Another crash and burn day for the biden stock market,
from a technical standpoint, 30K has a lot of support but a daily close below 30K would bring Oct low of 26K into play, in normal times with a pro stockmarket administration I would be buying this dip, but these are not normal times and biden will continue to pay off his donors at the expense of peoples 401K savings
Mmmmm are you sure about this?? I was under the impression that he did not trade again after the 2008 crash. Plus I also think he was short the housing market 1.3 billion dollars. Maybe I am wrong but that is my understanding.
Cheers
Blackduck
It happen, DOW closes below 30K for first time this year. Obama caused a 2,000 point selloff in his first 60 days, biden may top that, lets see if the Fed will step in to stop the bleeding
Wasnât there just a gigantic vaccine order?
If you get bored: The Biden Plan to Combat Coronavirus (COVID-19) and Prepare for Future Global Health Threats | Joe Biden for President: Official Campaign Website
Hey Dude, how many times must I tell you that you are âwasting your sweetness on the desert airâ posting the truth here.
I enjoy logging on here most weekends just to read the bitter small minded trash from the three musketeers, FS, BD, and dâŚor is it Ds?
Iâm constantly amazed, even astonished, that anybody capable of using a computer keyboard would fail to realise just how close the USA came to chaos on January 6th 2021.
Ignorance and bitterness jumps out of these pages but itâs kinda gratifying to see that the three Trump lovers are mostly talking to each other now.
So DudeâŚshush, let these sad people continue to spout their feeble irrational concepts of normality and check in now and again just to try and understand what motivates such insanity.
i come here to see the buffoons
buffoon- a person who amuses others by ridiculous or odd behaviour
Aye - Henry Ford (Dad was from West Cork - thereâs a model T on display there) did exactly what you say and the price came down.
There is no such thing as âgoodâ deflation - what Ford did was the opposite of deflation - he stimulated consumer spending - the T came out in 1908. 1909 inflation was -1.09%, i.e. deflation.
The cost of the T continued to fall as did other manufactured goods emulating Fordâs mass production technique. So as prices fell then consumer spending increased.
10 years later inflation was âŚover 17% - then later in early 20âs came the deflation and associated turmoil and depression - peaking at -9.87% in 1932.
Why peak in 1932? answer is simple - there was a new deal - how was it paid for?
Answer - war bonds (Govt debt to tune of $211bn) - they called them war bonds back then - real name U.S. Savings Bonds.
When next did US face deflation on that scale? - a mere skirmish around ww2 time peaking at just over minus 1%.
If you are in business you would understand what deflation does - i did detail it back a few years on BP on the link I gave so wonât bother you guys repeating it.
Apologies for the long post - back what I said then - deflation is an enemy of us all.
BTW - Iâm a history nerd so itâs important clarify terminology - President Franklin D. Roosevelt introduced his âNew Dealâ - among itâs terms was some reforms of Wall Street.
Churchill talked about statistics and lies - so how exactly did Obama cause the 2000 point sell off, was it perhaps the same policies that caused the subsequent buying over the next 8 years on the S&P?
Chart shows S&P during those 8 years - the rise continued in the subsequent 4 Trump years only revisiting the yellow top line in March 2020 - caused not by Pres trump but by covid
Your post is similar to Fox News who ridiculed Pres Bidenâs first week in office as disastrous - after 3 days.
Still in the game - but likely sold his longs on gamestop before all of this - heâs a FA trader.
Tweeted (since deleted) should be " legal and regulatory repercussions" - then again maybe just cross words.
So please explain to me and the other 2 musketeers just how close did we come to chaos?? What could have happened that was so chaotic. Explain how we are ignorant and bitter??
What makes you believe thess phenomenal truths?? What have we said that has lead you to believe in the statements you have just made??
Blackduck
That is true as evident in his assessment of the housing bubble that lead to the 2008 crash. His assessment of the ETF bubble looming makes for interesting reading. It is always an issue when the value of the underlining security is weaker than the current market value irrespective of the instrument or asset.
Blackduck
Yep - câest vrai - check the volume on the etf - also on SLV
Anyways we are only as good as our last trade - itâs the right side of the chart that makes us - or not.
Btw - never forget the cheers 
ROCHESTER, NY â Federal prosecutors on Friday announced conspiracy charges against two members of the Proud Boys, an extremist group with ties to white nationalism, in relation to the riot at the U.S. Capitol on Jan. 6.
My sinceriest apologies.
Cheers
Blackduck
Who cares what you âenjoyâ ? - Once again this punter comes up with absolutely NOTHING !
Now then - explain WTF you are saying and exactly to whom you refer !
BREAKING NEWS
Friday, January 29, 2021 8:08 PM EST
It was the second blow that the judge had dealt to former President Donald Trumpâs company in recent weeks. In December, he ordered the Trump Organization to produce records that its lawyers had tried to shield, including some related to a Westchester County, N.Y., property that is among those being scrutinized by the New York State attorney general, Letitia James.
On Friday, the judge went further, saying that even more documents, as well as communications with a law firm hired by the Trump Organization, had to be handed over to Ms. Jamesâs office.
Looks like they will eventually seize the golf buggy off the fat slob.
