Biggest crash in stock market history?

JimN said:
I'm not going to say that you're wrong, because I don't know enough about this kind of stuff...but



Yes. Less than before, but yes. We've also been ordering from local restaurants via Doordash way more than before. Many restaurants definitely won't survive, but most of them are open for business and servicing customers. Dining out will still be a thing, and new restaurants will open at some point to replace ones that closed. I'm currently in Miami Beach, and it is business as usual down here. There are less people overall, but everyone is out and about going to bars and restaurants. Just because you in NJ aren't, doesn't mean nobody is.



Been hitting the climbing gym since the week they opened. Climbing in a mask sucks, but it's better than not climbing. It's a bit less crowded overall, but people are still going. Some gyms will close, but gyms will still be a thing. My wife's regular gym closed, so she joined a different one. She said that running on a treadmill with a mask sucks, but it's better than not running. She clearly doesn't know what she's talking about though; running is terrible, and running on a treadmill is beyond terrible.



I have personally not had a problem buying anything. It was tough to get toilet paper for a few weeks because people are irrational, but Wegmans has been fully stocked with everything you could want for months now. I still get shit same day or next day via Amazon Prime, so the sky isn't falling yet. I'm gonna have to wait a few weeks or months for a Playstation 5, but I'll survive. I know supply chains and stuff are disrupted, and I haven't tried to buy an entry level or mid range bicycle, but I have had literally zero problems buying anything that I want.



Some people and businesses are obviously fucked. Maybe the government will help, but they can't help everyone. Also, most of the stuff we buy doesn't come from the US. This pandemic is global, and pretty much the whole world is affected. I'm not sure why only the US dollar would crash when pretty much every economy and currency is facing the same shit. Europe is about to shut down again, and we won't be far behind.

In any event, I hope you're wrong, and I'm sure you do too.
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Because the US dollar is abused and we have leveraged it to the max. Compare it side by side the the aus dollat, the euro etc.
restaurants are designed to be run at full capacity to make a profit. How is this bull run goi g to keep going? Personally I am looking to go bearish on the banks in the spring. Between foreclosures and people withdrawing money they are sure to fail.
 
Dave Taylor said:
Because the US dollar is abused and we have leveraged it to the max. Compare it side by side the the aus dollat, the euro etc.
restaurants are designed to be run at full capacity to make a profit. How is this bull run goi g to keep going?
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I guess I just don't know enough about this stuff to understand what this means. I was under the impression that the value of the US dollar is based on other currencies. If other economies are also fucked, then the ratio of US dollar to X currency doesn't really change. I also don't know what the failure of one specific industry has to do with the US dollar crashing. The restaurant industry is pretty fucked. Especially in big cities. But this is true in other countries too.
 
JimN said:
I guess I just don't know enough about this stuff to understand what this means. I was under the impression that the value of the US dollar is based on other currencies. If other economies are also fucked, then the ratio of US dollar to X currency doesn't really change. I also don't know what the failure of one specific industry has to do with the US dollar crashing. The restaurant industry is pretty fucked. Especially in big cities. But this is true in other countries too.
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It’s all relative. Germany starts nationwide lockdown monday. When does the us? Do restaurants, gyms, airlines, not make up the use economy? Do we strive of speculative tech stocks?
 
the restaurant industry can shut down and start up without missing a beat.
they claim bankruptcy, have their debt forgiven, then start as a new company.
The skills are not lost - the equipment is still there....
so now who is at a loss? the owner of the building that isn't earning rent - but the building is still there.
it can be occupied in a moments notice.

sure, a bunch of people have to go on unemployment, so what?
hell, 80% fail in 5 years anyway - https://www.fsrmagazine.com/expert-takes/restaurant-profitability-and-failure-rates-what-you-need-know#:~:text=The statistics aren't pretty,re doing “good enough.”

US$ are based on the same principals as the stock market.
ie - what are people willing to pay in euros to buy USD.- and visa-versa.
sure - there is a trade gap thing - but as mentioned, it is a scaled thing, everyone is suffering.

so if that is the case, is it an opportunity for a business that says to its workers,
"let's roll"? - apropos because they are taking their health into their own hands.

I have a current thought that many businesses are doing WFH to avoid being sued if someone catches the virus at work.
only essential employees, and do everything possible to prevent spread at work.

i predict an incredible demand that can not be fulfilled when a vaccine is released/deployed.
people will want to go out. they will rethink priorities, and move to a YOLO mode.
offering experiences, and adventures will be huge (they were trending anyway)

where is the opportunity? it isn't about collapse, cause that is short term.
if that belief is a long term thing, investing in ammo would be the priority - the physical goods, not the company.
 
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Patrick said:
the restaurant industry can shut down and start up without missing a beat.
they claim bankruptcy, have their debt forgiven, then start as a new company.
The skills are not lost - the equipment is still there....
so now who is at a loss? the owner of the building that isn't earning rent - but the building is still there.
it can be occupied in a moments notice.

sure, a bunch of people have to go on unemployment, so what?
hell, 80% fail in 5 years anyway - https://www.fsrmagazine.com/expert-takes/restaurant-profitability-and-failure-rates-what-you-need-know#:~:text=The statistics aren't pretty,re doing “good enough.”

US$ are based on the same principals as the stock market.
ie - what are people willing to pay in euros to buy USD.- and visa-versa.
sure - there is a trade gap thing - but as mentioned, it is a scaled thing, everyone is suffering.

so if that is the case, is it an opportunity for a business that says to its workers,
"let's roll"? - apropos because they are taking their health into their own hands.

