Robert59
Well-known Member
Does your stock when it get's to zero still have value?
Don't think so...they get quickly de listed. Like if the company went bankrupt.Does your stock when it get's to zero still have value?
Not original but perhaps appropriate...lol!You got to know when to hold 'em
Know when to fold 'em
Know when to walk away
Know when to run
You never count your money
When you're sittin' at the table
There'll be time enough for countin'
When the dealin's done
Well it depends. How much can you sell it for? That's the value of anything you own.Does your stock when it get's to zero still have value?
When it comes to oil, the U.S. is lucky to have Canada as their major supplier.The volatility in the markets is just getting started. It will probably be months....maybe well over a year....before anything resembling stability returns to the markets. It all depends upon what kind of long term effects this virus has on global economies....and, of course, this oil price war between Russia and Saudi Arabia isn't helping the oil industries. Estimates from the "experts" are all over the place, with most saying the markets my drop several percentage points more, from today's levels, and any recovery will probably not occur before well into the latter half of this year.
I don't think so. It depends on the balance sheet and assets versus liabilities.\Don't think so...they get quickly de listed. Like if the company went bankrupt.
Friend of mine said his broker told him we could have a major melt down by the end of year if the government doesn't find a cure for this virus.
One nice thing about having been in the markets for the last 30 years, however, is that I've learned never to pay attention to what anyone's broker says.
When it comes to oil, the U.S. is lucky to have Canada as their major supplier.
Many Americans don't realize that Canada is the major supplier to the United States.
And because of the free trade agreement with Canada and the exchange rate, Americans are getting a real bargain including stability.
Its value at zero is...zero.Does your stock when it get's to zero still have value?
I believe staying put was good advice. Anyone in the market knows that you have to be willing to ride things out, and it will come back sooner or (usually) later. I certainly would not be selling at today's prices but we are positioned for the long haul.That's For Sure! 3 weeks ago, all the "experts" were telling people to "Stay Put". Anyone with a 401K, etc., has quickly lost a bunch by following this advice. I'm of the opinion that a brokers highest priority is their fees and commissions.
ExxonMobil is cutting contractors this week. I have never known them to lay off direct employees but we are seeing a lot of "this has never happened before" situations.This is a major meltdown. Stocks down by 30 percent, and the real economic impact hasn't even hit yet. When 1q earnings come out...when layoffs begin at United, Boeing, ExxonMobil, many other companies, not to mention every retailer, restaurant, cruise ship operator, etc., you will see some real consternation.
One nice thing about having been in the markets for the last 30 years, however, is that I've learned never to pay attention to what anyone's broker says.
By the way, governments don't find cures for viruses, private companies do.
My understanding is that there is no 'cure' for viruses only vaccines. And it depends what country you are talking about when you say only private companies find cures.
My understanding is that there is no 'cure' for viruses only vaccines. And it depends what country you are talking about when you say only private companies find cures.
True however insert your calendar life expectancy in and you come up bruised and battered. No matter how you view it we have lost money. "I will make it back in time" is sticking one's head in the sand. The fact is if we did not take this very big hit we would be enjoying a long run of profit. This dive ate those profits up sending us back to square one. If one had 250,000 before the dive and 210,000 when it ended you have lost money because what you can buy is less than what you could have been able to buy. If a person is a few years from death they are worse off than a 30 year old but both have suffered a reduction in their portfolios.Just remember, y'all: gains or losses are just on paper until you sell. Then they become real. If you don't have to sell securities to survive right now, don't.
Actually, the U.S. produces more oil than Canada and is very close to being self sufficient. But, for now, Canada is our main importer for the oil that is needed in addition to our own. That’s well known. Geo-politics has a lot to do with the reasoning. The U.S. is the largest oil producing country in the world and Canada, I believe, is either 4th or 5th.When it comes to oil, the U.S. is lucky to have Canada as their major supplier.
Many Americans don't realize that Canada is the major supplier to the United States.
And because of the free trade agreement with Canada and the exchange rate, Americans are getting a real bargain including stability.
I think perhaps you don’t understand how the market works. Take a large cap stock and as it declines, it will be removed from the large cap sector to the mid-cap sector. If it continues to decline, it was again be removed from the mid-cap sector to the small-cap sector. If it still declines, it could be de-listed and end up being traded on the OTC or as some call it, the pink sheet.Well it depends. How much can you sell it for? That's the value of anything you own.