Is the stock market going to tank?

**SkiCougar** · 03-16-2020, 10:54 AM

Originally Posted by pepperdawg

Avoid Boeing tho.

Beyond the Max 737 fail....lots and lots of bad news bubbling up....

The one thing good for a usa company is boeing can take this time to fix the 737 max. quarratine engineers and test pilots and work on it until it is resolved.

if they are not doing this, they are idiots.

**mcsquared** · 03-16-2020, 11:03 AM

Originally Posted by SkiCougar

The one thing good for a usa company is boeing can take this time to fix the 737 max. quarratine engineers and test pilots and work on it until it is resolved.

if they are not doing this, they are idiots.

Dude, they are all "working from home" right now.

**Micol** · 03-16-2020, 11:16 AM

Originally Posted by mcsquared

Dude, they are all "working from home" right now.

the truly dedicated employees will have no problem still working on those problems from home....

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**Cono Este** · 03-16-2020, 11:19 AM

You have to wonder if anyone big has blown out? That would destroy the ceiling on implied vols, and probably what’s required for more.

Depends on how much risk was on. People are definitely putting it on now.

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**4matic** · 03-16-2020, 11:24 AM

Bond market is still shaken

**Cono Este** · 03-16-2020, 11:27 AM

I have not looked. But I imagine it’s the front months that are jacked the most. A time spread with the right hedge might work if this carry’s on.

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**Toadman** · 03-16-2020, 11:40 AM

Originally Posted by iceman

How many potatoes will a house cost?

Depends. Are the potatoes distilled?

http://chopinvodka.com/vodkas/

**4matic** · 03-16-2020, 11:40 AM

IWM has broken support decisively. $80.

**Ted Striker** · 03-16-2020, 11:49 AM

Originally Posted by 4matic

BA needs to hold here. Next stop $100.

Some bounce off the weekly low for indices.

Originally Posted by Meathelmet

BA, Norweigian and SAS will go under before May.

#Nostradamus(tasch)

And I can only imagine what it would take to Trump allow that.
It would be such a capitulation for him that he would rather destroy...well...umm...anything.

Originally Posted by LeeLau

BA is literally too big to fail. It's necessary for the fundamentals of US society and economy as a war - driven economy. I'd consider buying some at 70s

Was going to say what Lee said.

**Cono Este** · 03-16-2020, 11:53 AM

It pretty darn important where we close today.

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**Brock Landers** · 03-16-2020, 11:54 AM

Until something better than airplanes moves people great distances in a short amount of time, Boeing should be ok*

*if they can withstand a cash crunch right now but even absent govt assistance, with their revolver, etc they should have 2B in cash by year end. This factors in size able write downs and delays in deliveries this year.

**4matic** · 03-16-2020, 12:01 PM

Southwest been flying those old 737 for years. Why change now. Don’t need to upgrade.

**wooley12** · 03-16-2020, 12:06 PM

Remember Kodachrome?

**MultiVerse** · 03-16-2020, 12:10 PM

Originally Posted by wooley12

Remember Kodachrome?

Kodak was a great company that failed because it was disrupted first by digital cameras followed by a coup de grâce from phones. Boeing is not in the process of being disrupted by a new technology.

That's what the "Beam me up, Scotty" response was meant to convey.

**4matic** · 03-16-2020, 12:13 PM

Bonds are moving opposite to stocks now. That might be a good thing. Some liquidity in bonds

**wooley12** · 03-16-2020, 12:15 PM

Guess who was living in Roch and selling bags for digital cameraes to Kodak back then. And lives in Seattle now.

**Benny Profane** · 03-16-2020, 12:31 PM

Originally Posted by mcsquared

Dude, they are all "working from home" right now.

The execs are working from the Yellowstone Club.

**Benny Profane** · 03-16-2020, 12:33 PM

Originally Posted by MultiVerse

Kodak was a great company that failed because it was disrupted first by digital cameras followed by a coup de grâce from phones. Boeing is not in the process of being disrupted by a new technology.

That's what the "Beam me up, Scotty" response was meant to convey.

Digital camera technology that Kodak practically invented, btw.

**MultiVerse** · 03-16-2020, 12:40 PM

Yeah lots of people say why didn't company X just pivot but we're literally talking about transforming from one type of thing to another type of thing. From X to Y.

Digital cameras are semiconductors. Kodak was in the chemical processing business. In a sense Kodak did pivot, it is now Eastman Chemical with $10 billion in annual revenue and nearly 15,000 employees.

**wooley12** · 03-16-2020, 12:56 PM

When my first test order for 10000 bags sold out and I asked about a reorder I was told management didn't think bags were "sexy". I told the product manager that i felt buying at $2.35 and selling out at $24 retail sounded sexy to me. Digital upper management was in bunker mode. Film division ruled. 100 year old Corps seem to rot from the top in the age of the MBA leaders. IME

**Benny Profane** · 03-16-2020, 12:59 PM

Old white guys waiting for their pension.

**wooley12** · 03-16-2020, 01:12 PM

The best minds leave early. Donothingds remain. B&L, Xerox, same story. My next door neighbor literally turned off the lights in one of the most profitable divisions (World Wide Parts Supply) and got an extra $100k for sticking around when he passed Go on his way out the door. Good for him.

**Benny Profane** · 03-16-2020, 01:45 PM

Don’t Feel Sorry for the Airlines https://nyti.ms/2QkNj3N

And Trump just said they have full support.

**Mazderati** · 03-16-2020, 01:46 PM

^ DAL up over $1.20 just from that line. Now almost $2.00.

**The AD** · 03-16-2020, 01:47 PM

Originally Posted by LeeLau

BA is literally too big to fail. It's necessary for the fundamentals of US society and economy as a war - driven economy. I'd consider buying some at 70s

I just realized that Meathelmet may have meant British Airways by BA, not Boeing. Hard for me to imagine either going under, but these are strange times.