Comments

  • Since Republicans are more interested in saving imaginary people than helping real ones, the economy for a lot of people is going to get much worse very soon.
  • We get this story whenever the market is up and a Republican is in the White House.
  • The Market is not the economy!  Weather is not climate!  The House President controls the Nation's checkbook!

    Numbers 2, 4, and 5 on the Democrat List of Rules that only apply to Republicans.
  • What are you talking about?
    If the stock market is the economy then we only have to worry about those that own stocks. We can ignore those working class and poor takers that make us look bad.
  • The article mentions an increase in retail sales of about 2%.  Was that month to month?  ... or was it compared to Sept. 2019?

    If it was month over month then 'meh'.  If year over year then, 'impressive'.
  • Tyrone Slothrop: Since Republicans are more interested in saving imaginary people than helping real ones, the economy for a lot of people is going to get much worse very soon.


    Corporations are people, my friend.

    And the answer is we have 1st world and 3rd world America.  1st world America is doing great at the expense of 3rd world America.  Couple that with trying to make poor people blame other poor people for their poverty, and you have quite the dysfunctional country.
  • In the winter of 1928 Joe Kennedy, father of JFK and major stock market player, stopped to get his shoes shined. The shoeshine boy leaned in and said, "Buy Hindenburg". Kennedy began unwinding his positions saying, "You know it's time to sell when shoeshine boys give you stock tips. This bull market is over."

    In what is surely unrelated news, I've put about $2000-$3000 into mutual funds since June (taxable account). You have been warned.

    /Even online Money Market savings accounts are below 0.50% now. May as well take a little risk.
    //Pandemic boredom
  • Yeah my 401k is up $4k the last quarter, totally worth all that death and misery.
  • Not_Todd: We get this story whenever the market is up and a Republican is in the White House.


    Well, then, we have nothing to worry about.
    Stories that we get when things happen obviously can't portend anything bad for the future.
  • groppet: Yeah my 401k is up $4k the last quarter, totally worth all that death and misery.


    Now you're getting it.
  • Oreamnos: In the winter of 1928 Joe Kennedy, father of JFK and major stock market player, stopped to get his shoes shined. The shoeshine boy leaned in and said, "Buy Hindenburg". Kennedy began unwinding his positions saying, "You know it's time to sell when shoeshine boys give you stock tips. This bull market is over."

    In what is surely unrelated news, I've put about $2000-$3000 into mutual funds since June (taxable account). You have been warned.

    /Even online Money Market savings accounts are below 0.50% now. May as well take a little risk.
    //Pandemic boredom


    I don't see there being too much risk at this point.

    The stock market is up because enough companies have learned how to do business during the pandemic. Worst case scenario is that a COVID surge in the winter slows earnings, but then things will bounce back once we get to warmer weather again, and then a vaccine. Heck, a drop in the market this winter could be a great opportunity to buy low.

    Yes the airlines are in meltdown and it will take years for them to recovery, but they receive a disproportionate amount of media attention relative to their contribution to GDP.

    Finally, COVID has had relatively little impact on the employment and income of middle class, white collar workers whose spending fuels publicly traded companies, like Amazon and Apple. I know it sounds cynical and mean, but the out of work waiters and bar tenders were never earning enough to be spending a lot on new homes, big screen TVs, cars, etc.
  • "It's a racket. Those stock market guys are crooked."

    - Al Capone
  • thornhill: Oreamnos: In the winter of 1928 Joe Kennedy, father of JFK and major stock market player, stopped to get his shoes shined. The shoeshine boy leaned in and said, "Buy Hindenburg". Kennedy began unwinding his positions saying, "You know it's time to sell when shoeshine boys give you stock tips. This bull market is over."

    In what is surely unrelated news, I've put about $2000-$3000 into mutual funds since June (taxable account). You have been warned.

    /Even online Money Market savings accounts are below 0.50% now. May as well take a little risk.
    //Pandemic boredom

    I don't see there being too much risk at this point.

