another agippian theory that you boys will have fun shooting down:
In my office everyone is doing very very extensive hand washing. This is new. Men are not particularly dedicated handwashers. I don't know about women.
So my theory is that the CV crisis, due to all this extra handwashing, will actually serve to create a net *saving* of life rather than a net loss of life. Because other diseases will not be passed on and therefore will not do their killing thing.
Feel free to @ me.
Maserati wrote:
Am always searching for flights, there are no deals as of yet. None. No car rental deals, either.
I have a fully prepaid and non refundable vacation scheduled for two weeks from now. To a poor nation. Am I going? I have no idea. really. No idea.
Caribbean? Healthy?
Insurers all itching to have force majeure clauses triggered.
Maserati wrote:
Am always searching for flights, there are no deals as of yet. None. No car rental deals, either.
United Airlines 2;56 PM: “all new hiring suspended,” “schedules across the U.S. reduced 10% in April,” “will reduce international by 20% in April”
Of course Coronavirus did not influence investor behavior (UAL down -34% YTD).
?
A good example of why not to knee-jerk to headlines.
So what? How many were they planning to hire? How many did hey need? What is the net effect? Seasonal or ft? Positions? Geographic location? Cost structure?
What have their fuel costs been lately? How are their partners doing? What are their one-time charges? What is their Max exposure? Were the canceled lines profitable, or just used to fulfill obligations?
Etc.
Igy without details it means nothing.
Dudes - I said last week to quit the hysteria. The common flu kills 600,000 people each year and you are panicking with 1000 people dying from this. The Dow up 1300 2 days ago and again todya was up about800 . The markets WILL COME BACK and in short time. Quit panicking.
Ah, nothing to do with the Max, and jet fuel is way down. If you and the troll think it is something other than demand, OK.
Maserati wrote:
A good example of why not to knee-jerk to headlines.
So what? How many were they planning to hire? How many did hey need? What is the net effect? Seasonal or ft? Positions? Geographic location? Cost structure?
What have their fuel costs been lately? How are their partners doing? What are their one-time charges? What is their Max exposure? Were the canceled lines profitable, or just used to fulfill obligations?
Etc.
Igy without details it means nothing.
ALERTS HISTORY
UNITED AIRLINES - DUE TO DECLINE IN DEMAND FLOWING FROM IMPACT OF COVID-19, CO TAKING ADDITIONAL STEPS TO REDUCE INTERNATIONAL & DOMESTIC SCHEDULES - Reuters - 2:55 PM (UTC-05:00) Eastern Time (US & Canada) Mar 04, 2020
UNITED AIRLINES - WILL REDUCE INTERNATIONAL SCHEDULE BY 20% IN APRIL - Reuters - 2:56 PM (UTC-05:00) Eastern Time (US & Canada) Mar 04, 2020
UNITED AIRLINES HOLDINGS - SCHEDULES ACROSS THE U.S. AND CANADA WILL BE REDUCED BY 10% IN APRIL - Reuters - 2:56 PM (UTC-05:00) Eastern Time (US & Canada) Mar 04, 2020
Ghost of Igloi wrote:
Ah, nothing to do with the Max, and jet fuel is way down. If you and the troll think it is something other than demand, OK.
That’s it? That’s nothing. And lower fuel costs add to the bottom line, they are even lower than their locked-in contracts.
Try again.
Dow now up 1055 on the day, and my buy is well in the green, doing better than the Dow.
You can join the party anytime, Igy. I think you’re just inflexible.
“Value investing is dead”
Like I said, finally, people are realizing that “intrinsic value”, isn’t.
This was the Super Tuesday bump, the Q is now what happens in the coming 2 months...Elections will be key, to blunt/eclipse virus news.
You selling some bonds Igy?
Maserati,
Reduced some for a couple of clients. Actually believe 10 year yield goes lower/prices higher, and of course equities much lower.
Igy
Whatever. Like I said it is a one-time observation. Big deal. I could post you 20 hugely contrary photos right now.
I have been through ORD hundreds of times, at all times, and have seen it full, and empty.
What is wih the shot of the closed United counter?
You can’t be serious. Tell me you don’t rely on things like that.
OK, fine. Not important to me.
Airline CEO’s at the WH. Their backs are covered.
No I haven’t bought them, but then again I never do.
I flew through Brussels and Montreal on the weekend. Air traffic was a little below normal in both airlines. There was space in both lounges, which was nice. Past 2-3 weeks it had been much busier.
You'd better believe traffic is more directly affected in places where the virus has already blossomed. Someone close to me who controls the movements of a lot of people in Europe has clamped down on travel in and out of affected areas (which are growing and multiplying), in line with a broader institutional trend, which is slow to catch on (so far) in North America within the same organization.
My own company has told all employees to continue travel as normal, which is one of the rare short-sighted moves I've seen from management in the 11 years I've been with this outfit.
You'll see Sally...