https://www.cnbc.com/2020/07/20/ber...d-out-why-the-market-broke-down-in-march.html Whyou need to ask, the answer is simple? Lot of people selling and nobody wants to buy at the market high price. so selleres keep lowering price. to get rid of inventory. that is the 'free market' right now nobody wants to sell their stock..why sell, it keeps going higher and higher. and the gov't is buying it. and many people who own the market bought or own the market when it was 'cheap' and actual dividend yield is 5%-10% much higher than the 1% that fed rate or bonds yield. Right now it's very hard to get 10% returns on any investment due to high prices for buy and hold or new investors. or even 7% Yellen, Bernanke are both academics and thinks the 'market' is fair and orderly. and is a place for price discovery. The market is highly manipulated. like a penny stock. In penny stock, the market maker promoting the stock manipulate the stock but in this case it's the gov't or federal reserve. for whatever reason other than to not see a market crash and see wealth evaporate or 'paper wealth evaporate' in ponzi scheme meltdown. The fact is stocks are expensive, value investor don't want to own the market either they have no cash or have better use for their cash like spending it. or invest int other things except the ponzi scheme or buy stocks from billionaires. These guys are the phd in economics and teach Bs to their students and make gov't policy. Trump has a degree in Economics too and failed in history class. and graduated with c- in economics and political science.. I don't think Trump took any political science or philosophy courses in college or if they did they got c- on their grade. 95% of traders if seeing their trading record get a F on trading. Well it's not, the market is very illiquid and less than .005% of the float is actually 'traded' bought or sold. Market makers don't want to own stocks. they just trade it. in a bear market nobody wants to own or buy stocks cause stocks can go to zero and price drops 50% every month. the bid was 50% of ask. The daily trading volume is mostly daytraders and speculators algos placing bets on 1-5% moves.. okay class dismiss Chairman of the Federal Reserve.
100 guys on elitetraders who have nothing better to do. very few traders on the futures. most people trade penny stocks or gamble in options. and lot easier to make money. or trade the latest fad bitcoins.
what happens in the past matter. cause it will happen again. history always repeat itself. The roaring twenties before the 1929 crash was caused by federal reserve easing on lending. to buy paper assets or intangible derivatives. stocks are 'derivatives' --cash is a derivative. too. the value is based on something real. gold is a derivative too. bitcoin are derivatives. etc What you have in the country is huge percentage of the economy that don't produce anything of value ie gov't and the military and owners of stock or the bougeouis or capitalist. who own debt, stock and paid in dividents and interest and TAXES. are a large parasitic industry---lotteries and gambling. Many gov't and states are not addicted to lottery and gambling revenues. and the military and gov't is the biggest employer of many towns and cities. and many welfare groups like environmental groups, religious groups or 'special' interest groups industry lobby group and political parties. none of these people or entity produce anything of value or create GDP? parasites in the economic system
Seriously, you can go bugger yourself. https://www.elitetrader.com/et/threads/and-they-have-a-plan-live.306838/ What have you done for ET lately?
cool down mister. no good for your heart. anyway, when if I suffer from insomnia, I will read such articles. I am sure it will bore me till I fall asleep.
I’ve been waking up at 3am on the dot for like 1 week already. So freakin weird. I get up after 10 min battle, meditate 20-30 min, then fall back asleep.