Coronavirus and Stocks

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The problem with Covid-19 in the United States is that if someone is not feeling good they will not stay home and it will eventually affect almost all of us. The biggest excuse will be; "I don't have sick time and I can't afford not to get paid".
 
Coronavirus-proof Netflix has given up the ghost today. I guess investors think people won't watch Netflix if we're all broke... or dead. :eek:

The falling tide sinks all boats. Even Clorox is down big today.

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tsptalk said:
Coronavirus-proof Netflix has given up the ghost today. I guess investors think people won't watch Netflix if we're all broke... or dead. :eek:

The falling tide sinks all boats. Even Clorox is down big today.

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I never really understood the Netflix pop. More people staying home watching Netflix doesn’t mean more profit unless there are a significant number of new subscribers. It actually means more expenses as everyone who already has a subscription is streaming even more. Is there something I’m missing?


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bmneveu said:
I never really understood the Netflix pop. More people staying home watching Netflix doesn’t mean more profit unless there are a significant number of new subscribers. It actually means more expenses as everyone who already has a subscription is streaming even more. Is there something I’m missing?
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I would say not so much more subscribers, although that's possible, but more recession-proof. No supply chain to be disrupted, people won't cancel Netflix (unless they lose their jobs) like they might cancel a vacation or stop going to Disney land, theaters, concerts, etc.

Amazon Prime might be different in that they sell and rent a lot of movies to their customers on top of their fees, but they are also more impacted by that supply chain thing.
 
Re: The Hindenburg Omen

Ohio closed all restaurants and bars last night at 9pm except for delivery or pick.This is going to hurt the local economies bad.
 
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Re: The Hindenburg Omen

Looking for signs of life in the carnage...

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