Conspiracy Theories!......Have at it!

[wily]

The stock market and treasuries are included in those commodities that China invested in...and that China is pulling their money out of...they are all going to devalue.

treasuries are at the top of the governments list to prop up...they can’t default on those

the pig farmers talking about abortions and slaughtering their pigs without taking to market isn’t because the plants are temporarily closed due to Covid...it’s because they realize that the market is headed down long term...and feeding the pigs is a loosing proposition 

 

 

[wily]

Same holds true for oil price and supposed shortage of storage capacity...if the refineries thought the price was going to go up next month / 6 months...they would find a place to store it.  

But they know what they buy today will be cheaper next month so no one incentive to purchase 

[Quillback]

11 hours ago, jdmidwest said:

I have not seen much about "loans".  I don't think there will be much payback.  Just like the last time.

Funny little turnback from the Supreme Court upholding the Congressional promise to fund the costs of the Obamacare debacle.  Insurance Companies will "never" lose money.

Now the Fed is buying corporate bonds.  Should be good in the short term as it will give corporations money to cover operations, but long term it will cause some companies to become overleveraged and increases the chance of those corps going bankrupt - thus leaving the fed with worthless bonds.  If this economy doesn't get going soon, we could be in for some really bad times.  

The govt. is taking on a lot of debt, it is getting really worrisome.  Tax revenues will decrease, states are having to pay out unemployment benefits in increasing amounts and some of those states are now looking to the feds to bails them out.  

[snagged in outlet 3]

Ok I finally talked to somebody I know that tested positive.  He had a slight fever and the horrible cough.  That's it.  He's in early 60's and a contractor in the SE.  He said he probably got it in an airplane at the beginning of the deal.  Keep in mind I talk to around 15-20 different people around the country everyday.  

[Terrierman]

4 hours ago, Quillback said:

Now the Fed is buying corporate bonds.  Should be good in the short term as it will give corporations money to cover operations, but long term it will cause some companies to become overleveraged and increases the chance of those corps going bankrupt - thus leaving the fed with worthless bonds.  If this economy doesn't get going soon, we could be in for some really bad times.  

The govt. is taking on a lot of debt, it is getting really worrisome.  Tax revenues will decrease, states are having to pay out unemployment benefits in increasing amounts and some of those states are now looking to the feds to bails them out.  

I'm of a mind that the real economic meltdown is yet to come.  I hope I'm wrong.  Printing more money is no long term solution.

[Quillback]

17 minutes ago, Terrierman said:

I'm of a mind that the real economic meltdown is yet to come.  I hope I'm wrong.  Printing more money is no long term solution.

I agree, this whole printing money thing is a short term bridge to get us over the hump.  We can't keep doing it long term.  

[liphunter]

Yea that's not going to work... The market is blowing up today. Tonight someone will cough and the bottom will drop out again tomorrow...

[Terrierman]

42 minutes ago, liphunter said:

Yea that's not going to work... The market is blowing up today. Tonight someone will cough and the bottom will drop out again tomorrow...

I cannot imagine how any fund manager wants to buy anything right now.  I'm manager of a small fund (my IRA) and I am 99% on the sidelines husbanding cash and cash equivalents.  There will probably be opportunities later.  Whoever comes up with a vaccine, treatment, PPE manufacturing, sustainable food production, sustainable transportation seem to be likely candidates.  If they are even publicly traded.

Don't be fooled by any of the indexes up or down.  Volume /number of shares bought and sold is totally in the tank.  Hide and watch is more or less the deal these days.

[snagged in outlet 3]

7 minutes ago, Terrierman said:

I cannot imagine how any fund manager wants to buy anything right now.  I'm manager of a small fund (my IRA) and I am 99% on the sidelines husbanding cash and cash equivalents.  There will probably be opportunities later.  Whoever comes up with a vaccine, treatment, PPE manufacturing, sustainable food production, sustainable transportation seem to be likely candidates.  If they are even publicly traded.

Don't be fooled by any of the indexes up or down.  Volume /number of shares bought and sold is totally in the tank.  Hide and watch is more or less the deal these days.

I bought a little QQQ the nasdaq ETF at 197.00/ share about 3 weeks ago.  My thought was to get in a little every week while it gets killed.  Haven't been able to buy any more since it's up almost everyday since.  218.56/ share today.  Crazy!!  This is a little extra money we put in an account to play with.  My wife works for a communication company and they are booming.  I chose the NASDAQ with the thought that the tech companies won't be hit as hard and some will actually benefit.  Not bragging because I've had my hat handed to me in the market before.😬   

[wily]

I think this latest bump is being provided by the stimulus...and it’s just providing an opportunity for the big money to get out 

to me...there is much more risk to downside than missing out on an upside opportunity.

there will probably be some short term advances with all the stimulus money...but that won’t last forever.

I can’t time the market...so what little money I have is in an fdic insured account in a midsize bank...quite a bit is tied up in a 401k...but it’s all in cash.  I’m not even in a money market...may as well be digging a hole in the backyard 

Save your money...and pay off debt is my advice