It seems to be in the mode with hair triggered reactions to the news of the day. It rose on the stimulus passing, but will probably drop once the jobs and economic numbers start coming in
It's the old buy the rumor and sell the fact. When everyone is saying that there is no place to go but down, we are near the bottom. When you go down fast, it snaps back also. Right now they are trading a 2 trillion dollar stimulus package although we won't see anything until may it sounds. The commodities have a lot more emotion in them, this is reacting like they do in this type of situation.
Bought American Airlines at 10/share, Boeing at 99/share, Delta at 22/share and Disney at 85/share. This is crazy what is going on considering we could be approaching 30% unemployment.
Disney had no problem bouncing back after 2008 and probably won’t have a problem this yearBought American Airlines at 10/share, Boeing at 99/share, Delta at 22/share and Disney at 85/share. This is crazy what is going on considering we could be approaching 30% unemployment.
Really? The Olympics have been cancelled for this year. We are 3 or 4 or 5 weeks from the peak. Thinking this will rebound quickly is a bit of a pipe dream. People will rethink about hanging around in big crowds with a Pandemic. You are buying the history of the contacts of the person you do not know sitting next to you. That includes college kids thinking it is a great idea to hang at crowded beaches in Florida during a Pandemic. Not quite as optimistic as you. We will find a bottom eventually. But habits will have changed. Just my opinion.That seems like an incredibly bleak outlook on things.