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Lawyers, Guns
and Money
Picture of chellim1
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Stocks Tumble Into Close As Bernie Sanders Threatens To Hold Up Coronavirus Package

Stocks tumbled into the bell after Sen. Bernie Sanders (I-VT) became the latest lawmaker to threaten to hold up the coronavirus stimulus package "until stronger conditions are imposed on the $500 billion corporate welfare fund."

"Unless Senators Graham (R-SC), Sasse (R-NE) and Time Scott (R-SC) drop their anti-worker objections to fast-tracking the emergency coronavirus legislation, I am prepared to put a hold on this bill until stronger conditions are imposed on the $500 billion corporate welfare fund," Sanders said over Twitter.



https://www.zerohedge.com/poli...fix-massive-drafting



"Some things are apparent. Where government moves in, community retreats, civil society disintegrates and our ability to control our own destiny atrophies. The result is: families under siege; war in the streets; unapologetic expropriation of property; the precipitous decline of the rule of law; the rapid rise of corruption; the loss of civility and the triumph of deceit. The result is a debased, debauched culture which finds moral depravity entertaining and virtue contemptible."
-- Justice Janice Rogers Brown

"The United States government is the largest criminal enterprise on earth."
-rduckwor
 
Posts: 17662 | Location: St. Louis, MO | Registered: April 03, 2009Reply With QuoteReport This Post
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Sanders is such a tool

---------------------------------


Proverbs 27:17 - As iron sharpens iron, so one man sharpens another.
 
Posts: 7751 | Location: Florida | Registered: September 20, 2004Reply With QuoteReport This Post
Get Off My Lawn
Picture of oddball
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Graham stated that there are incentives built into the package that makes it so that certain workers can make more money off of govt. than going back to work, feeling it would slow the economic comeback.



"I’m not going to read Time Magazine, I’m not going to read Newsweek, I’m not going to read any of these magazines; I mean, because they have too much to lose by printing the truth"- Bob Dylan, 1965
 
Posts: 12839 | Location: Texas | Registered: May 13, 2003Reply With QuoteReport This Post
Now in Florida
Picture of ChicagoSigMan
posted Hide Post
I can't wait to see Berkshire Hathaway's next 13F. They've got billions in cash waiting for opportunities like what we saw this month. I would be surprised if they didn't make some huge purchases.
 
Posts: 5678 | Location: FL | Registered: March 09, 2009Reply With QuoteReport This Post
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That little commie fuck, I was wondering what happened.
 
Posts: 11425 | Location: Northwest of the 3rd world shithole known as Denver | Registered: June 18, 2008Reply With QuoteReport This Post
Experienced Slacker
posted Hide Post
I won't be surprised if the dinosaur goes extinct.
Accidentally or otherwise, won't surprise me a bit.
 
Posts: 6354 | Registered: May 12, 2004Reply With QuoteReport This Post
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Picture of porterdog
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quote:
Originally posted by Sig209:
the question is -- is the 'new normal' earnings reality already 'baked into' the market?

Or will we see another major series of drops when earnings season arrives and the earnings reports are abysmal?


My counter question: Which would be more advantageous for those who have the ability to affect market gyrations?

(Hint: Lots of big money that loves volatility)





Is your government serving you?


 
Posts: 1268 | Location: Detroit (Rock City!) | Registered: September 11, 2004Reply With QuoteReport This Post
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posted Hide Post
quote:
Originally posted by porterdog:
quote:
Originally posted by Sig209:
the question is -- is the 'new normal' earnings reality already 'baked into' the market?

Or will we see another major series of drops when earnings season arrives and the earnings reports are abysmal?


My counter question: Which would be more advantageous for those who have the ability to affect market gyrations?

(Hint: Lots of big money that loves volatility)


The stimulus is just going to be a bump in the market, followed by it dropping again from what everyone is telling me. The stimulus looks like it's going to cost businesses in the long run (higher unemployment taxes). Majority businesses are going to have really down quarters most likely through the entire year. Many consumers are either out of a job, or have a huge income loss from this and will be spending their income in the future paying bills they can't pay now. Many many sectors and industries are negatively effected by this AND nobody knows when the financial bleeding is going to end.
 
Posts: 19207 | Registered: June 12, 2005Reply With QuoteReport This Post
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Boo fucking hoo. Shit happens, this is life, bad shit happens, wars, terrorism, plagues, the rise and fall of civilizations. We can work through it and keep moving along, or we can moan like bitches about how we need help from our masters, and how bad shit is.

Take a look at pictures from the great depression, or the men that survived the Batan death march. Think about the men that lived through the civil war, or the people that starved to death trying to reach California, and these are just the tip of the iceberg, throughout history the common trait seems to be great suffering, and even right now we are certainly not suffering. Buy stock, sell stock, make money loose money, I am pretty sure no one reading this will miss many meals. Hug your kids, fuck your wives, enjoy the vacation in your heated, possibly air conditioned home, that has running water and electricity, and get ready to go back to work. Or suck on the .gov tit and bitch about how the rest of us are not taking care of you well enough.
 
