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Started By
Message
Stock market up over 700 points presently
Posted on 3/26/20 at 9:25 am
Posted on 3/26/20 at 9:25 am
So the 3.3 million filing for unemployment didn't send the market into a nose dive like the left had hoped. I thought that number was suppose to offset the "good news" of the stimulus passing in the Senate. There's a lot of somebodys out there that don't know dick even though they profess to.
9
Posted on 3/26/20 at 9:25 am to Homesick Tiger
a lot of unemployed people are gonna make more money now over the next few months than if they had kept working, so of course the market likes high unemployment numbers.
Posted on 3/26/20 at 9:26 am to Homesick Tiger
Don’t trust the market this early. Lots of people buy in trying to time the bottom.
Posted on 3/26/20 at 9:27 am to StringedInstruments
Let it ride. It's gonna do what it do.
Posted on 3/26/20 at 9:27 am to Homesick Tiger
I went long on Tuesday morning (as I stated yesterday), this was baked into the cake. I wouldn't be surprised by a 2-3 week relief rally.
Of course, the printing press has something to do with it i.e. trillions. Even though I am long, depression and possible system reset are still on the table, if not likely, imo.
Why do you think the Fed is using the Zimbabwe money printing machine? Heck, it doesn't even print anymore, it just puts more zeros in a spreadsheet.
Of course, the printing press has something to do with it i.e. trillions. Even though I am long, depression and possible system reset are still on the table, if not likely, imo.
Why do you think the Fed is using the Zimbabwe money printing machine? Heck, it doesn't even print anymore, it just puts more zeros in a spreadsheet.
This post was edited on 3/26/20 at 9:31 am
Posted on 3/26/20 at 9:28 am to Homesick Tiger
Let's see how long that lasts
Posted on 3/26/20 at 9:32 am to Homesick Tiger
Yea, but our country went trillions of dollars in debt.
Posted on 3/26/20 at 9:35 am to Man With A Plan
quote:
Let's see how long that lasts
Point is it didn't tank when the 3.3 million was announced. You know the way it dropped four hundred points the morning of 11/9/16 just because the name of one man.
Posted on 3/26/20 at 9:36 am to Homesick Tiger
It's amazing what half a trillion will get you.
Posted on 3/26/20 at 9:38 am to Homesick Tiger
Are the Dems going to put in anymore poison pills in the final bill?
Posted on 3/26/20 at 9:41 am to L1C4
(no message)
This post was edited on 9/30/20 at 3:58 pm
Posted on 3/26/20 at 9:42 am to Homesick Tiger
quote:
So the 3.3 million filing for unemployment didn't send the market into a nose dive like the left had hoped. I thought that number was suppose to offset the "good news" of the stimulus passing in the Senate. There's a lot of somebodys out there that don't know dick even though they profess to.
I hope the worst is behind us.....I'm not convinced. I think the market is going to bounce around in a range from 17-18k up to 22-23k. Until we see millions of people returning to work, until life begins to normalize, a whip sawing market is what we'll have.
Posted on 3/26/20 at 9:50 am to Red Grange
quote:
Bear market rally
Yup. The fun is only beginning. The Fed will have to become the central government like in the USSR, pick winners and losers.
quote:
The Cheesecake Factory chain announces it cannot make rent payments for any of its restaurants
quote:
he California-based company with 38,000 employees cited the “unprecedented and rapidly evolving” situation with the global pandemic for the impact on its business as the eatery has been forced to close some locations. Others have turned to only offering takeout due to government restrictions put in place to help stem the spread of the virus, which has claimed the lives of over 1,000 people in the U.S.
LINK
Posted on 3/26/20 at 10:00 am to Homesick Tiger
quote:
So the 3.3 million filing for unemployment didn't send the market into a nose dive like the left had hoped. I thought that number was suppose to offset the "good news" of the stimulus passing in the Senate. There's a lot of somebodys out there that don't know dick even though they profess to.
I'd say it offsets the welfare, I mean stimulus, bill. The unemployment numbers are going to go up considering what's happening with the shutdown...wage workers are hitting the bricks pal.
Posted on 3/26/20 at 10:16 am to GeauxFightingTigers1
quote:
The Cheesecake Factory chain announces it cannot make rent payments for any of its restaurants
Their trouble started when Vince Young couldn't keep an NFL QB job.
Posted on 3/26/20 at 1:46 pm to Quidam65
Still long, could see this going to 2700-2900 SP500, but keeping my stops close. Oil is going to go below $13 if major producers don't significant cut... meaning 50%+, I would not be surprised by sub $5 a barrel, if they continue to crank out production.
A good portion of US producers (smaller, shale, etc) are going to go BK.
A good portion of US producers (smaller, shale, etc) are going to go BK.
This post was edited on 3/26/20 at 1:50 pm
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