stock market was up today...

#10,651
#10,651
MontyPython said:
Well, Mr. Trump has systematically enabled this to happen. Nov. elections will be a substantial blue wave. Senate and House will go blue and, of course, the Orange Menace will get the big boot as well. Then crazy left-wing crap will ensue.
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Are you doing any nibbling there girlfriend? Have you locked and loaded for the next president? I value your sage advice.
 
#10,654
#10,654
MontyPython said:
Well, Mr. Trump has systematically enabled this to happen. Nov. elections will be a substantial blue wave. Senate and House will go blue and, of course, the Orange Menace will get the big boot as well. Then crazy left-wing crap will ensue.
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Let's hope this doesn't happen. All three branches DO NOT need to be in the hands of one party
 
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#10,656
#10,656
USAFgolferVol said:
It's moved farther to the right. Much more inclusive before, but now there's no place for the honorable conservatives, which is why most of them don't support Trump
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That's crazy. Gay marriage was dividing topic in the Democratic party as recently as 10 years ago. Now, you would be hard pressed to find a Republican that would vote against it.

Both parties are a rail car and the rail car fell off the leftist cliff about 4 years ago.

The "conservatives" in Washington could whisper about their conservative foundations to their base, as long as they stepped aside when the time was right and never actually engaged in the culture war. In steps Trump, who isn't actually a conservative, and actually engages in the culture war.

The "honorable conservatives" won't get on board with that because it disrupts their actual agenda of pushing tax cuts and continually getting re elected.

But regardless of the reason, a handful of conservatives actually for once engaging in the culture war in this country is not a sign of a rightward trend. The right wing in this country has moved to the left tremendously in the last 10 years.
 
#10,657
#10,657
Ten_Titans said:
That's crazy. Gay marriage was dividing topic in the Democratic party as recently as 10 years ago. Now, you would be hard pressed to find a Republican that would vote against it.

Both parties are a rail car and the rail car fell off the leftist cliff about 4 years ago.

The "conservatives" in Washington could whisper about their conservative foundations to their base, as long as they stepped aside when the time was right and never actually engaged in the culture war. In steps Trump, who isn't actually a conservative, and actually engages in the culture war.

The "honorable conservatives" won't get on board with that because it disrupts their actual agenda of pushing tax cuts and continually getting re elected.

But regardless of the reason, a handful of conservatives actually for once engaging in the culture war in this country is not a sign of a rightward trend. The right wing in this country has moved to the left tremendously in the last 10 years.
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You're forgetting about the evangelicals
 
#10,658
#10,658
Ten_Titans said:
A Republican who is a paper tiger on all "conservative beliefs" except for tax cuts for the rich, and loses gracefully (intentionally) in the big ones like McCain and Romney.
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I didn't think he would answer but you hit the nail on the head.
 
#10,660
#10,660
So how are markets surviving what's now 3 months of slowdown, and what will likely end up being 10 months? Is QE/stimulus that good of a steroid? Or is everybody just hanging on hoping it goes away next month? I'm selling a little. I never sell, but now seems like as good a time as any.
 
#10,661
#10,661
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#10,662
#10,662
MontyPython said:
Good question. I'm afraid this is the answer...

‘The stock market no longer thinks it needs the economy if it has the Fed,’ David Rosenberg says
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He's not wrong.

The stock market, and the financial markets generally, have primarily been liquidity indicators since the financial crisis. If the markets think they aren't going to have liquidity from general economic activity, they sell off sharply and rapidly (see March 2020, December 2018, etc.), then rally when they think the Fed is going to be able to provide liquidity.
 
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#10,666
#10,666
Velo Vol said:
What is the gold market telling us about the economy?
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It doesn't say anything about the economy, in general. Specifically, it tells the story about our fiscal policies. Low gold prices means strong confidence in a currency. High gold price means weak confidence in a currency.

It doesn't say anything about jobs or the stock market, however.
 
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#10,669
#10,669
SEC launches investigation of trading in Kodak shares before and after $765 million loan disclosure: WSJ
Published: Aug. 4, 2020 at 1:06 p.m. ET


The Securities and Exchange Commission has launched an investigation of the trading in shares of Eastman Kodak Co. before and after the news last week of a $765 million government loan to help it make drugs at its U.S. factories, the Wall Street Journal reported Tuesday, citing people familiar with the matter. The loan news caused Kodak's shares to climb to as high as $60, before falling back to $15 on Monday, in massive trading volume. The stock had already moved 25% the day before the news was officially disclosed. Executives with stock options, including some awarded the day before the loan became public, were sitting on big paper gains. Kodak shares were down 1.3% Tuesday, but are up 215% in the year to date, while the S&P 500 SPX, 0.06% has gained 2%.



GUILTY

17elephantAdd-jumbo.jpg
 
#10,670
#10,670
MontyPython said:
SEC launches investigation of trading in Kodak shares before and after $765 million loan disclosure: WSJ
Published: Aug. 4, 2020 at 1:06 p.m. ET


The Securities and Exchange Commission has launched an investigation of the trading in shares of Eastman Kodak Co. before and after the news last week of a $765 million government loan to help it make drugs at its U.S. factories, the Wall Street Journal reported Tuesday, citing people familiar with the matter. The loan news caused Kodak's shares to climb to as high as $60, before falling back to $15 on Monday, in massive trading volume. The stock had already moved 25% the day before the news was officially disclosed. Executives with stock options, including some awarded the day before the loan became public, were sitting on big paper gains. Kodak shares were down 1.3% Tuesday, but are up 215% in the year to date, while the S&P 500 SPX, 0.06% has gained 2%.


Has nothing to do with Trump or the admin

Exclusive: Eastman Kodak top executive got Trump deal windfall on an 'understanding'

GUILTY

View attachment 297451
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Has nothing to do with Trump or the admin


Exclusive: Eastman Kodak top executive got Trump deal windfall on an 'understanding'
 
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#10,671
#10,671
#10,674
#10,674
MontyPython said:
No. Probably not. But given Trump also literally demanded a percentage of a potential Microsoft buyout of TicTok, would it really surprise you?
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He didn’t demand it for himself. I believe he said a portion to the Treasury since they could make the deal possible. Not sure how that would work. Don’t know enough about it.
 
#10,675
#10,675
Vol737 said:
He didn’t demand it for himself. I believe he said a portion to the Treasury since they could make the deal possible. Not sure how that would work. Don’t know enough about it.
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Absurd demand. Since when does the government step in and demand a % of a private deal between two independent private companies? It doesn't. Moreover, it shouldn't.

And oh BTW, am I the only one who sees the connection here with Trump's efforts to put TikTok out of business and his failed Tulsa rally?

Trump's campaign got outwitted by a bunch of teenage girls on Tiktok, and now (surprise!), he wants revenge.
 
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