Gregmal

Why not just quietly accumulate GOOG and MSFT?

FIZZ you motherfucker. Tomorrow we'll rebound and you'll be -5%....Such is life.

https://www.yahoo.com/news/dont-panic-says-us-woman-recovered-coronavirus-055155667.html Was I a bit early maybe? This was about a week ago. We will see. Ill be sure to check back and quote this when we get a similar narrative above in the media. 8) For an uneducated opinion, this is reasonable. But how do you reconcile with what is happening in Italy? And given how quickly things went out of control in Italy, why don't you think the same thing will happen in the US? So on the other side, what is the outcome if we arent like Italy? Putting some more of this into perspective, in late 2018, the market suddenly fell 20%, for NO REASON whatsoever. Sure everyone has their hind site reasons why, but there was absolutely nothing that changed to warrant that one. Here you have this big scary boogie man plague, the likes of which we've supposedly never seen before, and every financial guy with or without a spread sheet saying "I dont know" and getting quoted, sometimes in context, but a lot of times out of context, as "this is the end". I mean the only thing thats really changed this week, is that basically everything is shutting down even though numbers are significantly lower than where other countries were when they decided to do so. Theres a lot of political narrative driving this. not to condone the job Trump has done. I dont think he's done or even responsible for anything, so grandstanding and trying to take all the credit is preposterous. But how hasn't the approach, especially by local guys I'd normally call hack jobs, such as in SF, WA, and NYC, anything short of commendable? In speaking with friends in NYC/SF/Sea it seems like cities are mostly shut down. HOwever, if you look at pretty much any other city, it's as if nothing is happening. I suspect I'll be told to work from home a week from now, but everyone's in the office, and traffic was just as bad today as any other day. Net of it, I don't think most people are as educated nor have most of middle america gotten the message... Eh its hard to tell. I live in suburbia, not too far from rural, manly man, big beard, F250, blue jeans and timberland boots towns. Theres sanitizers at every store and even those guys are making a concerted effort to be hygienic. Hopefully all folks are. Given where things, market wise have escalated, I just cant see how the current reality correlates unless things severely accelerate, which of course is always a possibility. To me, the current numbers, context, and things mentioned by folks like orthopa kind of seem to indicate this is further along than everyone realizes, and a lot less severe. Even the big case in NJ about the "perfectly healthy 32 year of physical assistant" having "severe" problems? Oh, yea, its just came out he was a chronic vaper... I've taken off all my hedges.

https://www.yahoo.com/news/dont-panic-says-us-woman-recovered-coronavirus-055155667.html Was I a bit early maybe? This was about a week ago. We will see. Ill be sure to check back and quote this when we get a similar narrative above in the media. 8) For an uneducated opinion, this is reasonable. But how do you reconcile with what is happening in Italy? And given how quickly things went out of control in Italy, why don't you think the same thing will happen in the US? So on the other side, what is the outcome if we arent like Italy? Putting some more of this into perspective, in late 2018, the market suddenly fell 20%, for NO REASON whatsoever. Sure everyone has their hind site reasons why, but there was absolutely nothing that changed to warrant that one. Here you have this big scary boogie man plague, the likes of which we've supposedly never seen before, and every financial guy with or without a spread sheet saying "I dont know" and getting quoted, sometimes in context, but a lot of times out of context, as "this is the end". I mean the only thing thats really changed this week, is that basically everything is shutting down even though numbers are significantly lower than where other countries were when they decided to do so. Theres a lot of political narrative driving this. not to condone the job Trump has done. I dont think he's done or even responsible for anything, so grandstanding and trying to take all the credit is preposterous. But how hasn't the approach, especially by local guys I'd normally call hack jobs, such as in SF, WA, and NYC, anything short of commendable?

small adds to DD, MSG and reasonable size add the BRK. Use that cash Warren

Got an email from Spirit Airlines today. It said: "Never a better time to fly" Reminded me of one of those old "wanna get away" commercials. Fun times.

https://www.yahoo.com/news/dont-panic-says-us-woman-recovered-coronavirus-055155667.html Interesting story seems to vibe with some of the things orthopa mentioned earlier.

