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STOCK MELTDOWN NOT CAUSED BY VIRUS

By jazz_music follow jazz_music   2020 May 1, 11:53am 673 views   22 comments   watch   nsfw   quote   share    


It was ready to pop and the black swan event swooped in with a big red herring in his beak.

https://www.zerohedge.com/health/did-not-cause-b

But you already knew that.
1   FuckCCP89   ignore (5)   2020 May 1, 12:08pm     ↓ dislike (0)   quote   flag      

Zero HedgeHog peddling Peter Schiff's doom'n'gloom "wisdom". How fresh.

What's funny is that now it's the loonies on the left who's loving and reposting that shit. =))
2   jazz_music   ignore (13)   2020 May 1, 12:23pm     ↓ dislike (0)   quote   flag      

Can't dismiss the source as Left Wing?

Aw, poor baby, as funny as right wing trumptards constantly reposting thegatewaypundit! LOL
3   MisdemeanorRebel   ignore (3)   2020 May 1, 12:27pm     ↓ dislike (0)   quote   flag      

Zerohedge every day: Buy Gold and Silver, they're going up to $20,000/oz and $100/oz respectively.
4   FuckCCP89   ignore (5)   2020 May 1, 12:27pm     ↓ dislike (0)   quote   flag      

jazz_music says
Can't dismiss the source as Left Wing?


It has always been Russian asset. And Schif has always been a kook.

Quck, quote some RT to refute this.
5   jazz_music   ignore (13)   2020 May 1, 12:31pm     ↓ dislike (0)   quote   flag      

TEOTWAWKI says
Quck, quote some RT to refute this.

Hey, STOCK MELTDOWN NOT CAUSED BY VIRUS
https://www.zerohedge.com/health/did-not-cause-b
6   Rb6d   ignore (0)   2020 May 1, 12:46pm     ↓ dislike (0)   quote   flag      

Meltdown was probably catalyzed by virus, but at some point they should have melted down as they always do...so what we see there depends on what we like in politics.

ZH is a cesspool of Putler's propaganda, unfortunately, even though they have a decent article now and then. And Schiff has been crying wolf about US Dollar collapse since 2006 or so. At some point, he gets tiresome...
7   jazz_music   ignore (13)   2020 May 1, 12:49pm     ↓ dislike (0)   quote   flag      

rd6B says
Putler's propaganda, unfortunately, even though they have a decent article now and then. And Schiff has been crying wolf about US Dollar collapse since 2006 or so. At some point, he gets tiresome...
Who's Putler?

There are few things more boring than a gold salesman.
8   Ceffer   ignore (6)   2020 May 1, 12:53pm     ↓ dislike (0)   quote   flag      

Stock market hasn't melted that much. Kinna melted and rebounded, which illustrates that it wasn't just a fluff market.

Dems/progressives are probably angry it wasn't a lot worse, and are probably scrambling to come up with some other market killing strategy before the elections. After all, they are so concerned about the welfare of The People. It's why they are pumping the propaganda Panic Pandemic so hard, they are puffing their cheeks at the sails to keep the fraud boat going. Kill the jobs and the economy to gain political capital. After all, it's about The People and saving lives etc. We can see their tender concerns for the common man in action herre.
9   Rb6d   ignore (0)   2020 May 1, 12:56pm     ↓ dislike (0)   quote   flag      

jazz_music says
Who's Putler?

Putin, who is wannabee Hitler, ergo Putler, the purchaser of our sad politicians.
He is now hiding in his bunker, afraid from associates poloniuming him because they lost a lot of money in the oil crash.
10   jazz_music   ignore (13)   2020 May 1, 12:56pm     ↓ dislike (0)   quote   flag      

Ceffer says
Dems/progressives are probably angry it wasn't a lot worse
Why? Don't they want to retire someday too?

Hmmmm

This disconnect between ROI and people can't be a good thing.
11   Rb6d   ignore (0)   2020 May 1, 12:57pm     ↓ dislike (0)   quote   flag      

jazz_music says
There are few things more boring than a gold salesman.

how true, he sounds like a broken record
12   Rb6d   ignore (0)   2020 May 1, 1:23pm     ↓ dislike (0)   quote   flag      

DOW SLIPS MORE THAN 560 POINTS; PRESIDENT TRUMP ANNOUNCES OPENING OF U.S. STRATEGIC STOCK MARKET RESERVE, WHICH WILL BUY SHARES OF ANY $SPX COMPANY DOWN OVER 1%, SHARES TO BE KEPT IN A LOCKBOX -FOX BUSINESS
13   FuckCCP89   ignore (5)   2020 May 1, 1:37pm     ↓ dislike (0)   quote   flag      

jazz_music says
Why? Don't they want to retire someday too?


