General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe stock market is the danger today
If it opens high and climbs until Trump's bullshit fox town hall at noon, he will attribute it to his crap from yesterday.
There is no telling the irresponsibility of lies he could go off on?
still_one
(92,136 posts)1. The fed is in there buying MBS and equities. It is generally unwise to fight the fed.
2. It is reported that Quant selling is over. If that is accurate, then we are probably close to a bottom
This does not mean there will be a "V shaped" recovery, as some believe, but more likely an "L shaped" recovery, and will take a good amount of time to recover.
I tend to agree with those that are saying when we come out of this, it will be a different world, and things will be changed forever
When you don't have people working or pumping money into the economy, that's an economy that's got a bottom under the false floor of the fed infusion.
This fool isn't smart enough to do all of the other things that help the fed to stabilize everything, and the people around him only know how to feast like parasites.
I have a bad feeling about this.
still_one
(92,136 posts)concerned, and has helped accelerate the volatility
Making sure there is enough liquidity in the markets is important, but I don't think there is going to be a quick recovery from this. I just think that we are probably close to a bottom
We will see in the course of time
Roland99
(53,342 posts)Asian markets were up strong as is Europe. China is starting to reopen businesses.
still_one
(92,136 posts)we are close to a bottom
Doesn't mean things will rapidly go up, and I personally don't think they will until the health crisis is brought under control
beachbumbob
(9,263 posts)so this is now official, we no longer fear socialism
Hoyt
(54,770 posts)mnhtnbb
(31,382 posts)and the day will end lower.