    The stock market is up because enough companies have learned how to do business during the pandemic. Worst case scenario is that a COVID surge in the winter slows earnings, but then things will bounce back once we get to warmer weather again, and then a vaccine. Heck, a drop in the market this winter could be a great opportunity to buy low.

    Yes the airlines are in meltdown and it will take years for them to recovery, but they receive a disproportionate amount of media attention relative to their contribution to GDP.

    Finally, COVID has had relatively little impact on the employment and income of middle class, white collar workers whose spending fuels publicly traded companies, like Amazon and Apple. I know it sounds cynical and mean, but the out of work waiters and bar tenders were never earning enough to be spending a lot on new homes, big screen TVs, cars, etc.


    (Emphasis mine) - think about what the middle class has been through this year.  They've:

    - saved money on gas by telecommuting and lower prices
    - saved money that would have gone to travel
    - saved money that would have gone to entertainment
    - gotten a check for 1200+ for no reason at all
    - had their car insurance rates cut
    - refinanced their homes
    - seen their IRAs grow.

    These are all small things - it's not like gas is expensive for the middle class, nor the small stimulus checks.  But these things do add up together and boost disposable income.

    This is, of course, referring to the professional middle class - college-educated, salaried white collar knowledge workers, managers, not working-class people who claim middle class status.  Trying to define the middle class mathematically is a fools errand - after all, a husband and wife each earning $12/hr from full time jobs is $49,920, within spitting distance of the $55,300 median household income.  Some definitions even include the middle 50%, which would have the "middle class" start around $30,000/year. That's a couple, employed full time at $7.21/hr.
  • thornhill: Oreamnos: In the winter of 1928 Joe Kennedy, father of JFK and major stock market player, stopped to get his shoes shined. The shoeshine boy leaned in and said, "Buy Hindenburg". Kennedy began unwinding his positions saying, "You know it's time to sell when shoeshine boys give you stock tips. This bull market is over."

    In what is surely unrelated news, I've put about $2000-$3000 into mutual funds since June (taxable account). You have been warned.

    /Even online Money Market savings accounts are below 0.50% now. May as well take a little risk.
    //Pandemic boredom

    I don't see there being too much risk at this point.

    The stock market is up because enough companies have learned how to do business during the pandemic. Worst case scenario is that a COVID surge in the winter slows earnings, but then things will bounce back once we get to warmer weather again, and then a vaccine. Heck, a drop in the market this winter could be a great opportunity to buy low.

    Yes the airlines are in meltdown and it will take years for them to recovery, but they receive a disproportionate amount of media attention relative to their contribution to GDP.

    Finally, COVID has had relatively little impact on the employment and income of middle class, white collar workers whose spending fuels publicly traded companies, like Amazon and Apple. I know it sounds cynical and mean, but the out of work waiters and bar tenders were never earning enough to be spending a lot on new homes, big screen TVs, cars, etc.


    You're not taking into consideration that if Trump loses (a not for-sure thing, but statistically likely) he won't concede and anything up-to-and including at least attempting to use the army and/or his followers to attack people is possible. That might tizzy the stock market a bit
  • TDWCom29: thornhill: Oreamnos: In the winter of 1928 Joe Kennedy, father of JFK and major stock market player, stopped to get his shoes shined. The shoeshine boy leaned in and said, "Buy Hindenburg". Kennedy began unwinding his positions saying, "You know it's time to sell when shoeshine boys give you stock tips. This bull market is over."

    In what is surely unrelated news, I've put about $2000-$3000 into mutual funds since June (taxable account). You have been warned.

    /Even online Money Market savings accounts are below 0.50% now. May as well take a little risk.
    //Pandemic boredom

    I don't see there being too much risk at this point.

    The stock market is up because enough companies have learned how to do business during the pandemic. Worst case scenario is that a COVID surge in the winter slows earnings, but then things will bounce back once we get to warmer weather again, and then a vaccine. Heck, a drop in the market this winter could be a great opportunity to buy low.

    Yes the airlines are in meltdown and it will take years for them to recovery, but they receive a disproportionate amount of media attention relative to their contribution to GDP.

