"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
Combination of debt and literally printing money. It's not really transparent. It's debt if they just release bonds (treasury). It's printing money when they buy back those bonds (central bank). In theory it should cause inflation in some circumstances, but it hasn't in the last 50 years.
Oh and as long as dollar is the worlds reserve currency it's in no ones interest to rock the boat in anyway.
This is the most important concept in the economic world.
We may not be the push overs we were 10 years ago but we still the best game in town. The first reaction from congress back in 2008 was to let the banks fail. The rest of the world was furious and told us to fire up the printing press via the Fed and paper over the banks via TARP. The rest of the world was happy that we did it.
finally got your catch up today, 'tine:
hopefully before whatever budget announcement pelosi/trump whip up, im going to look for some 9 month spce call options. and ill likely double down if/when the market sheds another 50%.
"Birds born in a cage think flying is an illness." - Alejandro Jodorowsky
"America is not so much a nightmare as a non-dream. The American non-dream is precisely a move to wipe the dream out of existence. The dream is a spontaneous happening and therefore dangerous to a control system set up by the non-dreamers." -- William S. Burroughs
I was going to mention something here a couple of days ago and I forgot.
Now first off, I'm not defending Inovia or anything like that. I know virtually nothing about them aside from the press release I posted a while back which stated the supposed progress they had on a potential vaccine. Is it a shady business who used less than accurate information due to the pandemic to boost their stock price? Its entirely possible. I really don't know.
However, I just want to add a little balance to say that the "call out for total fraud" was made by nothing other than a company named "Citron Research" which is run by a guy named Andrew Left. This guy is literally an activist short seller.
He literally shorts specific companies and then uses media to call them out and hopefully make the security tank.
He has had ethics violations through his career:
"Citron launched 51 investigative reports against S&P 500 companies, between 2009 and 2015, as well as several Chinese companies, citing allegations of pyramid schemes, ineffective products and accounting, or business frauds.[7] In 2016, Left was banned for five years by the Hong Kong Market Misconduct Tribunal for disclosing false or misleading information, and so inducing transactions under the Securities and Futures Ordinance.[8][9] Despite being sued by multiple companies for the reports he has released, Left claims he has never lost a case in the United States;[5][10] the National Futures Association sanctioned Left and stated that he “made false and misleading statements to cheat, defraud or deceive a customer in violation of NFA compliance rules.”[11][12]"
https://en.m.wikipedia.org/wiki/Andrew_Left
That being said, maybe he is correct on this one - who knows. I just wanted to put this out there to add some balance
might not last for very long, but finally found a bid below 2400...
market set to rip shorts a new orifice.
After several days of the biggest bloodbath percentage drop in decades, and then futures pointing to a mere +400 implied open (more or less), I'm not sure that your statement would so far best describe tomorrow's outcome. Granted, I want to be optimistic like most people and see a surge, but I'm not going to hold my breath here.
IMO even if, in the best case scenario, a vaccine was suddenly put to market, it will take a much much longer time for everything to recover. We wont see the highs we previously enjoyed for quite a while. Plus we have the oil markets that are affecting the prices - who even knows when we will see light at the end of the tunnel.
I want to be optimistic, but society is still in full blown panic mode.
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