Snoop T has gone from $39 to $29. I would think better bargain would be stocks that have dropped much bigger percentages....I know I will buy some Boeing for example that has gone from $400 to $100. More risk but more upside too. Since it is a gambling site... for example Ceasars went from $15 to $3...addiction over need.
lol. Total chaos out there in HC, health agencies (provincial/states) making calls daily, just got yet another update, provided below.
they have decided to shutdown healthcare on the ground, true story. ER's will absolutely be overwhehled, folks headed there for everything now. Severe shortage of PPE's, and going to run out of ventilators in areas hit hard. How is shutting us down a good thing? oh well. We dont have access to proper ppe, no testing kits.....phone calls/video calls....wild times
yikes, the watchdogs sleep at the wheel....they were clearly closely watching what was happening in korea, italy, china..........., good thing our tax dollars pay them well
The Acting Chief Medical Officer of Health has now published Directive #2 for Health Care Providers. The Directive advises that:
All non-essential and elective services should be ceased or reduced to minimal levels, subject to allowable exceptions, until further notice. Allowable exceptions can be made for time sensitive circumstances to avert or avoid negative patient outcomes or to avert or avoid a situation that would have a direct impact on the safety of patients.
The directive goes on to say that, “in making decisions regarding the reduction or elimination of non-essential and elective services, regulated health professionals should be guided by their regulatory College.”
The College strongly advises you to follow the requirements of the Acting Chief Medical Officer of Health.
@mcuban
Almost 16 years ago @Microsoft
paid a $32 BILLION special dividend that equated to about $300 per American household. Now would be a good time for them, and @Apple
, Berkshire Hathaway, @google
and other cash heavy companies to step up and do the same
Just give it to us to run a sick NFL survivor freeroll, winner becomes richest person in the world
FWIW we had a meeting with one of the more prominent names in US banking. They're predicting this to have a larger impact on our country than 9/11 or Katrina. I know that's stating the obvious but puts it more into perspective when he started talking about extending shutdowns well past April and potentially through the end of the year.
"larger impact than Katrina or 9/11".
Wow. How much did your company have to pay that guy for his wisdom? Further shutdowns? We've already far eclipsed any damage done by Katrina or 9/11. But people need hurricanes or collapsing buildings to understand calamity. I swear it's a video game society.
My prediction is that Trump lets the 15 day emergency he declared run its course. He will then tell everybody to get back to work. Only those who live in video game reality could not see the cascade of damage being done to virtually all strata of American lives. Some much more dire than others. I predict that there will be a record number of bankruptcies and unemployment filings, starting with government imposed shutdowns. We have a chance to recover very slowly if the shutdowns are lifted in a week. Past that we are fucked for a very long time. There will be no rapid snapback to the most healthy economy of my lifetime. It is already ruined.
Wow. How much did your company have to pay that guy for his wisdom? Further shutdowns? We've already far eclipsed any damage done by Katrina or 9/11. But people need hurricanes or collapsing buildings to understand calamity. I swear it's a video game society.
My prediction is that Trump lets the 15 day emergency he declared run its course. He will then tell everybody to get back to work. Only those who live in video game reality could not see the cascade of damage being done to virtually all strata of American lives. Some much more dire than others. I predict that there will be a record number of bankruptcies and unemployment filings, starting with government imposed shutdowns. We have a chance to recover very slowly if the shutdowns are lifted in a week. Past that we are fucked for a very long time. There will be no rapid snapback to the most healthy economy of my lifetime. It is already ruined.
If we get back to work April 1st I think there is a chance for a quick snap back . So much stimulus been introduced and if a small business can’t survive 30 days for a shutdown how valuable were they in the first place ?
But yea I agree anything longer then that and we in big trouble .
Goldman Sachs predicts 2.25 million Americans filed initial unemployment claims this week, the highest on record
Americans are starting to lose their jobs in response to the coronavirus pandemic, and economists expect it's only going to get worse from here. And quickly, too.
Early Thursday, a government report showed 281,000 Americans filed for their first week of unemployment benefits last week. It was a sudden 33% jump over the week before and the biggest percentage increase since 1992.
But next week's report is likely to be far worse, according to Goldman Sachs economists.
They predict the report will show 2.25 million Americans filed for their first week of unemployment benefits this week — eight times the number of people who filed last week and the highest level on record.
