stock market was up today...

#9,929
#9,929
MontyPython said:
Heh. Even if you're right, the die is cast for the economy. Decisions made by companies today reverberate for months if not years.

We're in an economic downspin come hell or high water. Buckle up buttercup.
Click to expand...

Yes, companies make decisions everyday that effect them for years, often decades. Not exactly going out on a limb there. Have you ever heard of CapEx or issuing long term debt or equity?

I'm good. What are you buying and when, Princess?
 
  • Like
Reactions: VolStrom and NorthDallas40
#9,946
#9,946
SpaceCoastVol said:
Makes no sense to me
Click to expand...
Since they're not actually producing anything they should have all kinds of time to test their software and find potential problems.
Oh wait, they already did before the plane was certified. That company, like most American companies these days, is run by short term thinking idiots and fundamentally this has to change or we are going to bankrupt this country.
 
#9,947
#9,947
So, what do people think?

Is the current market upturn a rational and forward look at corporate income and profits based on a quicker than expected recovery? Or, is it simply mirroring the better news of the last few days?

And, at current levels, has the market priced in the terrible numbers for the second quarter, the patchwork numbers for the third quarter, and an uneven recovery through the next year +?

It does seem to me like the market for the next year or so is going to be a gambler's dream. Some companies will report as expected lower numbers and give lower guidance, accordingly. Restaurant and hospitality-based companies will have ugly reports for a period of time. But someone come along and measurably beat expectations? Feels like they'll pop way out of proportion to the news just because they offer a glimmer.
 
#9,948
#9,948
lawgator1 said:
So, what do people think?

Is the current market upturn a rational and forward look at corporate income and profits based on a quicker than expected recovery? Or, is it simply mirroring the better news of the last few days?

And, at current levels, has the market priced in the terrible numbers for the second quarter, the patchwork numbers for the third quarter, and an uneven recovery through the next year +?

It does seem to me like the market for the next year or so is going to be a gambler's dream. Some companies will report as expected lower numbers and give lower guidance, accordingly. Restaurant and hospitality-based companies will have ugly reports for a period of time. But someone come along and measurably beat expectations? Feels like they'll pop way out of proportion to the news just because they offer a glimmer.
Click to expand...

Much of the consumer spending has simply been delayed. It's a false start in equity markets if the C19 shutdown drags on throughout the year. Without a treatment the hotspots keep popping up. With a massive roll out of testing it can be contained.
 
#9,949
#9,949
Thunder Good-Oil said:
Much of the consumer spending has simply been delayed. It's a false start in equity markets if the C19 shutdown drags on throughout the year. Without a treatment the hotspots keep popping up. With a massive roll out of testing it can be contained.
Click to expand...


Yeah, testing would be they to everything, it would seem. But, we seem to have leadership right now that thinks that the raw number of tests is all that counts, regardless of the size of the population.
 
#9,950
#9,950
Surprised nobody has talked about the today's Fed actions yet.

They can now buy munis for the first time as well as corporates that have lost an investment grade credit rating. There are some estimates out there that their balance sheet could hit $10 trillion by the end of this year...that's almost 50% of GDP. Pretty unbelievable. At some point, I don't think anything is going to be truly off limits for them to buy, even equities (particularly if done via futures).
 
New posts
You must log in or register to reply here.

VN Store



Back
Top