I feel like we could make a movie about quarantining Tom Hanks on an island....

I tend to agree and am at least marginally more optimistic this seems to have gone from 0-60 in like a few days. While there is a degree of self mutilization that comes from scaring the bejesus out of everybody, it should also now, stem the spread. EVERYTHING in NY is closed. I think local governments have done a reasonable job jumping in front of this here. To expect anything from Trump other than pushing for stimulus and rate cuts, is stupid. He doesnt have a clue and will likely only be there to try to take credit. But anyone saying people arent taking this seriously just isn't paying attention. Every place I go has attendants with spray bottles and wipes. I've gotten emails from 7/8 banks I use outlining their responses. Almost all offices are closed and people are being told to work from home. So on one end, the fear mongering and hysteria can be short term damaging, on the other end, it forces the pain to the forefront, but will likely result in a quicker resolution.

The 12 month low is just a figment of where you choose to start. At tomorrows open, we'll basically be trading at around where we were in Q4 2017.

At least now we have some high profile celebrity endorsements! If nothing else, public people having it will shed a lot more light on the degree of this thing.

So the big question is, does Tom Hanks get let back into the US?

Jesus NBA season cancelled. Insanity.

That would be $38. We are pretty close. but then, we also have VNO at 50% of NAV. Choices, choices. Maybe I'm overthinking it, or perhaps biased in the first place, but Im paranoid that forcing everyone to work from home will awaken a sleeping giant. Especially all those dinosaur companies who still currently shun the idea. Once they see how easy it is to make that transition perhaps this presents problems for traditional office assets. Retail will at least see folks come back. Who really wants to go back to the office?

This+ an LOL at the folks stocking up on perishables. They do go bad... Maybe this is some covert economic stimulus scheme. People will be buying 2 weeks worth of crap for the next 6 months...I had to wait 15 minutes at Dicks Sporting Goods this weekend to pickup some braided fishing line.

FRPH at book would be lovely.

Yea the kicker of course is how the market reacts to the spin or if the company temporarily decides to hold off on that given the environment. The tricky aspect here is this has never really been an earnings or revenue story. So yes, they'll incur losses. At the same time, should Dolan decide to put the assets up for sale, I see zero change on the valuation front in terms of private market value. Of course thats a long shot still, but you never know. Given where the season is, thankfully its almost over anyway and the Knicks and potentially even Rangers likely weren't seeing huge playoff revenue. Of course concert figures will get whacked. We shall see. Ive added substantially here. Was a genius yesterday and a dumbass today. Thats how the market works sometimes. Always fun.

PCYO Edit: also just grabbed some GOOG

Sold a few WING puts(to close)

LOL yup. That and the hysteria, along with its mouthpieces, tend to let the day to day volatility, inspire their confidence. Kind of the antithesis of investing. But hey, are you ready for extinction?

In respect to the NYC area, I dont even think many are waiting for government action. Check out all the big offices that have already ordered folks to work from home. Almost all the financial firms, including Point 72 and SkyBridge already have this in place. Of course, Id gander the most at risk of catching this and brining it back here are the douchey financial charlatans who travel the world attending "conferences"(aka parties) on the company tab.

Funny, my wife was reading on the iPad and groaned "I just want to read normal news and the only thing, everywhere, is this coronavirus stuff"...my thoughts? Fucking tell me about it. Try being a stock market participant the past two weeks! Anyhow, finished my nightly outreach on this dreaded topic with a few contacts From an NJ hospital with 3(now 2 cases after 1 death) paraphrasing Doctors dont really know what they are doing. They are constantly in contact with people over in China seeking advice. Hardly overwhelmed, but simply don't have a clue as no one has ever seen this type of thing before. Some are totally freaked out, some are of the thought this is not that big of a deal if handled properly. The main dude who's been all over the news is still in iffy shape, although they are optimistic he peaked yesterday.

