1. #2321
    Quote Originally Posted by Shadowferal View Post
    Well, the person I bet that the stock market would get below 21k has conceded.
    *pockets $5*

    I think I see 15k for the Dow...hmm I wonder if that would be a safe bet...say by mid-summer.
    Did you mean mid-April? Actually, at 1k every 2 days, that is mid next week!

  2. #2322
    The Undying Breccia's Avatar
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    Quote Originally Posted by Masark View Post
    And no, that isn't supposed to say 1.4%.
    It does say 1.5% for the year. Honestly, when this started, I was leaning towards +1.5% for the year, which was bad enough. -1.5% is damning.

  3. #2323
    Quote Originally Posted by Masark View Post
    Ok, i'll stock up in arrows, a new bow, some ammo and some solar panels
    Forgive my english, as i'm not a native speaker



  4. #2324
    Quote Originally Posted by Zan15 View Post
    they spent 100 billion on stock buy backs and dividend payments
    Thanks for verifying, and for further clarification.

  5. #2325
    Quote Originally Posted by Masark View Post
    weirdly worded.

    if it was 2% and it drops 14%??? or they saying the total gdp for the quarter will come in at -14% instead of predicted 1.5%ish??

    - - - Updated - - -

    Quote Originally Posted by Thepersona View Post
    Ok, i'll stock up in arrows, a new bow, some ammo and some solar panels
    hahah you act like they are not already sold out.
    Buh Byeeeeeeeeeeee !!

  6. #2326
    Quote Originally Posted by Omega10 View Post
    So they spent 100 billion dropping their reserves from 300 billion to 200 billion?

    0.3 trillion makes it sound much worse than the 200 billion final total.

    0.3 trillion = 300 billion
    0.2 trillion = 200 billion

    Correct? I'm pretty sure I am, but now and again my brain looks at things funny.
    Yes. The dropped their reserve through merger and acquisition. In Apple' case acquisition of 16 companies for their technology. Also, they diversified their manufacturing so they are not solely dependent on Foxconn. They also fully automated several of their Chinese factories. Also some stock buyback.
    Last edited by Rasulis; 2020-03-18 at 08:28 PM.

  7. #2327
    Quote Originally Posted by Masark View Post
    It's a pretty grim article.

    The U.S. economy could shrink 4% this quarter and 14% next quarter, and for the year is likely to shrink 1.5%, a JP Morgan economist said on Wednesday, in one of the most dire forecasts yet issued for the potential hit from the coronavirus epidemic.

    U.S. chief economist Michael Feroli also forecast unemployment to rise to 6.25% by the middle of the year before easing to about 5.25% by year end as economic growth restarts. The forecast assumes the Fed will continue to find "creative" ways to support the economy and that the Trump administration and Congress deliver fiscal support of $1 trillion.

  8. #2328
    Quote Originally Posted by Rasulis View Post
    Yes. The dropped their reserve through merger and acquisition. In Apple' case acquisition of 16 companies for their technology. Also, they diversified their manufacturing so they are not solely dependent on Foxconn. They also fully automate several of their Chinese factories. Also some stock buyback.
    Most of that was funded through debt issuance not cash reserves from what I can see in their 10k's since debt issuance would not cause extra tax liability. Taking the reserves would since they would have to repatriate most of it from overseas as opposed to stock buybacks and dividends would not be as big
    Buh Byeeeeeeeeeeee !!

  9. #2329
    Quote Originally Posted by Bdatik View Post
    Sadly I believe that tweet is fake.

    https://twitter.com/ddale8/status/1237117940039856129
    Was gonna say this, Snopes found no evidence it exists either.

    This is why screenshots will aways be hot-garbage and why direct links matter.

  10. #2330
    Quote Originally Posted by Kokolums View Post
    I've invested in the markets since the 1980s. I've seen the market boom thru the 80s, the 90s, the 2000s, the 2010s. ALL the way up, every single year, people would cherry pick stats to argue the market is about to collapse when the market was clearly healthy and booming. They were all wrong.

    What makes you different?
    Man some of these posts are not aging well.

  11. #2331
    Quote Originally Posted by Rasulis View Post
    Yes. The dropped their reserve through merger and acquisition. In Apple' case acquisition of 16 companies for their technology. Also, they diversified their manufacturing so they are not solely dependent on Foxconn. They also fully automate several of their Chinese factories. Also some stock buyback.
    This sounds like more good news. Companies spending money to grow themselves, and make themselves a little less fragile in supply sources. Keep the good news coming

  12. #2332
    Quote Originally Posted by Zan15 View Post



    hahah you act like they are not already sold out.
    Remember, i live in Chile, not everyone here has bows and arrows (or firearms).
    Forgive my english, as i'm not a native speaker



  13. #2333
    Quote Originally Posted by Zan15 View Post
    Most of that was funded through debt issuance not cash reserves from what I can see in their 10k's since debt issuance would not cause extra tax liability. Taking the reserves would since they would have to repatriate most of it from overseas as opposed to stock buybacks and dividends would not be as big
    I did not check their 10K, but their long term debt did go down from 97 billion in 2017 to 91 billion in 2019.

    - - - Updated - - -

    Quote Originally Posted by Omega10 View Post
    This is not humor. This sounds like legitimate good news. Could you give a list of the stocks that are maintaining their value and the stock ranges they have been trading between? This would give us an indication of which companies are still stable.
    There is nothing magical. Per Zan's response, all of them are considered long-term investment stocks. They are stable with growing revenue and profit, low overhead, low corporate debt and large cash reserves. You don't get rich overnight investing in these stocks. But if you have 20 - 30 years, they are good low risk stocks. They are considered good buys at times like this.

