boatman37
Well-Known Member
- Jun 6, 2015
- 4,257
- Boat Info
- 2006 Crownline 250CR. 5.7 Merc BIII
Previous: 1986 Sea Ray 250 Sundancer. 260 Merc Alpha 1 Gen 1
- Engines
- 5.7 Merc BIII
Definitely. There is cheap and then there is broken. Some of these companies might not survive this or you may see mergers come from it. 99% of the time when a company acquires another the company being bought rises while the buying company usually drops but usually will recover.Not to hijack, but remember the fundamentals of the economy are changing. It's going to be quite different when we get out of this.
And agreed with the jobs report. It may be baked in and may not see a big drop. I think most of Wall Street expects bad numbers so we may not see that big drop. I recently switched jobs and rolled my 401k into a TD Ameritrade IRA so I'm already almost 100% cash. The timing was as good as it could have been in that sense. I knew we were extremely top heavy and due for a pullback so had planned to stay mostly cash until we got one. Just didn't expect this.