General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsI would feel much better about the market if it was down.
Being up 650 points does not reflect the current status of the economy today and in the near future. The economic data points to a prolonged downward slump in the economy. There is no vaccine. Testing is still problematic. If anything, we're in the same position that we were prior to the shutdown, unprepared.
The markets are out of synch with reality. They're creating and following their own made up narratives.
safeinOhio
(32,737 posts)Rich people just came into more cash and don't trust banks. It's not up because the little guy just bought a 100 shares.
leftieNanner
(15,182 posts)are investing because they want the Repugs to win in November and they perceive that a booming Dow is the way to make that happen.
bluestarone
(17,091 posts)DOOZY!!! ( i bet) i wouldn't want any part of it!!!
BComplex
(8,077 posts)It's just terribly weird that it hasn't crashed yet. But it will crash before the election so the republicans will bail it out, my guess.
Either that, or it will wait until Biden is president to make sure the market crashes under a democratic president for a change.
a kennedy
(29,728 posts)I TOTALLY DESPISE HIM.
PJMcK
(22,059 posts)Obviously, I'm not suggesting that you're pushing a right wing viewpoint!
I've heard Republicans say things like, "You Democrats want the markets to go down so Trump will lose!" Or, "You Democrats want more people to die so you can blame Trump!"
As a life-long Democrat, I'd like to see Trump gone AND the markets go up. Nearly everyone is affected by the status of the various financial markets because of their economic power. If things go south in a big way, we're all in trouble.
a kennedy
(29,728 posts)Damn, not my intention at all.
PJMcK
(22,059 posts)That's why I wrote my first sentence in my reply!
It's just that sometimes, our hatred of Trump takes us to inconvenient places!
Enjoy your afternoon, a kennedy.
SoonerPride
(12,286 posts)It will deflate when the balloon bursts.
Mike 03
(16,616 posts)The anchors on Bloomberg radio last night were expressing bewilderment that the markets weren't reacting more to the China/Hong Kong news.
The markets have decoupled from reality.
duforsure
(11,885 posts)Like trump and munchin are doing by pouring money into it with our money from the treasury, it will catch up in time, then crash. Trump is trying to use it to con people into believing the economy is good when it's really getting much weaker and heading us into the trump depression. If he loses he'll then let it crash to hurt America for not voting for him. We saw these kinds of tactics used by W Buch too , while he claimed the economy was good. I feel for those people about to lose everything when it corrects itself .
smirkymonkey
(63,221 posts)NRaleighLiberal
(60,027 posts)it is completely disconnected from reality.
NCjack
(10,279 posts)I know who it will be.
Hoyt
(54,770 posts)months off at best. We know more now than we did several months ago about treatment, transmission, impact on the world, how many get really sick and need hospitalization, what it will take for a vaccine, how willing government is to provide economic assistance to unemployed, etc.
I bet the market would do even better if we all had to wear masks.
If you don't care/believe any of that, then the market is doing better because they know trump is going to get his rear handed to him in November.
dawg
(10,624 posts)that we just can't see yet.
I'm not counting on that, though. I have a large sell order that is now within 4% of executing, and I see no reason to take it off.
kimbutgar
(21,229 posts)They have these programs that will buy stocks in the Dow, NASDAQ and Futures that keep it from going down. Its all smoke and mirrors. I used to work in the stock market in from 1978 until 2013 and saw and heard from other traders that its all artificial. These hedge( vulture ) funds are calling the shots and a lot of hedge fund guys are MF45 supporters who like the lower taxes and want to eliminate the capital gains tax. This is their last chance and they are propping up the market with their trading programs.
louis-t
(23,309 posts)Building a house of cards, once again.
Yavin4
(35,453 posts)Laurie Garrett On COVID-19 Timeline: Three Years Is My Best Case Scenario | The Last Word | MSNBC