I spoke with someone in February well before selloff, we were talking and they had told me they sold when dow was 25,000, I said wow, at the time everyone was calling for 30,000, long story short the dow tanked below 19,000, so with some patience you can sell at the next historical high maybe a tad above, park it in cash and wait for that nice 20% drop to put it back to work. I haven't spoken to them since February, but I'm wondering if they ever bought back the equities they sold at dow 25,000 at maybe dow 22000 ...
Stick a fork in additional stimulus .
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I spoke with someone in February well before selloff, we were talking and they had told me they sold when dow was 25,000, I said wow, at the time everyone was calling for 30,000, long story short the dow tanked below 19,000, so with some patience you can sell at the next historical high maybe a tad above, park it in cash and wait for that nice 20% drop to put it back to work. I haven't spoken to them since February, but I'm wondering if they ever bought back the equities they sold at dow 25,000 at maybe dow 22000 ...
Doesn’t the additional $600 a week last until 31st July?
I agree the day will come of devastation . But nobody will sell as they see gains forever . If and its a big if we go down and take out march lows we'll stay down for yrs and thats when the real devastation starts . This is far from over .
The one thing I would say, the more people think like this - the more likely it will keep going i.e. if everyone expects a crash, it will def surge far higher.
Their former jobs may not exist on July 31.
It's considered unemployment fraud if you take UI payments and also work. Many people are about to get a rude awakening.
Despite the removal of work search requirements I'm not aware of any state that will allow you to deny a job that pays reasonably close to what you made before if you are collecting assistance.
Payrolls are up but real unemployment and permanent job loss are still sky high. The money printers are still going. QEternity anyone?
Because if you were offered your old job back and you refused you are no longer eligible to collect unemployment benefits by law. In fact, many States will make you pay back your benefits already paid out if that's the case. 
Many States were asking employers to report workers who were furloughed and refused their old jobs back. And of course nearly all employers were happy to do so, since they'd rather pay for a worker to work on a job than to copay unemployment benefits for some slacker to jerk off to PornHub all day.
Many States were asking employers to report workers who were furloughed and refused their old jobs back. And of course nearly all employers were happy to do so, since they'd rather pay for a worker to work on a job than to copay unemployment benefits for some slacker to jerk off to PornHub all day. Because if you were offered your old job back and you refused you are no longer eligible to collect unemployment benefits by law. In fact, many States will make you pay back your benefits already paid out if that's the case.
Thanks for the information for the international members of this site.
Yes, the bloodsuckers, sure...
https://www.bloomberg.com/news/arti...ask-congress-for-additional-economic-stimulus
Trump Says He’ll Ask Congress for Additional Economic Stimulus
President Donald Trump said he’ll ask Congress to pass more economic stimulus, including a payroll tax cut, even after the government reported a surprise improvement in U.S. unemployment on Friday.
“We’ll be going for a payroll tax cut,” Trump said in remarks at the White House to celebrate the jobs report. “It’s going to be a tremendous incentive for businesses. We’ll be asking for additional stimulus money.”