    Forgot to add, these companies' products are used pretty much by everybody throughout the world. If you are in desktop publishing you are using Adobe products, Words and Excels are pretty much used by everybody at the corporate level, and although their market share has declined a lot, Oracle still has the overall largest market share in the RDBMS universe.
    Last edited by Rasulis; 2020-03-18 at 09:25 PM.

  14. #2334
    Quote Originally Posted by Thepersona View Post
    Remember, i live in Chile, not everyone here has bows and arrows (or firearms).
    ohhh you ain't be one of dem hillbillies in the USA USA Murcia 2A....huh??

    Buh Byeeeeeeeeeeee !!

  15. #2335
    Quote Originally Posted by Breccia View Post
    It does say 1.5% for the year. Honestly, when this started, I was leaning towards +1.5% for the year, which was bad enough. -1.5% is damning.
    If the economy contracts 15% in Q2 there's absolutely no way its going to end up -1.5% over the full year. Zero zilch nil chance.

    That lost GDP is gone until there is some resolution to the coronvirus crisis, so that people and the economy can start functioning normally again. Then its going to take about another 6 months after that to get everything working again.
    Quote Originally Posted by Redtower View Post
    I don't think I ever hide the fact I was a national socialist. The fact I am a German one is what technically makes me a nazi
    Quote Originally Posted by Hooked View Post
    You haven't seen nothing yet, we trumpsters will definitely be getting some cool uniforms soon I hope.

  16. #2336
    Quote Originally Posted by Thepersona View Post
    Remember, i live in Chile, not everyone here has bows and arrows (or firearms).
    Once this entire thing is righted i might head back down to Chile, i absolutely loved my time in La Serena a few years back.

  17. #2337
    Quote Originally Posted by Rasulis View Post
    I did not check their 10K, but their long term debt did go down from 97 billion in 2017 to 91 billion in 2019.

    .
    Their debt pile has grown since 2015

    $ 91,807 - 2019
    $ 93,735
    $ 97,207
    $ 75,427
    $ 53,329 - 2015

    - - - Updated - - -

    it just got reaaaaaaaaal mother fuckaaaaaaaaaa



    https://www.marketwatch.com/story/ne...?mod=home-page


    New York Stock Exchange to close trading floor after employee, trader test positive for coronavirus


    The Intercontinental Exchange, Inc. ICE, -8.73% said late Wednesday that the New York Stock Exchange will temporarily close floor trading and move to fully electronic trading on Monday after a trader and a NYSE employee tested positive for COVID-19. "Trading and regulatory oversight of all NYSE-listed securities will continue without interruption," the exchange operator said. The NYSE equities trading floor in New York, the NYSE options trading floor in New York, and the NYSE Arca Options trading floor in San Francisco are to close, the company said. The move is a "precautionary step to protect the health and well-being of employees and the floor community in response to COVID-19," it said. "NYSE's trading floors provide unique value to issuers and investors, but our markets are fully capable of operating in an all-electronic fashion to serve all participants, and we will proceed in that manner until we can re-open our trading floors to our members," said NYSE President Stacey Cunningham said in a statement. Later on, the NYSE confirmed that a trader and an employee had tested positive for the virus. Both were screened at a security checkpoint and not permitted to enter the building this week.
    Buh Byeeeeeeeeeeee !!

  18. #2338
    Herald of the Titans D Luniz's Avatar
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    Quote Originally Posted by Zan15 View Post
    *snip*

    it just got reaaaaaaaaal mother fuckaaaaaaaaaa



    https://www.marketwatch.com/story/ne...?mod=home-page


    New York Stock Exchange to close trading floor after employee, trader test positive for coronavirus


    The Intercontinental Exchange, Inc. ICE, -8.73% said late Wednesday that the New York Stock Exchange will temporarily close floor trading and move to fully electronic trading on Monday after a trader and a NYSE employee tested positive for COVID-19. "Trading and regulatory oversight of all NYSE-listed securities will continue without interruption," the exchange operator said. The NYSE equities trading floor in New York, the NYSE options trading floor in New York, and the NYSE Arca Options trading floor in San Francisco are to close, the company said. The move is a "precautionary step to protect the health and well-being of employees and the floor community in response to COVID-19," it said. "NYSE's trading floors provide unique value to issuers and investors, but our markets are fully capable of operating in an all-electronic fashion to serve all participants, and we will proceed in that manner until we can re-open our trading floors to our members," said NYSE President Stacey Cunningham said in a statement. Later on, the NYSE confirmed that a trader and an employee had tested positive for the virus. Both were screened at a security checkpoint and not permitted to enter the building this week.
    amazed they didnt make the switch when the mayor called for the bans on any group over 50

  19. #2339
    Quote Originally Posted by D Luniz View Post
    amazed they didnt make the switch when the mayor called for the bans on any group over 50
    non essential social groups over 50
    Buh Byeeeeeeeeeeee !!

  20. #2340
    Herald of the Titans D Luniz's Avatar
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    Quote Originally Posted by Zan15 View Post
    non essential social groups over 50
    I get they werent included, but as a writing on the wall sort of thing, they should have switched then or even earlier.

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