Real World Event Discussions
Dow @ 20K. Time to jump off!
POSTED BY: JO753
UPDATED: Friday, April 4, 2025 13:08
VIEWED: 120054
PAGE 110 of 119
Wednesday, April 8, 2020 7:48 PM
Quote:
Originally posted by JO753:
Thats an interesting idea.
The GDP iz going to be extreemly low this yir. Will the stok market be forst down proportionately?
I woud gess that it wont be proportional, it will be worse kuz there will be a herd panic reaction. Maybe even a chain reaction.
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DUZ XaT SEM RiT TQ YQ? - Jubal Early
http://www.7532020.com .
Hey, if we knew the answer to that, we'd be rich men JO.
By all rights, the DOW should be 8,000 right now and still dropping.
Do Right, Be Right. :)
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Wednesday, April 8, 2020 7:57 PM
There have been numerous occasions when the stock market was too high compared to the economy. The market crashed and stayed down until the economy grew enough to justify the high prices from before the crash. And market history tells us that the very deepest bear markets take much longer to return to their previous highs — 7½ years on average.
www.marketwatch.com/story/a-reality-check-for-market-bulls-its-going-t
o-be-a-long-slog-for-stocks-2020-04-08
Bull market peak | bear market | % decline | time to reach previous highs
Oct. 9, 2007 17 months 56.8% 6 years
Mar. 24, 2000 18 months 49.1% 5 years
Aug. 25, 1987 3 months 33.5% <2 years
Jan. 11, 1973 21 months 48.2% 7 years
Dec. 2, 1968 18 months 36.1% <2 years
Sept. 5, 1940 24 months 34.5% 5 years
Mar. 11, 1937 12 months 54.5% 8 years
Sept. 16, 1929 32 months 86.2% 25 years
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly
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Monday, April 13, 2020 4:00 PM
Quote:Donald J. Trump @realDonaldTrump
Originally posted by 6IXSTRINGJACK:Quote:
Originally posted by second:
Look who is insanely proud himself this morning:
Donald J. Trump @realDonaldTrump
BIGGEST STOCK MARKET RISE IN HISTORY YESTERDAY!
7:08 AM · Mar 14, 2020·Twitter for iPhone
https://twitter.com/realDonaldTrump/status/1238799084263260161
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly
Yup. Kind of exactly like you and T having nothing at all to say in JSF's DOW thread until the market tanked.
Exactly like it. Yup.
Do Right, Be Right. :)
This week, in only 4 days, we had the biggest Stock Market increase since 1974. We have a great chance for the really big bounce when the Invisible Enemy is gone!
6:30 AM · Apr 10, 2020
https://twitter.com/realDonaldTrump/status/1248574029289619458
Why the Stock Market Is Healthy as Americans Die
This past week the S&P 500 went up 301 points, or 12 percent, its best performance in 46 years. During the same week, the reported number of Americans killed by Covid-19 went up 11,499, or 161 percent, the coronavirus’s best performance ever. Also last week, over 6 million Americans filed for unemployment. The recent cumulative total of newly-unemployed is 16.8 million people, or about one in ten workers. So this seems like a good time to reevaluate our treasured belief that a rising stock market reflects general human flourishing.
The combination of this bad news with the stock market’s ebullience makes it tough not to think that it actively delights in human suffering. During the 1990s in particular, it was notorious for leaping upward when corporations announced massive layoffs.
This is not the case, however. Rather, the stock market is simply agnostic about human happiness. It’s just a best-guess measure of future post-tax corporate profitability. If future post-tax corporate profitability is compatible with people being alive and having enough to eat, that’s okay. If not, that’s likewise totally fine. We’re just not part of the equation.
Looked at through this lens, the stock market’s latest behavior is easy to understand. As Dean Baker, senior economist at the Center for Economic and Policy Research in Washington, D.C., puts it: “We should take the recent jump to mean that investors are betting that Congress and Trump just gave them lots of money.”
What matters is that the Trump administration will pay any price, bear any burden, meet any hardship to keep big corporations alive and profitable. That is, from the GOP’s perspective, the sole legitimate function of the U.S. government. And given their ferocious commitment and the government’s financial firepower, they have a plausible shot at success.
So get ready for further triumphalist tweets from Trump anytime the stock market goes up.
https://theintercept.com/2020/04/12/why-the-stock-market-is-healthy-as
-americans-die/
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly
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Monday, April 13, 2020 8:41 PM
Quote:
Originally posted by second:
Why the Stock Market Is Healthy as Americans Die
Why would the stock market ever be healthy since Americans Die all the time?
