Drudge Retort: The Other Side of the News
Tuesday, March 24, 2020

The Dow Jones Industrial Average soared on Tuesday, logging its best day in 87 years as investors bet U.S. lawmakers would deliver soon a stimulus bill to rescue the economy from the damage caused by the coronavirus and shutdowns designed to stop its spread.

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I hope you guys bought low.

#1 | Posted by goatman at 2020-03-24 04:49 PM | Reply

You think that was the low?

We haven't even had the hospitals overrun yet.

#2 | Posted by snoofy at 2020-03-24 04:51 PM | Reply | Newsworthy 1

Play the long game ... always ...

We haven't even had the hospitals overrun yet.
#2 | POSTED BY SNOOFY

Why do you think its "up" Snoofy?

#3 | Posted by AndreaMackris at 2020-03-24 04:53 PM | Reply

"We haven't even had the hospitals overrun yet.

#2 | POSTED BY SNOOFY "

Good point. Buy hospital stock before it's too late.

#4 | Posted by goatman at 2020-03-24 04:54 PM | Reply

"Why do you think its "up" Snoofy?"

From the headline,
"investors bet U.S. lawmakers would deliver soon a stimulus bill to rescue the economy from the damage caused by the coronavirus"
Now, since that's Fake News from the MSM, you know by now replace both "investors" and "the economy" with "moneyed interests," like this:

Moneyed interests bet U.S. lawmakers would deliver soon a stimulus bill to rescue moneyed interests from the damage caused by the coronavirus.

That's why.

#5 | Posted by snoofy at 2020-03-24 04:58 PM | Reply

"you know by now replace both "investors" and "the economy" with "moneyed interests," like this:
Moneyed interests bet U.S. lawmakers would deliver soon a stimulus bill to rescue moneyed interests from the damage caused by the coronavirus.
That's why.
#5 | POSTED BY SNOOFY "

Snoofy predictably twist, fold, bend, and mutilate words to get something he wants to hear and agree with, rather than taking the words as written,

#6 | Posted by goatman at 2020-03-24 05:10 PM | Reply

#6
The important thing is what you didn't say.
You didn't say I'm wrong.
The reason you didn't say I'm wrong is because I'm right, and everybody reading this thread knows it.

#7 | Posted by snoofy at 2020-03-24 05:30 PM | Reply

"You didn't say I'm wrong.
The reason you didn't say I'm wrong is because I'm right, and everybody reading this thread knows it.

#7 | POSTED BY SNOOFY "

Actually pointing out that you had to contort the words and context to get what you want to hear does indeed say you are wrong. I'm sorry this not so subtle nuance escaped you. So let me make it perfectly clear.

You. Are. Wrong.

Any questions?

#8 | Posted by goatman at 2020-03-24 05:38 PM | Reply

"and everybody reading this thread knows it.

#7 | POSTED BY SNOOFY"

Logical fallacy of ad populum.

#9 | Posted by goatman at 2020-03-24 05:38 PM | Reply

"The important thing is what you didn't say.
#7 | POSTED BY SNOOFY "

I'm glad you value my opinion so highly as to call it "important". I'll remind of this at later times, I'm sure.

#10 | Posted by goatman at 2020-03-24 05:40 PM | Reply

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"Any questions?"

I do have one question.
What am I wrong about, specifically?

Are you saying my statement
Moneyed interests bet U.S. lawmakers would deliver soon a stimulus bill to rescue moneyed interests from the damage caused by the coronavirus.
Is not true?

#11 | Posted by snoofy at 2020-03-24 05:42 PM | Reply

"What am I wrong about, specifically?"

When you change the words around to suit your meaning and you have to ask what you are wrong about, yu are trolling.

You always maintain your machinations with words in a post result in the same meaning. If that's the case, no need change anything, right?

Anyway, I'm not taking your bait.

#12 | Posted by goatman at 2020-03-24 05:55 PM | Reply

"What am I wrong about, specifically?"
When you change the words around to suit your meaning and you have to ask what you are wrong about, yu are trolling.

^
The important thing is what you didn't say.
You didn't say I'm wrong.

#13 | Posted by snoofy at 2020-03-24 05:57 PM | Reply

It's interesting that no lefty has come here to comment -- with the exception of snoofy trolling. If the headline had read "DJIA down 11%, this place would have been crawling with OCTD posters within milliseconds. This isn't speculation -- we all saw it on other threads about the stock market crashing.

