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CoronitaParticipantOne thing that is positive…. Moderna is down to $67/share…. Suckers!
CoronitaParticipant[quote=ltsddd][quote=Coronita]
I’m wondering if people like me who was furlowed for 1 day also count… Hey, I’m part of the problem now… Woohoo.[/quote]
Also, how many people who were too lazy to look for a job and didn’t care to work but are now collecting unemployment checks?[/quote]
Hey, now… I resent that. I looked.. I can’t help it if no one wants to hire a senior manager for 1 day / week to manage an engineering project that he hasn’t worked on. 🙂
But to your point I wouldn’t call it lazy completely. Some people are probably scared shitless for needing to work and be in front of people who might be infected. For a minimum wage job, I wouldn’t want my kid to work at a restaurant right now either. Not worth it.
CoronitaParticipant[quote=ltsddd][quote=scaredyclassic][quote=ltsddd][quote=Coronita]Unemployment numbers keeps going up, but surprisingly don’t see equity markets further tanking. Porque?[/quote]
Many factors. There’s one that people tend to overlook. The selling was fast and furious that took out a lot of the weak hands – the lemmings, the johnny comes lately, the overly extended joes and the living on the margins janes. I think that phase of selling in Mar and the buying afterwards reestablish the new bases for stocks that is now already factor in the virus, vaccines, unemployment, etc. The stock market seems to have a positive bias towards any good news about the virus vs the bad news.
That said, the indexes are up about 30% from the lows on Mar 23. I would expect people to look for an exit point to lock in their profits at some point. Personally, I plan to liquidate some of my holdings and park it in cash today.edit:
BTW., the nasdaq is positive for the year. The rally was broad.[/quote]Because none of it is directly tied to reality.[/quote]
Sadly, you’re correct. But then we have crossed that line many, many moons ago. We all have to adapt and just go with the flow.
BTW., the unemployment numbers are over-inflated. How many teenagers do you know that barely worked for a handful of hours at a boba shop before all this and now getting a windfall of ~$1000/week for unemployment? Shoot, I know of at least a few.[/quote]
I’m wondering if people like me who was furlowed for 1 day also count… Hey, I’m part of the problem now… Woohoo.
CoronitaParticipant[quote=ltsddd][quote=scaredyclassic][quote=ltsddd][quote=Coronita]Unemployment numbers keeps going up, but surprisingly don’t see equity markets further tanking. Porque?[/quote]
Many factors. There’s one that people tend to overlook. The selling was fast and furious that took out a lot of the weak hands – the lemmings, the johnny comes lately, the overly extended joes and the living on the margins janes. I think that phase of selling in Mar and the buying afterwards reestablish the new bases for stocks that is now already factor in the virus, vaccines, unemployment, etc. The stock market seems to have a positive bias towards any good news about the virus vs the bad news.
That said, the indexes are up about 30% from the lows on Mar 23. I would expect people to look for an exit point to lock in their profits at some point. Personally, I plan to liquidate some of my holdings and park it in cash today.edit:
BTW., the nasdaq is positive for the year. The rally was broad.[/quote]Because none of it is directly tied to reality.[/quote]
Sadly, you’re correct. But then we have crossed that line many, many moons ago. We all have to adapt and just go with the flow.
BTW., the unemployment numbers are over-inflated. How many teenagers do you know that barely worked for a handful of hours at a boba shop before all this and now getting a windfall of ~$1000/week for unemployment? Shoot, I know of at least a few.[/quote]
I’m wondering if people like me who was furlowed for 1 day also count… Hey, I’m part of the problem now… Lol.
CoronitaParticipantIs it also because people are getting their UI benefits? I mean. I wasn’t expecting to get $1050/week for being furlowed. That’s an extra $4200/month of unplanned income…$1200/month more than if I were to work 5 days instead of 4.
Consequently, I’m going to drip invest an extra $1200 each month into my vanguard index funds since I wasn’t expecting the extra $1200/month and putting it into and index fund, it can’t go to $0(equivalent of not getting anything extra from UI)
I’ll invest $1200 more while I work less hours until at least July when the $600 federal cheese stops and/or when I have to go back to a 5 day work week and earn less money.
Wait….that sounds so backassward.
CoronitaParticipant.
CoronitaParticipantUnemployment numbers keeps going up, but surprisingly don’t see equity markets further tanking. Porque?
CoronitaParticipant[quote=The-Shoveler][quote=The-Shoveler]It seems no one knows LOL
IMO SWRC should do OK.
Weekly mortgage applications point to a remarkable recovery in homebuying
Also Lowes had blowout earnings numbers so people are spending money on RE.[/quote]
Of course they are. When their UI benefits are paying them more than when they worked, people have both money and free time for more home improvement and car projects. Just like me…. heh heh.
CoronitaParticipant[quote=outtamojo]University of Ca. imposes pay freeze…on non-unionized employees. I can just hear some of those employees in their break rooms asking each other why they didn’t join a Union.
I don’t see anything wrong with a salary freeze. they are lucky it wasn’t a salary cut. Most aren’t even teaching
CoronitaParticipanttold you these forebearances have some side effects.
Can’t refinance loans.
Can’t take out new loans.
(IE, if you found a new property at a good price and need a new loan, you might not be able to get one).Still think the UI benefit gravy train is the better option to go.
CoronitaParticipantAs I was saying….
Young join rich fleeing american big cities for suburbs…
Lol…Also, today in the news. Corporations adjusting accordingly….
Citi Eyes Offices in Suburbs to Ride Out Manhattan Recovery
CoronitaParticipantThe thing I don’t get is all these people claiming they can’t pay rent. What’s going on?
Nevada’s UI benefit is $407/wk (maximum) + $600 federal benefits. That’s $1007/wk… How can people not afford the rent?
Seems more like shysters trying to get a free lunch. ….Vegas style.
CoronitaParticipant.
CoronitaParticipantCities on the verge of a covid driven housing crisis
SF, LA, Fresno, Bakersfield, Riverside, Sacramento on the list. Scottsdale, AZ too.
SD #24
Las Vegas at the top of the list.
Interesting read.
https://www.usatoday.com/story/money/2020/05/20/cities-on-the-verge-of-a-covid-driven-housing-crisis/111782790/ -
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