Dow futures collapsing

I think Universal is dealing with a natural demand shift of their own doing. They're currently building a fourth park, which is supposed to open in 2025. Economy aside, for someone planning a big family vacation to Orlando to hit the Universal parks, it makes a lot more sense to plan than trip for 2025 rather than go right now.

 

I remember some dude kept insisting “Dow 5000” for several years after Obama’s election, and would get giddy any time there was any sort of pullback or when some company had a round of layoffs.

I wonder what bridge that guy now lives under.

 

I asked him that. He said normally they have everything booked up through the year by now. He said it's not even close.

I also asked if they had started any major firings. He said not many layoffs yet but a lot of decreased hours.

 

haha man that is just crazy. I dont get how families are ok coming to Universal or Disney and paying all that money for just a week at parks.

But yes like anything with people feeling they have decreased disposable income, they will stop spending on leisure items first.

 

Considering how much their own prices rose, even if people had the same levels of disposable income, the parks and associated hotels are demanding a greater share of said disposable income.

I’m sure some of it is higher labor costs, and obviously in FL insurance is through the roof. But still, I doubt their expenses have risen to the same extent as their asking prices.

 

I'm actually retired and I don't care.
General trajectory has been mostly thru the roof over my investing lifetime. Yesterday and today are fun swings and maybe a time to move a little money but not a big deal.

 

Been busy with other things as we get ready to enjoy the end of the week with the kids before our oldest goes back to school Monday.

I very well might Sell BA Put options this afternoon I don’t mind owning BA under 170 for the long term. And they generally offer great yields on plays like this. Will probably look 2-3 weeks out and go from there…

It was under 165 but currently under 166…

 

Ill see if he is willing to discuss that with me.

I tend to agree with you. Ill let you know if we talk about it.

 

I’m mostly kidding - I’m investing pretty aggressively now because I’m so far away from retirement. I was poking some fun at people calling this a collapse. I mean, there could well be a collapse but they’re mysteriously quiet about it today as the market is up again today.

 

Literally, no one wants to see a collapse. Just people saying, hey, I told you this would cause problems.

Everyone is affected by a crash in some way. Trump shares in some of this with his spending in 2020 by the way.

Remember Bill Maher being ok with a crash as long as it meant Trump would lose? Now that is a jack ass.

https://thehill.com/blogs/in-the-kn...ts-for-recession-so-that-trump-loses-in-2020/

You have to love a rich lib actually saying it...

 

Good call.

 

lol.. just see the very first post in this thread. People like Okee are giddy about this.

 

Why would he be giddy? Im sure he is losing money like the rest of us.

Maybe he is just pointing out that bad policies have bad consequences.

 

Okee really doesn't care about losing money on paper in the short term if he believes that the net result would be the election of his Orange God. Like a number of other supporters of the defeated former president, he gloats every time there is even remotely negative economic news.

 

Same reason trump worked to kill the immigration bill. While a strong stock market and better border security are wins for the country, if it happens while biden has the watch, maga is against it.
Party over country.

 

But I'm sure Okee started a pro biden thread when the dow hit 40,000 for the first time ever.

 

Only losing $$ if he is really in the stock market. Only 60% of Americans are and many only slightly so.

 

Only 60%? My 401k has lost 14k since last week. Now I am 39, so many years from retirement, I am not worried about it. How many Americans do not have that luxury?

 

just curious, what will the bill have done? We already have laws that are not being enforced that would secure the border lol.