Bull Market officially over!! Year heading negative.

[Zan15]

On a lighter note I added several stocks to my conditional buy list.

Apple under $200. (probably not realistic)

Amazon under $1,650. It was at $1,641 on March 16.

Google under $900. (probably not realistic either)

My wife picked up ESCO at $65 and FB at $137. She is done for now.

msft hit that 135 wall again today, still waiting?


Apple, ya that is going to be a hard one especially with 1000 dollar checks going out.

Amazon, maybe. Its all up to two things. Can they keep supplies/goods coming in. And can they keep their workers in the warehouse. Deliveries will always continue because of no real touchpoints since they almost always just drop the package off at the door.
They could also kind of benefit from this

Google will still make money. only thing that could kill them is advertisement dries up but with more eyeballs on the web now that no one is working, they might actually also break even here.

[Bdatik]

I'll leave this gem here as we dip below when Trump was inaugurated.

Sadly I believe that tweet is fake.

https://twitter.com/ddale8/status/1237117940039856129

[Zan15]

FORGET THE STOCK MARKET

Who wants to come over and get this damn rider mower started for me!!!!

:P

[jeezusisacasual]

I bought some Carnival and American airlines stock today because while this is akin to dollar store shopping i feel both will rebound in the coming 3 years. I have also spent a new cars worth on Microsoft stock since it moved under 139$ which was my target. Also this is just my personal purchases and not financial advice.

But on to some more exciting news and information.

https://www.reuters.com/article/us-h...-idUSKBN2142PH

This is another interesting article mostly due to how i mange my clients assets and guide them but for a very simplistic overview of the problems persisting with most of the corporations in the American economy. I have long said on these very forums and to my co-workers that corporate debt is a monster waiting to explode that will require extensive bailouts and sweet heart deals, sure it could be worse as i know some will point out and that the overall leverage is not all doom and gloom but it is a problem and will continue to be a problem in our quarter by quarter business estimations.

https://www.cnbc.com/2020/03/17/cras...ance-rule.html

[Fahrenheit]

FORGET THE STOCK MARKET

Who wants to come over and get this damn rider mower started for me!!!!

:P

Mech. PE here... what's the pay?

[Shadowferal]

Mech. PE here... what's the pay?

one corona beer?

[Zan15]

Mech. PE here... what's the pay?

12 rolls of TP
1 pint hand sanitizer
2 buckets of rice!

- - - Updated - - -

lol -1337.....

nice little comeback in the last few minutes
I think senate pretty much is going to pass without much voting against....which is a good sign for part 2,3,4,5,6....

[Rasulis]

I bought some Carnival and American airlines stock today because while this is akin to dollar store shopping i feel both will rebound in the coming 3 years. I have also spent a new cars worth on Microsoft stock since it moved under 139$ which was my target. Also this is just my personal purchases and not financial advice.

But on to some more exciting news and information.

https://www.reuters.com/article/us-h...-idUSKBN2142PH

This is another interesting article mostly due to how i mange my clients assets and guide them but for a very simplistic overview of the problems persisting with most of the corporations in the American economy. I have long said on these very forums and to my co-workers that corporate debt is a monster waiting to explode that will require extensive bailouts and sweet heart deals, sure it could be worse as i know some will point out and that the overall leverage is not all doom and gloom but it is a problem and will continue to be a problem in our quarter by quarter business estimations.

https://www.cnbc.com/2020/03/17/cras...ance-rule.html

I remember reading that between 2016 and 2017 global cash reserve for non-financial companies went down by 9.5%. I have not been following up on that, but I assume it probably kept going down since then. The exception was the tech sectors. Five of the biggest tech sector companies back then (Microsoft, Apple, Google, and two more which I can’t remember right now) accounted for one-third of the global companies’ cash reserve in 2017. At one point (2018) Apple cash reserve was up to almost 0.3 trillion and then the shareholders complained. Including the short and long term securities, Apple cash reserve is now down to around 200 billions.

