Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,099
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Post by Dave on May 12, 2020 2:28:29 GMT -8
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,099
|
Post by Dave on May 12, 2020 2:41:04 GMT -8
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,099
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Post by Dave on May 12, 2020 2:45:19 GMT -8
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,099
|
Post by Dave on May 12, 2020 3:10:20 GMT -8
Pre-market is up +$2.33 now and climbing. It’s going to be a very interesting day.
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Post by playultimate on May 12, 2020 3:23:39 GMT -8
Not so sure if the states will be able to afford to shut down again. Just looking at the budget shortfalls in CA alone makes another economic shutdown untenable. Further The LA Times posited yesterday that globally nearly 1B people will go into extreme poverty due to the “economic devsastation” caused by Covid19. It was argued that loss of life from the economics will surpass the loss of life from Covid 19.
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Post by awcabot on May 12, 2020 6:12:37 GMT -8
There is an argument to make that people will be very afraid to do anything that isn't essential if they fear they will die. The costs of staying home are evident and immediate, but the cost in consumer expenditures by curtailing of any frivolous activity and expense can be devastating. If 80,684 deaths haven't scared Americans, the number can be increased to the point of not having enough consumers to support the economy even in the future. I lost two people to CoViD, both within a week of getting sick. I'm staying home and away from large gatherings until I am confident I won't bring the disease home and cause harm to the people I care.
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Post by artman1033 on May 12, 2020 6:27:47 GMT -8
$2,000,000,000 0.750% Notes due 2023 $2,250,000,000 1.125% Notes due 2025 $1,750,000,000 1.650% Notes due 2030 $2,500,000,000 2.650% Notes due 2050 CHEAP MONEY HERE
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Post by lulli on May 12, 2020 8:40:05 GMT -8
Not so sure if the states will be able to afford to shut down again. Just looking at the budget shortfalls in CA alone makes another economic shutdown untenable. Further The LA Times posited yesterday that globally nearly 1B people will go into extreme poverty due to the “economic devsastation” caused by Covid19. It was argued that loss of life from the economics will surpass the loss of life from Covid 19. I can be very realistic as an investor, and be able to argue the benefit of more deaths with better economy vs. the opposite. However, saying that one needs to "open up" because the economic shutdown is untenable is a false logic. Opening up without testing+tracing+masks will very likely just not work. There will be more contagion, people will spontaneously self-isolate to remain safe, and then the economy doesn't really restart. To get the economy to restart one must invest (a lot) in testing+tracing, and only after that is in place will people feel confident to go back to doing the things that fuel the economy. "Opening up" without testing+tracing in place will very likely worsen the economic situation because it will lead to more sickness and death, make the crisis longer, and delay the recovery... These things need to be analyzed quantitatively, you can't just go with the gut feeling and say "open up".
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Post by hyci004 on May 12, 2020 8:40:18 GMT -8
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Post by hyci004 on May 12, 2020 8:45:09 GMT -8
Apple will report good numbers for Q3 with the iPhones, iPad, MacBook Air/Pro and services. “Smartphone shipments from China's factories to vendors rose 17% in April compared to the same month a year ago, according to government data released on Tuesday. The numbers suggest an early domestic rebound for smartphone makers such as Apple Inc and Huawei Technolgies and a potential return to normalcy in China for the broader consumer hardware market in the aftermath of the coronavirus outbreak.” finance.yahoo.com/news/smartphone-shipments-china-17-april-063503221.html
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