Wat
Dow futures up 700 points
Blake Cox
Other urls found in this thread:
businessinsider.com.au
twitter.com
Jose Sanchez
Did we just discover a vaccine or something
Gabriel Edwards
It's called printing money
Lincoln Ward
WE'RE FUNDAMENTALLY ABSOLUTELY BEYOND A SHADOW OF A DOUBT BACK BULLBROS
Camden James
>over 30 million unemployed
>thousands of small businesses closed that will never reopen
>The feds sending another stimulus check
>unemployment payments boosted $600 by the feds
>still 12-18 months from a vaccine THEN it has to be produced in enough numbers to inoculate 70% of the worlds population
When inflation starts, and it will, its going to be a fucking bitch.
John Ross
Nathan Harris
>When inflation starts, and it will, its going to be a fucking bitch.
Nicholas Perez
Actually google is saying there is some development on a vaccine...
businessinsider.com.au
>The Massachusetts biotech described Monday the immune system responses to the vaccine from this first, small study that was primarily focused on safety. The results dont yet show whether the vaccine would prevent people from being infected with the novel coronavirus.
Evan Thomas
Yeah Moderna leading the rally it seems
Chase Ross
good
bitcoin 10k today then
Isaac Brown
Why do you think it will be inflation? Anecdotally, I went from having like $3000 in the bank a couple months ago to $13,000 this morning, all through stimulus money and unemployment. I'm probably just going to keep sitting on my cash because there's nothing to spend it on. What happens will millions of people do this and no one can sell anything? Doesn't seem like prices will go up
Landon Foster
turns out chink flu really was a nothing burger, just slightly deadlier than a regular flu. people are starting to realize that the facts go against all the (((models))) that predicted millions dead. so, things are going to go back to normal lightning fast starting this week. and market goes up on that sentiment.
Jace Johnson
Don't you get tired of this larp?
Jace Hernandez
Negative interest rates are coming.
Normans will spend all their fucking cash savings in a hurry (on mostly useless shit) once they realize they are paying the bank for holding their cash.
EOY 2020 is when moderately accelerated price inflation will be noticeable to most.
Mid 2021 it will pick up steam.
And from that point on we're off to wherever this leads.
Samuel Roberts
Mooning in anticipation of COVID breaching 100k dead Amerilads this week. A classic case of buy the rumour.
Ethan Perez
Do you actually think the average person is smart enough to save money. They will go buy the newest Jordans and best makeup at Ulta they can now afford
Hudson Price
>market goes up on that sentiment
But what about the other factors? Unemployment, money printer going brrr, businesses being closed since March, small businesses closing for good.
Michael Martinez
And then what? People might buy a few nice things but then they'll either A. Stop buying things because they're running low on cash or B. totally run out of money and not be able to spend anymore. Either way, it seems sellers are going to have to bring prices down.
>negative interest rates are coming
Do you really think the people in charge of all this are dumb enough to hand everyone 300% of their poorfag incomes and then say "gotcha! now you HAVE to take your money out of the bank or you'll have to pay interest on it!"? That would be an instant run on the banks
William White
what larp? infections are bottoming out everywhere. people are ready to start living their lives again.
unemployment is temporary and mostly in the restaurant/service industries. people want to get out again, restaurants/bars will be busier than ever once they open up again.
Charles Barnes
oh and the "money printer go brrrr" thing, yeah that one $1.5 trillion bill was a lot but really in the grand scheme of things is it really that much? we'll absorb that in like a year or two, as long as they don't keep passing more bills (they won't, thanks to the republican held senate)
Ryan Garcia
lol okay I'll bite
Infections are bottoming out according to what?? It hasn't even been two weeks since places started opening up so you can't actually know if redneck dingdongs insisting on indoor church services is causing a spike. South Korea had to close back up again even after opening with social distancing measures.
>unemployment is temporary
hahahahahahahaha
Henry Hughes
>unemployment is temporary
source?
