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Traildogbob

(9,110 posts)
Thu Aug 27, 2020, 03:25 PM Aug 2020

Is it just me

Or are there any others that look at these daily 200-300 point rises in Dow and know it is just Wall Street and billionaire manipulation to re elect Trump. 30 million unemployed, millions facing losing homes and the Dow soaring to keep trump for more tax breaks, pollution, and thievery. How many of you are wallowing in cash with portfolios as thick as the Binders full of women Romney has on his desk?

16 replies = new reply since forum marked as read
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Susan Calvin

(1,681 posts)
1. Of course it's just manipulation.
Thu Aug 27, 2020, 03:26 PM
Aug 2020

That said, I should have had enough sense to put my money back in at the bottom. I should have known they would manipulate it. Actually I did know they would try to manipulate it I just didn't picture them being so successful.

Traildogbob

(9,110 posts)
4. But
Thu Aug 27, 2020, 03:33 PM
Aug 2020

Financial experts, not Mnuchin and Kudlow, all say because it is all BS, the economy will burn to the ground and destroy us all, except the manipulators that will have a heads up and sell before, like many currently serving in Congress and senate. If ya feel lucky and have undervtsbke advisors, ya might make a buck. But where we are headed, a buck will be worth nothing. Useless paper.

Susan Calvin

(1,681 posts)
12. Oh, I have no intention of doing it at this point.
Thu Aug 27, 2020, 04:20 PM
Aug 2020

The horse has left the barn. Yes, it's all going to blow up. I've seen speculation that Trump will blow it up on his way out.

Traildogbob

(9,110 posts)
15. Right!!!!
Thu Aug 27, 2020, 04:36 PM
Aug 2020

The fool will bow up many things as he always does. I believe he will blow up this country to keep out of prison. Thank you for your replies. I quit gambling in markets after the 2,000 crash took 10 years of my money, lost $19,000 in Annuity. Seems petty but to a State educator raising a daughter alone, that was a fortune.

napi21

(45,806 posts)
2. Fed. Reserve is doing what they always do. I asked my broker what they will do if a Dem is elected?
Thu Aug 27, 2020, 03:29 PM
Aug 2020

He told me the Fed would continue to bump up the Market for their own preservation
!

unblock

(52,892 posts)
3. wall street and billionaires are not buying stock in order to help donnie
Thu Aug 27, 2020, 03:31 PM
Aug 2020

they're buying stock to make money.

the *fed* is pumping up the stock market, as are the federal government stimulus/rescue packages.

more fundamentally, covid-19 is affecting non-stock market companies far more than stock-market companies. the reason is that the businesses hardest hit are the ones that require face-to-face customer interaction, which tends to mean smaller, private companies.

the large, public companies rely far more on phone calls, emails, technology, plants filled with robots, etc., and can do a lot of their work from home these days, or at least can find a way to continue business with social distancing.

the nail salons are screwed, but that kind of business doesn't much show up in the stock market.


so some of this is certainly a bubble effect, but some of it is quite legitimate; amazon really is doing very well these days for instance.

Traildogbob

(9,110 posts)
7. Great informative post
Thu Aug 27, 2020, 03:41 PM
Aug 2020

All the Maggots that will vote for Trump because of Dow, can not spell portfolio. A complete crash will destroy Social Security and State retirement investments nationwide and destroy seniors. But big deal, old folks HAVE to die for the economy. Of no use now, they fought the wars for cash so go away you useless eaters.

lunatica

(53,410 posts)
5. My view is that Wall Street's rise is directly linked to
Thu Aug 27, 2020, 03:33 PM
Aug 2020

Society’s fall.

The Pandemic means they can make money from buying stock in respirators, PPEs, and all things tied to medical care.

Hurricane Laura means they can make money buying anything related to building and rebuilding building structures, lumber, tools, nails, etc.

Riots and shootings in the streets is great for buying stock in glass windows and cleanup equipment, and in the manufacture and sale of fire arms.

There’s more, but no need to continue.

uponit7771

(90,442 posts)
8. K&R, there's no "forward looking" crap that anyone can ascribe this to either cause 2021 in the US
Thu Aug 27, 2020, 03:43 PM
Aug 2020

... doesn't look that good either seeing there's no end and people aren't going to take Trumps vaccine.

 

Hoyt

(54,770 posts)
9. Be optimistic -- The Market is up because it expects trump and his goons to be defeated Nov 3
Thu Aug 27, 2020, 03:46 PM
Aug 2020

and the country will heal.

lostnfound

(16,246 posts)
10. Insiders can make moNye on the down and on the up
Thu Aug 27, 2020, 03:56 PM
Aug 2020

Via puts or shorts. And I’m not sure they aren’t pumping it up intending to pull the rug out in the next few months.

Plus, the dollar will slide so the value of stock versus the dollar

Yavin4

(35,533 posts)
11. Let's say you have a super rich father and you run a store
Thu Aug 27, 2020, 04:05 PM
Aug 2020

Now, business is not going so good for you, but every day your rich daddy comes along and buys up your unsold inventory from you.

Voila! Your business shows a profit!

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