Coronavirus/Economy/Stock Market

[Coronita]

[quote=svelte][quote=Coronita]
Side note. I don’t know why CA calls this program “worksharing” because one isn’t really working. A more accurate name might have been “free loading sharing” , but I guess “work sharing” sounds better.
[/quote]

The theory is that, instead of having a company layoff, say, 1 person out of 10 they keep all 10 employed 32 hours instead of 40. The company still keeps everyone on the payroll and the state still pays unemployment, but this encourages companies to eventually get to a point where all 10 are back to full time. If someone gets laid off entirely, there is less chance the company will ever bring them back.

So in essence, the work is shared during the downturn instead of having one person out of work completely.

I think it’s a smart program. Face it, the state was going to pay unemployment one way or the other. Might as well do it in a manner than nudges the company into keeping everyone – with a return to full time likely.[/quote]

I totally agree this program is awesome. Just the name sounds funny.

[Coronita]

https://finance.yahoo.com/news/hertz-preparing-file-bankruptcy-soon-214218216.html

Hertz filing for BK

[svelte]

[quote=Coronita]https://finance.yahoo.com/news/hertz-preparing-file-bankruptcy-soon-214218216.html

Hertz filing for BK[/quote]

Well there ya go. Rob they burned you again.

[Coronita]

Well that was unexpected. I got a $500 check from my dependent care flexible spending administrator. I forgot to submit my receipts before the January 2020 deadline so I thought I forfeited $500 with of dependent care reimbursements, especially since I got a denial letter after arguing with them a few times….

Well, the administrator ended up cutting me a check 4 months later. Apparently, due to being furlowed 1 day, it automatically triggered some weird benefit clause in our plan that says effectively removed any sort of submission deadline for those that had their employment terms modified in any sort of way, even temporary. Not sure why there would be an extended deadline for people that had their employee terms temporarily affected versus others that have not, but I don’t care. I get $500 that I thought I had forfeited. On a roll!

[img_assist|nid=27103|title=weird|desc=|link=node|align=left|width=400|height=300]

[Coronita]

Carnival Cruises CCL
Stock price a few weeks ago $12.50. Today $17.90 . Sold! ha ha ha ha.

I would assume for most people who got into the markets in March-April have akk good YTD returns now given all the steals that happened during that time when there was panic about when businesses would reopen. But given how Americans are completely undisciplined and could not possibly remain locked down for more than a lot of months, it seems like everything is reopening after just a few weeks instead of months, even much sooner than I thought we would…Good news i guess for all those that took the speculation while the sky appeared to be falling in march-april…How could one not have at least a decent YTD by now if that was done. Me thinks if you dont die from covid, you’ll probably come out of this better than you went in. lol

Thanks Covid

[scaredyclassic]

ugh. the cruise industry is just the worst.

i got this book to try to talk my family out of a cruise.

didn’t work.

basically it’s an ecological nightmare ship with slaves down below. the abuses are unbelievable.

if the cruise industry just totally died, the world would be 23% better

[Coronita]

[quote=scaredyclassic]ugh. the cruise industry is just the worst.

i got this book to try to talk my family out of a cruise.

didn’t work.

basically it’s an ecological nightmare ship with slaves down below. the abuses are unbelievable.

if the cruise industry just totally died, the world would be 23% better[/quote]

The tobacco industry is worse, but they are doing well during covid with everyone stuck at home.

[scaredyclassic]

[quote=Coronita][quote=scaredyclassic]ugh. the cruise industry is just the worst.

i got this book to try to talk my family out of a cruise.

didn’t work.

basically it’s an ecological nightmare ship with slaves down below. the abuses are unbelievable.

if the cruise industry just totally died, the world would be 23% better[/quote]

The tobacco industry is worse, but they are doing well during covid with everyone stuck at home.[/quote]

im fine with tobacco. people want to get intoxicated with tobacco leaf, that’s their business. cruise ships are just so bad for the ocean and human rights. no comparison. im pro tobacco, pro weed, pro peyote, anti-cruise, anti-slavery.

