Talking Points: April 6, 2020

April 6, 2020

The only stock in the Dow that rose during the first quarter was Microsoft — and it was up by only one penny. MarketWatch, March 31, 2020

In addition to nightly room rates that range from $800 to $2,000, the Swiss hotel Le Bijou is launching a “COVID-19” service that includes a $500 coronavirus testing, a twice-daily nurse check-in for $1,800, and round-the-clock nursing care for $4,800. CNBC, April 2, 2020

American shale producers, which have helped the U.S. become a net energy exporter, need roughly $44 per barrel to break even. The Week, March 14, 2020

“When stocks drop, that is not the problem, that is the solution.” Benjamin Graham

Shares of Zoom technologies (ZOOM) went up 96.4% the week of March 2nd even though the company hasn’t reported any revenue since 2011. Investors confused the stock ticker symbol with Zoom Video (ZM), the conferencing service. ZOOM had also spiked 52% on the day of ZM’s IPO. MarketWatch, March 27, 2020

In Europe, from the mid 14th to the early 18th century, outbreaks of plague that varied in size, from local epidemics to continental pandemics, occurred roughly every five years. The Wall Street Journal, March 19, 2020

“If you put your ‘two cents in,’ but only get a ‘penny for your thoughts’ you’re losing half your investment each time.” Steven Wright

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