Dow jones plunges 512 points in one day; nasdaq down 136; s&p down 60

I just heard this week's unemployment number was good. Is the Magic 8 Ball busted?

 

Sounds like don't look at this too closely, they are not what they look like.

 

I have no idea why the stock market got whupped today. Coronavirus cases are rising in the South and West, we knew that. The Fed predicted a 7% GDP decline on the year, we knew that. The Federal Reserve chairman said that not all the jobs that have been lost will be coming back, we knew that.

 

Ok, if this is correct, Hertz debtors want a bankruptcy judge to allow Hertz to sell up to 250 million shares in the market and use that money to pay creditors.

Basically they are saying if the market is willing to buy shit, then why not sell them the shit.

This might be the most amazing thing I’ve ever read $HTZ pic.twitter.com/gyd6BFHPJX

— TC (@TESLAcharts) June 11, 2020

 

Hour and a half to get to work and then back is brutal if not soul sucking. Most I ever had was 55 minutes and I absolutely hated it.

Robinhood to the rescue!

 

As someone put it, stimulus checks money going from the government to svckers, then from the svckers to corporations to 'save' them from bankruptcy.


Brilliant!

 

It really is the $HTZ

 

One hour, both ways for four years. Stress went down when I bought my current place.

 

It's sad that it took a pandemic for people to realize that WFH isn't this crazy thing. I'm concerned that presenteeism will still be an issue once people start going back to work. There's a lot of folks in management who still think it's the 80s and 90s when it comes to work. I've tried advocating a WFH option before, but was met with resistance and the usual stuff about traditions and expectations. I personally don't mind working from home, but would like to at least go into an office from time to time.

On a related note for emissions, I've filled up maybe three or four times in the last few months since this all started. The savings I've made are remarkable. Before all this it was once a week to fill a up.

 

WFH isnt always feasible for a lot of families though.

It's a complete nightmare if you're a young family with a couple of young kids.

They need to maintain offices for those individuals.

My wife is WFH right now and chose to go back to the office as she couldn't handle it. Our house is too chaotic.

 

You mean like this?

 

Can someone explain to me why inflation seems not to have noticed that unemployment is at Great Depression levels?

 

Yes!

Except mine would have come in yelling and screaming, probably chasing each other. You can literally hear mine from our driveway some days.

 

Because inflation is both non existant because of Chinese/Asian production conveyor belt and the money pumped into the world by the raving mad CBpresidents is going to the stock market and real estate. If you're looking for inflation correlate QE injections with those two.
I promise you it will be a financial epiphany.

 

Oh, I’m aware of that. I’ve said on here that having WFH as an option would be nice.

I’m a single guy with no kids. I actually called in today because I’ve been cooped up the last few months. It’s also too nice out. I wouldn’t mind wfh on a Wednesday to break up tedium for instance.

I see your point though. Before COVID, my dad worked from home all the time. it wasn’t an issue most of the time because I was in school 75% of the year. Right now though? I get your wife’s reasoning.

 

I wish I had the faintest idea what any of this means.

 

I don't.

 

Once I understood this abbreviation the post made a little sense.

 

Agreed.

And, any fix (whether it worked or not), would require a big step back initially in quality of life for many, especially low to middle income levels.

I also think the X factor is technology. That has come so far, that any fix requires a bigger reset and gambling on the unknown, versus trying to roll back the clocks.

Trumps approach is too simplistic in nature. Hes just trying to roll back the clock to the 70s and 80s.

 

Nineteen or eighteen?

 

1 that would cost money for the company for just a handful of individuals (I guess many would downsize their office space).

2 you can actually rent your own personal office, maybe subsidized by your company.

 

Because it is expected to be temporary, we will see how much is temporary and how much is permanent/long term.

 

And it has helped millions of Chinese and South East Asians get out of poverty.

So from nationalistic POV that is bad (Trump) from a world development POV it was a good thing.