Black Monday

[bull....]

I've heard a theory that lockdowns in the US were good for the market because people were using the spare time to buy stocks on robinhood (a free platform which is similar to sharesies). Buffett stayed in cash during most of this time but it turns out the robinhood guys were spot on.

Not even the experts seem to know what is going on. still diversification always wins out.

dow will be at 40000 lol probably when we are getting 50k a day dying from the virus , rationality being the more who die the more fed money printing the more juice for the market.
even in NZ they are talking about QE being upped to 120 billion next year even without the virus like situation of the US and some of this QE money is obviously flowing into our market. imagine the virus hitting NZ big -time would mean RB would have to up the QE to a trillion lol ... that would be a boon for NZ shareholders

[bull....]

The Fed has led the world on this crazy bubble ride. When the ride finally screeches to a halt, the consequences will be far-reaching. A decade or more of stagflation awaits the world. Political turmoil and revolution might accompany it.

https://www.scmp.com/comment/opinion...id-crisis-west

[bull....]

Where are the jobs going to come from, with the biggest technology companies employing relatively few people? With consumer spending being about 60% of the economy there needs to be well-paying jobs, a strong middle class to support the economy. It is another way in which the sharemarket is divorced from the real economy.

https://www.newsroom.co.nz/rod-orams-june-26-column
In the S&P 500 for example, five stocks account for 20 percent of the index’s market capitalisation – with the other 495 accounting for the other 80 percent. The five – Amazon, Alphabet (parent company of Google), Apple, Facebook and Microsoft – have out-performed the market while helping to drive it up.
But four of those companies have surprisingly few employees. For example, Apple’s staff worldwide numbers only 137,000 and Microsoft’s 151,000. Yet, both have market capitalisations greater than US$1.5 tr. By comparison, back in the early 1960s when stock markets reflected the real economy, AT&T and General Motors employed nearly 1.2 million people combined.

bankers getting richer for sure

Bankers Make Billions From Fed Money Printing As Double-Dip Recession Fears Surge

https://www.zerohedge.com/markets/ba...on-fears-surge

[bohemian]

bankers getting richer for sure

Bankers Make Billions From Fed Money Printing As Double-Dip Recession Fears Surge

https://www.zerohedge.com/markets/ba...on-fears-surge

Zerohedge "apocalypse porn. It has accurately predicted 200 of the last 2 recessions."
https://rationalwiki.org/wiki/Zero_Hedge

[bull....]

nasdaq on a roar lol going to the moon dragging the sp500 up with it. anyone looking for a cheap US virus play check out NBY ( i own )

NovaBay Pharmaceuticals Announces Laboratory Results Confirm Avenova Kills SARS-CoV-2 (COVID-19 Virus)

https://www.businesswire.com/news/ho...onfirm-Avenova

[Panda-NZ-]

How much will trickle in to our market too lol. Good for short term nzx values I guess

[bull....]

How much will trickle in to our market too lol. Good for short term nzx values I guess

plenty , money is free in the US , if they get a dividend paying stock in NZ its money for jam.

[JBmurc]

""The quick development of a vaccine could be bad for the stock market, because it would mean an end to federal stimulus""--Analyst on CNBC

[Panda-NZ-]

I'm pleased to see the EU act quickly they are usually slow doing these things. The ability to rapidly respond will be important I think.

[bull....]

“Everybody is a genius in a bull market,” the “Shark Tank” investor warned. “Everybody is making money right now because you’ve got the Fed put and that brings people in who otherwise wouldn’t participate.”
Cuban said he told his niece that the only way to keep the money you make in the stock market is by “cashing out.” He said, “Don’t get greedy

https://www.cnbc.com/2020/07/20/mark...om-bubble.html