Executive order stimulus signed by President. Let the fun begin

[Nine_Ender]

Everyone knew they were going to push something through just because they had to, can't keep the markets undecided for too long.
And there it is, let's see how well both parties feel about this, they didn't put the $600 enhanced unemployment back in however $400 is damn good considering. $100 of that enhanced is being paid by the state you are in, however they barely have any money to dish out those extra funds so things will be getting interesting. Aside from that student loans also getting in on the action. Seems like these handouts will last for sometime even though I keep hearing unemployment will drop to 7% by end of 2020 and gdp will be back to norm in the next 12-18 months.


Trump signs executive actions after stimulus talks break down on Capitol Hill
By Jeremy Diamond, Nicky Robertson and Kristen Holmes, CNN



Updated 7:12 PM ET, Sat August 8, 2020

https://www.cnn.com/2020/08/08/politics/trump-executive-order-stimulus/index.html

You have cause/effect all messed up in your head again. Nothing about this action is related to stock markets and what "they" want. It's a predictable economy focused action in a world motivated towards positive not negative outcomes. In other words, another event that confuses the hell out of you and gets you talking about conspiracy theories again.

No, the world is not out there to prop up your failing short trades.

 

[DaveV]

Sunday night futures will rally anywhere between 1.5%-2% right at the open, maybe even more.. could have a 3-4% rally by friday....Remember wallstreet got what it wanted once again. The entire week will be one big gigantic rally.

I doubt this is what Wall St wanted. Trump is taking money from other funds, such as disaster relief, that Congress allocated so there will be court challenges and delays. The Payroll Protection Program to help small businesses expired yesterday and there is no further aid for them. No way the states will be able to come up with their 25% of the additional $400 unemployment. No additional $1200 stimulus checks. More importantly, this may signal to Wall St that Trump thinks that Congress is at an impass that cannot be resolved.

 

[apdxyk]

He is exploiting predictability of his opposition. A win for him regardless.

 

[ElCubano]

The market will force their hand this week.

 

[S2007S]

The market will force their hand this week.

Agree. This market will dictate where this stimulus plan goes...

 

[S2007S]

I doubt this is what Wall St wanted. Trump is taking money from other funds, such as disaster relief, that Congress allocated so there will be court challenges and delays. The Payroll Protection Program to help small businesses expired yesterday and there is no further aid for them. No way the states will be able to come up with their 25% of the additional $400 unemployment. No additional $1200 stimulus checks. More importantly, this may signal to Wall St that Trump thinks that Congress is at an impass that cannot be resolved.

The $1200 was literally a guarantee even before any enhanced extra weekly employment was even considered...and the states literally have nothing to give for extra unemployment and thats where it gets interesting. This is weeks of market uncertainty at play right now.

 

[S2007S]

You have cause/effect all messed up in your head again. Nothing about this action is related to stock markets and what "they" want. It's a predictable economy focused action in a world motivated towards positive not negative outcomes. In other words, another event that confuses the hell out of you and gets you talking about conspiracy theories again.

No, the world is not out there to prop up your failing short trades.

So this stimulus bill, the largest and greatest ever in history has no pull or push on the markets?

Righttttttttttt

 

[Nine_Ender]

The market will force their hand this week.

Has nothing at all to do with stock markets. This is all based on the economy and it's impact on people's lives short term. The stock market is looking to next year, the likelihood of an economic recovery, can companies make a profit in that new environment. Huge federal debt doesn't impact on most companies for many years. It might even help them.

It might be time to stop mixing up the economy and stock markets. Surely this year should have taught you this lesson. I see some traders got absolutely destroyed shorting stock markets since March. No surprise the way people are still confusing the economy and stock markets. We now have S2007S suggesting stock markets are requesting this stimulus. No such thing is happening. It's a predictable event based on the economy and the virus.

I suppose one could say if the government just let the economy go to hell and abandoned the American people in their time of need that stock markets would crater. But why would they ? What on earth would be the motivation to do so ? S2007S seems to think there are people out there that should help his shorts along by acting irrationally.

 

[SammyJ]

Has nothing at all to do with stock markets. This is all based on the economy and it's impact on people's lives short term. The stock market is looking to next year, the likelihood of an economic recovery, can companies make a profit in that new environment. Huge federal debt doesn't impact on most companies for many years. It might even help them.

It might be time to stop mixing up the economy and stock markets. Surely this year should have taught you this lesson. I see some traders got absolutely destroyed shorting stock markets since March. No surprise the way people are still confusing the economy and stock markets. We now have S2007S suggesting stock markets are requesting this stimulus. No such thing is happening. It's a predictable event based on the economy and the virus.

I suppose one could say if the government just let the economy go to hell and abandoned the American people in their time of need that stock markets would crater. But why would they ? What on earth would be the motivation to do so ? S2007S seems to think there are people out there that should help his shorts along by acting irrationally.

That's complete Rubbish . You said "the stock mkt's looking out till next yr". If that were the case then why didn't the mkt stay down for 6 months then look out to 2021? Because we're in a damm massive bubble !!!!. Bubble's defy all logic till they don't. Just like the covid. Every Dr on earth said in December it was coming to the US big. The mkt gave 2 craps till they wanted it to matter 3 months later . Something will come out of left field and every scum analyst who helped blow the bubble will shout " I told you this would happen" . Nobody can time when this bubble ends and thats why almost all day traders lose .

 

[Nine_Ender]

That's complete Rubbish . You said "the stock mkt's looking out till next yr". If that were the case then why didn't the mkt stay down for 6 months then look out to 2021? Because we're in a damm massive bubble !!!!. Bubble's defy all logic till they don't. Just like the covid. Every Dr on earth said in December it was coming to the US big. The mkt gave 2 craps till they wanted it to matter 3 months later . Something will come out of left field and every scum analyst who helped blow the bubble will shout " I told you this would happen" . Nobody can time when this bubble ends and thats why almost all day traders lose .

You are lost in bs buddy. It may be correct that YOU can't time it and are frustrated with how badly you've traded this year. I said as much in March BEFORE markets rallied, a warning per say on how the market would likely punish traders with an irrational down side bias on market valuations. Anyone who though US markets were in a bubble in January and that the correction was not entirely due to Covid got their ass handed to them since.

The world doesn't owe you a redo.