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Business, Economics, and Taxes: Capitalism. Yay? >=(

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mookie1995 said:
stocks fluctuate
next question
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Problem is when all you have is the Stock Market to brag about...

Next questions:

"any comment on the tapes of Melania?"
"any comment on the arrests of Jacob Wohl and his partner?"
"why did The President go to the NJ fundraiser after Hope Hicks tested positive?"
"why didn't the Press Secretary wear a mask at the Press Briefing after she had contact with Hope Hicks and Hicks tested positive? Why wasnt the press informed for safety reasons?"
"Why have the safety protocols been so lax at the WH since August?"

And there are more worse questions to deal with than the stock market right now...
 
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Rumors of a airline bridge bailout through next March have made the markets soar.

The market doesn't give a sh** if Trump has COVID. The market wants some stability in the future. The federal governement will still be there no matter who is in charge.
 
aparch said:
Rumors of a airline bridge bailout through next March have made the markets soar.

The market doesn't give a sh** if Trump has COVID. The market wants some stability in the future. The federal governement will still be there no matter who is in charge.
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Brilliant timing. There was talk of it last night but there doesnt seem to be any real info to back it up. I gotta think the renewed talks between Mnuchin and Pelosi helped as well. (even though Mitch wont lift a finger to pass it)
 
Handyman said:
Brilliant timing. There was talk of it last night but there doesnt seem to be any real info to back it up. I gotta think the renewed talks between Mnuchin and Pelosi helped as well. (even though Mitch wont lift a finger to pass it)
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What interests me in this is the seemingly great working relationship Pelosi and James Bond villain Mnuchin have together. Because whatever Mnuchin likes, Trump supports. And it's difficult for McConnell to go against Trump.

I'm genuinely amazed at how Pelosi can, despite his stonewalling and bill graveyard, have a tighter grip on McConnell's nuts than Trump can. Schumer only has a front row seat to the show.
 
RaceBoarder said:
So do they read the writing on the wall and start talking about how a post election "shutdown" in the name of COVID will ruin them in Q1 of '21?
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It's going to be interesting because a lot of these companies already were throwing 2020 away and looking to 2021, but that was in the summer when it looked like maybe the states could get a handle on Covid.

One good thing is that these are mostly "old money" companies that can weather storms. But, knee-jerk day traders are going to sh*t their pants next week when earnings aren't what they think, causing the markets to rollercoaster. Trump is going to flip with the market reacting violently this week.


But, I'm not an economist. I could be talking out my a**. ¯\_(ツ)_/¯
 
aparch said:
It's going to be interesting because a lot of these companies already were throwing 2020 away and looking to 2021, but that was in the summer when it looked like maybe the states could get a handle on Covid.

One good thing is that these are mostly "old money" companies that can weather storms. But, knee-jerk day traders are going to sh*t their pants next week when earnings aren't what they think, causing the markets to rollercoaster. Trump is going to flip with the market reacting violently this week.


But, I'm not an economist. I could be talking out my a**. ¯\_(ツ)_/¯
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One never trades on past events. Buys and sells are made on future cash flows. Things are always rosy over the hill!!!!;)
 
mookie1995 said:
One never trades on past events. Buys and sells are made on future cash flows. Things are always rosy over the hill!!!!;)
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Serious question: is it possible all the derp is already baked in? It's not as if anything has really changed for months. It's not as if anybody with any money riding on it has ever believed a single syllable from El Hefty. So I would expect the smart money has known those companies are in for another 6-18 months of slow death all quarter, and the shareprice already reflects it.
 
Kepler said:
Serious question: is it possible all the derp is already baked in? It's not as if anything has really changed for months. It's not as if anybody with any money riding on it has ever believed a single syllable from El Hefty. So I would expect the smart money has known those companies are in for another 6-18 months of slow death all quarter, and the shareprice already reflects it.
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That seems to be CNBC's assumption for the last month. With talk of Dems polling better than expected not moving the needles, they started assuming it was being baked in. They now expect a sell off between now and January *IF* Biden is elected AND Dems get the Senate because of the rumored tax increases so people can pocket their profits before being taxed, but even that thinking is wavering with Wall Street now solidly endorsing Biden.

CNBC could literally display this emoji " ¯\_(ツ)_/¯ " 24/7 and still be just as accurate.
 
Down down 650 just an hour and a half into trading.

CNBC hasn't reached pants sh*tting panic yet. A lot of their "core" stocks are merely flat. They're more confused as to what's happening this morning.
 
Well the virus has gone sideways and there is a better chance I grow back all of my hair than there is a stimulus before the election so that plays in.
 
aparch said:
Down down 650 just an hour and a half into trading.

CNBC hasn't reached pants sh*tting panic yet. A lot of their "core" stocks are merely flat. They're more confused as to what's happening this morning.
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I think a lot of it is that the 'rona has gone wild in Europe again. In addition to the ginormous clusterfuck we have happening here.
 
CNBC TV is blaming it on the stimulus...some think earnings wont have much of an affect of mitigating that.

The travel numbers are hurting as well. Airline numbers are down because of the Rona so that is dragging things down as well.
 
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