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Stocks drop after Biden releases $1.9T coronavirus relief plan


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Green New Deal Is Bad Deal for All Americans

https://www.americanthinker.com/articles/2018/12/...

Dec 14, 2018 · Green New Deal Is Bad Deal for All Americans By Chris Talgo For close to a decade, the left has looked at a "Green New Deal" as the only solution to supposed man-made climate change.

Five Reasons the Green New Deal Is Worse Than You Thought

https://thebulwark.com/five-reasons-the-green-new...

It is hard to say whether the “Green New Deal” announced last week is the Democratic Party’s suicide note for the 2020 election cycle, or an epic troll that will trap Republicans into a climate policy “compromise” that they don’t really want and won’t really work. Let’s look it …

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^ This...

So many cross currents... so much uncertainty...

News from the dollar strengthening to "protests" planned for state capitols to Covid to Biden's plan...

Add the simple fact that the market is extremely overbought with both the S&P's multiple and percentage above its moving average (take your pick) are setting new records daily.

 

No one of these sent the market up or down...

... but if you are watching you could see a correction is coming.

... and I did.

I bought VIX call options expiring Jan 20 mid-day Thursday and they were up 123% at their peak on Friday before retreating to close up a mere 73%.

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15 minutes ago, Canton Dawg said:

Well, Socialism doesn’t come cheap.

I'll let you know when I see signs of it.

The past two years already established the cost of Corporatism... so we'll have a basis for comparison.

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4 hours ago, Tour2ma said:

I'll let you know when I see signs of it.

The past two years already established the cost of Corporatism... so we'll have a basis for comparison.

oh, stop with the conspiracy theories............lol

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2 hours ago, Tour2ma said:

Hey, look...

New record highs this morning! S&P and NASDAQ!

 

I wonder what's going on?

Here's the DJIA from 2002 until today from the low of 6,500 on 03/09/09 when it was dumped into Obama's lap it has gone straight up. I've never seen that in my 48 years in the stock market.  Nosebleed stuff.  Believe it or not it might go higher.  :o

And it didn't go down or crash since President Joe Biden was elected.  

Just look for yourselves.

Screenshot_2021-01-20_121145.jpg

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When most people think about "the market" they think it's the Dow or Dow 30 or the  or DJIA (all the same thing) it's the key 30 stocks out of thousands that form that index.

The other main two indexes out of many are the S&P 500 and NASDAQ but if you look at all three over time you will notice something of note, 2002-2021 here:

Screenshot_2021-01-20_134231.jpg

Screenshot_2021-01-20_134257.jpg

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10 hours ago, Tour2ma said:

Hey, look...

New record highs this morning! S&P and NASDAQ!

 

I wonder what's going on?

I've read about that stuff, from Yahoo Finance..... interesting article.

Screenshot_2021-01-19_112120.thumb.jpg.f26bea6bfc23043ac46faea23a0d5fc4.jpg

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-0.61 -0.37 -0.16% all very fractional.  I wouldn't even pay attention to that until it was -2 to -3% or higher especially if you're like most people a buy and hold investor.

5%+ either way I'd be thinking about realizing gains or losses.

-10%+ is the beginning of a modest correction again no big deal for buy and hold investors.

-20%+ my idea of a bear 🐻 market slide.....buy time !

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1 hour ago, mjp28 said:

-0.61 -0.37 -0.16% all very fractional.  I wouldn't even pay attention to that until it was -2 to -3% or higher especially if you're like most people a buy and hold investor.

5%+ either way I'd be thinking about realizing gains or losses.

-10%+ is the beginning of a modest correction again no big deal for buy and hold investors.

-20%+ my idea of a bear 🐻 market slide.....buy time !

DH doesn't invest he is just hoping for a drop, no matter how small.

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