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PostPosted: Mon Mar 23, 2020 8:17 am 
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billypootons wrote:
this stimulus plan just sounds stupid. it's not enough money to help those with no safety net or savings. are there links to any economists that actually think this will help long term?


There’s plenty of free meals at Downers Grove schools.

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PostPosted: Mon Mar 23, 2020 8:27 am 
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CNBC seems to really want Congress to pass this corporate stimulus package

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PostPosted: Mon Mar 23, 2020 8:29 am 
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Jbi11s wrote:
CNBC seems to really want Congress to pass this corporate stimulus package


They tend to cheerlead anything that is bullish for the market.

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PostPosted: Mon Mar 23, 2020 8:34 am 
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Interesting.

I see the angle now.

Thanks Denis.

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PostPosted: Mon Mar 23, 2020 8:34 am 
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The corporate bond buy back program is great for the state, my comrades.


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PostPosted: Mon Mar 23, 2020 8:38 am 
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Stimulus package? That's funny.

What do we do next year for COVID-20?


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PostPosted: Mon Mar 23, 2020 8:40 am 
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Nardi wrote:
Stimulus package? That's funny.

What do we do next year for COVID-20?


Just keep printing money. The game never ends until people lose faith in fiat currencies. Last crisis, I almost went on a precious metal buying spree. But I figure if it comes to that, guns are going to be more valuable. And I am not a gun guy.

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PostPosted: Mon Mar 23, 2020 8:58 am 
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denisdman wrote:
Nardi wrote:
Stimulus package? That's funny.

What do we do next year for COVID-20?


Just keep printing money. The game never ends until people lose faith in fiat currencies. Last crisis, I almost went on a precious metal buying spree. But I figure if it comes to that, guns are going to be more valuable. And I am not a gun guy.

Ammo


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PostPosted: Mon Mar 23, 2020 9:04 am 
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Italy is going to have a very nice herd immunity and a vibrant young population.


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PostPosted: Mon Mar 23, 2020 9:06 am 
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Nardi wrote:
Stimulus package? That's funny.

What do we do next year for COVID-20?

It is my experience when the people ask questions that aren't in their best interests..that they should mind on their labor, and leave maters of state, to the state.


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PostPosted: Mon Mar 23, 2020 9:11 am 
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Nardi wrote:
Italy is going to have a very nice herd immunity and a vibrant young population.


:lol: Yeah they did have a little population problem before this.

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PostPosted: Mon Mar 23, 2020 9:28 am 
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Caller Bob wrote:
Nardi wrote:
Stimulus package? That's funny.

What do we do next year for COVID-20?

It is my experience when the people ask questions that aren't in their best interests..that they should mind on their labor, and leave maters of state, to the state.


I apologize, Comrade Kommissar, but I need a Browning X Bolt, an AR-15, an S&W .38, and pallet of ammo. I have a pretty daughter to barter.


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PostPosted: Mon Mar 23, 2020 10:33 am 
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There it goes.


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PostPosted: Mon Mar 23, 2020 10:47 am 
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16,000 by end of this week.


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PostPosted: Mon Mar 23, 2020 10:48 am 
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Can't lose your retirement if you never had any money saved to begin with!

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PostPosted: Mon Mar 23, 2020 10:49 am 
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Saying the pool's closed until June was a death sentence.


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PostPosted: Mon Mar 23, 2020 11:49 am 
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It’s not as bad!


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PostPosted: Mon Mar 23, 2020 11:51 am 
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At least members of congress got their money out before it collapsed!

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Not over yet.
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PostPosted: Mon Mar 23, 2020 2:28 pm 
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Imagine the decade of the 2020s if this year the the S & P is down 70%. 233% gain is needed to get back to the high. The other 9 years average +10%. Say dividends bring the other nine years to +100%. End of year 2029 you're only recouped 43% of your losses. Then what if the 2030s are flat? That's 19 years recouping only 43% of your losses.


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PostPosted: Mon Mar 23, 2020 2:39 pm 
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The market has been grossly overvalued since 401Ks went into effect.


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PostPosted: Mon Mar 23, 2020 3:23 pm 
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Nardi wrote:
The market has been grossly overvalued since 401Ks went into effect.


and zero innerest rates became the norm.

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PostPosted: Mon Mar 23, 2020 3:27 pm 
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Nardi wrote:
The market has been grossly overvalued since 401Ks went into effect.


1974?

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PostPosted: Mon Mar 23, 2020 3:35 pm 
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denisdman wrote:
Nardi wrote:
The market has been grossly overvalued since 401Ks went into effect.


1974?

1980. Popularized by 85.


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PostPosted: Mon Mar 23, 2020 4:04 pm 
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Nardi wrote:
denisdman wrote:
Nardi wrote:
The market has been grossly overvalued since 401Ks went into effect.


1974?

1980. Popularized by 85.


Ok Erisa was passed in 1974.

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PostPosted: Mon Mar 23, 2020 7:49 pm 
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denisdman wrote:
Nardi wrote:
denisdman wrote:
Nardi wrote:
The market has been grossly overvalued since 401Ks went into effect.


1974?

1980. Popularized by 85.


Ok Erisa was passed in 1974.

1978: Congress passed the Revenue Act of 1978, including a provision — Section 401(k) — that gave employees a tax-free way to defer compensation from bonuses or stock options. The law went into effect on January 1, 1980.

https://www.cnbc.com/2017/01/04/a-brief ... etire.html


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PostPosted: Mon Mar 23, 2020 9:09 pm 
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I smell a brawl brewing.

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PostPosted: Tue Mar 24, 2020 2:11 pm 
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Regular Reader wrote:
I smell a brawl brewing.

The stock market has had a money tree growing at the corner of Broad and Wall since 1985.
It doesn't take a financial genius. All it takes is a 5 gallon bucket and a ladder.

Looking for a reason for income inequality? BINGO


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PostPosted: Tue Mar 24, 2020 2:48 pm 
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Regular Reader wrote:
I smell a brawl brewing.


No he’s spot on. And sadly I have been writing pension plan coverage for twenty years. Of course DC plans are subject to Erisa, and I just always assumed that law created 401k’s.....wrongly..

Our deep capital markets have also created world leading companies. So yes Wall Street enriches those who hold investments, but it also provides the job engine that has kept unemployment among the developed worlds lowest for many decades.

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PostPosted: Tue Mar 24, 2020 3:00 pm 
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What a rebound! God bless the POTUS!


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PostPosted: Tue Mar 24, 2020 3:04 pm 
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Yup. He put away the Orange Twat mask. Thank God.


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