Unemployment DECREASED by 2.5 million!

[kork13]

And today the seesaw rocks the other way with the Dow up over 600 points right now. AAL is up over $2.50.

Volatility is the norm in this market. You can't get hung up on the performance one day or the next. Just hang on and try to enjoy the ride and look ahead 5 years.

^^ 110% --- Look long, and ignore the noise. Dow jumped up ~700 points, and is now rapidly sliding back down. Volatility reigns, but you only get hurt if you jump off the ride.

ETA: I just noticed that my weekly Roth IRA purchase went through yesterday, so we got a bit of a discount on those shares -- hooray! This crazy volatility is exactly why I moved from twice-monthly Roth IRA investments to weekly investments... Ride the rollercoaster, and just keep adding money to take advantage of the brief ups & downs. Of course, our Roth IRAs are almost maxed out for the year, since we also accelerated our contributions to catch some of the down market -- which worked out generally well I think. The long-term view is much rosier than the short-term.

[disneysteve]

And today the seesaw rocks the other way with the Dow up over 600 points right now. AAL is up over $2.50.

Volatility is the norm in this market. You can't get hung up on the performance one day or the next. Just hang on and try to enjoy the ride and look ahead 5 years.

[LivingAlmostLarge]

How can people be so blind to what's going on? The shut downs didn't start until mid-March, and even later in some places. Q1 was just about over. It's Q2 that will be most impacted by the COVID situation. Those numbers are going to be among the worst we have ever seen. The whole country was pretty much closed for the entire quarter. Q3 should be better as things are now reopening and Q4 even better.

I wouldn't be so sure about it. I feel like q3 and q4 will be "okay" but i suspect it's going to be a lot lower than people think because people are really losing jobs. Not just coronavirus jobs but the market is long in tooth and companies are still doing buybacks? And there are serious layoffs of "white" collar jobs that aren't coming back.

[Singuy]

How can people be so blind to what's going on? The shut downs didn't start until mid-March, and even later in some places. Q1 was just about over. It's Q2 that will be most impacted by the COVID situation. Those numbers are going to be among the worst we have ever seen. The whole country was pretty much closed for the entire quarter. Q3 should be better as things are now reopening and Q4 even better.

That was a pump and dump, making money on the back of retail investors who are all about FOMOing. I was convinced the crazy run up after the job report was too good to be true because it made absolutely didn't make sense. I was more bullish on travel/entertainment in the beginning of all this because of China and South Korea's social distancing measures dramatically decreased new case numbers so much that it was near eradication. The U.S of course made all this political so half the voting population think you are a crazy anti - Trump libtard if you wore a mask. That and in conjunction of our numbers not doing any better after the initial lock down month, I've dumped all my CCL and 90% of my Disney stock in favor of digital ecommerce.

Telling you typical investors doesn't know what they are doing and the average return is 2%.

[disneysteve]

Nope I don't think so. A lot of people thought Q1 was good but not realizing it barely counted the shut down. I think that people glossed over how bad the shutdown is and how bad the recovery will be. Everyone thinks it'll be quick I think it'll be slow.

How can people be so blind to what's going on? The shut downs didn't start until mid-March, and even later in some places. Q1 was just about over. It's Q2 that will be most impacted by the COVID situation. Those numbers are going to be among the worst we have ever seen. The whole country was pretty much closed for the entire quarter. Q3 should be better as things are now reopening and Q4 even better.

[QuarterMillionMan]

Brutal QMM - If that were my portfolio, I'd be home eating some comfort food.

I made some stuffing and gravy to go with some roasted chicken.

[LivingAlmostLarge]

Do you not think Q2 performance is already factored in? Surely there isn't anybody out there who thinks those numbers will be anything other than awful. I think the real issue will be if Q3 doesn't show a decent improvement.

Nope I don't think so. A lot of people thought Q1 was good but not realizing it barely counted the shut down. I think that people glossed over how bad the shutdown is and how bad the recovery will be. Everyone thinks it'll be quick I think it'll be slow.

[disneysteve]

sit tight I think it'll pass shortly. I think we won't have a real dip until end of July when Q2 earning reports come in. Then it'll be brutal.

Do you not think Q2 performance is already factored in? Surely there isn't anybody out there who thinks those numbers will be anything other than awful. I think the real issue will be if Q3 doesn't show a decent improvement.

[LivingAlmostLarge]

sit tight I think it'll pass shortly. I think we won't have a real dip until end of July when Q2 earning reports come in. Then it'll be brutal.

[disneysteve]

Licking my wounds.

Nah. With the market as volatile as it has been in recent months, what happens on any given day is irrelevant. It can be down 20% one day and up 20% the next. If you bought this as a day trader, sure, that's a problem, but if you bought it to hang onto for a while, just sit back and relax and don't even check on it daily.

[james.hendrickson]

Licking my wounds.

Brutal QMM - If that were my portfolio, I'd be home eating some comfort food.

[QuarterMillionMan]

Licking my wounds.

[disneysteve]

Brutal day today.

As I said, perhaps people are finally starting to understand that it doesn't matter if the president or governor or mayor decides to reopen things, the virus is going to keep doing its thing regardless. People can protest at the state house or governor's mansion all they want demanding reopening but that doesn't make it safe. The more things reopen, the more people start moving about again, the more people start letting down their guard, not wearing a mask, not social distancing, the more new cases of COVID we're going to see.

Also, just because things reopen doesn't mean business is going to magically return because there are plenty of people who already understand this and are going to remain on quarantine as long as it takes for a vaccine and effective treatments to be developed.

This isn't a political issue; it's a scientific issue. But still a large segment of the population thinks it's a political issue.

[QuarterMillionMan]

Brutal day today.

[james.hendrickson]

QMM,

They're going to get hammered. Here is the latest from their 8-k.

As a result of the COVID-19 pandemic, we expect our revenue for the second quarter ended June 30, 2020 to be reduced by 90% compared to our revenue for the second quarter ended June 30, 2019, with systemwide capacity down 85%, compared to the June 2019 quarter. On a consolidated basis, we expect to reduce our average daily cash outflow to approximately $40 million by June 30, 2020, down from approximately $100 million per day as of March 31, 2020. We expect this reduction to be primarily driven by a greater than 50% reduction in our operating expenses for the June 2020 quarter, as compared to the June 2019 quarter, as well as recent improvement in net sales and stabilization in refund requests. We are seeking to reduce our average daily cash outflow to zero by December 31, 2020. We believe this improvement in average daily cash outflow would result from modest continued demand recovery, particularly with domestic leisure travel beginning to return as states lift shelter-in-place orders, and additional cost-cutting initiatives. We expect the recovery in international demand to lag domestic demand. We have added 100 additional domestic flights in June and plan to continue to rebuild our schedule in the September 2020 quarter as demand returns.

Here is the link to their full 8-k from the SEC.