I have a current thought that many businesses are doing WFH to avoid being sued if someone catches the virus at work.
only essential employees, and do everything possible to prevent spread at work.

i predict an incredible demand that can not be fulfilled when a vaccine is released/deployed.
people will want to go out. they will rethink priorities, and move to a YOLO mode.
offering experiences, and adventures will be huge (they were trending anyway)

where is the opportunity? it isn't about collapse, cause that is short term.
if the belief is a long term thing, investing in ammo would be the priority - the physical goods, not the company.
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Guns n ammo supply is drying up. So all these mom n pops restaurants are good to go? Airlines? Rental car agencies? Yolo doesn’t work if you are unemployed, funds have dried up, you lost everything you owned and banks aren’t liquid. #2008wasfake
 
Dave Taylor said:
I await the fall of the US dollar...that’s all. I think the euphoric top is happening now, don’t get left behind etc. Has anyone eaten at a restaurant lately? Been to a gym? Seen the car dealers with no inventory? Not only are businesses dying, sourcing food, products, parts etc is more and more difficult. You can’t make money if you can’t sell anything.
On a side note I was able to sell my 6 month old rickshox sid sl ultimate for $100 more than I paid and upgrade to the brain version basically putting me dead even. Win win. Sold my SLV puts yesterday.
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Doomsday much?

All the gyms are open around me and we get take out just as much as before. The eating out is going to take a major hit with the cold weather. Even with tents with heaters, no one is sitting in those come december. However I am still not cooking at home on the weekends.

While retails is hurting, contracting is booming. I have never seen so many contracting jobs being done on homes.
 
China and Taiwan are fully operational so supply will pick up. It's been 200 days since Taiwan had a single case of covid. Restaurants that embraced takeout have more business than they can serve. Others will adapt or new ones will take their place after investors start to realize there is money in it. Even if the market crashes, in 20 years you still won't have beat the market.
 
In Metuchen 5 new restaurants have opened since the pandemic. Pushing take-out right now. Not everyone is afraid of restaurants. Still can't get reservations at a few on Weekends.

Other retail is hurting.
 
Bike N Gear said:
In Metuchen 5 new restaurants have opened since the pandemic. Pushing take-out right now. Not everyone is afraid of restaurants. Still can't get reservations at a few on Weekends.

Other retail is hurting.
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Weird. The opposite by me. I never have a wait line. We eat out a couple times per week but the restaurants are dead(maybe on e of every four tables filled. Chilis has ben mostly empty. There are extra expenses that cone with outdoor dining(heat, tents, insurance). I think you are really kidding yourselves if you think it’s “business as usual”. I would think with housing prices being inflated locally(thanks to all the new yorkers moving in) that restaurants would be packed but they aren’t. Amazon, costco, walmart obviously doing well but I don’t see all the lagging businesses striving anytime soon. Bus companies are dead too. Go check out inventory ate the flemington car dealers...non existent. I guess in millenial land everything always goes up. I’m afraid alot of the newer generation will be very surprised when the first bear market hits. In all honesty I wish they would kill off the central bank and let businesses do what they do. Fail or succeed.
 
Dave Taylor said:
Weird. The opposite by me. I never have a wait line. We eat out a couple times per week but the restaurants are dead(maybe on e of every four tables filled. Chilis has ben mostly empty. There are extra expenses that cone with outdoor dining(heat, tents, insurance). I think you are really kidding yourselves if you think it’s “business as usual”. I would think with housing prices being inflated locally(thanks to all the new yorkers moving in) that restaurants would be packed but they aren’t. Amazon, costco, walmart obviously doing well but I don’t see all the lagging businesses striving anytime soon. Bus companies are dead too. Go check out inventory ate the flemington car dealers...non existent. I guess in millenial land everything always goes up. I’m afraid alot of the newer generation will be very surprised when the first bear market hits. In all honesty I wish they would kill off the central bank and let businesses do what they do. Fail or succeed.
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Our town has been really helping out restaurants. Providing grants to business to cover the costs of tents. They also closed one street so 5 restaurants could leave the tents in the street till this is over with. But, even with heat, I would think days with weather like today will hurt these guys.

Haven't looked for a new car. But used Caymans have gone up in price since the pandemic.
 
Bike N Gear said:
Our town has been really helping out restaurants. Providing grants to business to cover the costs of tents. They also closed one street so 5 restaurants could leave the tents in the street till this is over with. But, even with heat, I would think days with weather like today will hurt these guys.

Haven't looked for a new car. But used Caymans have gone up in price since the pandemic.
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Pretty sure the whole "Rich getting richer, poor getting poorer" stuff isn't untrue during this epidemic.

Seems like luxury goods are doing well. I see lots of people sitting outside of Roots eating steak. Mercedes dealership next to me is packed. Eateries mid-week in Chatham are packed.

Lots of white collar workers saving all that $$ on commuting costs...
 
Santapez said:
Pretty sure the whole "Rich getting richer, poor getting poorer" stuff isn't untrue during this epidemic.

Seems like luxury goods are doing well. I see lots of people sitting outside of Roots eating steak. Mercedes dealership next to me is packed. Eateries mid-week in Chatham are packed.

Lots of white collar workers saving all that $$ on commuting costs...
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three new jawns opening in Chatham
 
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