Hmmm....the market is kicking ass and taking names lately...

[TomGshotput]

Jobs report came out showing numbers going up. I remember pointing out how Amazon, Wal-Mart, Instacart, and plenty of others had lots of job openings available to anyone who wanted to work. The doom and gloom Liberals around here insisted that didn't matter and we needed the government to save people who were out of work. Lets see what lies they try to spin now.

 

[bodyforlife]

Krugman says it's because orangebadman has someone inside the Bureau of Labor Statistics fudging the numbers. First time in my life I've heard an economist suggest such bullshit especially when he was 100% on-board with the disastrous numbers over the past 2 months

remember this is the guy who claims his computer was hacked to download child porn...

here's his tweet from 1.5 hours ago (which he will probably delete soon).

This being the Trump era, you can't completely discount the possibility that they've gotten to the BLS, but it's much more likely that the models used to produce these numbers — they aren't really raw data — have gone haywire in a time of pandemic

Krugman...eck! I haven't heard that prick's name in a long time.

 

[KennyB]

The dems keep trying to fuck up the economy. Lock down for the Chinese virus but now the lockdown is over. Civil unrest isnt working either. Fuck the Democrats.

 

[TomGshotput]

Stock market is no up 34% since the governor announced businesses would have to close (which was very close to the date for most other states). Liberals who were saying this would bring out economic doom and gloom look like complete idiots. That's 34% in less than three months. There were Liberals here saying economic hardships would destroy the country and cause more health problems than coronavirus. But where are these widespread economic hardships going to come from when the market is going up so much? Has anyone been more wrong about anything?

 

[StevieRay]

Stock market is no up 34% since the governor announced businesses would have to close (which was very close to the date for most other states). Liberals who were saying this would bring out economic doom and gloom look like complete idiots. That's 34% in less than three months. There were Liberals here saying economic hardships would destroy the country and cause more health problems than coronavirus. But where are these widespread economic hardships going to come from when the market is going up so much? Has anyone been more wrong about anything?

only thing wronger was that flu bug. Lol

 

[tanner12oz]

Killing it here and made a couple nice moves during the crash..should have pressed hard instead of paying ahead on mortgage but things were looking dicey for a bit...gonna dump some oil plays and press on gold and some boring consumer staples next week

 

[Willie99]

I'm waiting for the next pullback, then buying more stock

 

[azbob]

The worse pandemic in 100 years...the worse riots in 50 years...what the hell event is going to cause a major downturn? (tongue-in-cheek as I can't believe the market is over 27,000 already

 

[bigbet1234]

Today's rally is pretty much based on the unemployment numbers

Exactly. When the bottom drops, hold your shorts. It’s gonna be ugly.

 

[bigbet1234]

Apple is about 35 cents from reaching an all-time high. All the indexes will reach new highs in a few weeks. This is all happening despite the thousands of small businesses that will fold. It's not like new jobs are being created. The amount of unemployed will remain much higher than it was before the virus. The "Piper" will get paid. Federal and state budgets will be slashed. People will be paying higher taxes. I fully expect my property tax to be raised in NJ. The market still isn't reflecting reality. Obviously people are returning to work. The carnage is still done and the consumer will be spending less money. The $600 weekly bonus is going to last forever.

Voice of reason. When it bottoms out it will be the worse thing the US has ever seen.

 

[bigbet1234]

Jobs report came out showing numbers going up. I remember pointing out how Amazon, Wal-Mart, Instacart, and plenty of others had lots of job openings available to anyone who wanted to work. The doom and gloom Liberals around here insisted that didn't matter and we needed the government to save people who were out of work. Lets see what lies they try to spin now.

Since this lockdown I thought you were bright, sorry. But after, not so much. And I’ve met you too.

 

[bigbet1234]

Sad everyone’s blindness in this thread. There are thousands of businesses, small ones at that, that will never come back. And there are many more bigger ones that will never reopen again either.

5 teamer bump this on 4-6 months. It will be a complete shot show, if not before then

 

[KennyB]

I was told this by you naysayers when I was buying as the market was crashing.

 

[bodyforlife]

I was told this by you naysayers when I was buying as the market was crashing.

I've been told since 2014-2015 that a recession was imminent. 6 years later and it still hasn't happened (even I am surprised). I know many people that did not listen to these naysayers (especially in regards to housing). I can't imagine a recession being so bad that it will make up for not buying then (especially where I was living....the San Francisco Bay Area). Prices are up $700k in that period of time. We still own that house and are happy to be getting just under $4k a month on rent. So glad we didn't listen to the naysayers also, when we bought for $280k. I rarely see people being successful trying to time out the market (but they're always good at cherry picking with their imaginary money).

 

[REDEYE]

Since this lockdown I thought you were bright, sorry. But after, not so much. And I’ve met you too.

I still think it has alot to do with all those hot dogs he's consumed.

 

[TomGshotput]

Since this lockdown I thought you were bright, sorry. But after, not so much. And I’ve met you too.

When everything opened up, I asked how any shutdowns effected people. Though you replied, no one gave an answer. That is pretty strong evidence that it has been business as usual.

 

[CHOPTALK]

Sad everyone’s blindness in this thread. There are thousands of businesses, small ones at that, that will never come back. And there are many more bigger ones that will never reopen again either.

5 teamer bump this on 4-6 months. It will be a complete shot show, if not before then

It’s a good thing there is no correlation between wall st and main st.
Otherewise you might have a point .

 

[SgtLanquel]

Sad everyone’s blindness in this thread. There are thousands of businesses, small ones at that, that will never come back. And there are many more bigger ones that will never reopen again either.

5 teamer bump this on 4-6 months. It will be a complete shot show, if not before then

If those failed enterprises were serving a legitimate level of demand, they will *all* come back just fine. Though many will be under different ownership

 

[KennyB]

There is a lot of pent of demand in this country as the lockdowns are over. I was out at a rodizio in Dania Beach last night that was as full as allowed. These were not people spending stimulus money. I will be out again tonight at a nice restaurant with my family. Dont discount this.

 

[tanner12oz]

Market is super dangerous right now..this Hertz, chk Robin hood traders shit is insane..