General Discussion
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(11,296 posts)PatSeg
(47,447 posts)and continue to do and say the same stupid crap. If it goes down, however, it is always someone else's fault.
NCDem47
(2,248 posts)Which he'll hog all the spotlight for, even though he did not lift his own fingers on.
Amazing how when the market goes down, nary a word from that gas bag. But when on the way up, boy, sure loves to chime in then!
All so expected. Don't know why I let it bother me.
He is so predictable. If its good, then HE did it! If its bad, blame Obama or China or Hillary or the Dems. While members of congress have been working long hours trying to put together a stimulus bill, Trump was watching TV and tweeting bullshit.
I think it is okay to let it bother you. It should bother all of us that our president is a lazy, lying fraud who is putting many lives at risk.
GusBob
(7,286 posts)So glad I dont invest with those bloodsuckers
JHB
(37,160 posts)It'll turn on a dime if they get the jitters again.
And if this encourages him to "get things moving again" only for that to result in a new spike in infections, watch it fall.
Whooptie-do for how it acts in the first 15 minutes of the day.
Hugin
(33,147 posts)This routine by the Trump Traitors is classic pump-n-dump.
They're desperate to cut their losses and they don't care who it hurts as long as they get out with a few extra pennies.
It's going to take a heck of a lot more than they've even been talking about with this so called stimulus to move the needle on a 35% loss of Trillions of Dollars.
uponit7771
(90,339 posts)Hugin
(33,147 posts)Given current events.
My thinking is the level we are seeing now (around 18 - 19k) is a support level based on the real market value + around a believable 4 - 4.5% gain from three years ago. If the COVID-19 mitigation by the State and Local actions is successful in leveling the curve on infections, it could very well stay at around this level. But, if it gets much worse (as it likely will with Trumpaloopa's Traveling Shit Show) then we may see a decline to the levels you're talking about or even lower. However, it will be at the expense of core market valuation and that's very difficult to get back and slow.
Due to the market manipulation I've been seeing over the past 3 years resulting in the Trump Bubble, I've given up on trying to figure it out. There's no forecasting manipulated markets. What they've been doing is criminal and I doubt any of them will ever see a day in court over it because of regulatory capture and disaster capitalism. We're starting to get into fundamentals now and forecasting is easier.
Bengus81
(6,931 posts)and the more the better for the economy. As opposed to the same BS with these Corporate stock buy backs,layoffs five minutes after the check is deposited and FAT raises,stock options and bonuses for the asshats at the top.
customerserviceguy
(25,183 posts)is figuring how to shaft the little people, who it has suckered into the casino.
Take advantage of this sucker rally, or wait until the Dow goes below 10K.
kentuck
(111,097 posts)Big $$$ signs in their eyes.
Amishman
(5,557 posts)even if we start seeing light at the end of the tunnel, those figures will start exposing just how much damage has been done
Amishman
(5,557 posts)fools rally