Member Info for JohnLewis79

Covid-19
Total cases 276,698
China 81,008 +4
Total deaths 11,419
China 3,256 +7

Death rate 4.12%

Recovered 91,954
Rate 33.35%

Selected

Italy 47,021 (deaths 4032)
Spain 21,571 (1093)
US 19,774 +391 (275 +19)
SK 8799 +147 (102 +8)
UK 3983 (177)
MAL 1183 +153 (4)
Indonesia 369 (32)

Summary
Total cases 276,698
New cases 1,141
Total deaths 11,419
New deaths 39.

NYSE stock indices closed on average 4.5% lower on Friday (see below) to end a miserable week for investors. The falls mirror the worst declines of the 2008 financial crisis, as the DJI slumped 17% this week.
The impact from the virus never fully appreciated till now has seen analysts burning the mid'night oil trying to estimate the damage to the economy. Most are factoring in a 30% drop in GDP as America hangs out the 'Closed for Business' signs ordering all non 'essentials' to close. US markets have fallen 4/5 last weeks and its odds on the Dow will have its worst one month decline since 1931! Donald lived by the Dow he's now dying by the Dow.

Sentiment is ghastly as a slew of businesses report the havoc covid-19 has wrecked to their operations. Delta Airlines est a $10bn loss in Q2, Boeing is on the brink, it has cut the dividend and seeks a$60bn bailout from the Fed supported by Trumpty. United will start to lay off workers and Coca Cola sales have slumped due to leisure businesses closing and people are forced to remain in doors. Unemployment claims surged by as much as 2m as workers are laid off in their thousands.

Congress is working on a $1trn relief bill expected to include $1000 for each worker earning below a certain amount. Current data on the virus in America 19778 cases (+395) and deaths rose 19 to 275.
Depressing indeed but tough love now will pay dividends in the US and here....please God soon.
DJ -913 (19174)
SP -104 (2305)
NS -271 (6880)
R2 -45 (1014)
I'm having withdrawal symptoms now a Sat afternoon with no pub or sport is ghastly. Good luck all....

NYSE stock indices closed on average 4.5% lower on Friday (see below) to end a miserable week for investors. The falls mirror the worst declines of the 2008 financial crisis, as the DJI slumped 17% this week.
The impact from the virus never fully appreciated till now has seen analysts burning the mid'night oil trying to estimate the damage to the economy. Most are factoring in a 30% drop in GDP as America hangs out the 'Closed for Business' signs ordering all non 'essentials' to close. US markets have fallen 4/5 last weeks and its odds on the Dow will have its worst one month decline since 1931! Donald lived by the Dow he's now dying by the Dow.

Sentiment is ghastly as a slew of businesses report the havoc covid-19 has wrecked to their operations. Delta Airlines est a $10bn loss in Q2, Boeing is on the brink, it has cut the dividend and seeks a $60bn bailout from the Fed supported by Trumpty. United will start to lay off workers and Coca Cola sales have slumped due to leisure businesses closing and people are forced to remain in doors. Unemployment claims surged by as much as 2m as workers are laid off in their thousands.

Congress is working on a $1trn relief bill expected to include $1000 for each worker earning below a certain amount. Current data on the virus in America 19778 cases (+395) and deaths rose 19 to 275.
Depressing indeed but tough love now will pay dividends in the US and here....please God soon.
DJ -913 (19174)
SP -104 (2305)
NS -271 (6880)
R2 -45 (1014)

I'm having withdrawal symptoms now a Sat afternoon with no pub or sport is ghastly. Good luck all....

A good week for cpo which closed up $46 at $665 and at wk 12 averages $703.84 for the year.
With the virus news ramping up and mrkts falling out of bed, ftse off 204 (4%) and the UK centric 250 down 2726 (18%), REA tumbled 20p on a higher than usual unreliable vol of 63,392 trades. Ytd REA has slumped 48% the worst of the big 3.
The Malaysian Plantation Index gained 91 on the wk following a 7% bounce today but is down 23% ytd versus cpo down 17% ytd.

Nobody is saying let alone thinking that cpo prices are on the mend but the omens from China look a lot more promising than 3 months ago and will in time translate into higher prices. The current worry is the spread of covid-19 getting into Indonesian plantation population. That would be catastrophic for the Industry. Currently a total of 369 +60 cases and 32 +7 deaths have been reported but may be many hundreds or thousands behind the curve. Only time will tell.

had to happen pubs clubs etc are to close from tonight. Had to come given Europe is in total leisure lockdown.

Had to fold on War & Peace too dense for me.

Following SPIRAL I have them all sorted out, will be the Italian Gomorrah, The Shield, Dexter and Six Feet Under which I will be by then!

