Fox News showed a graph of stick rally’s after the deaths of certain African Americans like Mlk and Rodney King . Getting a lot of attention . This is magnifying what’s gone on the last 2 months . Obviously we all see all the attention is how us the not rising with all these virus deaths , unemployment and hardships . And with the recent African American deaths and rioting it magnify’s the inequality of what’s going on . The fed saves the Rich Caucasian guys and the masses suffer . Were seeing societal upheavals worldwide . I’m a trader and I have no feelings but in the bottom of my heart like many on here I question the insanity of what I’m seeing .
Saw it too. Wanted to share, but da hell. A nonsense (?) Probably any explanation will work on general audience. Just , gave some thoughts about the short memory of masses, and how a scandal like that was a great way to forget the flu. Wonder, what followed (what kind of the news were hyped) right after all of the major viruses in the last 20 - 30 years. Is there a pattern. Like, if you had a virus show - then, right after it, should go killings related to racism (don't know true reasons, nor do i care) ,,So the transition would be as smooth as possible, as if it never happened at all.'' (don't want em people to remember bs for too long, because then they would questioning things, - better keep em sleepwalking through life) All that toilet paper and bunkers.
As a side note can we stop calling people hyphenated Americans. They are black. Other people are white. We are all Americans. Especially when you use In the same damn paragraph. Seems hypocritical. They're European Americans! But yeah clearly the stock market is racist. Holy shit when will this lunacy end. Could there be confounding factors like QEternity and an absolutely insane fed balance sheet? Perhaps stock buybacks and lower overall employment increasing retained earnings? Couldn't be any of these things. Clearly, the stock market is racist.
Fox News made the correlation. What was the point they were trying to convey? Whatever the economic point, the social one was that to highlight blacks protesting or being murdered from other protests or murders.
I didn't see this "correlative graph", but who says people of color cannot get in on the rally also? Maybe if non-caucasians just fed the Fed, they'd get rich also by joining the rally? All the bitter people are out there protesting, and some may be complaining about how the market has been rallying since the riots started. Well, stop looting toasters, and instead put a bit of money into QQQ or whatever.
exactly. The free money from the Fed might pumping the market might only last until maybe 4500 ES or so. Less time looting, more time buying some index futures. Buy Monday morning, and in a few weeks they could afford a good few toasters
The Fed Balance sheet has been the ONLY thing that matters to the market for the last decade. Everything else is ignored.