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  1. #876
    I am that guy RandomGuy's Avatar
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    That's what I"m guessing that it will bottom out at 15k.
    I think trying to call it at all is a fools errand.

    Been watching a lot of financial press, and there are so many negative indicators that they are using the "D" word. All bets are off.

  2. #877
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    I think trying to call it at all is a fools errand.

    Been watching a lot of financial press, and there are so many negative indicators that they are using the "D" word. All bets are off.
    You are right you can't really predict when it bottoms out.

  3. #878
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    dow futures -900 and shut down

    maybe its time to quarantine Trump

  4. #879
    Independent DMX7's Avatar
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    dow futures -900 and shut down

    maybe its time to quarantine Trump
    Is he going to give up all the Obama gains too?

  5. #880
    Independent DMX7's Avatar
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    I think trying to call it at all is a fools errand.

    Been watching a lot of financial press, and there are so many negative indicators that they are using the "D" word. All bets are off.
    People don’t realize that we narrowly escaped a depression in 2008 because of some risky decisions by the fed and others that worked out. There’s no guarantee we escape one again but I get the feeling if we get too close to that Trump will just throw in the towel and say we have to all get back to work.

  6. #881
    notthewordsofonewhokneels Thread's Avatar
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    People don’t realize that we narrowly escaped a depression in 2008 because of some risky decisions by the fed and others that worked out. There’s no guarantee we escape one again but I get the feeling if we get too close to that Trump will just throw in the towel and say we have to all get back to work.
    ...& he'll use the beaches in Florida & Central Park in NYC as cover.

  7. #882
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    Is he going to give up all the Obama gains too?

  8. #883
    Independent DMX7's Avatar
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    There’s no guarantee we escape one again but I get the feeling if we get too close to that Trump will just throw in the towel and say we have to all get back to work.
    Oh I totally called this... Trump getting ready to waive the white flag against the virus. Full on surrender.


  9. #884
    dangerous floater Winehole23's Avatar
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    Oh I totally called this... Trump getting ready to waive the white flag against the virus. Full on surrender.

    Comports with the policy of undertesting. Mass death was always the subtext: citizens sacrificed for the good of the economy..

    I hope.it turns out otherwise.

  10. #885
    dangerous floater Winehole23's Avatar
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    DMX7 it's scant cause for hope, but Mnuchin did say today that the lockdown could last another 12 weeks.

  11. #886
    Independent DMX7's Avatar
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    DMX7 it's scant cause for hope, but Mnuchin did say today that the lockdown could last another 12 weeks.
    He and Trump are not always on the same page. If the stock market goes much lower Trump may not even hold out until the end of the totally arbitrary “15 DAY PERIOD”.

  12. #887
    SeaGOAT midnightpulp's Avatar
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    DMX7 it's scant cause for hope, but Mnuchin did say today that the lockdown could last another 12 weeks.
    We need to test, test, test, test, and test again. The real mortality rate will be crucial in dictating what we do. If it's around .5 percent, as some theorized, that'll be great. There's been flu seasons that bad before. Then we need to see if the warm weather/less population theory holds. If it does, Texas and Florida and then California (we should warm up pretty good in a month) need to start resuming business as usual, gradually. Retired seniors should be issued a soft shelter in place order until Summer. Unfortunately, I don't think New York is on the same favorable trajectory as the other huge populated states, but if we can get TX, CA, Florida, and much of the country going, we can help NY in their long fight.

  13. #888
    dangerous floater Winehole23's Avatar
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    A .5% mortality rate isn't great, except compared to where we are now.

    That's lethality 5x worse than the flu pandemics of 1957 and 1968, in which ~ 100,000 people (each) died.

  14. #889
    Mr. John Wayne CosmicCowboy's Avatar
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    A .5% mortality rate isn't great, except compared to where we are now.

    That's lethality 5x worse than the flu pandemics of 1957 and 1968, in which ~ 100,000 people (each) died.
    I think we can all agree that the situation isn't great. Unfortunately it's where we are at.

  15. #890
    Mahinmi in ? picnroll's Avatar
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    I’m note an economist by any means. Any ideas on how the massive debt that is about to be incurred will effect the US and world economies intermediate and longer term.

  16. #891
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    I’m note an economist by any means. Any ideas on how the massive debt that is about to be incurred will effect the US and world economies intermediate and longer term.
    well just print more money. this crisis is exposing the scam that is the Fed/Stock Market/Economy

    its like we have cheat codes to the game and can just type them in when a level gets too difficult

    Capitalism scam is getting utterly exposed

  17. #892
    A neverending cycle Trainwreck2100's Avatar
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  18. #893
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    Fed promised to basically buy all small businesses

    Dow opens and starts dropping like a rock


    anything the Fed does at this point will make it worse

  19. #894
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    17k is within. sight today

  20. #895
    A neverending cycle Trainwreck2100's Avatar
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    futures went from -900 to +200, opens at -300.

  21. #896
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    I’m note an economist by any means. Any ideas on how the massive debt that is about to be incurred will effect the US and world economies intermediate and longer term.
    You could get hyper inflation.

  22. #897
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    and the stocks plunge

    despite Fed promising to pump unlimited money in economy

    were done

  23. #898
    dangerous floater Winehole23's Avatar
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    You could get hyper inflation.
    That's what all the fiscal/monetary hawks said about stimulus and QE in 2009. They were wrong.

    We've had eleven years of slow growth and low inflation ever since. We never dealt with the overhang of bad debt.

  24. #899
    Independent DMX7's Avatar
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    and the stocks plunge

    despite Fed promising to pump unlimited money in economy

    were done
    The problem is the coronvairus and until that's solved you can print all the money you want and it's not going to solve the economic issues.

  25. #900
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    dumb ass
    these tweets are aging very well


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