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Started By
Message
The stock market is higher now than what it was pre-COVID.
Posted on 9/27/22 at 6:30 pm
Posted on 9/27/22 at 6:30 pm
What’s the real story here?
5
Posted on 9/27/22 at 6:40 pm to Sorrento Muddbugs
Money printing
Posted on 9/27/22 at 6:58 pm to Sorrento Muddbugs
Cause our dollar is now worth 60 cents
Posted on 9/27/22 at 7:00 pm to Sorrento Muddbugs
No it isn't. The DOW dropped below 29,000 today. We were above 29,000 before Covid hit.
Posted on 9/27/22 at 7:01 pm to Sorrento Muddbugs
Stimmy checks, PPP, rent forbearance, student loan pauses, etc. put a frickTON of disposable cash into the market so people bought lots of goods.
We're actually down to near the pre-COVID highs now and look to be heading much lower over the next few months.
We're actually down to near the pre-COVID highs now and look to be heading much lower over the next few months.
Posted on 9/27/22 at 7:38 pm to Billzbobo
29,388 compared to 29,135. I'm one day late, fine. But I still was wondering what people thought about the about where we are now versus back then.
Posted on 9/27/22 at 8:59 pm to Sorrento Muddbugs
(no message)
This post was edited on 2/2/24 at 8:15 am
Posted on 9/27/22 at 9:19 pm to Chad504boy
quote:
Cause our dollar is now worth 60 cents
Not in other countries baw. Dollar is at historical highs agains virtually every other currency.
Posted on 9/27/22 at 9:52 pm to Sorrento Muddbugs
Because we have been in a bubble for quite some time. Corporations and people have been living on credit and government handouts.
Once the government can no longer hand out either the house of cards will collapse.
Once the government can no longer hand out either the house of cards will collapse.
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