patrick.net

DOW SLIPS MORE THAN 560 POINTS; PRESIDENT TRUMP ANNOUNCES OPENING OF U.S. STRATEGIC STOCK MARKET RESERVE, WHICH WILL BUY SHARES OF ANY $SPX COMPANY DOWN OVER 1%, SHARES TO BE KEPT IN A LOCKBOX -FOX BUSINESS

jazz_music says

Why? Don't they want to retire someday too?

They want to retire on a generous government pension given to them, not on the money they will have to save and invest their whole life, silly.

It's not a Market Crash because Trump didn't say "Mother May I".

How infantile can one party be?

Tim Aurora says

komputodo says

That sounds like a moronic tourist that goes to a 3rd world country...spreads a few dollars around...the natives smile and take the money...then the tourist come back home and tells all his friends how the natives love americans..lol

I guess they want him to spread a few more dollars around

jazz_music says

this economy that has little to do with what people make and buy, and more to do with debts and finance.

This is a pile of bullshit right there.

jazz_music says

he billionaires are getting all the returns on the market

This is a pile of bullshit right there. Many ordinary people who had the mettle to save and invest are getting returns on the market.

jazz_music says

https://www.zerohedge.com/health/did-not-cause-b

But you already knew that.

Back on 24 December 2018 all the major indices were down about 20% or more. The S&P 500's P/E ratio (ttm) was around 19, which put it in over-valued territory and below the bubble territory.

Then there was a run-up of about 32% from January 2019 to middle of February 2020.

We were due for at least a 25% correction. Dr Doom (i.e., Professor Roubini) has forecasted about a 35% crash from this pandemic. The S&P 500 already dropped 35% back in March.

Goldman Sachs is forecasting the S&P 500 at 3000 at end of 2020. It peaked to 3393 back in February.

TEOTWAWKI says

Zero HedgeHog peddling Peter Schiff's doom'n'gloom "wisdom". How fresh.

A large segment of Zero Hedge (ZH) is made of eternal gold bugs and perma bears like Peter Schiff.

You don't get much value-analysis and consumer spending forecasts on ZH like you do other sites like Seeking Alpha.

Don't get me wrong, its good to hedge even if you buy a silver ETF and not silver eagle coins, as well as buy commodities like US Natural Gas Fund and even the major energy conglomerates or integrateds like Exxon and Chevron.

I'd say have about 25% of your portfolio in commodities exposure like that going into another Federal Reserve driven run up of the stock market. I just remember back in late 2013 listening to the CNBC pundits even admitting back then that 50% of the market rally from 2009 was due to the Federal Reserve policies and federal government stimulus spending.

What readers may not realize is that there is new money every day seeking a place to be invested.

Pick a poor country with extreme poverty, and they have rich who buy investments.

Mexico, Philippines, etc. rich people are buying something and if interest rates are low, it will be stocks.

It won’t be all stocks because some industries are not doing well now.

I’m going to seek more income this summer to buy some more.

logic says

Fortwaynemobile says

You are saying all manufacturing is robotic

Who are you talking to? Who is saying all manufacturing is by robots? you understand what the word 'new' means? Do you understand that when someone says 'will be' they are talking about the future not the present.

A poster above, and still wrong. All manufacturing isn’t automated. It’s too expensive. Look at spaceX and Tesla

You have to be challenged not to know that 80% economic shut down caused the stock market drop. I'm actually impressed and expected worse earnings so far. What the article is hinting at and exaggerating is that stocks were toppy before, but a normal correction would never have dropped more than 5-10% in the MAGA economy.

mell says

What the article is hinting at and exaggerating is that stocks were toppy before, but a normal correction would never have dropped more than 5-10% in the MAGA economy.

I don't think we would have seen a 35% correction like we did in March.

Without the pandemic, maybe we would have seen a 25% drop from the peak of 3393 for the S&P 500 given how the economy has done since Trump's election.

I have to keep my records as a Public Official secret!

People can't know what I did when I was in Public Office in the Senate years ago! It might be subject to questioning!

Excellent! I love that EU countries have a low confidence in Trump. It means they're afraid he'll stand up to the unfair Trade Rules and their NATO underspending.

Tim Aurora says

Yeah, you want both ways. If popular "Yeah" and if not Yipee. Whatever Trump does is Gods word for Trump-turds

Huh? How do you figure this?

