Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
IT'S OVER FOLKS!!!!!!!!!!!!!! GOBAL TURD DUMP HAS STARTED!!!!!!!!!!!!!!!!!!!!!111 MUHAHAHAHAHHA!!!!!!!!!!!!!!!!!!!!!
METAVERSE WILL RISE AND SHINE SEII
This year is the metaverse gold rush brother SEii
IF YOU'RE YOUNG, JUST HOLD AND WAIT.
Let it flow like the Mississippi River brother, Metaverse industry Seii about to go big
Look out beeeeeeloooowwwwwwww! 28,0000 here we come.
LC
Dead cat bounce?
Dead cat bounce?
WAR WITH CHINA CONFIRMED = SELL STOCKS
Well said brother!!!!!!!????????
thats what i do
Just to add a few words to the excellent article above, have you ever wondered where you can find the best test banks and solution manuals online? The answer to this question is just a click away. Checkout this <a href=" insert-text-here ">Solution Manual For Thinking Mathematically 7th Edition</a> to get an immediate A+.
30155 is it near the top? gives vertigo
Only buy 1/3 of your agreed upon amount - at a time ------but BUY up or DOWN
Only buy 1/3 of your agreed upon amount - at a time ------but BUY up or DOWN
The powers that be have been working on it for years but Trump is destroying their NWO plans. Just like Reagan did. It’s coming. It’s Biblical. I hope you figure it out before it is too late. Good luck!
Because anyone can just walk into government and completely change the economic and social makeup of a country overnight, right? Sweeping absolute socialism overNIGHT! They'll take all of your money and you will get absolutely nothing in return!!!!! Like those poor unhealthy Europeans who have months of vacation and live longer than we do, and probably have more money than most of us too.
LOL! I assume the Clintons, Obamas, Pelosi, Schumer, Cuomo, Omar, AOC, Biden etc. are very honest and not trying to turn us into a Socialist country. Biden gets in and you will see the market collapse and you can enjoy Socialism. Wake up and educate yourself before it's too late!
All administrations are corrupt that get voted into office.
Corruption, Abuse of Power, Obstruction of Justice, Illegal Securities Trading, Bank Fraud, you name it these guys are all guilty!!!
tRump, bArr, pEnce, pOmpeo, mNuchin, mCcnnell, gRaham are all going to prison shortly after January 21, 2021
https://www.nytimes.com/2020/06/19/nyregion/us-attorney-manhattan-trump.html
Barr Abruptly Seeks to Fire U.S. Attorney Who Investigated Trump Associates
But the United States attorney in Manhattan, Geoffrey Berman, who had been leading the inquiry into Rudolph Giuliani, is refusing to leave his position.
The Justice Department is attempting to replace Geoffrey S. Berman, the U.S. attorney in Manhattan.Credit...Jefferson Siegel for The New York Times
By Benjamin Weiser, William K. Rashbaum, Nicole Hong, Maggie Haberman and Katie Benner
Published June 19, 2020
Updated June 20, 2020, 7:58 a.m. ET
Attorney General William P. Barr on Friday night abruptly tried to fire the top federal prosecutor in Manhattan, Geoffrey S. Berman, who has investigated several of President Trump’s closest associates, but Mr. Berman said he would not leave.
The clash focused new attention on the efforts by Mr. Trump and his closest aides to rid the administration of officials whom the president views as insufficiently loyal. It also touched off a crisis within the Justice Department over one of its most prestigious jobs, at a time when the agency has already been roiled by questions over whether Mr. Barr has undercut its tradition of independence from political interference.
Mr. Berman, the United States attorney for the Southern District of New York, and his team have been at the forefront of corruption inquiries in Mr. Trump’s inner circle. They successfully prosecuted the president’s former personal lawyer, Michael Cohen, who went to prison, and have been investigating Mr. Trump’s current personal lawyer, Rudolph W. Giuliani.
“I have not resigned, and have no intention of resigning, my position,” Mr. Berman said in a statement, adding that he had learned that he was “stepping down” from a Justice Department news release.
US Attorney SDNY
?
