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Thread: The Dow Jones Industrial Average (DJIA) finished up 2.2% at around 25,548 on Wednesda

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    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.

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    Quote Originally Posted by Nordberg View Post
    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.
    Wrong.

    What Percentage of Americans Owns Stock? - Gallup Poll
    news.gallup.com › poll › percentage-americans-owns-stock
    Sep 13, 2019 - Learn what percentage of Americans invests in the stock market in this short answer from Gallup. ... Gallup found 55% of Americans reporting they own stock in April ... in mutual funds or retirement savings accounts, like a 401(k) or IRA. ... stock ownership and Americans' views of the best type of investment.

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    Quote Originally Posted by Jack View Post
    Earl. Did you buy anything on March 23rd? No. No you didn't. You sat there sucking your thumb. (snaking head)
    Post proof, with links, that I did not buy anything on any date, Jacky.

    I'll wait...

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    Quote Originally Posted by Bourbon View Post
    This means quite a lot to the 41 Million people who are now Unemployed
    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."

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    Quote Originally Posted by Poor Richard Saunders View Post
    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.

    Tesla announced they are reducing car prices to try to incentivize sales.
    Boeing is planning to layoff tens of thousands.
    There isn't going to be this great boom. We will be hurting for the next couple of years.

    The good news is, people like you are now making me money as I can bet against your optimism.
    Take a hike, CCP useful idiot.

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    Quote Originally Posted by Earl View Post
    Post proof, with links, that I did not buy anything on any date, Jacky.

    I'll wait...
    Earl. You sat there, sucking your thumb, whimpering like a little girl.
    Jacky, on the other hand, backed the truck up and loaded up on the Triple Q @ $168.21/sh.
    Now. This is what I want you to do.
    Go into the bathroom. Look in the mirror. Then, punch yourself in the face as hard as you can.
    After you recover. And with an ice pack on your face. I want you to describe, in detail, the excruciating pain you leveled upon yourself for being a Snowflake.
    Remember, don't leave out any of the details, I want to hear every delicious bit of pain you suffered!

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    Quote Originally Posted by Earl View Post
    MarketWatch
    The Dow just punched above an important line in the sand that may signal that a record high is next
    Mark DeCambre
    11 hrs ago


    "The Dow closed above a key technical level that is viewed by market technicians as signal that a new bullish trend may be at hand.

    The Dow Jones Industrial Average (DJIA) finished up 2.2% at around 25,548 on Wednesday, with the market buoyed by optimism around business reopenings after being locked down for the past several weeks due to efforts to curb the spread of the COVID-19 pandemic.

    The Dow’s rally on Wednesday afternoon represents a steady move toward retracing 61.8% of the 124-year old benchmark’s coronavirus selloff from its record high in February to a low late March.

    The blue-chip benchmark’s finish at 25,364.89 on Wednesday, signals to market technicians that a new trend has been established and that the next move for the Dow may be eclipsing its record high put in on Feb. 12 at 29,551.42 (see attached chart).

    “The breakout supports a full 100% retracement of the downdraft, so targets February’s high, and the same will apply for the [Dow industrials],” Katie Stockton, market technician and founder of Fairlead Strategies, told MarketWatch of the Dow’s retracement, while also referencing the S&P 500’s retracement, which was decisively cleared last week.

    Indeed, the S&P 500 (SPX) and the Nasdaq Composite (COMP) indexes have both retraced at least 61.8% of their declines between February and March due to the economic impact of the coronavirus pandemic. The S&P 500’s 61.8% retracement was at 2,947.33 and it is now headed for its first close above its 200-day moving average above 3,000, also viewed by technical analysts as a bullish sign of momentum in an asset."

    marketwatch.com
    This has to make the morons on the left sad.
    "When government fears the people, there is liberty. When the people fear the government, there is tyranny."


    A lie doesn't become the truth, wrong doesn't become right, and evil doesn't become good just because it is accepted by a majority.
    Author: Booker T. Washington



    Quote Originally Posted by Nomad View Post
    Unless you just can't stand the idea of "ni**ers" teaching white kids.


    Quote Originally Posted by AProudLefty View Post
    Address the topic, not other posters.

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    Quote Originally Posted by Jack View Post
    Sooooooo ... does this mean Trump keeps printing money to send to the Worker Drones as they lay around all day smoking weed and watching cartoons?
    Funny how you hypocrite leftist hacks never cared about all the money Obama printed. STFU, seriously.
    "When government fears the people, there is liberty. When the people fear the government, there is tyranny."


