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Thread: How long before the lipstick before the lipstick comes off of this pig

  1. #1

    Default How long before the lipstick before the lipstick comes off of this pig

    The stock market does not reflect the economy in anyway.
    30 million people filed for unemployment. Nothing but economic disaster on the horizon. The stock market should be much lower. I'm not hoping for it, but its clear that it does not reflect economic reality. Americans are not spending. They have become savings oriented again. The last thing we need is more falsehoods in the market place.

  2. #2

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    Good Luck with that.. the F-ing Fed IS the "Market" LOL...
    x3

  3. #3

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    Quote Originally Posted by silverone View Post
    Good Luck with that.. the F-ing Fed IS the "Market" LOL...
    It's A shame. I think people are wising up enough that eventually this manipulation will become untenable.

  4. #4

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    Quote Originally Posted by jjmcwill View Post
    The stock market does not reflect the economy in anyway.
    30 million people filed for unemployment. Nothing but economic disaster on the horizon. The stock market should be much lower. I'm not hoping for it, but its clear that it does not reflect economic reality. Americans are not spending. They have become savings oriented again. The last thing we need is more falsehoods in the market place.
    It reflects the fact that we shoved $2 trillion+ into the economy and that money has nowhere to go. 4.8% decline in GDP in a single quarter, and most of that happened in the last 3 weeks of the quarter. heck, the outlook for the 2nd quarter looks worse.

    Stock market crashes, $2 trillion+ get pumped, the economy is still in the toilet but the stock market rebounds 27%. This is what monetary inflation looks like in the 21st century, not inflation of prices but inflation of paper wealth. In the mean time banks and wall street get richer because they just get a cut on all the transactions whether they end up going up or down.

  5. #5
    Join Date
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    Default

    Quote Originally Posted by jjmcwill View Post
    The stock market does not reflect the economy in anyway.
    30 million people filed for unemployment. Nothing but economic disaster on the horizon. The stock market should be much lower. I'm not hoping for it, but its clear that it does not reflect economic reality. Americans are not spending. They have become savings oriented again. The last thing we need is more falsehoods in the market place.
    Some say the FED - well, “the carry-trade” is fostered by low interest rates, is it not?
    Some say, 401ks - well, sure, where else can people hope for growth and dividends.
    Some say - the market is the only plays for yield. I don’t see how they are wrong.
    Some say - it’s too big to fail. The only game in town. Well, not Peter Schiff, he says metals, gold mining and foreign (quality) stocks.
    Some say savings, maybe, but you can’t save what you also “owe” - and most Americans owe (or are in the market (see 401Ks)


    It all scares the bejesus out of me.
    Who are the righteous? ....Markpti

    What value did Burisma think to gain by hiring Hunter Biden as a Board member vs ALL other choices?

    Those who cannot articulate the other argument do not fully understand their own argument.

    "Much can be done by wise legislation and by resolute enforcement of the law. But still much more must be done
    by steady training of the individual - in conscience and character...." .......T. Roosevelt

  6. #6

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    Quote Originally Posted by DBCooper View Post
    It reflects the fact that we shoved $2 trillion+ into the economy and that money has nowhere to go. 4.8% decline in GDP in a single quarter, and most of that happened in the last 3 weeks of the quarter. heck, the outlook for the 2nd quarter looks worse.

    Stock market crashes, $2 trillion+ get pumped, the economy is still in the toilet but the stock market rebounds 27%. This is what monetary inflation looks like in the 21st century, not inflation of prices but inflation of paper wealth. In the mean time banks and wall street get richer because they just get a cut on all the transactions whether they end up going up or down.
    Well said. Now it's over 2.5 trillion. The total market cap. of the DJI and the S&P500 was approximately 30 trillion last time i checked. So 2.5 trillion is over 8% of the total market cap.. Now, the price increase is much larger than 8% since this money is only chasing the stocks available for sale at any given point in time.

    Because of this last point, the currency chasing stocks does not have to be the full 2.5 trillion. It might be just a small fraction, but it is enough to turn the psychology.

    If they can keep the balloon inflated is another question. We'll see.

  7. #7

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    Quote Originally Posted by jjmcwill View Post
    The stock market does not reflect the economy in anyway.

    The stock market isn't supposed to reflect the economy. It reflects investor sentiment on the FUTURE of the economy.

    No doubt, right now investors see a new vaccine with promise and several states beginning to get back to business.

  8. #8

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    The lipstick will never come off the pig. One day folks will realize it’s a pig...

  9. #9

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    Quote Originally Posted by ifionlyhadsomegold View Post
    The lipstick will never come off the pig. One day folks will realize it’s a pig...
    they know it is a pig, but it is their pet pig, so they cherish the walking bacon and ham bearer.

    Golditiki2+++

  10. #10

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    We are working on the 7th stanza...

    Rudyard Kipling

    The Gods of the Copybook Headings
    1919

    As I pass through my incarnations in every age and race,
    I Make my proper prostrations to the Gods of the Market-Place.
    Peering through reverent fingers I watch them flourish and fall,
    And the Gods of the Copybook Headings, I notice, outlast them all.

    We were living in trees when they met us. They showed us each in turn
    That Water would certainly wet us, as Fire would certainly burn:
    But we found them lacking in Uplift, Vision and Breadth of Mind,
    So we left them to teach the Gorillas while we followed the March of Mankind.

    We moved as the Spirit listed. They never altered their pace,
    Being neither cloud nor wind-borne like the Gods of the Market-Place.
    But they always caught up with our progress, and presently word would come
    That a tribe had been wiped off its icefield, or the lights had gone out in Rome.

    With the Hopes that our World is built on they were utterly out of touch
    They denied that the Moon was Stilton; they denied she was even Dutch
    They denied that Wishes were Horses; they denied that a Pig had Wings.
    So we worshipped the Gods of the Market Who promised these beautiful things.

    When the Cambrian measures were forming, They promised perpetual peace.
    They swore, if we gave them our weapons, that the wars of the tribes would cease.
    But when we disarmed They sold us and delivered us bound to our foe,
    And the Gods of the Copybook Heading said: "Stick to the Devil you know."

    On the first Feminian Sandstones we were promised the Fuller Life
    (Which started by loving our neighbour and ended by loving his wife)
    Till our women had no more children and the men lost reason and faith,
    And the Gods of the Copybook Headings said: "The Wages of Sin is Death."

    In the Carboniferous Epoch we were promised abundance for all,
    By robbing selected Peter to pay for collective Paul;
    But, though we had plenty of money, there was nothing our money could buy,
    And the Gods of the Copybook Headings said: "If you don't work you die."

    Then the Gods of the Market tumbled, and their smooth-tongued wizards withdrew,
    And the hearts of the meanest were humbled and began to believe it was true
    That All is not Gold that Glitters, and Two and Two make Four --
    And the Gods of the Copybook Headings limped up to explain it once more.

    * * * * *

    As it will be in the future, it was at the birth of Man --
    There are only four things certain since Social Progress began --
    That the Dog returns to his Vomit and the Sow returns to her Mire,
    And the burnt Fool's bandaged finger goes wabbling back to the Fire --
    And that after this is accomplished, and the brave new world begins
    When all men are paid for existing and no man must pay for his sins
    As surely as Water will wet us, as surely as Fire will burn
    The Gods of the Copybook Headings with terror and slaughter return!

    Now there's no more oak oppression
    They passed a noble law
    Now the trees are all kept equal
    By hatchet, axe and saw.

    I will not comply.

    The Tea Party... quietly plotting to take over the world,
    and leave you the hell alone!

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