Your weekly dose of batsoup virus

Look there's a lot of stupid fucking memes here, might as well post some retarded updates instead, I want to bring some semblance of the old wsb back where it was a mix of retard and autism, and well, if I'm the one doing it there's plenty of both.

coronavirus

• not much has changed in terms of trajectory from last week

• if you want more info regarding this https://ns.reddit.com/r/wallstreetbets/comments/fmyjt8/your_weekly_dose_of_batsoup_virus/ https://docs.google.com/document/d/1L1EcKgHpeP-1gAnLZlBPa9bfCGRtU-aiWmT9vpGv8gI/edit

• the shitshow that is currently the American government (brits finally realised they have no exceptionalism here) is not getting better, HOWEVER it looks like local state governments are in comparison working much better.

• Boris got the bat flu but honestly at this point who the fuck cares.

• Looks like there were communication issues with GM that's gotten old Donnie boy riled up

• Italy was a lot worse off than I thought. The main thing is that they did respond quickly as it got bad and the richest area still got hit incredibly hard. They're on full martial law with no walks outside allowed. http://www.youtube.com/watch?v=ed-kXdLvYOY&t=29m5s

• Once again check out r/medicine for full depression.

Massive fed pump and baiting

• JPOW effectively came up and out saying that they'll backstop all loans with infinite lending and massive QE, pumping the market harder than Winker on l2fba

• They fucking delayed the senate bill and boomed a few of us that were expecting it to end up like 2008 where stocks sold off after senate approval.

Unemployment numbers

• Official unemployment numbers are currently at 3.2 million, cutoff was March 20th

• this should've been bearish but the market was primed by a wide range of numbers and they did a double whammy with senate bill and QE to infinity

• also there might be some credence to uncertainty in a bull market is bearish while uncertainty in a bear market is bullish, everyone's looking for excuses to get in.

• The autism crew currently estimates the unemployment claims to be at 6 million

• https://docs.google.com/spreadsheets/d/1WLJ1j7igM88C2XysCuN4lMH7W2NUdZq4dnO0DbyR7H4/edit#gid=0

Trading stuff

• Look stop putting stop losses in obvious places, I can't reference the forum here but there was a lot of bullfuckery going around at SPX 2600 to 2605

• Everyone from r/investing to technical traders to good fundamental analysts to r/stockmarket to macro analysts are expecting another drop, I've never seen so much agreement on anything of this level.

• https://imgur.com/UzVxwEa

• Personal opinion: I'm thinking worst case scenario for traders is that the when market looks like it's taking a huge shit they shut the market down cause at this point they're setting themselves up to enormous failure. Might just be my paranoia speaking.

Stuff that might be worth reading

• https://medium.com/@tomaspueyo/coronavirus-the-hammer-and-the-dance-be9337092b56

• https://ns.reddit.com/r/wallstreetbets/comments/fqk15o/fallen_angels_shitty_cars_worse_debt_and_what_it/

• https://ns.reddit.com/r/wallstreetbets/comments/fqrvki/the_war_of_the_bankers_or_how_the_hedgies_are/

• not that useful just thought that looking for active funds that did well is probably going to be something that retard investors are all going to go in droves here, there's probably an opportunity somewhere.

• https://ns.reddit.com/r/wallstreetbets/search?sort=new&q=flair%3ADD&restrict_sr=on&t=da

• https://ns.reddit.com/r/wallstreetbets/comments/fq5hrm/former_disney_insiders_detail_issues_w_disney/

Edit - I'm sure there's lots of stuff I missed, I'll edit things as I get my scrambled notes in order.

• https://trends.google.com/trends/explore?q=how%20to%20trade%20stocks&geo=US take this one how you will

• Blackrock got an enormous contract with the fed https://finance.yahoo.com/news/fed-hires-blackrock-agency-cmbs-210001155.html, if I wasn't so bearish I might've gone in on the first day despite being late on the news.

• Japan is starting to get more and more record cases too, this continues the idea that no matter who you are, you cannot ignore this issue and get away with it r/japan for more details. Its now more a question of whether their hospital bed number will save more lives or not (dunno how many vents they have).