The economy and airline business

[FORESTGUMP]

Stocks back up 400 points after losing a bunch over the last two weeks. Will it go down to 2008 levels? Probably not. Companies are flush with cash, they haven't hired much, but they have more cash than they did back in 2008. Airlines have overall done a lot better. There were some disruptions, like the Japan Earthquake, but other than that we've had a good Summer and Q3 will be good. Even this tax holiday we just had thanks to the ticket tax vanishing for a week or so will be great for the bottomline. The dollar is actually rising fast against the Euro thanks to their economies tanking faster than ours. Oil is way down too, which will help the consumer and airlines alike. You need to watch more CNBC and quit drinking when you get up each morning.



Bye Bye---General Lee

fail....whoop whoop pull up genny....

 

[On Your Six]

fail....whoop whoop pull up genny....

How did it do today? Call Genny and ask him.


OYS

 

[ohplease!]

I think we will back above 12K by the end of the month, still a chance of 14K by years end. Companies are doing to well, good profits, good cash reserves, too many good things out there. I am also betting the traders drove down prices, knowing all the talking heads would scare people to get out of equities and allow the traders to find some deals. A lot of people made a lot of money on the drops this week, but another bunch lost a lot money by reacting to short term. Again these are all guesses, but I am sticking by my guesses.

oops....

 

[pilotyip]

oops....

there are three trading days left, up 400 this week, could be close, anyway closer to 12K than 10K

 

[Dan Roman]

A: Pollyanna, Chicken Little, Nostradamus, and Bozo the Clown.

Q: Name four credible market analysts.

Tom, I believe you left out airline pilots.

 

[xkuzme1]

Yup - and you can bet the CFO knows exactly what point it is cheaper to pay debt service/lease on a plane while it sits in short-term storage vs. flying it at 50% load factors.

I'd take that bet. I really don't think that the CFO's know anything more than what amount is being deposited in their accounts and how many months left until their golden parachutes mature. They might be aware of how much their employees are underpaid, it's probably a ratio directly linked to their bonuses.

X

 

[pilotyip]

oops....

looks like we will be closer to 12K than 11K

 

[ohplease!]

looks like we will be closer to 12K than 11K

or not.

 

[Stifler's Mom]

....missed it by that much.

 

[pilotyip]

or not.

we were talking August, I got that one right, we will do even better in Sept, I am betting on it.

 

[ohplease!]

we were talking August, I got that one right, we will do even better in Sept, I am betting on it.

While I hope you are correct, I just can't share your optimism...

 

[pilotyip]

While I hope you are correct, I just can't share your optimism...

on demand air is jumping one of the least known leading economic indicators.

 

[ohplease!]

we were talking August, I got that one right, we will do even better in Sept, I am betting on it.

I sure hope you didn't bet everything on it.....

 

[ohplease!]

how did it do today? Call genny and ask him.


Oys

doh!!!!

 

[pilotyip]

I sure hope you didn't bet everything on it.....

Some more great buying opportunities, dollar cost average on the way down, it worked in the past. I got a lot of stuff I don't plan on touching for a long time, and the other part has actually gone up over the last 4 months.