I think the market is baking in a Trump win. Here's why:
When he announced he had contracted the coronavirus, the market dropped. When he recovered, the market recovered. His health wouldn't matter if they were betting on a Biden win.
Still not entirely there. I "lost" the January boom, man that 6% growth in one month was sooo good before the crash hit. At least I sold most stocks slightly before the crash. Kept my oil. BIIIIIIIG mistake. Holy shit did those tank.
I meant in general, the momentum going into an election year, impeachment sham defeated, that amazing SOTU speech, the economy purring. It was set to be a fantastic year.
Sorry, I love to give Trump credit on the economy but this is not good news for the economy.
Printing 20% of the annual GDP to get the numbers back on point isn't doing anything but making the long term economy more volatile and prone to inflation.
I don't think anyone has really analyzed the impact of the next 10 years from the entire world diluting currencies to shore up the near term economy. Trump had to do it for a variety of reasons and any rational person would have done the same given the lockdown.
The real victory would have been not shutting things down.
Yup, zombie companies are getting rampant. Some may become profitable again in the future, but at some point we have to stop stealing from the future. The best would be if we could cut back spending, regulations and taxes at a steady pace over a two year period. Should give Americans enough time to create/find jobs. If we could dregulate the healthcare sector that would be absolutely amazing even in the short term
I’m gonna sell my bitcoin and litecoin during this run.
I think the market is baking in a Trump win. Here's why:
When he announced he had contracted the coronavirus, the market dropped. When he recovered, the market recovered. His health wouldn't matter if they were betting on a Biden win.
What could've been without China's biological warfare...
Still not entirely there. I "lost" the January boom, man that 6% growth in one month was sooo good before the crash hit. At least I sold most stocks slightly before the crash. Kept my oil. BIIIIIIIG mistake. Holy shit did those tank.
I meant in general, the momentum going into an election year, impeachment sham defeated, that amazing SOTU speech, the economy purring. It was set to be a fantastic year.
Then Wuhan Flu
My 40k gained 60% between March and now.
To some people,this issue alone earn a vote. Economy means alot
Remember when the Dow was like at a measly 16,000-18,000 when Obama left office? Pepe farms remembers.
Sorry, I love to give Trump credit on the economy but this is not good news for the economy.
Printing 20% of the annual GDP to get the numbers back on point isn't doing anything but making the long term economy more volatile and prone to inflation.
I don't think anyone has really analyzed the impact of the next 10 years from the entire world diluting currencies to shore up the near term economy. Trump had to do it for a variety of reasons and any rational person would have done the same given the lockdown.
The real victory would have been not shutting things down.
Yup, zombie companies are getting rampant. Some may become profitable again in the future, but at some point we have to stop stealing from the future. The best would be if we could cut back spending, regulations and taxes at a steady pace over a two year period. Should give Americans enough time to create/find jobs. If we could dregulate the healthcare sector that would be absolutely amazing even in the short term
Just helping typo in headline; pre-19 = XIX
Ok, good one. Thanks.Too many years of Latin here.
Gains train is full steam ahead!
Thats why you DCA.
So now its back to the kenyans economy now right?