News for hackers. Stuff that matters.

A comment on Boeing, expecting a long slump, will cut 16k jobs. Parent comment

Re:Boeing, expecting a long slump, will cut 16k jobs by Infinitesimus on Wednesday April 29, 2020 @02:57PM (#23022783)
It dropped in March because of fear and uncertainty. We didn't guess how bad the impact of the virus would be and no one knew how much ink the Fed's printer has (turns out it's infinite!)
[ Parent | on HN ]
Re:Boeing, expecting a long slump, will cut 16k jobs by vkou on Wednesday April 29, 2020 @03:05PM (#23022869)
The impact of the virus has turned out to be... Exactly in line with what we were observing in China during February.

Was the market in March also expecting a 20% death rate on top of that?

[ Parent | on HN ]
Re:Boeing, expecting a long slump, will cut 16k jobs by bluGill on Wednesday April 29, 2020 @08:52PM (#23026355)
The market tends to overreact. Remember it is a bunch of humans, there is no magical god behind it.
[ Parent | on HN ]