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Re: Stock market!!!!😯 [Re: alarmguy] #5391847 04/02/20 12:37 PM
Joined: Mar 2008
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Ws6 Offline
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Originally Posted by alarmguy
Originally Posted by Ws6
Originally Posted by PimTac
I expect the cruise ship industry will be forever changed after this. They have had problems for a long time with other illnesses that spread throughout the ship despite the efforts to stay clean. Packing thousands into a tight space is probably not going to looked upon favorably from here on out.

Consolidation is going to happen in the travel sector whether it’s cruise ship companies, airlines, hotels or whatever.

It was fine after the Titanic. It was fine after the Lusitania. It was fine after SARS. It was fine after MERS. It was fine after Ebola. It will be fine again.


I got to agree with PimTac but that is just my wife and I.
after many years we were tempted by a cruise but get too grossed out, then lately, last year or two we might have been getting closer to going on one, well, once again, not anymore!
But that is just us, other family members who just cancelled theirs will be going in a year once this clears up. So whatever, but not for us.

People can't even stay away from their local walmart RIGHT NOW. No way the vast majority is going to stay away from a cheap good time in 6-12mo...

Re: Stock market!!!!😯 [Re: Mr Nice] #5391849 04/02/20 12:38 PM
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Ws6 Offline
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Originally Posted by Mr Nice
Originally Posted by stockrex
unemployment claims #s are the biggest window dressing curd in the world, it does not reflect the true extent of the problem.
1099s are not included in some states.

Don't forget an extra 1.5 million folks that could NOT file for unemployment because state UE websites crashed and lots of people did not file.

6.6M + 1.5M = 8.1M



I know lots of people filing now that are having severe processing difficulties. The ultimate numbers will be devastating. This will FAR outstrip any damages done by the virus, IMO.

Re: Stock market!!!!😯 [Re: motor_oil_madman] #5391882 04/02/20 01:23 PM
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PandaBear Offline
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The cruise industry will be forever changed after this. New regulation will be around to protect public trust and make the density lower, safer for everyone. This is like how SeaWorld changed after Shamu killed a trainer, roller coaster accidents, water slide decap a kid, etc.

This all leads to the profit being much lower from now on, and less fun, less sales, etc. The industry will survive but the stock price and profit will suffer. I'm not going to buy until the dust settle a bit first.

This is like saying GM / Ford / Chrysler will always be around, so it is always safe to buy their shares.


"You keep asking questions PandaBear and you'll end up a vegetarian like my wife" - Camu Mahubah
Re: Stock market!!!!😯 [Re: motor_oil_madman] #5391891 04/02/20 01:33 PM
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JeffKeryk Offline
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Would you risk going on a cruise ship? If so, you cra...


2018 Tesla Model 3, Medium Range Battery
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Re: Stock market!!!!😯 [Re: motor_oil_madman] #5391936 04/02/20 02:48 PM
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007 Offline
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My Carnival stock SUNK! LOL

Re: Stock market!!!!😯 [Re: JeffKeryk] #5391959 04/02/20 03:25 PM
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Wolf359 Offline
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Originally Posted by JeffKeryk
Would you risk going on a cruise ship? If so, you cra...


I'm not sure any cruises are sailing now. Most are canceled til May and who knows what will happen once we get closer. Maybe once there's a vaccine or cruises just for people who have recovered.

Re: Stock market!!!!😯 [Re: alarmguy] #5391978 04/02/20 03:49 PM
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ZeeOSix Offline
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Originally Posted by alarmguy
Anyway, to cut to the chase, there are and always will be good investments. In my post, my meaning is an opinion on where our economy is heading and no one really knows, past history shows it always rebounding quite nicely.
With that said, this world event was a rule breaker and quite honestly, (TO ME PERSONALLY) its no catastrophic event at all but in this modern age with 24 hour news, that the public at large actually watches for entertainment purposes, hours and hours a day, they still do not know the true facts of any situation because the way its presented is for entertainment, not true hard numbers with explanations.
So I dont think ever in the last few decades Governors across this great country ordered all businesses to close their doors, go out of business (this to me was the event not the virus) and wait to the day they give the green light.


So apparently the experts in the CDC don't know what they are talking about <sarcasm>. There are numbers and explanations. Yes, the media sensationalizes it, but for the most part they do report/reflect what's going on. Listen to more than one biased news source and do some self investigation of the information to make a logical conclusion of what reality is.

IMO, this economic impact will not "rebound quite nicely" like in the past. It will rebound, but there will be a lot of long term impacts that will make some things in the economy change and take a long time to adjust to and recover from.

Re: Stock market!!!!😯 [Re: motor_oil_madman] #5391999 04/02/20 04:11 PM
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007 Offline
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So now the market closed up but I lost almost 10K. Gosh I have to stop following this and yes I know it depends on where your investments are.

Re: Stock market!!!!😯 [Re: 007] #5392011 04/02/20 04:28 PM
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Mr Nice Offline
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Originally Posted by 007
So now the market closed up but I lost almost 10K. Gosh I have to stop following this and yes I know it depends on where your investments are.

What did you invest in to lose $10K ?

Re: Stock market!!!!😯 [Re: motor_oil_madman] #5392016 04/02/20 04:41 PM
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Same stuff I invested in back in 2003? Was always the 6-7 guy on a scale of 1-10. Need to take a closer look but last time I gave my investment guy a chance to redirect my allocations he stated to stay the course as many of my funds were closed off to new investors. Gonna have to revisit that recommendation.

Re: Stock market!!!!😯 [Re: motor_oil_madman] #5392019 04/02/20 04:46 PM
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mightymousetech Offline
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Man, I wish I was only down 10k. But now is the time to buy, buy buy. Well, maybe not yet. I think the DOW and S&P are still going to crash as US death tolls start to sky rocket.


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Re: Stock market!!!!😯 [Re: motor_oil_madman] #5392034 04/02/20 05:20 PM
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Y_K Offline
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WW effect without bomb raids. In regards to the collective West shows how fragile we are. One doesn't need no nukes...


β€œThis disease making us more cruel to one another than if we are doggs.” -- Samuel Pepys 1666
Re: Stock market!!!!😯 [Re: motor_oil_madman] #5392050 04/02/20 05:35 PM
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mightymousetech Offline
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And be careful what you invest in. Looks like the stimulus package may have triggered a housing market crash.

https://www.ccn.com/did-the-fed-just-accidentally-trigger-a-housing-market-crash/


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Re: Stock market!!!!😯 [Re: motor_oil_madman] #5392107 04/02/20 07:19 PM
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We need buyers, back the truck up!


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Re: Stock market!!!!😯 [Re: motor_oil_madman] #5392182 04/02/20 08:55 PM
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Brace for the β€˜deepest recession on record,’ says BofA analysts, as jobless claims surge to 6.6 million...


Bubble Head link


05 Lexus GX470 175k
640:1 TCW-3
M1 0W40 XG-3614
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