Market rallying on relief bill. More hype to rally markets to infinity!!!!

[S2007S]

Reason for today's rally was talk on a relief bill that will 999999% pass sooner than later. It will not include any free $1200 bucks but what it will do is extend that unemployment benefit for many many many more months even though the unemployment rate is now at 6.7% which is still considered historically low. The extension of benefits and other free handouts will boost markets even higher. The catalyst after that is anyone's guess. Most likely it will be the continued free fed handouts into 2021 and beyond.

https://www.cnbc.com/2020/12/15/cor...e-pelosi-moves-to-meet-about-relief-bill.html

 

[formikatrading]

Reason for today's rally was that it was very bullish seasonally.

 

[Overnight]

Reason for today's rally was talk on a relief bill that will 999999% pass sooner than later. It will not include any free $1200 bucks but what it will do is extend that unemployment benefit for many many many more months even though the unemployment rate is now at 6.7% which is still considered historically low. The extension of benefits and other free handouts will boost markets even higher. The catalyst after that is anyone's guess. Most likely it will be the continued free fed handouts into 2021 and beyond.

https://www.cnbc.com/2020/12/15/cor...e-pelosi-moves-to-meet-about-relief-bill.html

FALSE! Take her down 10% from the EOY profiteers.

 

[JSOP]

Reason for today's rally was talk on a relief bill that will 999999% pass sooner than later. It will not include any free $1200 bucks but what it will do is extend that unemployment benefit for many many many more months even though the unemployment rate is now at 6.7% which is still considered historically low. The extension of benefits and other free handouts will boost markets even higher. The catalyst after that is anyone's guess. Most likely it will be the continued free fed handouts into 2021 and beyond.

https://www.cnbc.com/2020/12/15/cor...e-pelosi-moves-to-meet-about-relief-bill.html

Yup they really want people to work instead of opening accounts at RobinHood to play the stock market.

 

[R123]

Yup they really want people to work instead of opening accounts at RobinHood to play the stock market.

Exactly right. Tons of folks trapped at home bored with Netflix are trying trading, probably 99% long. This will end badly. Then will have a cry out for a relief bill for newbie traders losses.

 

[JSOP]

Exactly right. Tons of folks trapped at home bored with Netflix are trying trading, probably 99% long. This will end badly. Then will have a cry out for a relief bill for newbie traders losses.

Well going long is right. We are not going to be stuck in this pandemic forever. Eventually the economy will recover one way or another. No point missing this rally. And if everybody is long then there is no "ending badly" for the market.

 

[Relentless]

... And if everybody is long then there is no "ending badly" for the market...

Can't make this shit up...

 

[JSOP]

Can't make this shit up...

C'mon, buy, buy, BUY!!! What are you waiting for?? The market is counting on you...

 

[maxinger]

FALSE! There was no hype to rally markets
to infinity !!!


Yesterday there was absolutely nothing special.
There was no massive rally.
YM was up 400 points only.
Past few weeks, the YM day range was
between 300 to 500 points.

Also, yesterday day range was
relatively small compare with the rally on 9 Nov 2020 where
the range was 1700 points!.

 

[S2007S]

FALSE! There was no hype to rally markets
to infinity !!!


Yesterday there was absolutely nothing special.
There was no massive rally.
YM was up 400 points only.
Past few weeks, the YM day range was
between 300 to 500 points.

Also, yesterday day range was
relatively small compare with the rally on 9 Nov 2020 where
the range was 1700 points!.

Nasdaq .making consistent highs every single day and now the Russell 2000 is literally printing everyone money as that index is up over 20% in only a single month!!!!!!!

Stocks are showing absolutely no sign of giving up.