Why have Republicans stopped bragging about the stock market?

[HisArpy]

Looks like Boeing finally owning up to the fact that the 737Max airplane is an Edsel class flop is driving the market down....they've asked its parts suppliers for the plane to slow down production, so they won't be selling the planes again anytime soon.

Lopped 10% of the company's value off in less than a day. Seems a lot of hope for Boeing profits was riding on the 737Max.

Commercial Aircraft have become too complex for the job they do. The MAX is the worst of the lot, cheap ass software with code flaws didn't help improve that failing.

We have aircraft sitting idle in the desert because there aren't enough carriers or need to fly them. Adding to the fleet inventory knowing that is a stupid idea. Building new aircraft that you had to fudge the data on just to increase the idled fleet numbers, is even more stupid.

Trillions spent to have airplanes sit in the desert sun and rot. Boeing deserves what it gets. And then some.

 

[Pookie]

25,389.56 −1,600.43 (5.93%) Jun 11, 2:44 PM EDT

 

[Adre]

Some think it will test the recent lows. It might have to.

 

[Pookie]

Some think it will test the recent lows. It might have to.

Have you see our (South Carolina) new covid-19 numbers the past week? The past two days have both been record highs.

Edited to add:

Over the past three weeks, 40% of the state’s total number of cases have been diagnosed.

The recent spike in cases is not just due to more testing, DHEC said.

While case numbers have increased, so has the percent positive. Percent positive refers to the number of people who test positive for COVID-19 in relation to the number of tests being performed.

https://www.wistv.com/2020/06/11/sc-reports-another-record-high-with-new-covid-cases-thursday/

 

[coati]

But, I thought the virus and associated consumer impacts went away when the impeached President and Republican governors boldly shifted gears and hit the accelerator pedal on the V-shaped recovery.

Did someone forget to send those talking points to the virus?

 

[Adre]

Have you see our (South Carolina) new covid-19 numbers the past week? The past two days have both been record highs.

Looks terrible. It’s better down here but the tourists are flocking in. Be careful.

 

[hogjack]

My portfolio is doing pretty well. There are ways to navigate through challenging markets by adjusting various financial instruments and investment positions.

The majority of Americans and the world are still eating, drinking, sleeping, driving, working, humping, dancing, farming, dressing, protesting, shopping, and cleaning.

It's not all vandalizing, rioting, killing, pandering, and looting.

 

[Pookie]

25,287.02 −1,702.97 (6.31%) Jun 11, 2:57 PM EDT

I think this is getting close to circuit breaker territory.

 

[Pookie]

25,132.72 −1,857.27 (6.88%) Jun 11, 3:25 PM EDT

Ouch.

 

[Saint Peter]

the Lord giveth
the Lord taketh away

 

[Pookie]

the Lord giveth
the Lord taketh away

The axe is already laid at the root of the trees; therefore every tree that does not bear good fruit is cut down and thrown into the fire.

~ Matthew 3:10

 

[wabbitfoot]

this looks like a great idea to me

https://seekingalpha.com/article/43...bine-fusion-fuel-next-hydrogen-hype-in-making

I

Bought

 

[Pookie]

And the final is ...

25,128.17 −1,861.82 (6.90%) Jun 11, 4:08 PM EDT




https://www.cnbc.com/2020/06/10/stock-market-futures-open-to-close-news.html

Stocks suffer their worst day since March, with the Dow plunging more than 1,800 points

Stocks suffered their biggest one-day pull-back in three months on Thursday as traders grew concerned about the number of coronavirus cases increasing in some states that are reopening up from lockdowns. Shares that have surged recently on hopes for a smooth reopening of the economy led the declines.

...

“You’re seeing the psychology in the market get retested today” as traders weigh the the recent uptick in coronavirus hospitalizations and a grim outlook from the U.S. central bank, said Dan Deming, managing director at KKM Financial. “The sense is maybe the market got ahead of itself, which makes sense given the fact that we’ve come so far so fast.”

“The reality is this thing’s going to linger longer than probably the market had through of,” Deming said.

 

[HisArpy]

I

Bought

I'm holding what I have. I still don't know the final damage totals though I suspect it'll be more than moderately ouchie.

Tomorrow should be the "stunned silence" while the day trading millenials using RobinHood wait for the other shoe to drop. Anyone who watched Boeing and the travel industry stocks doing the roller coaster ride over the past few weeks saw this coming as soon as they realized that the market was being manipulated for profits by the day traders.

Monday the market should start to rebuild itself. It might start on Tuesday or Wednesday, but it WILL rebuild itself. Slowly due to hesitation and uncertainty, but it will.

We've been down this road before. Hold what you have until we see if this is the bottom. If it is, buy if you can, you'll get huge cap gains as a result.

 

[wabbitfoot]

read the link

oh, and its at $10.70 and has $10.64 cash

 

[IrezumiKiss]

https://images2.imgbox.com/b7/d6/z1tlV1MQ_o.png

 

[RobDownSouth]

zumi you are a god amongst men.

"Rich people's feeling graph" ...laughin' my ass off.

 

[hogjack]

We've been down this road before. Hold what you have until we see if this is the bottom. If it is, buy if you can, you'll get huge cap gains as a result.

