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A comment on April Unemployment Rate Rose to a Record 14.7%. Parent comment

Re:April Unemployment Rate Rose to a Record 14.7% by ceejayoz on Friday May 08, 2020 @10:23AM (#23115140)
I'm not prepared to take the unlimited downside on that, but I did largely get out of the market recently. The Dow hit the 7000s in the last recession, and every indication is that this one will be far larger.
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Re:April Unemployment Rate Rose to a Record 14.7% by frockington1 on Friday May 08, 2020 @11:25AM (#23115805)
Theres many ways to do that without unlimited downside. Buy long dated puts. If you really think the DOW will hit 7000, then buy gold because everything will crumble. What bad news do you expect to cause the market to decrease by 70%? States are opening up with success and even South Dakota who did absolutely nothing seems to be doing pretty well
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Re:April Unemployment Rate Rose to a Record 14.7% by ceejayoz on Friday May 08, 2020 @11:28AM (#23115840)
> What bad news do you expect to cause the market to decrease by 70%?

The recession we've just entered?

> States are opening up with success

Sure, and the Iraq War was winding down back in 2003.

https://en.wikipedia.org/wiki/Mission_Accomplished_speech

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Re:April Unemployment Rate Rose to a Record 14.7% by Spooky23 on Friday May 08, 2020 @12:33PM (#23116589)
When companies miss their revenue by 5%, the stock plunges. We're in a reality where whole industries are nuked.

I'm friendly with the guy who owns a gas station franchise -- his business is down 90%. The oil company, CocaCola bottler, candy distributor, Frito-Lay franchisee, gift card network, etc are all feeling that.

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