    Finally, COVID has had relatively little impact on the employment and income of middle class, white collar workers whose spending fuels publicly traded companies, like Amazon and Apple. I know it sounds cynical and mean, but the out of work waiters and bar tenders were never earning enough to be spending a lot on new homes, big screen TVs, cars, etc.

    You're not taking into consideration that if Trump loses (a not for-sure thing, but statistically likely) he won't concede and anything up-to-and including at least attempting to use the army and/or his followers to attack people is possible. That might tizzy the stock market a bit


    That's my point - unless you're looking for short term gains, ignore volatility and focus on the annual average returns over decades.

    And if you truly think there's going to be a coup, holding back investing in the market isn't much of an appropriate response - you should be moving your money into oversea accounts and fleeing the US banks.
  • TDWCom29: thornhill: Oreamnos: In the winter of 1928 Joe Kennedy, father of JFK and major stock market player, stopped to get his shoes shined. The shoeshine boy leaned in and said, "Buy Hindenburg". Kennedy began unwinding his positions saying, "You know it's time to sell when shoeshine boys give you stock tips. This bull market is over."

    In what is surely unrelated news, I've put about $2000-$3000 into mutual funds since June (taxable account). You have been warned.

    /Even online Money Market savings accounts are below 0.50% now. May as well take a little risk.
    //Pandemic boredom

    I don't see there being too much risk at this point.

    The stock market is up because enough companies have learned how to do business during the pandemic. Worst case scenario is that a COVID surge in the winter slows earnings, but then things will bounce back once we get to warmer weather again, and then a vaccine. Heck, a drop in the market this winter could be a great opportunity to buy low.

    Yes the airlines are in meltdown and it will take years for them to recovery, but they receive a disproportionate amount of media attention relative to their contribution to GDP.

    Finally, COVID has had relatively little impact on the employment and income of middle class, white collar workers whose spending fuels publicly traded companies, like Amazon and Apple. I know it sounds cynical and mean, but the out of work waiters and bar tenders were never earning enough to be spending a lot on new homes, big screen TVs, cars, etc.

    You're not taking into consideration that if Trump loses (a not for-sure thing, but statistically likely) he won't concede and anything up-to-and including at least attempting to use the army and/or his followers to attack people is possible. That might tizzy the stock market a bit


    That's definitely not going to happen. Turn off the Rachel Maddow
  • Likwit: TDWCom29: thornhill: Oreamnos: In the winter of 1928 Joe Kennedy, father of JFK and major stock market player, stopped to get his shoes shined. The shoeshine boy leaned in and said, "Buy Hindenburg". Kennedy began unwinding his positions saying, "You know it's time to sell when shoeshine boys give you stock tips. This bull market is over."

    In what is surely unrelated news, I've put about $2000-$3000 into mutual funds since June (taxable account). You have been warned.

    /Even online Money Market savings accounts are below 0.50% now. May as well take a little risk.
    //Pandemic boredom

    I don't see there being too much risk at this point.

    The stock market is up because enough companies have learned how to do business during the pandemic. Worst case scenario is that a COVID surge in the winter slows earnings, but then things will bounce back once we get to warmer weather again, and then a vaccine. Heck, a drop in the market this winter could be a great opportunity to buy low.

    Yes the airlines are in meltdown and it will take years for them to recovery, but they receive a disproportionate amount of media attention relative to their contribution to GDP.

    Finally, COVID has had relatively little impact on the employment and income of middle class, white collar workers whose spending fuels publicly traded companies, like Amazon and Apple. I know it sounds cynical and mean, but the out of work waiters and bar tenders were never earning enough to be spending a lot on new homes, big screen TVs, cars, etc.

    You're not taking into consideration that if Trump loses (a not for-sure thing, but statistically likely) he won't concede and anything up-to-and including at least attempting to use the army and/or his followers to attack people is possible. That might tizzy the stock market a bit

    That's definitely not going to happen. Turn off the Rachel Maddow


    So how do you think Trump is going to react if he loses? Say "Well, guess I lost. Good luck Joe"?
  • TDWCom29: Likwit: TDWCom29: thornhill: Oreamnos: In the winter of 1928 Joe Kennedy, father of JFK and major stock market player, stopped to get his shoes shined. The shoeshine boy leaned in and said, "Buy Hindenburg". Kennedy began unwinding his positions saying, "You know it's time to sell when shoeshine boys give you stock tips. This bull market is over."

