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Saturday, 03/13/2021 11:24:24 PM

Saturday, March 13, 2021 11:24:24 PM

Post# of 43382
Stock purchases from stimulus checks will start Monday:

https://www.bloomberg.com/news/articles/2021-03-13/-stimmy-is-setting-stage-for-next-wave-of-retail-stock-frenzy?srnd=premium

The retail buying may come as soon as Monday, giving the Nasdaq 100 Index new wind after it fell into a correction earlier this month amid a crash for some of the market’s most speculative names. The checks “could offer a short-term ‘shot in the arm’ to a market that was otherwise looking run-down and vulnerable to a sell-off,” said Sam Stovall, the chief investment strategist at CFRA Research.
Individuals age 25 to 34 with online brokerage accounts plan to use about 50% of their stimulus to buy stocks, according to a survey this month by Deutsche Bank.


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