refineryworker05
Well-Known Member
The economy is so bad that I work in a petroleum refinery and demand for gasoline, Diesel fuel have decreased significantly, and the demand for Jet fuel has absolutely cratered.
trump has truly been a disaster for the economy, the only thing keeping us afloat economically was the CARES act, that sent out checks, gave increased unemployment benefits to individuals. It provided money directly to businesses to retain workers and keep those businesses going, and it sent money to states and cities, without those huge benefits this economy would be even worse the economic pain would be gigantic, and trump's approval will crater into the low to 30's. Yet republicans and trump don't seem to understand this and instead of extending the Cares Act which is the ONLY thing keeping them afloat politically, they are thinking of letting those benefits expire, which sadly will cause tremendous economic pain. Not only that the pandemic is spreading in many states at record levels, with no plan forward to deal with from the trump administration. trump has truly been a disaster as president.
trump has truly been a disaster for the economy, the only thing keeping us afloat economically was the CARES act, that sent out checks, gave increased unemployment benefits to individuals. It provided money directly to businesses to retain workers and keep those businesses going, and it sent money to states and cities, without those huge benefits this economy would be even worse the economic pain would be gigantic, and trump's approval will crater into the low to 30's. Yet republicans and trump don't seem to understand this and instead of extending the Cares Act which is the ONLY thing keeping them afloat politically, they are thinking of letting those benefits expire, which sadly will cause tremendous economic pain. Not only that the pandemic is spreading in many states at record levels, with no plan forward to deal with from the trump administration. trump has truly been a disaster as president.
refineryworker05
Well-Known Member
In terms of stock market performance of the trump administration, at the start of his term there was good growth reminiscent of the start of the Obama administration and then in January 2018 to Sept/Oct 2019 the Stock market was relatively flat. It started increasing a again for 4 months until Feb 2020 and then it cratered and once again we are back at to where it was approximately in Jan 2018.
Under Biden the stock market would do well. I have no idea why republicans lie to themselves that the stock market prefers republican presidents or that the economy does better under republican presidents, its just not reality.
Under Biden the stock market would do well. I have no idea why republicans lie to themselves that the stock market prefers republican presidents or that the economy does better under republican presidents, its just not reality.
Wally
BrownCafe Innovator & King of Puns
Sell Sell Sell!
www.cnbc.com
'Don't get greedy' — Mark Cuban warns investors of stock similarities to 1990s dot-com bubble
The billionaire businessman Monday on CNBC compared the stock market's big run-up from its late March coronavirus low to the 1990s tech frenzy.
Wally
BrownCafe Innovator & King of Puns
Bond Yields Are Sending a Scary Signal on Stocks
(Bloomberg Opinion) -- There is no shortage of investors shrugging off the latest leg lower in U.S. Treasury bond yields, saying heavy central bank involvement in this part of the financial market make such moves less of a signal that the economy or that equities are headed for trouble. That...
finance.yahoo.com
Wally
BrownCafe Innovator & King of Puns
Are trading apps propping up markets?
The rush of armchair traders investing through Robinhood, an easy-to-use app for trading stocks, may be helping inflate a stock bubble and setting up investors for a potential bust.
thehill.com
DriveInDriveOut
Inordinately Right
Jim Kramer was melting down yesterday about the market's rise lol. Poor guy probably bet against the market and is losing money.Are trading apps propping up markets?
The rush of armchair traders investing through Robinhood, an easy-to-use app for trading stocks, may be helping inflate a stock bubble and setting up investors for a potential bust.
Wally
BrownCafe Innovator & King of Puns
I think these writers make all this up. Before it was computerized automatic trading via fancy mathematical formulations swaying the market. Now it's living room Larry with his cell phone?
DriveInDriveOut
Inordinately Right
One day it's all because of computers, then it's index fund overload, then it's day traders on an app, the fed, stock buybacks..... Blah blah blah.
They just make it up as they go.
oldngray
nowhere special
Kramer is one of the best advisors out there. Just do the opposite of what he says.
Wally
BrownCafe Innovator & King of Puns
This guy was wrong before.
www.marketwatch.com
The stock market’s comeuppance is coming, as bullishness gets extreme
The lesson: Keep enthusiasm in check.
www.marketwatch.com
Wally
BrownCafe Innovator & King of Puns
Wally
BrownCafe Innovator & King of Puns
I read Marketwatch pretty much every day, and it seems every article predicting a crash is followed by one predicting a continued bull market. Best bet is just be prepared, and leave the panicking to that Cramer tool.
It's going up so fast, not sure what to do
DELACROIX
In the Spirit of Honore' Daumier
No ones knows what to do...life’s a risk... Crystal Balls and Cramer’s expertise have the same value...
You have to get to the state of mind of “Tomorrow...Tomorrow we always have Tomorrow “! Or my favorite “What Me Worry..”
My accounts went up so much this year , not sure how much my stomach can take.
Wally
BrownCafe Innovator & King of Puns
I thinking of getting out again. Got in at 20k.
My balance is way more than what 8t was before the market dropped. I'm seriously considering putting 50% of my money on the sidelines till after election
You should make your moves based on your financial/retirement timeline using historical average returns, not what you think the market is going to do next week. If you're 5+years from retirement you really shouldn't do anything. If you're getting close then you should already have diversified into some lower-risk holdings, and if you haven't then now would be an excellent time to do so.