I guess they don't like to comment on good news.

#14 | Posted by goatman at 2020-03-24 06:00 PM | Reply

"You didn't say I'm wrong.
#13 | POSTED BY SNOOFY "

???

"You. Are. Wrong
#8 | POSTED BY GOATMAN "

Liar.

Eight comes before 13.

Go away, troll.

#15 | Posted by goatman at 2020-03-24 06:01 PM | Reply

"If the headline had read "DJIA down 11%"

Isn't it interesting how trading halts -- the "circuit breaker" -- if the Down drops more than 7%.
But if the Dow rises 11%, trading is allowed to continue...
So much winning!

#16 | Posted by snoofy at 2020-03-24 06:04 PM | Reply

Anyway, the important thing for the kids reading is these two statements are both equally correct, and nearly identical:
Investors bet U.S. lawmakers would deliver soon a stimulus bill to rescue the economy from the damage caused by the coronavirus
Moneyed interests bet U.S. lawmakers would deliver soon a stimulus bill to rescue moneyed interests from the damage caused by the coronavirus.

#17 | Posted by snoofy at 2020-03-24 06:07 PM | Reply

#16

That's only "interesting" to shortsellers and idiots who don't understand the markets.

#18 | Posted by Rightocenter at 2020-03-24 06:09 PM | Reply

That's only "interesting" to shortsellers
#18 | POSTED BY RIGHTOCENTER

Hedge fund managers find my economic musings interesting?
That's without a doubt the biggest compliment I've ever gotten from you, RightOCenter!

#19 | Posted by snoofy at 2020-03-24 06:11 PM | Reply

Up 11% today, down 20% tomorrow.

A sign of an unhealthy unstable market is huge swings. Volatility is the enemy of a healthy stable market.

The current stock market is built on a house of cards.

It's funny AF that SporkGoat and friends peacock around on days like today but they strangely disappear when the market takes a big dive (see every other day).

#20 | Posted by aborted_monson at 2020-03-24 06:50 PM | Reply

Monson!

You posted something of substance!

Are you feeling OK?

#21 | Posted by JeffJ at 2020-03-24 06:51 PM | Reply | Funny: 1

"Up 11% today, down 20% tomorrow.
#20 | POSTED BY ABORTED_MONSON "

Want to make a wager on that?

Yeah, I didn't think so, loudmouth. LOL

"It's funny AF that SporkGoat and friends peacock around on days like today but they strangely disappear when the market takes a big dive (see every other day).

#20 | POSTED BY ABORTED_MONSON A"

It's funny how you think saying something actually revises history. I was active in the other stock market threads -- at least the ones I saw and weren't echoes of previous ones.

Have you considered seeking help for your delusional state? No doubt you live in one. You just proved it.

You're trying too hard, abortedmonson. I don't know what you find so fascinating about me that you obsess and assign weird and false positions to me, but I don't think it's mentally healthy.

#22 | Posted by goatman at 2020-03-24 06:54 PM | Reply

Every time I see an AbortedMoron repost I appreciate anew the Killfile.

#23 | Posted by Rightocenter at 2020-03-24 07:10 PM | Reply

This kind of seesaw volitility is actually bad news, theres a reason the last time it happened was in 1933. It is a sign of great trauma to the economic system. My guess is that the Dow will Fall 13,000 points within a week. seesaw gyrations of the Dow are very bad. I'm no expert, reality may vary.

#24 | Posted by Effeteposer at 2020-03-24 07:30 PM | Reply

"My guess is that the Dow will Fall 13,000 points within a week"

RAY!!!!!!!!!!!!!!!!

#25 | Posted by snoofy at 2020-03-24 07:57 PM | Reply

This kind of seesaw volatility is actually bad news...

Not if you are one of the high speed computer traders that make billions on volatility.

A penny here, a nickel there, 100 million trades per minute.

Soon you are talking about real money.

#26 | Posted by REDIAL at 2020-03-24 10:04 PM | Reply

"Not if you are one of the high speed computer traders that make billions on volatility."

This is the type of well-paid but non-productive work that we should eliminate permanently. It produces nothing.

#27 | Posted by snoofy at 2020-03-24 10:06 PM | Reply

Good money though. Today's DOW closed 29% down from the 2020 high but lots of traders still made a lot of money.

