bostonangler

Wow that looks like New Orleans... B/A

3,069.50 -40.75(-1.31%) Dow Futures 26,550.00 -364.00(-1.35%) Nasdaq Futures 8,711.75 -138.50(-1.56%)

Strategists at Goldman Sachs just reminded investors why they are dumping stocks hand over fist right now. The coronavirus may wipe out corporate growth in 2020, perhaps completely. Goldman Sachs said Thursday in a note U.S. companies will generate no earnings growth in 2020. Underlying the call is Goldman’s view that the coronavirus is expected to spread around the globe and severely harm economic activity. For 2020, Goldman slashed its S&P 500 earnings estimate by $9 and expects no earnings growth. Looking out into 2021, Goldman now sees $8 less in S&P 500 earnings and a modest 6% growth rate. “Our reduced profit forecasts reflect the severe decline in Chinese economic activity in 1Q, lower end-demand for US exporters, disruption to the supply chain for many US firms, a slowdown in US economic activity, and elevated business uncertainty,” wrote Goldman strategist David Kostin. People wear protective masks in Kuwait City on February 27, 2020 amidst a world epidemic of cononavirus COVID-19. (Photo by YASSER AL-ZAYYAT / AFP) (Photo by YASSER AL-ZAYYAT/AFP via Getty Images) Kostin doesn’t top there in sounding the alarm bell on coronavirus, however. “A more severe pandemic could lead to a more prolonged disruption and a US recession,” Kostin said. Under a recessionary scenario, Kostin sees S&P 500 earnings dropping 13% this year. They would potentially rebound to 10% growth in 2021. Goldman recommends shifting one’s portfolio to more defensive equities. The investment bank raised its outlook on real estate to overweight from Neutral and utilities to Neutral from Underweight. Industrial equities are now rated Neutral, down from Overweight, while financials are at Underweight versus Neutral previously. https://www.yahoo.com/finance/news/coronavirus-will-wipe-out-corporate-profit-growth-in-2020-and-may-trigger-recession-goldman-sachs-122739601.html B/A

China reports rise in new coronavirus cases, warns of risk of rebound SHANGHAI/BEIJING (Reuters) - China reported 433 new cases of coronavirus infections on Feb. 26, the National Health Commission said on Thursday, up from 406 a day earlier, with a cluster of new cases in Beijing raising concerns about the management of employees returning to work. The total number of confirmed cases on mainland China has now reached 78,497, the Commission said, though the number of new deaths on Wednesday stood at 29, the lowest daily rate since Jan. 28. The outbreak has now killed a total of 2,744 people in China. Hubei, the central Chinese province at the epicenter of the outbreak, reported 409 new cases and 26 deaths on Wednesday. Beijing and the provinces of Heilongjiang and Henan were the locations of the other three fatalities. The number of new cases outside Hubei stood at 24, up from 5 on the previous day and reversing five days of declines. Ten of those were in Beijing. A statement published by the Comission on Thursday, citing a meeting held the previous day, said that the situation in Hubei province and Wuhan is "still complex and serious", and added that the risk of a rebound in infection in other regions should not be overlooked. Also, some coronavirus patients discharged from hospitals after recovery have been readmitted after testing positive again, health authorities said recently. A health official in southern Guangdong province told state media on Wednesday that 14% of patients discharged from hospital experienced a resurgence of the virus, although they had not infected any others they had been in close contact with. The number of new confirmed coronavirus cases in Beijing on Feb. 26 had jumped to 10 from zero the previous day. Pang Xinghuo, deputy head of Beijing Center of Disease Control, told a news briefing on Thursday that it was a cluster case. The new cases all stemmed from a property management agency in Beijing's Chaoyang district, and had either been working in the same office or sharing the same dormitory, Pang said. The case showed that companies were not putting in place adequate monitoring of staff during their 14-day quarantine period, Chen Bei, deputy secretary general of Beijing city government, told a briefing later on Thursday. It has also highlighted the risks of crowded dormitories and poorly ventilated basement housing often used for some workers. Chen said no more than six people should share basement dormitories, which should have windows. She also reiterated that people returning to Beijing must undergo a 14-day self quarantine before they're allowed to go back to work. Chinese authorities are also turning their attention to potential sources of infection from abroad, as the number of new cases outside China now exceed those domestically. The Shanghai government said it is trying to identify anyone who came into contact with a coronavirus patient who arrived in the city from Iran, another coronavirus hotspot. More than 40 countries and regions outside mainland China have reported infections. On Wednesday, cases were detected for the first time in Brazil, Pakistan, Norway, Greece, Romania and Algeria. The coronavirus has infected more than 80,000 people and killed nearly 2,800, the majority in China. A senior medical advisor in the Chinese government who won fame for combating the SARS epidemic in 2003 on Thursday said the original source of the coronavirus remains unclear. "Though the virus was first discovered in China, it may not have originated from China," said Zhong Nanshan, an 83-year-old epidemiologist. Zhong said he believes there are other wildlife species apart from the pangolin, which is suspected as the original source emerging from a seafood market in Wuhan that also sold wild animals, that carry coronavirus. Zhong said China would present a video report to the European Respiratory Society to share China's experience in addressing the virus outbreak. He again repeated an earlier forecast that the coronavirus outbreak in China will be contained by end-April after peaking in mid-to-late-February. https://www.yahoo.com/news/mainland-china-reports-433-coronavirus-014006953.html B/A

