Aseahawkfan wrote:I heard Life Center was pretty terrible. Someone said they had their parents there, but removed them due to the poor conditions. It is smart to stay away from the sickness if elderly, though you sound like your health is good enough you'd likely be fine. Best not to court disaster.
Aseahawkfan wrote:I doubt a recession comes any time soon. This is a short-term correction driven by fear.
Aseahawkfan wrote:This is one of those once every 5 to 10 year opportunities to buy into a rising market in a low unemployment, low interest rate, and low tax rate environment due to a short-term risk environment.
RiverDog wrote:Agreed. But I don't think we've seen this thing bottom out yet. IMO the Dow will lose another 3,000 points before it turns around.
Aseahawkfan wrote:3000 more points? You calling that bottom? I'm still sitting on a lot of powder. 3000 points would work for me. I got a lot of bargains now, 3000 more points would literally be a twice in a lifetime drop similar to 2008 without the extreme economic damage given it wouldn't be caused by a crap ton of bad mortgages. That would be the Dow back to late 2018 during that other big hit or back to 2017 levels. I missed that 2018 drop, so that would be extremely helpful if that happened.
I don't think it will get much lower myself unless the corona virus is way worse than current information indicates. There is not a real reason for a severe drop. The loss of earnings is already priced in for most companies with the current drop. It Business would have to held up for far longer to further erode earnings. This big sell off was due to the predicted loss of earnings.
I'll be watching close. 3000 more points would be a dream.
Aseahawkfan wrote:Your football knowledge is better than mine, RD. I freely admit it.
Here is a nice discussion of the disease by real professionals and not reporters looking for a story:
https://www.youtube.com/watch?v=Pnk8DuAly9Y
RiverDog wrote:Actually knowing that Kansas City is in Missouri (acknowledging that across the river is a much smaller Kansas City KN) is as much about geography as it is football.
Good info in the link about the coronavirus. I chatted with my daughter last night. She's a nurse in an urgent care clinic in Spokane. They've had to adapt a whole new protocol in handling patients. Anyone that so much as coughs or reports a cough, they have to put a mask on them, hustle their ass out of the lobby and into an examining room, take their vitals, do a swab, and send them out the back door. They're doing a lot of overtime, working on their days off.
But getting back to the topic. This coronavirus scare has the potential of sending us into a recession. There's unquestionably a slow down that's going to last at least through the summer vacation season. Many companies that feed off of the travel and tourism industry can't ramp up production in a matter of weeks or in some cases, months, once demand starts to rise again. My former company, for example, that supplies products for resteraunts whose business is heavily dependent on travel, has a production timeline that is 2 years long. Plus toss in the uncertainty of an election year and many will be reluctant to start building an inventory in anticipation of a recovery that may or may not happen right away.
A lot of people in the financial world have been predicting a recession in 2020 anyway, so this could be the straw that breaks the camel's back.
Aseahawkfan wrote:I talked about this with a guy from Missouri a while back. There are two cities named Kansas City. One in Kansas and one in Missouri. So not a sure bet to know.
RiverDog wrote:That's true, and they're just across the river from each other. But KC Missouri is about 4 times bigger and has the lion's share of the metro area. When "Kansas City" is mention, most people automatically think Missouri as the stadiums, arenas, and airport are all in Missouri. It's similar to getting outside Washington state and telling people you're from Vancouver and they'll automatically think Canada.
I don't want to belabor the point any further. I'll stand by my assertation that Trump is showing multiple and frequent signs of mental decline and his Kansas City blooper is one of many scores of examples. Do I think that alone disqualifies him of holding the office? No. Do I think it's something that's part of an overall assessment of his being unfit for office? Yes.
Aseahawkfan wrote:Trump seems like the same guy he's always been. Not sure why you buy into all the media noted gaffes, when he was just as likely to have them in his 40s as he is now because he doesn't care and probably never has.
Hawktawk wrote:Good luck with this stock market. And its not realistic to say Trump hasn't experienced severe decline in his mental acuity compared to a couple of decades ago,. The guy was kind of witty, glib, verbally capable in the day. Compare any speech or comments on film for 20 years ago till today. The decline to about a 4th grade vocabulary and delivery is undeniable. The pathological lying and narcissism is indeed how its always been.
RiverDog wrote:Yesterday was the single largest point drop in the DJIA in over 30 years, dropping nearly 3,000 points, and that's despite the Fed's cutting interest rates to zero. The economy is a runaway train heading for a washed out bridge. I'm afraid that we haven't seen the bottom yet, either. I'd keep my money on the sidelines for at least another 6 months. It's going to take several years before we recover the losses we've absorbed in the past few months.
I'm down 13% in my IRA's, and I'm in the moderate risk category. I hate to think what others are seeing in their 401K's.
Users browsing this forum: No registered users and 5 guests