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ATTENTION: the FED already turned on the free money printing machines and at this moment it is taking control of the indices, the FED knows that the ONLY way to maintain the bull market fantasy is by manipulating the indices by printing tons and tons of free money that will allow the friends of the FED to continue earning millions, obviously, the impoverishment and misery of the working class will also accelerate but that is not a matter for the FED.
The Fed has said that its ONLY priority is to keep the privileges of the Fed's friends intact and that the working class must seek other ways to survive.
Looks like Stimulus going to dry up soon - so enjoy this next (last?) round of checks while it lasts! "FED'S POWELL SAYS US ECONOMY MAY RETURN TO PRE-CRISIS LEVELS 'MUCH SOONER' THAN EXPECTED" (translation: after inflating this dangerous bubble they need to taper down on stimi before the rising yields crash us... nothing to see here!)
The US Small Cap company Bankruptcies at Record highs, but Russell 2000 the Fraudulent Small cap index is trading at Record High Valuation, up by 150% in the last 9 months!
Dow down 1000 Friday as investors realize how f'd up everything really is.
If our economy was driven by consumer spending the markets are over priced.
A real estate shake out is inevitable with massive surplus of office buildings and retail.
Record unemployment, eviction freezes preventing millions from being thrown out on the streets.
Our country is a mess.
Wells Fargo reported : Average deposits were $205.8 billion, down 20%
Retail sales tumble worse than expected? I can't believe those million people filing for unemployment benefits weren't spending their days shopping online
Haha Yahoo are saying that stocks are rising again based on stimulus hopes. You can't make this up anymore... :D
At this rate of insane artificial Stock Price PUMPING every single day, all the US Companies will be trading at +$1 Trillion Market values, but their revenues will be $100K and they will be Losing money because algorithms are blindly buying the tickers. The ABSURD Valuations, Tanking Corporate Revenues, Collapsing Economy, Skyrocketing Inflation, Astronomical National and Corporate DEBT levels, Record Bankruptcies, Growing Corporate loss DO NOT AFFECT Stock prices anymore.
Just checked again. Still no election fraud.
It might be a good time to remember WHY we lost 400,000 American's to COVID-19:
Jan 20: "I know more about viruses than anyone.”
Jan 22: “We have it totally under control. It’s one person coming in from
China. It’s going to be just fine.”
Feb 2: “We pretty much shut it down coming in from China.”
Feb 24: “The Coronavirus is very much under control in the USA!”
Feb 25: “CDC and my Administration are doing a GREAT job of handling
Feb 25: “I think that's a problem that’s going to go away… They have
studied it. They know very much. In fact, we’re very close to a
Feb 26: “The 15 (cases in the US) within a couple of days is going to be
down near zero.”
Feb 26: “We're going very substantially down, not up.”
Feb 27: “One day it’s like a miracle, it will disappear.”
Feb 28: “We're ordering a lot of supplies. We're ordering a lot of, uh,
elements that frankly we wouldn't be ordering unless it was
something like this. But we're ordering a lot of different elements
Mar 2: “You take a solid flu vaccine, you don't think that could have an
impact, or much of an impact, on corona?”
Mar 2: “A lot of things are happening, a lot of very exciting things are
happening and they’re happening very rapidly.”
Mar 4: “If we have thousands or hundreds of thousands of people that get
better just by, you know, sitting around and even going to work —
some of them go to work, but they get better.”
Mar 5: “I NEVER said people that are feeling sick should go to work.”
Mar 5: “The United States… has, as of now, only 129 cases and 11
deaths. We are working very hard to keep these numbers as low
Mar 6: “I think we’re doing a really good job in this country at keeping it
down… a tremendous job at keeping it down.”
Mar 6: “Anybody right now, and yesterday, anybody that needs a test
gets a test. They’re there. And the tests are beautiful…. the tests
are all perfect like the letter was perfect. The transcription was
perfect. Right? This was not as perfect as that but pretty good.”
Mar 6: “I like this stuff. I really get it. People are surprised that I
understand it ... Every one of these doctors said, ‘How do you
know so much about this?’ Maybe I have a natural ability. Maybe
I should have done that instead of running for president.”
Mar 6: “I don't need to have the numbers double because of one ship
that wasn't our fault.”
Mar 8: “We have a perfectly coordinated and fine tuned plan at the White
House for our attack on CoronaVirus.”
“Donald Trump is not going to change the record,” Historian Beschloss said. “He was largely responsible for the deaths of hundreds of thousands of Americans who did not need to die. Millions of others who suffered from covid did not need to suffer…"
So, why do you Dotards not see the Truth? Well, the Truth HURTS you right-wing sycophants.
At what point does Freedom = Anarchy?
965,000 new weekly unemployment claims is great for stocks!
Jan 13th; "Moderna CEO says the world will have to live with Covid ‘forever’. The CEO of Covid-19 vaccine maker Moderna warned Wednesday that the coronavirus that has brought world economies to a standstill and overwhelmed hospitals will be around “forever.” Public health officials and infectious disease experts have said there is a high likelihood that Covid-19 will become an endemic disease, meaning it will become present in communities at all times."
