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

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

#11

Earlier quoted context omitted.

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 compan…

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.

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

#12

Earlier quoted context omitted.

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 ca…

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.
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