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Yup. That's a bunch of crap. My son is sitting on week 6 now and the damn state's unemployment phone line says we aren't taking calls. I'm assuming interest is accruing on DFS card in the meantime. He'll eventually pay it as he knows the value of a good credit score to the things he wants to do in life.
Timing was pretty bad for this post, market will run on Gilead and pressure gold a little.
There are a lot on non minimum wage earners who got paid off and honestly are still being laid off.
Gilead with somewhat positive trials on RemdesivirAre we going to get a bounce off that horrible economy news today?
Is it a coincidence that this was announced at the exact same time as the 4.8% drop in GDP?
And that was Q1, which had what a week of actual shut downs? Wait until Q2. Stocks look positive but since Amazon seems to go the opposite way, I’ll probably have a lagging day. I’m not optimistic at all. I’ve got enough cash on the sidelines to go to work but this optimism is the same as mid February as if the CV didn’t exist. The hit to the economy is real and as I said above, those companies that trimmed aren’t going to add everyone back for a while. Places will make do with less until forced to add staff.Are we going to get a bounce off that horrible economy news today?
Everyone in the market has easy access to cheap money. This is why you own gold, and if it gets slaughtered today by those dumb enough to think it’s a hedge against chaos (when really, it’s a hedge against central banks destroying fiat), you take advantage. With positive CV news and the Fed giving the green light to party, could get a good opportunity in the coming days on GOLD.
Do they have to maintain payroll based on the government assistance? Seemed like a lot of the loans and stuff had conditions baked in, but I don’t know about Boeing.
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To that end, Boeing looking to raise debt, as much as $10 billion. I guess the market is very binary now. If you aren't going bankrupt, you go up, no matter what your numbers are. If you are going bankrupt, well maybe you can also go up like AMC.
Yea I don’t know. Looks like we are strictly forward facing now and that will just be explained off as an occurrence of a once in a lifetime event.
I used to think "how can banks lose Money"? We found out in 2008 that they can be just as dumb as anyone.
We've seen only marvel and SW (which was a waste, but whatever) in theater. Everything else can wait. I wouldn't be at all against shutting down movie theaters.
Maybe. But I'll hang on and wish I had bought more.
I'm not even assuming we get a dividend, the company will be fine long term.
It's nuts. Every time I start thinking "this is crazy, I need to pull back into a more conservative portfolio" the market rises. I guess I can just pull the trigger into a 70/30 split. Or just a bit off my current 90/10 (I transferred a bit yesterday into G and F funds)Are we going to get a bounce off that horrible economy news today?
Oh, there's risk for sure. But at the current valuation I'll happily keep.
Not anytime soon. Debt trades below 5%. Have the implicit backstop of $17bn from the Treasury. Believe the deadline is May 1st so would assume they'll be out in the market raising debt and will backfill with government funds. Wanted to see how onerous the Treasury terms would be. I don't have enough of a view long-term to make a prediction. But their balance sheet is likely to come out of this a mess that dividends/buybacks are likely done for a while. Could still be a GM situation where government backstops the company through bankruptcy.
I can't tell if this is satire or you are serious. If the latter, seems pretty out of touch to me with the reality for a lot of people.
It's true for the majority. The vocal minority would have you think otherwise.
I sold some, just seems like there will be a bit of a vacuum until this paper gets reviewed, looking to re-buy back over the next few days.
I'm thinking more politically/logically. Can one company (Airbus) produce most of the aircraft for the world? Can that one company (and others chasing like Bombardier and Embraer) not include a company based in the US?
I'd say they have plenty of other backup options as well. 'Gilead didn't work, try this one in a 1/2 hour'.Is it a coincidence that this was announced at the exact same time as the 4.8% drop in GDP?
I personally believe it kinda has a lot to do with what @fantasycurse42 is saying (as I'm of a similar belief). Worldwide--government issued currently is going to drop with all of the stimulus going on. Will this happen in weeks or maybe months--maybe not--but governments cannot just print trillions and trillions of dollars out of thin air and expect nothing to result from it. People that have money to spend/invest are not wanting to get stuck with lots of it knowing that cash is an asset that is going to sink soon. Stocks are an investable asset--and being that it seems that the big companies that are on the markets are getting boat loads of cash immediately while the small businesses are allowed to go extinct--even overpaying now for a stock will be a bargain later. I've said it before--the way we are printing money--there will be far more cash than there will be investable assets. This is bullish for stocks, precious metals , and real estate (maybe not all commercial) in the long term.
More and more everyday I'm thinking no. Don't fight the fed. Seems like they'll keep dumping in whatever they can and I don't expect that to stop anytime soon. Lots of forward thinking and giving passes on any negative Q1 results too. I expect the same for Q2. Other things that I keep hearing is all these big money guys on CNBC saying how they still have 40-60% cash. What kind of bounce will we get when they decided to get back in?
Yes, but the bottom of the V is still 4-8 weeks out
All kinds of unfilled jobs right now. Unless a job is offering 70k plus your better off not working. Sons gf was furloughed and is getting a pay increase while her coworkers have to do her job and probably wish they got the furlough. Small business loan that doesn’t have to be paid back is a going to result in profits for any company able to keep any type of revenue flow going.
As the market has moved up he's moved his top (before a pullback) up to 3k. See his chart. As long as it remains in the channel, it keeps going up. That's where his 2850 comes in. That number is below the ending diagonal (I believe they call it that). Not sure about the shooting star stuff. https://www.investopedia.com/terms/s/shootingstar.aspFOMC today and important factor in if $SPX sees 3k. Bears had a shot yesterday but failed so far - shooting star candle & new high with bearish daily RSI divergence. Key levels now: Bears need to confirm the shooting star by losing 2850, otherwise we continue to my ~200dma target
What does Mancini mean here?
Fair. I just think bankruptcy is this boogeyman term. Liquidation should be the real concern of anyone worried about our airline/defense industry but to your point, I'd bet someone would buy BA's operations and just run them better. But I hear ya. If I had to guess, I'd say you're right. I just try to stay away from those scenarios especially since the market is pricing in some support already.
They are really focusing simply on the treatments and potential cure for the virus and ignoring the bad news of layoffs and business going out of business, assuming I guess that once the virus clears up, all is back to normal and there will be no damage.
I can't find that one anywhere in investopedia.
Is that when the doji candlestick spears the star.
I think people are relying on the Fed a bit too much. At a certain point, the Fed isn't going to pump trillions into the stock market if the dislocation between main street and wall street persists. It doesn't really help with their mandate. Not trying to turn this into a referendum on the Fed. But it seems like the market is overly relying on the Fed. The press conference will be fascinating but I wouldn't be surprised to hear Powell back off some. Just don't see the Fed proactively buying stuff although its goal of stabilizing the market has already been achieved.
Two proton torpedoes shot into the reactor core.I can't find that one anywhere in investopedia.
