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Stock Market Discussion -- started 03/06/2018 -- updated daily !!!
Rumors that the Senate will nix any furthur stimulus until the election might not bode well for the markets this month.
Stimulus and thoughts of stimulus have been a very big driver of the markets.
Comment
Snowball
BARRELED IN @ SBR!
11-15-09
30108
#7212
Originally posted by KVB
Rumors that the Senate will nix any furthur stimulus until the election might not bode well for the markets this month.
Stimulus and thoughts of stimulus have been a very big driver of the markets.
Trump and GOP Senate have already agreed to send stimulus checks.
It's Pelosi holding that off because she wants Trillions in other stuff.
Like bailing out all the bankrupt Democrat states.
She also doesn't want the checks sent because that would help Trump.
How long can she hold off is t.b.d.
Comment
KVB
SBR Aristocracy
05-29-14
74866
#7213
Originally posted by Snowball
Trump and GOP Senate have already agreed to send stimulus checks.
It's Pelosi holding that off because she wants Trillions in other stuff.
Like bailing out all the bankrupt Democrat states.
She also doesn't want the checks sent because that would help Trump.
How long can she hold off is t.b.d.
Unfortunatyely it's not that simple.
And a dozen senate republicans won't vote for ANY stimulus.
Last weeks unemployment report was too positive, making any stimulus any time soon highly unlikely.
They agreed to keep the gov't from shutting down, I don't think there are plans to agree on anything else...lol.
Let's see what they talk about this week when they meet, but stimulus for business (and checks for some Americans) is definitely on hold for now, possibly until after the election.
Any more positive economic news will derail that as well.
This will show in the markets.
Comment
Slurry Pumper
SBR MVP
06-18-18
2814
#7214
I have always held that in order for the stimulus to pass, the stock market will need to weigh in with a pullback. Another day or 2 of the pullback like we had last Thursday will scare the shyt out of the republican politicians. They agreed to get together with the dems to kick the can down the road until after the election with the budget, real pussies on both side there. No leverage at this point with either side so nothing will happen. When the market takes a dive albeit only down to the 50 DMA, that will shake things up a little, and probably make the republicans a little nervous. I hope they don't cave and accept the democratic bailout of the mis-managed states and illegal aliens that happen to find themselves trapped by their own decisions. Chupracabra on the other hand is making a big bet for the election and to get her to move out of that spot is going to be tough. She runs a tight ship over there in the democratic party and all of her socialist leaders are all in line with the playbook. To get her side moving will probably take some crappy poll numbers due to the civil unrest they fomented for the last few months and the realization that BLM is really a Marxist terrorist group, that would then be a bad look to have backed them so ferociously. The democratic bet that Americans are so stupid that they can literally go against the rule of law and decide to ignore the almost peaceful protest for so long will have a kickback effect. Even the dumb people smarten up after a while. Unless of course your black for some reason. They are the one group that can be taken for granted year after year and can be counted on for voting against their own interest for the last 50 years running. That is an incredible record of unwokedness. Meanwhile Biden on the other hand can sit this out as he has been for the last 6 months but he won't because he can assuredly fuk up anything he is involved with and that includes his own campaign.
As stupid as this year has been with everything coming out so far will only get dumber. Buckle up the next 2 months are going to be a ride and a half.
Comment
chico2663
BARRELED IN @ SBR!
09-02-10
36993
#7215
Originally posted by Snowball
Trump and GOP Senate have already agreed to send stimulus checks.
It's Pelosi holding that off because she wants Trillions in other stuff.
Like bailing out all the bankrupt Democrat states.
She also doesn't want the checks sent because that would help Trump.
How long can she hold off is t.b.d.
Dude you are such a trump.
The cares act sent by congress has been on mitch’s desk for 3 months. The gop refuses to fund cities and states. Repubs Are doing as far as a stunt. Sort of like giving a candy bar to a person whom hasn’t eaten for days. Please leave the political bullshit for another thread. This thread is about making money not about political bullshit!
Comment
chico2663
BARRELED IN @ SBR!
09-02-10
36993
#7216
Tsla down 60 dollars a share.
Comment
trobin31
SBR Hall of Famer
01-09-14
9860
#7217
Originally posted by chico2663
Tsla down 60 dollars a share.
S&P exclusion.
Comment
trobin31
SBR Hall of Famer
01-09-14
9860
#7218
Looks like a nice breakout for WKHS, I was expecting it to bounce off $21.
Comment
chico2663
BARRELED IN @ SBR!
09-02-10
36993
#7219
They sold 500 million new shares. Did you here Tesla brother made 8 million on selling stock he didn’t own. Sounds like insider info.
Comment
d2bets
BARRELED IN @ SBR!
08-10-05
39847
#7220
Stock market still right at pre-pandemic highs. Needs another 10% haircut at least. Will put up quite a fight around that 3000 level again.
