All Harley Doom and Gloom Posts Mega Thread
Tourer
Joined: Aug 2010
Posts: 269
Likes: 172
From: Oley, PA
Hopefully in a few years we'll be watching tons of videos with titles like "How Harley Davidson came back from life support!"
Tourer
Joined: Feb 2019
Posts: 441
Likes: 186
From: Creek
Here's my take on the stock market in general. It's an emotional roller coaster. I haven't noticed anything that's ever "priced in" as far as the market goes. The favorite saying is the Market is forward thinking. Yeah, maybe 30 minutes forward. LOL. I've seen too many times when the DOW is up 300 points, and somebody coughs in the MiddleEast, and the market turns 400 down in the next 30 minutes. So much for forward thinking, or "priced in".
What the stock market HAS become is a high frequency trading game, run by computer driven algorithms. I don't see traditional "fundamentals" setting the prices of individual stocks much anymore, and hasn't for quite a while...I'd say at least the last 10 years. If you look at the stock market just in the last few months, it's gone down from a high of almost 30,000 to a low of 18,xxx, and then back up to 24,000 yesterday, 5.7.2020. Why is it going up when it was announced that we lost 20 million jobs in just April alone? In fact, why has it gone up at all since the 18,xxx LOW? WE have only had more deaths and more cases since that point, and it isn't EASING either. So there sure as hell aren't any fundamentals driving it up!
What might be driving it up is what has been driving it up for a long time: SPECULATION. Another good word for it is GAMBLING! LOL. Let's call it what it really is, LOL.
One legit thing that has been driving it up has been 401K money being put to work in the market on a monthly basis. The money has to be put somewhere, and it has been put into stock funds for the most part. So that explains a lot of the upward momentum for the overall market. And that will continue. I think the rest of the move has been the Trillions put into the economy by the FED. Stock market gamblers are betting this money will help businesses recover from the downturn. We'll see how that works out. Personally, I think any recovery is going to take a long time. I don't believe in this so-called V_Shape Recovery.
What the stock market HAS become is a high frequency trading game, run by computer driven algorithms. I don't see traditional "fundamentals" setting the prices of individual stocks much anymore, and hasn't for quite a while...I'd say at least the last 10 years. If you look at the stock market just in the last few months, it's gone down from a high of almost 30,000 to a low of 18,xxx, and then back up to 24,000 yesterday, 5.7.2020. Why is it going up when it was announced that we lost 20 million jobs in just April alone? In fact, why has it gone up at all since the 18,xxx LOW? WE have only had more deaths and more cases since that point, and it isn't EASING either. So there sure as hell aren't any fundamentals driving it up!
What might be driving it up is what has been driving it up for a long time: SPECULATION. Another good word for it is GAMBLING! LOL. Let's call it what it really is, LOL.
One legit thing that has been driving it up has been 401K money being put to work in the market on a monthly basis. The money has to be put somewhere, and it has been put into stock funds for the most part. So that explains a lot of the upward momentum for the overall market. And that will continue. I think the rest of the move has been the Trillions put into the economy by the FED. Stock market gamblers are betting this money will help businesses recover from the downturn. We'll see how that works out. Personally, I think any recovery is going to take a long time. I don't believe in this so-called V_Shape Recovery.
Tourer
Joined: Feb 2019
Posts: 441
Likes: 186
From: Creek
pretty much applies to all stocks on the market, how does Tesla have a higher market cap than ford selling probable less than 10% of Fords units.
Remember the dot.com bubble when crazy money was thrown at unknown startups run by 18yo kids, when the moto was profit doesnt matter?
its a cycle that keeps repeating boom/bust, boom/bust, lot of us get poorer, few get obscenely rich.
Remember the dot.com bubble when crazy money was thrown at unknown startups run by 18yo kids, when the moto was profit doesnt matter?
its a cycle that keeps repeating boom/bust, boom/bust, lot of us get poorer, few get obscenely rich.
Stellar HDF Member
Joined: Jan 2007
Posts: 2,627
Likes: 1,348
From:
I sense that you have a long position on Tesla, not a short.
Tourer
Joined: Feb 2019
Posts: 441
Likes: 186
From: Creek
actually I meant to say. In short ( paraphrasing) Im glad I sold ford stock and took that money to buy Tesla. Yes I am long in Tesla.
Grand HDF Member
Joined: Aug 2013
Posts: 3,673
Likes: 5,069
From: Georgia
700 more jobs gone and the CFO too
Not much information in the article, figure more will come Even more layoffs at Harley
I believe they had just around five thousand employees prior to this announcement
Bloomberg article on same
The Street
I believe they had just around five thousand employees prior to this announcement
Bloomberg article on same
The Street
Last edited by ChrisHo; Jul 9, 2020 at 11:35 AM.
Road Master
Joined: Jun 2017
Posts: 1,071
Likes: 561
From: Kerrville, Texas
Thats fine with me I dont really care for what they have to offer in the lineup
Out of the five Harleys that I have owned in 38 years of legal riding only one has been bought new and that was in 2001, and that pretty much set me on the Im never buying another new motorcycle from the motor company
theres enough used bikes on the market, and will always be for the 25 or 30 years (Lord willing) I have left on this planet
Out of the five Harleys that I have owned in 38 years of legal riding only one has been bought new and that was in 2001, and that pretty much set me on the Im never buying another new motorcycle from the motor company
theres enough used bikes on the market, and will always be for the 25 or 30 years (Lord willing) I have left on this planet
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