f7ben Posted November 24, 2020 Share Posted November 24, 2020 Biden announces her as Treasury secretary. SP500 rallies 2% from that moment. Tell me more about how the market is based on anything other than hope for stimulus Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted November 24, 2020 Share Posted November 24, 2020 (edited) Not putting a progressive retard in place is a positive for the market. Assuming the pubs take 1 GA senate seat we should be in pretty good shape in the market run up. Too bad you weren't on the train. Edited November 24, 2020 by Angry ginger Quote Link to comment Share on other sites More sharing options...
f7ben Posted November 24, 2020 Author Share Posted November 24, 2020 Just now, Angry ginger said: Not putting a progressive retard in place is a positive for the market. Assuming the pubs take 1 GA senate seat we should be in pretty good shape in the market run up. Too bad you weren't on the train. How far can it run.....50 PE? The economy is destroyed and if they don’t pass trillions more in stimulus you will see it fail Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member SnowRider Posted November 24, 2020 Platinum Contributing Member Share Posted November 24, 2020 9 minutes ago, f7ben said: How far can it run.....50 PE? The economy is destroyed and if they don’t pass trillions more in stimulus you will see it fail Better jump back in. It’s easier and less expensive for the govt/fed to keep the market afloat than it is to watch it crash and take the retirement of every worker with it. Quote Link to comment Share on other sites More sharing options...
f7ben Posted November 24, 2020 Author Share Posted November 24, 2020 9 minutes ago, SnowRider said: Better jump back in. It’s easier and less expensive for the govt/fed to keep the market afloat than it is to watch it crash and take the retirement of every worker with it. They are destroying the dollar to keep rich people rich. Poor people are getting poorer by the day Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted November 24, 2020 Share Posted November 24, 2020 1 minute ago, f7ben said: They are destroying the dollar to keep rich people rich. Poor people are getting poorer by the day Rich keep getting richer but more in the middle move up than down esp in a rising stock market as they are invested. The poor are always going to be poor, they don't have the education or income to make the decisions to rise up and any wealth redistribution to them is not going to change that. Quote Link to comment Share on other sites More sharing options...
f7ben Posted November 24, 2020 Author Share Posted November 24, 2020 Just now, Angry ginger said: Rich keep getting richer but more in the middle move up than down esp in a rising stock market as they are invested. The poor are always going to be poor, they don't have the education or income to make the decisions to rise up and any wealth redistribution to them is not going to change that. Why not print 100 trillion then.....let’s go negative rates and just let the fed buy 1 trillion in stocks per day..... what a fucking bullshit argument Quote Link to comment Share on other sites More sharing options...
Anler Posted November 24, 2020 Share Posted November 24, 2020 40 minutes ago, Angry ginger said: Not putting a progressive retard in place is a positive for the market. Assuming the pubs take 1 GA senate seat we should be in pretty good shape in the market run up. Too bad you weren't on the train. My cryptos are going apeshit right now. Quote Link to comment Share on other sites More sharing options...
Anler Posted November 24, 2020 Share Posted November 24, 2020 14 minutes ago, f7ben said: Why not print 100 trillion then.....let’s go negative rates and just let the fed buy 1 trillion in stocks per day..... what a fucking bullshit argument Yes just do like Kanye wanted to do, everyone with a baby gets $1 million! Quote Link to comment Share on other sites More sharing options...
Anler Posted November 24, 2020 Share Posted November 24, 2020 16 minutes ago, Angry ginger said: Rich keep getting richer but more in the middle move up than down esp in a rising stock market as they are invested. The poor are always going to be poor, they don't have the education or income to make the decisions to rise up and any wealth redistribution to them is not going to change that. they were saying on CNBC today that the dollar has depreciated 10% this year and could be another 10% if another stimulus. Losing 10% a year just leaving your money in the bank Quote Link to comment Share on other sites More sharing options...
f7ben Posted November 24, 2020 Author Share Posted November 24, 2020 49 minutes ago, Anler said: they were saying on CNBC today that the dollar has depreciated 10% this year and could be another 10% if another stimulus. Losing 10% a year just leaving your money in the bank Morgan Stanley said they expect the dollar to fall 20% in 2021 BUT WHO CARES.....DOW 30k derrrr Quote Link to comment Share on other sites More sharing options...
Anler Posted November 24, 2020 Share Posted November 24, 2020 3 minutes ago, f7ben said: Morgan Stanley said they expect the dollar to fall 20% in 2021 BUT WHO CARES.....DOW 30k derrrr the dollar killer is up 180% this year. Even the haters are jumping on board now... Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member SnowRider Posted November 24, 2020 Platinum Contributing Member Share Posted November 24, 2020 5 minutes ago, f7ben said: Morgan Stanley said they expect the dollar to fall 20% in 2021 BUT WHO CARES.....DOW 30k derrrr Did you see your boys 30 second presser bragging about 30K market Quote Link to comment Share on other sites More sharing options...