I'm not leaning towards selling it. This isn't the Spanish flu which primarily targeted people in their 20s,30s,40s and largely left the children and elderly alone. The level of panic will subside once the general public comes to understand this. I am fearful for my parents who are in their 70s and 80s (my father has had pneumonia in the past 6 months) and I have two close social contacts with stage 4 cancer undergoing chemotherapy. However, I don't fear for myself, my wife or my kids . (I remarried in January). https://www.cnbc.com/2020/03/10/white-house-wont-explain-how-it-would-pay-for-trumps-proposed-payroll-tax-holiday.html Underwhelming... futures -500 Trump is still a predictable putz. Very, very large numbers...details? Nil.

Hello, On behalf of our 23,000 crewmembers at JetBlue, I want to thank you for flying with us. The fact that you trust JetBlue with your travel inspires us to deliver the signature JetBlue experience that has been our calling card for two decades. I want to personally let you know that safety—your safety—is, and always will be, job one at our airline. Not only is safety built into the DNA of everything we are as a company, but that priority bears repeating in the face of any challenge, including the concerns posed by coronavirus (COVID-19). At JetBlue, we have worked for years to ensure the safety of our crewmembers and customers. Since January, our pandemic response team has been activated to ensure we are working closely with government agencies, our own infectious disease medical staff, and in coordination across the entire JetBlue family to support our customers during their travels. To that end, I want to share some of the steps we are taking. We were the first U.S. airline to suspend our change/cancel fees across all fare types in all markets so that you, our valued customers, could book with confidence should your travel plans change. Currently, all change and cancel fees for travel through 4/30/20 are waived, regardless of when you purchased your ticket. And, there are no change or cancel fees on new flights booked through 3/31/20 for travel until 9/8/20. Our customer support team is ready to support you with adjustments if you need assistance. We know how important cleanliness is during these times. To offer you peace of mind, we have increased aircraft cleaning each night, including the walls, windows, window shades, galleys, lavatories and floors. We are applying disinfectant that is effective against coronavirus across aircraft interiors including the places customers touch most - the tray tables, seat covers, armrests and seatbelts. All of our aircraft are equipped with hospital-grade high-efficiency particulate air (HEPA) filters. All recirculated air is passed through these filters before re-entering the cabin or being mixed with fresh air. All of the air in the cabin is, on average, completely changed every three minutes. We have updated our inflight service standards. We've increased the availability of sanitizing wipes on board, temporarily suspended hot towel service, and you can expect to see our inflight crewmembers wearing medical-grade gloves during the service delivery to further limit contact points. In our airports, we are disinfecting common surfaces more frequently and we are making hand sanitizer and disinfecting wipes widely available throughout our terminals. We are encouraging customers to self-scan boarding passes - you can download a mobile boarding pass on the JetBlue app. As of today, authorities have not announced travel restrictions to any destinations where we fly. Some countries, including the U.S., have restrictions in place for customers who have recently been to certain international destinations. Please monitor these closely. You can always find our latest coronavirus information on our blog. You can also learn more about the coronavirus and specific information for travelers on the Centers for Disease Control and Prevention (CDC) website. Your confidence in JetBlue inspires us to deliver the safe JetBlue experience you've always known. We at JetBlue never take for granted your travel decisions and look forward to welcoming you on board soon. Regards, Joanna Geraghty Joanna Geraghty President & Chief Operating Officer, JetBlue Airways ............. Received the above email from jetBlue. I think as usual, information will go a long way once people regain their sanity. Right now they just have too much info(much of it wrong) and it happened in too short a period of time(for most folks). In time this should pass and people will likely fly again, perhaps sooner than maybe we expect.