Today Market

Would you buy another Tesla?

I drove my cousin’s Tesla. The auto crap drove me nuts. I would only own one if there was a voice command which allowed me to tell it to turn all that garbage off and just drive like a normal car.
When I tried to pull over the car yanked me back into the road. I had to ā€œinsist.ā€ I’m not driving anything like that. I’m OK with features like intelligent cruise control which maintains a given distance between myself and the car in front of me but you don’t need a Tesla for that.

Honestly don’t know. But if you ask my wife, it’s a definite no.

https://www.seattletimes.com/life/food-drink/seattle-restaurateur-ethan-stowell-lays-off-significant-portion-of-his-staff-due-to-coronavirus/

Wow, that’s a huge drop in business.

Same issue with many restaurants in bay area, per day visitors came down 1/15th now and getting further reduced.

Short commercial REIT like NLY!

Jealous? hmmm…you short…it, I buy them…we are just opposite site !!!

Annaly Capital Management, Inc., a diversified capital manager, invests in and finances residential and commercial assets. The company invests in various types of agency mortgage-backed securities, non-agency residential mortgage assets, and residential mortgage loans; and originates and invests in commercial mortgage loans, securities, and other commercial real estate investments. It also provides financing to private equity-backed middle market businesses; and operates as a broker-dealer. The company has elected to be taxed as a real estate investment trust (REIT). As a REIT, it is not subject to federal income tax to the extent that it distributes its taxable income to its shareholders. Annaly Capital Management, Inc. was founded in 1996 and is based in New York, New York.

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Is it a good time to buy airline stocks or ETF and hotel stocks/ETF? They are beaten down, and I have a feeling they will go up once the travel returns to normalcy. What are the risks and gotchas?

Added Later:

One I can think is the lease or Loans that they have to pay while they are not earning fare or nightly rates. What else could be hiding. What if airlines have to declare bankruptcy. Do they accumulate the lease payments and do the hotels/REITS accumulate mortgage on the property?

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I have a feeling ==> Instead of feeling, you need ensure by your analysis they will go up.

Not all airline or hotel stocks will be successful, some file bankruptcy and some survive. You need find out the airline or hotel stocks which has higher cash reserve which can withstand all financial pressures and come out as clear winner, invest in it.

If 10 people are in race, you need to find out the winner and runner, ignore rest of them ! It is that easy !!

Read 10K or 8-K statements and understand…

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How long to learn how to read these craps intelligently? He needs to make a decision in a week! Give him something executable within a week.

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I am thinking best to stay out of market till VIX settles down unless you plan to day trade…

I figure I will pay attention once VIX goes below 35. Until then only look at it with play money to test some theories

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Until Main Street gets back on track, Wall Street will be in the toilet.

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Whether at federal, state, county, or city level, governments or its agencies should not be in business of creating hysteria.

I just invited a couple folks from the BA out to AZ. One is a bartender. Don’t know if people are drinking more or less on account of this. I imagine the tips are good with nowhere else to go. Or maybe not with the portfolio losses. In any event gas and plane tickets are getting crazy cheap and little is shut down here.

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I spent my teen years in a disturbed area and I noticed first hand how people cannot remain in a permanent state of shut down and will risk their lives to go out. Life moves on. Body does not shut down. Hunger does not stop. Food must come to table. Therefore, economy cannot remain suspended forever. At some point of time, a decision will be made, what is bigger threat to humans: Hunger or Coronavirus?

Check their temperature? Everyone in Tahoe is paranoid about disease carrying tourists :sunglasses:

Of course a lack of tourists will kill the local economy. The ski resorts are shutdown worldwide. Huge hit for ski towns.

I’m starting to think GDP impact is grossly underestimated. Q1 is going to be a disaster. This is going to last into Q2. That is unless toilet paper and hand sanitizer sales make up for lost GDP in other areas.

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next will be condom. better stock up NOW, what else people gonna do right?

gotta all in, into trojan and durex

Just google now: Goldman downgrades U.S. GDP forecast to 0% for Q1, and -5% for Q2

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Besides the hit in GDP, a lot will depend upon the pace of recovery, when it starts. Will it be a sharp upward rebound , or slow sluggish climb.