Look for the most beaten down BEFORE the chit hit the fan. The Saudi Russia oil spat has caused a crisis in shale production, but they are still pumping (for now) and have to transport it. So.....

Pipeline stocks.

I’m not an expert but I’m no dummy either.

Trump is touting that we are buying up any excess oil and filling the strategic oil reserves which I believe can hold 300 million more barrels.

With the war powers enacted l believe he may put tariffs on imported Saudi oil to prop up shale producers or even throw up an embargo.

Do your own due diligence of course.
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our economy was rock solid
by almost any measure. i’m not dying in any hill, just stating what the data and most experts were saying. no market can survive people not being able
to spend money. consumer
spending is a key.

i don’t see this drop as any indication of economic weakness. markets were up, companies
making solid profits and growing, unemployment at historic lows, low inflation, gdp increasing, energy independence, jobs numbers crushing expectations, wages rising, where were the red flags?

I agree on trumps personal style.
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Heres a question for you market guys

How is a 1000 or 1200 dollar 1 time check going to help anyone realistically. Or is this just to help the markets .

A 1000 bucks barely covers 1 months rent or 500 a car payment

Clearly something is better than nothing

But wouldnt frezzing interest and loan payment on mortages, cars, rent with out penalties help more Americans

By having those payments added to the end of their loans
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Too bad everyone wasn't as smart as these 2. FYI Burr voted previously against a ban on insider trading. He also is Eben's 2nd cousin.

WASHINGTON (AP) — Senate Intelligence Committee Chairman Richard Burr, R-N.C., sold as much as $1.7 million in stocks just before the market dropped in February amid fears about the coronavirus epidemic.

Senate records show that Burr and his wife sold between roughly $600,000 and $1.7 million in more than 30 separate transactions in late January and mid-February, just before the market began to fall and as government health officials began to issue stark warnings about the effects of the virus. Several of the stocks were in companies that own hotels.

The stock sales were first reported by ProPublica and The Center for Responsive Politics. Most of them came on Feb. 13, just before Burr made a speech in Washington, D.C., in which he predicted severe consequences from the virus, including closed schools and cutbacks in company travel, according to audio obtained by National Public Radio and released Thursday.

Burr told the small North Carolina State Society audience that the virus was “much more aggressive in its transmission than anything that we have seen in recent history” and “probably more akin to the 1918 pandemic."

Burr’s remarks were much more dire than remarks he had made publicly, and came as President Donald Trump was still downplaying the severity of the virus.

There is no indication that Burr had any inside information as he sold the stocks and issued the private warnings. The intelligence panel did not have any briefings on the pandemic the week when most of the stocks were sold, according to a person familiar with the matter. The person declined to be identified to discuss confidential committee activity.

Burr said on Twitter Thursday that Americans were already being warned about the effects of the virus when he made the speech to the North Carolina State Society.

“The message I shared with my constituents is the one public health officials urged all of us to heed as coronavirus spread increased,” Burr wrote. “Be prepared.”

Burr sent out the tweets before reports of his stock sales. A spokesperson for the senator said in a statement that Burr “has been deeply concerned by the steep and sudden toll this pandemic is taking on our economy” and supports congressional efforts to help the economy. The spokesperson declined to be identified in order to share the senator’s thinking.

The North Carolina senator was not the only lawmaker to sell of stocks just before the steep decline due to the global pandemic. Georgia Sen. Kelly Loeffler, a new senator who is up for re-election this year, sold off hundreds of thousands of dollars worth of stock in late January, as senators began to get briefings on the virus, also according to Senate records.

In the weeks that followed, Loeffler urged her constituents to have faith in the Trump administration's efforts to prepare the nation.

“@realDonaldTrump & his administration are doing a great job working to keep Americans healthy & safe,” Loeffler tweeted Feb. 27.

The Daily Beast first reported that Loeffler dropped the stock in late January. The senator is married to Jeffrey Sprecher, the chairman and CEO of Intercontinental Exchange, which owns the New York Stock Exchange.

Senate Intelligence Chairman Richard Burr (R-N.C.) dumped between $582,029 and $1.56 million of his stocks on Feb. 13, days after writing a Fox News op-ed that said the U.S. is "better prepared than ever before" to face public health threats like the coronavirus, according to ProPublica.
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This seems like a smart move by this man. I would guess that most here would have done the same. This is how money is managed.
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Three other senators also sold major holdings around the time Mr. Burr did, according to the disclosure records: Dianne Feinstein, Democrat of California, who is also a member of the Intelligence Committee; James M. Inhofe, Republican of Oklahoma; and Kelly Loeffler, Republican of Georgia.

because if a huge volume
of people spend that extra money, it helps the small businesses recover from the crushing lack of rev he thats pulverizing them now.

shortens the length of time it takes for businesses to recover lost revenue, which means less layoffs, and that’s a key thing.

The $1,000 doesn’t change anyone’s life. but it will help keep people employed as that money is spent and re spent.
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Thats my point the seagulls will swoop in on the foreclosures of the little guy who would have been saved if his mortgage payments and interest and penalties were waved , till this was over , but he got was a 1000 bucks

i suspect, though don’t know for sure, that banks will be willing to give people who are severely impacted by this, a few months. banks don’t foreclose when you miss a payment or two, if there’s any reasonable chance you’ll get back in your feet, it’s better and cheaper for the banks to work with you. Id bet a lot that we don’t see foreclosures like we did in 2008. Giving everyone a little money does help the bartenders in the end, not because their 1,000 saves them, but because it increases the chance that things recover quicker.


there’s also a lot more to the aid than 1,000 checks to individuals. All kinds of loans and grants to small business. that will also help. minimizing unemployment is a high priority here, and helping businesses with a short term cash crunch, will keep unemployment down.
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i think senators who used non-public information to dump their portfolios, have some serious explaining to do.

