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(CNBC)   Dow falls as market finally realize Trump doesn't know what he's doing   (cnbc.com) divider line
    More: Obvious  
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704 clicks; posted to Business » on 28 Oct 2020 at 4:00 PM (4 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



23 Comments     (+0 »)
 
View Voting Results: Smartest and Funniest
 
2020-10-28 3:03:48 PM  
Not quite a Tom Petty song, yet.
 
2020-10-28 3:37:57 PM  
There's money parked on the sidelines and it'll stabilize at some point.

But I don't think that will really happen until after the election -- assuming there's a clean outcome.  If not, then it's time to test the downside circuit breakers.
 
2020-10-28 4:07:27 PM  
Yeah, a stimulus package would have helped about now.
 
2020-10-28 4:11:01 PM  
Actually Wall Street is freaking out that the free sugar rush may be ending.

READY THE MONEY CANNON TO BAIL OUT THE GLORIOUS JOB CREATORS!
ALL HAIL STONKS! ALL HAIL STONKS!!

Seriously, let them crash into that wall. They've gotten enough free money at the expense of people who could've used some help.
 
2020-10-28 4:14:11 PM  
It's almost like pumping up the numbers in the short term and not actually solving the whole Corona thing was a really bad idea.
 
2020-10-28 4:15:08 PM  

inglixthemad: Actually Wall Street is freaking out that the free sugar rush may be ending.

READY THE MONEY CANNON TO BAIL OUT THE GLORIOUS JOB CREATORS!
ALL HAIL STONKS! ALL HAIL STONKS!!

Seriously, let them crash into that wall. They've gotten enough free money at the expense of people who could've used some help.


Must sacrifice the old to the Bull God to make line go up
 
2020-10-28 4:24:43 PM  

iheartscotch: It's almost like pumping up the numbers in the short term and not actually solving the whole Corona thing was a really bad idea.


It was always the failure to recognize that the economy is composed of the individual decisions of humans.  If people don't want to get sick, they won't participate as much in the economy.  If people are dead, they can't participate in the economy.

The economy is people.  The economy is not an entity that people serve.  Modern conservatism does not get that.
 
2020-10-28 4:33:38 PM  

wejash: There's money parked on the sidelines and it'll stabilize at some point.

But I don't think that will really happen until after the election -- assuming there's a clean outcome.  If not, then it's time to test the downside circuit breakers.


I'm actually kind of hoping for a good crash. Nothing too major, but a minor crash to readjust from this wild speculative bullshiat sugar rush. We keep it up too long and it could be a market crushing crash, and I'd rather avoid that myself.
 
2020-10-28 4:50:06 PM  
Ha! Joke's on you! I have my savings in a high yield savings account with a pretty impressive interest rate of... wait... what? WHEN THE HELL DID THAT HAPPEN???
 
2020-10-28 4:55:47 PM  
Just in time for the end of year layoffs.  Clean up the book, prop up the stocks so the executives can give themselves bonuses for all those "hard decisions".

God Bless America
 
2020-10-28 5:26:47 PM  
What makes you think tangerine tw@tter doesn't know what he's doing?
He invented a retirement plan that never existed before.
Ingrates

Fark user imageView Full Size
 
2020-10-28 5:30:56 PM  

photokinetic: What makes you think tangerine tw@tter doesn't know what he's doing?
He invented a retirement plan that never existed before.
Ingrates

[Fark user image 850x296]


My 409K? 0.00
 
2020-10-28 5:34:43 PM  
I'm actually going to be ready to buy this time. I've been saving and collecting dividends for months.
 
2020-10-28 6:24:37 PM  

Jormungandr: I'm actually going to be ready to buy this time. I've been saving and collecting dividends for months.


Yeah, I have some money already moved over into my investment account ready to buy when the prices get down to what I'm targeting. March was a blue light special on blue chips, and I regrets not being more aggressive with my investments then.
 
