How is the DOW at 30k even though half the country isn't operational?

[mikebadg3]

Service industry on suicide watch

Can't even enter fitting rooms to try chit on in the mall

Small business sector crushed

Gyms losing bigly

Anyone see a pattern?

[swoleyo]

Unemployment rate is around 6.7 percent atm. Stop watching the news.


Gyms and service industry make up less then 3? percent of the US economy.

[PITA21]

keeping it up for retirees

if it crashes they will come running out to flood the job market while being the highest risk for covid

[gluon]

Service industry on suicide watch

Can't even enter fitting rooms to try chit on in the mall

Small business sector crushed

Gyms losing bigly

Anyone see a pattern?

if its still at 30k now imagine if the dem's hadn't shut anything down. we'd be at 100k and all be driving lambos.

[SaviorSelfJT]

Stocks are future looking, not present looking

[LeftistGent]

Cause vaccines are out now and the market is already pricing in eventual normalcy. Tech is also largely unaffected by covid and they've been leading the charge.

Really a lot of people arent even affected by covid tbh. Mostly just restaurant industry and small brick and mortar type stuff.

[Trapstar4.4]

Because the fed is pumping the sht

Wait until you see how badly the value of your previous fiat currency goes into the shtter.

With that said I'm an advocate for helping the people so not arguing that. But just boring what is going to happen..

This is exactly why hedge funds, monster life insurance companies , and other FIs are cutting into their positions on gold in favor of crypto currency. An industry that values finite supply that is governed by math and code.

My best advice is to watch what the big boys are doing and copy them. Your family will thank you later

[ltsOgre]

Because only cucks work for a living. It's all about net worth.

[Kewbrah]

Money machine go BRRRRRRRR

Money has to be put somewhere

Interest rates near zero so can’t invest in bonds

Only option is stocks

-> crazy asset inflation

[Ramoneb87]

My understanding is hope of a stimulus deal was propping everything up. We got a pidley $900 billion deal, as apposed to the 2.4 trillion the dems were asking for, so we will see how that goes. My guess is that with lockdowns starting and a disapointing stimulus we are about to crash and burn

[NYPat]

Massive, massive bubble that literally has nothing to do with the economy.

[mikebadg3]

Massive, massive bubble that literally has nothing to do with the economy.

Thats how it feels

[nikonD70s]

Whenever big money is involved there will always be corruptions

[Smegmalion]

My best advice is to watch what the big boys are doing and copy them. Your family will thank you later

In what world does this even need to be said?

[mikebadg3]

MIC got bitch slapped by Trump too. hasn't started any new wars. yet defense budget went up something ain't addin' up

[dabbmw2002]

Massive, massive bubble that literally has nothing to do with the economy.

Agreed. Look for a spring crash. Pumped up to pull in the suckers, then the rug gets pulled out.

[Harbinger]

35% of all money ever printed has been printed this year. The dollar isn't worth anything, or it won't be when (if) this is ever over.

[Contribution05]

Maybe I'm mistaken but how i understand it is The dollar is worth a lot less than it used to be worth. This happens with quantitive easing, every year a dollar loses value by 2-3% and so your average cost of goods and services go up compared to the US dollar. Though this year they printed a ton of dollars making the value of a dollar worth a lot less. So even with the actual production of the economy not being all that great, it doesn't matter if they keep printing money off at an extreme rate causing inflation.

Some of the groceries I buy I have jumped in price by 10-20% just this year. Also even looking at fast food. A lot of them a single combo is now $10-12. Essentially cash is the last thing you want to hold while they keep churning money out of the printer.

[zyzzliftswjesus]

Everything is made in China and sold in the EU.

[puzzycrookz]

Don’t care stimulus funding pass means stonks can only go up

[clivesbigbiceps]

Diamond Joe is taking the wheel in a few short weeks. He'll get the country back on track, investors know this.

[Trapstar4.4]

In what world does this even need to be said?

The world we live in. It absolutely needs to be said. Fine go ahead and convince regular everyday people to do this. Thinking about it and following through are two totally different things.

I got a grand total of two people to get curious about why sht like BTC exists. Now we have the big dogs diving into this sht like hell because they see what is happening to their pressure dollars. Btc is like 430bil market cap..the masses will get involved AFTER the big dogs fill their bags. But it's whatever. The internet space had a similar beginning with people wondering sht like "why email, I have a mailbox right in my front yard"

[Jasonw1178]

Because those are mostly privately owned companies. Big corporations are doing great.

For instance, my dog groomer I use is a small business. They were forced to shut down. I go up to Petsmart to grab some dog food and the grooming department was busy AF.

Local car lots were shut down. I work at a big dealership, we were going full blast. In fact it helped a lot because car sales has been down the last few years and they had a buildup of new cars, like lots full of new cars because they are recieving faster than selling. The manufacturing had to stop, but sales kept going, and it actually fixed the overstocked inventory problem.

[alain]

It's clear that no-one has a clue what's going on but nobody wants to admit it.

Money is being printed and to damn with the consequences if there are truly any consequences.

It looks like we are entering a stage where being prudent and saving means nothing, we just need to keep people in jobs (i am not sure if this is even true) but the main things seems to be is to keep people spending and keep people occupied

[mikebadg3]

It's clear that no-one has a clue what's going on but nobody wants to admit it.

Money is being printed and to damn with the consequences if there are truly any consequences.

It looks like we are entering a stage where being prudent and saving means nothing, we just need to keep people in jobs (i am not sure if this is even true) but the main things seems to be is to keep people spending and keep people occupied

also, assets would be more important than ever. ex: buildings and machinery/equipment

[alain]

also, assets would be more important than ever. ex: buildings and machinery/equipment

If my only current assets are in cash, to what should I convert? Bitcoin + gold? I won't be buying property.

