Stock Futures Hit Limit Down as Market Waits for Senate Aid Package | Hacker News Reader

Stock Futures Hit Limit Down as Market Waits for Senate Aid Package

nasdaq.com

7 pointsranadeep10 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.

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.

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

I'm going to get $LVS if it drops under $40 and $DIS below $84 for Apr 17 near the money.

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.

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.

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.

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.

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.

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

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