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(CNBC)   Recession's cancelled, bull out front should've told you   (cnbc.com) divider line
    More: Unlikely, Dow Jones Industrial Average, Nancy Pelosi, Donald Trump, Treasury Secretary Steven Mnuchin, President Donald Trump, S&P, broader market index, biggest one-day jump  
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1069 clicks; posted to Business » on 12 Aug 2020 at 5:05 PM (1 year ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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2020-08-12 5:11:19 PM  
4 votes:
Wait    for   it
 
2020-08-12 8:36:18 PM  
4 votes:
Fark user imageView Full Size
 
2020-08-12 6:17:37 PM  
2 votes:

Bennie Crabtree: On the other hand, if the economy grows now, stock markets will have a whole new plan. It will show that death and quarantine are profitable, and Wall Street will begin fighting the WHO and the UN, and they will try to claw back vaccines around the world. plague will become an asset instead of a cost.


The fark are you on about?
 
2020-08-12 5:08:48 PM  
1 vote:
Don't rush to judgment on that one subby. The sugar rush is ending, and they probably will try to mainline a bit more sugar again. The problem being that it is becoming more difficult to maintain at this point. The downside being that the crash after mainlining this much sugar is probably going to be epic fail level.
 
2020-08-12 5:26:20 PM  
1 vote:
On the other hand, if the economy grows now, stock markets will have a whole new plan. It will show that death and quarantine are profitable, and Wall Street will begin fighting the WHO and the UN, and they will try to claw back vaccines around the world. plague will become an asset instead of a cost.
 
2020-08-12 5:49:33 PM  
1 vote:
Buy stock in things you use they said.  You can't lose they said. They forgot about having the money to do all this.  You see I can know the greatest stocks available but if I can't afford to eat...doesn't matter.  That's my problem.  Now multiply my problem times millions.  That's everyone's problem.

Give it 2 weeks when compromises aren't worked out, and they realize executive orders mean nothing without money to back them.
 
2020-08-12 6:20:42 PM  
1 vote:

doomjesse: Buy stock in things you use they said.  You can't lose they said. They forgot about having the money to do all this.  You see I can know the greatest stocks available but if I can't afford to eat...doesn't matter.  That's my problem.  Now multiply my problem times millions.  That's everyone's problem.

Give it 2 weeks when compromises aren't worked out, and they realize executive orders mean nothing without money to back them.


This. There were so many stocks I had my eye on, just waiting for a dip. Lost three months of work and had to hold the money I was sitting on just in case. Luckily, I dumped all my American stuff at a really good time (held on to just under half my Tesla and regretting selling any of it :/) and did really well with Japanese stocks. Trying to figure out what I want to do with those now...
 
2020-08-12 6:23:17 PM  
1 vote:
I'm going to go to the massive homeless encampment by the river a few miles away and tell them they're all wealthy.
 
2020-08-12 6:45:25 PM  
1 vote:
Can we stop pretending that the stock market reflects the state of America?
 
2020-08-12 7:08:51 PM  
1 vote:

theToadMan: All of these brand new "COVID daytraders" that have been created from the stimulus funds are going to get their knees chopped off when this bubble pops.
This is the most epic dead cat bounce ever.


odd you mention this.  My friend casually dropped that his wife started daytrading.  She is a SAHM and was a highschool spanish teacher.  So it seemed odd for her to embark on this.  No talk of training, studying how or anything.

Said she has been doing good so far.  reminded me of common advice on these type of threads "the market has been so good, so long, anyone can do well right now"
 
2020-08-12 8:46:10 PM  
1 vote:

AsparagusFTW: Hyjamon: theToadMan: All of these brand new "COVID daytraders" that have been created from the stimulus funds are going to get their knees chopped off when this bubble pops.
This is the most epic dead cat bounce ever.

odd you mention this.  My friend casually dropped that his wife started daytrading.  She is a SAHM and was a highschool spanish teacher.  So it seemed odd for her to embark on this.  No talk of training, studying how or anything.

Said she has been doing good so far.  reminded me of common advice on these type of threads "the market has been so good, so long, anyone can do well right now"

One of my favorite musicians just started too.

They do not know of the impending bloodbath.


A buddy of mine mentioned that his co-worker wants to quit his 9-5 to day-trade.  I couldn't stress "Don't do it" enough, especially if you have dependents.

But then again, maybe stonks will just only go up forever after all, even under the worst conditions.  Who knows anymore.
 
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