Author Topic: Dow?  (Read 492025 times)

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Offline Irvinehomeseeker

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Re: Dow?
« Reply #1590 on: August 26, 2020, 02:51:56 PM »
Market on a tear again, hope you're all invested in QQQ.  The wealthy will become much wealthier on the other side of this pandemic.  I guess I'll just continue to ride the wave.
Nasdaq at all time high....hoping there atleast pullback to enter, but it seems to be going up each day.  Some experts say there is possibility of pullback in Sept. Have to see.

Offline aquabliss

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Re: Dow?
« Reply #1591 on: August 26, 2020, 03:18:08 PM »
Market on a tear again, hope you're all invested in QQQ.  The wealthy will become much wealthier on the other side of this pandemic.  I guess I'll just continue to ride the wave.

QQQ? SSO my friend.

Why stop at SSO?  Might as well take it to TQQQ.

Offline qwerty

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Re: Dow?
« Reply #1592 on: August 26, 2020, 03:35:30 PM »
3x? I’ll stick with 2x :-)

Offline Irvinecommuter

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Re: Dow?
« Reply #1593 on: August 27, 2020, 07:25:56 AM »
Spigot on full blast.

Quote
The Federal Reserve announced a major policy shift Thursday, saying that it is willing to allow inflation to run hotter than normal in order to support the labor market and broader economy.

In a move that Chairman Jerome Powell called a “robust updating” of Fed policy, the central bank formally agreed to a policy of “average inflation targeting.” That means it will allow inflation to run “moderately” above the Fed’s 2% goal “for some time” following periods when it has run below that objective.

https://www.cnbc.com/2020/08/27/powell-announces-new-fed-approach-to-inflation-that-could-keep-rates-lower-for-longer.html

Offline daedalus

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Re: Dow?
« Reply #1594 on: August 27, 2020, 03:06:08 PM »
Wait, wait....let me get this straight....They're implying that what they've been doing thus far has been following a path of *limiting* inflation growth???   Boy, I've been misreading them for over a decade!

Offline Compressed-Village

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Re: Dow?
« Reply #1595 on: August 27, 2020, 04:25:29 PM »
Powell's speech, in plain English: 

"There is too much debt in the US & globally.  It's hurting growth.  This can be resolved 1 of 2 ways:

1) Widespread defaults (including on sovereign debt)
2) Inflate it away

Today we are accelerating Option #2." 

Offline daedalus

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Re: Dow?
« Reply #1596 on: August 27, 2020, 06:32:46 PM »
Powell's speech, in plain English: 

"There is too much debt in the US & globally.  It's hurting growth.  This can be resolved 1 of 2 ways:

1) Widespread defaults (including on sovereign debt)
2) Inflate it away

Today we are accelerating Option #2." 


The way to reduce debt is to increase borrowing costs.  This is focused on the cost of debt, not debt itself.  As far as "major policy shift", this is anything but and is, in fact, more of the same.  I agree with IC.  Spigot full blast.  We are going to party until we puke, and the hangover will be quite a doozy.  But fortunately most of won't have jobs we'll need to get up early for.

Offline Irvinecommuter

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Re: Dow?
« Reply #1597 on: August 28, 2020, 07:51:10 AM »
Powell's speech, in plain English: 

"There is too much debt in the US & globally.  It's hurting growth.  This can be resolved 1 of 2 ways:

1) Widespread defaults (including on sovereign debt)
2) Inflate it away

Today we are accelerating Option #2." 


The way to reduce debt is to increase borrowing costs.  This is focused on the cost of debt, not debt itself.  As far as "major policy shift", this is anything but and is, in fact, more of the same.  I agree with IC.  Spigot full blast.  We are going to party until we puke, and the hangover will be quite a doozy.  But fortunately most of won't have jobs we'll need to get up early for.

Three major problems:

1)  The Dow/Investor expects this now.  Fed basically blow off both of its mandates (managing unemployment and inflation) and the Dow was like meh (flat for most of the session and +250 at the end).  This is junkie/addict behavior

2)  Many amateurs have started entering the market to supplement their income (cuz they have reduced hours or no jobs).  Looking like dot.com bubble again.

3)  We did all this tap turning for no tangible result...no infrastructure, no infusion of capital to working/middle class, no national healthcare, no longterm investment of any kind...it's just basically pumping money into the market. 

This will turn out badly in a few years...real bad and people will misinterpret the causes again.  The rich knows and are getting out the game.

https://www.bloombergquint.com/onweb/ultra-wealthy-club-stockpiles-cash-as-u-s-economy-fears-grow

Oh by the way...don't look at the dollar. 

Offline Compressed-Village

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Re: Dow?
« Reply #1598 on: August 28, 2020, 08:14:00 AM »
Powell's speech, in plain English: 

"There is too much debt in the US & globally.  It's hurting growth.  This can be resolved 1 of 2 ways:

1) Widespread defaults (including on sovereign debt)
2) Inflate it away

Today we are accelerating Option #2." 


The way to reduce debt is to increase borrowing costs.  This is focused on the cost of debt, not debt itself.  As far as "major policy shift", this is anything but and is, in fact, more of the same.  I agree with IC.  Spigot full blast.  We are going to party until we puke, and the hangover will be quite a doozy.  But fortunately most of won't have jobs we'll need to get up early for.

Three major problems:

1)  The Dow/Investor expects this now.  Fed basically blow off both of its mandates (managing unemployment and inflation) and the Dow was like meh (flat for most of the session and +250 at the end).  This is junkie/addict behavior

2)  Many amateurs have started entering the market to supplement their income (cuz they have reduced hours or no jobs).  Looking like dot.com bubble again.