Comment
chico2663
BARRELED IN @ SBR!
09-02-10
36993
#7221
bought eyeg the other day. didn't buy enough
Comment
Snowball
BARRELED IN @ SBR!
11-15-09
30108
#7222
Originally posted by KVB
Unfortunatyely it's not that simple.
And a dozen senate republicans won't vote for ANY stimulus.
Last weeks unemployment report was too positive, making any stimulus any time soon highly unlikely.
They agreed to keep the gov't from shutting down, I don't think there are plans to agree on anything else...lol.
Let's see what they talk about this week when they meet, but stimulus for business (and checks for some Americans) is definitely on hold for now, possibly until after the election.
Any more positive economic news will derail that as well.
This will show in the markets.
Trump is on record vocally calling for second stimulus checks (for the non-wealthy)
Only the Democrats are stopping it. Pelosi won't let it happen. She knows it helps Trump re-election.
I wouldn't expect the broad selling (although tech is going to be weak for a long time) to continue much longer
because the Fed is Trump's Fed, they will ramp this market soon again even without a stimulus.
Comment
chico2663
BARRELED IN @ SBR!
09-02-10
36993
#7223
Originally posted by Snowball
Trump is on record vocally calling for second stimulus checks (for the non-wealthy)
Only the Democrats are stopping it. Pelosi won't let it happen. She knows it helps Trump re-election.
I wouldn't expect the broad selling (although tech is going to be weak for a long time) to continue much longer
because the Fed is Trump's Fed, they will ramp this market soon again even without a stimulus.
trump could care less but i will share where repubs don't want it
Comment
chico2663
BARRELED IN @ SBR!
09-02-10
36993
#7224
They are people being evicted because repubs REFUSED TO ACT! Mcconnell and trump cut food stamps for poor people.
Comment
chico2663
BARRELED IN @ SBR!
09-02-10
36993
#7225
Originally posted by Snowball
Trump is on record vocally calling for second stimulus checks (for the non-wealthy)
Only the Democrats are stopping it. Pelosi won't let it happen. She knows it helps Trump re-election.
I wouldn't expect the broad selling (although tech is going to be weak for a long time) to continue much longer
because the Fed is Trump's Fed, they will ramp this market soon again even without a stimulus.
.
Please don't let facts get in the way of your ignorance. I asked you to not make this thread political.
WE HAVE ENOUGH OF THESE!
Comment
Snowball
BARRELED IN @ SBR!
11-15-09
30108
#7226
Originally posted by chico2663
.
Please don't let facts get in the way of your ignorance. I asked you to not make this thread political.
WE HAVE ENOUGH OF THESE!
politics can be and IS certainly right now part of the stock market. I'm not ignorant.
I'm not making a political point. This is about trying to figure the stimulus issue
which is what the market is all roiled about.
Trump Wants to Use $300 Billion for Stimulus Checks, Here's Who Wouldn't Qualify
If trump really wanted to pass stimulus it would of been done 3 months ago. Sad that you can’t see it.
Comment
d2bets
BARRELED IN @ SBR!
08-10-05
39847
#7228
Honestly, Trump would send everyone a check for a million dollars a week before the election if he could - what does he care. All he cares about is being elected. Doesn't care about the deficit or whatever else. Republicans writ large are another story. And the dems are going to hold firm, believing that they will take over in a number of months so why should they give in now.
Comment
Madison
SBR Hall of Famer
09-16-11
6745
#7229
Originally posted by JayLA
Im out; cashed everything out and not cause of weak hands.
I made 82% return in like 2 months. I'm done. taking a break....elections not good for stocks.
Congrats to you. Getting hammered here.
Comment
jonal
SBR Wise Guy
06-01-09
772
#7230
part of my brain says that nasdaq 100 daily chart looks like a pullback... the other half of my brain says don't you dare buy that
Comment
Snowball
BARRELED IN @ SBR!
11-15-09
30108
#7231
Originally posted by chico2663
If trump really wanted to pass stimulus it would of been done 3 months ago. Sad that you can’t see it.
a trillion dollars to Democrat cities and states
is what was in that bill, plus checks for non-citizens.
Feds are not responsible for bailling out cities and state governments.
but like you said - don't make it about politics.
ok and out
Comment
chico2663
BARRELED IN @ SBR!
09-02-10
36993
#7232
Originally posted by Snowball
a trillion dollars to Democrat cities and states
is what was in that bill, plus checks for non-citizens.
Feds are not responsible for bailling out cities and state governments.
but like you said - don't make it about politics.
ok and out
look florida,Texas,Louisiana and Georgia aren’t democratic. Hell california and New York pay the most in taxes. you don’t understand economics.
ps when states run out of money. Police,fire and teachers will be laid off. It will be like escape from New York without snake plissken
Comment
milwaukee mike
BARRELED IN @ SBR!
