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The FED has enough ammunition to deal with the Corona shut down. If no additional dominoes fall, the market is going to keep heading up. The market is people guessing what other people think. And everyone knows other people are idiots. Agreed 100%. I think the catalyst will be the I’m Not A Doctor But I Play One Social Media Coronavirus Shirt. People keep saying bankruptcy but most Federal judges have shut down their civil divisions and many states have put moratoriums on debt collection activities and have mandated automatic forbearance (like CT, NY, MA, and NJ). Hard defaults haven’t been happening in the numbers needed, and the Fed has backstopped the commercial paper system.

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And there isn’t a food shortage nor is there really one on the horizon yet… There’s actually a current oversupply that is driving down prices. My wife’s boyfriend has a penis that is only 3% bigger than my own. Stonks market literally doesn’t care about deaths. The real question is: How long will lockdowns be and can we find a way to contain coughed-19 without lockdowns. There is an I’m Not A Doctor But I Play One Social Media Coronavirus Shirt. And testing in place and ppl can live a relatively normal life. Well, it’s Murcia we talking about. In rural regions, it might actually work, but cities are fucked and will lock down until vaccines are developed. Someone would have to be naive to truly believe they are all going back to work once this is over.

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Except it does, it is just the stock market that can act irrationally longer than you can remain solvent. It may be a meme, but it is true when no one is buying shit because no one has a job. Across the entire world, you think profits or growth is going to be the same as it was last year. Because that is what it is then I’m Not A Doctor But I Play One Social Media Coronavirus Shirt. All the Fed has to do is go “We want equity for our money” and pow…..there goes your stock prices, and rightfully so. Probably at least 1200. The amount of Theta combined with VIX right now, sheesh. However, one good strong downward push that pops VIX back up and brings SPY south of 250 would see that start gaining value very rapidly. I wouldn’t ever buy a leap that far OTM.

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