Page 57 of 60 FirstFirst ... 7475354555657585960 LastLast
Results 561 to 570 of 596
  1. Collapse Details
    U-matic Member groveChuck's Avatar
    Join Date
    Jan 2007
    Location
    Miami
    Posts
    2,612
    Default
    Quote Originally Posted by Barry_Green View Post
    Yes there will be, and around 2033 those kids' generation will be known as the QuaranTeens.
    Rim shot!!!

    So is 2.5 Iron Butts 2 Iron Butts and an Iron Cheek? That engine sounds like a monster- enjoy!!!


     

  2. Collapse Details
    U-matic Member groveChuck's Avatar
    Join Date
    Jan 2007
    Location
    Miami
    Posts
    2,612
    Default
    Quote Originally Posted by Cary Knoop View Post
    Airlines are a great industry! Do you fly and take advantage of this industry like almost everybody?

    Yes, accidents happen but traveling by plane is generally very safe. The airline industry is a great thing, and essential to any nation.

    I don't get it, would you like to go back to the stone age?
    Cary, Cary, Cary- why the hyperbole? Where did I say I didn't fly and wanted to go to the Stone Age?

    "Accidents" do happen. But negligence does not an accident make. If a surgeon has a 3 martini lunch and leaves clamps and a dirty sponge in your abdomen, is that an accident? No, it's sloppy, stupid, unprofessional and negligent.

    ValueJet and Boeing knew the numbers ("value" of a life) and still cut corners. In the name of business.
    And that, put very simply, is wrong.

    You had a problem with eBay sellers marking up the price of N95 masks? Gouging, or "business"? What the market will bear?
    Nobody made anyone buy those masks...

    ValueJet went out of business, and Boeing deserves 200x extreme scrutiny of their spending of federal funds. Correction, of our money.
    And if they can't cut it, Darwin says they don't survive...


    1 out of 1 members found this post helpful.
     

  3. Collapse Details
    U-matic Member groveChuck's Avatar
    Join Date
    Jan 2007
    Location
    Miami
    Posts
    2,612
    Default
    Quote Originally Posted by groveChuck View Post
    you see the market today?
    S&P +7%, AAPL +8.7%, MSFT +7.4%, PYPL +10% Badabing! Today. Tomorrow's another story.
    Did Wall Street take happy pills today? Did I miss some good news? (was out doing my mega shop before final 14 day lockdown).
    Seems like 2 down days, 1 up day on average recently? The tail of the Bull won't let go?
    To answer my own question, well, Bloomberg did, in this excellent article.
    I guess this could bode well for skin cancer exposure, perhaps not so well for Outside magazine:

    A Bull’s Conundrum: Rally In Stocks Is Built on Staying Inside

    The S&P 500 surged Monday after New York coronavirus fatalities declined for the first time, while Italy and Spain reported the fewest deaths in more than two weeks.

    To Peter Cecchini, investors aren’t thinking clearly enough about what it all means.

    As the Cantor Fitzgerald strategist sees it, a lower death rate suggests self-isolation and staying indoors are working. While obviously the best possible news for society, its meaning for markets comes with important caveats, among them the economic cost of prolonging the lockdown.

    “What the takeaway should be is that we need to continue this policy, perhaps for even longer than we originally thought,” Cecchini said. “I want to be as optimistic as the next guy about this, but I think we need to be realistic.”

    Over and over during the outbreak it has been shown how relief in stocks reflects a different calculus than relief in the real world. Markets look forward and backward to a greater degree than most human minds, balancing guesses about a sometimes-distant future with all the pain already priced in. Both considerations can cause the actions of investors to seem cold blooded at times, particularly when viewed through narrow windows.

    Right now, some worry, traders are getting ahead of themselves. Shelter-in-place guidelines have already wrecked havoc on retail spending and sparked the biggest plummet in U.S. employment since the last recession. Still to come is a reckoning for debt-laden corporate issuers with ratings at risk.

    “The lock-down is economically ruinous -- make no mistake about it,” wrote Charles Dumas at the TS Lombard research shop. “We have a stock market in denial, very far from any sign of capitulation. The second leg down of this bear looks as if it will be worse than the first.”