08-22-07
27261
#7233
Originally posted by chico2663
look florida,Texas,Louisiana and Georgia aren’t democratic. Hell california and New York pay the most in taxes. you don’t understand economics.
ps when states run out of money. Police,fire and teachers will be laid off. It will be like escape from New York without snake plissken
these democratic governors want to defund the police anyway
and these strong teachers unions don't want kids in the classroom
so fukk these cowards
Comment
d2bets
BARRELED IN @ SBR!
08-10-05
39847
#7234
Futures falling again. I guess if the market ca go up for like 10-15 days straight, it could fall for 10-15 days straight too.
S&P sitting right at the 50 day moving averages. Hasn't broken that support since it crossed in early April. It held twice during the June corrections.
Comment
chico2663
BARRELED IN @ SBR!
09-02-10
36993
#7235
Originally posted by milwaukee mike
these democratic governors want to defund the police anyway
and these strong teachers unions don't want kids in the classroom
so fukk these cowards
the old axiom is if you don't feed you dog you become its first meal. last i check is that 3 out of 4 are repub governors.
Comment
chico2663
BARRELED IN @ SBR!
09-02-10
36993
#7236
Originally posted by milwaukee mike
these democratic governors want to defund the police anyway
and these strong teachers unions don't want kids in the classroom
so fukk these cowards
cowards? just because they want to live to raise their children doesn't make them a coward. In butler county ohio they are as red as it gets. Now miami univ. ohio just had 500 covid cases they sent the kids home. Now fairfield school district has covid. Jim tracey and kent tekulve are notable guys that are from there that went to catholic school
Comment
homie1975
SBR Posting Legend
12-24-13
15310
#7237
Originally posted by jonal
part of my brain says that nasdaq 100 daily chart looks like a pullback... the other half of my brain says don't you dare buy that
I'm with the latter part of your statement so the suspicious brain lol
We find support real soon here then trade sideways for a few session or five then back up we go. My .02
Comment
trobin31
SBR Hall of Famer
01-09-14
9860
#7238
My 1st day off in 7 months today....thanks to covid it’s been around the clock for me... So..did some day trading...thank you Workhorse and SQQQ.
FYI, I didn’t panic sell any long positions. I bought more Tesla.
Comment
milwaukee mike
BARRELED IN @ SBR!
08-22-07
27261
#7239
Originally posted by chico2663
cowards? just because they want to live to raise their children doesn't make them a coward. In butler county ohio they are as red as it gets. Now miami univ. ohio just had 500 covid cases they sent the kids home. Now fairfield school district has covid. Jim tracey and kent tekulve are notable guys that are from there that went to catholic school
that is the definition of cowardice
they didn't have cases of a virus, they had positive tests of genetic material, and people with no symptoms whatsoever
we're now on about day 175 of "15 days to slow the spread" with no end in sight... nobody is dying, nobody is even being hospitalized yet the fear mongering keeps on
Comment
Snowball
BARRELED IN @ SBR!
11-15-09
30108
#7240
futures set up looks like a dead cat bounce today
Comment
chico2663
BARRELED IN @ SBR!
09-02-10
36993
#7241
Originally posted by milwaukee mike
that is the definition of cowardice
they didn't have cases of a virus, they had positive tests of genetic material, and people with no symptoms whatsoever
we're now on about day 175 of "15 days to slow the spread" with no end in sight... nobody is dying, nobody is even being hospitalized yet the fear mongering keeps on
Tell that shit to my mom who lost 5 cousins. The youngest was 33. Their only mistake in life was becoming nurses!
Comment
chico2663
BARRELED IN @ SBR!
09-02-10
36993
#7242
Originally posted by milwaukee mike
that is the definition of cowardice
they didn't have cases of a virus, they had positive tests of genetic material, and people with no symptoms whatsoever
we're now on about day 175 of "15 days to slow the spread" with no end in sight... nobody is dying, nobody is even being hospitalized yet the fear mongering keeps on
also my aunt who lived spent 12 days in hospital with that shit. She kept saying it was a fake. They were spreading this to get rid of trump. She retired from post office 3 years ago as did her husband. Now she has 0 blood and walked in marathons since she was 30. Now she has to take oxygen with her. Just because it hasn't hit anyone you know don't make it fake. Maybe you don't know but odds are against you being bit by a snake if you live in the city!
Futures falling again. I guess if the market ca go up for like 10-15 days straight, it could fall for 10-15 days straight too.
S&P sitting right at the 50 day moving averages. Hasn't broken that support since it crossed in early April. It held twice during the June corrections.
Curious whether the Bears in this thread are shorting stocks, buying puts, buying metals, or sitting on cash waiting for lower entry points.