There's something seriously wrong with the stock market

[dutch508]

Calculating (1,685 posts)
https://www.democraticunderground.com/100213410418

There's something seriously wrong with the stock market

The nasdaq is back near record highs on the greatest unemployment since the great depression? Really? I guess all those unemployed people don't matter because they were "the poor" anyway. Just look at jokes like Tesla and Uber, Uber lost 3 billion dollars in a quarter and the stock went up big?

I honestly hate the fed chairman Powell for this mother of all bubbles he's created. It's like the fed have just outright said that the markets will never be allowed to correct again no matter how awful the real economy is. This whole system is so corrupt that it simply all deserves to burn.

It's almost like the businesses in the US believe Trump is going to bring the country back from the COVID-19 crash...

Newest Reality (9,395 posts)

1. I guess...

I guess you didn't hear about our bad divorce. It was terrible. Wall St. got the entire settlement and left us for the Kakistocracy. They said we were so worthless that they just can't take it anymore.

Now, we sit in a one room apartment that we are about to be evicted from with nothing but a cracked TV, a card table and chair and some can's of beans. We have no idea what they did with the kids.

 

procon (14,377 posts)

4. Corporations will make more profits when they cut

labor costs. They can force existing workers to do mandatory overtime, or contract out to temp agencies,or simply go with automation or online sales.

This is a win for Big Biz. Even if they do hire new workers in the future they will pay them less and offer fewer to keep their profits up.

 

[Texacon]

Damn they want this to be SO much worse than it is showing to be, and it’s driving them mad!

Me, I’m buying stock. It’s all on sale!  It’s like Walmart is selling all the stocks these days. Take your pick, most are going to be winners.

Must suck to be a DUmmie.

KC

[Ralph Wiggum]

Economics and liberals are not friends, or even live in the same universe.

I want to type a thesis length answer to this unhinged stupidity, but I'll hold my thoughts for later.  Most of it are things we all know but aren't said out loud often enough.

[freedumb2003b]

procon (14,377 posts)

4. Corporations will make more profits when they cut

labor costs. They can force existing workers to do mandatory overtime (I am a contractor so, YAY!), or contract out to temp agencies (Sounds good for people who want to temp), or simply go with automation or online sale (15 AN HOUR!! 15 AN HOUR!!!)

[67 Rover]

Newest Reality (9,395 posts)

1. I guess...

I guess you didn't hear about our bad divorce. It was terrible. Wall St. got the entire settlement and left us for the Kakistocracy. They said we were so worthless that they just can't take it anymore.

Now, we sit in a one room apartment that we are about to be evicted from with nothing but a cracked TV, a card table and chair and some can's of beans. We have no idea what they did with the kids.

I know an idiot that moved from Massachusetts to mommies basement in NH that could use one of those right upside the head.

[DLR Pyro]

The DUmmies are content to hide behind their locked doors peering out from behind the window shades while wearing a face mask waiting for the final demise of the United States so their socialist candidate can sweep in next November and  implement their socialist empire that will make venezuala look like a tropical paradise.

Meanwhile the rest of the Country is itching get out of the house, back to work and restore the economy back to the record levels President Trump had it at prior to the chinese virus.

[Ptarmigan]

Stock market is not a predictor of the economy.

[J P Sousa]

Too bad dummies don't have a brain.

I bought Apple at super discounted prices. Not that I like Apple as a company, but the stock is going to make me MORE MONEY.   

[SVPete]

Mehhhh, DU-folk were orgasming when the stock market went into the Covid-19 dive, and now that it's recovering - anticipating the economy will recover strongly - DU-folk are howling mad.

The stock market is very predictable. On any given day it does one of just four things: it goes up; it goes down; it stays the same; it is closed.

[freedumb2003b]

Frankly I have "lost" little (< .5 %) since February -- although I admit I have not gained in that time.  I have a balance of stocks, income funds and cash/bonds.

I put "lost" in quotes b/c you do not really lose any money until you pull it out of the market and I won't be doing that for 5 years or so.

[Ralph Wiggum]

Frankly I have "lost" little (< .5 %) since February -- although I admit I have not gained in that time.  I have a balance of stocks, income funds and cash/bonds.

I put "lost" in quotes b/c you do not really lose any money until you pull it out of the market and I won't be doing that for 5 years or so.

Unless you (actually anyone, not you) are retirement age, following the daily and monthly ups and downs is a futile exercise.  It never goes down forever.

Wish that economics were taught more to the younger generation as many of us did in high school.