Article

2020-04-26 Economy

Why Markets Are Rallying as Millions Become Unemployed

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Posted by Clem 2020-04-26 00:00|| || Front Page|| [11125 views ] Top

#1 Wall Street loves pain on Main Street. This has been known forever.

Posted by M. Murcek 2020-04-26 00:49|| 2020-04-26 00:49|| Front Page Top

#2 Buy on the next dip.

Either the lockdown ends within a month or we will have mass violence in this country.

Prediction: no violemce. Instead, our idiot governors will see a few brave souls moving forward and will capitulate in rapid succession.

Posted by Lex 2020-04-26 01:13|| 2020-04-26 01:13|| Front Page Top

#3 Where can I bet on quarantine cultists tears?

Posted by M. Murcek 2020-04-26 01:29|| 2020-04-26 01:29|| Front Page Top

#4 May is it for me. I'm going to find someplace to get a damned haircut. Did everyone/anyone see that cartoon/joke where a supposed hooker leans into a car window and says 'I'll do anything for $50', and the car's occupant says "can you cut my hair?" I may (I do) have a low sense of humor but I thought that was hilarious. I comes in second only to the same picture entitled "how I met your mother".

Posted by Whiskey Mike 2020-04-26 01:31|| 2020-04-26 01:31|| Front Page Top

#5 Because markets are not really connected to actual economy?

Posted by g(r)omgoru 2020-04-26 03:17|| 2020-04-26 03:17|| Front Page Top

#6 It's another game of speculation. It's a herd that gets spooked in an environment in which the signal is designed to spook. Chicken Little was the very first reporter.

Posted by Procopius2k 2020-04-26 07:50|| 2020-04-26 07:50|| Front Page Top

#7 And when US T-bills pay around around 0%, money has gotta go somewhere, and that somewhere will be the stock market. I should think Europeans are not too keen on negative interest rates, either.

Posted by Clem 2020-04-26 08:16|| 2020-04-26 08:16|| Front Page Top

#8 Land Army volunteers are left without jobs as plan to get Brits picking crops falls flat – as farmers receive death threats for flying in foreigners but say 'you haven't done this work for years'

Posted by Skidmark 2020-04-26 09:54|| 2020-04-26 09:54|| Front Page Top

#9 Gold is bouncing around $1800-2000/ounce. The buying power of the dollar is not much if it takes ~$2000 to buy an ounce of gold. The govmint printing presses are running overtime.

Posted by JohnQC 2020-04-26 10:24|| 2020-04-26 10:24|| Front Page Top

#10 "Printing presses" are overheating. To simply dump a few trillion dollars into the economy is no small thing. Then, throw in the Repo crisis and bank woes in Europe, then you have gold potentially going through the roof.

I've read where 70% of USD cash (most 100's) are overseas with much of that in Europe. Europeans have a propensity of cancelling their currencies; the US never has. Wonder why there's a movement to go to digital currencies? Pelosi wants it, too. Hmmmm. Funny how it ties in to this COVID-19 spiel.

Posted by Clem 2020-04-26 10:33|| 2020-04-26 10:33|| Front Page Top

#11 "Printing presses" are overheating

Printing presses are so 20th Century. Now the Fed magically creates money and distributes it by computer. Major banks and money houses exchange those magic dollars among themselves. If you use a credit card, you are also play a part of the magic money system. Now if for some reason the electricity goes out for an extended period of time, those printed bills and minted coins will have to be resurrected and a lot of houses of magic money will collapse.

Posted by Procopius2k 2020-04-26 13:32|| 2020-04-26 13:32|| Front Page Top

23:53 Clem
23:47 trailing wife
23:32 Lex
23:28 Whiskey Mike
23:10 Clem
23:06 trailing wife
23:01 trailing wife
22:49 Lex
22:45 trailing wife
22:39 Bobby
22:34 Clem
22:30 Clem
22:27 Besoeker
22:26 Lex
22:24 Lex
22:16 Lex
22:12 bbrewer126
22:05 trailing wife
21:44 Bobby
21:41 Clem
21:39 SteveS
21:35 Clem
21:34 Frank G
21:32 KBK