Stimulus package and bank buyback return to give wallstreet a huge boost

[S2007S]

Tomorrow expect more free money as markets surge from not 1 headline, but 2

Banks now allowed to buy back stock and a new almost 1 trillion dollar stimulus package is a call for many record days ahead. Get ready for at least a 2% gigantic day rally tomorrow. Then comes the Santa clause rally. Could be an easy 5% rally into the new year!!!!

Free money.

Send all your Xmas gifts to the fed to thank them for the best wallstreet rally in history of rallies.


https://www.bloomberg.com/news/arti...restart-stock-buybacks-following-stress-tests

 

[Clubber Lang]

I’ll repeat what I’ve been saying here since April.
The Fed IS the market
Once they announced they would buy JUNK BONDS they completely removed any and all fear of ever allowing the market to drop again.
A measly 3% S&P drop is immediately met with talk of another stimulus package, bailout program, or some other free money nonsense.
Cash is trash. Buy ANYTHING as long as your cash isn’t just sitting there being devalued by the day.

 

[Overnight]

Tomorrow expect more free money as markets surge from not 1 headline, but 2

Banks now allowed to buy back stock and a new almost 1 trillion dollar stimulus package is a call for many record days ahead. Get ready for at least a 2% gigantic day rally tomorrow. Then comes the Santa clause rally. Could be an easy 5% rally into the new year!!!!

Maybe, but I will call...

FALSE!


It is really dependent on the push-pull now between the reopening story, vaccine roll-out, and Biden's new tax code. Still smells fishy. Not to mention, Trump is still in office. There is a bit of uncertainty there. One tweet could F this market trend. We've seen it before.