Skip to content
 
If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(CBS News)   So even though the regular economy has been in the shiatter this year, at least the stock market has held up, right? Right?   (cbsnews.com) divider line
    More: Fail  
•       •       •

1101 clicks; posted to Business » on 31 Oct 2020 at 12:04 PM (4 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



24 Comments     (+0 »)
 
View Voting Results: Smartest and Funniest
 
2020-10-31 10:55:28 AM  
It's only being held up because of the printing press. Once it was realized that freshly printed dough wasnt coming through this week as it was supposed to, it sold off. It'll be choppy on the way down until Powell is authorized in Jan/Feb to print another batch of Monopoly Money at which time it'll nominally go up.
 
2020-10-31 11:17:12 AM  
It's almost like we like it a "trickle up" society, where labor is the only thing producing value in this country and without workers and the wages they spend the whole collapses.

But hey it's not like all those people were just given a pittance and left to rot, facing evictions and hard times. Oh wait they were, weren't they?
 
2020-10-31 12:07:54 PM  
When sh•thead is shown the door I never want to hear about the goddamn stock market again.
 
2020-10-31 12:11:23 PM  
This is the market reacting to the increasing likelihood of the upcoming Harris/Biden presidency.
 
2020-10-31 12:40:21 PM  
It went up because people were stupid and delusional after the Fed dumped piles of stimulus in play. It's now correcting as the fart sniffing from bullish wankfests fades out.
 
2020-10-31 2:27:44 PM  
Market has now realized McConnell will not be allowing any stimulus until Inauguration Day.
 
2020-10-31 2:41:59 PM  
Don't worry, God Emperor Trump will make everything perfect again.
 
2020-10-31 3:08:27 PM  
Now that the Dow is at 26500 I am starting to pay attention I bought some stuff couple days ago and I should probably buy some more.

If it starts to drop hard I may sell some stuff but basically I'm thinking it's buying time
 
2020-10-31 3:11:03 PM  
I can tell by the way your falling darlin' 

That it won't be long before it's buying time
 
2020-10-31 3:13:24 PM  
As I've said before, get ready for a year of volatility. The markets are going to be all over the place every time there are talks of stimulus relief, infection rates go up, good news on vaccines, bad news on the injection time table, tech profits soar, etc.
 
2020-10-31 3:17:02 PM  
It's only going down because investors are scared of Biden. See, you gotta re-elect me because only I can save the Economy
 
2020-10-31 3:45:14 PM  
TFA "worst month since March"

That's only 7 months. It's like saying 2020 is the worst year since 2016. Or today is the worst day since yesterday.
 
2020-10-31 3:49:34 PM  

thornhill: As I've said before, get ready for a year of volatility. The markets are going to be all over the place every time there are talks of stimulus relief, infection rates go up, good news on vaccines, bad news on the injection time table, tech profits soar, etc.


Could be.

At some point the markets may combine fatigue with baked in predictions and can remain stable.

I'm sticking with my normal DCAs of course, bit I'd love to be able to pinpoint a good drop for a larger investment.
 
2020-10-31 4:48:56 PM  

tjsands1118: It's almost like we like it a "trickle up" society, where labor is the only thing producing value in this country and without workers and the wages they spend the whole collapses.

But hey it's not like all those people were just given a pittance and left to rot, facing evictions and hard times. Oh wait they were, weren't they?


Yep.  It's what all those who focus on the job creators forget.  The GDP is a product of Capital AND Labor.
 
2020-10-31 5:32:35 PM  

thornhill: As I've said before, get ready for a year of volatility. The markets are going to be all over the place every time there are talks of stimulus relief, infection rates go up, good news on vaccines, bad news on the injection time table, tech profits soar, etc.


Compared to the previous 8 years we are already in the year of volatility.  I think thinks will settle down some after the election.

And my accounts are still up for the year.  But I expect they will likely go down some more.
 
2020-10-31 6:12:12 PM  
Coke binge is on hiatus, money printer out front should have told ya.

/ stock market is completely divorced from the economy.
 
2020-10-31 7:07:03 PM  

jjorsett: This is the market reacting to the increasing likelihood of the upcoming Harris/Biden presidency.


Yup. The welfare party for Drumft's cronies may be coming to an end, and the grifters are packing up their carpetbags with fool's money, and getting the f**k out of town.
 
2020-10-31 7:33:11 PM  

jjorsett: This is the market reacting to the increasing likelihood of the upcoming Harris/Biden presidency.


I hope so.  No.  I don't just hope.  I vote that way hoping the stock market crashes.  When people are more concerned about the stock market than 200k plus deaths it deserves to be destroyed.  Maybe then we can build something where people have value.
 
2020-10-31 11:31:47 PM  
Didn't you know that the stock market IS the only part of the economy that matters?

Angry orange out front should have told you.


/This is what 'conservatives' really believe
 
2020-11-01 12:31:13 AM  

jjorsett: This is the market reacting to the increasing likelihood of the upcoming Harris/Biden presidency.


I lol'ed but it is true :(
 
2020-11-01 11:30:08 AM  

mjjt: It's only going down because investors are scared of Biden. See, you gotta re-elect me because only I can save the Economy


There was an article recently that Wall St was donating to Biden's campaign something like 10 to 1 over Trump if i remember correctly, so that isn't it. In addition, Wall St prices in future events, and Biden has been far enough ahead in the polls for long enough that is already accounted for.
 
2020-11-01 11:31:07 AM  

QFarker: thornhill: As I've said before, get ready for a year of volatility. The markets are going to be all over the place every time there are talks of stimulus relief, infection rates go up, good news on vaccines, bad news on the injection time table, tech profits soar, etc.

Compared to the previous 8 years we are already in the year of volatility.  I think thinks will settle down some after the election.

And my accounts are still up for the year.  But I expect they will likely go down some more.


I'm not selling anything I buy now for at least 10 years. Overall, the market will be up.
 
2020-11-01 4:05:04 PM  

Farkage: mjjt: It's only going down because investors are scared of Biden. See, you gotta re-elect me because only I can save the Economy

There was an article recently that Wall St was donating to Biden's campaign something like 10 to 1 over Trump if i remember correctly, so that isn't it. In addition, Wall St prices in future events, and Biden has been far enough ahead in the polls for long enough that is already accounted for.


The investment class may not be super thrilled about Biden, but they are perfectly fine with having a stable and predictable person in the white house. Unlike the current one who declares trade wars by tweet.
 
2020-11-01 4:16:33 PM  
Wall Street is shunning Trump. Campaign donations to Biden are five times larger.

Makes sense to me I'm going to do really well these next couple years
 
Displayed 24 of 24 comments

View Voting Results: Smartest and Funniest

This thread is closed to new comments.

Continue Farking





On Twitter



  1. Links are submitted by members of the Fark community.

  2. When community members submit a link, they also write a custom headline for the story.

  3. Other Farkers comment on the links. This is the number of comments. Click here to read them.

  4. Click here to submit a link.