Stock market. Me.

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  • dryheat
    Senior Member
    • Sep 2009
    • 10587

    #1

    Stock market. Me.

    I've been wrong before. But there is something in the air.

    -U.S. investors are counting on Congress for a new support package after additional unemployment benefits that help to support consumer spending expired, but legislators are deadlocked on its possible size.-

    Investors are interested in new support packages? People are idiots, they will spend the Lottery Money on fixing up the old house. Is it Home Depot money that is driving the tech companies up? I think there is bigger money for that, but ahh..a lot of people whistle in the dark. The rents coming due.

    More. The Federal Reserve today said a few things. What caught my eye is they have a plan pertaining to interest rates, inflaction ect. that extents to 2023. I'd call that long range(I'm no spring chicken). So all the pain is looked at and sifted. 2023 is another day.
    Last edited by dryheat; 09-16-2020, 11:10.
    If I should die before I wake...great,a little more sleep.
  • oscars
    Senior Member
    • Nov 2009
    • 551

    #2
    Saw an interesting article in the sports page of the WaPo a couple of days ago. If you folks don’t know, sports betting is huge in the US. With the shut down of sports, gamblers needed some place to go with their money. Guess what, the stock market took a huge influx into day trading, risky hedge funds, credit default swaps etc.

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    • Roadkingtrax
      Senior Member
      • Feb 2010
      • 7835

      #3
      Originally posted by oscars
      Saw an interesting article in the sports page of the WaPo a couple of days ago. If you folks don’t know, sports betting is huge in the US. With the shut down of sports, gamblers needed some place to go with their money. Guess what, the stock market took a huge influx into day trading, risky hedge funds, credit default swaps etc.
      I'm sure the art, firearms, and collectibles auction world is alive and well for money laundering.
      "The first gun that was fired at Fort Sumter sounded the death-knell of slavery. They who fired it were the greatest practical abolitionists this nation has produced." ~BG D. Ullman

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