@SDNYnews
View image on Twitter
109K
11:14 PM - Jun 19, 2020
Twitter Ads info and privacy
41.5K people are talking about this
Mr. Barr’s announcement that Mr. Trump was seeking to replace Mr. Berman was made with no notice. Mr. Barr said the president intended to nominate as Mr. Berman’s successor Jay Clayton, the chairman of the Securities and Exchange Commission, who has never served as a prosecutor.
Mr. Barr asked Mr. Berman to resign, but he refused, so Mr. Barr moved to fire him, according to a person familiar with the matter. Mr. Trump had been discussing removing Mr. Berman for some time with a small group of advisers, the person said. Mr. Trump has been upset with Mr. Berman ever since the Manhattan prosecutor’s office pursued a case against Mr. Cohen.
Mr. Trump’s purge of officials has intensified in the months since the Republican-led Senate acquitted him in the impeachment trial. He has fired or forced out inspectors general with independent oversight over executive branch agencies and other key figures from the trial.
Several dismissals have come late on Friday nights, a time that many White Houses have used to disclose news that they would prefer receive little attention.
The highly public tussle between Mr. Barr and Mr. Berman that unfolded late on Friday was another example of the tumult that has engulfed the Justice Department in recent months.
The attorney general’s interventions in high-profile cases involving the onetime Trump advisers Roger J. Stone Jr. and Michael T. Flynn have prompted accusations from current and former law enforcement officials that Mr. Barr has politicized the department.
Mr. Berman’s office has taken an aggressive approach in a number of cases that have vexed the Trump administration, from the prosecution and guilty plea obtained from Mr. Cohen to a broader investigation, growing out of that inquiry, which focused on Mr. Trump’s private company and others close to him.
Over the last year, Mr. Berman’s office brought indictments against two close associates of the president’s current lawyer, Mr. Giuliani, and began an investigation into Mr. Giuliani himself, focusing on whether his efforts to dig up dirt in Ukraine on the president’s political rivals violated laws on lobbying for foreign entities.
Mr. Berman’s office also conducted an investigation into Mr. Trump’s inaugural committee, subpoenaing financial and other records as part of a broad inquiry into possible illegal contributions from foreigners.
A lawyer for Mr. Giuliani, Robert J. Costello, said he had received no advance notice of Mr. Barr’s effort to oust Mr. Berman. Mr. Costello said Mr. Giuliani had no role in the matter.
“We certainly don’t know anything about it,” Mr. Costello said. “This comes as a surprise to us.”
Mr. Barr also announced that on his recommendation, Mr. Trump had appointed Craig Carpenito, the current U.S. attorney for New Jersey, to serve as acting U.S. attorney in Manhattan while the Senate considers Mr. Clayton’s nomination. Mr. Barr said Mr. Carpenito’s appointment would be effective July 3.
Mr. Barr’s move to dismiss Mr. Berman came just days after Mr. Trump’s former national security adviser, John Bolton, alleged in a new book that Mr. Trump sought to interfere in an investigation by Mr. Berman’s office into a Turkish bank, in a bid to cut deals with the Turkish president, Recep Tayyip Erdogan.
The United States attorney’s office in Manhattan is perhaps the most famous federal prosecutor’s post in the country. The office, through Democratic and Republican administrations, has long prized a tradition of independence from the Justice Department and Washington. It has even been nicknamed the “Sovereign District of New York.”
Mr. Berman worked there in the 1990s as a prosecutor, but he took over the office under unusual circumstances.
A Republican who contributed to the president’s campaign and worked at the same law firm as Mr. Giuliani, Mr. Berman was never formally nominated for the position by Mr. Trump or confirmed by the Senate, as is normal protocol for United States attorneys.
In 2018, the attorney general at the time, Jeff Sessions, appointed Mr. Berman as interim United States attorney in Manhattan.
But Mr. Trump never formally sent Mr. Berman’s nomination to the Senate. After 120 days, his formal appointment to the post was made by the judges of the United States District Court.
Mr. Berman took note of the nature of his appointment to the position in explaining why he was refusing to step down.
