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gam197
Guest
They see an immunization on the way. Markets are reacting.
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PaulinVA
Guest
Yep, not a bad thing.
As I say, the market always goes up.
As I say, the market always goes up.
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TMC
Guest
The market is happy that it appears the election is finally decided.
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Roselle
Guest
Awesome, the market has been going sideways for awhile. Nice to see it heading back up. Hope there is a nice Santa rally in the near future.
Me too, but widespread shutdowns will kill it.
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Roselle
Guest
Indeed, possibly, unless there is more government stimulus. Sometimes I wonder if that is the game being played now.
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PaulinVA
Guest
As an aside to that - those that have jobs should try to help those that don’t this Thanksgiving season. There are a lot of charities providing meals and rent assistance.
Government stimulus will never replace the lost businesses, the lost revenue of property owners who rent out property, the displacement of people who lost their place to
live, the psychological damage done to millions, damage to children denied schooling, and the damage done to future generations.
The virus didn’t do this. Government did.
Well said. Additionally, it helps to try to patronize small businesses because they are the ones being damaged and destroyed.Roselle:
As an aside to that - those that have jobs should try to help those that don’t this Thanksgiving season. There are a lot of charities providing meals and rent assistance.
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RhodesianSon
Guest
I’d like it to tank again for a few weeks so I can put some more money in. I think it’s a little overvalued at the moment.
Should have done that in May.
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RhodesianSon
Guest
I did, I put 20 grand in in April actually, I’ve seen huge returns.
Shareholder capitalism is the driver of wealth for the middle class.
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RhodesianSon
Guest
I only wish I’d gotten started younger. I’ve opened up brokerage accounts for my grandkids to give them a head start.
Same here. But the growth of the last 4 plus years has made a big difference, thank goodness.
LeafByNiggle
Well-known member
That may what this Israeli magazine thinks, but stateside analysts say the most recent surge that put it over 30,000 was the GSA green-lighting the transition to the Biden Administration. So I guess we have to give expectations of a Biden administration credit for this most recent surge.
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TMC
Guest
Thankfully a competent administration is taking over in 57 days. Help is on the way!
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TMC
Guest
Honestly, the expectation that Biden will be elected has been baked in the cake for some time, as he was long the expected winner. The slow build up to the election reflected the market’s expectation that Biden would win. This latest bump is really about removing the uncertainty and instability caused by the contests to the election, which is not so much about Biden, but about the uncertainty that was being caused by the failure to begin transition.
LeafByNiggle
Well-known member
That’s a reasonable way to put it too.
Help is on the way? He’s said he wants to replace stockholder capitalism with so-called stakeholder capitalism, a form of fascistic socialism.JonNC:
Thankfully a competent administration is taking over in 57 days. Help is on the way!
He plans to raise taxes. He plans to repeat the flawed oppression of over regulation.
That’s quite the opposite of competent.
As for help from government, President Reagan said it best:
“ The nine most terrifying words in the English language are: I’m from the government and I’m here to help."
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