    In what is surely unrelated news, I've put about $2000-$3000 into mutual funds since June (taxable account). You have been warned.

    /Even online Money Market savings accounts are below 0.50% now. May as well take a little risk.
    //Pandemic boredom

    I don't see there being too much risk at this point.

    The stock market is up because enough companies have learned how to do business during the pandemic. Worst case scenario is that a COVID surge in the winter slows earnings, but then things will bounce back once we get to warmer weather again, and then a vaccine. Heck, a drop in the market this winter could be a great opportunity to buy low.

    Yes the airlines are in meltdown and it will take years for them to recovery, but they receive a disproportionate amount of media attention relative to their contribution to GDP.

    Finally, COVID has had relatively little impact on the employment and income of middle class, white collar workers whose spending fuels publicly traded companies, like Amazon and Apple. I know it sounds cynical and mean, but the out of work waiters and bar tenders were never earning enough to be spending a lot on new homes, big screen TVs, cars, etc.

    You're not taking into consideration that if Trump loses (a not for-sure thing, but statistically likely) he won't concede and anything up-to-and including at least attempting to use the army and/or his followers to attack people is possible. That might tizzy the stock market a bit

    That's definitely not going to happen. Turn off the Rachel Maddow

    So how do you think Trump is going to react if he loses? Say "Well, guess I lost. Good luck Joe"?


    By the way I'm not saying it's going to happen that way. Just that it isn't out of the realm of possiblitly
  • TDWCom29: Likwit: TDWCom29: thornhill: Oreamnos: In the winter of 1928 Joe Kennedy, father of JFK and major stock market player, stopped to get his shoes shined. The shoeshine boy leaned in and said, "Buy Hindenburg". Kennedy began unwinding his positions saying, "You know it's time to sell when shoeshine boys give you stock tips. This bull market is over."

    In what is surely unrelated news, I've put about $2000-$3000 into mutual funds since June (taxable account). You have been warned.

    /Even online Money Market savings accounts are below 0.50% now. May as well take a little risk.
    //Pandemic boredom

    I don't see there being too much risk at this point.

    The stock market is up because enough companies have learned how to do business during the pandemic. Worst case scenario is that a COVID surge in the winter slows earnings, but then things will bounce back once we get to warmer weather again, and then a vaccine. Heck, a drop in the market this winter could be a great opportunity to buy low.

    Yes the airlines are in meltdown and it will take years for them to recovery, but they receive a disproportionate amount of media attention relative to their contribution to GDP.

    Finally, COVID has had relatively little impact on the employment and income of middle class, white collar workers whose spending fuels publicly traded companies, like Amazon and Apple. I know it sounds cynical and mean, but the out of work waiters and bar tenders were never earning enough to be spending a lot on new homes, big screen TVs, cars, etc.

    You're not taking into consideration that if Trump loses (a not for-sure thing, but statistically likely) he won't concede and anything up-to-and including at least attempting to use the army and/or his followers to attack people is possible. That might tizzy the stock market a bit

    That's definitely not going to happen. Turn off the Rachel Maddow

    So how do you think Trump is going to react if he loses? Say "Well, guess I lost. Good luck Joe"?


    He's going to be a big asshole crybaby, but someone will drag him out by his ear.
  • Right now, the stock market is Wile E. Coyote.
    It has run off a cliff, and is furiously running in place in mid air.
    At some unknown point in the near future, it will look around and become cognizant of it's situation.
    Don't be holding the bag when that happens.
  • Likwit: TDWCom29: Likwit: TDWCom29: thornhill: Oreamnos: In the winter of 1928 Joe Kennedy, father of JFK and major stock market player, stopped to get his shoes shined. The shoeshine boy leaned in and said, "Buy Hindenburg". Kennedy began unwinding his positions saying, "You know it's time to sell when shoeshine boys give you stock tips. This bull market is over."