Wrong board....wtf!

Are we facing the day when oil companies pay us to take oil off their hands? As supply far outweighs demand where will all the excess oil go when storage capacity is full and more expensive & Tankers are chocka-block? Will the oil price be at zero? Who will drill for oil at $zero? Shale will be dead and economies trashed. The plan to corner mrkt share by SA has backfired massively. How long can they hold out using up their foreign reserves to prop up the Kingdoms economy?

That is a doomsday scenario but so was the Dow tanking 32% in less than 4 weeks. Even the Sage of Omaha didnt see that coming though his mate Bill Gates plotted a virus scenario that foresaw exactly what is happening now, a year or so ago.
As with everything at present it's all virus, virus and virus. What will happen if the US cannot control the spread and deaths spiral to 10,000 or more? What price anything then? It's a long shot I know perhaps 10s but as my father always said it might be 10 to 1 but never forget the 1.

And of course you will rightly ignore anything I have to say, as I do with those masters of unreality Motley crooks.., oops sorry, Crew.
Today I have been posting and re-starting the French Box Set detective series 'SPIRAL' A top reccomend!

The military are to be put on standby. Good put them outside supermarkets to control the rabid crowds stock piling trolley loads of food. My shopper went to SBRY(Local) at 10.00 am it was completely bare of goods, TESCO the same and ICE was rammed full of crazy idiots facing their last meal. They were overwhelmed people were just grabbing things and walking straight out! She didnt bother and I don't blame her.

I will have to try my luck tomorrow though I can last out till Monday. As everybody is staying at home the food stores are full of people who would usually be at work making it very difficult for pensioners and morning shoppers to get food. No use in waiting till the afternoon as there will be nothing left.
"Let's all pull together" did I hear Boris say? You are joking. Its everyman for himself, no "after you madam here". No quarter given in the battle of supermarket shoppers. A fine tradition of the British people trashed by ignorant, greedy and selfish creatures!
This virus has exposed the worst of a minority of British people... it has to be said.

I think lse should do us all a favour and not bother with trades etc, as they are hardly ever correct and tbh meaningless in such a thinly traded stock.
I do wonder whether they even have the correct sp which I have to check with my broker.

£59.50 on 1000 shares.

Self explanatory...

Bright start this morning +260 on back of a swift late turnaround in the Far East, HK up 5%, SH up 2% & SK gaining 7%.

Covid-19 updates pouring in on an daily basis to mrkt participants. Quite proper imo.
Here we are having to wait another month for the F/Y results which to be fair will not be impacted by the virus. So in a way the longer we wait the outlook will be clearer as to any damage due to covid-19.

Depressing but realistic assessment of M&S operational outlook through to year end. No dividend will be paid to holders saving c.£130m.
Witherspoons have also cancelled their dividend. Hundreds of companies will be doing likewise. In this climate shareholders should insist on it.
REAs pref dividend looks unlikely to be paid given issues in Asia.

Announced Witherspoons will not be paying a dividend....a deluge of companies will do likewise. It makes sense that the G board must have had some assurance as to resumption of payments, I guess it's a question of who do you believe?

Depressing but realistic assessment of M&S operational outlook through to year end. No dividend will be paid to holders saving c.£130m.

As you students of mrkts know the '29 crash in America blew the 'Roaring Twenties' bubble to smithereens. The Dow eventually bottomed out some 90% down.
We are a long way off that atm the DJI some 32% down from recent high of 29569. The Dow has fallen in parallel but at a faster rate to the index than in '29 to the 30% down stage. In 29 it went on falling. Let's hope we dont.
Until we defeat the virus noone knows if 20,000 is the bottom. If the virus is still rampant in Q4 I suspect the bottom might be of the order of 50%+ lower taking the DJI to sub 15,000 and back to Sept 2013 values. A fall to sub 10000 (66%) would see us at 2009 values. Everything depends on how Govts deal with the crisis monetarilly, fiscally and with the co-operation of citizens.
China has led the way, best we follow their example.

Jim800 made some excellent points on the dilemma facing G board over 'cheques ain't in the post.'
They seem quietly confident that G will be paid the 2 missing payments but a cynic might say " they'd say that anyway" hoping the KRG cough up and keep investors quiet.
Unfortunately Arab countries have a different perspective on financial agreements than the West does. We tend to stick to our commitments the KRG drop them whenever the rulers are short the latest Ferrari or Lambo.
I guess it's the price of doing business in the ME.
G imo has nowhere to go
they are up s**t without a paddle. I hope they wont regret paying that 8p dividend in a few months time. In the meantime its hunker down in the Alamo, conserve every nut, bolt and screw until we defeat the virus.
Morning all.