rodney eppes
Well-Known Member
- Joined
- Feb 3, 2010
- Location
- Mt.Holly NC 28120
I saw where it's more like a U, or possibly a W. No on the V.
I saw where it's more like a U, or possibly a W. No on the V.
I am shocked that the stock market didn't react to the weekend of protests, looting, and riots.
On Saturday, I guessed a 5 percent drop for Monday, starting as soon as the bell rang, and another 3 or so percent today. So far, it's gained. Surprised there has been no trading reaction.
I wasn't surprised at the initial gain after the HUGE drop, but the continued climb upwards since then has me completely baffled. I'm still expecting a pull back, but I am no longer thinking the lows set on March 23rd will be revisited. I doubt the markets will ever be that low again.
LOL exact same boat here. Gotta make the jump before July 1 though b/c thats the deadline for still crediting it as 2019I'm wishing I hadn't held back my 2020 Roth contribution, but am also baffled at the continued climb. I agree that it likely won't go that low again. I'm holding out for the Q2 financial reports now (and giving myself a little more time to pet my cash while waiting to see how my own company reacts). I'm not entirely confident the company I work for is going to be able to avoid layoffs.
It is over valued even more now.
Retail sector is going to knock earnings out of the park with all the panic buying.
Insurance Sector is going to be very strong with minimal claims from reduced travel.
Construction is on fawking fire...
It is over valued even more now.
I’m not a stock market guy, just enjoy the conversation.Devils advocate viewpoints
Moving product is not the same thing as making profit. Supply chains are f'd right now with inconsistent closures. Resourcing and expediting cost money. There's plenty of inefficiency trying to manage staffing up or down again.
Except for, you know, rebuilding and restocking every storefront in most major metropolitan areas.
But, is it? (I got nothing for this one)
Not so sure about that.
Retail sector is going to knock earnings out of the park with all the panic buying.
Insurance Sector is going to be very strong with minimal claims from reduced travel.
Construction is on fawking fire...
During our weekly information sessions, they keep talking about the 'New Normal' and how it is going to be less than pre-Covid. They are also hinting at further 'resource' reductions.
So far a lot of the projections have been off, way off. I really don’t think anyone knows what’s going to happen moving forward but it’s still a great opportunity to maximize long term investments.