Any of those travel stocks are going to be a longer term haul I think.You know what is not on a rocket ship? Those few shares of Marriott that I decided to gamble on.
Any of those travel stocks are going to be a longer term haul I think.You know what is not on a rocket ship? Those few shares of Marriott that I decided to gamble on.
Crude up 31% after Trump calls both Russia and Saudi Arabia to help stabilize the oil market.
How about reasonable gas prices that prevent our oil companies from collapsing and causing massive job loss?Hooray for higher gas prices in a recession, that will help things.
I'd feel a little worse for them if they didn't already receive massive subsidies from our tax dollars.How about reasonable gas prices that prevent our oil companies from collapsing and causing massive job loss?
Hooray for higher gas prices in a recession, that will help things.
How about reasonable gas prices that prevent our oil companies from collapsing and causing massive job loss?
Id say its a good thing that we are reducing dependence of foreign oil. It just costs more to produce here.I'd feel a little worse for them if they didn't already receive massive subsidies from our tax dollars.
Someone tell me why I shouldn't move funds into T-bills to ride this thing out.
I just ran across this article today watching these cruise stocks. I agree this is going to to get way worse for any of them before it gets better but this sounds really bad.I'm waiting for Carnival to hit $6.
Sounds like the new unemployment is 3MM some. Total claims is 6.6MM. Some are getting confused on the numbers.
Some media are now trying to compare raw numbers of claims to the great depression raw claims. You can't use those, maybe percentage, we have 3X the population as then.
I was going off what CBS morning news reported. Looks like they were wrong. I do know that self employed, like hairdressers and such,are filing. They get to claim somehow.This is inaccurate as I understand it.
We had 6.6M new unemployment claims last week, in addition to the 3.3M from the previous week, for a total of nearly 10M in the last two weeks combined.
https://www.politico.com/news/2020/04/02/unemployment-claims-coronavirus-pandemic-161081
I agree that the unemployment rate, not total claims, should be used to compare to Great Depression. The peak unemployment rate was 24.9% in 1933, and the Fed's current projection is 32.1%.
https://www.nbcnews.com/news/amp/ncna1172111
I agree that the unemployment rate, not total claims, should be used to compare to Great Depression. The peak unemployment rate was 24.9% in 1933, and the Fed's current projection is 32.1%.
Semi-disagree. Yes, percentage is what counts, not raw numbers.
BUT
Lots of people won't even be looking for work, so they don't get counted as unemployed. I'd look at the number of working age adults who are actually working (or not). I can't remember the exact name of the stat - economically inactive maybe?
I don't understand this market at all, we are heading into a depression with double digit unemployment, and people are buying? This is not ending in the next few weeks.