Zero chance Steve and Jerome were going to let all the people of this country who have actually invested their capital in the greatest companies in the world to be forced to stay at home and forced to watch their hard-earned $ to evaporate on TV right before their eyes.
2 Trillion is ton of money to spend to keep the market looking good. Pretty soon the USA will be buying stocks to prop the market. Then we will in effect picking the winners and losers by the stocks they buy? Doesn't sound like a capitalistic market to me. Heck you could be a CEO of a shitty company but if the USA is buying your stock it goes up you look good and you are still a shitty CEO.
Not sure what the right answer is but this is the path we are headed down. I would say let more businesses file BK...heck Trump has a lot of experience with that plan. Sorry some businesses dont make it but if there is a need someone will come in and replace them in the market.
Not sure what the right answer is but this is the path we are headed down. I would say let more businesses file BK...heck Trump has a lot of experience with that plan. Sorry some businesses dont make it but if there is a need someone will come in and replace them in the market.
There are plenty of stocks to buy now at a good price........Buffett & other billionaires are the big winners at times like these .......but the small guy can make money if he knows what he's doing.
Agreed...some companies were on the path to nowhwere already and this speeded up their demise...that's the way it should work. Some of the $2t will either be paid back or offsets what would be paid in unemployment. Another percentage of that total will flow back through the economy especially since taxpayers are getting so much. The longer term benefit is I do think there will be pressure for companies to bring back, to the US, production and some manufacturing. I think the lever will be tax adjustments for companies who don't produce x percent of essential items in the US. That will be both great for the economy plus put us in a better position for the future. Along with that, a lot of small business opportunity to provide goods and services to help bridge the US vs China labor cost gap plus more reliance on innovation and technology.
Oh this is definitely not a true capital market. And it's really funny that lots of people want the opposite to happen to the market (mostly people who aren't invested). Socialize the winners and losers.
These are all fairy tale numbers that will continue to open the gap between the have nots.
I dont see a huge amount of jobs coming back to the usa. I do think there will be more diversification in where products are made. Less in China and more in other places like Vietnam or Poland or places in SOuth America and Africa. The main reason for this is that if you are given the choice of buying your 60 inch TV and the made in the USA product is $2000 and the made in Vietnam is $1,200. You wont be in business very long.
The other thing that Smartmoney and I totally agree on is that technology is going to continue to erode more and more manufacturing jobs. The only difference is that the rate of increase is going to continue to accelerate. Choice is to pay someone $20 an hour, plus benefits, vacation, sick leave and they want to work 40 hours a week or make a bigger investment and they work whenever you want...no complaining...no asking for raises. That will be manufacturing in the future.....plus other industries. It is coming to a neighborhood near you.
yupper, called out amzn in another thread, intuitively was a no brainer. Not really the long term stock picker type, i'll leave 'fundamental analysis ' to the dart throwers. Certainly didnt see a break to highs!! Did like ZOOM as well, they had bigtime tech., issues and looked like they were going to blow a golden opportunity . Have they righted the ship? Chart suggests yes, full disclosure . have no position
