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Economy

Warpy

(114,650 posts)

2. Well, it won't be for long

Reply to Claustrum (Reply #1)

Fri Jul 31, 2020, 07:15 PM

Jul 2020

as a lot of retirees out there who have been using dividends to supplement social security start having to dump stock to make ends meet, and there are millions of such people out there, tiny minority of retirees that they are.

I figure it's going to be one step forward, two or three steps back as earnings dive across the board. It's not just oil earnings that will take a dive.

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U.S. Dollar Suffers Its Worst Month in a Decade [View all] left-of-center2012 Jul 2020 OP

Well, that's expected when you keep printing money to pop up the stock market Claustrum Jul 2020 #1

Well, it won't be for long Warpy Jul 2020 #2

Trump and the GOP needed the stock market to at least say they are good for the "economy" Claustrum Jul 2020 #3

That is fine with me, but a lot of people will be furious Warpy Jul 2020 #5

Q1 SP500 Earnings per share: 2017: 27.46, 2018: 33.02, 2019: 35.02, 2020: 11.88 😲 👀 progree Jul 2020 #4

Yep. Been watching it every month. Warpy Jul 2020 #6

This is a good thing. OrwellwasRight Aug 2020 #7