When are the furloughs?
03-24-2020, 01:58 PM
#42
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Originally Posted by Cyio
Just out of curiosity, how do you know this with such certainty? The dow just had its biggest day in a century. I think business and by extension people will be pulling out of this quicker than you think. Will it be painless, no it won’t. I however don’t see this as a lost decade event.
03-24-2020, 02:01 PM
#43
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Originally Posted by Cyio
Just out of curiosity, how do you know this with such certainty? The dow just had its biggest day in a century. I think business and by extension people will be pulling out of this quicker than you think. Will it be painless, no it won’t. I however don’t see this as a lost decade event.
one up DOW day doesn’t mean squat. It’s going to get much uglier before it starts to get better. Tomorrow will be another up day likely and then the day traders will send the markets plunging by weeks end. DOW 15K or 10K or worse is a real possibility in our future.
03-24-2020, 02:04 PM
#45
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Originally Posted by Cyio
Just out of curiosity, how do you know this with such certainty? The dow just had its biggest day in a century. I think business and by extension people will be pulling out of this quicker than you think. Will it be painless, no it won’t. I however don’t see this as a lost decade event.
We're nowhere close to over the hump with this thing. Numbers will increase rapidly over the next several weeks. Trump's goal of an April 12th resumption is a death sentence for many. He's defying all the smart people around him who are telling him a very different story.
03-24-2020, 02:17 PM
#46
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Originally Posted by Cyio
Just out of curiosity, how do you know this with such certainty? The dow just had its biggest day in a century. I think business and by extension people will be pulling out of this quicker than you think. Will it be painless, no it won’t. I however don’t see this as a lost decade event.
Wouldn't be surprised if we see a 5 pct decline tomorrow. If this bill doesn't pass tonight, a 10 pct decline. Let's see what Asian and European markets do tonight...
03-24-2020, 02:19 PM
#47
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Oh, and unemployment numbers are released Thursday. It will be a bloodbath in the markets. Remember, we're only back to early 2017 market levels, and the market was already overvalued without Corona.. What we're about to go through will make the past few weeks' decline seem gentle.
03-24-2020, 02:32 PM
#48
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Originally Posted by Turbosina
Oh, and unemployment numbers are released Thursday. It will be a bloodbath in the markets. Remember, we're only back to early 2017 market levels, and the market was already overvalued without Corona.. What we're about to go through will make the past few weeks' decline seem gentle.
Nothing that comes out this week should be a surprise. The virus has been front and center in this country for weeks now. My guess is the market fall won’t be as bad as you think.
03-24-2020, 02:33 PM
#49
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Originally Posted by dead meat
This is incorrect. I'm still trying to get the final number, but it is somewhere around 80-85. Please don't spread false information.
03-24-2020, 02:57 PM
#50
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Originally Posted by WhiskeyDelta
Nothing that comes out this week should be a surprise. The virus has been front and center in this country for weeks now. My guess is the market fall won’t be as bad as you think.
Ultimately, a stock price is the market's best projection of a company's future profitability, usually with an eye towards the next couple quarters. That's really all it is. In times of extreme volatility, investor emotion also plays a huge role, of course.
But look at it this way: the major US indices are about back where they were right before Trump's inauguration in Jan 2017. Now ask yourself: will corporate revenues and profits for Q2 and Q3 2020 be better than they were for 2017, or worse?
Answer there is pretty obvious.
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