Koko78 Posted March 2, 2020 Share Posted March 2, 2020 1 hour ago, Chef Jim said: No they'll say "awwww *****! We'll never get rid of those boomers now!!" Is this before or after they complain that the cure is racist because he's going to make it so expensive that only white people can afford it? Link to comment Share on other sites More sharing options...
B-Man Posted March 2, 2020 Share Posted March 2, 2020 Dow jumps 1,290 points in biggest-ever point gain https://finance.yahoo.com/news/stock-market-news-live-updates-march-2-2020-003013975.html Link to comment Share on other sites More sharing options...
Tiberius Posted March 3, 2020 Share Posted March 3, 2020 1/2 percentage rate drop by Fed Link to comment Share on other sites More sharing options...
TPS Posted March 3, 2020 Share Posted March 3, 2020 7 minutes ago, Tiberius said: 1/2 percentage rate drop by Fed As I mentioned, nice little sugar jolt for the stock market, but as the numbers of cases increases, traders will "reevaluate" since lower rates don't compensate for a drop in demand... Link to comment Share on other sites More sharing options...
Foxx Posted March 3, 2020 Share Posted March 3, 2020 the overnight liquidity panic returned last night. Link to comment Share on other sites More sharing options...
Tiberius Posted March 3, 2020 Share Posted March 3, 2020 There’s talk of stimulus spending. Bailing out small businesses, infrastructure to pump up the economy. All that will have to run through Madam Speaker Link to comment Share on other sites More sharing options...
3rdnlng Posted March 3, 2020 Share Posted March 3, 2020 16 minutes ago, Tiberius said: There’s talk of stimulus spending. Bailing out small businesses, infrastructure to pump up the economy. All that will have to run through Madam Speaker Link? Link to comment Share on other sites More sharing options...
B-Man Posted March 3, 2020 Share Posted March 3, 2020 1 minute ago, 3rdnlng said: Link? Thank you. . Link to comment Share on other sites More sharing options...
Tiberius Posted March 3, 2020 Share Posted March 3, 2020 14 minutes ago, 3rdnlng said: Link? Just watching CNBC Link to comment Share on other sites More sharing options...
TPS Posted March 3, 2020 Share Posted March 3, 2020 11 minutes ago, Tiberius said: Just watching CNBC As I said, they will also need to provide funding to states affected the most. 1 Link to comment Share on other sites More sharing options...
3rdnlng Posted March 3, 2020 Share Posted March 3, 2020 24 minutes ago, Tiberius said: Just watching CNBC So, it's speculation? Link to comment Share on other sites More sharing options...
Warren Zevon Posted March 3, 2020 Share Posted March 3, 2020 Just now, 3rdnlng said: So, it's speculation? I know you're not Tibs dumb but the sentence started with "There's talk" .... so yeah.. maybe you are Tibs dumb Link to comment Share on other sites More sharing options...
Tiberius Posted March 3, 2020 Share Posted March 3, 2020 33 minutes ago, 3rdnlng said: So, it's speculation? Yes, so what? Does your stupid ass not like that? POS Link to comment Share on other sites More sharing options...
3rdnlng Posted March 3, 2020 Share Posted March 3, 2020 11 minutes ago, Tiberius said: Yes, so what? Does your stupid ass not like that? POS My experience with the MSM and speculation is that it's all bs designed to make the right look bad. Link to comment Share on other sites More sharing options...
Warren Zevon Posted March 3, 2020 Share Posted March 3, 2020 On 3/2/2020 at 11:40 AM, Deranged Rhino said: Hope fudge is doing okay today Link to comment Share on other sites More sharing options...
Tiberius Posted March 3, 2020 Share Posted March 3, 2020 It’s almost as if the Feds move panicked the market Link to comment Share on other sites More sharing options...
TPS Posted March 3, 2020 Share Posted March 3, 2020 3 hours ago, Gary Busey said: Hope fudge is doing okay today It's never smart to make a conclusion based on one day's movement. 1 Link to comment Share on other sites More sharing options...
OldTimeAFLGuy Posted March 3, 2020 Share Posted March 3, 2020 ....FULL DISCLOSURE: not the brightest bulb in the lighting store; according to CDC, 61,000 died last year from the flu in the US alone......where was the panic for that?.....I missed the memo........ Link to comment Share on other sites More sharing options...
Warren Zevon Posted March 3, 2020 Share Posted March 3, 2020 No, you're obviously not the brightest bulb in the lighting store. Link to comment Share on other sites More sharing options...