If they relied on non public information...
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I have no faith that banks will defer anything.. you get 3 months behind on a mortgage plus late fees and your credit score destroyed you'll never recover even if you get back to work

of course they did ,,, but how does anyone prove it ..


if it walks like a duck its a duck ...

This is the 1-month anniversary of the S&P record high.

Quite a month, eh?

Some people simply get a tip from respected sources whom they trust.
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we will see. obviously we both hope that people
impacted the most are given a chance to recover.

People claw their way back all the time. it’s not easy or quick, but it happens.

my hope is that the relief package provides loans to banks to allow them to be more forgiving than usual.

Saw that Amazon is hiring 100,000 new employees right away, that’s big.

like you, i’m lucky enough to not be too impacted, i can work from home. I wish everyone was as secure.
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Banks will likely be just as forgiving as they are legally required to be.
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That's not what happened after 2008...

Go on...
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there were all kinds of efforts by banks to find ways to help
people stay in their homes. i had neighbors with a nice house who struggled , they worked with the bank for over a year. not everything was mandated by law, there was a lot of back
and forth negotiating.

it’s much cheaper and easier
for banks to keep existing homeowners in their homes, then to try to foreclose and sell.
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I say BS! BankAmerica screwed everyone they could, including us. Sold one of our two "connected "loans we were advised to do in a re-fi, which prohibited us from doing another re-fi for over ten years! Hardly any pay down on principle over that time. Eff BankAmerica as hard as I can. AND then they want to charge you to cash a check drawn on their accounts if you don't have an account.... (many RI based banks do this in Mass. Eff them too)
Really, Chris??? A Senator?
The best thing that could come out of all this is to equal out the gross inequity of the wealth distribution in this country.... Going to be a hell of a new tax code coming to pay for all this. I hope the heavy load hits the upper class and one percenters HARD! There is not one of the wealthy that didn't get there without #^&#^&#^&#^&ing someone and ruining the life and dreams of others. Get ready for a 70% tax rate and hyper inflation.

demonstrably false. come on.
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Ross that’s to real and to reasonable for this group, I agree with your post and those senators profiting on non public information is basically inside trading. They really need to make stock trading for senators and congressman illegal, as they are constantly getting non public intel that can and does impact the market.

United Airlines Threatens To Cut Jobs If Coronavirus Aid Package Isn't Passed


Like I said a 1000 or 1200 check wont do #^&#^&#^&#^&. Suspend all mortgage car credit card payments and interest and fees for 90days. Anything else is window dressing

the female senator from GA swears up and down that she turned over control of her account to financial advisors who make trades without telling her until after. Sounds good.

But if it’s true, she had the best stock pickers in the world. Her advisors dumped almost everything she owned - airlines, energy, retail. The only stick they bought was Citrix, a company which makes software so people
can work from home. That’s a hell of a stock picker, boy.

Burr and Feinstein need to go. Bye bye.
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Who is that senators husband again....... ?
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Jim, I started with Merrill Lynch in 1980 and was in the business through 1999. I can categorically state that those that got ahead got there at the expense of others. As did the clients they served and skimmed off of. I was there. Saw it. Old boy network became musical chairs. Survival at all costs. Saw it. Lived it. I was a victim. I was expensed so that another could get himself ahead. Got my legs cut out at my weakest point during a divorce and could not recover. I am not that guy that could live that life and sleep at night anyway :hs:

probably a biden relative :laugha:

did i read he’s the president of the NYSE?

her story is a good story on paper, and probably what elected officials
should be doing. But the trades seem too perfect.
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i didn’t say that zero rich people
got rich by hurting others. of course there are scumbags out there, i never said otherwise.

You said every rich person got there by hurting others. that’s laughably false. Plenty of wealthy people are decent people. Not all. But more than zero, a lot
more.
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it's been a problem for a long time...members of congress should not get away with it...they and their family members and connections are all profiteering on their "public service"...oh, except bernie :rollem:

He knows that statement was born from scorn. A lot of passion but a lot of inaccuracies.
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thats true. but these jerks dumped their stocks, and at the same
time, are giving speeches about how strong the economy is. They’re acting like the executives at Enron. it’s really, really dirty.
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12 pack of Charmin $19.99 at CVS this morning. One per customer. More corporate profiteering off the public at the worst of times.

Ben Dover..... calling Ben Dover.

i am sorry that happened and i sure couldn’t do it either.
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Ross, you didn’t have to be Kreskin to see this scourge was coming. Being proactive with the market is the first response for some.
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Chris, you know from where I am coming. Of course not zero. There is no absolute to be defended here. But there is about to be another round of musical chairs with layoffs coming in the financial sector. Many are about to have their outlook and self worth changed dramatically. They will be joining the eye doctors signing up for unemployment benefits, an exercise they could not have ever thought they would be doing themselves. Then we will see how they feel about the CEOs of their industry "earning" their multi million salaries, raises and stock options. I suspect they will feel some of the passion too.

Draining the swamp? How many in Congress will not survive this I wonder....

hopefully lots from both sides of the aisle...I like turnover in Washington....speaking of which...I heard biden is going to try playing president and give daily press briefing on what he would be doing if he was president...this should be wildly entertaining...

Bank Of America going beyond...

https://www.foxbusiness.com/markets/...navirus-crisis
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