They want to retire on a generous government pension given to them, not on the money they will have to save and invest their whole life, silly.
14   Tenpoundbass   ignore (16)   2020 May 1, 1:39pm     ↓ dislike (0)   quote   flag      

It's not a Market Crash because Trump didn't say "Mother May I".

How infantile can one party be?
15   jazz_music   ignore (13)   2020 May 1, 1:44pm     ↓ dislike (0)   quote   flag      

TEOTWAWKI says
They want to retire on a generous government pension given to them, not on the money they will have to save and invest their whole life, silly.
Well that's good, because the billionaires are getting all the returns on the market and sheltering them offshore for the most part, in the long run, we are getting liquidated and we have a clown show to keep us amused while it happens.

That's another reason it's fucked up to have this economy that has little to do with what people make and buy, and more to do with debts and finance.
16   FuckCCP89   ignore (5)   2020 May 1, 2:10pm     ↓ dislike (0)   quote   flag      

jazz_music says
this economy that has little to do with what people make and buy, and more to do with debts and finance.


This is a pile of bullshit right there.
17   FuckCCP89   ignore (5)   2020 May 1, 2:13pm     ↓ dislike (0)   quote   flag      

jazz_music says
he billionaires are getting all the returns on the market


This is a pile of bullshit right there. Many ordinary people who had the mettle to save and invest are getting returns on the market.
18   ad   ignore (0)   2020 May 1, 2:22pm     ↓ dislike (0)   quote   flag      

jazz_music says
https://www.zerohedge.com/health/did-not-cause-b

But you already knew that.


Back on 24 December 2018 all the major indices were down about 20% or more. The S&P 500's P/E ratio (ttm) was around 19, which put it in over-valued territory and below the bubble territory.

Then there was a run-up of about 32% from January 2019 to middle of February 2020.

We were due for at least a 25% correction. Dr Doom (i.e., Professor Roubini) has forecasted about a 35% crash from this pandemic. The S&P 500 already dropped 35% back in March.

Goldman Sachs is forecasting the S&P 500 at 3000 at end of 2020. It peaked to 3393 back in February.
19   ad   ignore (0)   2020 May 1, 2:27pm     ↓ dislike (0)   quote   flag      

TEOTWAWKI says
Zero HedgeHog peddling Peter Schiff's doom'n'gloom "wisdom". How fresh.


A large segment of Zero Hedge (ZH) is made of eternal gold bugs and perma bears like Peter Schiff.

You don't get much value-analysis and consumer spending forecasts on ZH like you do other sites like Seeking Alpha.

Don't get me wrong, its good to hedge even if you buy a silver ETF and not silver eagle coins, as well as buy commodities like US Natural Gas Fund and even the major energy conglomerates or integrateds like Exxon and Chevron.

I'd say have about 25% of your portfolio in commodities exposure like that going into another Federal Reserve driven run up of the stock market. I just remember back in late 2013 listening to the CNBC pundits even admitting back then that 50% of the market rally from 2009 was due to the Federal Reserve policies and federal government stimulus spending.
20   clambo   ignore (5)   2020 May 1, 2:34pm     ↓ dislike (1)   quote   flag      

What readers may not realize is that there is new money every day seeking a place to be invested.

Pick a poor country with extreme poverty, and they have rich who buy investments.

Mexico, Philippines, etc. rich people are buying something and if interest rates are low, it will be stocks.

It won’t be all stocks because some industries are not doing well now.

I’m going to seek more income this summer to buy some more.
21   mell   ignore (6)   2020 May 1, 4:25pm     ↓ dislike (0)   quote   flag      

You have to be challenged not to know that 80% economic shut down caused the stock market drop. I'm actually impressed and expected worse earnings so far. What the article is hinting at and exaggerating is that stocks were toppy before, but a normal correction would never have dropped more than 5-10% in the MAGA economy.
22   ad   ignore (0)   2020 May 1, 4:38pm     ↓ dislike (0)   quote   flag      

mell says
What the article is hinting at and exaggerating is that stocks were toppy before, but a normal correction would never have dropped more than 5-10% in the MAGA economy.


I don't think we would have seen a 35% correction like we did in March.

Without the pandemic, maybe we would have seen a 25% drop from the peak of 3393 for the S&P 500 given how the economy has done since Trump's election.

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