Like most companies, IPGP has posted lower net income than prior year. Revenues are down. Profits are down when compared to prior year's quarters. They missed estimates the last couple quarters. This is happening even while governments are borrowing record amounts of money (ballooning debts to new records) and injecting this money into the markets. The US federal government is already injecting stimulus of $2.5 trillion per year. What are they going to do when the deep recession comes?! Stocks are already overvalued to 2.5X of where they should be. We are going to see a drop of more than 60% in most indexes. Many stocks will drop even more than that. This is going to be an extremely deep recession when reality hits. Beware.