Nasdaq touched its 33rd historical high monday, today will be #34. Historical highs are unlimited. No such thing as 52 week lows or decade lows, just continous free money. S$p will break its historical high from February at the open this morning. This is all do to fed printimg, only way for equities to rise is with fed handouts, remember that. Money printing forever equals free money for all. Zero risk all reward all the time.
First thing I saw from the Interactive Broker's Bot was : Your position of SSO was down 49.87%. I didn't know they were going to split the thing. The good thing about splits is, if we're using 1990's logic, is that stocks that split always go up!!!
Amazon with 500,000,0000 outstanding shares was up $130 a share or an entire Target. Yes amazon gained an entire target in one single trading session which is approximately $65,000,000,000 Jeff bezos should send fed Powell a $100 gift card to Amazon thanking him for the trillions in stimulus that has allowed these precious moments to take place.
Didn't it occur to you that everyone loves Amazon as a stock/company, because they know everyone else is/has been using the place to buy their stuff? Did you see Walmart's e-commerce numbers today in their report? It's not the Fed, it's the consumer.
Well its the fed printing with the government handing out $1200 stimulus checks and extra enhanced unemployment benefits that gave walmart its spectacular earnings. See no free handouts equals poor earnings for walmart. Let's do a whole half of year of no money printing and free handouts and see where earnings go....
Depression??? The fed saved us from much more than just a depression. This would have been worse than a depression.... Billionaire investor Howard Marks says the Fed's emergency relief efforts saved the US from depression - but warns of long-term inflationary risk Emily Graffeo Aug. 6, 2020, 09:57 PM Howard Marks told Bloomberg that the US may have gone into a depression without the Fed's emergency relief funds. The billionaire investor said the provision of liquidity was very important, but may lead to a pick-up in inflation. Marks also detailed a byproduct of the Fed's historic relief efforts: the rise of so-called zombie companies, which are saddled with exorbitant debt loads. https://markets.businessinsider.com...ved-us-depression-inflation-2020-8-1029479921