This has to make the morons on the left sad.![]()
Earl, the market is anticipating a rosy recovery, but if that doesn't happen, look out.
Earl. Did you buy anything on March 23rd? No. No you didn't. You sat there sucking your thumb. (snaking head)
The overall market is still about 12% off it's highs.
From Jan 2018, my portfolio has seen ZERO growth. If it wasn't for dividends I would have lost money. Yes, it's bounced back but it isn't going to be hitting any new highs this year or next. At this point the bounce is an optimism bounce. Reality will start to set in next earnings season.
Booming economy? The restaurant and hotel business isn't going to be booming any time soon.
Airlines are going to be not booming for years.
All of this will trickle down.
The good news is, people like you are now making me money as I can bet against your optimism.
So, you have no proof.
Post proof, with links, that I did not buy anything on any date, Jacky.
I'll wait...
Then, take a hike, Jacky.
Does anybody raise Taxes to pay for this, or do we rely on massive inflation to solve the Problem?
Is there a point to this moronic screed? If you had bought on March 23rd, you would have seen a 38% gain you willful idiot.
SMART people would have been BUYING on March 23rd. Morons like you would have been selling.
March 23rd DOW = 18,591
Right now DOW = 25,727
WOW.
So that means since the tax cut started on 1/2/18, the DJIA has grown a mere 800 points in about 29 months, which is the worst growth since the Great Recession.
I'm old enough to remember when the promises made of the tax cut were that it would send the DJIA into the stratosphere...which it didn't really even do prior to COVID.
This means quite a lot to the 41 Million people who are now Unemployed![]()
The stock market is not the economy. It's ups and downs should show they have been decoupled for years. It does indicate that the wealthy are making big bucks off the crisis.
Indeed...like PoliTalker...and Jacky.
Yes. That was the point.
(Earl sat there with his mouth open, as the flies flew in and out)
And you know this how? I don't think you can post without lying or looking like a moron and dickhead.
heheheheh ...
How's Florida? (insert massive Boner emoji here)
The recovering economy means a great deal to all Americans except the far left loons in the Democrat party (almost all of them are far left loons now).
It means jobs returning, food on the table for Americans and their families.
The harm to our economy and economies around the world was caused by the virus from China that China failed to contain.
How typical for the Democrats to blame the president instead of the Communist Chinese Government.
They are now the "useful CCP idiots."
--->"QQQ is one of the best established and most traded ETFs in the world. It's also one of the most unusual. Per the rules of its index, the fund only invests in nonfinancial stocks listed on NASDAQ, and effectively ignores other sectors too, causing it to skew massively away from a broad-based large-cap portfolio. QQQ has huge tech exposure, but it is not a 'tech fund' in the pure sense either. The fund's arcane weighting rules further distance it from anything close to plain vanilla large-cap or pure-play tech coverage. The ETF is much more concentrated in its top holdings and is more volatile than our vanilla large-cap benchmark. Still, it is extremely large and liquid, and has huge name recognition for the underlying index, the NASDAQ-100. In all, QQQ delivers a quirky but wildly popular mash-up of tech, growth and large-cap exposure."
(shaking head) You were sucking your thumb, hiding under the bed, curled up in the fetal position, sobbing, whimpering for your Mommy. (Sad)
The economy will slowly recover, but it won't be back to its January GDP for at least a year and more likely 2. That is a harsh reality.
If you truly feel the economy will be back to where it was in the next 2 months, I would suggest you buy Disney. They just announced they will be reopening Disneyworld in July. The Chinese Disney has already opened. The stock is currently 22% off its January high. At its current price it is a steal if they will be completely recovered in 2 months. Disney movies can flood crowded movie theaters. The parks will be packed with little kids eager to see Goofy.
Meanwhile those of us who live in reality know that the current price is probably too high. Disney in China is open with restrictions that only allow 30% of visitors per day. It will likely be the same restrictions in Disneyworld announced by the CEO today.
But do buy Disney. It is the perfect buying opportunity for that full recovery you think is going to happen.
You have no clue as to the economy tomorrow, let alone in January, Snowflake.