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Sun Jun 7, 2020, 09:59 PM

 

Riots good for Big Business

Doesn't seem plausible, now does it? So many lies ...

So long, 33-day bear market — the bull is back and fresh highs are coming soon, says longtime strategist
https://www.marketwatch.com/story/so-long-33-day-bear-market-the-bull-is-back-and-fresh-highs-are-coming-soon-says-longtime-strategist-2020-06-07

...

“With the benefit of hindsight, [the jobs number] kind of makes sense because we had the Paycheck Protection Program that was basically implemented in April, encouraging small businesses to keep people on their payrolls,” said Yardeni, a longtime Wall Street investment strategist.

He added that, as long as no second wave slams the economy, he sees a V-shaped rebound, at least initially, driving the S&P 500 to record highs over the next couple months. Specifically, he’s looking for the S&P to breach 3,500 sooner rather than later, which is about 300 points higher from here.

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Arrow 6 replies Author Time Post
Reply Riots good for Big Business (Original post)
Odoreida Jun 2020 OP
dhol82 Jun 2020 #1
BamaRefugee Jun 2020 #2
Newest Reality Jun 2020 #3
Claustrum Jun 2020 #5
Faux pas Jun 2020 #4
I_UndergroundPanther Jun 2020 #6

Response to Odoreida (Original post)

Sun Jun 7, 2020, 10:02 PM

1. Jeebus!

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Response to Odoreida (Original post)

Sun Jun 7, 2020, 10:05 PM

2. Not so good for insurance companies, but plenty of new construction jobs, where they'll be too macho

to wear masks, so plenty of work for hospital employees too.

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Response to Odoreida (Original post)

Sun Jun 7, 2020, 10:16 PM

3. No second wave?

Well, that's Peter Pan fantasy land thinking right there. Rah! Rah! Cheer it on.

The way it is looking, the second wave will be the worst thing we have seen in our lifetimes due to the already reckless behaviors and premature openings. Rebound? Let's try, how many rings down into Dante's Inferno are we going to go?

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Response to Newest Reality (Reply #3)

Sun Jun 7, 2020, 10:35 PM

5. They will never admit there would be a second wave.

They hardly admitted that there was a first wave to begin with. Trump and the republicans were downplaying the virus this whole time and never stopped. I am still baffled that we still have 600-1000 deaths a day and we are pretty much declaring that the virus is gone.

I don't believe that we can isolate for more than a month or 2 but we also can't go back to pre-virus days like nothing has happened. We all have to share the responsibility to act differently and more cautiously to prevent the spread of the virus. But this is not happening when half of the people don't believe in the danger of the virus.

My prediction is that we will continue to see 1-2 thousand deaths a day and Trump/republicans will continue to ignore it.

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Response to Odoreida (Original post)

Sun Jun 7, 2020, 10:17 PM

4. Capitalism

= GREED and therefore is a deadly sin, right up there with religion.

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Response to Faux pas (Reply #4)

Sun Jun 7, 2020, 11:49 PM

6. True it's all greed and kick

 

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