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Yep. Boeing isn’t going to die. Way too many govt contracts. ——————————————— The fool hath said in his heart, There is no God. Psalm 14:1 | |||
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| Green grass and high tides  |
If I thought I could afford it I would buy 100 shares of boeing at $97 today. 5 years from now I would be kicking myself I did not buy 500 shares. My take anyways. I would of never thought about buying any at $400 a share. That is for sure. "Practice like you want to play in the game" | |||
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Correct. Boeing isn't going to die, just like GM and Chrysler didn't die. But current Boeing shareholders and bondholders will get nothing. The government contracts will be transferred to Lockheed or General Dynamics by the bankruptcy court. ---------------------------------------------------- Dances with Crabgrass | |||
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| Lawyers, Guns and Money  |
You could be right...
BOOM: 167.15 up over 30% today.This message has been edited. Last edited by: chellim1, "Some things are apparent. Where government moves in, community retreats, civil society disintegrates and our ability to control our own destiny atrophies. The result is: families under siege; war in the streets; unapologetic expropriation of property; the precipitous decline of the rule of law; the rapid rise of corruption; the loss of civility and the triumph of deceit. The result is a debased, debauched culture which finds moral depravity entertaining and virtue contemptible." -- Justice Janice Rogers Brown "The United States government is the largest criminal enterprise on earth." -rduckwor | |||
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| Big Stack |
Yes, but that doesn't mean it's stock won't get wiped out.
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| Lawyers, Guns and Money |
^^^ Yeah... but I wouldn't short it right now. The risk is that it gets a bailout and jumps big, even if temporary. "Some things are apparent. Where government moves in, community retreats, civil society disintegrates and our ability to control our own destiny atrophies. The result is: families under siege; war in the streets; unapologetic expropriation of property; the precipitous decline of the rule of law; the rapid rise of corruption; the loss of civility and the triumph of deceit. The result is a debased, debauched culture which finds moral depravity entertaining and virtue contemptible." -- Justice Janice Rogers Brown "The United States government is the largest criminal enterprise on earth." -rduckwor | |||
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| Member |
Goldman Sachs. They could be the worst investment bank, but sobering none the less. https://www.cnbc.com/2020/03/2...ng-by-24percent.html JPM, one of the best, is predicting a 14% decline in second quarter GDP. (CNBC 3:34PM EDT 3/20/20) ---------------------------------------------------- Dances with Crabgrass | |||
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| Member |
BTT | |||
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| Member |
Proverbs 27:17 - As iron sharpens iron, so one man sharpens another. | |||
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| Member |
wonder when they will realize the 'cure' is worse than the disease like cranking a tourniquet down on a patient's neck who has a scalp laceration... especially when they realize the mortality % is a FRACTION of 1% ----------------------------------------------------------- Proverbs 27:17 - As iron sharpens iron, so one man sharpens another. | |||
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| Victim of Life's Circumstances  |
Nothing is ever as good as it first may seem nor is anything ever as bad as it first may seem ________________________ God spelled backwards is dog | |||
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| Member |
I bought 100 shares of TWIN (disc) today at just under $8, it's been fluctuating about 20% a day, so I think I'm only going to hold it short term. | |||
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| Member |
Considering this to be the COVID 19 Economic Impact Thread: State tax revenue will be decimated. I wonder which States were solvent going into this and which were basically bankrupt before this started? ____________________________________________________ The butcher with the sharpest knife has the warmest heart. | |||
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| Lawyers, Guns and Money |
braillediver: You ask a very important question. I have been fearing this for many years. Oh, I didn't know it would be the coronavirus but I have feared that there would be some 'crisis' that would come along and give the corrupt, bankrupt, Democrat controlled states of New York, Illinois, and California the cover to beg for and eventually receive bailouts from the rest of us who have lived more frugal lives, in more frugal states. This is going to get political. How can it not be? The places hardest hit by the coronavirus are the places where the population density is high. They also happen to be the places where Democrats control everything. The rest of us are going to end up paying the tab for the profligate spending and borrowing. These states have been living beyond their means for years and it will soon come crashing down, not just on them but on the rest of us as well. Look at this map:  "Some things are apparent. Where government moves in, community retreats, civil society disintegrates and our ability to control our own destiny atrophies. The result is: families under siege; war in the streets; unapologetic expropriation of property; the precipitous decline of the rule of law; the rapid rise of corruption; the loss of civility and the triumph of deceit. The result is a debased, debauched culture which finds moral depravity entertaining and virtue contemptible." -- Justice Janice Rogers Brown "The United States government is the largest criminal enterprise on earth." -rduckwor | |||
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| Member |
alright -- gents -- who's calling the bottom ?? -50% for the Dow would put it at ~14,750. That would he historic. Does it fall that far ? That's 'only' about 5k from where we are now. if we go full lock down -- what's the likelihood that trading gets suspended? -------------------------------- Proverbs 27:17 - As iron sharpens iron, so one man sharpens another. | |||
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| Member |
I think we will see 15K on the Dow by Friday. It will go lower the week after, unless President Trump finds The Cure by then. President Trump will have found multiple cures for the virus by April 15th. Dow 30K by the 4th of July. Or not. ---------------------------------------------------- Dances with Crabgrass | |||
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| Lawyers, Guns and Money |
Hay2bale: I like how you think.  "Some things are apparent. Where government moves in, community retreats, civil society disintegrates and our ability to control our own destiny atrophies. The result is: families under siege; war in the streets; unapologetic expropriation of property; the precipitous decline of the rule of law; the rapid rise of corruption; the loss of civility and the triumph of deceit. The result is a debased, debauched culture which finds moral depravity entertaining and virtue contemptible." -- Justice Janice Rogers Brown "The United States government is the largest criminal enterprise on earth." -rduckwor | |||
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| Partial dichotomy |
I'm with him! If anyone can do that, it's President Trump! SIGforum: For all your needs! Imagine our influence if every gun owner in America was an NRA member! Click the box>>>  | |||
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| Member |
He IS very smart, you know! ---------------------------------------------------- Dances with Crabgrass | |||
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Lost |
Dow futures pointing to another 1000 pt drop for the DJIA. Uncertainty due to the stall in getting the stimulus package inked. | |||
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