Jerome (05-15-2020), Phantasmal (05-15-2020)
- To all you folks out there carrying on about #fakecrisis; It's actually a MIS-HANDLED SITUATION that has developed into a crisis, courtesy by the clowns currently in the White House that many of you folks voted for! Deal with it.
- Ask yourself...if the majority of America is technically unemployed now, and service oriented business have near zero customers, how the hell is Wall St. doing so well? WAKE THE HELL UP, PEOPLE!
During times of universal deceit, telling the truth becomes a revolutionary act.
George Orwell
Jerome (05-15-2020), Phantasmal (05-15-2020)
Wall St is doing so well because of:
1) The Fed
2) People are betting on a sharp recovery when the country does open back up
3) The top stocks, Amazon, Microsoft, Facebook & Google are absolutely crushing it right now
Geeko Sportivo (05-25-2020), Life is Golden (05-16-2020), PostmodernProphet (05-17-2020)
When Inflation hits the world, it's better to be an Owner of the Production Means.
During times of universal deceit, telling the truth becomes a revolutionary act.
George Orwell
Phantasmal (05-15-2020)
Jerome (05-15-2020), Phantasmal (05-15-2020)
The stock market is not the economy. Look at the past decade as just one example where we've had the worst economic recovery since the Great Depression yet the Dow boomed. But too many people mistakenly look at the Dow and think that determines whether the economy is good or bad. And for too long the Fed has worried about the stock market over the economy when making decisions.
(I do appreciate your Libertarian-esque bagging on the Fed. I'm not sure why there isn't more bi-partisanship on that front.)
The sad and funny (not funny 'haha', but funny 'odd') is that Blue Team is the most ardent supporter of importing Third World Labor to replace the American Worker. Somehow, some way, Blue Team thinks the welfare of some guy from Bangladesh is more important than the welfare of the American Worker next door.
I am no investment guru or market expert so take what I say with an extremely large grain of salt. I think there is a definite element of FOMO at play here. The market dove, the Fed came to the rescue and people were afraid to be left on the sidelines so they dove back in. As long as the Fed keeps priming the pump it's hard to step away.
Jack (05-15-2020)
During times of universal deceit, telling the truth becomes a revolutionary act.
George Orwell
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