Could most of the past weeks crash and burn in the markets been caused by Elon Musk and Jeff Bezos cashing out BILLIONS worth of stock?
Sure seems to me it could have been the catalyst, and of course the Wuhan virus put a little extra oomph into the downward spiral as people were trading on fear with all the blood in the water.
I was watching very closely the markets the entire past week and no one can deny the biggest point drops were with Tesla and Amazon stock BY FAR!
Anyone care to suggest otherwise?
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What is to give light must endure burning -- Viktor Frankl
Since "we're" starting to accept the likely-hood that this virus was/is man-made, it could well be a scare tactic to influence the markets, & have some folks make a lot of $$$.
With the understanding that the "remedy" ( flu-shot ) permanently screws your DNA up, logic says that it's possible we're being wiped-out, & the folks doing it are cashing in too.
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"Only an alert & knowledgeable citizenry can compel the proper meshing of the huge industrial & military machinery of defense with our peaceful methods & goals, so that security & liberty may prosper together". Dwight D.Eisenhower.
I don't see why people who were making money off someone would want them wiped out... I understand some people are crazy but I don't see how the government would want less tax payers... it just doesn't make any sense. If millions were wiped out, that would be millions less to offer a flu-shot!
I don't think the market just goes up and down, at least without a reason. They say every action has an equal and opposite reaction and I think the selloff was just a way for people to dump the stock when high and buy it back for cheap. I am not saying it's wrong, I am just saying 1300 points on the DOW is a far cry from the 3000+ it lost last week! It will be very interesting to see how the market goes the rest of this week and if it will continue on past 30,000!
Sure glad I don't play the market, but I sure like to follow it!
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What is to give light must endure burning -- Viktor Frankl
I don't see why people who were making money off someone would want them wiped out... I understand some people are crazy but I don't see how the government would want less tax payers... it just doesn't make any sense. If millions were wiped out, that would be millions less to offer a flu-shot!
I don't think the market just goes up and down, at least without a reason. They say every action has an equal and opposite reaction and I think the selloff was just a way for people to dump the stock when high and buy it back for cheap. I am not saying it's wrong, I am just saying 1300 points on the DOW is a far cry from the 3000+ it lost last week! It will be very interesting to see how the market goes the rest of this week and if it will continue on past 30,000!
Sure glad I don't play the market, but I sure like to follow it!
Hey mate,
I'll guess that Shawnee will chime in here & add some support to what I have to say, ( since he digs deeper & visits places I don't go lol ), but the apparent agenda of the elite roughly goes like this.....( I'm not suggesting that I agree or support these claims either, but I've read it too many times to not take notice ).
* World population decrease to far less than 500,000,000, as this is considered to be the maximum.
* Life extension technology "is" available through the use & incorporation of hard-wired circuit-boards into your body. ( Bio-mechanical humans ).
* Life extension through organ harvesting from folks in China.
* Also, the cloning of "you" into a new "you"...All your thoughts, memories & life experiences etc etc are uploaded onto a hard-drive, & then downloaded into your new self...
It is also thought that our super elite want to divide humanity into 2-species...There'll be "us" regular folks that will become slaves for the above master-race, & would have our DNA permanently damaged & disabled from advancement, via nuke pollution & these so-called flu-shots that destroy your DNA...
Meanwhile, "they advance" with their super-duper bio-mechanical bodies for the rest-of-time, always remaining in power, & never dying.
Just sayin' !
__________________
"Only an alert & knowledgeable citizenry can compel the proper meshing of the huge industrial & military machinery of defense with our peaceful methods & goals, so that security & liberty may prosper together". Dwight D.Eisenhower.
"Only an alert & knowledgeable citizenry can compel the proper meshing of the huge industrial & military machinery of defense with our peaceful methods & goals, so that security & liberty may prosper together". Dwight D.Eisenhower.
* Also, the cloning of "you" into a new "you"...All your thoughts, memories & life experiences etc etc are uploaded onto a hard-drive, & then downloaded into your new self...
It is also thought that our super elite want to divide humanity into 2-species...There'll be "us" regular folks that will become slaves for the above master-race, & would have our DNA permanently damaged & disabled from advancement, via nuke pollution & these so-called flu-shots that destroy your DNA...
Meanwhile, "they advance" with their super-duper bio-mechanical bodies for the rest-of-time, always remaining in power, & never dying.
Just sayin' !
That doesn't sound too bad Rastus, where do I sign up?
* Also, the cloning of "you" into a new "you"...All your thoughts, memories & life experiences etc etc are uploaded onto a hard-drive, & then downloaded into your new self...
Here's an unusual place to find it however, right at the end...And it's quite a good documentary out-of-Japan, as it explains the mindset & attitude of the folks over there, & the bollox they're / we're all fed quite regularly...
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"Only an alert & knowledgeable citizenry can compel the proper meshing of the huge industrial & military machinery of defense with our peaceful methods & goals, so that security & liberty may prosper together". Dwight D.Eisenhower.
Now that you mention the jumping out of windows thing... It seems to me the only reason for someone to do such a thing in the event of a market crash, is if they believe that becoming working class is a fate worse than death. Having never been anything other than working class and alive, I guess I lack the context to know whether that is true or not.
I would submit, anyone who thinks becoming working class is worse than death, can probably afford to pay higher taxes, and should. Unfortunately the tax code isn't exactly written by working class people. But I will make popcorn when the jumping out of windows begins.
I don't have a single penny invested in the markets... People can jump out the windows all they want! Usually these types of people who jump out windows are two faced liars and made their living out of scamming people. Just like that Judge who cheated me out of my trial on the Cadillac deal - I hope he was heavily invested in the market! - lol, but I'm not bitter about the loss... at least not as bitter as Schumer!
