Help wanted signs are still in store windows….
Jobless benefits application have risen…
With extra stimulus money gone?
Some people did not go back to lower paying jobs….
With some eviction ban’s gone some people just stopped paying rent to spend their money other places….
Virus collateral damage is a good part of things the experts say…..
(The Delta variant spike occurred early last month, but is now dropping)
People still do NOT eat inside as much as they did pre-pandemic…Less staff is needed….
Mandate ultimatums have resulted in people being laid off from their jobs…And a smaller hiring pool…
School districts back to ‘normal’ are not hiring more staff…
And travel is still nowhere near normal, but growing and the Holidays are coming….
And we’ve had several hurricane and wild fires here in America…..
All in All?
The jawboning about the growing economy?
Might leave some of us puzzled….
During more optimistic days, September was supposed to be a big month for the labor market, with widespread coronavirus vaccinations, falling caseloads and the return of normal functions like in-person schooling allowing the economy to rev back up. The country is still about 5 million jobs below where it was before the pandemic, and needs to gain back an even bigger number to stage a full recovery.
But the period leading up to the week the survey was taken, the week ending Sept. 12, was marked by a series of crises…
…
Weekly unemployment claims rose for three straight weeks, before falling last week. And restaurant reservations, which had begun returning to pre-pandemic levels according to data from Open Table, took a dive.
The modest gains for the month were driven by the leisure and hospitality sector, which added 74,000 jobs, particularly in arts, entertainment and recreation after hiring remained flat in restaurants and bars.
Professional and business services, like architectural and engineering services, technical consulting services and computer systems designs was up 60,000 for the month. Retail added 56,000 jobs, particularly in clothing and merchandise stores, and building and garden supply outposts….
Anybody here think the jobs numbers are ‘actually good’?
Cause I don’t….
BTW?
The beginning of Sept was the peak of the latest virus spike….
The ‘reported’ virus numbers have dropped by 1/3 now and deaths and hospital stays have dropped between 5 and 10%…..
Biden and the country WILL get some good news at the end of October .
The ‘shortage’ thing will hurt though….
I’d bet EVERYTHING WILL be plentiful at a higher price by the holidays…..
This reminds me of the gas shortages that raised prices
The Delta Variant is still negatively impacting the economy because the stupid people who refuse vaccination are still negatively impacting the ability of business owners to hire. The virus, because of the gross stupidity of people “who want to own the libs” is still, holding back the recovery.
New vaccinations accelerated for the first time in months – thanks at least partially to vaccine mandates.
I know Zreebs, of course Biden gets little credit for those mandates. Still stupid people refuse to get vaccinated.
Biden and other Democrats saw Newsom turn around the pandemic politics….
Mandates work some places yes
But turn on ur TV today and tomorrow
Sports events with tens of thousands of fans jammed together….
Running on hard mandates with no testing option is gonna cost Democrats votes in some places
That said
Vaccine , mask wearing common sense distancing HAVE helped drive down case numbers and rhe severity of infection along with the virus natural up and down cycle….
Reported vaccine rate is now at 56.3%….
Things HAVE picked up in some places…
But you’re not vaccinated right James? So why are you on always going on about the vaccination rate and how things are getting better? When. you appear to refuse to get vaccinated. Why?
Because as i continually explain Keith?
NOT ONE THING…
BUT AGAIN?
SEVERAL THINGS along with virus natural cycle of burning itself out has brought cases DOWN by at least 1/3 since the beginning of Sept.
And YES…..
There is the health side to this AND
A political side for some people….
And of course there IS Modena trading at $300 plus*….
(Pfizer only @ $42.45 with word of being less effective that Moderna)
Your views keith are urs and a Lot Of people
But not all….
Things ARE COMPLEX…..
* correction
I AM Happy and hopeful that things keep getting better on the whole….
So you are comparing the price per share of Moderna and Phizer and concluding that the reason for higher price per share is that Moderna is more effective? This implies that stocks that have the highest prices are the most desirable or profitable?
With analysis like that, Hopefully James doesn’t invest in the stock market!
Z?
The moderns vaccine is now MORE effective and longer lasting according to reports….
