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re: Why are people “angry” that the Dow is up this morning? Some examples from twitter
Posted on 5/8/20 at 9:43 am to HailHailtoMichigan!
Posted on 5/8/20 at 9:43 am to HailHailtoMichigan!
The markets are expecting USA to go back to work and they want in prior to the run up to make millions.!
It's not that hard
It's not that hard
0
Posted on 5/8/20 at 9:44 am to Big4SALTbro
quote:
Well those people aren’t very smart. You clearly have a much better chance of getting a job in a rising economy than a crashing one no matter if it’s a white collar or blue collar job.
Sure, but he asked why people are "angry".
It's because they have a difficult time reconciling how this situation isn't affecting everyone poorly. 4M filed unemployment claims for the first time this week and the stock market goes up 2 percent - it's perceptually incongruous
Posted on 5/8/20 at 9:45 am to HailHailtoMichigan!
These idiots are too dumb to realize the markets are trending up because investors believe the “pandemic” is winding down
Posted on 5/8/20 at 9:45 am to CAD703X
quote:
trump caused 15% unemployemnet! worst presssident evah!!!
Last night MSDNC’s Chrissy Hayes used a full backdrop behind him with Trump’s face on his Dim Resistance show, the backdrop read,
OVER 70,000 DEAD OVER 30 MILLION JOBS LOST TO COVID19
This is the BS Dim viewers see and that becomes their on demand anti Trump talking points.
Posted on 5/8/20 at 9:46 am to joshnorris14
The lefties I know are starting to use the term "overbought". Get ready to be bashed over the head with it.
Posted on 5/8/20 at 9:46 am to HailHailtoMichigan!
They don’t understand that unemployment right now is the result of outside factors, not economic strength. That and their viewpoint is based on how things “feel” and not true data.
As usual, it goes back to not having a basic understanding of economics and finance. Not unexpected, since roughly 85% of the public is clueless about it as well.
As usual, it goes back to not having a basic understanding of economics and finance. Not unexpected, since roughly 85% of the public is clueless about it as well.
Posted on 5/8/20 at 9:47 am to HailHailtoMichigan!
quote:
I, for one, think it's time to put down Monopoly, and start playing Life.
You know whoever wrote this, took a sip of coffee and thought “yeah that’s deep”
Posted on 5/8/20 at 9:47 am to HailHailtoMichigan!
quote:
this is beginning to look like massive market manipulation.
And shutting down the entire economy for a hyped version of the flu wasn't?
Posted on 5/8/20 at 9:48 am to HailHailtoMichigan!
Pretty simple. I talked to my friend at the Federal Reserve about this two days ago.
In 2008 the rich along with poor were losing jobs. For this crash it's the poor losing jobs and not the rich. Incomes are actually UP during this recession.
There will be an increase in people living in poverty and an increase in income for wealthier people for this crash.
My income has GROWN during this pandemic
In 2008 the rich along with poor were losing jobs. For this crash it's the poor losing jobs and not the rich. Incomes are actually UP during this recession.
There will be an increase in people living in poverty and an increase in income for wealthier people for this crash.
My income has GROWN during this pandemic
Posted on 5/8/20 at 9:49 am to HailHailtoMichigan!
Gonna go out on a limb and say that the Twitter sky screamers don’t have a lot of money tied up in the market.
Posted on 5/8/20 at 9:51 am to uppermidwestbama
Also I’d add that the market likes certainty and dislikes uncertainty- the further we get into this the better we understand and can project forward.
Posted on 5/8/20 at 9:56 am to HailHailtoMichigan!
Because I believe the dow understand the country is opening back up and these unemployment numbers will not last.
Posted on 5/8/20 at 9:56 am to HailHailtoMichigan!
They either don’t have a 401k or can’t make the connection between Dow/wallstreet/401k
Posted on 5/8/20 at 9:57 am to HailHailtoMichigan!
The Filth have been telling everyone for three years they wanted this to happen to hurt Trump and his supporters.
Posters on this board mocked people who were losing during the crash a few weeks ago.
Why can't you figure this out?
These people are fricking evil.
Posters on this board mocked people who were losing during the crash a few weeks ago.
Why can't you figure this out?
These people are fricking evil.
Posted on 5/8/20 at 9:58 am to HailHailtoMichigan!
quote:
When the markets no longer reflect reality, you are playing Monopoly.
No different than what our Congress is doing with the money printer.
This post was edited on 5/8/20 at 10:00 am
Posted on 5/8/20 at 10:00 am to HailHailtoMichigan!
They're angry because they don't know what nominal vs real returns means.
Posted on 5/8/20 at 10:02 am to joshnorris14
quote:
and see that "we're not in this together" no matter how many times they see a commercial saying that we are
I don't think we're in this together, mainly because I don't believe these self-absorbed, self-important celebrities and politicians have a clue what happens in our world.
BUT that doesn't mean I want the market to collapse along with the rest of the economy.
Posted on 5/8/20 at 10:04 am to joshnorris14
quote:
People on Main Street are anxious and struggling to afford their living expenses and worried about reports of potential food shortages and they see another green day for the stock market and see that "we're not in this together" no matter how many times they see a commercial saying that we are
Uhhhhhh....if you have put money in the stock market, a Green Day on Wall Street is a good thing for you. No matter if it’s Main Street or fricking 5th Avenue.
Posted on 5/8/20 at 10:11 am to HailHailtoMichigan!
quote:
Wall Street is not this clueless, something is not right here.
I agree with this statement.
Posted on 5/8/20 at 10:13 am to HailHailtoMichigan!
The left is disappointed. They are vermin.
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