That being said, the market has taken a bloody pounding over the past few weeks! What gets me is how it spiked so high a few times, one of which crested the +1,000 mark! This is a sure sign to me that the big corporations now own the market! They are very happy to buy their stock back at a fraction of the cost because you know damn well ordinary people would be sitting on whatever pittance they got out, usually at a tremendous loss!
No one can deny the biggest losers on the market were companies like Tesla and Amazon! Why? Because both of their owners have been cashing in on their stocks to the tune of BILLIONS recently.
The DOW could fall below 15,000 for all I care! I have ZERO invested! In fact, the market needs a good correction as these banks and credit reporting companies have become somewhat lazy! It is about time they started catering to the bread and butter of their clientele like ME rather than pumping all the money into stocks and their rich clients, who many of which are now under-water and going to cause them losses! This will just be passed onto people like you and I by way of inflation and higher rates - all the while they are borrowing money from the Government at historically low (read that as 1% or less) interest rates!
-- Edited by SELLC on Monday 9th of March 2020 09:34:03 PM
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What is to give light must endure burning -- Viktor Frankl
Okay... I'll be honest with everyone... I have never seen market swings like this before in my life!
Up 1,000 points in the DOW one day, down 1,200 points the next... The volatility of the markets in general is like nothing I have ever seen!
It is so bad that even people like Warren Buffett are telling people to be calm! LOL, this from a guy that is invested in the market down to his socks and underwear!
Buffett claims he has seen worse in the markets back in the 80's and again in the 08 melt down - but to be honest I don't think we have ever seen swings like this before!
It's looking like another 1,500 point drop in the DOW today, and the occasional 1,000 point increases aren't enough to stem the downward march! It's very odd indeed!
Then again I can remember Apple being under $100 a share back in the DH days, at that time some members were talking about leveraging their homes to purchase stocks! Wonder how that worked out for them?
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What is to give light must endure burning -- Viktor Frankl
The economy is still in good shape PowerStroker, the market is what seems to be going crazy...
I am sure it will pull back up, but I think it has a ways to go yet.
I think what we are seeing as a whole lot of moving and shaking going on right now, when all this dust settles I wouldn't be surprised if we see a lot of companies change hands in terms of majority stakes.
I still think we will see the DOW crack 30,000 before election day barring any military conflict, but I think the market will drop quite a bit lower as the Wuhan virus spreads but I think this spring / summer we will see it take off again. These are just my opinions based on nothing solid but a guess so don't quote me. A lot can happen between now and election day.
Is Trump still taking credit for this economy? Well it sure isn't nothing to brag about at the moment compared to where we were, but yes, I think he is owning it. Still better than the life-support numbers the market was turning in Obama's years with QE 1 - thru end of Obama term.
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What is to give light must endure burning -- Viktor Frankl
Markets bleeding like a stuck pig this morning... Down 2000+ points and market paused for 15 mounts... after three shut downs is that considered a TKO?
Also, someone cashed in a $HIT TON of Bitcoin... Down almost $2100 at one point.
People can deal with toilet paper being sold out, but gawd help us if they run out of coffee!
The market pretty much clawed all of it's losses back from yesterday!
Still a ways to go until 30k but I think it's possible! This market is volatile, and the higher highs and lower lows are like nothing I have ever seen before.
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What is to give light must endure burning -- Viktor Frankl
3,000 point increase in the past two days! Right smack dab in the middle of a pandemic with a majority of Americas workforce at home!
You have to wonder where all this money come from, and how quickly it will be drained back out of the market? Then what? Mint a $500 trillion dollar coin?
Why not mint a quadrillion or sextillion dollar coin!? WHY THE FUCK NOT!? It's only money right!?
Yet I sit here, self employed and still deemed an "essential service" - which basically means I am still expected to work and pay my bills... I still have to balance a budget and keep the ends meeting! But the stock market? They have a bad few weeks and all of a sudden massive amounts of cash come out the woodwork from seemingly nowhere... Banks are given what amounts to ZERO interest rates to borrow, but aren't going to lend to anyone because most people are unemployed. I can't even afford to hire anyone, not now and not before this whole situation went down, you know why? Because I have to maintain a budget and can't receive the same kinds of backing that big business does to keep things going - because they are too big to fail! Because they have done a super job thus far in shipping all our jobs overseas, all our medicine production overseas...
It's a big fucking joke... A shit show the likes of Mad Magazine!
What, me worry?
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What is to give light must endure burning -- Viktor Frankl
"Only an alert & knowledgeable citizenry can compel the proper meshing of the huge industrial & military machinery of defense with our peaceful methods & goals, so that security & liberty may prosper together". Dwight D.Eisenhower.
2. My favorite things in the Mad Magazines were the folding photo on the back page of every issue, along with the Spy vs Spy cartoons.
R1. I'm not sure about that mate. I used to read them when I was young, & ended up buying a whole heap of used-ones from the 1970's from a 2nd-hand book-store around the corner from where my Dad ran his business in town. Fantastic magazine IMO. I even have a few "Special edition" volumes that have reprints of the first one's made from the 1950's.
R2. Al Jaffee ( Fold-ins ) & Sergio Aragones ( Spy vs Spy ) were quite funny for sure, though always had their ups-&-downs. Dave Berg with his "The lighter side of" was pretty consistent all-the-way-through.
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"Only an alert & knowledgeable citizenry can compel the proper meshing of the huge industrial & military machinery of defense with our peaceful methods & goals, so that security & liberty may prosper together". Dwight D.Eisenhower.
