Posted on 07/06/2020 2:44:19 PM PDT by John W
U.S. stocks finished sharply higher Monday, with the Nasdaq scoring a record close, as Wall Street followed surging Chinese equity benchmarks to their best levels in at least two years.
Monday’s upbeat market action contrasted with a further spike in U.S. coronavirus cases and a resurgence of business restrictions by state and local authorities struggling to contain the viral outbreak.
U.S. stocks ended up sharply Monday, led by shares of financial companies and record-setting technology shares as Wall Street followed Chinese equity markets higher.
But Monday’s gains also came with growing doubts about the ability of the U.S. to contain the viral outbreak and its economic fallout, after COVID-19 cases climbed across the U.S. over the Fourth of July weekend.
(Excerpt) Read more at apple.news ...
The rich get richer, and you can’t fight the Federal Reserve, which creates “money” at will.
It will be fun to see the earnings projections over the next couple of weeks. What kind of multiples to you put on, “We have no clue?”
It will be fun to see where the Fed will be investing next.
There is so much funny money being printed (20% of global GDP) that it’s amazing we aren’t seeing inflation out the rear end. Except in stock prices.
The stuff about the virus is blatantly being exaggerated and misrepresented.
It’s obvious an increase in cases found from more testing is not a negative if death and serious illness are declining.
In spite of RAT governors and mayors and MSM equating COVID positive tests to deaths, the re-employment numbers are telling wall street the economy is recovering and growing.
Wall St.: "I got five pieces of candy!
K-St.: "I got a chocolate bar!
Main St.: "I got a rock"
Leftists are probably guzzling paint thinner right about now.
Great news.
Well... the Dow is decoupled from reality.
The art of the deal. Enough debt that you own the banks.
Right as of now, I have heard that the Fed is terrified of a monetary collapse.
Now is the time to print a competitive currency backed by a commodity.
Would you prefer the market was crashing?
Yes, they would. As we saw during the creation of the WuFlu panic back in March, there’s plenty of alleged FReepers that want to see the world burn. All to validate their sick worldview.
Stimulus II ?
August
Stimulus II
I would prefer an honest market.
Like, petrodollars?
Glad I didn't listen to all the doom and gloomers urging us to take it all out and put it under our mattresses.
What other market would you prefer to invest in? The world is investing in America which is driving the market. If Biden wins you will get your wish.
Nice!
$6 TRILLION created from thin air... it HAS to go somewhere.
It ends up in the stock market.
Don’t fight it people.
It’s ALL UP.... until,
it’s not.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.