    A lie doesn't become the truth, wrong doesn't become right, and evil doesn't become good just because it is accepted by a majority.
    Author: Booker T. Washington



    Quote Originally Posted by Nomad View Post
    Unless you just can't stand the idea of "ni**ers" teaching white kids.


    Quote Originally Posted by AProudLefty View Post
    Address the topic, not other posters.

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    Quote Originally Posted by Jack View Post
    Raising Taxes would take Courage. So, yeah, maybe.
    courage right into the poor house.
    The economy is floating on free money (interest) and pumped up PPE and such.
    Befoer Dems start salivating at mo' money they can waste, it has to grow and stabilize.

    Biden doesn't get his ( or anything else) and wants to raise taxes on da rich. Biden is now a dumb ass progressive

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    Quote Originally Posted by Jack View Post
    Earl. You sat there, sucking your thumb, whimpering like a little girl.
    Jacky, on the other hand, backed the truck up and loaded up on the Triple Q @ $168.21/sh.
    Now. This is what I want you to do.
    Go into the bathroom. Look in the mirror. Then, punch yourself in the face as hard as you can.
    After you recover. And with an ice pack on your face. I want you to describe, in detail, the excruciating pain you leveled upon yourself for being a Snowflake.
    Remember, don't leave out any of the details, I want to hear every delicious bit of pain you suffered!
    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.

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    Quote Originally Posted by Jack View Post
    Earl has nothing. Earl is a big, fat, blowhard!
    "When government fears the people, there is liberty. When the people fear the government, there is tyranny."


    A lie doesn't become the truth, wrong doesn't become right, and evil doesn't become good just because it is accepted by a majority.
    Author: Booker T. Washington



    Quote Originally Posted by Nomad View Post
    Unless you just can't stand the idea of "ni**ers" teaching white kids.


    Quote Originally Posted by AProudLefty View Post
    Address the topic, not other posters.

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    Quote Originally Posted by Truth Detector View Post
    This has to make the morons on the left sad.
    Indeed...like PoliTalker...and Jacky.

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    Quote Originally Posted by Trumpet View Post
    Earl, the market is anticipating a rosy recovery, but if that doesn't happen, look out.
    WRONG; the market recognizes there will be a recovery when things open up. Leftists, the FAKE media and Democratic Party of the Jackass want to keep it closed until after November.

    They don't give a shit about all the low income earners who have lost their jobs.
    "When government fears the people, there is liberty. When the people fear the government, there is tyranny."


    A lie doesn't become the truth, wrong doesn't become right, and evil doesn't become good just because it is accepted by a majority.
    Author: Booker T. Washington



    Quote Originally Posted by Nomad View Post
    Unless you just can't stand the idea of "ni**ers" teaching white kids.


    Quote Originally Posted by AProudLefty View Post
    Address the topic, not other posters.

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    Quote Originally Posted by Jack View Post
    Earl. Did you buy anything on March 23rd? No. No you didn't. You sat there sucking your thumb. (snaking head)
    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
    "When government fears the people, there is liberty. When the people fear the government, there is tyranny."


    A lie doesn't become the truth, wrong doesn't become right, and evil doesn't become good just because it is accepted by a majority.
    Author: Booker T. Washington



    Quote Originally Posted by Nomad View Post
    Unless you just can't stand the idea of "ni**ers" teaching white kids.


    Quote Originally Posted by AProudLefty View Post
    Address the topic, not other posters.

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    Quote Originally Posted by Poor Richard Saunders View Post
    The overall market is still about 12% off it's highs.
    Yet it still would be 51% higher than it was on election night 2016.

    DOW on election night = 18,322.74
    Current DOW = 25,727

    Quote Originally Posted by Poor Richard Saunders View Post
    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.
    But it had 51% growth since Trumps election.
    "When government fears the people, there is liberty. When the people fear the government, there is tyranny."


    A lie doesn't become the truth, wrong doesn't become right, and evil doesn't become good just because it is accepted by a majority.
    Author: Booker T. Washington



    Quote Originally Posted by Nomad View Post
    Unless you just can't stand the idea of "ni**ers" teaching white kids.


    Quote Originally Posted by AProudLefty View Post
    Address the topic, not other posters.

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