stock market was up today...

#11,926
#11,926
Thunder Good-Oil said:
Markets are forwarding looking and there hasn’t been unexpected virus news. It’s a pandemic, not just a problem in the US. The US dollar is still the currency of choice in world trade.
China has weathered COVID better than most countries, but they also have become a target as a bad player in geo-economics. If COVID-19 wasn’t traced directly back to them they’d be in a great spot. But they created the problem and killed millions of people outside of their borders.
The question or concern is whether or not the Dems in control keep the wheels on the pavement or put us in a ditch. If they relax sanctions on the CCP and lead us away from energy independence then the economy will be a disaster in a few years. If the spending isn’t used in a big way building infrastructure and industries then the economy will tank. If the Dems mismanage the country then domestic investment and job repatriation will fail. If tax rates are raised to obstructive and uncompetitive levels again then the economy will go into a slow burn.
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#11,930
#11,930
VolStrom said:
I saw an ad for a 15 year mortgage recently for 1.95% and there is a credit union near me advertising car/boat/RV loans for 1.75% for up to 6 years. After buying my first house with a mortgage rate of near 15% I'm just blown away by these rates.
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And yet, you don't see people that are out here rushing to make these big ticket purchases...
 
#11,934
#11,934
Bloomberg - BlackRock Silver ETF Adds Warning on Shortages as Investors Bail

Amid the back-and-forth, the prospectus for SLV -- which is physically backed by silver -- has been updated to warn that the fund’s authorized participants, who work with the issuer to create new shares of the ETF, may be unable to acquire enough of the metal. As a result, the trust “may suspend or restrict the issuance” of baskets of shares, according to new wording in the risk section of the prospectus.
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#11,943
#11,943
The talking point this morning on why today is red is that January retail sales were better than expected.

Go figure.
 
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