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Global shares hit 3-month highs on economic recovery hopes

EconomyJun 03, 2020 04:40AM ET

David9 commented on this article:

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David David
David9 Jun 03, 2020 12:18AM ET
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Let me tell you guys something...a country long divided must unite, long unite must divide, this is the forces of nature. US right now is a country setting into the divided stage and Chis is now in a united stage. That is why Ray Dalio's work The Change World Order, showing China is the rising power and US in decline. Trump will be known as the president that awaken the Eastern Dragon.
Irvin Mermelstein
Irvin Mermelstein Jun 03, 2020 12:18AM ET
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This isn't a healthy market. In March 1929, the market experienced a serious correction because of liquidity problems. Investment bankers (like JP Morgan) propped up the market by large infusions of additiona liquidity. This worked. The Dow rallied hugely for the next six months, as investors thought the bull market was permanent. The Dow topped at 440 in late September, followed by the Great Crash of 1929. While there were rallies, from 1929 to 1932 the market continued to fall, hitting bottom in July 1932, 89% off the 440 top.Once the market stops pricing in all the happy talk by the federal government, it will fall. The Bear Market of 1929-1932 is the only precedent for market price action at 25% unemployment.
Wen Lin
Wen Lin Jun 03, 2020 12:18AM ET
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Irvin Mermelstein at this rate, JPow will just print $100T to buy off the stock markets🤣🤣🤣
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