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re: Dow will be at 30,000 by early summer

Posted on 5/2/20 at 11:49 pm to
Posted by Hussss
Helena, AL
Member since Oct 2016
7673 posts
Posted on 5/2/20 at 11:49 pm to
There is a huge difference between money and currency. The matrix has people blinded to this fact.

Money is a store of value. Your time and freedom are stored here.
Currency is a medium of exchange that constantly leaks its value as inflation eats it away.
Posted by AMS
Member since Apr 2016
6533 posts
Posted on 5/3/20 at 12:11 am to
quote:

The matrix has people blinded to this fact


Lay off the DMT.
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
135033 posts
Posted on 5/3/20 at 2:46 am to
quote:

The thing is the folks going unemployed aren’t the significant players or movers of the market.
Actually they are though.

Perhaps not in stock transactions per se. But they are the consumers driving corporate earnings, and earnings are obviously a foundational market driver.

Meanwhile, the 1% did not attain 1% status through financially imprudence. Without employed consumers to drive earnings, the 1% won't be transacting anywhere near old pricepoints. Prices will fall.
This post was edited on 5/3/20 at 6:59 am
Posted by hikingfan
Member since Jun 2013
1754 posts
Posted on 5/25/20 at 11:11 pm to
Maybe 30K by summer may not happen, but surely by the end of the year we will be there.

Have you seen the Dow Jones futures for tomorrow? We gonna open +400 points y'all.

Posted by tirebiter
7K R&G chile land aka SF
Member since Oct 2006
10689 posts
Posted on 5/25/20 at 11:52 pm to
You remember asking about where the 100k deaths were when you started this thread? Futures have been known to be false positive when the real market action occurs as well.
This post was edited on 5/25/20 at 11:54 pm
Posted by PinevilleTiger
Pineville, LA
Member since Sep 2005
6344 posts
Posted on 5/26/20 at 12:40 am to
If Biden wins in November, you’ll see Dow 10,000 by 12-31-20.
Posted by bayoumuscle21
St. George
Member since Jan 2012
4977 posts
Posted on 5/26/20 at 2:56 am to
quote:

If Biden wins in November, you’ll see Dow 10,000 by 12-31-20.


Biden: Who is Dow? What's in November?
Posted by fishfighter
RIP
Member since Apr 2008
40026 posts
Posted on 5/26/20 at 6:14 am to
quote:

Have you seen the Dow Jones futures for tomorrow? We gonna open +400 points y'all.


But why? Still don't have a idea as to why the markets are going up. Yep, I been keeping my funds in cash.
Posted by FLObserver
Jacksonville
Member since Nov 2005
15715 posts
Posted on 5/26/20 at 6:22 am to
quote:

But why? Still don't have a idea as to why the markets are going up. Yep, I been keeping my funds in cash.


Sorry to tell you Bud but you done missed out on alot more cash by doing this
Posted by fishfighter
RIP
Member since Apr 2008
40026 posts
Posted on 5/26/20 at 8:06 am to
I'm good with that. Been retired 11 years now.
Posted by Shepherd88
Member since Dec 2013
4873 posts
Posted on 5/26/20 at 8:12 am to
Inflation is eventually going to eat you alive haha
Posted by crazycubes
Member since Jan 2016
5256 posts
Posted on 5/26/20 at 8:52 am to
quote:

Inflation is eventually going to eat you alive
impossible , J-Pow and his infinite money printer (brrrrr) told me and all the other peasants that we were deflating
Posted by stout
Porte du Lafitte
Member since Sep 2006
178973 posts
Posted on 5/26/20 at 9:11 am to
quote:

Dow will be at 30,000 by early summer


Maybe but I am skeptical that when the true numbers of how damaging the shut down was to businesses, landlords, homeowners, etc there will be a second dip. We are only where we are now because of the "money printers" running non-stop.
Posted by cwill
Member since Jan 2005
54755 posts
Posted on 5/26/20 at 9:59 am to
quote:

We are only where we are now because of the "money printers" running non-stop.


That's it, nothing more.
Posted by LSURussian
Member since Feb 2005
133395 posts
Posted on 5/26/20 at 11:32 am to
quote:

We are only where we are now because of the "money printers" running non-stop.



That's it, nothing more.
And only you and a couple of other Money Board Posters are the ONLY investors in the world who know that?
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11817 posts
Posted on 5/26/20 at 12:24 pm to
quote:

If Biden wins in November, you’ll see Dow 10,000 by 12-31-20.


The drawdown actually could be the healthiest thing for the markets moving forward. You would have trillions in new stimulus flow through from the fiscal side and that money will be used for consumption. So you'd have more attractive valuations and a stimulus tailwind that could drive markets back to ATHs.
Posted by DownshiftAndFloorIt
Here
Member since Jan 2011
70818 posts
Posted on 5/26/20 at 12:50 pm to
As a monetary simpleton who doesnt claim to know shite, I thought the money printer was the reason as well? The experts think otherwise?
Posted by cwill
Member since Jan 2005
54755 posts
Posted on 5/26/20 at 12:55 pm to
quote:

And only you and a couple of other Money Board Posters are the ONLY investors in the world who know that?


You tell me what's going on...how does anything the market is doing (outside of a few stocks that benefited from the "stay at home" orders) make sense without this massive fed intervention? Massive unemployment, worldwide demand collapse...I'm not saying you can't make money in the market considering what the fed is doing, but it is a market that seems almost completely disconnected from reality.
Posted by TigerDeBaiter
Member since Dec 2010
10623 posts
Posted on 5/26/20 at 1:38 pm to
This is oversimplifying, but i think the basic idea is this:

The economy was great before.

This is temporary.

The market is forward looking.

The speed of recovery seems to be improving daily.

We erred on the side of caution monetarily and there is going to be a lot of cash to spend in the next couple quarters.

Oh, and the mortality rate ended up being drastically better than initially predicted, ESPECIALLY among the “non-vulnerable”
Posted by LSURussian
Member since Feb 2005
133395 posts
Posted on 5/26/20 at 2:03 pm to
quote:

but it is a market that seems almost completely disconnected from reality.
What is "reality" today is not going to be reality 6 months from today.

I believe most investors look ahead when they decide to buy (or sell) stocks.

As hockey great Wayne Gretzby famously said, "I skate to where the puck is going to be, not to where it is."

Everyone knows Q2 earnings are going to be bad relative to last year's Q2. No question about it. And that is already taken into consideration.

But Q3 and beyond is going to be something to behold as this virus pandemic gets smaller in the rear-view mirror.
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