That estimate is based on news reports of an unprecedented surge in layoffs early in the week. Airlines, restaurants, hotels, sports events and retailers are all struggling to cope with a sudden drop in revenue, as people stay home to prevent the spread of the virus.
State employment agencies have been grappling with a sudden spike in calls, inquiring about unemployment benefits. Florida's Department of Economic Opportunity received 76,000 calls between just Monday and Wednesday, up from about 28,000 calls for the entire week before. The agency told CNN it plans to hire more than 100 individuals statewide to help answer calls and process unemployment claims.
And on Thursday, New York State's Department of Labor had received 159,000 calls, all before noon. Usually the agency gets about 10,000 calls a day.
The Goldman Sachs economists noted that although it's possible unemployment claims slowed down later in the week, even a conservative estimate suggests more than 1 million people filed initial jobless claims this week — more than the highest level on record of 695,000 in the week ending October 2, 1982.
Americans are starting to lose their jobs in response to the coronavirus pandemic, and economists expect it's only going to get worse from here. And quickly, too.
Early Thursday, a government report showed 281,000 Americans filed for their first week of unemployment benefits last week. It was a sudden 33% jump over the week before and the biggest percentage increase since 1992.
But next week's report is likely to be far worse, according to Goldman Sachs economists.
They predict the report will show 2.25 million Americans filed for their first week of unemployment benefits this week — eight times the number of people who filed last week and the highest level on record.
State employment agencies have been grappling with a sudden spike in calls, inquiring about unemployment benefits. Florida's Department of Economic Opportunity received 76,000 calls between just Monday and Wednesday, up from about 28,000 calls for the entire week before. The agency told CNN it plans to hire more than 100 individuals statewide to help answer calls and process unemployment claims.
And on Thursday, New York State's Department of Labor had received 159,000 calls, all before noon. Usually the agency gets about 10,000 calls a day.
The Goldman Sachs economists noted that although it's possible unemployment claims slowed down later in the week, even a conservative estimate suggests more than 1 million people filed initial jobless claims this week — more than the highest level on record of 695,000 in the week ending October 2, 1982.
seldomseen, I didn't mean to insult you. And I appreciate the information from such an esteemed source.
I just can't believe that this self mutilation could go on for another month or more.
I know my stance is pretty unpopular, but I did call this devastation. I have been against shutdowns from the beginning. I thought the results were pretty predictable. That wasn't and remains an unpopular position. But I stand by it.
Nothing against you, sir.
All good and I hope you and you're family stay well throughout this. When you work on a computer it's also easier to shut doors. The thought that this is the flu and things will resume in a few weeks i'll politely disagree. What scares me is the fed has already blown their wad but i'll defer to Richboff who will talk circles around me on this subject.
This is quickly spiraling out of control and it clearly has historic implications...this market has great potential to drop another 50%+. There is no safe place. Everything is going down.
The dollar is flying up, but they are being created out of thin air at an unsustainable pace. I can't really give advice, but I would look in the inflation and commodities space.
The dollar is flying up, but they are being created out of thin air at an unsustainable pace. I can't really give advice, but I would look in the inflation and commodities space.
I laughed when I read it because anyone that has been in those settings knows that is the type of worthless platitude some president/CEO says and tries to pass it off as a bold statement or hot take that everyone should really take to heart.
Should've just said worse than the war of 1812 to see if anyone was paying attention.
The market is at the mercy of the coronavirus - negative headlines are relentless. S&P closed below 18'dec low, 50% from the top would take it to 1700. Chart monkey/short army is smelling blood. They're pushing for a vote on rescue package on Mon 3/23/20. It might be too small if the shut-down last through April.
I don't know when this will end - I'm taking a small bite at a time, T could see lower $20s before it's over. Long term, T should benefit from the new norm social distance/work from home trend.
Airline/leisure could be a the last group to come out from this mess. After 911, people still fly - granted it was a little hassle to wait in a long line for security check, this is far worse, everyone is so afraid of catching the virus while on board. Lots of people cancelled flights and didn't get any refund - yet they don't care. The fear is running deep and it will take time to reverse that behavior.
Finance/tech/semi/commodity and retailers with broad-online shopping present would lead the recovery I think. A lot of people will go broke when this over, vacation is probably at the bottom of their list.
