To the extent that economic and stock market numbers today are "good"

[spooky3]

It is SPEAKER PELOSI and the Dems, not Trump and the Repubs, who deserve credit.

[orwell]

1. Never guage the real economy...

...by the stock market. As a famous trader one told me the stock market is always wrong. The best you can say about the stock market is that it is the perfect example of the The Extraordinary Madness of Crowds. It is the first "social media" platform.

The economic numbers are uniformly terrible. And that is with the Trump Admin "massaging" them like Lindsey Graham's cabana boy. This is the worst economy I have ever seen in my lifetime and I have been following economic data since I started as a hedge fund trader in 1982. I have bee through multiple crashes and multiple bull markets. I have never seen anything like this.

You have just had almost 6 Trillion dollars between Fed balance sheet expansion and direct congressional fiscal spending and the best they can do is around 15% unemployment with bankruptcies and credit downgrades at a historic level.

Smoke and mirrors...

[spooky3]

3. but this is a different point than the one I am making. Notice that I separated "economic" from

"stock market" and that I put the word "good" in quotes.

My point is that *IF* any credit is due, it belongs to the Dems, who took aggressive actions to address the COVID crisis, and not to eh Republicans.

[orwell]

4. Well then you have to give the R's credit as well...

...Trump has hectored Powell into subservience. It was the Fed that kicked off the rally when they stepped in with the massive "liquidity injection", not the legislation. They injected 2.5 Trillion in 6 weeks starting the week of 3/11 to 3/18.

The R's corporate friendly bill as it was delivered without changes by the Dems would have also added fiscal stimulus.

The difference that the Dems made was in increasing the fiscal stimulus and making it much more worker/family friendly.

The bottom line is that the stock market is no longer allowed to correct. We have all been trained that the Fed will always be there to protect the investor class.

This is nothing like a "free market". We should stop telling ourselves the fairy tale that it is.

[uponit7771]

2. The growth in the stock market is not organic and the huge leg ups are all after market