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(Reuters)   You're not going to believe this, but, apparently, inventing $3 trillion out of thin air and dumping it into the stock market has created more than a few "bubbles" and fueled "irrational exuberance" rather than "stability"   (reuters.com) divider line
    More: Fail, Bond, Stock market, Bond market, Federal Reserve System, Central bank, Finance, Stock exchange, Security  
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992 clicks; posted to Business » on 13 Jul 2020 at 11:19 AM (4 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



35 Comments     (+0 »)
 
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2020-07-13 10:46:55 AM  
fark
 
2020-07-13 10:53:28 AM  
As long as the bubble lasts until after the election, no one cares.
 
2020-07-13 11:10:30 AM  
Now that's a term I haven't heard in a looong time:

Irrational Exuberance (Yatta) Flash Animation HD Restoration
Youtube JBJtQjykq_4
 
2020-07-13 11:15:06 AM  
You call that a bubble?
The next one is a BUBBLE!.
 
2020-07-13 11:25:33 AM  

Ambivalence: As long as the bubble lasts until after the election, no one cares.


Thats been my prediction for a while, red tie or blue tie, if you are up for election you just want everything to stay afloat till Nov and then blame the inevitable crash on all the losers and talk about how thank goodness you won cause you know what to do to fix it unlike that other person.
 
2020-07-13 11:29:50 AM  
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2020-07-13 11:29:54 AM  
My 401k has mostly recovered from its lows in March and April - my question is, if I could pull my money and park it somewhere safe without penalty, where would that be?  I'm without a clue, TBH.  It seems like money would be safer parked in overseas companies' stocks, whose countries seem to have adults in charge, but I don't know.
 
2020-07-13 11:30:16 AM  

snoopy2zero: Ambivalence: As long as the bubble lasts until after the election, no one cares.

Thats been my prediction for a while, red tie or blue tie, if you are up for election you just want everything to stay afloat till Nov and then blame the inevitable crash on all the losers and talk about how thank goodness you won cause you know what to do to fix it unlike that other person.


So to answer that old question:  Are you better off now than four years ago?  The answer is "Aw Hew no!"  And whose fault is that?  REPUBLICANS!

// Take 'em ALL out in November.  Vote out any and all sitting re-publicans and conservatives.
 
2020-07-13 11:34:07 AM  

Nadie_AZ: [Fark user image 320x445]


Oh don't worry, they'll make up for it by making sure they get all of the layoffs.
 
2020-07-13 11:54:24 AM  
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2020-07-13 11:57:43 AM  
The short version of why the stock market is up is simply that the biggest companies aren't really all that dependent on the US market and are mainly in sectors that aren't all that affected by the pandemic (and in some instances, are actually boosted by it)

pbs.twimg.comView Full Size
 
2020-07-13 12:05:20 PM  
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2020-07-13 12:09:18 PM  
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2020-07-13 12:11:22 PM  

Nadie_AZ: [Fark user image 320x445]


Fark user imageView Full Size

"No one? Really?"
 
2020-07-13 12:12:43 PM  
Keep in mind that this money is coming from your taxes. The rest of us are paying for the 1% to keep rolling the dice and raking in their winnings. And we cover their losses. It's so epically criminal, nobody cares.
 
2020-07-13 12:12:51 PM  

OptionC: The short version of why the stock market is up is simply that the biggest companies aren't really all that dependent on the US market and are mainly in sectors that aren't all that affected by the pandemic (and in some instances, are actually boosted by it)

[pbs.twimg.com image 680x519]


And then there's Tesla...

Fark user imageView Full Size
 
2020-07-13 12:17:34 PM  
Creating a bubble with the intention that it pops when a Democrat is president? Who would do such a thing?

Oh, right.
 
2020-07-13 12:26:07 PM  

emersonbiggins: My 401k has mostly recovered from its lows in March and April - my question is, if I could pull my money and park it somewhere safe without penalty, where would that be?  I'm without a clue, TBH.  It seems like money would be safer parked in overseas companies' stocks, whose countries seem to have adults in charge, but I don't know.


Bonds in nations with a diverse and healthy economy.

Denmark for instance.

Though, be aware that Danish government bonds gives a negative, albeit small, interest rate. That's obviously, as opposed to most bonds that give a positive interest rate, because they're less secure.
 
2020-07-13 12:36:40 PM  

TedCruz'sCrazyDad: OptionC: The short version of why the stock market is up is simply that the biggest companies aren't really all that dependent on the US market and are mainly in sectors that aren't all that affected by the pandemic (and in some instances, are actually boosted by it)

[pbs.twimg.com image 680x519]

And then there's Tesla...

[Fark user image 850x473]


Tesla is... different.   People are buying Tesla because it is fun and also because they need to cover their short position.  Once the short interest dissolves I expect Tesla to come crashing back to earth but I still wouldn't go anywhere near TSLA stock in either direction.
 
2020-07-13 12:42:12 PM  

OptionC: I expect Tesla to come crashing back to earth but I still wouldn't go anywhere near TSLA stock in either direction.