Sounds like a good excuse for another vacation.. B/A

I find it funny that someone who supports the Electoral college would choose to use that term... Mark and his fellow Trump supporters don't seem to believe in one person, one vote as a final tabulation... JMHO B/A

About .01.... A true penny stock.... LOL Several years ago I bought a bunch at about the same price and sold at .15.. It paid for my Harley. Right now I have about 50,000 shares at an average of .015.. So I'm down, but I do think it will bounce after they release their quarterlies. B/A

Oh, that's my fan club.... LOL B/A

Mark I don't know what you want me to reply to... Trump trying to get out of war??? Didn't he just send more troops to war? Wasn't it conservatives who screamed about Obama reducing troops for fear of more terror? B/A

I hope your preacher isn't telling his flock who to vote for... My church thankfully would find a new preacher, I can tell you that. I don't agree with this priest or any preacher bringing politics into their service. JMHO B/A

Who put us in Syria? Afghanistan? Iraq? And rest of the war profiteer's business??? Not God, I can tell you that. If you seriously believe Trump is a man of God, then your definition is different than mine. B/A

So you would flog the preachers who have endorsed the pro-choice Trump? B/A

One would think..... But as we know on both sides of the aisle, churches endorse to fire up their flocks and get more money... Because as we know also know, the church has become a business... I guess one could say, it's always been a business... B/A

I see the neg brigade has shown up, so I ask what part of my statement isn't the truth? Do we not spend trillions on endless wars? Are we not seeing corruption running rampant? Is greed not a problem? Are we not turning our backs on the impoverished? Do we not hail those who lie? Has cheating not become the norm? Anyone? B/A

I have had this same thought... America is the most prosperous nation in history. And chooses to spend it's wealth on endless wars, corruption, and greed. As of late, turning it's back on humanity, promoting liars and cheats. Perhaps God's ideals are not being met and it could be time for a change... Those who believe Trump would be God's choice to serve mankind need to reevaluate their understanding of his teachings. JMHO B/A

We have socialism... They are called Entitlements... Bailouts... B/A

Hopefully, their audited financials come out soon... That should make a difference. B/A

How do you know if you are a Trumpkin and a fake conservative? We need to cut the national debt.... Yes we do, but it's okay if Trump runs it up.... Socialism is bad.... Yes it is, unless Trump is giving away the billions... We all need to live by the Constitution.... Of course we do, unless it is Trump trampling it. We know Russia is the Evil Empire like Ronny said.... It always has been, well until Trump said Putin is more trustworthy then our own people. B/A

Do people really watch this stuff??? Man, it must suck to have that much time on your hands... Personally I'm too busy running a business to sit around watching "youtubers" more like "you-goobers" B/A