“I was appointed by the judges of the United States District Court for the Southern District of New York,” Mr. Berman said in his statement. “I will step down when a presidentially appointed nominee is confirmed by the Senate. Until then, our investigations will move forward without delay or interruption.”
Jay Clayton, chairman of the Securities and Exchange Commission, was nominated to be the new U.S. attorney in Manhattan.Credit...Shannon Stapleton/Reuters
U.S. attorneys are typically replaced by their first assistants, but Mr. Trump’s choice to replace Mr. Berman is an outsider who has never worked in that office.
Mr. Clayton is not a litigator or a former prosecutor, which often are prerequisites to being named a United States attorney, especially in a jurisdiction as prominent as the Southern District.
Before being named chairman of the Securities and Exchange Commission by Mr. Trump, Mr. Clayton had been a longtime corporate lawyer at the firm Sullivan & Cromwell, where he did work for banks, hedge funds and big corporations such as Goldman Sachs, Barclays and Alibaba.
It is highly unusual to name an outsider to a prosecutor’s post like the one in Manhattan, but it is not the first time this has happened under Mr. Trump. When Jessie K. Liu left the United States attorney’s office in Washington, she was replaced by an ally of Mr. Barr, Timothy Shea, rather than her first assistant.
Mr. Barr met with Mr. Berman on Friday in New York, according to a person familiar with the matter. It was not clear what they discussed.
Mr. Barr was visiting New York to meet with senior New York Police Department officials and to talk about “policing issues that have been at the forefront of national conversation and debate,” according to a Justice Department news release.
On Thursday, Mr. Berman sent a message to the office about safety protocols for returning to work, sounding upbeat and giving no indication that he was about to leave, according to a person familiar with the message.
Mr. Barr’s attempt to remove Mr. Berman came two days after excerpts released from Mr. Bolton’s upcoming book described what Mr. Bolton said was Mr. Trump’s willingness to intervene in criminal investigations, including one in Mr. Berman’s office.
Mr. Bolton wrote in the book that Mr. Trump in 2018 had promised the Turkish president, Mr. Erdogan, that he would interfere in an ongoing investigation against a Turkish company accused of violating Iranian sanctions.
“Trump then told Erdogan he would take care of things, explaining that the Southern District prosecutors were not his people, but were Obama people, a problem that would be fixed when they were replaced by his people,” Mr. Bolton wrote, according to an excerpt published this week in The Washington Post.
At the time, Mr. Berman was the U.S. attorney overseeing the case. The company, Halkbank, a state-owned bank in Turkey, was indicted in the Southern District last year.
Mr. Berman was also known for his office’s decision last year to bring sex-trafficking charges against Jeffrey Epstein, who had avoided a similar prosecution in Florida in 2008.
After Mr. Epstein committed suicide last August, Mr. Berman announced that the inquiry into Mr. Epstein’s sex trafficking conspiracy would continue and that his office was committed to standing up for the “brave young women” whom Mr. Epstein had abused.
The office has been investigating several of Mr. Epstein’s alleged co-conspirators, and it has been locked in a public dispute with Prince Andrew of Britain about what Mr. Berman has depicted as the prince’s refusal to assist the investigation.
Matthew Goldstein and Ben Protess contributed reporting.
Trump and the Southern District of New York
2 Giuliani Associates Arrested With One-Way Tickets at U.S. AirportOct. 10, 2019
As Mueller Report Lands, Prosecutorial Focus Moves to New YorkMarch 23, 2019
Done With Michael Cohen, Federal Prosecutors Shift Focus to Trump Family BusinessDec. 9, 2018
Benjamin Weiser is a reporter covering the Manhattan federal courts. He has long covered criminal justice, both as a beat and investigative reporter. Before joining The Times in 1997, he worked at The Washington Post. @BenWeiserNYT
William K. Rashbaum is a senior writer on the Metro desk, where he covers political and municipal corruption, courts, terrorism and broader law enforcement topics. He was a part of the team awarded the 2009 Pulitzer Prize for breaking news. @WRashbaum • Facebook
Nicole Hong covers law enforcement and courts in New York. Before joining The New York Times, she spent seven years at The Wall Street Journal, where she was part of a team that won the 2019 Pulitzer Prize in National Reporting for stories about secret payoffs made on Donald Trump's behalf to two women.
