OT Dow Jones Down (1 Viewer)

Welcome to our community

Be a part of something great, join today!

Register Log in

Users who are viewing this thread

Total: 2 (members: 0, guests: 2)
Hoopguru said:
It will take a while but there will be new business's poping up as demand increases. Interest rates will remain very low for a while so there will be restructuring going on too with new investment's into capital.
Capitalism has a way of flashing the field for short and long term growth. Hopefully low interest rates will keep inflation down some.
Click to expand...

But that's part of the problem I see ahead...demand, IMO, will be down for quite awhile...again, I hope I'm wrong.
 
yankeesince59 said:
But that's part of the problem I see ahead...demand, IMO, will be down for quite awhile...again, I hope I'm wrong.
Click to expand...
It will take a while but do you really think when Apple announce's IPhone 12 &13 our kids and grandkids arn't going to go out and purchase one? Smartphones used to be a luxury high end product now they are a consumable like toilet paper.
 
Hoopguru said:
It will take a while but do you really think when Apple announce's IPhone 12 &13 our kids and grandkids arn't going to go out and purchase one? Smartphones used to be a luxury high end product now they are a consumable like toilet paper.
Click to expand...

Iphone sales are a small part of our economy, besides, their sales help other countries as much as they do the US.

I'm not implying that the economy will improve, but you will not likely see 3.5% unemployment again in the foreseeable future, if ever.
 
Last edited:
yankeesince59 said:
Iphone sales are a small part of our economy, besides, their sales help other countries as much as they do the US...I'm not implying that the economy will improve, but you will not likely see 3.5% unemployment again in the foreseeable future, if ever.
Click to expand...
agree, I wasn't implying that Phones would turn the economy around. Its just We in this country like to consume all the latest and greatest.
 
Hoopguru said:
agree, I wasn't implying that Phones would turn the economy around. Its just We in this country like to consume all the latest and greatest.
Click to expand...


Yeah, I gotcha.

..Apple generates about $70 Bil a year to the US economy...and they have over $350 Bil in cash, but most of it is overseas.

FWIW, I just saw Trump's new campaign video...he's claiming 2.5 "NEW" jobs were created last month...they aren't new jobs, but instead, people who returned to work after being laid off/furloghed because of the virus thing.

But his base will buy anything he says.
 
Hoopguru said:
It will take a while but do you really think when Apple announce's IPhone 12 &13 our kids and grandkids arn't going to go out and purchase one? Smartphones used to be a luxury high end product now they are a consumable like toilet paper.
Click to expand...
apple will always recover

Small businesses are getting hit hard right now, well at least the one I work for
 
Hoopguru said:
https://www.marketwatch.com/story/h...o-erase-all-post-bankruptcy-losses-2020-06-08

The travel and leisure industry is coming back slowing but surely.
Click to expand...

There is also a lot of propaganda being put out that I don't necessariy trust. I don't see us knowing very much until around Nov/Dec. Trump is hell bent on promoting the economy for reelection, but remember, him and his administration don't always tell the truth and blatantly lie about issues.

That article about Hertz rebounding is also based on the stock market. If it takes a hit it can wipe that out in a matter of a couple days as well. I am very cautious as to where we are at right now as we still have a 13-16% unemployment rate depending on who you believe. As things began opening back up it was expected it would improve, but it can also stagnate and reverse if we start seeing spikes and large numbers of infected after some areas that have opened prematurely and abandones the guidelines. At least Kate Brown has been very cautious and our numbers in Oregon are showing it. Places like Georgia, Florida and other areas not so well
 
yankeesince59 said:
I'm not implying that the economy will improve, but you will not likely see 3.5% unemployment again in the foreseeable future, if ever.
Click to expand...
Hopefully you're not using historically good performance indicator levels as a baseline for the economy having effectively rebounded.
 
CupWizier said:
There is also a lot of propaganda being put out that I don't necessariy trust. I don't see us knowing very much until around Nov/Dec. Trump is hell bent on promoting the economy for reelection, but remember, him and his administration don't always tell the truth and blatantly lie about issues.

That article about Hertz rebounding is also based on the stock market. If it takes a hit it can wipe that out in a matter of a couple days as well. I am very cautious as to where we are at right now as we still have a 13-16% unemployment rate depending on who you believe. As things began opening back up it was expected it would improve, but it can also stagnate and reverse if we start seeing spikes and large numbers of infected after some areas that have opened prematurely and abandones the guidelines. At least Kate Brown has been very cautious and our numbers in Oregon are showing it. Places like Georgia, Florida and other areas not so well
Click to expand...
ok
 
PtldPlatypus said:
Hopefully you're not using historically good performance indicator levels as a baseline for the economy having effectively rebounded.
Click to expand...


