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It is my sincere desire to provide readers of this site with the best unbiased information available, and a forum where it can be discussed openly, as our Founders intended. But it is not easy nor inexpensive to do so, especially when those who wish to prevent us from making the truth known, attack us without mercy on all fronts on a daily basis. So each time you visit the site, I would ask that you consider the value that you receive and have received from The Burning Platform and the community of which you are a vital part. I can't do it all alone, and I need your help and support to keep it alive. Please consider contributing an amount commensurate to the value that you receive from this site and community, or even by becoming a sustaining supporter through periodic contributions. [Burning Platform LLC - PO Box 1520 Kulpsville, PA 19443] or Paypal
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Great perspective.
The market will continue to lure in sheep, while real traders and robots decimate what is left of their meager savings. You can gamble, maybe get lucky, but the value is declining daily.
The bottom will take much longer than most people understand, this is not just another 2000 or 2008, it is more like a 1929, which was followed by WWII.
That was the only way the politician could escape the grasp of the bankers – who lived like kings, while the rest of humanity suffered.
Seriously, when are we going to see crowds of people, stringing up bankers,
do you need more suffering?
Do you not see that the only thing a banker can provide, is suffering?
he engages in usary as a business model, he crashes markets, he then buys up the world, leaving crumbs for you.
and then attempts to re-engage his insidious ways with a new generation of useful sheep.
I wonder how this will affect my trust funder son in law and his family. The family owns a REIT and they just finished a 50 acre development in the city of Richmond on the river.
Looks like the bottom to me. Two trillion on the way. 3/26 -Dow 22,552, tesla 528, fedex 125. 3/31 -Dow 21,917 tesla 524, fedex 121. 4/2 -Dow 21,413 tesla 454, fedex 116. 4/6 -Dow 22,679, tesla 516, fedex 119.
I’m sure you called the 32% decline too.
Good call. Market up 850 points pre-market and finishes down 26. All is well. Put your life savings in Tesla. It’s a can’t miss with gasoline under $2.00 per gallon. LOL.
Can you think outside of a time frame of 48 hours? Trump signed up for the two trillion dollars on March 27th. That ended the market dive. look at the back and forth on the numbers I provided. As we open the country back up, that two trillion will re-inflate the market, just as it was designed to do. Free money on the table once again, boys. Tesla does suck, huh? If you had bought at the bottom in June, you would still be up over 150%. Great company.
Your time frame of two weeks is much better. Your knowledge of history is found wanting once again. If spending $2 trillion is going to save the world, why not spend $10 trillion or $20 trillion. Why have taxes if we can just issue debt to pay for whatever we desire and pump the markets to 100,000 so we are all rich. Your grasp of finances boggles the mind. I bow down to your brilliance and wisdom.
What does this have to do with my knowledge of history? I don’t set out to make money based on my political beliefs. I set out to make money because it’s fun and easy and because it beats the hell out of not making money. I haven’t said one word on whether I agree with printing two trillion dollars. They don’t care about my opinion, they did it anyway. But it’s going to have some major and easily predictable results on the stock market. And anybody who relies on that to make money would be stupid not to take advantage of it.
Jim, when I was younger I used to make a lot of money betting football. I used exactly the same skillset. I didn’t have any internal need to bet. Most weeks I didn’t bet. I just waited until free money was on the table, and pounded it when it was. Most years I probably made a half a dozen bets. And cleaned up. If I did stocks, I would do exactly the same thing. Extreme volatility, which is what we have right now, is where big money gets made. Reading this right is not hard. Printing two trillion will damn sure move the markets. Whether or not we approve. Watch.
I will gamble with you star, i take the short on your future rose colored glasses. Bet on. As in rocky, “you will lose”. Citing your 8th grade football betting prowess did not impress me much said Shania Twain….
Fed pumped trillions into the market between September and March. Market still plunged 32% in two weeks. Your analysis is found wanting once again.
The trillion in repo markets was a drop of water in the ocean. Go learn about the actual 120t derivatives mkt and get back to me, lest not forget trump and the fed reduced the reserve requirement for banks to nothing….there is freaking nothing in reserve and fdic has 8% reserves….yeah 2t fixed a 80t dollar problem. Wow are you even smart?
You are insane. They have less than 14 days operating capital. Capital inflows come from govt subsidies and hedge funds doubling down to try and keep them afloat so they dont lose their asses….they cant even produce a viable number of cars each week and the demand is all but dead until gas hits $4 a gallon and then only socialists making virtue statements want them. Any capitalist worth salt drives more than the range of any tesla provides in a day….
Bottom of the first cascade in a cascading failure…..there are 2-3 more cascades bro
Reits will remain illiquid for a decade and the value will plummet depending on the type of asset….
Who said anything about REITS? This is like arguing with children. I bring up one specific thing, and everybody turns it in their own personal little fucking pet peeve. I put three things on the table. One of us is going to look stupid in a couple months. It won’t be me
So have you put your money where your mouth is? What are you buying, so we can get rich too?
No, I don’t do it. But I would be good at it if I did. My life is changed a bit, I’ve been on 10-hour days for the last couple of years. When I get a little break, I’ll write you a nice story about what I do for money. It’s a better gig, and I have lots of control
Tesla Furloughs Majority Of Workers, Cuts Employee Pay Through The End Of Q2
https://www.zerohedge.com/technology/tesla-furloughs-majority-workers-cuts-employee-pay-through-end-q2
Hey Guys: This ain’t no “dead cat bounce”…
More recently referred to as the horrid specter of an “L-shaped” recovery.
In the next 9-10 trading sessions if the DOW achieves 27,000+ or there abouts
the phrase “Market Correction!” will be liberally bandied far and wide from the WH.
The lower middle class as well as every level of service worker will slog back to
the grind.
Trump gets out of it again. Still his to win in Nov.
The public is already inoculated against the 15%+ unemployment number coming next month.
Ag, do you mean this lockdown is nothing but a preemptive blow to the economy that can be conveniently blamed on nature?
Then Trump & Cronies can claim the old military excuse – overcome by events, OBE – and sound like Bushy saying, “we’re working hard”.
To paraphrase: “You fight with the pandemic you have.”
First EC, it’s “lockdowns” not lockdown. 45 of the 50 State Governors have taken these actions.
I have a subscription to a paywalled sight by way of Garynorth.com. Fair use thus:
“If the death rate is 50,000, Trump could be in political trouble. This would indicate that he and the government overreacted. But if it is in the range of 80,000 deaths, then it is certain that Trump will take credit for this. ”
And this: https://covid19.healthdata.org/united-states-of-america
The second graph gets right to the point
You deserve more thumbs up than that, Aggie. Nice paraphrase. My waking thought today was the line: For want of a nail, the horse was lost…
Funny that they are projecting 82,000 deaths and backpedaling on the hospital overload story. Anticipatory set for the next lesson, no doubt.
Reminds me of an old movie scene where the Asian dude is put in charge of supplies. He keeps popping up like Cato Fong, supplies!
The dow must hit or test the 14,000 handle at least before it finds a bottom…..mark my words, again