    In what is surely unrelated news, I've put about $2000-$3000 into mutual funds since June (taxable account). You have been warned.

    /Even online Money Market savings accounts are below 0.50% now. May as well take a little risk.
    //Pandemic boredom

    I don't see there being too much risk at this point.

    The stock market is up because enough companies have learned how to do business during the pandemic. Worst case scenario is that a COVID surge in the winter slows earnings, but then things will bounce back once we get to warmer weather again, and then a vaccine. Heck, a drop in the market this winter could be a great opportunity to buy low.

    Yes the airlines are in meltdown and it will take years for them to recovery, but they receive a disproportionate amount of media attention relative to their contribution to GDP.

    Finally, COVID has had relatively little impact on the employment and income of middle class, white collar workers whose spending fuels publicly traded companies, like Amazon and Apple. I know it sounds cynical and mean, but the out of work waiters and bar tenders were never earning enough to be spending a lot on new homes, big screen TVs, cars, etc.

    You're not taking into consideration that if Trump loses (a not for-sure thing, but statistically likely) he won't concede and anything up-to-and including at least attempting to use the army and/or his followers to attack people is possible. That might tizzy the stock market a bit

    That's definitely not going to happen. Turn off the Rachel Maddow

    So how do you think Trump is going to react if he loses? Say "Well, guess I lost. Good luck Joe"?

    He's goin ...


    Well, hopefully it's just that easy. I'm less worried about him using the military than I am him just tweeting out that his followers should start shooting Biden voters or McVeigh-ing buildings

    Again, not saying it's going to happen. Just that's it depressingly plausible. And I'm a guy who laughed at people who said Bush wasn't going to leave in 2008
  • TDWCom29: Likwit: TDWCom29: Likwit: TDWCom29: thornhill: Oreamnos: In the winter of 1928 Joe Kennedy, father of JFK and major stock market player, stopped to get his shoes shined. The shoeshine boy leaned in and said, "Buy Hindenburg". Kennedy began unwinding his positions saying, "You know it's time to sell when shoeshine boys give you stock tips. This bull market is over."

    In what is surely unrelated news, I've put about $2000-$3000 into mutual funds since June (taxable account). You have been warned.

    /Even online Money Market savings accounts are below 0.50% now. May as well take a little risk.
    //Pandemic boredom

    I don't see there being too much risk at this point.

    The stock market is up because enough companies have learned how to do business during the pandemic. Worst case scenario is that a COVID surge in the winter slows earnings, but then things will bounce back once we get to warmer weather again, and then a vaccine. Heck, a drop in the market this winter could be a great opportunity to buy low.

    Yes the airlines are in meltdown and it will take years for them to recovery, but they receive a disproportionate amount of media attention relative to their contribution to GDP.

    Finally, COVID has had relatively little impact on the employment and income of middle class, white collar workers whose spending fuels publicly traded companies, like Amazon and Apple. I know it sounds cynical and mean, but the out of work waiters and bar tenders were never earning enough to be spending a lot on new homes, big screen TVs, cars, etc.

    You're not taking into consideration that if Trump loses (a not for-sure thing, but statistically likely) he won't concede and anything up-to-and including at least attempting to use the army and/or his followers to attack people is possible. That might tizzy the stock market a bit

    That's definitely not going to happen. Turn off the Rachel Maddow

    So how do you think Trump is going to react if he loses? Say "Well, guess I lost. Good luck Joe"?

    He's goin ...

    Well, hopefully it's just that easy. I'm less worried about him using the military than I am him just tweeting out that his followers should start shooting Biden voters or McVeigh-ing buildings

    Again, not saying it's going to happen. Just that's it depressingly plausible. And I'm a guy who laughed at people who said Bush wasn't going to leave in 2008


    There will be incidents... maybe a few thousand people will die, at worst. This does not represent an existential threat to the country though. Covid kills 1000 a day, and nobody bats an eye.
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