Allowing that projection too, damn I'm charitable.
__________________ Chicken Boo, what's the matter with you? You don't act like the other chickens do. You wear a disguise to look like human guys, but you're not a man you're a Chicken Boo.
Your Lord knows very well what is in your heart. Your soul suffices this day as a reckoner against you. I need no witnesses. You do not listen to your soul, but listen instead to your anger and your rage.
As of March there's been a record 1.1 trillion pumped directly into the market to keep it afloat. This is aside to the trillions already pumped as stimulus.
What happens when the music stops and the average US tax payer is left standing?
Stock market fiends really are unpredictable. I guess during normal times, a housing market sag like that would almost crash the stock market.
But due to less than abysmal number for housing sales, the traders appear to have shit themselves in excitement.
I would say tomorrow the market will correct itself but I have no idea how it's going to play out and I don't think even the most genius of traders know what will happen tomorrow, as well.
I was reading last night about predicted job numbers in June being +8 million jobs. Seems the day traders read the same article as Q2 closes out in a near record setting quarter.
While daily deaths from COVID-19 patients continues to decline since the US opened back up in most states, news headlines have been bombarding the American people about the apocalyptic new COVID-19 positive test cases. Businesses and traders just are not buying the news headlines as daily deaths continue to trend down in the US.
S&P 500 is now within 5% of it's all time high in Feb.
Despite COVID-19 cases, the stock market is doing well today.
After some ups and downs last week, this week is starting off with giant gains.
The NASDAQ continues to hit record after record on the daily.
Keep in mind that the top 10%, or even the top 5% of income earners, are the extreme majority beneficiaries of a stock market improvement.
When the stocks go up, the rich get richer and more jobs are created at a ratio of 50 to 1 (meaning, the rich get $50 and the rest get $1 for improvements). When the stocks crash, the rich lose a ton of money and the poor get laid off, big time.
It's what Yang said during the debates (paraphrasing here), you can tout how well the stock market is doing on a given day, but that means nothing to the average voter who isn't invested and is still struggling to feed their children and pay their rent.
He had the charisma of a rock and he's not pushy/forceful even a tiny bit.
I'm not all about true socialism (seizing the means of production) but I am about a market that serves the people. Oh, sounds like what most people think is capitalism.
KMC Community Forums
Jun 11th, 2020 11:01 PM