3)  We did all this tap turning for no tangible result...no infrastructure, no infusion of capital to working/middle class, no national healthcare, no longterm investment of any kind...it's just basically pumping money into the market. 

This will turn out badly in a few years...real bad and people will misinterpret the causes again.  The rich knows and are getting out the game.

https://www.bloombergquint.com/onweb/ultra-wealthy-club-stockpiles-cash-as-u-s-economy-fears-grow

Oh by the way...don't look at the dollar.

When was the last time we hear about balancing the budget?

How do we keep government in check? Government spending is now 60% of US GDP. Now all sides wadding this magic wand of rescue bills in trillions to win votes.

Central Bank and central planning flunked for the everyday Americans. But don’t look, investment banks made out like a bandit. The only real plan they have is to siphons and leave everyone with the bills. And inflations is stealth theft of the people to pay for deficits. That’s is the real central plan grand schemes.

Offline Irvinecommuter

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Re: Dow?
« Reply #1599 on: August 28, 2020, 08:21:49 AM »

When was the last time we hear about balancing the budget?

How do we keep government in check? Government spending is now 60% of US GDP. Now all sides wadding this magic wand of rescue bills in trillions to win votes.

Central Bank and central planning flunked for the everyday Americans. But don’t look, investment banks made out like a bandit. The only real plan they have is to siphons and leave everyone with the bills. And inflations is stealth theft of the people to pay for deficits. That’s is the real central plan grand schemes.

I don't actually think government spending is bad per se...it is just being spent on the wrong things.  Just like the Trump tax cut went to the top 1% while hurting the middle class with the capping of SALT and elimination of deductions like home office (who couldn't use that now?). 

If the money was being spent as direct infusion to the middle/lower class, it will be spent and recirculated to pump up the economy.  Instead, we still have this trickle-down mindset where only the rich and the corporations can be trusted with money. 

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Re: Dow?
« Reply #1600 on: August 28, 2020, 08:43:50 PM »
Powell's speech, in plain English: 

"There is too much debt in the US & globally.  It's hurting growth.  This can be resolved 1 of 2 ways:

1) Widespread defaults (including on sovereign debt)
2) Inflate it away

Today we are accelerating Option #2." 


The way to reduce debt is to increase borrowing costs.  This is focused on the cost of debt, not debt itself.  As far as "major policy shift", this is anything but and is, in fact, more of the same.  I agree with IC.  Spigot full blast.  We are going to party until we puke, and the hangover will be quite a doozy.  But fortunately most of won't have jobs we'll need to get up early for.

Three major problems:

1)  The Dow/Investor expects this now.  Fed basically blow off both of its mandates (managing unemployment and inflation) and the Dow was like meh (flat for most of the session and +250 at the end).  This is junkie/addict behavior

2)  Many amateurs have started entering the market to supplement their income (cuz they have reduced hours or no jobs).  Looking like dot.com bubble again.

3)  We did all this tap turning for no tangible result...no infrastructure, no infusion of capital to working/middle class, no national healthcare, no longterm investment of any kind...it's just basically pumping money into the market. 

This will turn out badly in a few years...real bad and people will misinterpret the causes again.  The rich knows and are getting out the game.

https://www.bloombergquint.com/onweb/ultra-wealthy-club-stockpiles-cash-as-u-s-economy-fears-grow

Oh by the way...don't look at the dollar. 

It will end badly in a few years?  I remember hearing the same thing from people back in 2009 when the Fed started it's QE journey. The Fed and the gov't can keep things propped up for longer than most people realize, they effectively have unlimited checkbooks. Plus the US isn't the only one with the printing pressure going full blast, it's just a pile of dirty shirts out there in the world and we now may not be the cleanest dirty shirt in the bunch.
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Offline Kings

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Re: Dow?
« Reply #1601 on: September 02, 2020, 01:20:11 PM »

hey get out of here with your doom and gloom

dow 30k next week  :)

dow 30k next week for all the haters and losers  8)

Offline eyephone

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Re: Dow?
« Reply #1602 on: September 02, 2020, 01:39:07 PM »
Takes one to know one.

Offline morekaos

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Re: Dow?
« Reply #1603 on: November 04, 2020, 11:45:45 AM »
So far the markets love this...markets love clarity...Dems failed to take over the Senate and actually lost (as much as 10) seats in the house.  Even if Biden wins...no tax increase, no banning fossil fuels, no re regulation, no green new deal, no nothing.  Markets love divided government, divided government is paralyzed government.  If Trump wins then we just keep on trucking...either way the economy and the markets win.

How Democratic failure to take the Senate could leave Biden a lame duck president and scuppers any chance of packing Supreme Court to undermine appointment of Amy Comey Barrett
Republicans are on track to keep control of the Senate which, if Joe Biden wins the White House, could make him a lame duck president from day one
As Senate leader Mitch McConnell would control what comes to Senate floor

He could stop Biden judicial appointments and any court packing plan
He could stop any Biden legislation on health care
Biden could use executive power on some issues
Democrats are facing tough questions on Wednesday morning after dropping billions of dollars on Senate and House races only to have results come up short
Nancy Pelosi will remain speaker but did not pick up the House seats she predicted her party would win 
Democrats are poised to remain in control of the House, but they lost at least six incumbents and failed to oust any Republican lawmakers in initial returns

https://www.dailymail.co.uk/news/article-8913935/Democrats-face-tough-questions-predictions-come-short-House-Senate-races.html
« Last Edit: November 04, 2020, 12:14:14 PM by morekaos »

Offline irvinehomeowner

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Re: Dow?
« Reply #1604 on: November 24, 2020, 02:56:06 PM »
30k!

Who was predicting that? morekaos?
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