[Draco-Onis]

I remember reading that between 2016 and 2017 global cash reserve for non-financial companies went down by 9.5%. I have not been following up on that, but I assume it probably kept going down since then. The exception was the tech sectors. Five of the biggest tech sector companies back then (Microsoft, Apple, Google, and two more which I can’t remember right now) accounted for one-third of the global companies’ cash reserve in 2017. At one point (2018) Apple cash reserve was up to almost 0.3 trillion and then the shareholders complained. Including the short and long term securities, Apple cash reserve is now down to around 200 billions.

I fully expect given the current rates corporate debt is going to explode even more.

[Rasulis]

msft hit that 135 wall again today, still waiting?


Apple, ya that is going to be a hard one especially with 1000 dollar checks going out.

Amazon, maybe. Its all up to two things. Can they keep supplies/goods coming in. And can they keep their workers in the warehouse. Deliveries will always continue because of no real touchpoints since they almost always just drop the package off at the door.
They could also kind of benefit from this

Google will still make money. only thing that could kill them is advertisement dries up but with more eyeballs on the web now that no one is working, they might actually also break even here.

I am trying to find humor during the darkest time. Have you noticed how those stocks + Adobe, FB, Cisco, VMware, Oracle and few others won't go down beyond a certain point. After the initial large drop, they have been going up and down along a baseline.

[Zan15]

I fully expect given the current rates corporate debt is going to explode even more.

nah the govt is going to step in and allow refinancing which will allow some...umm...less than perfect...debt to be refinanced at much lower rates.

basically the same bail out as the shit storm shit mortgage debt

[Draco-Onis]

nah the govt is going to step in and allow refinancing which will allow some...umm...less than perfect...debt to be refinanced at much lower rates.

basically the same bail out as the shit storm shit mortgage debt

But but MAH SOCIALISM!!!!

[Zan15]

I am trying to find humor during the darkest time. Have you noticed how those stocks + Adobe, FB, Cisco, VMware, Oracle and few others won't go down beyond a certain point. After the initial large drop, they have been going up and down along a baseline.

Long term funds seem to all have the same down side limits before they are buying the stocks as great long term opportunities
every time I see a bounce off a floor for some stocks its always a huge purchase then sheep follow their leads.

[Omega10]

I remember reading that between 2016 and 2017 global cash reserve for non-financial companies went down by 9.5%. I have not been following up on that, but I assume it probably kept going down since then. The exception was the tech sectors. Five of the biggest tech sector companies back then (Microsoft, Apple, Google, and two more which I can’t remember right now) accounted for one-third of the global companies’ cash reserve in 2017. At one point (2018) Apple cash reserve was up to almost 0.3 trillion and then the shareholders complained. Including the short and long term securities, Apple cash reserve is now down to around 200 billions.

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.

[Zan15]

But but MAH SOCIALISM!!!!

well since its not giving money away I am sure it will be easy to explain to the right that its not SOCIALISM...umm...wait....never mind it will still be impossible.

[Shadowferal]

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.

[Breccia]

WOW...OH WOW....that is my new....avatar I think

Unconfirmed.

And it looks like we're ending on or around Jan 20. 2017. Read into that what you will.

[Zan15]

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.

they spent 100 billion on stock buy backs and dividend payments

- - - Updated - - -

Unconfirmed.

And it looks like we're ending on or around Jan 20. 2017. Read into that what you will.

damn that sucks I wish it was real

[Omega10]

I am trying to find humor during the darkest time. Have you noticed how those stocks + Adobe, FB, Cisco, VMware, Oracle and few others won't go down beyond a certain point. After the initial large drop, they have been going up and down along a baseline.

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.

[Masark]

Outside the stock market, JP Morgan is predicting a 14% drop in GDP for Q2.

And no, that isn't supposed to say 1.4%.