TheStig wrote:musiqsoulchild wrote:PlayerUp wrote:
I hope you're not expecting this. This isn't something Trump nor Biden plans to move forward with and Congress can't even agree on a police reform which both parties want. Not saying what you want is a bad idea just saying there is virtually a 0% chance of this quickly happening with the current/new potential upcoming congress.
I think you are underestimating what we are about to see in the next year or so.
This coming recession will make 2009 look easy.
How can you say that? Mcconnell says we've had too much stimulus and the $600 a week boost to unemployment is discouraging people from working

the stock market is strangely discounting the possibility that we're in for tough times ahead. i almost shorted america at the end of last month and if we keep climbing in the next couple of weeks i likely will at the end of this month. each of the last 2 recessions we had a recovery before the long-term drop
-april 2000 - 14% drop from previous month's record high
-sept. 1 - height of recovery - back up to 98% of record high
-after that 5 mo. recovery, market lost half its value over the course of 2 years-5 year recovery
-early july 2007 - 12% drop after barely reaching record high from 7 years earlier
-late oct. 2007 - full recovery to another new record high
-after that 4 mo. recovery, market lost 57% of value over the course of a year and a half-4 year recovery back to record high plus another 7 years of record highs
-feb. 2020 - whopping 36% drop in less than 2 months
-as of today, we've recovered 86% of those losses
-after 4 mo. of recovery thus far...?