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
March 20, 2020, 10:30 AM
old rugged cross
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"
March 20, 2020, 10:44 AM
Hay2bale
quote:
Originally posted by PowerSurge: Yep. Boeing isn’t going to die. Way too many govt contracts.
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
March 20, 2020, 11:11 AM
chellim1
quote:
Originally posted by Hay2bale: Bye, bye, Boeing.
You could be right...
quote:
^^^ Yeah... but I wouldn't short it right now. The risk is that it gets a bailout and jumps big, even if temporary.
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
March 20, 2020, 11:14 AM
BBMW
Yes, but that doesn't mean it's stock won't get wiped out.
quote:
Originally posted by PowerSurge: Yep. Boeing isn’t going to die. Way too many govt contracts.
March 20, 2020, 11:37 AM
chellim1
^^^ 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
March 20, 2020, 02:31 PM
Hay2bale
quote:
Originally posted by TAllen01: Just saw one of the big banking firms forecast a 24% reduction in U.S. economic activity (from 5% not long ago). That is huge.
Goldman Sachs. They could be the worst investment bank, but sobering none the less.
JPM, one of the best, is predicting a 14% decline in second quarter GDP. (CNBC 3:34PM EDT 3/20/20)
---------------------------------------------------- Dances with Crabgrass
March 20, 2020, 03:12 PM
midwest guy
quote:
Originally posted by midwest guy:
quote:
Originally posted by nhtagmember: I have a great deal of money in the market...and this is just a blip...but I do see some opportunities but most of my holdings are near or at their historical highs
my best holding (thanks to Jim Allen) was to get into Realty Income at about $18 a share
not sure I want to add any new stock to that one even on a dip
This is not a blip, this is a drastic collapse of consumer spending that might go on for 12 months or more. Companies are drawing down their revolving credit lines. This is a liquidity crisis we have no model for. You will see chapter elevens in a widespread spectrum across corporations America. The trillions of dollars the US government will throw at this is going to be shocking. MG
BTT
March 20, 2020, 03:14 PM
Sig209
quote:
Originally posted by midwest guy:
quote:
Originally posted by midwest guy:
quote:
Originally posted by nhtagmember: I have a great deal of money in the market...and this is just a blip...but I do see some opportunities but most of my holdings are near or at their historical highs
my best holding (thanks to Jim Allen) was to get into Realty Income at about $18 a share
not sure I want to add any new stock to that one even on a dip
This is not a blip, this is a drastic collapse of consumer spending that might go on for 12 months or more. Companies are drawing down their revolving credit lines. This is a liquidity crisis we have no model for. You will see chapter elevens in a widespread spectrum across corporations America. The trillions of dollars the US government will throw at this is going to be shocking. MG
BTT
Proverbs 27:17 - As iron sharpens iron, so one man sharpens another.
March 20, 2020, 03:16 PM
Sig209
quote:
Originally posted by Sig209:
quote:
Originally posted by midwest guy:
quote:
Originally posted by midwest guy:
quote:
Originally posted by nhtagmember: I have a great deal of money in the market...and this is just a blip...but I do see some opportunities but most of my holdings are near or at their historical highs
my best holding (thanks to Jim Allen) was to get into Realty Income at about $18 a share
not sure I want to add any new stock to that one even on a dip
This is not a blip, this is a drastic collapse of consumer spending that might go on for 12 months or more. Companies are drawing down their revolving credit lines. This is a liquidity crisis we have no model for. You will see chapter elevens in a widespread spectrum across corporations America. The trillions of dollars the US government will throw at this is going to be shocking. MG
BTT
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%
The butcher with the sharpest knife has the warmest heart.
March 22, 2020, 11:38 AM
chellim1
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
March 22, 2020, 04:01 PM
Sig209
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.
March 22, 2020, 05:01 PM
Hay2bale
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
March 22, 2020, 05:04 PM
chellim1
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
March 22, 2020, 05:10 PM
6guns
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>>>
March 22, 2020, 06:05 PM
Hay2bale
quote:
Originally posted by 6guns: I'm with him!
If anyone can do that, it's President Trump!
He IS very smart, you know!
---------------------------------------------------- Dances with Crabgrass
March 22, 2020, 07:09 PM
kkina
Dow futures pointing to another 1000 pt drop for the DJIA. Uncertainty due to the stall in getting the stimulus package inked.
