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Winning...the economy under Trump

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It shouldn't be too hard for anybody yo figure out that the markets will remain volatile while virus is not contained.

From today's NY Times:

U.S. Stocks Are Static After Rate Cuts

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4 hours ago, Lil Nel said:

Took notice of what?

That the markets go up and down?

We all know that.

That the markets reacted favorably to promises for help from central banks?

That simply means the markets reacted as the central bank's intended.

 

Yes, there will be volitility in the markets.  I said that.

And, guess what?  My stock accounts don't care why the market goes up.  I'm just glad that it will.  

I understand that you're happy with your 4%.  And that's fine.

Me, i'm going to retire before I'm 80.

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2 hours ago, Lil Nel said:

And here it is, from today's WaPo, the reason why markets reacted favorably yesterday:

Fed Cuts Interest rate By Half A Percentage Point In Emergency Step

No so fast.

Quote

Dow drops 750 points after the Fed cuts rates, giving back more than half of Monday’s surge

https://www.cnbc.com/2020/03/02/dow-futures-rise-about-150-points-in-early-trading-extending-mondays-huge-comeback-rally.html

We'll see how the day ends though.  

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It's going to be difficult for the markets to be stable when there is so much uncertainty about having an idiot science denying liar, and his band of corrupt sycophants, running the pandemic planning and response of the USA.

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5 minutes ago, Tweety said:

It will be day to day process.

That's why I said the markets are fluid.

And just how many times can the Fed juice the markets with rate cuts?

We know Trump has been BEGGING Jerome Powell for a rate cut for months.

He finally got his rate cut.

Of course, It came with coronavirus.

 

 

 

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3 hours ago, Tweety said:

Still a wild ride with the week expected to end ugly on the market. 

I'm hoping for a good jobs report today like we have last month.

https://www.cnn.com/2020/03/06/investing/dow-stock-market-today/index.html

Looks the jobs report was good, but beyond giving us a snapshot of the previous month, it isn't useful.

Coronavirus is now a pandemic.

There are 100,000 infected.

Airlines have cut routes and are asking employees to take unpaid leave.

Public venues aren't so crowded.

Hotel bookings are down.

And none of us knows how long this will last.

But I predict healthcare jobs will remain hot.

More doctors, nurses and techs will be needed to replace those infected with coronavirus, and those forced to self quarantine due to exposure.

I know you're a good saver Tweety, and could probably handle three weeks without pay.

But I couldn't.

And many others couldn't either.

Which is why it is good to have that emergency fund.

 

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40 minutes ago, Lil Nel said:

Looks the jobs report was good, but beyond giving us a snapshot of the previous month, it isn't useful.

Coronavirus is now a pandemic.

There are 100,000 infected.

Airlines have cut routes and are asking employees to take unpaid leave.

Public venues aren't so crowded.

Hotel bookings are down.

And none of us knows how long this will last.

But I predict healthcare jobs will remain hot.

More doctors, nurses and techs will be needed to replace those infected with coronavirus, and those forced to self quarantine due to exposure.

I know you're a good saver Tweety, and could probably handle three weeks without pay.

But I couldn't.

And many others couldn't either.

Which is why it is good to have that emergency fund.

 

Yes, my emergency fund has recovered from a disastrous year of needing a new air conditioner and $5K in dental bills and I can handle three weeks without pay but it still would hurt.  But I only have been able to do that through working overtime.   But I understand and have mentioned a few times people are living paycheck to paycheck.  It's going to be interesting to see the virus affect on the next jobs report.

Was glad to see a good jobs report today though, because it might be one fact in keeping the stock market steady in this new reality.

https://www.cnbc.com/2020/03/06/us-jobs-report-february-2020.html

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15 minutes ago, Tweety said:

Yes, my emergency fund has recovered from a disastrous year of needing a new air conditioner and $5K in dental bills and I can handle three weeks without pay but it still would hurt.  But I only have been able to do that through working overtime.   But I understand and have mentioned a few times people are living paycheck to paycheck.  It's going to be interesting to see the virus affect on the next jobs report.

Was glad to see a good jobs report today though, because it might be one fact in keeping the stock market steady in this new reality.

https://www.cnbc.com/2020/03/06/us-jobs-report-february-2020.html

Tried to like your post and couldn't, Tweety.

Your savings habits always impress me!

I don't have your budgeting skills or willpower.

 

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40 minutes ago, Lil Nel said:

Tried to like your post and couldn't, Tweety.

Your savings habits always impress me!

I don't have your budgeting skills or willpower.

 

Sometimes savings and budgeting skills don't matter when one interaction with our health system can cost you your job and financial security. 

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8 hours ago, Lil Nel said:

Tried to like your post and couldn't, Tweety.

Your savings habits always impress me!

I don't have your budgeting skills or willpower.

 

But you rescue horses and have big expenses in that department and are a hero in that regard.  So there's that.

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