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17 April 2020, 09:57 AM | #11 |
"TRF" Member
Join Date: Sep 2009
Location: Canada
Posts: 4,012
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Shorting this Fed manipulated quagmire is gutsy. Markets trading off earnings banked before the $hit hit the fan and companies and analyst blindly projecting earnings from a consumer who hardly bathes these days let alone buys goods other than necessities. Ironically Amazon is up but many of their consumers are broke or jobless or both. Most companies are also priced in with all those tax goodies they received, many goodies will likely have to be clawed back to pay for the new social welfare business bailouts. As one pundit stated it was one thing to have the plunge boys work the markets periodically and minimally, it’s another thing to have the plunge team running the market and news cycle. Fauxdaq where many companies mottos going forward is - we lose money on every sale but make it up on volume.
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