#28 | Posted by REDIAL at 2020-03-24 10:27 PM | Reply

"Good money though. Today's DOW closed 29% down from the 2020 high but lots of traders still made a lot of money.

#28 | POSTED BY REDIAL "

That pesky virus.

But yeah, thanks Trump for those highs you took it to before Corona robbed your thumder.

#29 | Posted by goatman at 2020-03-24 10:29 PM | Reply

That pesky virus.

And those pesky oil issues.

#30 | Posted by REDIAL at 2020-03-24 10:41 PM | Reply

"And those pesky oil issues.

#30 | POSTED BY REDIAL "

Not so pesky to me. I filled up my 24 gallon tank on my truck for $31 today! I paid $1.29/gal, but I could have paid 1.19 had I been willing to drive a mile or two further.

www.gasbuddy.com

#31 | Posted by goatman at 2020-03-24 10:51 PM | Reply

Not so pesky to me. I filled up my 24 gallon tank on my truck for $31 today!

I know you're not that myopic. That's good for you (and me) buying gasoline but not so good for those who produce and sell it to us. You know that. So do I.

The virus thing is dominating the news but that Saudi-Russia oil war is still out there behind it. You also know that as well as I do.

The Wall Street folk win either way. It's what they do.

#32 | Posted by REDIAL at 2020-03-24 11:07 PM | Reply

"Not so pesky to me. I filled up my 24 gallon tank on my truck for $31 today!

I know you're not that myopic. That's good for you (and me) buying gasoline but not so good for those who produce and sell it to us. You know that. So do I."

I also know that transportion costs of goods I consume from as far away as Australia, Chile, and the far east are greatly reduced making their goods cheaper for me. IT's far more than filling up my truck.

#33 | Posted by goatman at 2020-03-24 11:11 PM | Reply

IT's far more than filling up my truck.

Fair enough. I was just wondering why you keep using pump prices as a benchmark.

#34 | Posted by REDIAL at 2020-03-24 11:15 PM | Reply

Isn't this stimulus package the dreaded boogeyman that retardlicans were against just a few weeks ago.......socialism????? Just asking. Why socialism A okay now! Let'em fail!

#35 | Posted by zelkova at 2020-03-24 11:22 PM | Reply

"Fair enough. I was just wondering why you keep using pump prices as a benchmark.

#34 | POSTED BY REDIAL "

I don't recall ever using local prices as a benhmark (correct me if I"m wrong). I'm just pointing out what's happening in my part of the country. I'm not so stupid as to think that taxes, etc. don't pla into gas prices.

#36 | Posted by goatman at 2020-03-24 11:38 PM | Reply

I don't recall ever using local prices as a benhmark (correct me if I"m wrong).

You don't. You just tend to mention local pump prices frequently as if it is relevant.

#37 | Posted by REDIAL at 2020-03-24 11:45 PM | Reply

"You don't. You just tend to mention local pump prices frequently as if it is relevant.
#37 | POSTED BY REDIAL "

I make no relevancy. I simply share my life as many here know.

But now that you mention it, I guess it is relevant to how the Saudis are dumping oil on the global market. However, I didn't mention cheap gas for that reason.

#38 | Posted by goatman at 2020-03-24 11:51 PM | Reply

But now that you mention it, I guess it is relevant to how the Saudis are dumping oil on the global market. However, I didn't mention cheap gas for that reason.

Also a fair point.

IMO the Saudis are out there swinging a pretty big club in the background of all the virus panic. My opinion is that has more weight on pump prices than the virus has itself.

#39 | Posted by REDIAL at 2020-03-25 12:10 AM | Reply | Newsworthy 1

IMO the Saudis are out there swinging a pretty big club in the background of all the virus panic. My opinion is that has more weight on pump prices than the virus has itself.

#39 | Posted by REDIAL at 2020-03-25 12:10 AM | Reply

I agree.

The demand has dropped while the storage fills up.Once they run out of space to store the stuff it will have a neg value.Its already below cost of produ ction for most players now.

The virus sped up the process but the Saudi's and the Ruskies were/are in a race to the bottom over production share.

The Tarsands and a lot of other more expensive producers only really existed after 1972 to stop the middle east from gouging and security.Will the heavy oil producers get bailed out by the taxpayer for losses they were facing anyway but can be now blamed on virus?

