Krugman Election Night: “If the question is when markets will recover, a first-pass answer is never

[Weatherman2020]

Market watch, tonight: The stock market is doing so much winning, Wall Street is thinking Nasdaq 6,000.

“Indeed, the Nasdaq Composite COMP, +0.64% closed at a record for a seventh straight session Wednesday, its longest such streak since Dec. 27, 1999, closing up 0.6% at 5,819. The Dow DJIA, +0.52% the S&P 500 index SPX, +0.50% and the small-cap focused Russell 2000 RUT, +0.54% also recorded all-time highs at the same time amid their own historic streaks.”

 

[AnCap'n_Murica]

The markets are all being driven by Fed funny money printing.

The crash will not be pretty.

 

[Toddsterpatriot]

The markets are all being driven by Fed funny money printing.

The crash will not be pretty.

The Fed stopped expanding their balance sheet in October 2014.

 

[cnm]

The Fed stopped expanding their balance sheet in October 2014.

But he was so sure...

 

[william the wie]

The markets are all being driven by Fed funny money printing.

The crash will not be pretty.

A true crash will result from too many bears getting burned. What prevents corrections from becoming crashes are the mechanics of profiting from puts and short sales. until those sources of support are eliminated no crash will happen.

 

[Sun Devil 92]

Market watch, tonight: The stock market is doing so much winning, Wall Street is thinking Nasdaq 6,000.

“Indeed, the Nasdaq Composite COMP, +0.64% closed at a record for a seventh straight session Wednesday, its longest such streak since Dec. 27, 1999, closing up 0.6% at 5,819. The Dow DJIA, +0.52% the S&P 500 index SPX, +0.50% and the small-cap focused Russell 2000 RUT, +0.54% also recorded all-time highs at the same time amid their own historic streaks.”

Paul Krugman is a dick.

 

[Weatherman2020]

The economy is finally starting to recover for the first time in 9 years, it all started the day after the election.

 

[Toddsterpatriot]

Market watch, tonight: The stock market is doing so much winning, Wall Street is thinking Nasdaq 6,000.

“Indeed, the Nasdaq Composite COMP, +0.64% closed at a record for a seventh straight session Wednesday, its longest such streak since Dec. 27, 1999, closing up 0.6% at 5,819. The Dow DJIA, +0.52% the S&P 500 index SPX, +0.50% and the small-cap focused Russell 2000 RUT, +0.54% also recorded all-time highs at the same time amid their own historic streaks.”

Paul Krugman is a dick.

I hope Krugman sold a thousand S&P futures contracts when the market saw that Hillary was losing.

 

[william the wie]

The economy is finally starting to recover for the first time in 9 years, it all started the day after the election.

but eventually too many bears will get burned to provide the floor needed for a quick recovery from a downturn like today.