Maggie Haberman is a White House correspondent. She joined The Times in 2015 as a campaign correspondent and was part of a team that won a Pulitzer Prize in 2018 for reporting on President Trump’s advisers and their connections to Russia. @maggieNYT
Katie Benner covers the Justice Department. She was part of a team that won a Pulitzer Prize in 2018 for public service for reporting on workplace sexual harassment issues. @ktbenner
A version of this article appears in print on June 20, 2020, Section A, Page 1 of the New York edition with the headline: U.S. Attorney Investigating Trump Allies Ousted. Order Reprints |
Here's who is propping up the stock market besides the Fed.
tRump's cronies who have received over $2 trillion thus far, and no one knows who got it!!!
I'd still like to see that $1,200 stimulus I'm owed, guess tRump and Mnuchin must stll be checking into it.
https://www.bloomberg.com/news/articles/2020-06-17/trillions-in-stimulus-go-unchecked-with-watchdogs-kept-toothless?srnd=premium
Politics
Trillions in Stimulus Go Unchecked With Watchdogs Kept Toothless
By Laura Davison
June 17, 2020, 4:00 AM EDT
Updated on June 17, 2020, 12:24 PM EDT
Three oversight boards have yet to fully launch their work
Trump’s inspector general firings raise questions on watchdogs
Gold To $25,000 With China Leading The Way: Frank Holmes
5,133 views•Jun 6, 2020
Kirkland Lake Gold (TSX:KL)' Some light on buyback -
KL was authorize to buy up to, 20 989 000 to may 29 2019
..........................Buy back..............$$$$....Price Av
In the Q4 2019 727 M shares ..$ 39,5 M....$ 54,33
In the Q1 2020 9,700 M............$ 443 M.... $ 45,67
.................Total 10 627 M $ 482,5 $ 45,43
New Approval up to 27 711 000 to June 7 2011
Number of share oustanding 277 244 000
On thing for sure share price will increase in 2020
and nobody will loose a penny in 2020 so buying at $ 50 or under
is a good bet .
by bossu (334)
Kirkland Lake Gold Renews Normal Course Issuer Bid
TORONTO, June 04, 2020 (GLOBE NEWSWIRE) --
Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “Company”) (TSX:KL) (NYSE:KL) (ASX:KLA) is pleased to announce that it has received acceptance from the Toronto Stock Exchange (the “TSX”) to renew its normal course issuer bid (“NCIB”).
The NCIB allows Kirkland Lake Gold to purchase up to 27,711,401 common shares of the Company (the “Common Shares”), representing 10% of the current issued and outstanding Common Shares in the public float as of June 2, 2020. As at June 2, 2020, the Company had 277,244,914 Common Shares issued and outstanding.
Purchases of the Common Shares pursuant to the NCIB may be made through the facilities of the TSX and/or alternative Canadian trading systems, commencing on June 8, 2020 and ending on June 7, 2021, or such earlier time as the NCIB is completed or terminated by the Company. Any purchases made pursuant to the NCIB will be made in accordance with the rules of the TSX and will be made at the market price at the time of purchase.
The average daily trading volume for the six-month period ended April 30, 2020, less prior NCIB purchases made on the TSX, was 1,700,901 Common Shares. Under the renewed NCIB, the maximum number of Common Shares that the Company may purchase on a daily basis, other than block purchase exemptions, are 425,225 Common Shares. The actual number of Common Shares purchased for cancellation and the timing of such purchase will be determined by the Company. There cannot be any assurance as to how many Common Shares will ultimately be purchased for cancellation under the NCIB.
The Board of Directors of Kirkland Lake Gold has determined that the repurchase of Common Shares pursuant to the proposed NCIB presently constitutes an appropriate use of financial resources and would be in the best interest of Kirkland Lake Gold shareholders.