Jose Nguyen
My guess is that this will be the last pump before the second leg down in the S&P which will at least re-test the uptrend channel that was hit with the March 2020 lows.
Might even reach 2000-2100 range but no lower than that.
If this actually plays out, I then see this to be the last "significant" downturn the markets will have made for several decades and we're slowly but surely up to the stratosphere and beyond.
And I mean six digit DJIA & NDX and 5 digit S&P.
>Volume will be a thing of the past
>VIX will be Oil >100$
>equities free float getting smaller and smaller due to buybacks and central banks hoarding programmes
COVID will be forgotten by late summer 2020 because there will be no second wave and people once again will find other things to do and worry about.
All this vaccine anticipation will soon fade as well because it will become apparent that there won't be any profit from this as COVID will simply fade without a vaccine.
Andrew Diaz
>once they realize they are paying the bank for holding their cash.
You realize in countries with negative interest this doesn't apply to normies right?
Personal bank account rates are above reserve rates.
Matthew Scott
>forgotten by late summer 2020
You can't be serious. People can't really think this will all be back to normal in 90 days.
Still, what are the implications? Wouldn't banks encourage people to take their cash out if the bank is having to pay interest on it?
William Collins
>You realize in countries with negative interest this doesn't apply to normies right?
No, untrue.
European normie bank accounts have been at 0% for quite some time now.
Some are already negative in select areas such as Switzerland.
Hysteria will slowly set in when business accounts reach negative territory.
Wyatt Watson
How can that happen when the fundamentals of the US and (especially) Europe are absolutely fucked ?
Wyatt Young
...
Benjamin Murphy
>muh bank run
Negative interest rates ARE coming.
And in some places and some cases are already here and guess what? No bank run.
Jaxon Bell
How do you KNOW that?
No bank run yet is probably because A. it's not in the US and B. it hasn't been widely publicized. I could absolutely see normies running to the bank as soon as CNN starts running headlines about negative interest rates.
Blake Thompson
>You can't be serious. People can't really think this will all be back to normal in 90 days.
I believe that it will, yes.
Not in all places at once but the trajectory will become clear.
>How can that happen when the fundamentals of the US and (especially) Europe are absolutely fucked ?
Fundamentals do not matter anymore.
Money does not go to money heaven.
Debt is ever increasing.
>I could absolutely see normies running to the bank as soon as CNN starts running headlines about negative interest rates.
I forsee normies spending, not hoarding physical legal tender.
And since most transaction where money is being spent in exchange for products is digital already, well... banks won't have to fear muh bankrun
Justin Moore
So, you actually think that all the restaurant workers, mall shop workers, wine and yarn shop workers, music venue employees, musicians and artists, etc. etc. are just going to be back at work like nothing happened, within 90 days? It's almost like you're talking out your ass or something
>normies spending
Reports claim people are saving money at the highest rates in years. This is how I know you're larping.
Thomas Jones
You're either a troll or an idiot, but it doesn't really matter because most people seem to be as stupid as you are, hence the dead cat bounce.
The second crash will hit hard once people like you realize "back to normal" is just a meme.
Nicholas Morales
Fucking hell futures up just went over 800 points, I just dumped extra coin into my binance futures account to raise my BTC short's liquidation price from 10700 to 11000
Oliver Garcia
>So, you actually think that all the restaurant workers,
You might want to look up the term "trajectory."
And also you might want to give "thinking in nuances" at least a try.
>Reports claim people are saving money at the highest rates in years. This is how I know you're larping.
And which time frame are those reports covering?
Could it be the time frame when close to literally fucking everything was shut down and there was little opportunity to spend money besides necessities at all?
Please give that "thinking in nuances" a try!!
Xavier Perry
We have extreme deflationary pressure right now.. in order to get major inflation will require boatloads of cash sent directly to the public.. like 10,000 a month.. or more
Justin Morris
>crash
There has been no "crash" in the first place.