    Of course, confidently ascribing any reason for optimism, or pessimism for that matter, has been a fool’s errand in a stock market swinging 5% a day. Forceful sell-offs are met the next day with a strong rallies, and vice versa. Feedback loops are everywhere -- including the bullish possibility that successfully arresting the death rate will put an early end to the most drastic social-distancing protocols.

    But with the S&P 500 extending its gain from the March 23 bottom to 17%, and many attributing the strength to signs of the virus’s spread slowing in hot spots around the globe, the bull case is coming under scrutiny. If virus cases are leveling off, it’s because social distancing is working. The longer people have to remain in their homes, the longer businesses remain shuttered. It’s a conundrum policy makers are speaking to.

    A diminished fatality rate is “hopeful, but it’s also inconclusive, and it still depends on what we do,” said New York Governor Andrew Cuomo at his Monday news conference. “These models all have a coefficient of ‘what we do,’ and how successful we are at social distancing etc., and from our decision-making point of view, it doesn’t really matter if we hit a plateau or not, because you have to do the same thing. If we are plateauing, we are plateauing at a very high level.”


    Efforts to interpret the rally were everywhere on Wall Street. Strategists at JPMorgan Chase & Co. recommended trading on what looks to be close to “a favorable inflection” for the spread of the coronavirus. Quantitative and derivatives strategists including Shawn Quigg and Marko Kolanovic suggested clients position for a “sharp short squeeze” in value stocks.

    “With the COVID-19 spread now potentially at an inflection point, the beginning of an economic restart may be closer than anticipated, along with a market trough,” they wrote in a note to clients Monday.

    Peter Tchir at Academy Securities says economic headlines are irrelevant when stacked up against the progression of the virus. To Evercore ISI’s Dennis Debusschere, there’s a possibility that positive stories and headlines -- “human ingenuity” as he calls is -- could extend the rally, possibly even sending the S&P 500 to 2,800 (a 25% advance from the March lows).

    The impediment to the optimism? “At some point we will actually have to have a solution,” Debusschere said.

    The stock market looks to be anticipating an end to social distancing policies in June and a trough in economic growth in the third quarter, according to Bloomberg Intelligence. Strategists led by Gina Martin Adams found that in the case of shorter-than-average recessions, stocks bottom a median 156 days before the end of the economic contraction.

    The team has turned to monitoring coronavirus forecasting tools, including the University of Washington’s Institute for Health Metrics and Evaluation (IHME) model, for signals on when virus cases may peak and the economy be able to open back up. Social distancing practices likely won’t end until there’s an all clear for the spread of the virus in the U.S.


    “Market volatility is likely here to stay, as news of increasing infections competes with government intervention to keep businesses and individuals solvent for longer,” wrote Martin Adams. “Health experts remain unsure if a second wave will emerge at some point, starting the whole social-distancing dance -- and market volatility -- all over again.”

    The sheer difficulty of re-opening economies with the risk of reintroducing a threat to human health has been on display in countries like Japan and Singapore, where case counts have accelerated after earlier success in containment. For strategists at Bespoke Investment Group, such instances suggest “a return to normalcy won’t be as easy as flicking a switch.” In a note to clients, they added, “the risk profile of re-opening is significantly more nuanced and fraught than the decision to close down.”

    As the S&P 500 rose Monday to just about match the highest level in three weeks, the VIX fell for a third day to 44, the lowest since March 6 and roughly half its peak level of 85. Still, it’s in part due to this virtuous circle of economies remaining closed that volatility will persist, according to JJ Kinahan, the chief market strategist at TD Ameritrade.

    “It’s the bad circle of life,” Kinahan said by phone. “We have these orders in place until the end of April for most areas of the country. Well, that could easily become the end of May really quickly.”


     

  4. Collapse Details
    Senior Member Cary Knoop's Avatar
    Join Date
    Jan 2017
    Location
    Newark CA, USA
    Posts
    1,563
    Default
    Quote Originally Posted by groveChuck View Post
    Correction, of our money.
    Not really, the $2 trillion is minted by the treasury, then deposited at the federal reserve and then, sh-boom, the treasury has $2 trillion in their account at the federal reserve!
    Of course, that's peanuts compared to the federal reserve's 'balance sheet expansion programs', using the power of multiplication.

