stock market was up today...

#10,852
#10,852
MontyPython said:
That's akin to saying people don't wanna go to a movie theater or on a cruise.

The world's adapted, not changed.
Click to expand...
You’re proving my point. Lots of people aren’t going to go back to the movies anytime soon if ever. How restaurants do business has fundamentally changed. How people get their groceries has fundamentally changed. How we work and commute has fundamentally changed. It takes two months to form/break a habit and we’re five months in with no sign of it letting up.
 
  • Like
Reactions: volinbham
#10,854
#10,854
Vol737 said:
Splitting 4:1 too. Been buying AAPL since last time it split. Been waiting for this. Projected to be a $3T company by 2023.
Click to expand...

I got in before the last split. Small amount owned but it's up 15X over that time period.

The other thing about this story is that Tim Cook has done a masterful job and that was in serious doubt when Jobs kicked the bucket. Cook is approaching Jack Welch level recognition as CEO
 
  • Like
Reactions: Vol737
#10,855
#10,855
DancingOutlaw said:
People’s behavior has been permanently changed by this event. The people that have been driven to Amazon and Netflix aren’t going back to their old habits because those habits are dead. Nevermind how many small businesses have been killed off by these closures. The rich will get richer and the little man even farther behind the 8 ball.
Click to expand...
It won't be exactly as it was, but a lot of the normal stuff will substantially come back. Movie theaters, cruises, airlines. I don't see people's behaviors changing that much.
 
  • Like
Reactions: MontyPython
#10,859
#10,859
Velo Vol said:
It won't be exactly as it was, but a lot of the normal stuff will substantially come back. Movie theaters, cruises, airlines. I don't see people's behaviors changing that much.
Click to expand...
People are definitely gonna get back out there. Restaurants, Vacations, Weddings, all of it.

I do believe there are people out there that never shopped online, and were forced to due to Covid. Will be interesting to see if brick and mortar sales come all the way back, or if online sales have taken a permanent share.
 
#10,861
#10,861
Velo Vol said:
It won't be exactly as it was, but a lot of the normal stuff will substantially come back. Movie theaters, cruises, airlines. I don't see people's behaviors changing that much.
Click to expand...
How are movie theaters going to survive this? How long do we expect businesses to sit around bringing in zero cash while owing rent, taxes, upkeep, etc.? Remember large swaths of the entertainment/hospitality sector are either still closed or operating at a capacity that barely pays the bills. Broadway has said no productions until at least Q1 of next year, and I doubt that happens. As Broadway goes so go the rest of the smaller theaters across the country, many of them with far less resources to operate with no income. With no live acts to sell tickets for how will music venues be around next year to go to? Several restaurants have already gone out of business here. CBL has filed Chapter 11 and stopped paying on notes and dividends. Multiple brick and mortar chains have bitten the dust. I think there will be massive consolidation in the cruise line industry, and all it's going to take is one or two cases on a boat to wreck whatever company owns it. This is going to affect travel in a similar but more sinister way than 9/11. Because there was fear post 9/11 but no substantial attacks following it. But we can rest assured there will be occasional infected customers on planes, which will egg on the hysteria for an extended period.
 
#10,862
#10,862
DancingOutlaw said:
How are movie theaters going to survive this? How long do we expect businesses to sit around bringing in zero cash while owing rent, taxes, upkeep, etc.? Remember large swaths of the entertainment/hospitality sector are either still closed or operating at a capacity that barely pays the bills. Broadway has said no productions until at least Q1 of next year, and I doubt that happens. As Broadway goes so go the rest of the smaller theaters across the country, many of them with far less resources to operate with no income. With no live acts to sell tickets for how will music venues be around next year to go to? Several restaurants have already gone out of business here. CBL has filed Chapter 11 and stopped paying on notes and dividends. Multiple brick and mortar chains have bitten the dust. I think there will be massive consolidation in the cruise line industry, and all it's going to take is one or two cases on a boat to wreck whatever company owns it. This is going to affect travel in a similar but more sinister way than 9/11. Because there was fear post 9/11 but no substantial attacks following it. But we can rest assured there will be occasional infected customers on planes, which will egg on the hysteria for an extended period.
Click to expand...