Under the previous NCIB, the Company sought and received approval from the TSX to purchase up to 20,989,692 Common Shares for the period of May 29, 2019 to May 28, 2020. The Company purchased 10,440,700 Common Shares pursuant to the previous NCIB in the last twelve months at an average price of C$46.22 per Common Share on the TSX and alternative Canadian trading systems.
About Kirkland Lake Gold Ltd.
Kirkland Lake Gold Ltd. is a growing gold producer operating in Canada
and Australia that produced 974,615 ounces in 2019.
The production profile of the Company is anchored
by three high-quality operations, including
the Macassa Gold Mine and
Detour Lake Gold Mine,
both located in Northern Ontario, and
the Fosterville Gold Mine
located in the state of Victoria, Australia.
Kirkland Lake Gold's solid base of quality assets
is complemented by district scale exploration potential,
supported by a strong financial position
with extensive management expertise.
For further information on Kirkland Lake Gold and to receive news
releases by email, visit the website at;
http://www.kl.gold.com
Cautionary Note Regarding Forward-Looking Information
This press release contains statements which constitute "forward-looking information" within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of Kirkland Lake Gold with respect to future business activities and operating performance. Forward-looking information is often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" or similar expressions and include information regarding the proposed timing associated with the NCIB and the anticipated effects thereof.
Investors are cautioned that forward-looking information is not based on historical facts but instead reflect Kirkland Lake Gold's management's expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although Kirkland Lake Gold believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the combined company. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are the following: the future development and growth potential of the Company’s projects; future exploration activities planned at the Canadian and Australian properties; risks relating to equity investments; risks relating to first nations and Aboriginal heritage; the availability of infrastructure, energy and other commodities; nature and climactic conditions; currency exchange rates (such as the Canadian dollar and the Australian dollar versus the United States dollar); risks associated with dilution; labour and employment matters; risks in the event of a potential conflict of interest; changes in general economic, business and political conditions, including changes in the financial markets; changes in applicable laws; and compliance with extensive government regulation. This forward-looking information may be affected by risks and uncertainties in the business of Kirkland Lake Gold and market conditions. This information is qualified in its entirety by cautionary statements and risk factor disclosure contained in filings made by Kirkland Lake Gold, including its annual information form and financial statements and related MD&A for the financial year ended December 31, 2019 and 2018 filed with the securities regulatory authorities in certain provinces of Canada and available at www.sedar.com.
Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although Kirkland Lake Gold has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. Kirkland Lake Gold does not intend, and do not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.
FOR FURTHER INFORMATION PLEASE CONTACT
Anthony Makuch, President, Chief Executive Officer & Director
Phone: +1 416-840-7884, E-mail: tmakuch@kl.gold
Mark Utting, Vice-President, Investor Relations
Phone: +1 416-840-7884, E-mail: mutting@kl.gold
1
Hey.....This just shot up over 40 (fairly decent day)......Up 5.9 %
You should buy some shares !
https://twitter.com/KirklandLakeGld
Dude....I'm done..I have the worst luck in the world...I've tried investing in blue chips/penny stocks/IRA....each time I invest in something it just tanks...doesn't matter if it's a blue chip or penny...or a mixture like an ira...everytime it tanks...this time I created an IRA...and of course as soon as I do, the market goes down 4 days in a row after a 7 day buying streak..its destined that I dont make money.im out...I'm just putting everything in savings at least that way I wont lose
I've adjusted my favorite quote to make it understandable for those who did not fully understand it.
"If the American people ever allow private banks (ie federal reserve) to control the issue of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent that their fathers conquered."—Thomas Jefferson
https://www.washingtonpost.com/business/2020/06/05/may-2020-jobs-report-misclassification-error/
Economy
A ‘misclassification error’ made the May unemployment rate look better than it is. Here’s what happened.
Trump says U.S. 'largely through' pandemic, urges governors to end lockdowns
President Trump urged governors to end lockdowns on June 5, saying the U.S. is “largely through” the coronavirus pandemic. (Photo: Jonathan Newton/The Washington Post)
By
Heather Long
June 5, 2020 at 7:00 p.m. EDT
When the U.S. government’s official jobs report for May came out on Friday, it included a note at the bottom saying there had been a major “error” indicating that the unemployment rate likely should be higher than the widely reported 13.3 percent rate.
