Stock Market Insanity - All Time Highs! WTF

a reply to: Riffrafter

Not sure what turned the markets around 180 degrees yesterday but as you say the "smart" investors have already factored in a Republican win this November. A Democratic coop would have meant fewer tax shelters for capital gains in 2021 so investors would have taken their gains this year instead.

They are already messing up Bidens script to cover for the election loss and the Dow recovered more than 600 points.

The world economic forum has some of the answers guys, to much information for me to post, so will just give the relevant link.


www.weforum.org...

We'll have to see what happens in October.

a reply to: eccentriclady

Taking place in the context of the United Nations General Assembly, the World Economic Forum’s fourth and, for the first time, fully virtual Sustainable Development Impact Summit will convene leaders from government, business, international organizations and civil society along with a diverse group of experts and innovators to initiate, accelerate and scale-up entrepreneurial solutions to tackle climate change and advance sustainable development.

The "Great reset", the G even works with the MAGA hat..
I remember watching the Cuban missile crisis behind the scenes at the UN, very compelling theatrics there.
And I warned the bears at the bottom of the stock market selloff that they were front running the economic numbers in a way that only insiders would be able to profit from. There was in my mind the retarded idea that the Democrats might put something meaningful together if DJT was getting tired of handling the recession and that usually requires higher taxes.

So do I vote out of anger for my own stupidity or just not bother to participate in the illusion of democracy?

a reply to: Slichter

Sadly, it seems our choices are restricted to the point they are no longer democratic, rather we choose our vote according to our own perception of the lesser of two evils. Which doesn't answer your question at all, however it seems to be the same the world over.


The only vote that can not be manipulated or misrepresented, is to vote with your money, which is more effective than voting with your feet, or pencil and paper. The option of voting with your money isn't held as valid by central governments as transfering dollars into other forms of wealth undermines what the elites are trying to achieve.

My motto for our brave new world "is money talks". With that in mind, I exposed myself to dragon fever summer 2017, so voted with my wallet to avoid the ponzi financial system that is failing around the world (taking pensions etc with it). The markets are heavily controlled one way or another, while robinhooders had a great time, little do they realise that part of the debt is quietly being transfered to them. While us oldies understand that mmt doesn't work, there is no way out of the debt trap the west has created unless or until they find a way to go back to austrian economics.

I don't recall the cuban missile crisis, due to my eta of late 60's, it sounds like a stressful time for the public, a behind the scenes view must have been awsome and informative.

a reply to: eccentriclady

Money is an illusion and suggesting it’s transfer has any real influence is fanciful.

Although I agree with a lot of what you say I find the overall post paradoxical. If value is derived from a centralised source our concept of ownership is merely placating a market built on shadows of true wealth.

DOW JONES Above 30,000


the insanity has solid reasoning behind the abrupt Surge in the DOW & S&P

Its not about the economic/taxing plans of Biden Term...

the DOW Surge is because with the socialist-communists in power that the former economy is gone and the FANG Mega Corps will concentrate all the economic momentum-&-velocity in the control & sphere of those 5 or 6 Mega Corps

the economy will continue to rotate out of a Mom-Pop diverse structure for 70% of the GDP
And /////into the grasp of the Amazons/netflix/Alphabet-google/social media giants/MSM propagandists which are in lockstep with Globalist Government operating from the Democrat Party core-base

i will not say a DOW 40K is impossible by 2022 as the Fascist State consolidates 99% of the GDP $$ turnover in the digital economy