OT Dow Jones Down (1 Viewer)

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barfo said:
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
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It does but I’m up about $500 already so I’m sticking with it.
 
barfo said:
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
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Over my 40 plus years of traveling and using rental cars I've learned it is a cutthroat business and Hertz doesnt have near the market share they used to have when OJ was their man.
There are so many players and several that are super competitive and usually Hertz is not one of them.
 
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.
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It's only a good bet if we don't suffer another relapse from the Covid-19 virus. It won't be safe for at least another year, maybe two.
 
Lanny said:
It's only a good bet if we don't suffer another relapse from the Covid-19 virus. It won't be safe for at least another year, maybe two.
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I actually don't even think it's a "Good Bet". It's a risky bet at best. But a risk with high rewards. Now if i was putting 100K into it the entire issue would be different.
 
wizenheimer said:
well, the Dow is down 5% today. Bet Don Jr. won't be crowing about this
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Weird reduction.
The hardest hit sectors are already down. This drop is different? This one worries me much more than the first one. Pretty much tells me this is gonna take a bunch more time to fix.
 
kjironman1 said:
Weird reduction.
The hardest hit sectors are already down. This drop is different? This one worries me much more than the first one. Pretty much tells me this is gonna take a bunch more time to fix.
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It likely dropped because Fed Reserve Chair Jerome Powell said exactly that--that it's going to take years to properly recover.
 
Minstrel said:
It likely dropped because Fed Reserve Chair Jerome Powell said exactly that--that it's going to take years to properly recover.
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Looks like he's right. just read the national debt is at about 55 trillion. Mind boggling numbers.
 
Here's what i really think.

I think a number of ultra rich people are all pulling the strings. They figured there was enough of a resurgence in the markets and decided to sell and make some money.
So they sold enough to get a crash and spook a bunch of other investors into selling.
Now they will take their winnings and buy again.
This has been happening since about 2016.
 
kjironman1 said:
Here's what i really think.

I think a number of ultra rich people are all pulling the strings. They figured there was enough of a resurgence in the markets and decided to sell and make some money.
So they sold enough to get a crash and spook a bunch of other investors into selling.
Now they will take their winnings and buy again.
This has been happening since about 2016.
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Excuse me, sir... but, I've got the Rothschild's holding on Line 1!
 
GoBlazersGo said:
I'm not sure what list you're referring to... but, the point is, that the practice you described has been taking place for centuries and was made famous by the Rothschild family.
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If I commit suicide in the near future you will know who to look to for answers.
 
Dow is off to its worst 6-month start since 1962
 
ABM said:
Dow is off to its worst 6-month start since 1962
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Good. We’ve needed a recession for awhile. Market needs to correct itself.

Inflation has been spiraling that way for years. The war hasn’t helped matters.
 
MickZagger said:
I’m excited to see how much my 401k will rebound in a couple years
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Nothing is gonna happen until the FED stops raising rates or printing money.

When we officially hit a recession, chances are, they're gonna not be as aggressive. Its gonna be a while though.
 
EL PRESIDENTE said:
Nothing is gonna happen until the FED stops raising rates or printing money.

When we officially hit a recession, chances are, they're gonna not be as aggressive. Its gonna be a while though.
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Strippers are saying their regular whales have been tipping less for a couple months. We're already in a recession.
 
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