Another Covid Casualty?...the stock market??

Don M.

Well-known Member
Location
central Missouri
It looks like this latest spike in the Corona Virus has finally gotten the Stock Markets attention. The markets have been rising nicely for the past year, but that may be about to end...the markets took quite a hit today, and the CBOE VIX jumped several points. I've been surprised that with all these shutdowns and high unemployment numbers, etc., the markets haven't crashed sooner. It will be interesting to see if this is just a short downturn, or if it continues for some time due to all the looming potential problems associated with the rising CV numbers.
 

oldmontana

Member
Location
Montana
It looks like this latest spike in the Corona Virus has finally gotten the Stock Markets attention. The markets have been rising nicely for the past year, but that may be about to end...the markets took quite a hit today, and the CBOE VIX jumped several points. I've been surprised that with all these shutdowns and high unemployment numbers, etc., the markets haven't crashed sooner. It will be interesting to see if this is just a short downturn, or if it continues for some time due to all the looming potential problems associated with the rising CV numbers.

I wonder why it took that long to see what the Corona Virus is and has done to the world economy. I look for the market to notinue to go down.
 

rgp

Well-known Member
Location
Milford,OH
I hold only two companies at this time. Both are OK at this point, but I admit to keeping a closer than normal eye on things.
 

JonDouglas

Senior Member
Location
New England
It looks like this latest spike in the Corona Virus has finally gotten the Stock Markets attention. The markets have been rising nicely for the past year, but that may be about to end...the markets took quite a hit today, and the CBOE VIX jumped several points. I've been surprised that with all these shutdowns and high unemployment numbers, etc., the markets haven't crashed sooner. It will be interesting to see if this is just a short downturn, or if it continues for some time due to all the looming potential problems associated with the rising CV numbers.
Given there are essentially two economies - Wall Street and Main Street, I am hoping Main Street can remain reasonably calm and not go apesh*t over what was bound to happen.
 

JonDouglas

Senior Member
Location
New England
Main street is in trouble. Many stores have closed and others are cutting hours because their lack of getting workers. Many empty buildings. No end in site.
Is that universally true or just in the big cities with crime problems or lockdowns? Things look good in my neighborhood but that's only a few pictures in a bigger movie.
 

OneEyedDiva

Well-known Member
Location
New Jersey
Now Don...you know the market behaves like a see-saw from time to time. I guess you see that the market is rebounding today. I read on Yahoo financial news this morning that another crash fueled partly by the rise in COVID cases and earnings reports is likely coming. I used the crash last year as a buying opportunity and I'm glad I did. One fund is up by $4 a share, the other by $22 a share. I'll do the same when another crash comes.
 

Don M.

Well-known Member
Location
central Missouri
Now Don...you know the market behaves like a see-saw from time to time.
Yup, the markets are a constant "roller coaster". I notice that they are up today, just about the same as what they lost yesterday. I quit trying to "time" the markets, years ago. I have a fair amount of good dividend paying stocks, and my mutual funds continue to show a nice rise, and that is good enough for me.

So long as this virus doesn't screw up the economy enough to cause a major downturn, like 2007/2008, I'm happy where I am.
 

Uptosnuff

Member
Is that universally true or just in the big cities with crime problems or lockdowns? Things look good in my neighborhood but that's only a few pictures in a bigger movie.
I think it is universally true. I live in a small town in the middle of the US and it's the same thing here. No one wants to work in the present environment and we are starting to see lots of empty storefronts. :( A casualty of buying everything online.
 

JonDouglas

Senior Member
Location
New England
I think it is universally true. I live in a small town in the middle of the US and it's the same thing here. No one wants to work in the present environment and we are starting to see lots of empty storefronts. :( A casualty of buying everything online.
You know, if powers at be (both sides, BTW) were actually trying to put small businesses out of business, they couldn't have done much better job.
 

oldmontana

Member
Location
Montana
Is that universally true or just in the big cities with crime problems or lockdowns? Things look good in my neighborhood but that's only a few pictures in a bigger movie.
I see it in big cities and more so in smaler cities and towns.

With the new government program that gives a family with children $250 a month child ages 7-17 and $300 a month for each child ages under 7 why would a women go back to work, part time or full time and pay for child care if her husband is working?

My point is I look for employers to continue to have trouble finding workers.
 
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JonDouglas

Senior Member
Location
New England
I see it in big cities and more so in smaler cities and towns.

With the new government program that gives a family with children $250 a month child ages 7-17 and $300 a month for each child ages under 7 why would a women go back to work, part time or full time and pay for child care if her husband is working?
I just did some checking on my travels today and it is true that many, if not most, businesses I encountered are having a lot trouble getting help. As a result, they're either not able to open or only open a few days a week. Aside from the fact that policies have been driving farmers out of business for some time now, I learned they've been especially hit hard. Guess who's out there now buying up farmland.
 

oldmontana

Member
Location
Montana
I just did some checking on my travels today and it is true that many, if not most, businesses I encountered are having a lot trouble getting help. As a result, they're either not able to open or only open a few days a week. Aside from the fact that policies have been driving farmers out of business for some time now, I learned they've been especially hit hard. Guess who's out there now buying up farmland.
" Guess who's out there now buying up farmland."

Big corporate farm?
 

Don M.

