Thread: Rod's Account Talk

Originally Posted by Rod

Futures are slightly up on Fed action. But, we certainly cannot expect that to last.

We have to hope. This thing's got to hit a bottom sometime, getting to be ridiculous.

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Originally Posted by tom4jean

We have to hope. This thing's got to hit a bottom sometime, getting to be ridiculous.

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Mr. Market doesn't care about our "hope."

Remember, Mr. Market still has to tread through Q1 earnings. Q1 earnings will likely be a bloodbath. The only thing that might be any saving grace is if those losses are already being priced in.

Originally Posted by Rod

Mr. Market doesn't care about our "hope."

Remember, Mr. Market still has to tread through Q1 earnings. Q1 earnings will likely be a bloodbath. The only thing that might be any saving grace is if those losses are already being priced in.

Well that's quite true. I like to think that similar to world war II the recovery process will inspire a boom in production in our economy. I think all the problems with China being the main supplier of goods to the world is coming out in all it's glaring reality and will change the face of manufacturing in the United States.

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AGG is back above its 200-DMA of 111.72. Light volume, though... as of now.

"Senate Releases Updated Economic Relief Plan (CARES Act) for Individuals and Businesses"


"Recovery rebate for individual taxpayers.

The bill would provide a $1,200 refundable tax credit for individuals ($2,400 for joint taxpayers).

Unlike the previous version of the bill, the credit has no minimum qualifying income requirements and no phase-in (see Chart 1).

The rebate phases out at $75,000 for singles, $112,500 for heads of household, and $150,000 for joint taxpayers at 5 percent per dollar of qualified income, or $50 per $1,000 earned.

It phases out entirely at $99,000 for single taxpayers and $198,000 for joint taxpayers.

Additionally, taxpayers with children will receive a flat $500 for each child.

We estimate the rebate will decrease federal revenue by about $301 billion in 2020, according to the Tax Foundation General Equilibrium Model. This is higher than the previous credit design, as this credit is available to more people and offers a higher base amount for low-income households.

This credit is one-time, but policymakers might consider additional rebates if the downturn is prolonged."

Source: https://taxfoundation.org/cares-act-...c-relief-plan/

rebate.jpg

It sure doesn't sound like this bill will pass before the closing bell...

https://www.youtube.com/watch?v=ns2POBYJtuw

The market seems to like the news. It’s recovering pretty well. Many on TV seem to think we get a short term rally then retest the lows again before any real recovery. But let’s face it, nobody really knows.

Originally Posted by Boomer01

The market seems to like the news. It’s recovering pretty well. Many on TV seem to think we get a short term rally then retest the lows again before any real recovery. But let’s face it, nobody really knows.

It would seem that the market is not watching the debate. It is only reacting to that Schumer clip, and nothing more.

Originally Posted by Rod

It would seem that the market is not watching the debate. It is only reacting to that Schumer clip, and nothing more.

Bill is blocked. Further down we go. It will be interesting to see how the day ends.

Loading the Bill up with JUNK is typical, but it isn't right, it's LEFT!!

Junk that benefits corporations vs individuals. That's right, not left.

Originally Posted by nnuut

Loading the Bill up with JUNK is typical, but it isn't right, it's LEFT!!