Banks are in a tough spot. They can't write new loans due to increase unemployment, they still have to refi existent loans on their current portfolio, it will put a dent on interest income. Also, all big banks JPM/WFC/BAC/C/USB has to raise reverse for future loan defaults.
What would be the price tag for tomorrow (Thursday) which is now a weekly bailout?
Mnuchin/Jerome have to triple down on PPP (Universal Basic Income), they need to throw a backdoor bailout at banks to stop the financial bloodbath.
What would be the price tag for tomorrow (Thursday) which is now a weekly bailout?
Mnuchin/Jerome have to triple down on PPP (Universal Basic Income), they need to throw a backdoor bailout at banks to stop the financial bloodbath.
https://www.youtube.com/watch?time_continue=5&v=Tb2pXXUSzmI&feature=emb_title
His theories make a lot of sense. The current bailout is being peddled as helping the little guy but it is really to help Wall Street. I agree let them fail...and some one will come in and replace these corporations. You let companies use their revenues to buyback stock and pay bonus money....now we are supposed to bail you out. Big joke.
I think Jack Welch was one of the first that managed his company more from a standpoint of how to make the stock to go up....not by what was maybe the best thing for the company. Today executives across the country use the same rationale. It is about the $$$. If you spent your money on buybacks and bonus money. You had your day at the top and fucked it up. See Ya!!
His theories make a lot of sense. The current bailout is being peddled as helping the little guy but it is really to help Wall Street. I agree let them fail...and some one will come in and replace these corporations. You let companies use their revenues to buyback stock and pay bonus money....now we are supposed to bail you out. Big joke.
I think Jack Welch was one of the first that managed his company more from a standpoint of how to make the stock to go up....not by what was maybe the best thing for the company. Today executives across the country use the same rationale. It is about the $$$. If you spent your money on buybacks and bonus money. You had your day at the top and fucked it up. See Ya!!
https://www.cnbc.com/2020/04/16/gil...ug-trial-shows-encouraging-early-results.html
Could be a game changer
Could be a game changer
https://www.zerohedge.com/health/gi...oaring-anecdotal-reports-no-statistical-power
One of the better pumps I've seen, doubt SEC cares.
Think we're getting pretty close to a near term top.
The market rips higher. We haven't seen a big Friday rally for almost a month, that is a positive for the market. I don't know if the bulls can regain the high this year but it's likely the lows are already in. The last negative headlines batch could come later this month...GDP/Payroll...etc so we might run into some baby bears along the way. The Treasury/the Fed will pull out all stops to prevent economy to fall in abyss.
a CLOSE above $2882 on the ES and probability is for higher highs on this spectacular rise off the lows
loss of 2854, may want to come and back test 2800
ES reclaimed her 50 sma during the open futures market, however ..cash hours may write a dfferent tale. Certainly there will be some profit taking today.
OIL? STONE COLD CARNAGE
aapl downgraded on future sales.
loss of 2854, may want to come and back test 2800
ES reclaimed her 50 sma during the open futures market, however ..cash hours may write a dfferent tale. Certainly there will be some profit taking today.
OIL? STONE COLD CARNAGE
aapl downgraded on future sales.
