More stimulus hype, trying everything to pass this bill so wallstreet can be happy and joyful and start its historical uptrend once again, because without stimulus equities are worthless. This is the reason the markets gained additional ground on Friday. Once again more stimulus talk, this would be a gigantic stimulus bill, a bit lower than the original, but still strong enough to get wallstreet excited. More free money is coming and like I mentioned they want this deal done before elections. This will push markets up at least 5% for the week once announced and I can almost guarantee that in early 2021 as this stimulus plan winds down they will talk about another fresh multi trillion dollar stimulus plan. Rinse and repeat, need those free trillions to stimulate this zero growth economy. https://www.cnbc.com/2020/09/24/coronavirus-stimulus-democrats-prepare-new-relief-bill.html
They don’t let the short sellers have any fun. Not for a month, a week, or any more than a day, it seems. Solution: Go long, stay long, and tell your future grandchildren to go long! Hold your nose if you have to. Besides, it’s only money. Only increasingly debased currency. So what the hell, add a little leverage and maybe you’ll stay ahead of inflation. Of course, there is the self-sufficient farm idea...
You Canadians need to come down here to the US, and infect us with your mitichlorian blood. Help our immunity percentages. In exchange we'll buy more lumber and syrup. Hell, we might actually start to like hockey, after much practice with using the Force!
Let's see how much stimulus talk we open with at the start of the week. I think there will be a rally follow through in the futures tonight at open....
You still don't believe that every single uptick in this market is based on fed trillions all while powell came out and said himself that they print money.
You called markets worthless at a time when the top corporations in the world have never made money so easily from their base businesses. Stimulus may pump up overall levels some but nowhere near as much as you think it does. Complicating things is the reality that there remain sectors that are either fairly valued or cheap still. For example, many miners are dirt cheap considering actual fundamentals right now. They may stay dirt cheap of Gold/Silver drops or they may go on a tremendous rally. If the latter, that will take the sting off a correction in IT stocks if that occurs. The same could be said about banks to a lesser degree and unless energy is dead and buried that's cheap too. Calling markets worthless for years on end is pointless. We've seen every stage of the economic cycle, a pandemic, a financial crisis, never at any point were stocks worthless,. In fact, it's people like you who priced US indexes at ridiculously low prices in 2008/2009 then seemingly thought that was the true long term value. You'll go to your grave before you see US indexes that cheap again ( I told you and others this way back in 2010 ).