknown but history can provide some guidance as to how these events play out. Due to the downturn in business companies will have to lay off staff and draw on reserves so many may end up paying lower dividends in the foreseeable future. Interest rates are already very low so that limits using them as a stimulus but substantial action from governments will be needed to moderate the effects of this problem. Fortunately, we live in advanced western countries with decent health care facilities.

[21forme]

I rred this: https://twitter.com/danajaybein/stat...07541491494912

It's very good and some of the lines didn't have to be changed!

[Norm]

Your losses are only on paper if you don't sell

Yeah, I'm waiting for my Pan Am stock to come back.