Posts: 1492 | Location: Spokane, WA | Registered: June 23, 2008Reply With QuoteReport This Post
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posted Hide Post
lot of green on the board today

curious to see if this 'back to work after Easter' concept works re. the economy

------------------------------------


Proverbs 27:17 - As iron sharpens iron, so one man sharpens another.
 
Posts: 7751 | Location: Florida | Registered: September 20, 2004Reply With QuoteReport This Post
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So thanks to the 1,351 gain in the Dow yesterday, CNBC says we are technically in a bull market. The futures this morning are showing a possible drop of 700 points this morning.

A fellow could get whiplash.


----------------------------------------------------
Dances with Crabgrass
 
Posts: 1829 | Location: Eastern Virginia | Registered: October 12, 2009Reply With QuoteReport This Post
Green grass and
high tides
Picture of old rugged cross
posted Hide Post
A fellow could get whiplash.[/QUOTE]

If only dumb enough to spend time chasing the yoyo. Find something productive to do.



"Practice like you want to play in the game"
 
Posts: 14510 | Registered: September 21, 2005Reply With QuoteReport This Post
Awaits his CUT
of choice
posted Hide Post
I think that we can only expect volatility going forward until the situation stabilizes.

Up one day down the next.
 
Posts: 2552 | Location: York, PA | Registered: May 01, 2001Reply With QuoteReport This Post
Partial dichotomy
posted Hide Post
I'm trying to focus on solid income stocks beaten down by this and offering very attractive yields. Have my eye on OKE today.




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Posts: 34986 | Location: NW Indiana | Registered: November 22, 2002Reply With QuoteReport This Post
LIBERTATEM DEFENDIMUS
Picture of Belgian Blue
posted Hide Post
quote:
Originally posted by 6guns:
I'm trying to focus on solid income stocks beaten down by this and offering very attractive yields. Have my eye on OKE today.


Thats a good one. I was looking at Chesapeake Energy too. It's like 17 cents a share. If it ever gets back to even average price of $30ish, it could be a millionaire maker.
 
Posts: 5147 | Registered: October 18, 2002Reply With QuoteReport This Post
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posted Hide Post
quote:
Originally posted by Belgian Blue:
quote:
Originally posted by 6guns:
I'm trying to focus on solid income stocks beaten down by this and offering very attractive yields. Have my eye on OKE today.


Thats a good one. I was looking at Chesapeake Energy too. It's like 17 cents a share. If it ever gets back to even average price of $30ish, it could be a millionaire maker.


Don't hold your breath.
 
Posts: 1993 | Location: Arkansas | Registered: April 14, 2009Reply With QuoteReport This Post
You don’t fix faith,
River. It fixes you.

Picture of Yanert98
posted Hide Post
quote:
Chesapeake Energy


At this stage they are busting their asses to simply avoid bankruptcy.

I'm already bleeding from trying to catch this falling knife and don't want to loose even more.


----------------------------------
"socialism sounds great. It has always sounded great. And it will probably always continue to sound great. It is only when you go beyond rhetoric, and start looking at hard facts, that socialism turns out to be a big disappointment, if not a disaster." - Thomas Sowell
 
Posts: 2459 | Location: Migrating with the Seasons | Registered: September 26, 2007Reply With QuoteReport This Post
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Yesterday I bought a little Kinder Morgan KMI, since it is finally reasonably valued. This morning I saw a Pundit on the TV saying that some inland oil producers are not currently selling oil - they have to pay someone to take it.

It may not be the bottom in the oil patch.

But I still have a limit order in to buy CVX at $50. It was $52 on 3/19/20 but I just missed it. I suspect my limit order will go off next week even though CVX is trading at $72 this morning.


----------------------------------------------------
Dances with Crabgrass
 
Posts: 1829 | Location: Eastern Virginia | Registered: October 12, 2009Reply With QuoteReport This Post
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Picture of SigSentry
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I don't know much about the stocks but I'm picking up a little more silver (1964 kennedy's). $7.07 per coin didn't seem too bad.
 
Posts: 2427 | Registered: May 30, 2011Reply With QuoteReport This Post
Shit don't
mean shit
posted Hide Post
I've found that the only people making money on silver are those that are involved in actively trading it (not that there's anything wrong with that). Silver has been trading sideways since 2015 or so. I had a few thousand dollars in physical coins, but finally gave up and sold them. YMMV
 
Posts: 4907 | Location: 7400 feet in Conifer CO | Registered: November 14, 2006Reply With QuoteReport This Post
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