Quote:
...The stock market is simply agnostic about human happiness.
True.
Quote:
It’s just a best-guess measure of future post-tax corporate profitability.
True.
Quote:
If future post-tax corporate profitability is compatible with people being alive and having enough to eat, that’s okay.
True.
Quote:
If not, that’s likewise totally fine. We’re just not part of the equation.
False.
The market wouldn't be doing well if we were starving, and there were already full blown riots out on the streets because everything was shut down and people were stripped of their lives and livelihoods with no end in sight AND no massive bailout on a personal level.
Though corps are making a lot of money right now, individuals are getting a huge amount of money too. I'm not talking about the $1,200 checks for working Americans either. I'm talking about the 39 weeks of unemployment and the $600 additional per week for 4 months, plus boosts to existing programs for low income families and protections from losing them for any reason now (including the $600/week payouts that would normally see millions of families lose medicaid and food stamps in good times).
I think the way this whole thing has been handled (not by Trump, but by state governors that shut everything down) is going to prove to be a HUGE overestimation and devastating long-term for our economy, but nearly everyone will survive and we'll all get back to work and get back to buying a bunch of shit we don't need like good little robots obeying our programming.
THIS is a major component to why the markets started behaving, and to ignore that is stupid.
Quote:
Looked at through this lens, the stock market’s latest behavior is easy to understand. As Dean Baker, senior economist at the Center for Economic and Policy Research in Washington, D.C., puts it: “We should take the recent jump to mean that investors are betting that Congress and Trump just gave them lots of money.”
That is only half the equation, as I stated above. But that's all you read because The Intercept is framing a narrative that you're thrilled to read about.
Do Right, Be Right. :)
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Monday, April 13, 2020 9:02 PM
Quote:
Originally posted by 6IXSTRINGJACK:
Yup. Kind of exactly like you and T having nothing at all to say in JSF's DOW thread until the market tanked.
Exactly like it. Yup.
Dow @ 20K. Time to jump off!
POSTED BY: JO753
UPDATED: Monday, April 13, 2020 10:41
SHORT URL:
VIEWED: 34927
PAGE 22 of 22
T
Deep state describes dedicated, educated professionals.
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Monday, April 13, 2020 9:13 PM
Quote:
Originally posted by THG:Quote:
Originally posted by 6IXSTRINGJACK:
Yup. Kind of exactly like you and T having nothing at all to say in JSF's DOW thread until the market tanked.
Exactly like it. Yup.
Dow @ 20K. Time to jump off!
POSTED BY: JO753
UPDATED: Monday, April 13, 2020 10:41
SHORT URL:
VIEWED: 34927
PAGE 22 of 22
T
Deep state describes dedicated, educated professionals.
Yeah? What's your point, Ted?
CURRENT DOW: 23,146.94
I'm no fan of the DOW, and I think it's gambling even during good times.
But I won't pass up an opportunity to call you idiots out whenever you serve it up on a silver platter for me.
Do Right, Be Right. :)
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Monday, April 13, 2020 10:26 PM
Quote:
Originally posted by 6IXSTRINGJACK:Quote:
Originally posted by THG:Quote:
Originally posted by 6IXSTRINGJACK:
Yup. Kind of exactly like you and T having nothing at all to say in JSF's DOW thread until the market tanked.
Exactly like it. Yup.
Dow @ 20K. Time to jump off!
POSTED BY: JO753
UPDATED: Monday, April 13, 2020 10:41
SHORT URL:
VIEWED: 34927
PAGE 22 of 22
T
Deep state describes dedicated, educated professionals.
Yeah? What's your point, Ted?
CURRENT DOW: 23,146.94
I'm no fan of the DOW, and I think it's gambling even during good times.
But I won't pass up an opportunity to call you idiots out whenever you serve it up on a silver platter for me.
Do Right, Be Right. :)
Recently you admitted to wish that Kevin was your name. Who is Ted? If you think that is my name you should back it up with some evidence. Otherwise, I'll know you're just pissed off about your ID being made public, my knowing it, and you are lashing out.
At any rate, answer the question, don’t answer it. No skin off my nose either way Kev.
T
Deep state describes dedicated, educated professionals.
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Monday, April 13, 2020 11:05 PM
Quote:In an analysis published Thursday, investor Ned Davis pointed out that the stock market does better than average when unemployment spikes. Davis’ research shows that a jobless rate over 6% correlates with the stock market rising 13.7% per annum.