The special note said that if this “misclassification error” had not occurred, the “overall unemployment rate would have been about 3 percentage points higher than reported,” meaning the unemployment rate would be about 16.3 percent for May.
The Bureau of Labor Statistics, the agency that puts out the monthly jobs reports, said it was working to fix the problem.
“BLS and the Census Bureau are investigating why this misclassification error continues to occur and are taking additional steps to address the issue,” said a note at the bottom of the Bureau of Labor Statistics report.
Some took this as a sign that President Trump or one of his staffers may have tinkered with the data to make it look better, especially since most forecasters predicted the unemployment rate would be close to 20 percent in May, up from 14.7 percent in April. But economists and former BLS leaders from across the political spectrum strongly dismissed that idea.
“You can 100% discount the possibility that Trump got to the BLS. Not 98% discount, not 99.9% discount, but 100% discount,” tweeted Jason Furman, the former top economist for former president Barack Obama. “BLS has 2,400 career staff of enormous integrity and one political appointee with no scope to change this number.”
Economists say the BLS was trying to be as transparent as possible about how hard it is to collect real-time data during a pandemic. The BLS admitted that some people who should have been classified as “temporarily unemployed” during the shutdown were instead misclassified as employed but “absent” from work for “other reasons.”
The black-white economic divide is as wide as it was in 1968
The “other reason” category is normally used for people on vacation, serving jury duty or taking leave to care for a child or relative. These are typically situations where the worker decides to take leave. But in this unusual pandemic circumstance, the “other reason” category was applied to some people staying at home and waiting to be called back.
The Department of Labor said June 5 that the U.S. economy added 2.5 million jobs in May and the unemployment rate dropped from 14.7 in April to 13.3 percent. (Reuters)
This problem started in March when there was a big jump in people claiming they were temporarily “absent” from work for “other reasons.” The BLS noticed this and flagged it right away. In March, the BLS said the unemployment rate likely should have been 5.4 percent, instead of the official 4.4 percent rate. In April, the BLS said the real unemployment rate was likely about 19.7 percent, not 14.7 percent.
Economists said the big takeaway is that it’s hard to collect real-time data during a pandemic and that while the unemployment rate remains high — likely more than 16 percent — it has declined a little from April.
Trump clings to jobs numbers as a campaign life raft — and as a race-relations plan
The unemployment rate comes from a survey where Census workers ask about 60,000 households questions about whether they are working or looking for a job the week of May 10 to 16.
One of the first questions that gets asked is did the person do any work “for pay or profit?” There are then 45 pages of follow up questions that come after that. One of those questions asks if someone was “temporarily absent” from the job and why that absence occurred. One of the responses is “other.”
The BLS instructed surveyors to try to figure out if someone was absent because of the pandemic and, if so, to classify them as on “temporary layoff,” meaning they would count in the unemployment data. But some people continued to insist they were just “absent” from work during the pandemic, and the BLS has a policy of not changing people’s answers once they are recorded. It’s how the BLS protects again bias or data manipulation.
Former staffers said it’s unusual that the BLS was not able to correct this problem faster.
The U.S. economic slide is likely bottoming out, but a recovery could take years
“It’s surprising the BLS couldn’t come up with fixes to make this work in May,” said Erica Groshen, the former BLS commissioner under Obama. But, she adds, “This is a very unusual situation. There are lots of field staff who had a tried and true way of asking questions and they were doing what they were used to doing.”
The only political appointee at the BLS is the commissioner, who, Groshen said, does not have access to the data and only sees the finalized report.
“The commissioner never sees the job report before it is final. As commissioner, I did not have access to the underlying data,” Groshen said. “This is a highly automated process.”
Instead of focusing on possible Trump interference, many economists wish people would focus on the fact that 21 million Americans are currently unemployed and over 2 million have permanently lost their jobs
The situation remains dire, they say, even after a few jobs returned in May as the economy reopened.
