Dow jones plunges 512 points in one day; nasdaq down 136; s&p down 60

feyenoordsoccerfan · May 29, 2020

Cascarino's Pizzeria said: ↑

Whatabout our blood pressures!
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Whataboutit?

roby · May 29, 2020

Cascarino's Pizzeria said: ↑

Whatabout our blood pressures!
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Just took mine....127/59.

superdave · May 29, 2020

spejic said: ↑

Like in that Aretha Franklin song "Who's Zooming Whom?"
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Or that Bo Diddley classic, Whom Do You Love?

crazypete13 · Jun 2, 2020

Don’t forget ‘The Whom’ singing ‘Whom Are You?’ from their album ‘Whom’s Next’...

Cascarino's Pizzeria · Jun 2, 2020

Dow futures up. Martial law good for business.

superdave · Jun 2, 2020

crazypete13 said: ↑

Don’t forget ‘The Whom’ singing ‘Whom Are You?’ from their album ‘Whom’s Next’...
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All of those are subjective case.

American Brummie · Jun 2, 2020

Cascarino's Pizzeria said: ↑

Dow futures up. Martial law good for business.
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Now you're getting it!

crazypete13 · Jun 2, 2020

superdave said: ↑

All of those are subjective case.
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You're forgetting the obvious 'silly' case - I mean really - 'Who are you' isn't on 'Who's Next'

Cascarino's Pizzeria · Jun 2, 2020

American Brummie said: ↑

Now you're getting it!
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Yahoo! finance headline:

Stock market news live updates: Stocks rise as reopening hopes offset concerns over ongoing protests

Of course they've factored in how many COVID-closed businesses are now burnt out & looted and never returning, right?

song219 · Jun 2, 2020

Cascarino's Pizzeria said: ↑

Of course they've factored in how many COVID-closed businesses are now burnt out & looted and never returning, right?
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Of course they did.
They're betting on the remaining business exerting monopoly-like power thus raising prices and profits.

Funkfoot · Jun 2, 2020

It's ridiculous to try explaining why the market as a whole is going up or down. But if we're going to play this pointless game, maybe the market is up because it's looking more likely that Biden will win in November.

bostonsoccermdl · Jun 2, 2020

Funkfoot said: ↑

It's ridiculous to try explaining why the market as a whole is going up or down. But if we're going to play this pointless game, maybe the market is up because it's looking more likely that Biden will win in November.
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Interesting take. Traditionally that would drop the markets, but Trump & Co is such a shit show, I wouldn't doubt it.

Cascarino's Pizzeria · Jun 2, 2020

Funkfoot said: ↑

It's ridiculous to try explaining why the market as a whole is going up or down. But if we're going to play this pointless game, maybe the market is up because it's looking more likely that Biden will win in November.
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That's the point

celito · Jun 2, 2020

Funkfoot said: ↑

It's ridiculous to try explaining why the market as a whole is going up or down. But if we're going to play this pointless game, maybe the market is up because it's looking more likely that Biden will win in November.
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One reason. Endless QE.

ceezmad · Jun 2, 2020

Cascarino's Pizzeria said: ↑

Yahoo! finance headline:

Stock market news live updates: Stocks rise as reopening hopes offset concerns over ongoing protests

Of course they've factored in how many COVID-closed businesses are now burnt out & looted and never returning, right?
Click to expand...

Funkfoot said: ↑

It's ridiculous to try explaining why the market as a whole is going up or down. But if we're going to play this pointless game, maybe the market is up because it's looking more likely that Biden will win in November.
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celito said: ↑

One reason. Endless QE.
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The Fed’s version of the strategy known as yield-curve control is expected to involve capping yields on government bonds of a chosen maturity -– by buying however much it takes. For central banks that already cut short-term interest rates to zero, it’s a way to signal that they’ll stay low for an extended period, while helping pin down longer-term borrowing costs too.

Japan has been doing this for years, and Australia adopted the idea in March as the coronavirus struck. The Fed, which has responded to the pandemic by bulk-buying Treasuries and showering business and local government with credit, may not be ready to follow suit right now. U.S. states are tentatively emerging from lockdown, and policy makers will want to see how economic activity picks up.
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https://www.msn.com/en-us/finance/m...-fed-action-to-dodge-a-depression/ar-BB14BBGN

As anyone knows who has watched the rocky path to reopening cities and states, it’s hard to tell when to sound the all clear in waters as uncharted as they are now. Uncertainty dictates prudence. That’s the case in deciding when to allow people back to work, and will logically guide policy makers, too, when it comes to their measures that have kept markets in working order.