Well-known Member
Location
central Missouri
China! Don't know the extent or volume but there's real concern in some circles. You get their bug and they get your farmland. </sarc>

Yeah....Smithfield foods...one of the nations biggest pork producers was in the news a few days ago....Owned by China. We spend our money on Chinese products, and they take some of their profits and buy US companies. That does not bode well for our nations manufacturing.
 

Don M.

Well-known Member
Location
central Missouri
Horse feathers!! I laughed when I saw the market soar right back after Monday's drop and everyone said the drop is because of the virus.

The Uncertainty over this latest spike of the CV is certainly a contributor to stock market volatility. If this virus continues to spread, there will be more lockdowns, etc., and the markets will be bouncing like a huge Yo-Yo. The next few months will show a lot of investor uncertainty, IMO.
 

JonDouglas

Senior Member
Location
New England
The Uncertainty over this latest spike of the CV is certainly a contributor to stock market volatility. If this virus continues to spread, there will be more lockdowns, etc., and the markets will be bouncing like a huge Yo-Yo. The next few months will show a lot of investor uncertainty, IMO.
The warning flags for a whole lot of bad stuff are up.
 

Ken N Tx

MALE
Location
Texas
China! Don't know the extent or volume but there's real concern in some circles. You get their bug and they get your farmland. </sarc>
Bill Gates is up there..(before the divorce!)

Bill Gates is America's biggest owner of private farmland, and his 242,000 acres could be split in his divorce​


The Microsoft cofounder and philanthropist Bill Gates owns 242,000 acres of farmland in the US, making him the largest private-farmland owner, an analysis by The Land Report found.

Gates, whose net worth of nearly $121 billion makes him the world’s fourth-richest person, and his wife, Melinda Gates, hold an extensive farmland portfolio stretching over 18 states, according to The Land Report.

The Gates family’s biggest holdings are in Louisiana (69,071 acres), Arkansas (47,927 acres), and Nebraska (20,588 acres), the report said.

Their farmland is held both directly and through Cascade Investment, a firm controlled by Gates to manage his investments, according to The Land Report.
 

Liberty

Well-known Member
Location
Texas
The Uncertainty over this latest spike of the CV is certainly a contributor to stock market volatility. If this virus continues to spread, there will be more lockdowns, etc., and the markets will be bouncing like a huge Yo-Yo. The next few months will show a lot of investor uncertainty, IMO.
Thats how the big boys make their money...buying low and selling high...lol.
 

fmdog44

Well-known Member
Location
Houston, Texas
The Uncertainty over this latest spike of the CV is certainly a contributor to stock market volatility. If this virus continues to spread, there will be more lockdowns, etc., and the markets will be bouncing like a huge Yo-Yo. The next few months will show a lot of investor uncertainty, IMO.
I would say like I heard said yesterday on CNBC in response to another lockdown 'we are going to have to learn to live with this virus like we do all other viruses." I tend to agree now that the vaccines have worked taking the hysteria out of the picture. It is sad so many have refused to get the vaccine. The Texas Medical Center new cases are up 90% in one week and almost no one is showing for testing. One doctor said they will soon have to throw out thousands of vaccines due to expiration dates.
 

oldmontana

Member
Location
Montana
Bill Gates is up there..(before the divorce!)

Bill Gates is America's biggest owner of private farmland, and his 242,000 acres could be split in his divorce​


The Microsoft cofounder and philanthropist Bill Gates owns 242,000 acres of farmland in the US, making him the largest private-farmland owner, an analysis by The Land Report found.

Gates, whose net worth of nearly $121 billion makes him the world’s fourth-richest person, and his wife, Melinda Gates, hold an extensive farmland portfolio stretching over 18 states, according to The Land Report.

The Gates family’s biggest holdings are in Louisiana (69,071 acres), Arkansas (47,927 acres), and Nebraska (20,588 acres), the report said.

Their farmland is held both directly and through Cascade Investment, a firm controlled by Gates to manage his investments, according to The Land Report.

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CNN founder Ted Turner owns 2 million acres of land largely in New Mexico, South Dakota, Nebraska and Georgia.Feb 23, 2021
 

JonDouglas

Senior Member
Location
New England
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CNN founder Ted Turner owns 2 million acres of land largely in New Mexico, South Dakota, Nebraska and Georgia.Feb 23, 2021
I read somewhere that Turner raises bison on some of this land for his Ted's Montana Grill restaurants. Went to one a while back and will likely never go back (over-priced mediocrity). The restaurant chain is owned by Turner and Longhorn Steakhouse founder George McKerrow. Didn't care for Longhorn Steak house either.
 

Ken N Tx

MALE
Location
Texas
Bill Gates is up there..(before the divorce!)

Bill Gates is America's biggest owner of private farmland, and his 242,000 acres could be split in his divorce​


The Microsoft cofounder and philanthropist Bill Gates owns 242,000 acres of farmland in the US, making him the largest private-farmland owner, an analysis by The Land Report found.

Gates, whose net worth of nearly $121 billion makes him the world’s fourth-richest person, and his wife, Melinda Gates, hold an extensive farmland portfolio stretching over 18 states, according to The Land Report.

The Gates family’s biggest holdings are in Louisiana (69,071 acres), Arkansas (47,927 acres), and Nebraska (20,588 acres), the report said.

Their farmland is held both directly and through Cascade Investment, a firm controlled by Gates to manage his investments, according to The Land Report.
Private Farmland..
 


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