100% agree, we have barely touch the surface.
Dow is Down 900+ points Today 2/24/2020
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100% agree, we have barely touch the surface.
Shut the country down and this is what happens. No other choice though. I think a lot of these are gig economy and food service, but that's just a guess on my part.
Just have to see how Wall Street interprets these numbers. If Trump is smart he will immediately address this in his briefing.
Of course. Those numbers also only reflect As of March 11th.
I’m worried that people will not want to go back to work. That bill proposed 600$ A week plus whatever regular unemployment. That’s probably more than some people make working regularly.
We are in unprecedented times... if we can get a solid treatment for CV and get the country back to normal by summer, we might be OK.
If not, people will need those 4 Months.
A select few will, but I doubt the majority will become couch bums. But I doubt most will be fine being without health insurance for longer than they have to. If provided by their former employer.
@RedVenom48 Ford is down to the low $4, and i still wouldnt touch them with a 10 foot pole. They’re ****ed. Point blank.
That said, I picked up some Wynn at $40, MGM at $9, and Live Nation at $24. Im looking hard at the airline stocks right now, and am waiting to pull the trigger for now.
The ones i got were too good to say no to-all of those will absolutely explode once there is a cure or vaccine and everyone is greenlighted to travel again.
A LOT of celebrating and partying will be happening at that point, and i feel vegas will be banging again.
That said, I picked up some Wynn at $40, MGM at $9, and Live Nation at $24. Im looking hard at the airline stocks right now, and am waiting to pull the trigger for now.
The ones i got were too good to say no to-all of those will absolutely explode once there is a cure or vaccine and everyone is greenlighted to travel again.
A LOT of celebrating and partying will be happening at that point, and i feel vegas will be banging again.
Just a warning that you may need to hold onto Wynn and mgm for a while. Our bottom was deeper in 2008 than the rest of the US and it took a lot longer for us to dig out of the hole. Vegas will get hit harder than most of the US. We are a service and hospitality economy. We will rebound but out bottom will be lower this time around too. I hope I’m wrong tho...
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Agreed.
I only spent about 10% of my target goal money on those ones. I do plan on sitting on them for awhile, i just couldnt pass up the deep discount. If they go down further, i’ll grab more.
Vegas may take a bit to get back, but it will get there. Its vegas, and it remains a worldwide destination.
My concern with Vegas is that the assumption is that people will return to normal. A significant amount of their high rollers come from Asia. Will they travel internationally for fun like they once did. What happens when the next virus hits us. I guarantee we will lock stuff down immediately whip sawing the hospitality business again. I just think it is a risky play. Retail will also shift forever.
many businesses will return to normal in 30 days. There WILL be a HUGE market bounce. Might take 4 months might take 2 years. moral of the story: buy NOW. people that made millions were the non-pussies that stayed in the 08 market and bought heavily into stock and housing.
Respectfully I disagree with your opinion that many businesses will back to normal in 30 days. That being said mine is just an opinion as well. Doesn’t make mine better than yours. Everything I am seeing and hearing directly from key stakeholders suggests a material impact that will extend dramatically longer than 30 days. I agree the market will come back but how fast and to what degree is unknown. I do agree with your general sentiment often shared by a market pundit “pigs get fat, hogs get slaughtered”. Anybody that thinks they can truly call the bottom wouldn’t be spending their time opining on svtp - myself included. They would be too busy looking down on Jeff Bezos as the 2nd richest person in the world. Hopefully this response doesn’t come as a lecture. My point is we are both wrong - just not sure who is the most wrong.
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When the malls open back up, gonna be a LOT of empty store fronts.
wishful thinking in my opinion. What makes you say this out of curiosity?
Really, it is quite awful thinking about how hotels, restaurants and tourist areas are all interconnected and all the businesses that support them are just being jug ****ed.
many businesses have already claimed so, by the end of this month. Mainly large businesses, not small (obviously)
Where do I put my monies?
Would you buy OILU now?
If I get the Coronas, I am getting bit by a tick so I can have my Coronas with Lime.
lolwut? OILU is no longer trading
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