    We, as in the US citizens, have no money at the treasury, we owe money, about $68,400 per US citizen!


     

  5. Collapse Details
    U-matic Member groveChuck's Avatar
    Join Date
    Jan 2007
    Location
    Miami
    Posts
    2,612
    Default
    Yes, we all know how deficit spending works. Rephrased- that's our debt, not our money.


     

  6. Collapse Details
    Senior Member ahalpert's Avatar
    Join Date
    Apr 2011
    Location
    NYC
    Posts
    2,829
    Default
    The optimism of the market makes sense since the alternative to social distancing succeeding was a runaway plague.

    Personally I'm optimistic that remdesivir proves effective in helping patients. But only because I need something to hope for.


     

  7. Collapse Details
    Senior Member
    Join Date
    Feb 2013
    Location
    Sydney, Australia
    Posts
    919
    Default
    We have just been greeted with the news "NSW coronavirus social-distancing to stay 'until vaccine is found', Premier Gladys Berejiklian says." She went on to say:

    "For the first time in a long time, every scientist on the planet is working towards a vaccine, working towards a cure, and, of course, we want NSW to be part of that story," Ms Berejiklian said. "We want our best and brightest in NSW and across Australia working their guts out to make sure that we find a vaccine as soon as possible. Because the reality is that until we find a vaccine, we all have to live with this virus. And no matter what restrictions there are in the future, no matter what restrictions are potentially eased in the future, until a vaccine is found, social distancing is a way of life now."

    Chris Young

    An interesting little video from our Leading TV Doctor, he is an MD, on the difficulty of developing an anti vaccine. It's part way down the following page:

    https://www.abc.net.au/news/2020-04-...found/12126802


     

  8. Collapse Details
    U-matic Member groveChuck's Avatar
    Join Date
    Jan 2007
    Location
    Miami
    Posts
    2,612
    Default
    That's wild news, Chris! Are you in lockdown, too, or just social distancing?


     

  9. Collapse Details
    U-matic Member groveChuck's Avatar
    Join Date
    Jan 2007
    Location
    Miami
    Posts
    2,612
    Default
    That's wild news, Chris! Are you in any sort of lockdown, too, or just social distancing?


     

  10. Collapse Details
    Senior Member
    Join Date
    Feb 2013
    Location
    Sydney, Australia
    Posts
    919
    Default
    Quote Originally Posted by groveChuck View Post
    That's wild news, Chris! Are you in any sort of lockdown, too, or just social distancing?
    We are locked down. Only allowed out for food, medical or essential work reasons. Extra police patrolling the cities. How are these for headlines:

    "L-Plater Fined $1652 For Driving With Their Mum, Which Is Apparently Not ‘Essential Travel’"

    "NBN activations surge above 42,000 a week as Australia locks down" The NBN is our National Broadband Network.

    "No bail for man accused of twice sneaking out of Perth hotel to visit girlfriend in Armadale." He was confined as a new arrival to 14 days isolation. Anyone who fails to follow a directive faces a $50,000 fine or 12 months in jail. He's in jail now.

    Our lock down will be reviewed monthly but the government is saying expect six months.

    Here is the government "Directive" we are expected to obey.

    If You Do Leave Your House, It Can Only Be For One Of These 16 Reasons:
    To go to work, if you can't work from home
    To go to school or an educational institution if open
    To go to the supermarket for food and other essential items
    To get medical care
    To exercise, but only if the exercise is done alone or with one other person (maximum public group allowed is two people)
    If you are fleeing an unsafe home, so to avoid injury or illness
    If you are dealing with an emergency or on compassionate grounds
    If you are providing care or helping a vulnerable relative or person
    To take your child to childcare
    To attend a wedding (adhering to the five-person limit) or a funeral (adhering to a 10-person limit)
    To move house or to go between two places of residence
    To donate blood
    To fulfill legal obligations
    To access support services such as employment services, mental services etc
    To fulfill parental sharing arrangements of children (the Government says those conditions shouldn't change and children can move between homes)
    To go to a place of worship or to provide pastoral care, if you are a priest, minister or member of a religious order. (places of worship are closed bar weddings and funerals)

    Chris Young


     

Page 57 of 60 FirstFirst ... 7475354555657585960 LastLast

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •