Mistakes happen and I'm sure, there wasn't an agenda...in making this one. ;)

Speaking of media reports...

I post this because it is the epitome of terrible taste for any news source. Extremes all over, but this is financial reporting, reporting on US economy

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

Yes, they did. I just came back to add that fact.

While you see some connection between a huge corporation and one pro athlete, I don't, but that's how it goes. I truely back off in even mentioning FOX, no matter how grevious the lies, but this was so terrible and insensitive and insulting.

I applaud the apology.....I totally refute your comparison.

Cool.. :coolsmiley:

There will be no vaccine!

A major economist today sited the SP 500 is 30 x earnings similar to the tech bubble we lived through. Predicts SP 500 not only back to low but will touch 1600. Rationale was every major recession / depression had the same dead cat bounce we just experienced before the long painful recovery.

Tiny little guy named Krugman? The guy who told us the stock market would never recover after you know who was elected?

There is an old thread deep in the archives of the investment forum here. I started it in the last part of 2018. The topic was Stock Buybacks and I asked for opinions.

At the time, I said that I thought the running bull market was an artificial high because corporations were buying back their own stock with money from their corporate tax breaks. Corporate spending on buybacks had exceeded a trillion dollars.

That old bull kept on running through 2019. But, to me, it just did not feel right.

Just think — if corporations would have put more of those tax break dollars to better use — building, employing, improving the business models, there now would be something solid to show for it. Money on paper can be fleeting. All that money spent on stock buybacks? — much of it gone now.

The 2019 market, and most of the 2018 market, were built like a house of cards, propped up by buybacks. Unrestrained greed is bad economics. I do not feel like we will see the market collapse. What I do see the market doing illustrates that old saying, “Paybacks are hell.”

Cassandra Boomer

A lot of prescience in that now closed thread. :thumbup:


Stock Buybacks? Opinions? (invest your time here)


.

The stock market is cold no more
 

New records for the S&P and NASDAQ. The Dow is next.

Dow Industrial
29,100.50 454.84 +1.59%
NASDAQ Composite
12,056.44 116.78 +0.98%
S&P 500
3,580.84 54.19 +1.54%

Well hopefully we are well on the way to recovery.

That's great news for people who have stocks. For the majority of the country, it is just one of those "oh, isn't that nice" pieces of information. Pass the salt.

Actually a majority (about 55%) own stocks either directly, or via mutual funds, or via ETFs, mostly in retirement accounts.