Travel Ban From EU into USA for 30 days
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Travel Ban From EU into USA for 30 days
Last edited by speicher lane; 03-11-2020 at 08:47 PM.
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I just got the last six pack of toilet paper at wal mart. Going to flip it on marketplace lol.
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I'm a positive/bullish guy. But this is going to start to suck.
Today alone we had:
Trump all but admit this is starting to be a bad situation even if his administration has handled it "perfectly"
Dozens and dozens of schools/colleges/universities close for a long period of time, moving to online only for foreseeable future
We saw the NBA cancel the remainder of the season
A couple of big names, namely Tom Hanks and his wife, test positive for COVID-19 (This will run wild in the media)
And much more.
Futures are down another -5%+ for tomorrow. The DOW just officially ended an ELEVEN year bull-run. I was sure we were going to pull out of this no problem. However, after today, I'm starting to see how a recession, however small, may find us very soon. It is still completely undeserved. Housing market, bond market, employment, etc. is all perfectly strong. We haven't even seen any balance sheet results yet. Sure, a lot of companies, namely airlines and cruise lines, will be losing money. However, dozens more are going to be making a bunch. Look at Clorox and Wal-Mart for example...
This all roots for the media's deep hatred of Donald J. Trump IMO. They massively inflate every negative situation and minimize the positives. Then you have 80%+ of all Wall Street transactions conducted by news-reading algorithms which in turn sell the snot out of every stock on the constant stream of bad news and voila...The recipe for a crash.
Sorry, I'll get off my soap box...
Today alone we had:
Trump all but admit this is starting to be a bad situation even if his administration has handled it "perfectly"
Dozens and dozens of schools/colleges/universities close for a long period of time, moving to online only for foreseeable future
We saw the NBA cancel the remainder of the season
A couple of big names, namely Tom Hanks and his wife, test positive for COVID-19 (This will run wild in the media)
And much more.
Futures are down another -5%+ for tomorrow. The DOW just officially ended an ELEVEN year bull-run. I was sure we were going to pull out of this no problem. However, after today, I'm starting to see how a recession, however small, may find us very soon. It is still completely undeserved. Housing market, bond market, employment, etc. is all perfectly strong. We haven't even seen any balance sheet results yet. Sure, a lot of companies, namely airlines and cruise lines, will be losing money. However, dozens more are going to be making a bunch. Look at Clorox and Wal-Mart for example...
This all roots for the media's deep hatred of Donald J. Trump IMO. They massively inflate every negative situation and minimize the positives. Then you have 80%+ of all Wall Street transactions conducted by news-reading algorithms which in turn sell the snot out of every stock on the constant stream of bad news and voila...The recipe for a crash.
Sorry, I'll get off my soap box...
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I'm booking flights now for fall trips, prices are going down.
I'm shifting cash into index funds soon to capitalize on this stuff.
Stick to the facts, parse your news feeds carefully, listen to real experts...not the government, you won't get an accurate assessment from either side...but when have we ever?
I'm shifting cash into index funds soon to capitalize on this stuff.
Stick to the facts, parse your news feeds carefully, listen to real experts...not the government, you won't get an accurate assessment from either side...but when have we ever?