No tendies for you then.

/Me neither.
 
2020-07-13 12:43:16 PM  

BKITU: Nadie_AZ: [Fark user image 320x445]

[Fark user image 235x215]
"No one? Really?"


Is he the oatmeal guy or the dude on the Krugerrand?
 
2020-07-13 12:43:38 PM  

OptionC: TedCruz'sCrazyDad: OptionC: The short version of why the stock market is up is simply that the biggest companies aren't really all that dependent on the US market and are mainly in sectors that aren't all that affected by the pandemic (and in some instances, are actually boosted by it)

[pbs.twimg.com image 680x519]

And then there's Tesla...

[Fark user image 850x473]

Tesla is... different.   People are buying Tesla because it is fun and also because they need to cover their short position.  Once the short interest dissolves I expect Tesla to come crashing back to earth but I still wouldn't go anywhere near TSLA stock in either direction.


Tesla just cut the price of their Model Y by $3,000.
 
2020-07-13 12:49:52 PM  

TedCruz'sCrazyDad: Tesla just cut the price of their Model Y by $3,000.


Would their market cap be any different if they raised the price by $3000 or decided to make the Model Y entirely out of cannabis derived products?

That stock price has absolutely nothing to do with their underlying business.  TSLA and Tesla may as well be separate entities.
 
2020-07-13 12:50:02 PM  
Because back in April, the Federal Reserve decided that the best course of action was smoking crack. So, on with the crack pipes.

I'm sitting on all cash and I'm thrilled to do it. I was tempted to buy back in late March (and probably should have, what with being a perfect market timer in hindsight). Not now. Hell no. Not now.

If the blatant market manipulation is for political reasons, we'll see the stimulus dry up after the election. If it's for greed reasons, it'll dry up when the rest of the planet starts questioning the dollar as the global reserve currency.
 
2020-07-13 12:53:31 PM  
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2020-07-13 12:55:19 PM  

emersonbiggins: My 401k has mostly recovered from its lows in March and April - my question is, if I could pull my money and park it somewhere safe without penalty, where would that be?  I'm without a clue, TBH.  It seems like money would be safer parked in overseas companies' stocks, whose countries seem to have adults in charge, but I don't know.


Every 401k has different options available, but every 401k will have some version of a "stable value" fund that is pretty much all government and very high grade corporate bonds.

There is probably at least one international index fund in there.

But remember, 401ks are not for day trading.  Before you make any move, plan out when or under what circumstances you'll move back towards a "normal" allocation.
 
2020-07-13 12:58:11 PM  
"They printed $X trillion and dumped it in the stock market," continues to be a really dumb but popular fantasy.
 
2020-07-13 1:00:06 PM  

SirEattonHogg: BKITU: Nadie_AZ: [Fark user image 320x445]

[Fark user image 235x215]
"No one? Really?"

Is he the oatmeal guy or the dude on the Krugerrand?


President of Freedonia
 
2020-07-13 1:17:49 PM  

BitwiseShift: [Fark user image 850x637]


It's wet.
 
2020-07-13 1:31:42 PM  

Nadie_AZ: [Fark user image image 320x445]


Taxes favor capital.

There.

Done.
 
2020-07-13 1:51:16 PM  

Surrender your boo-tah: Taxes favor capital.

There.

Done.


That's a graph of pre-tax income.

What it actually says is that robots and servers don't get a salary.
 
2020-07-13 4:13:08 PM  

delsydsoftware: Now that's a term I haven't heard in a looong time:

[iFrame https://www.youtube.com/embed/JBJtQjyk​q_4?autoplay=1&widget_referrer=https%3​A%2F%2Fwww.fark.com&start=0&enablejsap​i=1&origin=https%3A%2F%2Fwww.fark.com&​widgetid=1]


Thank you for that! I actually feel happier having viewed it again after so many years... Remember when the Internet didn't suck?
 
2020-07-13 6:09:14 PM  
Fark user imageView Full Size
 
2020-07-13 11:45:47 PM  
Fark user imageView Full Size
 
2020-07-14 3:05:26 PM  

A Cave Geek: snoopy2zero: Ambivalence: As long as the bubble lasts until after the election, no one cares.

Thats been my prediction for a while, red tie or blue tie, if you are up for election you just want everything to stay afloat till Nov and then blame the inevitable crash on all the losers and talk about how thank goodness you won cause you know what to do to fix it unlike that other person.

So to answer that old question:  Are you better off now than four years ago?  The answer is "Aw Hew no!"  And whose fault is that?  REPUBLICANS!

// Take 'em ALL out in November.  Vote out any and all sitting re-publicans and conservatives.


Ah, yes, because we know Democrat-led cities are such bastions of prosperity - if you happen to be rich and white already. Tough shiat, Mr. Negro and Hispanic living in the ghetto and either dodging bullets or having the taxes on the few things you own hiked up to the point that you can never get ahead.
 
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