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November 29, 2020, 05:19:40 PM
News: 2020 Election day live thread: https://talkelections.org/FORUM/index.php?topic=409870.0

  Talk Elections
  General Politics
  Economics (Moderator: Torie)
  Stock futures are through the roof
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Author Topic: Stock futures are through the roof  (Read 1918 times)
Alben Barkley
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« on: November 09, 2020, 06:56:32 AM »

https://money.cnn.com/data/premarket/

Guys...

I think maybe...

Just maybe...

"Drumpf" was BAD for the market!

Who would have thought a f--king maniac who introduced nothing but instability, unpredictability, and chaos actually could have hold back stocks???

Who would have thought that maybe now that he's gone, things would just get massively better?

All I know is that I'm rich now, and LMFAO at James Woods!
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GoTfan
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« Reply #1 on: November 09, 2020, 07:22:06 AM »

Stock market is not the economy.
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Alben Barkley
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« Reply #2 on: November 09, 2020, 07:27:07 AM »


Yeah, but I'M gonna make money off it right now anyway.

Also the rest of the economy WILL get better soon because Biden WILL have a better COVID plan AND we have news of a 90%+ effective vaccine now. That's why it's booming actually. Combination of potential hope for COVID to go away soon AND news that we will soon have a president who isn't the dumbest man in the world.

Believe it or not, these things matter!
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GoTfan
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« Reply #3 on: November 09, 2020, 07:48:40 AM »


Yeah, but I'M gonna make money off it right now anyway.

Also the rest of the economy WILL get better soon because Biden WILL have a better COVID plan AND we have news of a 90%+ effective vaccine now. That's why it's booming actually. Combination of potential hope for COVID to go away soon AND news that we will soon have a president who isn't the dumbest man in the world.

Believe it or not, these things matter!

I agree, but I think measuring wage growth is a better way of gauging an economy.
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Dr. RI, Trustbuster
realisticidealist
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« Reply #4 on: November 09, 2020, 11:32:44 AM »

It's due to Pfizer, not Trump/Biden.
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Alben Barkley
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« Reply #5 on: November 09, 2020, 11:48:13 AM »


It's both.
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Del Tachi
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« Reply #6 on: November 10, 2020, 05:58:38 PM »

Markets also like the idea of D Pres/R Congress because it means stability.  No new market reforms/regulations are likely to see the light of day, and the only area where Biden and McConnell seem to maybe agree are on pork barrel COVID stimulus and an infrastructure package. 
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Virginia Yellow Dog
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« Reply #7 on: November 10, 2020, 11:15:52 PM »

A sane president.  Divided government.  Gridlock.  What's not to like?  Tongue
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Clarko95
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« Reply #8 on: November 11, 2020, 02:54:12 AM »

Tbh the markets are incredibly overvalued and companies are trading at completely insane multiples, i fully expect a crash next year as reality sets in and the sugar high of the past 8 months goes away
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parochial boy
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« Reply #9 on: November 11, 2020, 04:11:12 AM »

Lots of almost free credit + big government stimulus + not much demand in the economy = lots of cash floating around + incentive to put spare cash into savings = predictable results

But yeah, sure, this will be the first time ever that there won't be a correction of the mismatch between the stock market and the real economy.
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True Federalist (진정한 연방 주의자)
Ernest
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« Reply #10 on: November 11, 2020, 07:44:22 AM »

Tbh the markets are incredibly overvalued and companies are trading at completely insane multiples, i fully expect a crash next year as reality sets in and the sugar high of the past 8 months goes away

The markets are pricing in expectations of an economic recovery once the pandemic is over. If the recovery proves not as robust as expected, for whatever reason, then yeah the markets are overvalued. That's why news that we are more certain to have a working vaccine juiced the markets this week as it reduced the risk that the recovery won't happen as expected.
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AGA
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« Reply #11 on: November 11, 2020, 12:36:01 PM »

Tbh the markets are incredibly overvalued and companies are trading at completely insane multiples, i fully expect a crash next year as reality sets in and the sugar high of the past 8 months goes away

Stocks only go up.
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pbrower2a
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« Reply #12 on: November 27, 2020, 10:26:28 AM »

When highly-leveraged speculative activity becomes the only game in town we are on the brink of an economic meltdown. Sorry, folks. Put your money into a low-yield certificate of deposit so that you will have a return of your investment... and be able to invest in a chastised stock market, buying at fire-sale prices without the fire. The economy can tank, as the retail apocalypse shows. If you think that on-line merchandising can replace brick-and-mortar sales, then think again. On-line shopping is still a high-end practice.

Luxury spending collapses first. Just look at what happened to gold during the last economic meltdown. People quit buying golf clubs and let memberships lapse. The upper class can go from Nordstrom's to Kohl's, and the middle class and skilled workers can go from Kohl's to Wal*Mart. Wal*Mart might be surprised at the new customers who supplant workers laid off, who then go to Big Lots, Dollar General, Family Dollar, and Dollar Tree. 
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