Originally posted by 6IXSTRINGJACK:
That is only half the equation, as I stated above. But that's all you read because The Intercept is framing a narrative that you're thrilled to read about.
Do Right, Be Right. :)
“When you remove near term bankruptcy risk from every publicly held company regardless of credit rating or near-term financial condition, asset prices should rise,” DataTrek’s Nicholas Colas wrote in a note published on Friday. “Markets know that no matter how bad cash flow might be there is a Fed loan backstop waiting in the wings if needed.”
www.marketwatch.com/story/why-this-screenshot-of-cnbcs-mad-money-host-
jim-cramer-is-everything-that-is-wrong-with-america-2020-04-12
The Joss Whedon script for Serenity, where Wash lives, is Serenity-190pages.pdf at www.mediafire.com/folder/1uwh75oa407q8/Firefly
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Tuesday, April 14, 2020 1:18 AM
Quote:
Originally posted by THG:Quote:
Originally posted by 6IXSTRINGJACK:Quote:
Originally posted by THG:Quote:
Originally posted by 6IXSTRINGJACK:
Yup. Kind of exactly like you and T having nothing at all to say in JSF's DOW thread until the market tanked.
Exactly like it. Yup.
Dow @ 20K. Time to jump off!
POSTED BY: JO753
UPDATED: Monday, April 13, 2020 10:41
SHORT URL:
VIEWED: 34927
PAGE 22 of 22
T
Deep state describes dedicated, educated professionals.
Yeah? What's your point, Ted?
CURRENT DOW: 23,146.94
I'm no fan of the DOW, and I think it's gambling even during good times.
But I won't pass up an opportunity to call you idiots out whenever you serve it up on a silver platter for me.
Do Right, Be Right. :)
Recently you admitted to wish that Kevin was your name.
lol. No I didn't. A deep Google search of my handle and previous post history doesn't show that either, although she claims I said it at some point. I've talked about Kevin Spacey, Kevin Kostner and quoted some links Second has posted that were written by some lefty shill named Kevin Drum, but I've never said my name was Kevin.
That's fine though. I'm alright with the idea that you all think my name is Kevin. You'll have as good of a chance doxxing me one day if you try to find a Kevin in Indiana as you would Jack.
Quote:
Who is Ted?
Ted Bundy. That's your nickname now. You earned it.
Quote:
If you think that is my name you should back it up with some evidence. Otherwise, I'll know you're just pissed off about your ID being made public, my knowing it, and you are lashing out.
lol sure. But that's not the case here. Please, refer to me as Kevin. Kev is fine too.
Do Right, Be Right. :)
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Tuesday, April 14, 2020 2:01 AM
Quote:
Originally posted by 6IXSTRINGJACK:Quote:
Originally posted by THG:Quote:
Originally posted by 6IXSTRINGJACK:Quote:
Originally posted by THG:Quote:
Originally posted by 6IXSTRINGJACK:
Yup. Kind of exactly like you and T having nothing at all to say in JSF's DOW thread until the market tanked.
Exactly like it. Yup.
Dow @ 20K. Time to jump off!
POSTED BY: JO753
UPDATED: Monday, April 13, 2020 10:41
SHORT URL:
VIEWED: 34927
PAGE 22 of 22
T
Deep state describes dedicated, educated professionals.
Yeah? What's your point, Ted?
CURRENT DOW: 23,146.94
I'm no fan of the DOW, and I think it's gambling even during good times.
But I won't pass up an opportunity to call you idiots out whenever you serve it up on a silver platter for me.
Do Right, Be Right. :)
Recently you admitted to wish that Kevin was your name.
lol. No I didn't. A deep Google search of my handle and previous post history doesn't show that either, although she claims I said it at some point. I've talked about Kevin Spacey, Kevin Kostner and quoted some links Second has posted that were written by some lefty shill named Kevin Drum, but I've never said my name was Kevin.
That's fine though. I'm alright with the idea that you all think my name is Kevin. You'll have as good of a chance doxxing me one day if you try to find a Kevin in Indiana as you would Jack.
Quote:
Who is Ted?
Ted Bundy. That's your nickname now. You earned it.
Quote:
If you think that is my name you should back it up with some evidence. Otherwise, I'll know you're just pissed off about your ID being made public, my knowing it, and you are lashing out.
lol sure. But that's not the case here. Please, refer to me as Kevin. Kev is fine too.
Do Right, Be Right. :)
OK I see. Then you are calling me Ted because you're upset and are lashing out. Go for it kev.
T
Deep state describes dedicated, educated professionals.
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