#40 | Posted by Scotty at 2020-03-25 12:49 AM | Reply

Social distancing and shuttering of businesses = people not driving and putting gas in their tanks.

#41 | Posted by JeffJ at 2020-03-25 12:51 AM | Reply

Dow 3^20,000?

Victory lap!

#42 | Posted by snoofy at 2020-03-25 12:53 AM | Reply

I give you these Fifteen....
(crash)
... Ten Commandments

#43 | Posted by snoofy at 2020-03-25 12:55 AM | Reply

Oops. It's already dropped 1.25% while not even in session on the futures market.

#44 | Posted by moder8 at 2020-03-25 12:59 AM | Reply

"Oops. It's already dropped 1.25% while not even in session on the futures market.

#44 | POSTED BY MODER8 "

The DJIA and futures markets are two different things, big guy.

And even if not, how could the drop if not in session?

No wonder you are a poor PD and not a real lawyer with money.

#45 | Posted by goatman at 2020-03-25 01:06 AM | Reply

Wow dude.

I can trade after-hours... on my IRA.
I'm not even in finance.
I'm just a guy with an IRA.

#46 | Posted by snoofy at 2020-03-25 01:09 AM | Reply | Newsworthy 1

Accident ahead.
www.youtube.com

#47 | Posted by LesWit at 2020-03-25 01:52 AM | Reply

Now that Pelosi and the Dems have gotten a deal together that will actually HELP working Americans, looks like the markets will rebound for a while. Let's hope so.

#48 | Posted by moder8 at 2020-03-25 03:22 AM | Reply

I hope you guys bought low.

#1 | Posted by goatman

Why? With moron repealing social distancing to try and save his reelection this is only going to get worse.

#49 | Posted by jpw at 2020-03-25 09:33 AM | Reply

Good point. Buy hospital stock before it's too late.

#4 | Posted by goatman

There really is something wrong with "c-c-conservatives".

#50 | Posted by jpw at 2020-03-25 09:34 AM | Reply

I hope you guys bought low.

#1 | POSTED BY GOATMAN

I took it all out at 23,500 and started day trading Crypto. It's something I had been doing casually prior with a lot less money.

I'm up 140%. I actually nearly doubled my investment in a single buy and sell at one point.

I'm making money off people like you who buy into these huge jumps in either market. Sell on the bounce and buy when it crashes back down in a couple days. Then sell again on the next bounce.

#51 | Posted by Sycophant at 2020-03-25 12:41 PM | Reply

"Good point. Buy hospital stock before it's too late.

#4 | Posted by goatman
There really is something wrong with "c-c-conservatives".
#50 | POSTED BY JPW "

There really is something wrong with anyone who paints with a broad brush. There's also something wrong with someone who fails to see a comment in context and recognize a joke.

See someone about that stutter, too.

#52 | Posted by goatman at 2020-03-25 01:45 PM | Reply

Good point. Buy hospital stock before it's too late.

#4 | POSTED BY GOATMAN AT 2020-03-24 04:54 PM | FLAG: Here's a good way to invest in that area:

Medical Properties Trust, Inc. [MPW] is a self-advised real estate investment trust formed in 2003 to acquire and develop net-leased hospital facilities. From its inception in Birmingham, Alabama, the Company has grown to become one of the world's largest owners of hospitals with 389 facilities and more than 41,000 licensed beds in eight countries and across three continents. MPT's financing model facilitates acquisitions and recapitalizations and allows operators of hospitals to unlock the value of their real estate assets to fund facility improvements, technology upgrades and other investments in operations.

Current MPW share price {as of 25 MAR} is: $16.74 with a yield of: $l.08 which is [7.59%].

I do hold shares of this for the yield.

#53 | Posted by MSgt at 2020-03-25 02:25 PM | Reply

#53 I would be very skeptical that the dividend is going to pay for much longer.

Here's a List of Companies That Have Suspended Their Dividends and Stopped Buying Back Stock
www.barrons.com

#54 | Posted by snoofy at 2020-03-25 02:31 PM | Reply

#54 | POSTED BY SNOOFY AT 2020-03-25 02:31 PM | FLAG: Agree that some will suspend, but also other's won't, that's why a decent portfolio encompasses companies in many different industries/areas, etc. as some, like oil may be down, but others, like pharmaceuticals may be up and continue to pay their dividends [or distributions like with REITS].

#55 | Posted by MSgt at 2020-03-25 03:36 PM | Reply

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