User Tag List

+ Reply to Thread
Results 1 to 3 of 3

Thread: Market palaver.

  1. #1
    Points: 6,544, Level: 19
    Level completed: 28%, Points required for next Level: 506
    Overall activity: 0.1%
    Achievements:
    5000 Experience PointsVeteran
    Torus34's Avatar Senior Member
    Karma
    208
    Join Date
    Aug 2020
    Location
    Staten Island, NYC
    Posts
    1,316
    Points
    6,544
    Level
    19
    Thanks Given
    0
    Thanked 198x in 179 Posts
    Mentioned
    4 Post(s)
    Tagged
    0 Thread(s)

    Market palaver.

    11/4/2020, 11 a.m. EST.

    It's often amusing to hear market analysts use little aphorisms in their description of the gyrations [Ed.: or lack thereof,] in the stock markets.

    Case in point: as I type this, the DJIA is up by almost 560 points compared to yesterday.

    We in the US have voted, but the man to take the oath of office on January 20th, 2021 is still not known. Given the time required to count all of the ballots in the states, most especially in the 'battleground' states that will determine the winner, the delays due to court challenges, and the inevitable challenges and recounts should the vote in a given state be close, it may be a week or more before the matter's settled.

    Now consider this phrase beloved of market pundits: 'The market doesn't like uncertainty.'

    As I said, amusing.

    Regards, stay safe 'n well. Remember the Big 3: masks, hand washing and physical distancing.
    "And gladly wolde he lerne and gladly teche." Chaucer, the Canterbury Tales.

  2. #2
    Original Ranter
    Points: 859,042, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 90.0%
    Achievements:
    SocialCreated Album picturesOverdrive50000 Experience PointsVeteran
    Awards:
    Posting Award
    Peter1469's Avatar Advisor
    Karma
    496573
    Join Date
    Jun 2011
    Location
    NOVA
    Posts
    241,693
    Points
    859,042
    Level
    100
    Thanks Given
    153,218
    Thanked 147,583x in 94,415 Posts
    Mentioned
    2552 Post(s)
    Tagged
    0 Thread(s)
    In the short term the market will adjust to whoever wins. It is simply moving money where growth will happen.

    In the long term, the markets won't like an economy in recession.
    ΜOΛΩΝ ΛΑΒΕ


  3. #3
    Points: 143,765, Level: 91
    Level completed: 20%, Points required for next Level: 2,885
    Overall activity: 79.0%
    Achievements:
    Social50000 Experience PointsOverdriveVeteran
    carolina73's Avatar Senior Member
    Karma
    43658
    Join Date
    Sep 2019
    Posts
    57,490
    Points
    143,765
    Level
    91
    Thanks Given
    56,067
    Thanked 43,663x in 28,251 Posts
    Mentioned
    154 Post(s)
    Tagged
    0 Thread(s)
    The stock market is globalist corporations. Trump was threatening their ability low cost suppliers Think of Walmart without China. They would be a grocery store. What happened to 3M PPE without China = they ran out and could not supply? Etc...

    They US only represents their wealthy consumer base that they want to sell whom they are about to put into a deep recession.

    The corporations will then move to China because they have no loyalty. They are the opposite of Henry Ford and business owners that created the largest manufacturing and consumer economy in the world.
    Henry Ford was a mechanic. The ones tearing us down went to Harvard and Yale, just like our terrible politicians.
    Last edited by carolina73; 11-04-2020 at 12:24 PM.

  4. The Following User Says Thank You to carolina73 For This Useful Post:

    RMNIXON (11-04-2020)

+ Reply to Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts