Article

2020-05-04 Economy

Dow Jones falls 152 pts over fears as tensions grow between US and China over CV responsibility

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Posted by Besoeker 2020-05-04 04:25|| || Front Page|| [8 views ] Top

#1 Also news over the weekend that Berkshire Hathaway lost $50 billion and dumped airline stocks. Airline stocks are down in pre-market.

Posted by Clem 2020-05-04 07:14|| 2020-05-04 07:14|| Front Page Top

#2 147 is noise

Posted by KBK 2020-05-04 08:33|| 2020-05-04 08:33|| Front Page Top

#3 Considering that Buffett shot the airline industry in the head over the weekend, I'm surprised the averages aren't down more.

If the idea is that when you buy a company's stock you're buying its future earnings, the shutdown's kind of problematic. Right now there are some good companies that effectively have a P/E ratio of infinity.

(Or, if you use Obama's definition of P/E -- the "profits to earnings" ratio-- they all have a P/E of 1, and always will.)

Posted by Matt 2020-05-04 11:15|| 2020-05-04 11:15|| Front Page Top

23:47 Clem
23:45 Bobby
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