TPS Posted March 3, 2020 Share Posted March 3, 2020 21 minutes ago, OldTimeAFLGuy said: ....FULL DISCLOSURE: not the brightest bulb in the lighting store; according to CDC, 61,000 died last year from the flu in the US alone......where was the panic for that?.....I missed the memo........ Do people with the flu get quarantined? Do governments shut down social events or quarantine entire cities because of the flu? What do you think would happen if we treated this as casually as we do the flu? Link to comment Share on other sites More sharing options...
keepthefaith Posted March 4, 2020 Share Posted March 4, 2020 (edited) 1 hour ago, TPS said: Do people with the flu get quarantined? Do governments shut down social events or quarantine entire cities because of the flu? What do you think would happen if we treated this as casually as we do the flu? Exactly. There is a huge difference between the two. The flu is a known commodity in society, happens yearly, there are vaccinations to prevent some of it and the death rate is very very low. Most of us have had it multiple times and know how to deal with it. This coronavirus thus far is an unknown in comparison. It appears to be highly contagious, there are no vaccines or treatments to date and the death rate (even though only the weak among us seem to die) is much higher. Fear of the unknown will change people's behavior and significantly if the number of active cases continues to increase. It doesn't take much of a change in consumer confidence and spending to cause a recession. We've been pedal to the metal with stimuli for the last decade + which has resulted in modest GDP growth on average. We love what that long expansion has done for equity markets but I don't see how this ***** virus doesn't cause a recession unless it quickly (in the next month or two) dissipates. It won't take much to go from +2.5% to -2.5% GDP for a couple quarters or more. Edited March 4, 2020 by keepthefaith 2 Link to comment Share on other sites More sharing options...
TPS Posted March 4, 2020 Share Posted March 4, 2020 12 hours ago, keepthefaith said: Exactly. There is a huge difference between the two. The flu is a known commodity in society, happens yearly, there are vaccinations to prevent some of it and the death rate is very very low. Most of us have had it multiple times and know how to deal with it. This coronavirus thus far is an unknown in comparison. It appears to be highly contagious, there are no vaccines or treatments to date and the death rate (even though only the weak among us seem to die) is much higher. Fear of the unknown will change people's behavior and significantly if the number of active cases continues to increase. It doesn't take much of a change in consumer confidence and spending to cause a recession. We've been pedal to the metal with stimuli for the last decade + which has resulted in modest GDP growth on average. We love what that long expansion has done for equity markets but I don't see how this ***** virus doesn't cause a recession unless it quickly (in the next month or two) dissipates. It won't take much to go from +2.5% to -2.5% GDP for a couple quarters or more. Good take. I expect we'll see a highly volatile market until there's some clarity. And to reiterate, if this admin fails to be transparent, the response (market) will be worse. Futures indicating a big positive swing today... Link to comment Share on other sites More sharing options...
Foxx Posted March 4, 2020 Share Posted March 4, 2020 (edited) this one goes in the 'delusional' folder. cue tibs in 3...2... https://twitter.com/eldamon/status/1235228736817070080 Edited March 4, 2020 by Foxx 3 Link to comment Share on other sites More sharing options...
Tiberius Posted March 4, 2020 Share Posted March 4, 2020 ? Biden already making things better! U.S. stocks post big gains as Biden’s surge offers respite from coronavirus news The Dow Jones industrial average jumped more than 600 points at the open. By Taylor Telford and Thomas Heath 1 hour ago Link to comment Share on other sites More sharing options...
Foxx Posted March 4, 2020 Share Posted March 4, 2020 Just now, Tiberius said: ? Biden already making things better! U.S. stocks post big gains as Biden’s surge offers respite from coronavirus news The Dow Jones industrial average jumped more than 600 points at the open. By Taylor Telford and Thomas Heath 1 hour ago yep, delusional. Link to comment Share on other sites More sharing options...
3rdnlng Posted March 4, 2020 Share Posted March 4, 2020 Gee, maybe the fear of a Sanders victory has lessened somewhat and given investors a little hope. Healthcare stocks have improved dramatically. Link to comment Share on other sites More sharing options...
Tiberius Posted March 4, 2020 Share Posted March 4, 2020 Government bailout of Trump economy being considered. The Libertarians won't say a thing at all. Tools Eight months from a general election, President Donald Trump and Republican lawmakers are considering an urgent effort to rescue the U.S. economy from a coronavirus panic. Trump advisers and GOP lawmakers have spent the past few days pushing the White House to develop a package of economic stimulus measures, designed to prop up the economy amid growing fears about the spread of the coronavirus in the U.S. https://www.politico.com/news/2020/03/03/trump-economic-record-coronavirus-119920 Link to comment Share on other sites More sharing options...
