The stock market

[movetheboat]

IMF Says Great Lockdown Recession Likely Worst Since Depression
By
Eric Martin
April 14, 2020, 8:30 AM EDT
Bloomberg - Are you a robot?

 

[CELLFISH]

Goldman Sachs says $$$ market has hit bottom, Cha Ching... cellie...

.

 

[movetheboat]

I guarantee you Goldman SUCHS is selling into this rally

 

[CELLFISH]

so VOLTAR speaks, +15% more to go... cellie...

.

 

[dsedy]

I guarantee you Goldman SUCHS is selling into this rally

Never trust the Giant Squid GS!

 

[wader]

HOLY SHIT!!!!!!!!

Estee Lauder borrows full $1.5 billion under revolving credit facility, suspends dividend

Estee Lauder Cos. undefined said Wednesday that it has taken a number of measures in light of the coronavirus pandemic, including borrowing the full $1.5...

www.marketwatch.com

Estee Lauder Cos. EL, -3.03% said Wednesday that it has taken a number of measures in light of the coronavirus pandemic, including borrowing the full $1.5 billion available under its revolving credit facility. The beauty company has also suspended its dividend, issued $700 million in 2.6% senior unsecured notes that mature in 2030 and furloughed employees. From May 1 through October 30, Executive Chairman William Lauder and Chief Executive Fabrizio Freda will have their salaries halved, the executive leadership team will cut their salaries by 30% and other members of management will cut their salaries by 10% to 20%. Leonard Lauder, chairman emeritus, and Ronald Lauder, chairman of Clinique Laboratories, LLC, will have their pay cut nearly entirely. And the board will forego compensation until November. Estee Lauder says stores across Asia are reopening though those in other parts of the world and travel retail outlets remain closed or curtailed. And Estee Lauder has taken philanthropic steps, including a donation of two million surgical masks to frontline workers. Estee Lauder stock was down 1.2% in premarket trading and down 1.3% over the past year. The S&P 500 index SPX, -2.68% has slipped 2.1% over the last 12 months.

 

[CELLFISH]

 

[wader]

HOLY SHIT!!!!!!!!

Estee Lauder borrows full $1.5 billion under revolving credit facility, suspends dividend

Estee Lauder Cos. undefined said Wednesday that it has taken a number of measures in light of the coronavirus pandemic, including borrowing the full $1.5...

www.marketwatch.com

Estee Lauder Cos. EL, -3.03% said Wednesday that it has taken a number of measures in light of the coronavirus pandemic, including borrowing the full $1.5 billion available under its revolving credit facility. The beauty company has also suspended its dividend, issued $700 million in 2.6% senior unsecured notes that mature in 2030 and furloughed employees. From May 1 through October 30, Executive Chairman William Lauder and Chief Executive Fabrizio Freda will have their salaries halved, the executive leadership team will cut their salaries by 30% and other members of management will cut their salaries by 10% to 20%. Leonard Lauder, chairman emeritus, and Ronald Lauder, chairman of Clinique Laboratories, LLC, will have their pay cut nearly entirely. And the board will forego compensation until November. Estee Lauder says stores across Asia are reopening though those in other parts of the world and travel retail outlets remain closed or curtailed. And Estee Lauder has taken philanthropic steps, including a donation of two million surgical masks to frontline workers. Estee Lauder stock was down 1.2% in premarket trading and down 1.3% over the past year. The S&P 500 index SPX, -2.68% has slipped 2.1% over the last 12 months.

in 2008 EL just froze wages for a year - no layoffs or furloughs - this is seriously hurting them to do this

 

[Dx life Rx fishing]

I'm thinking that when this is over the market is going over 30K real quickly. I'm hoping national pride will accelerate things like improving infrastructure strengthening our economy as a whole and basically kicking ass and taking numbers.

It is just rough right now for those recently retired or real close. I think others will be just fine.

 

[Capt13]

There is nothing like a good crisis to make money in the stock market ........

 

[movetheboat]

cha-ching!!!! Happy days are here again!!!!!

 

[movetheboat]

It is just rough right now for those recently retired or real close. I think others will be just fine.

they should have already have made their money and have at most 25% exposure to stocks. My retirement acct at the worst was still UP 3% for the year. We had a good fire sale...but the sale is over and the market is overvalued again.....I'm off today and will be unwinding my recent positions and sit back and watch.

 

[movetheboat]

Oil today is not verifying this return to normal...WTI is down another 7% to 18.31 a barrel (WOW)

They have no where left to store it and are still pumping

 

[Roccus7]

Oil today is not verifying this return to normal...WTI is down another 7% to 18.31 a barrel (WOW)

They have no where left to store it and are still pumping

Holy Crap!! When's the last time we've seen less than $20 per barrel oil?

 

[CELLFISH]

Bloomberg news Guest, the lows will be tested again... cellie...

 

[JoeBfishing]

Imma buying up pork bellies... for when then open up breakfast joints again .39 per pound!!! BACON!!!

 

[cany]

Imma buying up pork bellies... for when then open up breakfast joints again .39 per pound!!! BACON!!!

 

[movetheboat]

Oil total collapse!! spot market MAY 12.45 BARREL.....1999 PRICES

 

[movetheboat]

DOW futures down over 400 points

 

[movetheboat]

The May contact for wti crude just went negative...they pay YOU to take it!!! This is a commodities market and works on monthly contracts...june is at 21.15 a barrel....I'm not explaining this...too complicated