He's not popular in Europe as a whole, did I ever say otherwise? That has nothing to do with his US Popularity, and unlike Mexicans, Europeans generally don't vote in US Elections.

.

Trump's approval rating now is at 49% and at its highest.

Obama was around 47% just before the 2012 election.

https://thehill.com/homenews/campaign/495695-trump-hits-49-percent-approval-rate-in-gallup-poll

.

NoCoupForYou says

Excellent! I love that EU countries have a low confidence in Trump. It means they're afraid he'll stand up to the unfair Trade Rules and their NATO underspending.

Trump is very popular in Nigeria and Kenya: https://www.cnn.com/2020/01/09/africa/africa-trump-pew-poll-intl/index.html

While international confidence in Trump's handling of world affairs has flagged across Europe and most of the rest of the world, opinions of the US President remained mostly positive in two of Africa's most populous countries, the research finds.
Sixty-five percent of Kenyans and 58% of Nigerians believe Trump "will do the right thing regarding world affairs," it finds.

Since People of Color love trump, it means that NOT loving and NOT supporting him is RACIST!!!!

ThreeBays says

There's also a large decrease in accidental deaths because of the shutdown.

But there will be a huge uptick in preventable disease deaths, due to delayed screening and treatment thanks to Coronapanic keeping people from medical facilities.

Suicides

Tim Aurora says

How to calculate deaths casued by a pandemic during a pandemic. We can do this by looking at weekly deaths and comparing those with previous years. In the midst of a pandemic, it is safe to assume that any extraordinary spikes in deaths are caused by the pandemic

We are only at 90% of expected deaths.
https://www.cdc.gov/nchs/data/health_policy/Provisional-Death-Counts-COVID-19-Pneumonia-and-Influenza.pdf?fbclid=IwAR2Z93eoib_HNC1XDznHqZBZ4OFlNIVhL2ES31lRt5iRdtgUe93wvAXmmI4

Percent of expected deaths is the number of deaths for all causes for this week in 2020 compared to the average number
across the same week in 2017–2019. Previous analyses of 2015–2016 provisional data completeness have found that
completeness is lower in the first few weeks following the date of death (<25%), and then increases over time such that data
are generally at least 75% complete within 8 weeks of when the death occurred.

The simplest way of tracking Covid-19 deaths, is to say all deaths are Covid-19 deaths.

LOL April 21 this Hoax falls apart 10 fold every week. April 21 was right around Trump was telling us all to brace ourselves for the worst week yet.
It never happened.

jazz_music says

NRA have used a CONVICTED Russian agent, Maria Butina.

I didn't know the NRA was Democrat. Is she the one that honey trapped IHLlary into the uranaium deals?

jazz_music says

Another REPUBLICAN fake grassroots movement is BUSTED

Now go off and cry

"it's not fair"

"MSM is the enemy of the people"

"Fake news"

It is fake news.

www.youtube.com/embed/Z1UOQSrRPfE

and has been for a good, long, time:

https://www.youtube.com/watch?v=LmfVs3WaE9Y

That's the daughter of Saud Al-Sabah, the Kuwaiti ambassador to the United States, and everything she said in that was a lie. Her testimony more than anything else convinced the Americans war was needed against Iraq.

jazz_music says

Not only is NRA funding and organizing these protests, but they are also acting as conduit between Russia and the Republican party too.

https://www.youtube.com/watch?v=ySZvUCFR4tk

NRA have used a CONVICTED Russian agent, Maria Butina.

MSNBC? This MSNBC?

https://www.youtube.com/watch?v=8abLxGh_RQc

Let me remind you, General Flynn was "convicted" as well.

You really still believe in our justice system and our media, still?

jazz_music says

MSNBC

Watch it you won’t melt.

I'd just be wasting my time.

jazz_music says

You can’t point out any lies in there so STFU unless you have a pertinent question

Haha, you don't think I can point out a single lie, of Rachael Maddow?

www.youtube.com/embed/DKuIjT-k-C8

To think I used to actually respect her when she was telling the truth about George W. Bush. I didn't realize she was just a partisan whore at the time. Fool me once!

She's just a propagandist.

Separation of families at the border started under William Jefferson Clinton, continued under Bush, continued under Obama, continues with Trump. Now she's suddenly "concerned" about it. She's just a sociopath. You are entirely wasting your time listening to these people. Hell, just to get through that video to check it, I had to play it at 1.5 times the speed. I don't know how people can stand to sit and listen to these people say nothing for so fucking long, and when they say something, it's bullshit.