Ot does not have to be stored at the deep cold temps as Pfizer and doesn’t already need a booster shot
So Yup
Investors ARE betting on Moderna i’d guess
This IS A CAPITALIST country
People make money on EVERYTHING
No offense, but Your stock price analysis is remarkably clueless. It would be better to just admit that you know very little about the stock market, then to make statements like that.
Nobody else here just makes up shit like you do.
Ok
Please explain why Moderna is trading at TEN TIMES THE amount of Pfizer?
James, you don’t understand what I say, even though you pretend that you do, so I don’t know why I bother to answer this naive question. I don’t follow either Moderna nor Phizer, so I can’t give you a complete answer.
But the price of a stock has a lot to do with how many shares of that stock are outstanding. So assume for example that one stock has 1m shares outstanding, and a second stock has 10m shares outstanding, the second stock would priced at about 1/10 of the price of the first stock assuming that everything about the two stocks was equal. Of course, Phizer and Moderna have other products, and that influences the price of a stock heavily. The products are likely not priced the same way and the profit margins are not the same either.
In conclusion, you can have a stock priced very high on a per share basis, but it still can be exceedingly unprofitable. there is very little if any correlation between the desirability of a stock and its absolute price.
James,
I have invested in both companies, Pfizer back in march of 2020 and Moderna December 2020. I watched Moderna Stock rise from 150 to 450…then sold it…It has since tanked from 450-300. I bought more at different price points from 380-303…I believe the stock will rise again but not in the near term…The market Cap of Moderna was close to 160 Billion when the price was over 450. Now its market cap is closer to 120 Billion. But this is based on future revenue, cause currently they may only pull in 20 billion for the year in revenue, Profits much less than that with expenditures, factory costs, etc.
Pfizer is a behemoth of a corporation with a market cap of over 230 Billion…Over a hundred billion in debt with legacy costs including pensions, etc. But with assets (factories, equipment, etc) and revenue significantly higher than its debt. They also have nearly three times the amount of shares issued than Moderna (maybe more I don’t know the exact numbers)….
So comparing a price of one stock to the other # for # is like comparing a bowling ball to a base ball…
Apple is the most valuable company in the world worth over 2 trillion dollars, but it’s share price is 115…or there abouts…does that mean Moderna is worth more…no it just has a higher stock price per share outstanding…Fuck…Berkshire Hathaway has a stock price of over 400K. By stock price it is leaps and bounds the most valuable stock per share, but doesn’t mean that company is the most valuable or doing the best (though it is a great company and makes a shit ton of money…just saying).
I have totally lost the whole point of the Moderna Pfizer comparison when it comes down the actual vaccine…It appears Moderna is the longer lasting vaccine, but will need a booster as well…if anyone here isn’t vaccinated, I will share with you a story one of my cavemen co-workers (who is 45) shared with me and why he got vaccinated…he went to his long time doctor…they have a pretty informal relationship…so his doctor back in February says to him while they are having “the talk”…the Doctor says to him “you know a real stupid fucking way to die”. He says “I don’t know, walk into traffic”. The doctor says “no, but catching COVID and dying when there is a vaccine available to prevent death.” It was a real simple argument that took this caveman no time at all to then make the decision to get vaccinated so that he doesn’t die from this disease that is at this point mostly preventable…
Thanks Bdog….
I’ll rest my view with your comment that Moderna HAS the more effective drug….
Always knew Pfizer was a MUCH BIGGER outfit….
So I get the overhead angle….
In addition, I might go back to the point that the Moderna drug is less sensitive to temp, so it’s easier for more places too stock….
Yes Bdog….
Human make choices that affect their lives EVERY Day….
Should have brought Apple WTF back in the day when Jobs was down to his last quarter and Microsoft came to the rescue…
I have an iPhone, I Pads, A laptop and a iMac….
Would have been fun making money off the brand , instead of paying for it since 1992…..
And after some research ….
I see the stock IS taking a hit guys….
So?
While their drug IS easier to handle….
They ARE having issues…..
So I’ll admit I should take a hit….(Z and Bdog)
But it still trades at $300 a share vs $42 for Pfizer …..
Based on this exchange, I suspect James “did his own research on the vaccine” by pouring over what is on the internet in much the same way that he came up with facts about stock prices.
Actually I looked at Moderna….