matt lauer was the talking head
Posted on 03/18/2020 10:59:16 AM PDT by ransomnote
https://www.washingtontimes.com/news/2020/mar/18/baltimore-stop-prosecuting-nonviolent-crimes-amid-/
plus Mosby asked the gove to release prisoners 60 years and older...
Great, after admitting you don’t know crap, I’ll tell ya.
The financial markets are valued based upon the earnings of the underlying economy. The valuation rate is based upon perception of strength.
Right now, perception is terrible, and we might see earnings erosion short term that is shocking. But temporary.
An earnings machine like the USA cannot be zero. And such, the value of the dow at earnings x such, cannot be zero.
We are being tricked, duped, whatever. This shit is a hoax like y2k. And even if it isn’t, a virus loses steam from the inability to find a host.
Also, the Fed Reserve has unrivaled and unlimited power to create stimulus, policy, restrictions, limitations, exceptions, etc. What they want, they get...Don’t fight the Fed...
If you got liquidity, you’ll be fine. Lack of liquidity is what kills business and investors. See my above post for more.
go onto ebay and get the same model you were used to!!
they have a billion calculators!
I only use the calculator of common sense, economic fundamentalism. Also, I am the Walrus. And ....The Dude.
If you got liquidity, you’ll be fine.
~~~~~
what’s that mean?
“Look, at what happened in Idlib, in Syria?” the president said. “At the time all kinds of terrible motives were tossed at me. But as the world later learned, I got the Russians and Iran to suspend their attacks. What they were going to do could have killed three million people.— Brian Cates //Flynn & Breitbart's Army! (@drawandstrike) March 19, 2020
That means, if you have cash, or income to sustain yourself during bad times.. you will not lose your house, need to sell stocks at a discount, or need to cash in items of lost value to save a business...
That is “liquidity”.
That is why the Fed pumps massive amounts of money into the markets. To allow for liquidation at some sort of reasonable price. Meanwhile they own the downtrodden, only to sell back at a profit later when things are at equilibrium.
I know more than I like to admit. The current run on the markets is pretty bad.
Hoax? It’s real. I’m losing thousands of dollars a day. The stock market is like a psychopath on a bad day.
This thing won’t last forever, it will run it’s course. IMHO opinion it was a deliberate move by the deep state to tank Trump. In the long run it won’t work. The disease will die out and the markets and the economy will spring back like never before.
In the meantime it sucks.
-SB
I’m out. see y’all tomorrow! Hey, it’s 3/19!
Thanks, tonight you are the Dude!
Cuz I feel better after reading that.
You only lose if you are stupid or desperate or illiquid enough to have to cash out right now.
If your house falls by half in value, but you don’t sell...did you lose half the value? No, of course you didn’t. But for sure, right now your house is worth about 1/3 less than what it was 2-3 months ago.
Hope that helps...
BKMK
if only i kept scrolling....
209.157.64.201 still works...
I agree with your point about the underlying economy. Just weeks ago things were purring along nicely, then the black swan event happens. Perceptions are blown all to hell because was we know, the market hates uncertainty. But perceptions can change instantly, the underlying economy cannot. Bbut we don’t have to fix the underlying economy - just reduce the uncertainty, build confidence that we can handle the crisis, and the perceptions will change.
Maybe a poor analogy but it’s as if we’re driving along smoothly for hours, then hit a patch of black ice. The car is skidding out of control in an instant, a total reversal from just seconds before. The outcome could be very bad - or it could just be a matter of re-orienting the vehicle, taking a few deep breaths to calm down, and proceeding on. The problem is, you have no way to know which it’s going to be while it’s happening, and the natural response is fear and anxiety. But that perception will change as soon as some sense of normality returns.
But if we can push that aside and think logically, if the measures put in place indeed flatten the curve, if expanded testing properly allocates resources and drives good decisions, if the number of new cases start to taper off, and to be really optimistic, if an effective treatment emerges that speeds up the process, I can see recovery beginning faster than some of the experts I follow on Twitter think.
oh great...thanx...thanx a lot...what am i going to do with all this toilet paper...
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