Adding Two Additional Markets, Minnesota and Wisconsin, focusing on Market Expansion and Continued Revenue Growth in 2020 Phoenix, Arizona, Feb. 25, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- SinglePoint Inc. (SING) is pleased to announce Direct Solar of America is continuing to expand its national solar brokerage footprint meeting increased consumer and customer demand for solar solutions for their homes and businesses by announcing the addition of two additional markets, Minnesota and Wisconsin. The Direct Solar of America model allows for national scalability which enables us to increase revenues by entering new markets without significant operational start up costs due to the leverage from our existing infrastructure. As reported in the Star Tribune, Legislators in Minnesota recently outlined their 2020 agenda including a requirement that all the electrical energy generated for the state come from carbon-free sources such as wind and solar power. Solar power is getting its time in the sunlight. “It’s growing at about 30 percent per year,” explained Greg Nemet, professor of public affairs at the University of Wisconsin-Madison. “There are studies that say solar could be 50 percent of our electricity within 10, 15 or 20 years.” “Solar is for real now and … people are installing solar because it’s the cheapest way to make electricity, even in a place like Wisconsin. I would expect to see more of that.” “This is an exciting time for the company as the appetite for solar and energy storage solutions continue to rise, we look forward to continuing to add markets such as Wisconsin and Minnesota to fuel our growth in the residential and light commercial sector,” states Greg Lambrecht, Chairman & CEO of SinglePoint. “The solar and clean energy solutions (both in the Americas and globally) have undergone enormous change over the last decade and we feel the acquisition of Direct Solar of America has firmly positioned SinglePoint and its stakeholders to take advantage of the opportunities created by these changes as we move into the next 10 years that is being described as the Solar+ Decade.” Enhanced revenue outlook, powered by solar, continues in 2020 Last week the company reaffirmed previous announcements regarding the 2019 Unaudited Gross Revenue of $2,000,000 in its residential solar business unit. It is important to note that these revenue numbers are only from the time period from acquisition, May 2019 until the end of the year and do not represent what the full annualized revenue opportunity. Direct Solar of America continues to track a minimum of $8-$10 Million in 2020 Residential Solar Sales and is on pace to meet or exceed total targeted solar bookings in February 2020. Solar Jobs Expanding Across the United States, reflecting rapid national expansion and demand for Solar and energy storage solutions The Solar Foundation, a nonprofit educational and research organization, issues the National Solar Jobs Census each year to provide comprehensive and reliable data on the U.S. solar workforce. Since the first Solar Jobs Census was published, American solar jobs have increased 167%, from just over 93,000 jobs in 2010 to 249,983 jobs in 2019. This job growth reflects the rapid expansion of the U.S. solar industry, driven by the plummeting cost of solar technologies and its increased popularity among individuals, businesses, and electric utilities. In the five-year period between 2014 and 2019, solar employment increased 44%, five times faster than job growth in the overall U.S. economy. Solar jobs also increased in 31 states in 2019, and growth well outpaced the national average in many emerging solar markets. The state with the most jobs added in 2019 was Florida, followed by Georgia, Utah, New York, Texas, Illinois, and Virginia. Globally and Domestically Solar Energy is Huge As recently mentioned in this Bloomberg Article, all of a sudden, solar energy is huge. In many countries around the world solar is trending to become the dominant power supply. Globally, the Number of Megawatt projects have skyrocketed and the US is appearing to follow suit. Recently Warren Buffet’s NV Energy company received the green light to proceed with the US’s largest solar project to date. While these large scale projects continue to grow, residential and smaller commercial sized opportunities targeted by SinglePoint are becoming more abundant. More Consumers and Businesses are going Solar As environmental awareness becomes a priority for everyday people, solar energy has seen exponential growth. Homeowners and property owners are looking for ways to offset their own power consumption and make the move to a more green and sustainable energy source. As an inexhaustible resource that doesn’t produce CO2 emissions, projections for the future indicate that the solar industry will continue to thrive. More people are choosing solar power for one key reason: it has the potential to save the average household thousands of dollars. Purchasing solar panels has never been more affordable and more efficient than it is today. Solar panels are one of the most innovative technologies of our time, playing a vital role in reducing the demand for fossil fuels. Utilizing solar power is one of the best ways to reduce your carbon footprint as well as boost your electricity independence. The sun soaks the Earth hourly with enough light and heat to fulfill global needs for a whole year; in other words, solar radiation can satisfy our energy needs 4,000 times over. https://finance.yahoo.com/news/singlepoint-subsidiary-direct-solar-america-133010242.html MD, this thing might actually get legs!!!! B/A

They all appoint judges that they deem to have the same perspective as theirs... So what's with the whining? I thought only liberals were snowflakes... Apparently he is a snowflake leader with the amount of whining he does???? B/A

President Donald Trump launched a new attack on the judicial system on Monday, targeting the nation’s high court by demanding that two liberal Supreme Court justices recuse themselves from any case involving him or his administration. Trump claimed associate justices Sonia Sotomayor and Ruth Bader Ginsburg couldn’t be fair to him: Trump has a history of attacking prosecutors and judges. Earlier this month, he slammed U.S. District Judge Amy Berman Jackson, who presided over the case against longtime Trump ally Roger Stone. Jackson also handled a case that concluded last year against former Trump campaign manager Paul Manafort. Trump earlier tried to insult U.S. District Judge Gonzalo Curiel, who was born in Indiana, by describing him as a “Mexican.” He also called U.S. District Judge Jon S. Tigar a “disgrace” and an “Obama judge” for ruling against his administration in an immigration case. Trump’s latest attack seems to be in response to a dissent Sotomayor wrote last week in which she accused the Supreme Court’s conservative wing of being biased toward the administration, saying they’ve been “all too quick to grant the Government’s ‘reflexiv[e]’ requests.” She warned that such actions could “erode the fair and balanced decisionmaking process that this Court must strive to protect.” https://www.yahoo.com/huffpost/donald-trump-supreme-court-recuse-100032005.html Whinging? There's no whining when you're president... B/A

Amazing talent.... thanks Rum B/A

Don't worry, when he loses in November, you can all move there and build one... Mexico will pay for it.... LOL B/A

Donald J. Trump @realDonaldTrump 0:12 52M views 3:50 PM · Jun 21, 2019·Twitter for iPhone