This is correct. And buy the areas that are doing well despite the Far Left. Eventually the Far Left (aka Radical Left, aka Democrats) will get bored with destroying parts of the country. And eventually the COVID-19 insanity will stop. Then, markets will rebound.

The goal has been to keep the chaos going through November. The Far Left and Democrats will stop at nothing to oust the President. Exactly what Hillary KKK Clinton said.

 

[Curmudgeonly]

https://images2.imgbox.com/b7/d6/z1tlV1MQ_o.png

zumi you are a god amongst men.

"Rich people's feeling graph" ...laughin' my ass off.

Only "rich oeople" have investments?

. . .really?

Where. . .do you suppose. . .pension funds and 401K plans grow?

 

[coati]

My portfolio is doing pretty well. There are ways to navigate through challenging markets by adjusting various financial instruments and investment positions.

The majority of Americans and the world are still eating, drinking, sleeping, driving, working, humping, dancing, farming, dressing, protesting, shopping, and cleaning.

It's not all vandalizing, rioting, killing, pandering, and looting.

The COVID spike we are experiencing right now is the result of an impeached President announcing (while conspicuously disdaining the wearing of masks) that we had done enough of that public health distancing crap, and it was time to open up the country to its same-ol'-used-to-be on Memorial Day, 2020.

According to epidemiologists, the next spike will follow the recent mass protests by a similar time lag of about two weeks.

The virus don't give a shit about the arrogant aspects of "American exceptionalism". The virus don't give a shit about how much money the Fed prints. The virus don't give a shit about the Rich Peoples' Feelings Graph.

 

[hogjack]

"Rich people's feeling graph" ...laughin' my ass off.

As a communist you obviously hate commerce, markets, and investments. There is nothing wrong with that viewpoint.

But bad markets and the economy hurts millions of people. The "rich" feel a pinch but middle class and below feel much more pain.

 

[HisArpy]

This is correct. And buy the areas that are doing well despite the Far Left. Eventually the Far Left (aka Radical Left, aka Democrats) will get bored with destroying parts of the country. And eventually the COVID-19 insanity will stop. Then, markets will rebound.

The goal has been to keep the chaos going through November. The Far Left and Democrats will stop at nothing to oust the President. Exactly what Hillary KKK Clinton said.

Manipulating the stock market to create chaos and a meltdown is phase 3 of the stop Trump from being reelected plan. Trust me, there will be a phase 4, 5, 6 and so on until November.

Right now I'm thinking "SECOND WAVE!!!!" is phase 4. CNN is going all aghast over the "spike" in CV19 case. If you look at the information it's ridiculous. For instance, they had some idjit from AZ health on and he was saying that he and his colleagues were concerned that "the spike could overwhelm their medical capabilities in the next few weeks."

Really?

You know how many new cases in AZ over the past week we're talking about here? 19**.

Yeah, that.





** HIS data on HIS graph on the tube, not mine. If it's wrong, don't blame me.

 

[coati]

As a communist you obviously hate commerce, markets, and investments. There is nothing wrong with that viewpoint.

But bad markets and the economy hurts millions of people. The "rich" feel a pinch but middle class and below feel much more pain.

The laugh about Rich Peoples' Feelings Graph has nothing to do with hating commerce, PorkyJacker. It has to do with how little connection to reality there is in some of the ups and downs of that feelings graph. Trump's denial of reality has real effects, all the way to the stock market "experts".

Leadership, or lack thereof, matters. All that V-shaped recovery crap was just a fantasy. And now, we face paying the mortality and economic price for him acting like the pandemic was simply a Democrat hoax to run his sorry ass out of office. He'd doing a pretty good job of that on his own.

There is a right way to re-open society during a respiratory virus pandemic and a wrong way. We went the wrong way. Some sectors of the market will do OK, but big sectors of the in-person consumer-based markets will suffer.

 

[HisArpy]

The laugh about Rich Peoples' Feelings Graph has nothing to do with hating commerce, PorkyJacker. It has to do with how little connection to reality there is in some of the ups and downs of that feelings graph. Trump's denial of reality has real effects, all the way to the stock market "experts".

Leadership, or lack thereof, matters. All that V-shaped recovery crap was just a fantasy. And now, we face paying the mortality and economic price for him acting like the pandemic was simply a Democrat hoax to run his sorry ass out of office. He'd doing a pretty good job of that on his own.

There is a right way to re-open society during a respiratory virus pandemic and a wrong way. We went the wrong way. Some sectors of the market will do OK, but big sectors of the in-person consumer-based markets will suffer.

This is projectionist crap.

We don't shut down the economy over the flu or even cold season. We don't shut down the economy over any of the other respiratory ailments we suffer (like asthma).

So why this one? What's so special about CV19?

It's infectious? So is influenza.

It kills? So does influenza.

And here's the REAL kicker, remember when it was only supposed to be a 14 day quarantine? 4 months later and we're STILL being quarantined to some extent.

Why?

Answer: Because the Left can say it's all Trump's fault.

 

[RobDownSouth]

I'm holding what I have. I still don't know the final damage totals though I suspect it'll be more than moderately ouchie.

Well, I told you I'd get back to you after the market closed.

Today was an ouchie.

Looks as though it's going to be a rollercoaster for a while.