Widespread outage and a huge setback to operations of multiple companies. Let's not talk about the actual issues that's happening to the company, as it could be minor configuration issue that led to this situation. The amount of damage to the operations of other companies will be significant. It will be more of a point whether there will be repercussions from the disruptions. There is likely contractual requirement for service levels issue with their operation leading to compensation.
It really begs my thoughts on when exactly are we getting out of this economical hellhole. We are much more prepared than the previous generations but we seemed to be worse at adapting and progressing.
Hmmm. How many banks has suffered from bank run, years of backlog, build upon build without due considerations. Looks like not just tech company being incompetent in that area, even traditional institutes are not properly taking care of it despite the vastness of their resources.
$Netflix(NFLX)$ Netflix will always have this problem of getting viewership. Even with a great show going, it does not really result in a sudden increase in subscription. Something has to be done to further transformed the innovation they brought forward.
$S&P 500(.SPX)$ Pretty unsure how things will go. But it seems like pretty big resistance at the 4,200 point and being pinned down by the whole inflation bandwagon. Meanwhile USD is slowly getting strong, and like I mentioned before this seemed to be a negative correlation between the two and well only time will tell
Inflation data will always have a huge impact to thewhole economy, but somehow I don't think it often make logical sense. Most of the time it is more of analyst trying to make sense of results rather than verifying prediction based on theory, but I maybe awfully wrong here. Anyway, seems like at the point of market open USD has strengthen against SGD, CHF and JPY. Well I am seriously bad at posting graphs and showing theoretical lines so I wouldn't want to pollute your eyes. But it seems like when USD goes up, market goes down.
$Walt Disney(DIS)$ For the long run, and this is what people might look for during tough times. Simple things to keep their mind intact and showing them there is meaning through all the hardships. And nothing does that better than entertainment and no one does it better than Disney. With the next few phases of Marvel movies comingout, and their emerging Disney+, there is truly things to look forward to.
It's the time of the year to wonder, what truly follows after the economy restarts. Looking around the world Tech companies are going for a full restructure and massively laying off their stuff, is it a sign ofa true recession and is it a repeat of all Great Recession we saw before? Perhaps during the stage ofrestart, we need to relook about our position in Tech stocks and find out what history has taught us.
Knee jerk or true decline. Higher interest rates will hurt the cost of money to those that borrowed heavily. However, with the overall recovery of economy wouldn't that be good in the long term instead?
US STOCKS-Wall Street Ends in a Hole After Powell's Wyoming Speech
$DiDi Global Inc.(DIDI)$Will the pink sheet god bless its members? Not so sure what to make of theirfuture. At this stage I am still pretty unsure how things to turn up. Any knowledgeable people to sharesome insights?
Well no doubt that recession is upon us.The idea now is to tread likely and be careful of what is one's level of liquidity. If you have the spare money, keep in mind of the long term leaders and invest wisely.