So wait...Yesterday, Investors Business Daily says the Dow rally was due to Biden's stimulus which will pump money into the economy. Today IBD says the downturn is due to the Biden's stimulus causing fear of higher taxes and interest rates. Well..isn't that convenient. No matter what happens int he market, it's all due to Biden's stimulus and IBD has both ends covered. I'm calling #$%$
“House prices in Spain fell 5.7% in November compared to the previous year, the College of Notaries said, as the coronavirus pandemic has depressed the real estate market and sellers lowered expectations amid a swelling housing stock. With tourism limited and much of Spain’s activity shifting online, two of Spain’s largest property portals said earlier this week, forcing landlords to either lower rents or sell, which has dragged house prices down as the stock grew.”
“The amount of rental homes available was 78% higher at end-2020 than when the year began, property portal Idealista said, meaning rents in once red-hot real estate hubs like Madrid and Barcelona fell by 7.3% and 9.4% respectively.”
It is only the US Market Makers, FED, who are PUMPING the Stock Prices artificially every single day! NO REAL BUYER LEFT at these ABSURD Company Valuations!
As you see it is Friday, there is no buyer, no trading volume, but MAGICALLY, the US Stock indexes start to get PUMPED from the collapse in the middle of the day!
Print Dollars to PUMP US Stocks
The FED is Preventing all Correction attempts, Pumping the stock prices artificially nonstop!
The Greenspan Put was a monetary policy response to financial crises that Alan Greenspan, former Chairman of the Federal Reserve, exercised beginning with the crash of 1987. Successful in addressing various crises, it became controversial as it led to periods of extreme speculation led by Wall Street investment banks overusing the Put's "repurchase agreements" (or indirect quantitative easing), and creating successive asset price bubbles. The banks so overused Greenspan's tools that their compromised solvency in the global financial crisis, required Fed Chair Ben Bernanke to use direct quantitative easing (the Bernanke Put). The term Yellen Put was used to refer to the Fed Chair Janet Yellen's policy of perpetual monetary looseness (i.e. low interest rates and continual quantative easing).
In Q4 2019, Fed Chairman Jerome Powell recreated the Greenspan Put by providing "repurchase agreements" to Wall Street investments banks as a way to boost falling asset prices; in 2020, to combat the financial effects of the COVID-19 pandemic, Powell re-introduced the Bernanke Put with direct quantitative easing to boost asset prices. In November 2020, Bloomberg noted that the Powell Put was stronger than both the Greenspan Put or the Bernanke Put, while Time noted that the scale of Powell's monetary intervention in 2020, and the tolerance of multiple asset bubbles as a side-effect of such intervention, "is changing the Fed forever".
While the individual tools vary between each genre of "Put", collectively, they are often referred to as the Fed Put. Yellen's perpetual use of the Fed Put had led to what was termed the Everything Bubble, being perceived simultaneous bubbles in most US asset classes, which by late 2020, under Powell's Chair, had reached an extreme level due to unprecedented monetary looseness by the Fed, which sent major US asset classes (equities, bonds, and housing), to prior peaks of historical valuation; and created a highly speculative market.
The term "Greenspan Put" is a play on the term put option, which is a financial instrument that creates a contractual obligation giving its holder the right to sell an asset at a particular price to a counterparty, regardless of what is the prevailing market price of the asset, thus providing a measure of insurance to the holder of the put against falls in the price of the asset.
While Greenspan did not offer such a contractual obligation, under his chair, the Federal Reserve taught markets that when a crisis arose and stock markets fell, the Fed would engage in a series of monetary tools, mostly via Wall Street investment banks, that would cause the stock market falls to reverse. The actions were also referred to as "backstopping" markets. The main tools used were:
Fed purchase of Treasury bonds in large volumes at high prices (i.e. lowering the yield), to give Wall Street banks profits on their Treasury books, and free up capital on their balance sheets; and
Lowering the Fed Funds rate, even to the point of making the real yield negative, which would enable the Wall Street investment banks to borrow capital cheaply from the Fed; and
Fed providing Wall Street investment banks with new loans (called short-term "repurchase agreements", but which could be rolled over indefinitely), to buy the distressed assets.
Repurchase agreements (also called, "repos") are a form of indirect quantitative easing, whereby the Fed prints the new money, but unlike direct quantitative easing, the Fed does not buy the assets for its own balance sheet, but instead lends the new money to investment banks who themselves purchase the assets. Repos allow the investment bank to make both capital gains on the assets purchased (to the extent the banks can sell the assets to the private markets at higher prices), but also the economic carry, being the annual dividend or coupon from the asset, less the interest cost of the repo. When the balance sheets of investment banks became very stressed during the global financial crisis, due to excessive use of repos, the Fed had to by-pass the banks and employ direct quantitative easing.
A number of adverse side-effects have been identified from the "Greenspan Put" (and the other "Fed Puts"), including:
Moral hazard. The expectation of a Fed bailout in any market decline created moral hazard, and was considered a driver of the high levels of speculation that created the 1998–2000 internet bubble. At the start of the 2008 global financial crisis, Wall Street banks remained relaxed in the expectation that the Greenspan Put would protect them. The term "don't fight the Fed" was associated with the "Greenspan Put", implying don't sell or short assets when the Fed is actively pushing asset prices higher. Economist John H. Makin called it "free insurance for aggressive risk-taking".
"You can't lose in that market," he said, adding "it's like a slot machine" that always pays out.
The Greenspan Put created substantial profits for Wall Street, Wealth Inequal
I remember 20 years ago. We were all giddy and euphoric, making money on tech stocks - it was AMAZING just like this. Never-ending. On a normal nothing morning we all got wiped out. Came out of no- where.
Massive inflation is here. One need only look at the obscene Fed induced tulip bubble mania in equities as well as real estate prices for proof.
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