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Thread: Dow 26,000?

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    Default Dow 26,000?

    WTF!

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    Quote Originally Posted by Jack View Post
    WTF!
    Which proves it is not a true economic indicator. While small business and people suffer, large corporations are doing fine.

    In a newly released interview, New York Stock ExchangePresident Stacey Cunningham acknowledged that the resilient stock market does not reflect the condition of the economy, since relatively robust sectors like health care and tech make up a large portion of major indexes like the S&P 500 (^GSPC).May 7, 2020

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    26000 dow and 20% UE.

    Tell me how that will work in the elections.
    Russian trolls and their supporters go on Ignore, automatically: no second chance.


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    Quote Originally Posted by jimmymccready View Post
    26000 dow and 20% UE.

    Tell me how that will work in the elections.
    It's baffling.
    I think the 're-opening' has a lot to do with it.
    Along with a hope for a Vaccine.

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    I think that the phase irrational exuberance, describes what is going in the markets.

    Why the disconnect between stocks and the economy is worrying
    Julia Horowitz byline


    "The fundamental problem is market psychology and whether the narrative shifts from the summer of hope to the summer of discontent, where first consumers and then investors become jaded by a post Covid-19 hangover compounded by a White House running out of options on all front[s], be it domestic or foreign policy," Stephen Innes, chief global markets strategist at AxiCorp, told clients Wednesday.

    https://www.cnn.com/2020/06/03/inves...ing/index.html

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    Quote Originally Posted by Trumpet View Post
    I think that the phase irrational exuberance, describes what is going in the markets.

    Why the disconnect between stocks and the economy is worrying
    Julia Horowitz byline


    "The fundamental problem is market psychology and whether the narrative shifts from the summer of hope to the summer of discontent, where first consumers and then investors become jaded by a post Covid-19 hangover compounded by a White House running out of options on all front[s], be it domestic or foreign policy," Stephen Innes, chief global markets strategist at AxiCorp, told clients Wednesday.

    https://www.cnn.com/2020/06/03/inves...ing/index.html
    Re-building after the Trump Riots is something to consider.

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    Quote Originally Posted by Jack View Post
    WTF!
    Shows who benefited from the pandemic stimulus packages

    As “phantasmal” said, on its own, the Market is not a good indicator, and when used, is best measured over time, today if it shows anything it is how volatile the Market is day to day

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    Quote Originally Posted by archives View Post
    Shows who benefited from the pandemic stimulus packages

    As “phantasmal” said, on its own, the Market is not a good indicator, and when used, is best measured over time, today if it shows anything it is how volatile the Market is day to day
    I believe it's a reflection of how the Ownership Class views the Future of Production and Consumption.

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    Default

    OK. Way over 26,000. (now I'm beginning to think in 'conspiracy' mode)

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    Default

    26,270.

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    Quote Originally Posted by Jack View Post
    It's baffling.
    I think the 're-opening' has a lot to do with it.
    Along with a hope for a Vaccine.
    A fools hope. And we all know what to say about fools and their money.
    WATERMARK, GREATEST OF THE TRINITY, ON CHIK-FIL-A
    Quote Originally Posted by Sigmund Freud View Post
    The fields of mediocre chicken sandwiches shall be sowed with salt, so that nothing may ever grow there again.
    www.gunsbeerfreedom.blogspot.com

    www.gunsbeerfreedom.blogspot.com

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    Quote Originally Posted by jimmymccready View Post
    26000 dow and 20% UE.

    Tell me how that will work in the elections.
    What's it matter? You can't vote yourself prosperity or a job.
    WATERMARK, GREATEST OF THE TRINITY, ON CHIK-FIL-A
    Quote Originally Posted by Sigmund Freud View Post
    The fields of mediocre chicken sandwiches shall be sowed with salt, so that nothing may ever grow there again.
    www.gunsbeerfreedom.blogspot.com

    www.gunsbeerfreedom.blogspot.com

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    Quote Originally Posted by Jack View Post
    It's baffling.
    I think the 're-opening' has a lot to do with it.
    Along with a hope for a Vaccine.
    People are betting on a "v shaped" recovery. They understand that the economy is artificially deflated.
    Excellence is an art won by training and habituation. We do not act rightly because we have virtue or excellence, but rather we have those because we have acted rightly. We are what we repeatedly do. Excellence, then, is not an act but a habit.
    - -- Aristotle

    Believe nothing on the faith of traditions, even though they have been held in honor for many generations and in diverse places. Do not believe a thing because many people speak of it. Do not believe on the faith of the sages of the past. Do not believe what you yourself have imagined, persuading yourself that a God inspires you. Believe nothing on the sole authority of your masters and priests. After examination, believe what you yourself have tested and found to be reasonable, and conform your conduct thereto.
    - -- The Buddha

    It is the mark of an educated mind to be able to entertain a thought without accepting it.
    - -- Aristotle

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    Quote Originally Posted by I<3Big Anime Tiddies View Post
    A fools hope. And we all know what to say about fools and their money.
    People are talking about 27,000.

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    Quote Originally Posted by Damocles View Post
    People are betting on a "v shaped" recovery. They understand that the economy is artificially deflated.
    Riots in the Streets, Coronavirus everywhere, Depression-era unemployment.
    I have no explanation. (well, I have some conspiracy theories)

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