Mate if i knew i wouldn't be miscing, if you do find and answer please let me know ASAP. I think for Plebs and peasants like us it will be a case of

Put on your mask and eat your bugs we know what's good for you type of scenario

[John Promise]

The Dow is an incredibly small sample of large companies...most of which are in that half of the economy not shut down.

[ParsleyTea]

Wall Street is focused on the future or another way to say it forward learning. Stock traders are betting that the future of the economy will be vibrant.

In the past concerning the virus, the stock market crashed before main street had issues with the virus and lockdowns in Democrat states.

[rootcon]

Stocks are future looking, not present looking

I think that is a stupid thing to say. Who doesn't take into consideration all the info they have?

Stocks are at 30k because of several reasons. Mostly due to the fed and the money printing in the 2010s.

After the 07/08, the Fed bought up toxic debt from banks. Fannie Mae was cooking the books under Frank Raines, who was appointed by Clinton. Clinton opened up the low income mortgage market. This caused it right here: https://www.nytimes.com/1999/09/30/b...e-lending.html

Frank Raines did some fraud, cooked Fanie Mae's books and got huge bonuses for hitting performance quotas. The regulators identified many of the problems but the Democrats buried it. This was on youtube, but they banned the account https://www.dailymotion.com/video/x9jtb6

Then it all blew up, nobody paid off their loans, and everyone knows what happened in 07/08. In the aftermath, TARP happened and so did buying back these bad mortgages from banks (who made huge profits giving them out earlier). They were worth pennies on the dollar, and the fed gave them full value IIRC. Goldman and specifically Gary Cohn is mentioned in the suit, were responsible for fraud in how these mortgages were packaged and sold on the market. Cohn was pushing them big time to his clients, while at the same time, had Goldman's desk shorting it one of many involved in "the big short." That crashed the markets, and the fed in response rolled out Quantitative Easing, or the fed is buying things from the public and running up debt to keep the house of cards going. Here's Jerome Powell's remarks at the 2012 FOMC meeting

p192 https://www.federalreserve.gov/monet...024meeting.pdf
MR. POWELL.
Thank you, Mr. Chairman. So we have had Gary Cooper, the Most Interesting Man in the World, Bill Belichick, Woody Allen, and now Hamlet. [Laughter]
I support alternative B, to relieve the suspense. And as far as what is to be decided at the next meeting, it seems to me we should let it be decided at the next meeting. But I will say that if we have another good run of data, I think there would be a strong case to defer action. And I don’t see us as committed to act unless conditions warrant.
I have concerns about more purchases. As others have pointed out, the dealer community is now assuming close to a $4 trillion balance sheet and purchases through the first quarter of 2014. I admit that is a much stronger reaction than I anticipated, and I am uncomfortable with it for a couple of reasons.
First, the question, why stop at $4 trillion? The market in most cases will cheer us for doing more. It will never be enough for the market. Our models will always tell us that we are helping the economy, and I will probably always feel that those benefits are overestimated. And we will be able to tell ourselves that market function is not impaired and that inflation expectations are under control. What is to stop us, other than much faster economic growth,which it is probably not in our power to produce?
Second, I think we are actually at a point of encouraging risk-taking, and that should give us pause. Investors really do understand now that we will be there to prevent serious losses. It is not that it is easy for them to make money but that they have every incentive to take more risk, and they are doing so. Meanwhile, we look like we are blowing a fixed-income duration bubbleright across the credit spectrum that will result in big losses when rates come up down the road. You can almost say that that is our strategy.
My third concern—and others have touched on it as well—is the problems of exiting from a near $4 trillion balance sheet. We’ve got a set of principles from June 2011 and have done some work since then, but it just seems to me that we seem to be way too confident that exit can be managed smoothly. Markets can be much more dynamic than we appear to think.
Take selling—we are talking about selling all of these mortgage-backed securities. Right now, we are buying the market, effectively, and private capital will begin to leave that activity and find something else to do. So when it is time for us to sell, or even to stop buying, the response could be quite strong; there is every reason to expect a strong response. So there are a couple of ways to look at it. It is about $1.2 trillion in sales; you take 60 months, you get about $20 billion a month. That is a very doable thing, it sounds like, in a market where the norm by the middle of next year is $80 billion a month. Another way to look at it, though, is that it’s not so much the sale, the duration; it’s also unloading our short volatility position. When you turn and say to the market, “I’ve got $1.2 trillion of these things,” it’s not just $20 billion a month— it’s the sight of the whole thing coming. And I think there is a pretty good chance that you could have quite a dynamic response in the market. And I would just say I want to understand that a lot better in the intermeeting period and leave it at that. Thank you very much, Mr. Chairman.

[EmmaW4tson]

Wall Street is focused on the future or another way to say it forward learning. Stock traders are betting that the future of the economy will be vibrant.

In the past concerning the virus, the stock market crashed before main street had issues with the virus and lockdowns in Democrat states.

The system failed in 2008 and was kept on life support. That failed in late summer of 2019. What we're seeing now is the elites abusing the system to get as many assets as they can so when the system does fail they can transition those assets into whatever comes along.

Bailing out banks and corporations and leaving joe and jane out in the cold? Allowing millions to get evicted and/or tossed out of their jobs? Stock market at all time highs? Can just about get 600 dollars through when millions are struggling?

This is not a bump in the road, it is the coming failure of the existing system being propped up as to not spook the millions of regular citizens. Hell the only reason chit hasn't truly hit the fan is because the stock market is still going up and thats all everybody cares about. But once it does start to happen then you will see real chit.