[Coronita]

[quote=scaredyclassic][quote=Coronita][quote=scaredyclassic]ugh. the cruise industry is just the worst.

i got this book to try to talk my family out of a cruise.

didn’t work.

basically it’s an ecological nightmare ship with slaves down below. the abuses are unbelievable.

if the cruise industry just totally died, the world would be 23% better[/quote]

The tobacco industry is worse, but they are doing well during covid with everyone stuck at home.[/quote]

im fine with tobacco. people want to get intoxicated with tobacco leaf, that’s their business. cruise ships are just so bad for the ocean and human rights. no comparison. im pro tobacco, pro weed, pro peyote, anti-cruise, anti-slavery.[/quote]

Glad I have the scardey seal of approval to own shares of Altria.

[scaredyclassic]

no moral issue with plants.

only with taking poor people from poor countries through suspect employment agencies and unenforceable contracts to international waters and not letting them off the ship or paying them as promised while they overwork them in intolerable conditions and never let them above deck. it’s prison… to me , going on a cruise should be intolerable. you are literally partying on top fo the underclass who slave to care for you.

I wonder what would happen if I bought a few hundred copies of that that cruise ship expose book a nd handed out free copies onboard. i’d probably be held in the brig

or dumping bilge in the ocean.i believe psychedelic mushrooms will be legal in CA by 2025.

[scaredyclassic]

i just had an idea for a fund. trump should start it. it’d probably be wildly successful. it’s the OPPOSITE of socially responsible funds. call it the politically incorrect fund. any stock that pisses off liberals is in it.

[Coronita]

smart dude. wish I had more guts

https://finance.yahoo.com/m/b40142b8-1941-3985-a432-2a017728ca55/investor-turns-100-000-into.html

Speculator turns $100k into $2.2 million on cruise industry bet.

I have a feeling March-April was one of those once in a lifetime chances.

[The-Shoveler]

“I have a feeling March-April was one of those once in a lifetime chances.”

It definitely was a good bounce ( I know a few who played it well).

Not sure it is over yet IMO.

Bought a little SPYD (Still down about 25% from high and paying about 6%), just enough to keep eye on, will buy more if market takes another dump which I still think is possible.

[Coronita]

[quote=The-Shoveler]”I have a feeling March-April was one of those once in a lifetime chances.”

It definitely was a good bounce ( I know a few who played it well).

Not sure it is over yet IMO.

Bought a little SPYD (Still down about 25% from high and paying about 6%), just enough to keep eye on, will buy more if market takes another dump which I still think is possible.[/quote]

Perhaps. Don’t know. My trading account’s YTD is roughly back to where it was pre-covid at around , slightly more with the last few trades with AMD options, Moderna, and Carnival Cruises, roughly 15.26%

I’m sure people who were sitting out on the fence since the beginning of this year and planned to jump all in at the absolute low did very well if they jumped all in during March/April timeframe. Some stocks are trading at multiples of their March/April levels. So that all or nothing strategy suggested by some might have worked really well if their timing was spot on. Of course for me, I never trusted my exact timing with just one hand, so I would never make drastic large one hand plays. That prevents me from making a huge score like that guy above did with cruise stocks, but hopefully it will also significantly reduce my chances of taking a huge bath in case my timing is off, as it usually isthe case. There’s a bunch of volatility still. AMD was down to $49 yesterday on this China tech cold war scare. Then by the end of the day it was back up to $52. Ive been buying back and selling Jan 2021 $55 calls a few times now since it seems like we’re stuck between the $49-$56 for some time.

Plus, this year I finally get to claim some extra money from UI benefits for all these years I paid into the UI system and never made a claim. lol.

[ltsddd]

Sell in May and go away? When exactly in May – the 1st or 31st? I’ve taken a little $$ off the table the last few sessions. Small caps is up roughly 40% since beginning of April.

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