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Thanks. Twitter will use this to make your timeline better. UndoUndo
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I think JPow is going to consistently wipe out shorts to fund this recovery. I’m considering backing out until we hit a new ATH and then going in the ride again. It should drop in November when Trump loses election and markets realize an adult is in charge again.
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I guess the short comes down to whether or not I think they can actually hold. I will still call his bluff
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Totally outsider take here, but is it possible that the markets are reflecting the unexpectedly positive impact of the lockdown on society? We may be shedding non-essential (dead weight?) companies, jobs, and even bad habits. Beyond temp stimulus $, maybe we are ... happier?
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alas, no, they're trading in a completely crazy way. when the market goes up, it's the stocks that you'd think are doomed leading the way (cruises, air, tourism, ticketmaster, financials, insurance) & software so on going down. robot driven, based on correlations. no one home.
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Can I subscribe to daily finance news in the style of this video?
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Can you drop your skin care routine queen?
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Yeah! You look so flawless

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There's deeper factor at play which gives 'temporary' reason for optimism. Computers only been around for 1 generation, and population boom and other things mean the world is actually creating wealth at exponential levels, so losses of past/present don't compare to future gain.
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I don't think computers have been enough to keep productivity growing quickly. I'm with Peter Thiel and Jeremy Grantham, we've had a remarkable secular decline in productivity, and the problem will not be solved until we successfully win the war against this virus.
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