US Egg Posted March 4, 2020 Share Posted March 4, 2020 "Biden’s Strong Showing Pushes Stock Futures Higher" 3 Link to comment Share on other sites More sharing options...
keepthefaith Posted March 4, 2020 Share Posted March 4, 2020 45 minutes ago, I am the egg man said: "Biden’s Strong Showing Pushes Stock Futures Higher" I'm fine with millions of investors believing that. 2 Link to comment Share on other sites More sharing options...
B-Man Posted March 4, 2020 Share Posted March 4, 2020 2:30 EST Up over +825 now............ Thanks Joe. . 1 Link to comment Share on other sites More sharing options...
KRC Posted March 4, 2020 Share Posted March 4, 2020 11 minutes ago, B-Man said: 2:30 EST Up over +825 now............ Thanks Joe. . Is this another way for Obama to start taking credit again? 1 Link to comment Share on other sites More sharing options...
Koko78 Posted March 4, 2020 Share Posted March 4, 2020 3 hours ago, KRC said: Is this another way for Obama to start taking credit again? Of course. PRAISE BE OBAMA! Link to comment Share on other sites More sharing options...
SoCal Deek Posted March 5, 2020 Share Posted March 5, 2020 Wait a minute here....Maybe the market's reacting to Mini-Mike pulling out. Now he's free to invest his Billions in stocks rather than in nonsensical television commercials. 2 Link to comment Share on other sites More sharing options...
B-Man Posted March 5, 2020 Share Posted March 5, 2020 Data show U.S. economy on solid footing as coronavirus fears mount. U.S. services sector activity jumped to a one-year high in February, suggesting strength in the economy before a recent escalation of recession fears ignited by the coronavirus epidemic that prompted an emergency interest rate cut from the Federal Reserve. The economy’s solid fundamentals were also underscored by other data on Wednesday showing private payrolls increased more than expected in February. Sad news for Democrats hoping for a recession to use against Trump, but good news for America. 1 2 Link to comment Share on other sites More sharing options...
GG Posted March 5, 2020 Author Share Posted March 5, 2020 This news should shock no one who believes in the seductive and abusive power of "organized" labor. Unions are just a smaller versions of big government. Quote Federal prosecutors Thursday charged former United Auto Workers President Gary Jones with embezzling more than $1.5 million, according to a criminal filing that indicates he will plead guilty and cooperate with an investigation that could lead to the government seizing control of one of the nation's most powerful unions. 1 1 1 Link to comment Share on other sites More sharing options...
TPS Posted March 5, 2020 Share Posted March 5, 2020 29 minutes ago, GG said: This news should shock no one who believes in the seductive and abusive power of "organized" labor. Unions are just a smaller versions of big government. Much like bankers. I've often thought about posting the weekly cases of fraud and abuse in finance.....but I don't have that much time... Link to comment Share on other sites More sharing options...
GG Posted March 5, 2020 Author Share Posted March 5, 2020 2 minutes ago, TPS said: Much like bankers. I've often thought about posting the weekly cases of fraud and abuse in finance.....but I don't have that much time... Difference being is that you can choose between dozens of banks and can switch in a matter of minutes, but are saddled with one union or one government office. Link to comment Share on other sites More sharing options...
Tiberius Posted March 5, 2020 Share Posted March 5, 2020 The Biden bounce appears to be over... Link to comment Share on other sites More sharing options...
TPS Posted March 5, 2020 Share Posted March 5, 2020 9 minutes ago, Tiberius said: The Biden bounce appears to be over... We haven't even started massively testing yet, so as soon as that happens, the number of cases will rise significantly. The market will not be able to stand the weight of that, no matter what the Fed does. We will most certainly see a much bigger fiscal response in the near future. But, yeah, listen to Trump and go to work even if your sick.... Link to comment Share on other sites More sharing options...
Tiberius Posted March 5, 2020 Share Posted March 5, 2020 1 minute ago, TPS said: We haven't even started massively testing yet, so as soon as that happens, the number of cases will rise significantly. The market will not be able to stand the weight of that, no matter what the Fed does. We will most certainly see a much bigger fiscal response in the near future. But, yeah, listen to Trump and go to work even if your sick.... Out of his own political self preservation, you'd think he would just shut up. Link to comment Share on other sites More sharing options...
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