Theaters, cruise liners and some chain restaurants have all issued a sh*t ton of new debt and some have issued new stock to raise cash to make it through things. In the near- to medium-term, it's really a question of not only when they will start business back up (most theaters are trying to reopen now in states that allow it), but also when the public will feel comfortable to return. For instance, polls indicate roughly only 30% of people would go to a public theater right now, if available. In the long-run, even if most of these businesses survive, the increased debt load will likely put a serious dent on profitability for years.
 
#10,863
#10,863
DancingOutlaw said:
How are movie theaters going to survive this? How long do we expect businesses to sit around bringing in zero cash while owing rent, taxes, upkeep, etc.? Remember large swaths of the entertainment/hospitality sector are either still closed or operating at a capacity that barely pays the bills. Broadway has said no productions until at least Q1 of next year, and I doubt that happens. As Broadway goes so go the rest of the smaller theaters across the country, many of them with far less resources to operate with no income. With no live acts to sell tickets for how will music venues be around next year to go to? Several restaurants have already gone out of business here. CBL has filed Chapter 11 and stopped paying on notes and dividends. Multiple brick and mortar chains have bitten the dust. I think there will be massive consolidation in the cruise line industry, and all it's going to take is one or two cases on a boat to wreck whatever company owns it. This is going to affect travel in a similar but more sinister way than 9/11. Because there was fear post 9/11 but no substantial attacks following it. But we can rest assured there will be occasional infected customers on planes, which will egg on the hysteria for an extended period.
Click to expand...
There may be fewer of the above businesses. There may be new owners, but there will still be theaters, restaurants, etc.

I'm old enough to remember when video players were going to kill the cinema, yet we still have movie theaters. Turns out people simply like to go to movies.
 
#10,864
#10,864
Ef8tC6kXsAIyVVN
 
#10,865
#10,865
Velo Vol said:
Ef8tC6kXsAIyVVN
Click to expand...

No one at this point can argue with me that we don't have galloping inflation in this country. A large portion of the money that has been printed up is not on Main St raising the prices on coffee, milk and bread... its on Wall St pushing up Tesla, Apple and other stocks as they reach all time highs.
 
#10,866
#10,866
Rasputin_Vol said:
No one at this point can argue with me that we don't have galloping inflation in this country. A large portion of the money that has been printed up is not on Main St raising the prices on coffee, milk and bread... its on Wall St pushing up Tesla, Apple and other stocks as they reach all time highs.
Click to expand...

I sold a bunch of Apple today to the idiots buying the stock split before Monday's record date. Was up over 5% at close today.
 
#10,868
#10,868
Rasputin_Vol said:
No one at this point can argue with me that we don't have galloping inflation in this country. A large portion of the money that has been printed up is not on Main St raising the prices on coffee, milk and bread... its on Wall St pushing up Tesla, Apple and other stocks as they reach all time highs.
Click to expand...
Question is how long it will continue?
 
#10,872
#10,872
Velo Vol said:
So when indexes get shuffled ETFs have to sell all the droppee stock immediately?
Click to expand...
Don’t know what kind of timeline they are held to. But not just ETFs, any Mutual Fund that tracks a Dow index as well. They all have to re-balance.

I checked the Diamonds, Exxon and the others are still listed as of today.
 
  • Like
Reactions: Velo Vol
#10,873
#10,873
A ‘powerful force’ will determine what happens next in the stock market, Wharton professor predicts

This is what I, and some others on here, keep trying to explain. The Markets are forward looking.

Considering stocks are forward-looking assets, he explained that the market should hold up in the coming months even with lousing economic numbers and a lingering pandemic.
Click to expand...

This concept seems lost on some, those so befuddled and angered by the “disconnect” between Main St & Wall St...

@Rasputin_Vol @MontyPython
 
  • Like
Reactions: Ernest T. Vol
#10,874
#10,874
85SugarVol said:
A ‘powerful force’ will determine what happens next in the stock market, Wharton professor predicts

This is what I, and some others on here, keep trying to explain. The Markets are forward looking.



This concept seems lost on some, those so befuddled and angered by the “disconnect” between Main St & Wall St...

@Rasputin_Vol @MontyPython
Click to expand...

Yes. Everything is an input...all of the time...even if one disagrees with the reality of the input, ie the fed. Basically, some on here are saying they are more knowledgeable than the market.
 
#10,875
#10,875
I don't think you can talk about the future of the stock market and not mention the Presidential election. It seems to me that the results of that will be huge for the markets
 
New posts
You must log in or register to reply here.

VN Store



Back
Top