Anyone else in on NET? Looks like their CFO sold $348,150 of stock yesterday driving the price down almost 5% AH.

When I get up at 5am for my morning pee, I always check the futures!

12thMan86 said:

---

When I get up at 5am for my morning pee, I always check the futures!

---

As if you're alone.

Thoughts on ABT? Big news yesterday with their antibody testing

McInnis 03 said:

---

12thMan86 said:

---

When I get up at 5am for my morning pee, I always check the futures!

---

As if you're alone.

---

LOL I know i'm not the lone ranger in that regard ! Go get em today!

Jobless report in a few minutes...wonder if the bazooka has a round in the chamber to offset today's bad news? They did have a statement earlier that they will continue to do everything they can to support the economy.

5.2M vs 5.0M Est it looks like.

Futures like it!

Aggie09Derek said:

---

3 month old here so I usually check futures at 4am when he wakes up. Today he slept through the entire night.

---

Oh, don't worry you got a few months of that, but he will start that waking up again at 3-4 am just wait

Every knee shall bow and every tongue shall confess

How in the he'll do the futures like those numbers. Worse than expected. 10 yrs of job gains gone in a month.

No idea who this is, but we'll go ahead and count this as our official source.

$30,000 Millionaire said:

---

Guessing we have between 5 and 6M claims. If my math is right, that's 22-23M. I just saw that bestbuy is going to furlough 50K workers and JCP / Neiman Marcus are on the verge of chapter 11. JCP skipped an interest payment.

---

JCP was circling the drain in the greatest economy ever....amazing they have made it this long.

Green is the new red

AgCPA95 said:

---

$30,000 Millionaire said:

---

Guessing we have between 5 and 6M claims. If my math is right, that's 22-23M. I just saw that bestbuy is going to furlough 50K workers and JCP / Neiman Marcus are on the verge of chapter 11. JCP skipped an interest payment.

---

JCP was circling the drain in the greatest economy ever....amazing they have made it this long.

---

And best buy's target price just got upgraded. Makes total sense!

A ridiculous amount of these job #'s are for people who will be employed within 2 weeks once everything is back up and going

Retail and service workers account for a ton of this.

More likely is they've pulled all of the yield FI markets and pushed money into equities. They don't have to buy directly if they can make equity the only vehicle that can generate any returns.

The other side of the coin is that many claims have yet to be processed due to lack of gov bandwidth. Many think actuals are much higher. Some even predict an unemployment rate of 25% in future. But I'm not sure that is true, if it was true, we would already be setting new highs in this market!

gig em 02 said:

---

Aggie09Derek said:

---

A ridiculous amount of these job #'s are for people who will be employed within 2 weeks once everything is back up and going

Retail and service workers account for a ton of this.

---

Retail ain't recovering in 2 weeks. No one is going to hurry up to kohl's or jcp to try on clothes.

You think restaurants are going back to full staff after almost having to completely shut down?

---

Well this is finally about to push jcp into ch 11, so definitely not them.

Aggie09Derek said:

---

All 19m...no. But 12 of the 19? Yeah I do...maybe not day 1 but a month down the road from when things are back to "normal".

---

Not happening. The fundamentals absolutely do not support that line of thinking. I wish you were right.

jj9000 said:

---

Guys, I don't care how you spin it.

We've got ~19M workers not working. Not generating income. Not using that income to buy goods/services. Domino effect going on.

If you think all ~19M will go back to the same job, making the same money, at the flip of a switch, you're dead @ss wrong.

---

Yes, but have you seen congress' latest proposal? "Emergency Money to the People Act" where your family can get paid up to $5500 a month if you've lost your job, in perpetuity until "the market resumes levels prior to the COVID-19 Pandemic".

*DO NOT SEGWAY THIS TO POLITICAL*

But if something like this were to pass the ramification to business would be minimal because people would have TONS of spending cash. That being said, I don't think there's a chance in hell this happens.

jj9000 said:

---

Guys, I don't care how you spin it.

We've got ~19M workers not working. Not generating income. Not using that income to buy goods/services. Domino effect going on.

If you think all ~19M will go back to the same job, making the same money, at the flip of a switch, you're dead @ss wrong.

---

Ok boomer

All I know, is I stimulated the economy and bought the old lady a benz the other day. I did my part....

It was used though