2020-10-28 6:27:21 PM  

edmo: photokinetic: What makes you think tangerine tw@tter doesn't know what he's doing?
He invented a retirement plan that never existed before.
Ingrates

[Fark user image 850x296]

My 409K? 0.00


Yeah, people used it all up killing the Coronavirus.

images.homedepot-static.comView Full Size
 
2020-10-28 7:24:41 PM  

Rapmaster2000: iheartscotch: It's almost like pumping up the numbers in the short term and not actually solving the whole Corona thing was a really bad idea.

It was always the failure to recognize that the economy is composed of the individual decisions of humans.  If people don't want to get sick, they won't participate as much in the economy.  If people are dead, they can't participate in the economy.

The economy is people.  The economy is not an entity that people serve.  Modern conservatism does not get that.


People are the economy? WHAT HERESY IS THIS? Everyone knows that the economy just exists and must be pleased by profit, investment and increased value for the shareholders.....

/ if you build a house on a rotting dock and never maintain it, you shouldn't be surprised when it starts sinking below you. And putting more shiat on top isn't gonna help, just make it more expensive when it does sink.
 
2020-10-28 9:49:44 PM  
I'm glad they processed my 401(k) rollover check request late last week instead of today. It's going to an IRA but I can leave it in the core account and pick up bargains later.
 
2020-10-28 10:54:37 PM  
Call it the Bidenrecession. If Trump wins, it'll be the Trump Recovery.
 
2020-10-28 11:43:53 PM  

edmo: photokinetic: What makes you think tangerine tw@tter doesn't know what he's doing?
He invented a retirement plan that never existed before.
Ingrates

[Fark user image 850x296]

My 409K? 0.00


Should've invested.  You could still get in on the ground level.  Pay me 5k and I'll show you how.
 
2020-10-29 1:03:57 AM  
They've known for a while. They were just the riding a wave of Fed cash. The last little bit was a game of chicken. Who can stay on their board the longest without crashing into broken beer bottles and rebar on the shore?
 
2020-10-29 1:07:20 AM  

Mad_Radhu: Jormungandr: I'm actually going to be ready to buy this time. I've been saving and collecting dividends for months.

Yeah, I have some money already moved over into my investment account ready to buy when the prices get down to what I'm targeting. March was a blue light special on blue chips, and I regrets not being more aggressive with my investments then.


I'm kicking myself right now. Made a killing on EV stocks, but as the market rolls over it would have been nice to have some value stocks at a really low price :/

Probably for the best anyway. YouTube tells me value investing is dead. I should probably listen to StockGuru69. It says he's an amazing investor right there in the title.
 
2020-10-29 3:50:11 AM  

Geotpf: edmo: photokinetic: What makes you think tangerine tw@tter doesn't know what he's doing?
He invented a retirement plan that never existed before.
Ingrates

[Fark user image 850x296]

My 409K? 0.00

Yeah, people used it all up killing the Coronavirus.

[images.homedepot-static.com image 600x600]


Electric Six - Formula 409
Youtube VJ1JhlO2j-g
 
2020-10-29 8:20:31 AM  

inglixthemad: Actually Wall Street is freaking out that the free sugar rush may be ending.

READY THE MONEY CANNON TO BAIL OUT THE GLORIOUS JOB CREATORS!
ALL HAIL STONKS! ALL HAIL STONKS!!

Seriously, let them crash into that wall. They've gotten enough free money at the expense of people who could've used some help.


Keep in mind that Trump and Powell are still pumping trillions into the financial sector every month through treasury bond purchasing and the bank swap loan markets.  They have de facto nationalized industries connected to setting interest rates and inflation. The natural rate right now is likely north of 5%, and is probably much higher.  Those 0.75% loans are for our moral superiors though.  The little people should expect to pay 6% on education loans and around the same interest rate on home loans as a decade ago.
But free market capitalism and financial responsibility amirite?
Don't worry, once Trump settled into his new home in Sochi expect him to snipe Biden saying the massive national debt is totally his fault and not Reagan, W, and himself.
It was so nice for the Germans to agree to pay Don's $1 billion personal debt though.  Enjoy your bailout too Deutschland!
 
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