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snowman
(@snowman)
Member Forum Superstar!
Joined: 4 years ago
Posts: 317
02/06/2020 6:44 am  
Posted by: @velvethammer
Posted by: @mikehoncho
Posted by: @c-fuzzy
Posted by: @coleslawed

how’re those economic forecasts y’all were crying about before starting to look with these uprisings happening nationwide?

Stonks going up on expectations of higher earnings due to store closures. Or sales of riot gear and bic lighters. Or Revelations type doomsday that wipe us off the planet. It's all priced in. 

I read it four times, still can’t tell what point he’s trying to make.  That being said, the Dow finished strong today considering...almost 25,500.

Is the Dow anything more than a gauge of how well rich peoples money is doing? The Dow is only 30 very expensive stocks. S&P 500 to me is a better temperature check. And only about 50% of Americans have any cash in the stock market. 

^^^ Correct.


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MikeHoncho
(@mikehoncho)
Member Forum Superstar!
Joined: 4 years ago
Posts: 316
02/06/2020 7:15 am  
Posted by: @snowman
Posted by: @velvethammer
Posted by: @mikehoncho
Posted by: @c-fuzzy
Posted by: @coleslawed

how’re those economic forecasts y’all were crying about before starting to look with these uprisings happening nationwide?

Stonks going up on expectations of higher earnings due to store closures. Or sales of riot gear and bic lighters. Or Revelations type doomsday that wipe us off the planet. It's all priced in. 

I read it four times, still can’t tell what point he’s trying to make.  That being said, the Dow finished strong today considering...almost 25,500.

Is the Dow anything more than a gauge of how well rich peoples money is doing? The Dow is only 30 very expensive stocks. S&P 500 to me is a better temperature check. And only about 50% of Americans have any cash in the stock market. 

^^^ Correct.

the DJIA indicates more then 85% of America’s equity.  It is the perfect Indicator to use as an example.

that being said, the S&P is rebounding nicely as well...considering.

This post was modified 1 month ago 2 times by MikeHoncho

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c.fuzzy
(@c-fuzzy)
Cold Chillin' Admin
Joined: 4 years ago
Posts: 1636
02/06/2020 7:48 am  

Yesh Yesh Yall. Pump pump pump to keep this ship afloat, or pump until the captain and crew are in lifeboats and let it sink?


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SG Boarder
(@sgboarder)
Member Forum Superstar!
Joined: 4 years ago
Posts: 239
02/06/2020 8:56 am  
Posted by: @mikehoncho
Posted by: @snowman
Posted by: @velvethammer
Posted by: @mikehoncho
Posted by: @c-fuzzy
Posted by: @coleslawed

how’re those economic forecasts y’all were crying about before starting to look with these uprisings happening nationwide?

Stonks going up on expectations of higher earnings due to store closures. Or sales of riot gear and bic lighters. Or Revelations type doomsday that wipe us off the planet. It's all priced in. 

I read it four times, still can’t tell what point he’s trying to make.  That being said, the Dow finished strong today considering...almost 25,500.

Is the Dow anything more than a gauge of how well rich peoples money is doing? The Dow is only 30 very expensive stocks. S&P 500 to me is a better temperature check. And only about 50% of Americans have any cash in the stock market. 

^^^ Correct.

the DJIA indicates more then 85% of America’s equity.  It is the perfect Indicator to use as an example.

that being said, the S&P is rebounding nicely as well...considering.

Completely and utterly wrong. Not even close. Do people ever stop and think before posting such nonsense???

This post was modified 1 month ago 3 times by SG Boarder

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MikeHoncho
(@mikehoncho)
Member Forum Superstar!
Joined: 4 years ago
Posts: 316
02/06/2020 9:20 am  
Posted by: @sgboarder
Posted by: @mikehoncho
Posted by: @snowman
Posted by: @velvethammer
Posted by: @mikehoncho
Posted by: @c-fuzzy
Posted by: @coleslawed

how’re those economic forecasts y’all were crying about before starting to look with these uprisings happening nationwide?

Stonks going up on expectations of higher earnings due to store closures. Or sales of riot gear and bic lighters. Or Revelations type doomsday that wipe us off the planet. It's all priced in. 

I read it four times, still can’t tell what point he’s trying to make.  That being said, the Dow finished strong today considering...almost 25,500.

Is the Dow anything more than a gauge of how well rich peoples money is doing? The Dow is only 30 very expensive stocks. S&P 500 to me is a better temperature check. And only about 50% of Americans have any cash in the stock market. 

^^^ Correct.

the DJIA indicates more then 85% of America’s equity.  It is the perfect Indicator to use as an example.

that being said, the S&P is rebounding nicely as well...considering.

Completely and utterly wrong. Not even close. Do people ever stop and think before posting such nonsense???

Here we go...

 

back up what you say.  The data is all there For all to see, lets see your response.

 

C8D88C00 15C0 4646 878C 63BE09C0F5CB
655E1E45 FFB3 4715 AC17 BDA734F51C82
This post was modified 1 month ago by MikeHoncho

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SG Boarder
(@sgboarder)
Member Forum Superstar!
Joined: 4 years ago
Posts: 239
02/06/2020 11:12 am  
Posted by: @mikehoncho
Posted by: @sgboarder
Posted by: @mikehoncho
Posted by: @snowman
Posted by: @velvethammer
Posted by: @mikehoncho
Posted by: @c-fuzzy
Posted by: @coleslawed

how’re those economic forecasts y’all were crying about before starting to look with these uprisings happening nationwide?

