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brewens

(13,594 posts)
Sat Jun 13, 2020, 06:15 PM Jun 2020

When Trump crows about the stock market, how many people that drained their 401k's are happy

to hear that? I know it just took a big dive and bounced back a little, but if it recovers again somehow, we'll hear about it from Trump again.

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When Trump crows about the stock market, how many people that drained their 401k's are happy (Original Post) brewens Jun 2020 OP
Now you have idiots buying Hertz--a company that's filing bankruptcy... Bengus81 Jun 2020 #1
If One Trended The DJIA From 11/8/16 To Now... ProfessorGAC Jun 2020 #2
S&P 500 is still down 10.2% from the February high point, as of Friday's (June 12) close n/t progree Jun 2020 #3

Bengus81

(6,931 posts)
1. Now you have idiots buying Hertz--a company that's filing bankruptcy...
Sat Jun 13, 2020, 06:24 PM
Jun 2020

And Hertz wants SEC permission to issue more shares to sell to them!! Do those fools not know what happens if they do Chapter 7 BK and totally dissolve the Company? It would be one thing if they guaranteed to only file 11 or 13 reorganization but who would trust them?

Hertz could come back with a slightly different name but stock in the old Corporation will be worthless. If it was like the days gone by where you received those beautiful and elaborate stock issues on paper it might be worth buying a couple of shares.

ProfessorGAC

(65,069 posts)
2. If One Trended The DJIA From 11/8/16 To Now...
Sat Jun 13, 2020, 06:31 PM
Jun 2020

...using the average of the last 5 years of the Obama administration, the Dow would be at 27,400.
It has to go up 7.2% to get where it would have been anyway.
Why we can't use that to counter any "triumph" claimed is difficult to accept.

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