Luckin Coffee fabricated sales figures. Shocked I tell ya, shocked!
Was 6.6 million already priced in? Dang, that's a big number. My sister is among them.
Luckin Coffee fabricated sales figures. Shocked I tell ya, shocked!
Just saw on Bloomberg that Boeing will be offering voluntary buyouts to its 161K employees. Stunning.
[redacted] them and the horses they rode in on.
Yes, stunning but not altogether surprising. A year and a half ago (when BA stock was selling at $430) and prior to the 737 Max crashes, BA had a huge back order of planes. And now, given the almost total drop off in plane travel (and who know when it will return to normal?), I'm sure many of those backlogged orders from carriers around the world have been or will be cancelled.
some fascinating presidential tweets about a huge Saudi-Russian deal to cut oil production by a big amount (15 million barrels/day) seems to be news to the Russkis and Saudis...it's a carnival out there.
I've never reevaluated and modified my investment approach more than the last 30 days. I've been investing since my late teens, spent significant time learning and understanding financial history, and worked very hard at not making emotionally based financial decisions. My investment approach has been disciplined and mostly consistent, until now. It's a new world, with no realistic historical comparison, and the markets are being manipulated at extreme levels. It's a new game and I have a new playbook.
Jeffrey,
What kind of manipulation do you think is occurring?
Matt
Aw come on...you can't say you have a new playbook and not give us some of what's in there!
I haven't bought and sold stock in 20 years. That may change next week. Of course, with just a little $$ so that when I lose most of it I haven't taken a real hit (but if things workout I get some stuff for my kids).
In 2009, it could be argued that alternative methods and choices would have been better than the choice the government took. I don't want to get into that discussion, only that the choices made were not seen as universally necessary.
In our current situation, almost everyone recognizes that the world governments need to go big and quickly. I think the hindsight will be about the ability to get that aid out, not about the effort or commitment.
As a result, IMO, there are significant differences between some current intrinsic and market values. Also, some markets are currently much more appealing than others. IMO, it's an extremely different investment world, than ever before, and players need to adjust quickly and accordingly.
Hard at work making beautiful things.
Rumors of a oil production deal between OPEC + continue to buoy the futures.