It was not fair of me to insult you like that. I simply don’t agree with your consistently pessimistic view of the economy. I will say, your optimistic view of humanity surprised me. Can I adjust but job to neutral opinion?
It was not fair of me to insult you like that. I simply don’t agree with your consistently pessimistic view of the economy. I will say, your optimistic view of humanity surprised me. Can I adjust but job to neutral opinion?
jesseriley wrote:
Act of war, dumb@ss
Go pray at your Stalin shrine until you calm down, you insufferable Commie.
Most popular #1 story on Guardian!!!
Dumb@ss sighting!
jesseriley wrote:
Most popular #1 story on Guardian!!!
Dumb@ss sighting!
That rag is just one anti Trump article after another. Total garbage, even compared to CNN
So what is the DOW going to do tomorrow?
Where will it be at the end of the week?
Alfie wrote:
So what is the DOW going to do tomorrow?
Where will it be at the end of the week?
If we knew that for sure then we'd already be billionaires. Someone mentioned there's never been a "pandemic recession" and we don't have much to go on historically. Maybe 9-11? When the virus passes and people go back to work then the market is going to rocket so hard that I'd be willing to say we'll be back to ATH by this time next year. But I don't see how this won't cause at least a mild recession in the meantime. And when sh!thole companies that should have gone bankrupt years ago finally get put out to pasture then we'll probably be better off in the long run anyways, not to mention it'll clear the road for some new ideas and new faces.
watch the futures. No one knows.
Why would there be any anti-trump articles anywhere?
highhoppingworm wrote:
It was not fair of me to insult you like that. I simply don’t agree with your consistently pessimistic view of the economy. I will say, your optimistic view of humanity surprised me. Can I adjust but job to neutral opinion?
highhoppingworm,
I really don’t see my view as pessimistic, more realistic. I was not really offended by your characterization. I spent 19 years as a college track coach and teacher; my last 11 in a predominantly Latino community. If you knew me better you would not be surprised.
At this point my view on the economy is looking more mainstream . That is, this is far less a Covid-19 issue, and more a global economy propped up by easy money, creating instability throughout the system. No margin for error. No cushion for exogenous events.
It would be interesting to review this comment in a year.
Igy
early reads on the futures show another 4% drop at the open.
But that's not officially from public trades so it's just one clue, not a full picture.
Insane volatility here. 1000 points, 2000 points each way.
I am going to do some large selling Monday...that is a change in plan. I need to go into wealth preservation mode rather than growth mode. I had a great 11 year run...I'll take that and be happy.
And that's the buy and hold I've never sold when down like this.
Imagine thinking a tiny little virus could possibly stop the greatest economy on earth with an unlimited supply of monopoly money
highhoppingworm wrote:
I lurk on this thread and frequently agree with your commentary but what a pile of horse crap dude.
I also intimately know a number of people with net worths that start with a B. In more than one case upper single and double digit Bs. These folks absolutely care about the equity market. Moreover they are not soulless automatons. They do care about humanity and generally try to make financially rational AND ethical decisions. This may not be universally true across the billionaire class but you are fraudulently representing a very complicated subject.
That said, I do typically agree with your market commentary and think ghost is a bit of a nut job.
Hi worm,
Hmmm, something must have gotten lost in translation, I never said anything about soulless automatons...nor was I talking about stateside business/family business B’s, of which I also know (peripherally) a few. One stateside person/family Is different, very different, and is not concerned with equity prices. Ditto others who have nothing to do with the US except through oil, banking, and sovereign wealth. There are roots that go much deeper than a bunch of MSFT or TSLA or AMZN stock.
Sorry, don’t know how I once again managed to create the wrong impression. I never meant to imply that they were amoral or evil, only that they have both broad and deep mechanisms of control. And yes, certain US gov’t offices are very, very powerful.
Growing at the rate of inflation after all that money printing. Just imagine....
agip wrote:
early reads on the futures show another 4% drop at the open.
But that's not officially from public trades so it's just one clue, not a full picture.
Insane volatility here. 1000 points, 2000 points each way.
I am going to do some large selling Monday...that is a change in plan. I need to go into wealth preservation mode rather than growth mode. I had a great 11 year run...I'll take that and be happy.
And that's the buy and hold I've never sold when down like this.
ok well with this fed move to make interest rates zero the fake futures just rose 800 dow points and now they are down just 1%.
It's a recession and it started already, no doubt.
Not sure how helpful an interest rate cut will be though .
Ghost of Igloi wrote:
Growing at the rate of inflation after all that money printing. Just imagine....
idk Igy I guess people kinda realize that propping up the totally fake market is a better alternative to what would be the Greatest Depression. Sorry about your bear thesis but it's the equivalent of expecting a foreign invasion on US soil and the army just shrugging their shoulders saying "well it was time for a change anyways."
agip wrote:
agip wrote:
early reads on the futures show another 4% drop at the open.
But that's not officially from public trades so it's just one clue, not a full picture.
Insane volatility here. 1000 points, 2000 points each way.
I am going to do some large selling Monday...that is a change in plan. I need to go into wealth preservation mode rather than growth mode. I had a great 11 year run...I'll take that and be happy.
And that's the buy and hold I've never sold when down like this.
ok well with this fed move to make interest rates zero the fake futures just rose 800 dow points and now they are down just 1%.
It's a recession and it started already, no doubt.
Not sure how helpful an interest rate cut will be though .
it's helicopter money time. Fed will buy a trillion dollars of bonds.
buy gold.
agip wrote:
agip wrote:
ok well with this fed move to make interest rates zero the fake futures just rose 800 dow points and now they are down just 1%.
It's a recession and it started already, no doubt.
Not sure how helpful an interest rate cut will be though .
it's helicopter money time. Fed will buy a trillion dollars of bonds.
buy gold.
With the price of oil about to free? No thanks, I'll take the cash falling out of the sky
Wild. Cut to 0. They should have waited, no? Last one was ill-timed.
Why not wait till later when they have more effect? "I'm demoting you unless you make a move now". "Ok, rates cut to 0". Wow.
An applied mathematician who works at Merck told me to plan on staying inside for the whole month of April, at least. IDK what is going to happen this week, but we are in for at least 6 more weeks of pain.
Last night I talked to a college kid who is going to Fort Lauderdale for spring break. This should go a long way to speed things up a bit.
my guess is the market will continue to descend until agip,p, bad wigs and others are no longer guessing where the virus will take us because it will be clear. at that time, the market will take stock of exactly where the economy is and react accordingly...
but then i'm just a guesser who thinks the stock market is just gambling... what's that line from rounders? 'if after 30 minutes you can't figure out who the loser at the table is, it's you.' ...or something like that.