...no, I didn't say that. Hoopguru and I were having a discussion about recovery...it was merely an observation.
 
yankeesince59 said:
...no, I didn't say that. Hoopguru and I were having a discussion about recovery...it was merely an observation.
Click to expand...
Understood. Curious though what unemployment level you would view as indicating that the economy has effectively recovered. And no, I don't think there's a "right" answer for this question.
 
Im cautiously optimistic....and realize its a tough road ahead and many will need help to rebuild. Americans are resilient people.
 
yankeesince59 said:
Yeah, I gotcha.

..Apple generates about $70 Bil a year to the US economy...and they have over $350 Bil in cash, but most of it is overseas.

FWIW, I just saw Trump's new campaign video...he's claiming 2.5 "NEW" jobs were created last month...they aren't new jobs, but instead, people who returned to work after being laid off/furloghed because of the virus thing.

But his base will buy anything he says.
Click to expand...
I think many corp that are holding cash may invests in capital?
 
PtldPlatypus said:
Understood. Curious though what unemployment level you would view as indicating that the economy has effectively recovered. And no, I don't think there's a "right" answer for this question.
Click to expand...


I'd have to guess that the average over the last several years is 6-7%?...that would seem about right.

But here's the problem I have with the way the unemployment figures are tallied....unless I'm mistaken they're based on people who are actually seeking employment and don't factor in the people who are and have been on government cheese for years and have no intention or reason to work...I mean, why should they.

And to piggyback on that insanity, the recent stimulus package is giving folks $600+ a week unemployment benefits, which in many cases, is more than they were bringing home before being laid of/furloughed because of covid issues...again, why should they want to go back to work?
 
The stock market generally just tells you how the investment class is doing. Recessions hit much harder in terms of jobs, wages and cost of living. The stock market can theoretically be doing great while a majority of Americans are going through economic hardship.
 
barfo said:
Well, we almost reached the Emerald City. We were somewhere around Barstow, on the edge of the desert, when suddenly, there was a terrible roar all around us, and the sky was full with what looked like huge monkeys, all swooping and screeching and diving around us, and a voice was screaming: Holy Jesus. What are these goddamn animals?

barfo
Click to expand...
You saw them, too?
In my case I thought it was just all the tequila and weed.
 
Hoopguru said:
Thats a lousy indicator!
Click to expand...
It might be a lousy indicator but it is a very good example of a good opportunity. Hertz has been sitting at around $18-20 a share and tanked with this market drop (Recession). They were as low as .80 cents a share. Now sitting just over $5. In it's peak it was once over $80 a share. Even now buying 100 shares would be a very good bet. Your talking $500 with the possibility of going to $2000 or higher in the next year. This is a perfect buy and hold stock. Hertz has a very big name. And they probably will not fail. If nothing comes and it stays under $6 a share you lost nothing. Highly doubt it goes completely out of business.

This is what small investors need to be getting into. Options with a chance at 300% return over a year or two.
 
kjironman1 said:
It might be a lousy indicator but it is a very good example of a good opportunity. Hertz has been sitting at around $18-20 a share and tanked with this market drop (Recession). They were as low as .80 cents a share. Now sitting just over $5. In it's peak it was once over $80 a share. Even now buying 100 shares would be a very good bet. Your talking $500 with the possibility of going to $2000 or higher in the next year. This is a perfect buy and hold stock. Hertz has a very big name. And they probably will not fail. If nothing comes and it stays under $6 a share you lost nothing. Highly doubt it goes completely out of business.

This is what small investors need to be getting into. Options with a chance at 300% return over a year or two.
Click to expand...
I was being sarcastic...I guess im supposed to use some different color text?
 
kjironman1 said:
It might be a lousy indicator but it is a very good example of a good opportunity. Hertz has been sitting at around $18-20 a share and tanked with this market drop (Recession). They were as low as .80 cents a share. Now sitting just over $5. In it's peak it was once over $80 a share. Even now buying 100 shares would be a very good bet. Your talking $500 with the possibility of going to $2000 or higher in the next year. This is a perfect buy and hold stock. Hertz has a very big name. And they probably will not fail. If nothing comes and it stays under $6 a share you lost nothing. Highly doubt it goes completely out of business.

This is what small investors need to be getting into. Options with a chance at 300% return over a year or two.
Click to expand...

They've declared bankruptcy. There's no guarantee the stockholders won't be completely wiped out in the reorganization, even if the business survives.
Not saying one shouldn't invest, just that the potentially high reward comes with a high level of risk.

barfo
 
You must log in or register to reply here.
Back
Top