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  #1711  
Old 03-04-2020, 06:44 AM
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Quote:
Originally Posted by MattTuck View Post
I've been waiting for that part for about 8 years. hasn't happened yet. Not sure why a virus would be any more effective in exposing the delusion than the other observable facts that everyone can see, including record central bank balance sheets, unprecedented interventions in markets, profligate government spending, inter-generational theft on a massive scale, record personal indebtedness, and many others.
Because the clown car is being run by a guy who is functionally illiterate, ignorant. It's about what he can say at a rally, on TV or on twitter, not about any kind of 'reality'...This rate cut is 100% political...another 'save me save me', response.
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  #1712  
Old 03-04-2020, 03:02 PM
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Dow soars 1,175 - second best point rise in history
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  #1713  
Old 03-04-2020, 04:55 PM
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The market reacting to the renunciation of Sanders progressive policies with Biden’s primary victories?
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  #1714  
Old 03-04-2020, 06:48 PM
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Quote:
Originally Posted by Buzz View Post
The market reacting to the renunciation of Sanders progressive policies with Biden’s primary victories?
No.
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  #1715  
Old 03-04-2020, 07:20 PM
mtechnica mtechnica is offline
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Direct result of the feds actions?
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  #1716  
Old 03-04-2020, 07:22 PM
nickl nickl is offline
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Quote:
Originally Posted by Buzz View Post
The market reacting to the renunciation of Sanders progressive policies with Biden’s primary victories?
Partly correct but also due to a phenomenon known as a dead cat bounce.

https://en.m.wikipedia.org/wiki/Dead_cat_bounce

Last edited by nickl; 03-04-2020 at 07:26 PM.
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  #1717  
Old 03-04-2020, 07:24 PM
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Originally Posted by mtechnica View Post
Direct result of the feds actions?
No. If that was the case, then the market wouldn't have tanked yesterday.

It is probably a result of algorithmic trading.
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  #1718  
Old 03-04-2020, 07:33 PM
HenryA HenryA is offline
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Wait, wait...

Market falls = bad.
Market rises = bad.

???
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  #1719  
Old 03-04-2020, 07:50 PM
tomato coupe tomato coupe is offline
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Quote:
Originally Posted by HenryA View Post
Wait, wait...

Market falls = bad.
Market rises = bad.

???
Volatility = bad (mostly)
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  #1720  
Old 03-04-2020, 07:51 PM
Burnette Burnette is offline
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Ha!

Quote:
Originally Posted by HenryA View Post
Wait, wait...

Market falls = bad.
Market rises = bad.

???
Yeah, I kinda get that from this thread too.

It's interesting to watch the daily waves, I look at it long term though as far as my accounts go.

We all knew this was going to be a wild ride this year and the market hasn't disappointed.
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  #1721  
Old 03-04-2020, 08:27 PM
unterhausen unterhausen is offline
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I'm not a big fan of the market going up or down rapidly. The recent volatility just reinforces my feeling that nobody knows what they are doing.
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  #1722  
Old 03-04-2020, 08:58 PM
echappist echappist is offline
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Quote:
Originally Posted by unterhausen View Post
I'm not a big fan of the market going up or down rapidly. The recent volatility just reinforces my feeling that nobody knows what they are doing.
but it's totally efficient, man
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  #1723  
Old 03-05-2020, 07:13 AM
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Quote:
Originally Posted by unterhausen View Post
I'm not a big fan of the market going up or down rapidly. The recent volatility just reinforces my feeling that nobody knows what they are doing.
POY
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  #1724  
Old 03-05-2020, 08:12 AM
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Quote:
Originally Posted by Buzz View Post
The market reacting to the renunciation of Sanders progressive policies with Biden’s primary victories?
Today's Bramhall cartoon in the Daily News:

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  #1725  
Old 03-05-2020, 11:32 AM
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fiamme red fiamme red is offline
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Quote:
Originally Posted by Ozz View Post
That is the standard advice....

But people are living longer so their savings need to last longer, which means you still need some asset growth so you don't outlive your savings.
I got a laugh today from Pearls Before Swine: https://www.gocomics.com/pearlsbeforeswine/2020/03/05.
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