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ProudMNDemocrat

(16,784 posts)
Thu Mar 26, 2020, 02:49 PM Mar 2020

Let's be clear...The rise in the Stock Market is NOT about Trump. ....

But the fact that financial relief will be coming to Americans via Congressional action.

Trump has exhibited NO Leadership combating CoronaVirus. His daily presses are about him and a platform to complain .

14 replies = new reply since forum marked as read
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Let's be clear...The rise in the Stock Market is NOT about Trump. .... (Original Post) ProudMNDemocrat Mar 2020 OP
And it will likely be back down to where it was before by this time next week. Tommy_Carcetti Mar 2020 #1
Exactly. This is "irrational exuberance" of the highest order. There's absolutely NOTHING supporting BamaRefugee Mar 2020 #2
I'll Bet You At Today's Press Conference - He'll Take Credit For It......nt global1 Mar 2020 #3
Press conference? VWolf Mar 2020 #6
You mean taxpayer funded mini-campaign rally, right? Hugin Mar 2020 #9
I stand corrected :) n/t VWolf Mar 2020 #12
A small reinflation of the bubble central scrutinizer Mar 2020 #4
+1 Hugin Mar 2020 #10
Dead cat bounce Amishman Mar 2020 #5
Stock market kurtcagle Mar 2020 #7
Wall Street gives its approval for socialism Cicada Mar 2020 #8
Cotton candy economy D_Master81 Mar 2020 #11
I think I will give him credit! Dem2 Mar 2020 #13
It's a sucker rally customerserviceguy Mar 2020 #14

Tommy_Carcetti

(43,181 posts)
1. And it will likely be back down to where it was before by this time next week.
Thu Mar 26, 2020, 02:51 PM
Mar 2020

It gives the market a momentary jolt, but there's going to be more sobering financial news for a while and I can't see this bringing us back to where we were.

BamaRefugee

(3,483 posts)
2. Exactly. This is "irrational exuberance" of the highest order. There's absolutely NOTHING supporting
Thu Mar 26, 2020, 02:55 PM
Mar 2020

this rise, fundamentally.

I see it as the wild flailings of someone drowning, just before they go under. All their hyper activity LOOKED good, but was meaningless.

central scrutinizer

(11,648 posts)
4. A small reinflation of the bubble
Thu Mar 26, 2020, 03:00 PM
Mar 2020

The Ponzi scheme/casino will collapse again once the hedge fund computers believe that it is time to sell and shear the flock again.

kurtcagle

(1,602 posts)
7. Stock market
Thu Mar 26, 2020, 03:13 PM
Mar 2020

We'll have hit bottom once volatility has left the market - when you see 8-12% swings in the market on a daily basis, the bottom's not been hit. I do not doubt that Trump's going to try to take credit for EVERY market rise, and I think the simplest remedy is to just keep calling him out on his hypocracy with campaign ads.

D_Master81

(1,822 posts)
11. Cotton candy economy
Thu Mar 26, 2020, 04:25 PM
Mar 2020

It’s not based on anything but free money that the fed is printing that we don’t have. All fluff no substance The stimulus now is 10X the 2009 version.

customerserviceguy

(25,183 posts)
14. It's a sucker rally
Thu Mar 26, 2020, 05:30 PM
Mar 2020

I expect that the House will dither on approving the Senate's C-19 package, and there will be a sell-off on Monday.

That's the stock market gambler's motto: "Buy on the rumor, sell on the news."

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