f7ben Posted August 20, 2020 Share Posted August 20, 2020 Over 1 million new jobless claims this week still which is worse than any other time in history. Stock market rallies on the news The fed has destroyed any shred of free market left 1 Quote Link to comment Share on other sites More sharing options...
Anler Posted August 20, 2020 Share Posted August 20, 2020 We are going to the moon baby! Quote Link to comment Share on other sites More sharing options...
f7ben Posted August 20, 2020 Author Share Posted August 20, 2020 2 minutes ago, Anler said: We are going to the moon baby! Stimulus is literally all that matters. The worse the news the higher the records we’ll set. Quote Link to comment Share on other sites More sharing options...
Anler Posted August 20, 2020 Share Posted August 20, 2020 Just now, f7ben said: Stimulus is literally all that matters. The worse the news the higher the records we’ll set. You know what is crazy? I am bidding my ass off right now. Its unusually busy for this time of year and especially with what is going on. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted August 20, 2020 Platinum Contributing Member Share Posted August 20, 2020 1 minute ago, Anler said: You know what is crazy? I am bidding my ass off right now. Its unusually busy for this time of year and especially with what is going on. I sold more jobs this august then Then I usually do total estimates in any other august. Fucking amazing year Quote Link to comment Share on other sites More sharing options...
Gold Member BOHICA Posted August 20, 2020 Gold Member Share Posted August 20, 2020 The topple is going to be epic. Tesla topped $2000 and is worth more then Walmart! 1 Quote Link to comment Share on other sites More sharing options...
Anler Posted August 20, 2020 Share Posted August 20, 2020 1 minute ago, steve from amherst said: I sold more jobs this august then Then I usually do total estimates in any other august. Fucking amazing year Our sales are down this year due to all of my competitors were bidding with PPP money this spring and summer but still, lots of work out there. Quote Link to comment Share on other sites More sharing options...
f7ben Posted August 20, 2020 Author Share Posted August 20, 2020 1 minute ago, BOHICA said: The topple is going to be epic. Tesla topped $2000 and is worth more then Walmart! The PE ratios on the big caps that are keeping the indexes afloat are so fucking astronomical it’s almost insane to consider. Quote Link to comment Share on other sites More sharing options...
Anler Posted August 20, 2020 Share Posted August 20, 2020 2 minutes ago, BOHICA said: The topple is going to be epic. Tesla topped $2000 and is worth more then Walmart! Tesla is a beast. I wish I would have bought more of it earlier. 1 Quote Link to comment Share on other sites More sharing options...
Anler Posted August 20, 2020 Share Posted August 20, 2020 Just now, f7ben said: The PE ratios on the big caps that are keeping the indexes afloat are so fucking astronomical it’s almost insane to consider. Its pretty scary. I dont even know what to think Quote Link to comment Share on other sites More sharing options...
f7ben Posted August 20, 2020 Author Share Posted August 20, 2020 16 minutes ago, Anler said: Its pretty scary. I dont even know what to think It’s the largest bubble in history. Record high stock markets in the worst recession ever. All driven by unlimited QE What could go wrong 1 Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted August 20, 2020 Share Posted August 20, 2020 34 minutes ago, f7ben said: The PE ratios on the big caps that are keeping the indexes afloat are so fucking astronomical it’s almost insane to consider. What are the pes on the Tech stocks driving the charge? Quote Link to comment Share on other sites More sharing options...
Mainecat Posted August 20, 2020 Share Posted August 20, 2020 There are about 5 companies floating the markets. The real estate market will be the first to go along with the banks. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted August 20, 2020 Share Posted August 20, 2020 2 minutes ago, Mainecat said: There are about 5 companies floating the markets. The real estate market will be the first to go along with the banks. Holy fuck, what a moron. Residential real estate is only one variable, but people need to live somewhere so there will always be demand. I could go on but what is the point? Quote Link to comment Share on other sites More sharing options...
f7ben Posted August 20, 2020 Author Share Posted August 20, 2020 12 minutes ago, ArcticCrusher said: What are the pes on the Tech stocks driving the charge? An average of over 40 Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted August 20, 2020 Share Posted August 20, 2020 21 minutes ago, f7ben said: An average of over 40 Top 7 tech stocks are worth almost 8 trillion. Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted August 20, 2020 Share Posted August 20, 2020 1 hour ago, Anler said: You know what is crazy? I am bidding my ass off right now. Its unusually busy for this time of year and especially with what is going on. You know why you're bidding like crazy? Because contrary to Bents assertions, the economy still has many strong sectors and pent up demand from the shutdown of the economy. And also contrary to Bents assertions, the Feds stimulus isn't driving all the activity. Kindly advise your friend to consider offing himself God every fucking day I listen and read what people who know what they're talking about explain the markets and the economy and then I come home to Bent Bernanke ranting. Quote Link to comment Share on other sites More sharing options...
f7ben Posted August 20, 2020 Author Share Posted August 20, 2020 20 minutes ago, ArcticCrusher said: Top 7 tech stocks are worth almost 8 trillion. FATANG is worth almost what the rest of the SP500 is combined and these are not growth stocks Quote Link to comment Share on other sites More sharing options...
Mainecat Posted August 20, 2020 Share Posted August 20, 2020 47 minutes ago, ArcticCrusher said: Holy fuck, what a moron. Residential real estate is only one variable, but people need to live somewhere so there will always be demand. I could go on but what is the point? Pay attention. Quote Link to comment Share on other sites More sharing options...
f7ben Posted August 20, 2020 Author Share Posted August 20, 2020 1 minute ago, DriftBusta said: You know why you're bidding like crazy? Because contrary to Bents assertions, the economy still has many strong sectors and pent up demand from the shutdown of the economy. And also contrary to Bents assertions, the Feds stimulus isn't driving all the activity. Kindly advise your friend to consider offing himself God every fucking day I listen and read what people who know what they're talking about explain the markets and the economy and then I come home to Bent Bernanke ranting. Bullshit Quote Link to comment Share on other sites More sharing options...
Mainecat Posted August 20, 2020 Share Posted August 20, 2020 Cramer agrees with me. Not sure if it’s good or bad...lol https://www.marketwatch.com/story/a-tale-told-by-an-idiot-cnbcs-jim-cramer-urges-investors-not-to-be-fooled-by-new-highs-in-the-stock-market-2020-08-19 Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted August 20, 2020 Share Posted August 20, 2020 3 minutes ago, f7ben said: Bullshit You do you. +25.9% ytd baby. 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Jimmy Snacks Posted August 20, 2020 Platinum Contributing Member Share Posted August 20, 2020 (edited) 11 minutes ago, DriftBusta said: You do you. +25.9% ytd baby. What a phony fuck. Edited August 20, 2020 by Jimmy Snacks Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted August 20, 2020 Share Posted August 20, 2020 4 minutes ago, Jimmy Snacks said: What a phony fuck. Why? Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted August 20, 2020 Share Posted August 20, 2020 7 minutes ago, Jimmy Snacks said: What a phony fuck. Oh really? Lay it out for me Jimmy. You think you know so fucking much about me and my career path. Quote Link to comment Share on other sites More sharing options...
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