That sub-.500 club with two bad pitchers is us! Though I don't think 29 wins makes the playoffs.
I still think the trade deadline will have some action, the returns just won't be as good for the sellers. But they'll want to unload salary. If a team is 20th in the league but low-budget they won't necessarily try to make a run, especially with no additional playoff revenue from hosting games (not that they'd get that anyway with no fans).
You could also argue that if you acquire a great player at the trade deadline this year it's like getting him for half the season, instead of 1/5th of the season.