The DOW is down 1041 points, the S&P is down 128.5 points, the NASDAQ is down 35.75 points, Russell is down 60.6 points, WTI crude is down 78 cents to $30.95/barrel. These numbers are continuously updated. Add in the inevitable coronavirus employee with shutdowns and work at home rules, and this is adding up to a big sheet storm worse than any hurricane.
17 replies (most recent on top)
@nat, a grasp of the obvious is not your strongest suit, we see.
The stock market and your 401k will recuperate. Don’t panic or touch anything. It’s only waiting game until things normalize and you recoup your lost value. It may take months or a little over a year, but hold tight.
WTI just dropped below $29 to $28.93.
Glaciers move faster than CVX management can respond.
Huh? How did you post your comment?
It's nice that folks are posting these updates on the layoffs site. I don't have a computer, or cell phone or TV or internet access, so there's absolutely no way that information which is constantly streaming on business channels on the internet as well as TV would be available to me. Thanks!
Oil now at $29.03/barrel, headed to $28.
WTI futures are now at $29.91 and falling. Don't say that you weren't warned by people who have seen this before. Layoffs will be happening sooner than originally planned.
Typical response from an arrogant and ignorant Chevroid.
Oh really OP, did you just figure that out? You might try developing your capacity to reason more quickly and intuitively.
There are things that are out of your control, focus on what is under your control,relax, be calm, doctor job to the best you can, spend less, and take care of yourself and family mentally and physically, avoid risky outdoor gathering and wash and clean as often, the rest whatever the outcome is your destiny and is your fate so do not worry beyond that.
Governor of California has just asked for all bars to close until further notice. This will be a mandatory closing soon, just like Illinois and Ohio. This spreading fast.
EOI will be moved up to Q2 if this situation continues to accelerate. Events are moving faster than management can respond. It is always reaction instead of action. Chevron has a big inefficient beauracacy. Too many meetings, analysis, more meetings, BCG reviews, reports and recommendations and finally a decision that takes weeks to implement. By then it will be too late and end up in panic layoffs just like 2015-2016.
WTI will be in the $20's this week. Thanks to China, Saudi Arabia and Russia.
EOI will be in 3Q
Anyone know if layoffs and hiring freeze will be taking place with crude and equities down so much along with the virus crushing oil demand?
See you at the unemployment line. I read that the governors of Illinois and Ohio have ordered all bars and restaurants to be shut down at 9 pm tonight. How is that new house and new car that you bought 1-2 years ago?