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S&P 500
5,469.30
(
0.39%
)
US TECH 100
19,240.00
(
0.34%
)
Dow Jones
39,112.16
(
-0.76%
)
Brent Oil
84.99
(
0.95%
)
Bitcoin
61,300.28
(
-0.83%
)
Post# of 37919
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jumanji0881

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jumanji0881

Re: sharpshorts post# 37068

Monday, 07/19/2021 2:05:39 PM

Monday, July 19, 2021 2:05:39 PM

Post# of 37919
re : "Why today" -
My Comment: It is long overdue. The news media is blaming it on COVID and lockdowns which mean a slow recovery. Stocks are artificially high due to Fed support. Trees do not grow to the sky and this "expansion" cannot last indefinitely. It's possible the Fed will double it's balance sheet to $15Trillion in the next financial crisis. Meanwhile, Biden wants to spend $Trillions that we do not have on things we do not need. Today's market drop is a walk in the park compared to what I expect during the next financial crisis.
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