jimmythegreek
The opening odds start here
Unemployment drops to 13.3%. Futures soar 700 plus points. V shape, U shape, or L shaped recovery?
May jobs report adds 2.5 million
- Thread starter jimmythegreek
- Start date
The market is uncoupled from the economy. The market rise has been 100% about the Fed.
mr merlin
EOG Master
No todays market. The unemployment rate was expected to exceed 20%, some people said closer to 25. This report is enormous, it means no 4th economic stimulus in needed, which smashes the lefts hopes to force crap into that bill, no more unemployment extensions, no more free money.
Basically the whole country is going to get back to normal. Not only that the covid hoax fades by the day.
jimmythegreek
The opening odds start here
There are still more than 20 million fewer jobs from February, so we're not out of the woods yet. Some form of stimulus will still likely be considered, although nothing in consideration or comparison to extended and enhanced unemployment benefits.
jimmythegreek
The opening odds start here
This morning's surge is totally unrelated from granted stimuli.
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And will
any further stimulus will go right into the hyperinflation kitty.
the recovery will look like a fish hook until it gets caught on a rock
You will see the cumulative tally of printed money, needless and failed trade wars, oil supply manipulation, civil unrest, devaluated currency, high unemployment and a FED with no room to maneuver.
This is called Crack up Boom. Google it.
I told the story 4 months ago.
You will see the cumulative tally of printed money, needless and failed trade wars, oil supply manipulation, civil unrest, devaluated currency, high unemployment and a FED with no room to maneuver.
This is called Crack up Boom. Google it.
I told the story 4 months ago.
MonkeyF0cker
EOG Dedicated
Record close for the NASDAQ may be in the cards today.
That's very nice for nobody much. The markets have little to indicate other than the amount of free money pumped into them.
The biggest effect on day to day life is to give folks a false sense of security from shit they got fukk all to do with.
The lower middle working class, no 401 folk are so badly fukked, entry level 401k's are gonna be worthless.
Go NAZDAQ.
MonkeyF0cker
EOG Dedicated
Right. Companies like Amazon, Costco, Gilead, Cisco, Citrix, Activision, Electronic Arts, Google, Facebook, etc. doing just terrible in this environment. Who would actually own any of those stocks? That would be stupid.
I guess everyone's 401k's just disappeared. COVID-19 made them vanish. Or maybe it turned them all into "entry level 401k's" - whatever the fuck those are supposed to be.
Pretty sure there will be plenty of jobs cleaning up and rebuilding buildings around the country.
Have at it kid.
Nope, didn't vanish. Took a fukkin shitkicking that will never be recouped in most cases when the economy full cycles.
.
Entry level workers are workers that are entering the workforce. They will have entry level 401 ks.
Hope this helps.
MonkeyF0cker
EOG Dedicated
So with the markets back and NASDAQ near a record, people's 401k's took a "shitkicking" how exactly? LOL. Do you even understand how 401k's work?
Oh. So you mean someone who hasn't started a job yet and hasn't put money into their 401k yet will have a worthless 401k. I'm sure everyone appreciates that lesson in rocket science. LOL.
No kid, we have 13% unemployment, GDP down 7% or whatever, half the fukkin country in hiding but 401ks are untouched.
That's about as real as it gets, no fukkin hot air in that balloon. Do you even know anything?
Entry level 401 ks have worse growth potential than you ya fukkin midget shithead.
MonkeyF0cker
EOG Dedicated
Yeah. That happens when governors arrest people for opening their business. Maybe you didn't realize this, but many states are opening up again. Someone looking at that number and thinking that's staying put is beyond ignorant.
And LMFAO at "entry level 401k's" (again a completely make believe term) having any different "growth potential" than anyone else's. You pick your mutual funds and they grow at the same rate as anyone else who has that mutual fund, retard. And if you're talking about employer matches, well that's just as retarded since it depends on the company.
You LYFAO and I gonna be right.
Like I have been all along.
Growth potential.
L O fukkin L.
MonkeyF0cker
EOG Dedicated
Growth potential. What a retard.
Blame the govenors, blame the left, blame the mayors, blame social security.
No bubbles in your world hey fella.
A printed dollar same value as an earned dollar too.
Folks if your 401k is at par with 6 months ago and the country is in severe recession you are gonna be so fukkin rich when the economy reaches 2018 levels.
Just about everyone predicting record levels of personal wealth, earnings, savings, low debt.
It's all real.
No bubbles in your world hey fella.
A printed dollar same value as an earned dollar too.
Folks if your 401k is at par with 6 months ago and the country is in severe recession you are gonna be so fukkin rich when the economy reaches 2018 levels.
Just about everyone predicting record levels of personal wealth, earnings, savings, low debt.
It's all real.
MonkeyF0cker
EOG Dedicated
Of course. I blame the people responsible since that's who you're supposed to blame. The whole world economy is a ponzi scheme, retard. You have this stupid idea that the debt across the globe will ever resolve itself. Most ignorant shit ever.
You play by the rules that are laid out. If you think forgoing gains, like your stupid ass has been doing for years, is going to somehow make you wealthier when anyone's money isn't worth a cup of piss, you really don't understand anything. When the music stops what you're holding in worthless cash won't mean a lick of shit.
MonkeyF0cker
EOG Dedicated
You really have no idea what you're talking about.
MonkeyF0cker
EOG Dedicated
Who shut the states down, dipshit? Uhh. It was the governors.
That unemployment rate isn't permanent, retard. Does that really need to be said? You really have no fucking clue.
Every penny I own is connected to taking easy money from idiots who thought they were gonna win..
Sure excessive debt resolves itself. 100% of the time. Default is a resolution too. Stupid debt is my favorite food.
I'm in gold. Hard cold. Off the streets into the aqua regia gold. Out of the creek gold.
My own man, lone wolf, crazy as fukk.
It is all I ever knew. LOL.
Buy and sell, take and trade. I beat the markets and currency exchanges last year. That party is over.
SlipperyPete
EOG Dedicated
I told you guys the market will be at all time highs even with high unemployment
Funny thread here
Monkey being provided a free education but his fragile ego probably unable to read most of the responses
And the common American is dumb enough to buy into the stock market as an indicator of the average middle class lifestyle
jimmythegreek
The opening odds start here
Unblemished might be a stretch but what was as much as a 36% loss from my peak is now just 9% from being flat again.
mr merlin
EOG Master
I'm at a new all time high on my IRA's(a few %) because I got out and then back in, still down overall because of stocks, but compared to where we were 2 months ago it's a huge sigh of relief.
FairWarning
Bells Beer Connoisseur
I see the comeback in Michigan and don’t like what I see. What will happen with small business here is they will hang on until the end of the year. If there is a second wave, they will throw in the towel. No way these bars and restaurants can make it on 50% occupancy. I think it’s 2 months before it’s lifted also, basically the summer.
I agree 100%. Gold and silver will be golden.
In the past couple weeks, the best stocks have been the high risk garbage. Cruise lines, airlines, casinos. How about Boeing, which expects to need a bailout by Labor Day? Back over $200. Boeing should've been allowed to fail. They brought a lot of the problems on themselves.
^^^^^^^^^^^^^^^^^^^THIS^^^^^^^^^^^^^^^^^^^^^
I wish people would wake up and realize what has happened the last few months is a complete economic heist of wealth redistribution to further the agenda of a "have and have nots" societal regimen.
they laid many off and stock is booming up +21.13 cause of building in china.. down for year though
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