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turbinetree

(24,701 posts)
Fri Jun 19, 2020, 10:24 AM Jun 2020

AS the stock market continues its drive of going up, 38 million unemployed

a raging pandemic that has claimed over 117,000 + deaths, and over 2.5 + million cases in the US and continuing to rise, and 24 states having hots zones looking like New York and the Northeast region and Washington State at the beginning of this fiasco still unfolding, jobs will be permanently lost and not coming back and the fed is propping up the repo's markets that are being paid for by citizens, through the treasury, while oligarchs and corporation are making millions off stimulus packages and the stock market climbs.

The US Senate is more worried about putting cronies on the court bench and packing them with Federalist Society jerks that hate the "Constitution and the Preamble of We The People and citizens having any rights when it comes to the anything, but corporations are people too and money is free speech, while at the same time just sitting on a recently passed House Hero's Act Bill that would help what is supposedly called the United Sates and those 38 million unemployed or about 14.7% of the work force population and other infrastructures that needs that money and not the corporations or oligarchs, help state and local governments struggling because of the pandemic and the effects that are happening in real time.

And then we have learned that concentration camps are being built in China and a "guy" sitting in the white house that thinks that they are great and he wants China to meddle in an US election, because he is terrified that he will go to jail, and if memory serves me correctly, the US Senate republican were warned during the impeachment articles that he would do it again, but 51 of them thought he learned his lesson and would not do it again, and he sure did learn a lesson, I got away with it, and he is going to do it again.

Russia is sending bombers into the airspace in Alaska.
China and India are having a on again, off again clash over a region, UK is just ditching the contact tracing pandemic government plan and outsourcing it to apple.
And the idiot in charge of this country green lighted the killing of bears while still in the den and still going after the public lands to have more fracking and propping up the industry so that they can buy more junk bonds and get money from the fed to prop up a dying industry at our costs by the same banks that just got there hands on stimulus money, and from the latest edition of Mother Jones and the Cruise Industry and the owner of Carnival Cruise lines and the relationship with Trump and that report and other articles from publishing of a great magazines ..........then we get this report .........

Wall Street set to rise at open on recovery optimism

https://www.reuters.com/article/us-usa-stocks/wall-street-set-to-rise-at-open-on-recovery-optimism-idUSKBN23Q1SD


because after all there is still no vaccine, but the market is going up and the other insanity of everyday life is just normal ......at a full seated theater, because after all its is all about that price of stock and gas lighting.................that everything will be normal.................have a great day.............what pandemic

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AS the stock market continues its drive of going up, 38 million unemployed (Original Post) turbinetree Jun 2020 OP
Stock market pro's love sucker rallies. empedocles Jun 2020 #1

empedocles

(15,751 posts)
1. Stock market pro's love sucker rallies.
Fri Jun 19, 2020, 10:57 AM
Jun 2020

'Identifying a Sucker Rally -Investipedia

Identifying a sucker rally can be challenging, even for experienced traders. Sucker rallies appear and disappear without warning, especially during a period of downward-trending market action, such as a bear market.

A bear market is typically indicated by a 20 percent drop in the stock market, and tends to occur when the market is overvalued. During a bear market, investor confidence tends to be low, and traders watch eagerly for signs of upward movement in the market. Inexperienced or panicking investors may be tempted by market upticks, making these investors especially vulnerable to the whims of a sucker rally. They want to buy because they don't want to miss out on any upside that may develop. They are essentially bottom fishing.'

[Here the fundamentals very clearly do not justify a new all time highs, or anything close, in the markets. However, the public is very desirous of optimistic news. Hence the Moderna stock offering scam of a C19, trump's Lysol tried by many, many other misrepresentations and frauds].

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