With the S&P 500 already two-thirds of the way back from its bottom, that prospect -- that virus-fighting stimulus could linger for months or years after the worst of the pandemic has passed -- explains the uncanny confidence of stock bulls in the face of the worst economy since the Depression. As they see it, if even a modicum of economic order is restored and stimulus sticks, it’s a recipe for a melt-up
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https://www.bloomberg.com/news/arti...k-bull-case-says-fed-stimulus-doesn-t-go-away

Hey seems like Wall street is becoming a believer of Modern monetary theory.

feyenoordsoccerfan · Jun 2, 2020

Funkfoot said: ↑

because it's looking more likely that Biden will win in November.
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What makes you think that?

celito · Jun 2, 2020

feyenoordsoccerfan said: ↑

What makes you think that?
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The way things are going, we might not even have elections.

ceezmad · Jun 2, 2020

We can at least print money to get us going, the European Union, well it is more difficult.

With European economies reopening from over two months of shutdowns, governments are grappling with the challenge of accelerating a shaky recovery while drawing plans to pay the bill for the trillions they’re spending to protect jobs and companies.

In the aftermath of the global recession and the ensuing euro-zone crisis, many pursued spending cuts to get a handle on debts. That was a struggle in France, which relied more on tax increases.
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“Today we have taxation that is very heavy, among the highest of all developed economies so good sense is not to increase pressure on French people,” Le Maire said on French radio RTL. “Yes, debt will have to be paid back, but not by raising taxes -- by raising growth.”

It’s a debate playing out across advanced nations as governments ready stimulus packages to get their economies motoring again. The European Union’s proposal for a 750 billion-euro recovery fund includes several new taxes to help repay the money. In the U.K., the government is examining the possibility of raising taxes to pay for the health service and sees support for an increase in corporation tax.
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https://www.yahoo.com/finance/news/france-says-no-tax-hikes-105220230.html

Cascarino's Pizzeria · Jun 3, 2020

Rough time at the casino:

Yes, StopFapForever, who claims to be a 28-year-old Italian, shared his brutal market mistake with the bunch on WallStreetBets. He apparently he went all-in on Luckin and lost his entire life savings in the process. “Now I’m broke af,” he wrote, posting this screenshot of the carnage:

The top response fits the general theme of the unforgiving, risk-embracing Reddit group: “You still have over $12k left, come back tomorrow and finish the job,” lehacf wrote.

https://www.marketwatch.com/amp/story/guid/30DEBDF6-A5C8-11EA-9237-EF7B9133097E

celito · Jun 3, 2020

Cascarino's Pizzeria said: ↑

Rough time at the casino:

Yes, StopFapForever, who claims to be a 28-year-old Italian, shared his brutal market mistake with the bunch on WallStreetBets. He apparently he went all-in on Luckin and lost his entire life savings in the process. “Now I’m broke af,” he wrote, posting this screenshot of the carnage:

The top response fits the general theme of the unforgiving, risk-embracing Reddit group: “You still have over $12k left, come back tomorrow and finish the job,” lehacf wrote.

https://www.marketwatch.com/amp/story/guid/30DEBDF6-A5C8-11EA-9237-EF7B9133097E
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Oh LK ... yeah ... that was a nice one. Fuked a lot of people up.

ChrisSSBB · Jun 3, 2020

Cascarino's Pizzeria said: ↑

Rough time at the casino:

Yes, StopFapForever, who claims to be a 28-year-old Italian, shared his brutal market mistake with the bunch on WallStreetBets. He apparently he went all-in on Luckin and lost his entire life savings in the process. “Now I’m broke af,” he wrote, posting this screenshot of the carnage:

The top response fits the general theme of the unforgiving, risk-embracing Reddit group: “You still have over $12k left, come back tomorrow and finish the job,” lehacf wrote.

https://www.marketwatch.com/amp/story/guid/30DEBDF6-A5C8-11EA-9237-EF7B9133097E
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I peruse WSB every now and then just for the LOL’s. There is some good humor in there and interesting takes on the market by guys who are trying to make money fast and largely get burned (not everyone).
All sorts of folks who got the surprise of their life when they bought oil thinking it couldn’t go any lower only to discover prices went negative costing them a bunch.

roby · Jun 3, 2020

crazypete13 said: ↑

You're forgetting the obvious 'silly' case - I mean really - 'Who are you' isn't on 'Who's Next'
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What....is he the next batter....I don't know...3rd base.

argentine soccer fan · Jun 3, 2020

Cascarino's Pizzeria said: ↑

Dow futures up. Martial law good for business.
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Unless of course the insurgents win.

feyenoordsoccerfan · Jun 4, 2020

https://www.dw.com/en/why-stock-markets-are-so-calm-amid-global-economic-turmoil/a-53679299

feyenoordsoccerfan · Jun 4, 2020