Mainecat Posted November 24, 2020 Share Posted November 24, 2020 1 hour ago, f7ben said: Biden announces her as Treasury secretary. SP500 rallies 2% from that moment. Tell me more about how the market is based on anything other than hope for stimulus I cant. Quote Link to comment Share on other sites More sharing options...
Mainecat Posted November 24, 2020 Share Posted November 24, 2020 Wait till people think why the fuck are stocks so high? Is Apple really worth 115 bucks a share? Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted November 24, 2020 Share Posted November 24, 2020 Smh Quote Link to comment Share on other sites More sharing options...
Advertising Member Seatofmypants Posted November 24, 2020 Advertising Member Share Posted November 24, 2020 1 hour ago, f7ben said: They are destroying the dollar to keep rich people rich. Poor people are getting poorer by the day Not really destroying the dollar..... Every major developed country is in the same boat with Covid....I promise that China has had massive spending to hold their market..... I don't agree with all the spending, and was against TRAP but at this point they have to keep spending. Quote Link to comment Share on other sites More sharing options...
Anler Posted November 24, 2020 Share Posted November 24, 2020 8 minutes ago, Seatofmypants said: Not really destroying the dollar..... Every major developed country is in the same boat with Covid....I promise that China has had massive spending to hold their market..... I don't agree with all the spending, and was against TRAP but at this point they have to keep spending. You are correct, our dollar is still stronger than many other currencies but Ben is also correct that as costs go up our dollar locally is worth less. As I mentioned above, you are basically losing money by saving it. Quote Link to comment Share on other sites More sharing options...
Advertising Member Seatofmypants Posted November 24, 2020 Advertising Member Share Posted November 24, 2020 Just now, Anler said: You are correct, our dollar is still stronger than many other currencies but Ben is also correct that as costs go up our dollar locally is worth less. As I mentioned above, you are basically losing money by saving it. I can agree with that. What gives me a little heartburn is the money that is being spent now, isn't like "The New Deal" we aren't really getting anything to show for it.....and that sucks. People just want that "free" money.... Our economy is hitched to the world though, so whatever they need to do to keep it going they are going to do.....and I honestly think we are going to see negative rates from the fed to keep this going...which is insane.....but it is going to keep the banks solvent from the upcoming wave of defaults. Quote Link to comment Share on other sites More sharing options...
Anler Posted November 24, 2020 Share Posted November 24, 2020 2 minutes ago, Seatofmypants said: I can agree with that. What gives me a little heartburn is the money that is being spent now, isn't like "The New Deal" we aren't really getting anything to show for it.....and that sucks. People just want that "free" money.... Our economy is hitched to the world though, so whatever they need to do to keep it going they are going to do.....and I honestly think we are going to see negative rates from the fed to keep this going...which is insane.....but it is going to keep the banks solvent from the upcoming wave of defaults. Its not a fundamentally sound plan of fiscal sense thats for sure. Quote Link to comment Share on other sites More sharing options...
Advertising Member Seatofmypants Posted November 24, 2020 Advertising Member Share Posted November 24, 2020 Just now, Anler said: Its not a fundamentally sound plan of fiscal sense thats for sure. No. We aren't getting any value on the money spent..... sucks. We're a nation of consumers. Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted November 24, 2020 Share Posted November 24, 2020 (edited) 41 minutes ago, Anler said: You are correct, our dollar is still stronger than many other currencies but Ben is also correct that as costs go up our dollar locally is worth less. As I mentioned above, you are basically losing money by saving it. That’s called inflation. I had this discussion with a client yesterday. The guy is just scared shitless of the market and has left so much money on the table it’s not even funny. He has $1 million with me in over 900,000 CDs or cash equivalents, which are all coming to cannot be replaced. Meanwhile he let me put 100k into a conservative managed account, that’s 15% this year, more than the other 900,000 has made total Edited November 24, 2020 by DriftBusta Quote Link to comment Share on other sites More sharing options...
f7ben Posted November 24, 2020 Author Share Posted November 24, 2020 13 minutes ago, DriftBusta said: That’s called inflation. I had this discussion with a client yesterday. The guy is just scared shitless of the market and has left so much money on the table it’s not even funny. He has $1 million with me in over 900,000 CDs or cash equivalents, which are all coming to cannot be replaced. Meanwhile he let me put 100k into a conservative managed account, that’s 15% this year, more than the other 900,000 has made total Nobody with a brain is buying here. It’s the biggest bubble in history by far and getting worse daily Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted November 24, 2020 Share Posted November 24, 2020 Just now, f7ben said: Nobody with a brain is buying here. It’s the biggest bubble in history by far and getting worse daily Keep doing you. I’ll do me. US Steel up 21% today. Quote Link to comment Share on other sites More sharing options...
f7ben Posted November 24, 2020 Author Share Posted November 24, 2020 1 minute ago, DriftBusta said: Keep doing you. I’ll do me. US Steel up 21% today. Yah....they announced they’re only losing 100 million this quarter their PE ration is infinity Quote Link to comment Share on other sites More sharing options...
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