S &P 500 just broke through 3700! Highest it's ever been in history!

[JSOP]

The Fed has zero say on government handouts. Fed easing and government handouts are originating in two completely separate entities. One is the administration, the other a central bank. You do realize the difference, no?

When I said fed, I meant the federal government.

 

[JSOP]

3,2,1.... before Trump gets on TV celebrating it.

Or twitter. POTUS' twitter feed has been very quiet lately...

 

[JSOP]

What till we all get UBI, s$p will literally surge hundreds and hundreds of percent, but inflation for some reason will be as quiet as a sleeping bear in hibernation

We still have a whole world of nations slaving for us (before the robotics technology is mature enough to take over) to keep the cost down, of course there is no inflation. Had fun with the Black Friday and the Cyber Monday?

 

[DiceAreCast]

Then you should read up on the Fed mandate. Stable prices is just 1 out of 3 mandates the Fed has. Maximum employment is another one and that is the major reason for the easing.

What till we all get UBI, s$p will literally surge hundreds and hundreds of percent, but inflation for some reason will be as quiet as a sleeping bear in hibernation

 

[Cuddles]

all hail the Biden bump

 

[kashirin]

Then you should read up on the Fed mandate. Stable prices is just 1 out of 3 mandates the Fed has. Maximum employment is another one and that is the major reason for the easing.

Some people still naïve beyond comprehension

Whatever is a law you must remember 2 things

1. Fed is not independent. It has some autonomy at a times but in crisis mode they just follow orders
2. Fed main unofficial mandate is rising asset prices. Their stable price mandate is a joke and their employment mandate is beyond their scope

Another unofficial mandate is they also must ensure dollar is not in danger of losing reserve currency status.

 

[S2007S]

3900 LOL
Should be there by February
#ThanksFed

You forgot the Santa clause rally which should help push that 3900 to January, not February!!!!

 

[Cuddles]

You forgot the Santa clause rally which should help push that 3900 to January, not February!!!!

 

[sysdevel99]

in two completely separate entities. One is the administration, the other a central bank. You do realize the difference, no?

I missed the difference when the former fed chairwomen is soon to be running the treasury and when I see Powell and MNuchin buddying up
https://www.bbc.com/news/world-us-canada-55136504
https://www.cnbc.com/2020/09/24/wat...n-testify-before-the-senate-covid-relief.html
That separation was there for a reason but is now non existent

 

[SunTrader]

The deeeeeeeeep state at work bwahahaha