Stonks going up on expectations of higher earnings due to store closures. Or sales of riot gear and bic lighters. Or Revelations type doomsday that wipe us off the planet. It's all priced in. 

I read it four times, still can’t tell what point he’s trying to make.  That being said, the Dow finished strong today considering...almost 25,500.

Is the Dow anything more than a gauge of how well rich peoples money is doing? The Dow is only 30 very expensive stocks. S&P 500 to me is a better temperature check. And only about 50% of Americans have any cash in the stock market. 

^^^ Correct.

the DJIA indicates more then 85% of America’s equity.  It is the perfect Indicator to use as an example.

that being said, the S&P is rebounding nicely as well...considering.

Completely and utterly wrong. Not even close. Do people ever stop and think before posting such nonsense???

Here we go...

 

back up what you say.  The data is all there For all to see, lets see your response.

 

C8D88C00 15C0 4646 878C 63BE09C0F5CB
655E1E45 FFB3 4715 AC17 BDA734F51C82

You made the assertion that "the DJIA indicates more then (sic) 85% of America's equity" so the onus to back it up is really with you.

But just for fun, some quick data points to consider when assessing your statement (numbers off the top of my head - but can easily be checked and available online from many sources - Federal Reserves (like https://fred.stlouisfed.org/), IMF/Worldbank etc):
1. The combined market capitalization of the constituents of the DJIA is a little under $8 trillion.
2. The combined market capitalization of all publicly listed companies in the US is slightly over $30 trillion.
=> So the DJIA accounts for maybe ~25% of all public equities in the US.

3. Again the $30 trillion is for publicly listed companies. And does not account for the equity in all the unlisted companies in the US.
=> The total value corporate equity in the US is even higher then $30 trillion, so DJIA accounts for an even lower percentage of all corporate equity.

4. Total equity in the US also includes the equity (net of value of the property minus debts like mortgage(s)) in real estate. Total home equity value in the US is ~$15 trillion.
=> Even only public equities and home equity in the US add to more than $45 trillion and the $8 trillion of the DJIA is closer to 15% of that - and that still excludes all the unlisted companies.

I could keep adding things, but let us jump ahead to the total net worth of US Households and Nonprofit Organizations which is well above $100 trillion*.

Even if we deduct the negative net worth of the US government sector (somewhat above negative $20 trillion for federal + states + local governments) the total net equity in the US is still so high that the DJIA accounts for well <10% of it.

Thanks for playing though.

 

* Side note: That counts unlisted companies at Book Value/Net Assets. The market value/implied market cap is likely much higher than that, reducing the percentage that the DJIA accounts for even more.

This post was modified 1 month ago 4 times by SG Boarder

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cortado
(@cortado)
Member Forum Superstar!
Joined: 6 months ago
Posts: 97
02/06/2020 5:35 pm  

So with thousands of people rioting all over the USA have we just given up on social distancing now?


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89c51
(@89c51)
Member Forum Superstar!
Joined: 4 years ago
Posts: 899
03/06/2020 9:14 am  
Posted by: @cortado

So with thousands of people rioting all over the USA have we just given up on social distancing now?

you (the people not you as a person) just went all in with herd stupidity.

 


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c.fuzzy
(@c-fuzzy)
Cold Chillin' Admin
Joined: 4 years ago
Posts: 1636
03/06/2020 9:21 am  
Posted by: @cortado

So with thousands of people rioting all over the USA have we just given up on social distancing now?

Being close is okay as long as they're not being social. 

 

right?


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ZC1
 ZC1
(@zc11)
Member Forum Superstar!
Joined: 3 years ago
Posts: 111
03/06/2020 11:30 am  

This video regarding the current stock market reaction (or lack thereof) popped up in my YouTube recommendations, probably because Google saw me reading this thread...


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c.fuzzy
(@c-fuzzy)
Cold Chillin' Admin
Joined: 4 years ago
Posts: 1636
03/06/2020 2:03 pm  
Posted by: @zc11

This video regarding the current stock market reaction (or lack thereof) popped up in my YouTube recommendations, probably because Google saw me reading this thread...

Haven't watched that guy before but imo he has a lot right. However, as I understand, the difference between what Japan has done and what we're doing is that they own much more of their countries assets.

The Financial Times reporting on Citigroup warning their corporate clients to 'raise as much money as they could before the true costs are factored in by investors.'

aka abandon ship fuckheads

of course you have to believe the Fed will stop intervening to some real degree for that to matter. They're in a no win situation.

I'm just going to start eating ice cream and donuts cuz wooopppeeee


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Hank
 Hank
(@hank)
Member Forum Superstar!
Joined: 4 years ago
Posts: 207
15/06/2020 5:53 am  

I've been running 3-5 miles/day since all this shit started, and am officially 25-30 lbs lighter  

  Short story: I was a lazy piece of shit before this, happy to be back to normal


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matty
(@matty)
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Joined: 4 years ago
Posts: 1679

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Alexxx
(@alexxx)
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Joined: 4 years ago
Posts: 313
07/07/2020 10:10 pm  

Sweden is a cautionary tale indeed, and neither I, nor my parents or elderly relatives would want to be a part of that experiment, but in all fairness, the death rate in Italy, Spain, the UK and some other European countries is even higher and that’s with all the strict quarantines and lockdowns. It seems that they’re many different factors at play that the article doesn’t mention.


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unsuspected
(@unsuspected)
Swedish juggernaut Forum Superstar!
Joined: 4 years ago
Posts: 842
07/07/2020 11:00 pm  

I'm still alive 🙂


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