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ltsddd
Participant[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.ParticipantI am motivated. I am going to try to tether my phone to my wireless router. This may save me about $100/mo.
Participant[quote=Coronita]Total bill for 1 night was $16,000. [/quote]
Isn’t this here is what’s rotten about our health care system?
Participant[quote=utcsox][quote=bpnbpn]You are right. It’s a confirmed news. Great to see AZ getting this opportunity. BTW, I also saw this news:
Zoom is opening up an office in Phoenix area.[/quote]
Counter point. Perhaps, you shall read how it turn out for Wisconsin from another Taiwanese business Foxconns.
My exact thoughts.
Participant.
Participant…and the nasdaq is in the black for the year.
Participant[quote=scaredyclassic]If the economic benefits to a pregnant woman outweigh the costs of an abortion, then she should be permitted to abort.[/quote]
Assuming that the costs and benefits have been accurately quantified.
Participant[quote=The-Shoveler]Is the next common cold going to turn into ebola?[/quote]
Why would a common cold turn into ebola?
What exactly do you know about the coronavirus? What did you know about it 3-4 months ago? Common sense tells you that there are good reasons why the scientists recommended and the Gov’t imposed the lockdown. It wasn’t done b/c it’s a hip thing to do.
Participant[quote=The-Shoveler][quote=FlyerInHi]Are we defeating ourselves?
Interesting talk between Ian Bremmer and David Sinclair, a geneticist.It’s gonna be bad.
https://youtu.be/evWd_YKkDns%5B/quote%5D
I agree with this point.
if not open now, then when?How much longer can we stay closed?
At some point you are going to have to make the trade off.
Staying closed for 3 more months IMO is not a option, neither is another 3 years.[/quote]
One reasonable answer is the country should reopen when the scientists have a good understanding of the characteristics of the virus.
Is 3 months or 3 years would still be too long if it was something more like Ebola?
ParticipantDidn’t all the big banks passed the stress tests a year or so ago?
ParticipantIt’s pretty apparent that the small local businesses are the ones that got disproportionately impacted by the virus (shutdown) the most. I don’t know of anyone in the tech (generally white collar jobs) that has lost their jobs b/c of this.
I hope everyone will make an extra effort to support their local businesses once the lock down is lifted. Maybe I’ll get my hair cut twice a week instead of twice a month.
ParticipantI certainly would keep an eye on things. I am a little fearful of the “2nd wave” of the virus in the fall + the upcoming election. Hopefully, between now and then there will be a nice exit point to lock in the profits.
For sure, I don’t want to get caught shorting the market on the flip side of this corona virus thing. Mark Cuban said that much.
ParticipantGot to stay nimble and creative. We’re still too often hearing folks saying “…had I bought X number of of props during the housing market downturn I would be blah blah blah”.
Well the problem is they didn’t. The opportunity was there for everyone. It came down to those who do and those who don’t. We’ll see in a couple years how this worked out.
Participant[quote=FlyerInHi][quote=ltsddd][quote=Coronita]I think those that were buying things when oil went negative will be handsomely awarded in the long run. Not just oil, but when everything was tanking out of fear. Good job folks. lol[/quote]
If you’re not a buyer during the last a couple months. You’re not trying.[/quote]
What were those things you bought?[/quote]
Moved most of my cash into the stock markets. Left some cash for a down payment for a house. The money that were already invested in the markets were shifted from safer “value” mutual funds to small caps. So far it has worked out quite well (or as well it can be given how much the market tanked in early March).
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