MILLIONS of small businesses at risk of closing for good!!

S

S2007S

Incredible figures out today

And people believe the bottom is in....

Imagine having 7 million small businesses fail. This would be an insane amount of unemployed!!! The amount of loss revenue for states, the amount of gdp lost and the long term consequences economical growth!!! Looks like the fed has more trillions to print !!!!

7.5 million small businesses are at risk of closing, report finds
PUBLISHED TUE, APR 14 20203:08 PM EDTUPDATED 2 HOURS AGO




https://www.cnbc.com/2020/04/14/7po...sses-are-at-risk-of-closing-report-finds.html
 
I hope that you are wrong, but afraid you might be right. I personally know people who went all in long, over last few weeks, thinking this is a chance of a life time. If market does not hold March bottom after 10 trillion stimulus, it will plummet like a rock further down.
 
RedDuke said:
I hope that you are wrong, but afraid you might be right. I personally know people who went all in long, over last few weeks, thinking this is a chance of a life time. If market does not hold March bottom after 10 trillion stimulus, it will plummet like a rock further down.
More...
Other than greed, why would these fortuitous people not sell tomorrow?
 
RedDuke said:
I hope that you are wrong, but afraid you might be right. I personally know people who went all in long, over last few weeks, thinking this is a chance of a life time. If market does not hold March bottom after 10 trillion stimulus, it will plummet like a rock further down.
More...


The opportunity to sell any gains they have is still in favor. To be honest how many more hundreds of billions can amazon add to their market cap. A quick little math and if Amazon continues to at the rate it's moving it will be worth over $4 trillion dollars which is absolutely impossible. There is no way on earth amazon can be worth $4 trillion let alone any multiple trillion dollar company by the end of 2020. The hype is insane, Amazon PE now just about 3 figures large is just as insane.
Nothing wrong with taking profits and waiting it out for another drop. No need to chase this overbought market any time soon.
 
Even if only 1/2 right, that's deep shit, remember this is likely just in the USA, it's that all around the world ( except Sweden and maybe Israel still ?? ), so the knock on effect of all of it = the worse decade and likely 1Billion deaths from Poverty, all to save old sick people that are pretty much finished anyway.

Makes ZERO Sense, what is there game, why ?? they don't really care we know this!!
 
S2007S said:
... There is no way on earth amazon can be worth $4 trillion let alone any multiple trillion dollar company by the end of 2020....The hype is insane, Amazon PE now just about 3 figures large is just as insane.
Nothing wrong with taking profits and waiting it out for another drop. No need to chase this overbought market any time soon.
More...

You never learned how to spell "emahtskcblvdt". Silly man!


 
Turveyd said:
Even if only 1/2 right, that's deep shit, remember this is likely just in the USA, it's that all around the world ( except Sweden and maybe Israel still ?? ), so the knock on effect of all of it = the worse decade and likely 1Billion deaths from Poverty, all to save old sick people that are pretty much finished anyway.

Makes ZERO Sense, what is there game, why ?? they don't really care we know this!!
More...


The virus doesn’t discriminate, it kills young people as well.
 
Even when virus goes away....economy going into crap house, small businesses not going to be able to hire back all the employees if they can, going to take months or longer for economy to slowly come back. Way too many small businesses are managed poorly as they seldom have savings of three years, too many start spending profits and going into debt when they should be going the other way of paying off and saving. But Americans don't know how to save, and when people who have much cash to take advantage of cheaper real estate to buy, the masses cry for higher taxes.

Government keeps printing money, no one thinks this will cause inflation?
World long overdue for depression, should have had it in 2008, but American citizens baled out the banks.

Am holding my stocks cause am hedged with futures, going to keep selling Index highs/hedged.

Still think Indexes going down when reality sets in, but so long as markets are moving in some direction, fine with me.
 
You must log in or register to reply here.
Back
Top