2020 market expectations and positioning - Part 2

aurvandil

aurvandil

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coolhead

coolhead

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hwarzoner said:
So my $800 916 gold chain bought in 28 years ago could worth more now?
Click to expand...

When my wife received the 4dian jin from my mum in May 2019, gold retailed at $57-59/gram. Now I see shops selling $81-83 /gram.

What an increase.

Posted from PCWX using Redmi K20 Pro
 
netzach

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looks rip for a nice pullback for re-entry.

hope it's not just a tiny hair line pullback of 2 days lol.

so far the pullbacks are minimal like fug...don't even retrace 61.8 on the Fibo lol.

:s12::s12:
 
_dXter

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Reaching fiscal cliff next week, will we get a bridge or will we fall off?
 
BBCWatcher

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minamikaze said:
What fiscal cliff?
Click to expand...
It's more like a slope, actually, but the two big ones are:

1. The special US$600/week unemployment benefit top ups only currently apply to unemployment occurring through the end of July, 2020. (Actual claims are paid in arrears, so a good chunk of the US$600/week top ups will be paid out in August and even beyond.) Starting with unemployment experienced from August 1 onward, standard state level unemployment benefits and benefit durations will apply under current law, and those standard benefits are probably not even good enough during periods of low unemployment.

2. State and local governments either have set their budgets or very soon will for the next fiscal year. Almost all of them are required to maintain balanced budgets. Their tax revenues have collapsed due to COVID-19 impacts, and their relief spending is higher for the same reason. So they're already well underway with massive workforce layoffs and other spending reductions. State and local government spending in 2019 represented about 17% of U.S. GDP, so as they balance their budgets the whole U.S. economy suffers. The only entity that can prevent this from happening, or at least make it less bad, is the U.S. federal government.

The Republican Party controlled Senate is blocking funding for both of these urgent problems, not "Congress."
 
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moolala

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_dXter said:
Reaching fiscal cliff next week, will we get a bridge or will we fall off?
Click to expand...

whats a fiscal cliff?

today market drop is for real or not? seems like US CHINA have problems

meaning time to short or is fed too powerful?
 
Y

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crooked trump will definitely use all his means and ways to artificially keep the markets up.. and as long as everyone believes that they aren't the biggest fools and that there will be another person that is willing to buy their shares, the market will remain sky high

waiting for the house of cards to tumble, but the message is clear from the feds, to even buy junk bonds

what's next? printer goes brr and directly deliver options to retailers?:s22:
 
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