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The NP's Official USA Political Thread

Located in The Break Room, started by lennco, Jul 20, 2012

Replies:
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Who is to Blame for the Troubled US Economy?

  1. Both Parties

    191 votes
    47.0%
  2. Neither Party

    37 votes
    9.1%
  3. Democrats

    81 votes
    20.0%
  4. Republicans

    97 votes
    23.9%
Total: 406 vote(s)
  1. lennco

    lennco Top Contributor VIP ★★★★★★★★★★

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    Futures are now up +400 points

    (Bloomberg) -- Asian stocks pared losses following the worst Wall Street session since 1987, as U.S. futures pushed higher. Still, most benchmarks remained in the red, with investors spooked that emergency fiscal and monetary packages won’t be enough to stave off a recession.

    S&P 500 contracts reversed losses of as much as 3% and climbed over 2%, while futures in the U.K. saw strong gains. Losses in Japan and South Korea eased, and Australian stocks rose. Global equities are still heading for their worst week since 2008 as investors price in a severely weaker outlook due to the impact of the coronavirus pandemic. The U.S. benchmark lost 9.5% on Thursday.

    Treasury yields fluctuated, while bonds in Australia and Japan declined, as investors rushed to raise cash. The won and rupiah sank while India’s rupee fell to a record low versus the dollar.

    Investors are doubting the efficacy of policy responses as coronavirus cases continue to grow across the world and restrictions on people and businesses crush sentiment. The Bank of Japan on Friday followed an earlier move from the Federal Reserve to inject liquidity, and later offered to buy $1.9 billion of bonds in an unscheduled operation.

    The Bank of Korea said it is closely monitoring bond markets and will take action if it deems it needed and Indonesia announced a second fiscal stimulus package of $1.55 billion, while the European Central Bank eased capital constraints and boosted liquidity on Thursday.

    These are some of the most notable moves:

    The Hang Seng Volatility Index surged 29%, has more than doubled this week.The MSCI All-Country World Index extended losses to enter bear-market territory and is now down 24% this year.The JPMorgan G7 Volatility Index of currencies is up 55% this week.The cost of insuring debt issued by Europe’s investment grade companies surged to the highest since 2016.Bitcoin plunged below $5,000.

    “Everyone wants to go to cash,” Kieran Calder, head of equity research for Asia at Union Bancaire Privee, told Bloomberg TV.
     
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  2. lennco

    lennco Top Contributor VIP ★★★★★★★★★★

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    Should be another wild day in the markets. Futures were up over +700 points a few minutes ago.
    About a 1400 point swing.

    See you guys in the morning :xf.grin:
     
  3. Samer

    Samer Top Contributor VIP Blue Account

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    i hate to say it

    but when you said futures were down

    DJIA went 1400 or 2000 down next day.
     
    Last edited: Mar 13, 2020
  4. Samer

    Samer Top Contributor VIP Blue Account

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    I tend to believe you. hoping for +2000 swing.

    i like this lennco. the one bearing good news,
    not doomgloom market.hope start nice streak..

    we’ve been “overdue” recession 4 years now?
     
    Last edited: Mar 13, 2020
  5. .X.

    .X. In God I Trust VIP ★★★★★★★★★★

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    I had lunch with a financial advisor yesterday, he told me, do not let your money go, hang on to it, there was selling-selling-selling Thursday, very little buying though. I decided to get a second opinion, i was told the same thing, to keep the money i have and hold and he said this isn't over yet, he said projections show a level out and then another drop. I am holding my cash.
     
  6. Domainace

    Domainace Top Contributor VIP ★★★★★★★★★★

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    Good. In 36 years you have learned the difference between a correction and a crash. My bad, careless with words.

    On the other hand, your reading comprehension sucks. I said "there are always rallies in crashes." And you interpreted that as "there are always crashes."

    You either know what you are talking about or you don't. Millions of Americans have traded stocks for as long as you. Not many are rich from it, though the markets have been very favorable for almost all that time. Some guys have been f*cking for 36 years, and still can't do it properly. Though they all think they are good at it.
     
    Last edited: Mar 13, 2020
  7. mr-x

    mr-x Top Contributor VIP ★★★★★★★★★★

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  8. GILSAN

    GILSAN Top Contributor VIP ★★★★★★★★★★

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    Crackpot Democrat Ayanna Pressley Accuses Republicans of Spreading Racism by Saying “Chinese Coronavirus” and Hurting Chinese Restaurants (VIDEO)

    Ayanna Pressley is giving Mad Maxine a run for her money.

    The Massachusetts Democrat lashed out at “racist” and “zenophobic” Republicans for using the accurate term the “Chinese coronavirus.”
    She followed that up that stupid statement by blaming Republicans for people avoiding Chinese restaurants in her district.
    What an dope.

    And she made the comments during a hearing!
    This is today’s Democrat Party.


    Rep. Ayanna Pressley: “Since the beginning of the #COVID19 outbreak, we have seen not only the spreading of the virus, but also a rapid spreading of racism and xenophobia. We have witnessed it in fact at the highest levels of the Republican Party fanning irresponsibly these flames. One colleague tweeted quote “Everything you need to know about the Chinese CoronaVirus.” My district is home to nearly 32% foreign born residents with more than a quarter immigrating from Asia.

    This painful rhetoric has consequences. Restaurants across Boston’s China town have seen up to an 80% drop in business. And I believe this has to do with the rapid spread of misinformation and paranoia. It is critical that we stand against these inciteful messages.


    https://www.thegatewaypundit.com/20...avirus-and-hurting-chinese-restaurants-video/

    - So...She's a DEM elected by a VERY large majority of DEMs in Boston.
    - Is she saying that her DEM constituents blindly listen to REP tweets?
    - Is the 80% drop of Chinese restaurants due to REPs racism? How can that be? There isn't an 80% majority of REPs in Boston?
    - Could it be that she's seeing the racism of DEMs in Boston---much like the racism and sexism they've seen in their own DEM party--those that didn't vote for Booker or Yang or Harris or Klobuchar or Warren or Castro to prove their non-racist bonafides??
    - Is she saying that only REPs were patrons of Chinese restaurants to begin with?---which would be the only way she could blame REPs AND claim that there was an 80% drop in patronization of Chinese restaurants... and that would only show that DEMs were such racists that they didn't patronize Chinese restaurants BEFORE the Coronavirus.
    -
    It would be nice if people would actually take a minute to THINK about what these hypocrites are actually saying....

    [​IMG]
     
    Last edited: Mar 13, 2020
  9. mr-x

    mr-x Top Contributor VIP ★★★★★★★★★★

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    Why are the cute ones always nuts. :xf.grin:
     
    Last edited: Mar 13, 2020
  10. lennco

    lennco Top Contributor VIP ★★★★★★★★★★

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    "You either know what you are talking about or you don't" <Right back at ya

    Lets talk about what you said "there are always rallies in crashes"

    When you replied to me you knew I was speaking of the market as a whole when I called it a crash.
    You even cited 1929 so you too I ass{u}me were speaking about the market as a whole as well.

    So I replied to you speaking of the market as a whole not as individual securities.

    Yes rallies are way more common then crashes. Whenever the market turns up from any kind of a downturn it is a rally. But like I said a downturn and a correction is not a crash.

    You put the two together as if they were always linked together. They are not.

    As I said Crashes are very Rare unless you are talking about individual securities which can happen more often.

    You can usually find some kind of a rally everyday somewhere if we are talking about individual securities and/or sectors even in a bad market you can find one somewhere.

    Now about my time trading. I have known brokers who have been in the markets for decades yet they are not rich. Just because one can trade for decades and they are not rich doesn't mean they do not know what they are doing. Many play it very safe, some take a lot of chances.

    Nobody has a crystal ball. If you have one please tell me where you got it so I can get one.

    I have made lots of money and I have lost lots of money.
    I took a bath with the 2008/9 crash so I have been playing it a lot more safe since then.

    The mid 2000s was very good. My best day I made $17k I use to do a lot more day trading. That can be very risky. You can really lose your ass day trading. And always remember the 30 day wash rule.
    I try to stay away from day trading these days and I just go long in stocks.

    And today is another wild day as I said it would be. The Dow has already swung from a high of up +1300 to only up +200 right now.
    Lets see if they try and paint the tape at the end of the day like they did the last two Friday's.
     
  11. lennco

    lennco Top Contributor VIP ★★★★★★★★★★

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    I was wondering that myself

    [​IMG]
     
  12. mr-x

    mr-x Top Contributor VIP ★★★★★★★★★★

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    Good news for America:

    The University of Michigan’s index of consumer sentiment fell by 5 percent to 95.9 in early March. Economists had predicted a steeper decline to 95.

    For context, that is lower than the high of 101 hit in February but above where sentiment stood just last October.
     
  13. mr-x

    mr-x Top Contributor VIP ★★★★★★★★★★

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    Biggest factors for death by Wuhan flu are:

    Smoking + >60 years old + pollution.

    80%+ people experience mild symptoms. ( probably higher in USA )

    New test allows same day results.
     
  14. .X.

    .X. In God I Trust VIP ★★★★★★★★★★

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    President Trump is getting ready to call a national emergency .


    Doctors are reporting people who have gotten completely well after having the COVID-19 are showing a 20 to 30% loss in lung function.

    on my phone, but go to yahoo to see the above
     
  15. mr-x

    mr-x Top Contributor VIP ★★★★★★★★★★

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    This is an impossible number to know. Highly doubtful this applies to healthy people who recovered.
     
  16. GILSAN

    GILSAN Top Contributor VIP ★★★★★★★★★★

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    The world is sick... sick and tired of all these viruses coming from China, thanks to their horrible, unhygienic and disgusting eating habits.
    [​IMG]

    Just like over 50 years ago Mao Tse Tung enforced a 1 child policy for every couple, to slow down their population explosion at the time, so too should Xi Jinping enforce a total ban on eating, bats, snakes, dogs, cats, bears, shark fins and dozens of species of wild animals, many of which are close to extinction thanks to their cultural culinary habits.

    China’s government placed a temporary ban of the wildlife trade. That is NOT enough. It must be a permanent ban.

    The Chinese government allows 54 wild species to be bred on farms and sold for consumption, including minks, ostriches, hamsters, snapping turtles, and Siamese crocodiles. Many wild animals, such as snakes and birds of prey, are poached and brought to state-licensed farms.

    [​IMG]
    Here we see caged Civet cats for sale at a market in southern China, at the height of the SARS epidemic. It's believed that Civets transmitted the SARS virus to people. Today, civet soup remains a delicacy for some in China.
    upload_2020-3-13_16-15-53.jpeg

    And I haven't even started talking about the millions of Elephants, Rhinos, Tigers and other wild African Wild animals being poached to satisfy strange Chinese cultural habits.
     
  17. mr-x

    mr-x Top Contributor VIP ★★★★★★★★★★

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  18. .X.

    .X. In God I Trust VIP ★★★★★★★★★★

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    I think it is Chinese propaganda, they said Chinese doctors in China are reporting that,
     
  19. GILSAN

    GILSAN Top Contributor VIP ★★★★★★★★★★

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    What does "Paint the Tape" mean?
     
  20. .X.

    .X. In God I Trust VIP ★★★★★★★★★★

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    here is what gets me, they have been eating these wild animals , just as every country eats sorts of game meat, none of the meat they eat is new, they have been eating it for 200 years, then the Chinese come out immediately that it was a bat, two days later it was a cobra snake, two days later it was some animal that is almost extinct.
     
  21. lennco

    lennco Top Contributor VIP ★★★★★★★★★★

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    It means market manipulation.

    An illegal practice that traders like to say when market or a security goes up right before the end of the day and it looks suspicious as if it was manipulated.

    I shouldn't say down when "painting" usually means up. but you can paint red as well as green.

    Usually the sign is heavier volume at the end.
     
    Last edited: Mar 13, 2020
  22. .X.

    .X. In God I Trust VIP ★★★★★★★★★★

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    Something a person brought to my attention that I think is very interesting.

    remember when Kim jung-Un sent a message about having a Christmas present for the United States?????????
     
  23. mr-x

    mr-x Top Contributor VIP ★★★★★★★★★★

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  24. lennco

    lennco Top Contributor VIP ★★★★★★★★★★

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    The one thing that makes me concerned is that NK says they have no covid 19 cases and no deaths.

    You know that is the biggest lie in the word today and I hate to think of the horror the way NK maybe treating the sick :xf.frown:
     
    Last edited: Mar 13, 2020
  25. lennco

    lennco Top Contributor VIP ★★★★★★★★★★

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    So you are posting fake news from a satire website as actual news?

    What do you call that? Oh yea, a LIE!
     

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