I haven't watched television in 30 years. I don't know how you can stand to watch anything out of the propaganda box.

Tenpoundbass says

Liberals will not win this.

You can't "win" a virus.

Ahhh, the Atlantic, MSNBC, all targeted to the Clerisy and giving all the mentally ill their alt reality.

Their dream is the destruction of all normies. They're mostly like fish tank cleaner wife, all deeply miserable and blaming the Chad's and Stacey's, stuck in 8th grade.

Funny that when Trump properties defaulted on its loans with DB, there was no great savior forthcoming from Russia, either from its banks or oligarchs to make the payments.

Trump properties simply asked for forbearance, the same as many other commercial property companies.

Kinda destroys the Russian narrative thingy again.

https://www.bloomberg.com/news/articles/2020-04-02/trump-organization-asks-deutsche-bank-for-loan-payment-delay

NoCoupForYou says

the Atlantic, MSNBC, all targeted to the Clerisy

The clerisy ("Educated people considered as a group; the literati.") feel deeply threatened by Trump and the emerging populism.

Their status and self-respect depend entirely on being better than the proles that they own and rule. The proof that they are better is their elite degree.

If a Harvard or Yale degree is no longer so valuable, then their own value drops, and this is their greatest fear. Lower status, perhaps lower income.

This fear explains the rabidly insane levels of hatred for Trump and populism among the clerisy.

OccasionalCortex says

richwicks says

He legalized gay marriage.

Really? I thought the states did that.

Nope, it wasn't the States. Even left leaning California voted that marriage was between one man and one woman by popular vote.

It was decided by SCOTUS

Misc says

OccasionalCortex says

richwicks says

He legalized gay marriage.

Really? I thought the states did that.

Nope, it wasn't the States. Even left leaning California voted that marriage was between one man and one woman by popular vote.

It was decided by SCOTUS

Left likes to forget how they lost this popular vote.

So a bank that gave Trump loans to buy real estate may have been involved in money laundering that had nothing to do with the Trump loans.

I suppose all those people with Wells Fargo mortgages need to be held to the fire because Wells Fargo created false checking and credit card accounts..

German-Russian-Terrorist-Drug Cartel-RE Development Collusion!

Everybody knows the Left thinks that American Patriots have no rights to assemble and protest the Communist policies of the Democrats.

It's just a given Jazz, so what's your point?

You're only making your Comrades warm and fuzzy with this propaganda bullshit hit piece on fed up Americans.

How did Democrats get on so wrong, on the wrong side of History?

jazz_music says

Trump has been acting like a Russian asset,

And Christine Blasey. Ford was brutally raped by Kavanaugh

jazz_music says

Show me where reported facts were not true.

You can’t do it.

You are totally outclassed by this one video

Doomsday predictions were absolutely fake, based on bad science. So-called socialist Sweden did the right thing, perhaps because they did not need to bail out fucking banks, because they did not bail them out in 2008-9, and instead nationalized ones that went broke, leaving banksters with 1 kronor. I am amazed how our left-leaning Patnetters do not see an obvious connections of unnecessary corona shutdowns with the new wealth transfer to incompetent banksters/industrialists, called stimulus, and perpetrated in part by ORANGEMANBAD. Somehow here orange man is not bad, while in reality this seems to be the only bad thing he has done during his presidency, other than being a potty-mouth...

rd6B says

connections of unnecessary corona shutdowns with the new wealth transfer to incompetent banksters/industrialists, called stimulus

Of course the elite got bailed out at the expense of the proles once again, but do you think it was planned that way?

That is, do you think the shutdown was planned as a way to generate a bailout for the elite? That seems unlikely to me. The shutdown just seems like very poor judgement.

Patrick says

Of course the elite got bailed out at the expense of the proles once again, but do you think it was planned that way?

That is, do you think the shutdown was planned as a way to generate a bailout for the elite? That seems unlikely to me. The shutdown just seems like very poor judgement.

I can't make my mind up about this. On one hand, planning would require too much intellectual effort and coordination for it to remain secret, and usually simpler explanation (stupidity and desire for power-grab by local politicians, and limelight for researchers who tell us to panic) is right. Then again, think how elites would be able to justify bailouts of people who were bailed out 10 yrs ago if not PANDEMIC! WE WILL ALL DIE!