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SVTPerformance's Chain of Restaurants
Road Side Pub
Dow is Down 900+ points Today 2/24/2020
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<blockquote data-quote="FIVEHOE" data-source="post: 16374644" data-attributes="member: 140030"><p>well looks like people have figured out to buy into the dips. Although I think its too early personally, and that we haven't hit bottom. Reason being: China is still shut down... retail, manufacturing, restaurant chains, etc... all shut down due to the coronavirus. This in return caused airlines to stop going in/out of heavily infected areas, which in return is causing people to stop traveling as much as they used to. This in return will impact the hospitality industry, including companies tied to that. Those effects haven't even been felt in the market yet... lets wait and see how the next quarterly reports go... my guess: not good (especially for ford lololol)</p><p></p><p>On top of that, my company (fortune 500), just had a public announcement preparing employees to be prepared to work from home, when this really starts to hit the states. I'm sure bigger companies will follow suit, but it will impact businesses that can't work remotely. </p><p></p><p>It's going to get a little worse, just a matter of how long will it take and how hard will that have impact on the market.</p></blockquote><p></p>
[QUOTE="FIVEHOE, post: 16374644, member: 140030"] well looks like people have figured out to buy into the dips. Although I think its too early personally, and that we haven't hit bottom. Reason being: China is still shut down... retail, manufacturing, restaurant chains, etc... all shut down due to the coronavirus. This in return caused airlines to stop going in/out of heavily infected areas, which in return is causing people to stop traveling as much as they used to. This in return will impact the hospitality industry, including companies tied to that. Those effects haven't even been felt in the market yet... lets wait and see how the next quarterly reports go... my guess: not good (especially for ford lololol) On top of that, my company (fortune 500), just had a public announcement preparing employees to be prepared to work from home, when this really starts to hit the states. I'm sure bigger companies will follow suit, but it will impact businesses that can't work remotely. It's going to get a little worse, just a matter of how long will it take and how hard will that have impact on the market. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Dow is Down 900+ points Today 2/24/2020
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