All entire Market is HOPELESS OVERBOUGHT, I CAN MAKE SELLOFF EVERYTIME! It is Time to change the music, after euphoria is coming depression in DOORSIDE, nobody can resist the Law and Order of Market, do you sense the pulsation of the Brain of Market??? The fears and worries, go down to 25000 points and we will do the next good contract maybe!
The economy is definitely not the stock markets!
It's like living a lie...
This just out, it might be time to base our economies on something besides fossil fuels.
https://www.bloomberg.com/news/articles/2020-04-27/global-6-trillion-slump-may-be-optimistic-bloomberg-economics?srnd=premium
Menu Bloomberg Subscribe
Economics
Global $6 Trillion Slump May Be Optimistic, Economists Warn
By Catherine Bosley
April 27, 2020, 5:01 AM EDT
Advanced economies face worst crisis since Great Depression
Global economic output to shrink 4%; U.S. GDP to slump 6.4%
Busy Week for World’s Biggest Central Banks
Busy Week for World’s Biggest Central Banks
The coronavirus pandemic will cause the global economy to shrink 4% in 2020, according to a Bloomberg Economics estimate that assumes a recovery starts in the second half of the year.
The economy has “entered a downturn of unprecedented speed and severity, with most advanced economies facing their weakest performance since the Great Depression,” Tom Orlik and Jamie Rush wrote in a report. “Relative to expectations at the start of the year, the cost of lost output is more than $6 trillion,” the wrote.
That a contraction of this magnitude is based on “optimistic assumptions about both the outbreak and the recovery” underscores the challenge facing policy makers trying to cushion the blow of the pandemic. Under such scenario, U.S. gross domestic product will shrink 6.4%, while euro area GDP is set to contract 8.1%. Japan will shrink 4%, while China will expand at the slowest pace on record.
World Outlook
Global gross domestic product is set to contract 4% this year
Source: Bloomberg Economics
“Downside risks are significant,” Orlik and Rush wrote. As governments move to ease nationwide lockdowns, the risk of a second wave of infections could deepen the contraction to 5.6%. If stimulus is insufficient, output could plummet 7.2%.
But unlike the Asian crisis in 1997 and the global recession in 2009, the current shock isn’t caused by fundamental economic and financial imbalances. This means that countries that have mobilized enough stimulus to compensate for the lost income could stage a swift recovery, the economists wrote.
“Governments should err on the side of doing too much stimulus. In the end, the cost of doing too little would be higher.”
Is It Enough? Tracking Major Economies’ Stimulus Measures
— With assistance by Zoe Schneeweiss
Dow could bottom between 11,000 and 6,500.
23,900 was a 20% bounce off 18,000 and change before the real collapse sets in. Maybe with a few more drops and bounces included.
IMF - April World Economic Outlook projects global growth in 2020 to fall to -3 percent.
https://blogs.imf.org/2020/04/14/the-great-lockdown-worst-economic-downturn-since-the-great-depression/
The Great Lockdown: Worst Economic Downturn Since the Great Depression
It may seem like it, but until the united states has stated control of the Corona virus.
bottom is in definitely....leon Cooperman and I say so....too easy to see....this pullback is very normal to see real bottom....too easy, too clear, too much profit staring us in the face...wow
You know the bottom in when they start jumping out tall buildings.
A low of 13,500 to 14,500 is coming.
Take the average high, not the very top, but the average high and take half that away.
Yeah, sh*t just got real.
Today actually. This thing is in a free fall. 15's here we come.
It's a possibility today. Perfect storm. Batten the hatches.
We ain't seen nothing yet.
Yes, yes we can.
It's gonna be rough before it gets better, but a great market for swing traders.
I agree... this won't see a bottom until around 18000 19000 range. If it breaks bellow 18k, then maybe 15 16k next.
12000 coming booom
Can we go any lower,hopefully this not going to be the new trend.
This volatility is a test of how weak the market is.imo
My 100% baseless observation of the chart from it's inception leads me to believe that we should be around 22000 anyway. The last 4 years or so have been out of control growth and even since 2013 it's been rocketing up. It was bound to happen. We were only at 18000 4 years ago FFS
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |