This run is ninety-nine percent Wall St. and the Feds. One percent Robinhood gamblers who just love STONKS memes.

Nothing brainlets love discussing more than their ignorant prophesies of economic doom. Everyone thinks they're Mike Burry despite the fact that they know absolutely nothing about how any of this works (hint: nobody really does).

But here's what you do when you see the dumbest of the dumb constantly spouting this shit: you buy. Always bet against the moron general public.

I am not sure if this is partially directed at me. But a few points-

1) I have advocated to everyone to stay invested. I never wavered as you can see in this thread in February and March. If you’re not in the market, then dollar cost average in,
2) The Fed has put a floor on stocks because of easy money policies. I think that is your point in a subsequent post,
3) The Fed has also set interest rates indirectly by its vast open market operations (Q.E. in Street speak).
4) Congress has backstopped the economy with its vast fiscal stimulus programs.

So there we have it. This isn’t traditional economics or capitalism. It is an unconventional use of the reserve currency that isn’t backed by anything more than the figurative printing press and our ongoing faith in the traditional system.

When the faith breaks, the system collapses.

The menstrual cycle changes among Hassidic Jewish women was something as well.

Why ever let the market go down then? Seems like people don't like when that happens.

Are you stoned or pissed off, or both, when you create these postings?

It feels like we are past the point where the government can even let it go down substantially. So much is pinned to the market (especially pension funds), that they will do whatever it takes, including direct stock purchases (we're pretty much there already with corporate bond buying).

Hence, When the faith breaks, the system collapses.

The menstrual cycle changes among Hassidic Jewish women was something as well.

The debt will be be hugely reduced when the economy takes off in a few months. Meat prices are up because of Covid affecting the meat processing plants. The only thing that can drastically affect the economy and cast it into a recession/depression if Biden winning and fucking up the economy like he will.

The debt will be reduced? Not a chance because of the crooks in Washington. The U.S. government has had nothing but deficit spending since Nixon took the country off the gold standard. Trump considers the Treasury under Mnunchin his own personal piggy bank. He even has his name signed to the stimulus checks. Whenever anyone ever asks him about the increasing deficit, his response always is, "We gotta have a country." In other words, there can be no country without massive deficit spending. And there's even less political will to reign in spending because of COVID and it's economic impact.

The only chance the deficit is ever reduced before the dollar is devalued massively is a true conservative is elected President with a conservative Congress behind him. Trump couldn't be farther from the idea of fiscal conservatism.

This is just blatant manipulation today. They pump the futures overnight to +200 on the DOW and the cash index goes nowhere all day.

The market has some heavy overhead resistance here. It bumping up against previous support but now resistance.

It’s not driven by any fundamentals. The movements are being pumped by very low interest rates and excessive money in the system. It’s a game we have to play and can only hope the day of reckoning never comes. The global financial system is a train wreck waiting to happen.

Are you stoned or pissed off, or both, when you create these postings?

Mortgage Delinquencies soar to decade high.

From ZeroHedge.

https://www.zerohedge.com/markets/mortg ... ecade-high

Sure it is driven by fundamentals.

Mortgage Delinquencies soar to decade high.

From ZeroHedge.

https://www.zerohedge.com/markets/mortg ... ecade-high

Are you stoned or pissed off, or both, when you create these postings?

Mortgage Delinquencies soar to decade high.

From ZeroHedge.

https://www.zerohedge.com/markets/mortg ... ecade-high

The menstrual cycle changes among Hassidic Jewish women was something as well.

Why does Tyler Durden give a fuck about mortgage delinquencies? He should be blowing up credit card companies.

Dow down 800. Ouch!

I've been warning you.

Dow down 800. Ouch!

I've been warning you.

It'll gain it back by this time next week.

Dow down 800. Ouch!

I've been warning you.

“Tech stocks, and the overall market, hadn’t really had a bad day since June, so this is a healthy breather. It was never just going to be a straight line up. But the long-term structural support for technology has not changed and support for equities has not either,” said Esty Dwek, head of global macro strategy for Natixis Investment Managers, in emailed comments.

Investors have been calling for a rotation away from the leading tech stocks to the broader market in the hopes that it would strengthen the stock-market rally’s foundations.

“There is a sort of benign way that this excess can be corrected through a process of rotation,” said Liz Ann Sonders, chief investment strategist at Schwab, in an interview. She said positive economic data could lay the path for a more sustainable rally.

Thursday’s round of economic data continued to point to a steady recovery, though the prospects for the labor market were unclear ahead of Friday’s official jobs report.

New applications for unemployment benefits in the latest weekly period ending in Aug. 29 fell 130,000 to a seasonally adjusted 881,000 or lower than the consensus estimate of 940,000 but this was after the Labor Department said last week it tweaked its seasonal adjustment method amid the COVID-19 pandemic. The unadjusted or real number of initial jobless claims rose slightly to 833,353 from 825,761, indicating there was barely any change last week in how many people are applying for benefits.

https://www.marketwatch.com/story/dow-l ... 2020-09-03

:lol:

Dems still loooking for armageddon.

See: