[dewilson58]

30,000 Dow
3,600 S&P
12,000 Nas


Thank God it fell of it's rails.


Now we need to make these numbers into floors, not ceilings.

[rustyp]

Originally Posted by dewilson58

30,000 Dow
3,600 S&P
12,000 Nas


Thank God it fell of it's rails.


Now we need to make these numbers into floors, not ceilings.

Wonderful. Lots to be thankful for like not having to sit in 5 hour plus lines for food pantry handouts so we can celebrate on Thursday our record breaking economy.

[Chi-Town]

Kinda puts the fear to rest for now about a new administration. Janet Yellen as the new Treasury Secretary is a plus factor for the market.

[graciegirl]

Originally Posted by Chi-Town

Kinda puts the fear to rest for now about a new administration. Janet Yellen as the new Treasury Secretary is a plus factor for the market.

I was thinking that the news of the first Covid-19 vaccinations arriving as early as December influenced the stock market.

I never once thought it was anything else.

[Topspinmo]

sell now before the insider traders sell off causing drop as it been done 100s of times.

[Chi-Town]

Originally Posted by graciegirl

I was thinking that the news of the first Covid-19 vaccinations arriving as early as December influenced the stock market.

I never once thought it was anything else.

The vaccine is a big boost but not the only one.

Stocks soar as Biden zeros in on Yellen as Treasury secretary | Fox Business

[Stu from NYC]

One would hope that once the virus is under control and the economy back to normal the govt will stop running huge deficits by getting the budget under control and while they are at it bring social security back to a firm footing.

Of course I also believe in the tooth fairy and Santa.

[DAVES]

Originally Posted by Stu from NYC

One would hope that once the virus is under control and the economy back to normal the govt will stop running huge deficits by getting the budget under control and while they are at it bring social security back to a firm footing.

Of course I also believe in the tooth fairy and Santa.

My view. The virus-we all tend to focus on one issue. If, the virus is brought under control by sold as miracles with no side effects vaccines, we will find other issues, see other issues.
Back to normal? That is a language a communication problem. Things never go back to normal. Normal itself, what is normal? We will, we always do create a new normal.
Deficits? Deficits have become the new normal. Our economy, interest rates are controlled by our government. It was not that long ago that a ten year treasury would pay 2% above the rate of inflation oh and not important in Florida, it was it is free of state and local taxes. Interesting and amusing to me the Fed which issues the bonds still take their full bite out of returns. I read a while ago that social security holds 40% of the national debt. As far as the rate of inflation the CPI consumer price index recently was calculated at 3.7%.
What to do? As I am not a professional or an advisor, I can state the truth-beats me.

[Bucco]

Originally Posted by DAVES

My view. The virus-we all tend to focus on one issue. If, the virus is brought under control by sold as miracles with no side effects vaccines, we will find other issues, see other issues.
Back to normal? That is a language a communication problem. Things never go back to normal. Normal itself, what is normal? We will, we always do create a new normal.
Deficits? Deficits have become the new normal. Our economy, interest rates are controlled by our government. It was not that long ago that a ten year treasury would pay 2% above the rate of inflation oh and not important in Florida, it was it is free of state and local taxes. Interesting and amusing to me the Fed which issues the bonds still take their full bite out of returns. I read a while ago that social security holds 40% of the national debt. As far as the rate of inflation the CPI consumer price index recently was calculated at 3.7%.
What to do? As I am not a professional or an advisor, I can state the truth-beats me.

Thanks for mentioning the deficits, which have simply skyrocketed.

I have beat that drum for a few years now, and it has gotten me lots of rude comments.

It will be with a few generations, and we can say we witnessed the explosion and never even cared

[PugMom]

Originally Posted by Kenswing

Just like Drew Brees, they apologized. So it must be okay now..

Fox News apologizes for on-air graphic showing market reaction to violence against black men

it's not the same network anymore. they've done their best & are now included in the msm

[PugMom]

Originally Posted by oldtimes

The problem is never that simple. There are many college grads who are making minimum wage right now. Due to the pandemic there are also far more people with no income at all right now through no fault of their own. However, raising the minimum wage is also going to raise prices and eliminate jobs and cause more businesses to fail. It is a very complex problem. Also paying someone 15.00 an hour in NYC is a lot different than paying someone 15.00 an hour in Mississippi. I am not in favor of one size fits all solutions.

agreed. this was tried in Ct., & all it did was kill jobs & severely restrict whichever ones were left. it SOUNDS good, but doesn't work

[Bay Kid]

Originally Posted by Bucco

Thanks for mentioning the deficits, which have simply skyrocketed.

I have beat that drum for a few years now, and it has gotten me lots of rude comments.

It will be with a few generations, and we can say we witnessed the explosion and never even cared

Just look at all the money we are giving to foreign countries in the relief bill. This is all money that we are borrowing. It is like someone wants to destroy our economy.

[PugMom]

very good thread. so many opinions & ideas, lots of good info.

[Bucco]

Originally Posted by Bay Kid

Just look at all the money we are giving to foreign countries in the relief bill. This is all money that we are borrowing. It is like someone wants to destroy our economy.

Not nessarily the problem. Do not listen to the loudest voices. This is not the problem. ONE PERCENT !

"Foreign aid is money, technical assistance, and commodities that the United States provides to other countries in support of a common interest of the U.S. and that country. Opinion polls consistently report that Americans believe foreign aid is about 25% of the federal budget, when it is actually less than 1%. As the world’s wealthiest nation, the U.S. provides more assistance than any other country, but a smaller proportion of its gross national product (GNP) than other wealthy nations. Historically, support for foreign aid has been bipartisan."

What every American should know about US foreign aid

[biker1]

Not really. The SS trust fund is about $2.9B (funds collected in excess of benefits paid plus earnings) and the national debt is about $23B. That is about 12%.

Originally Posted by DAVES

I read a while ago that social security holds 40% of the national debt.