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Yo the way the market and capitalists artificially rig the economy interesting to watch real time. Finna do a quick lil thread on something i seen and been connecting since i became more heavy in trades.
So this tweet was admitting how they rig it. The market literally moves off how the powerful capitalists or their mouthpieces react. Him saying this openly hilarious but I know he know the average citizen won't care https://twitter.com/realDonaldTrump/status/1260574760930545666?s=19
When sh*t was poppin in April was off the good news, stimulus hit, bailouts worth trillions hit, states tryna reopen, a huge positive after the OG lockdown news that tanked everything in March. Sh*t was going up even tho unemployment was historic.
Some vaccine news was hitting end of April too so everyone felt confident to buy. But it wasn't much material backing and it was too high. Makes no sense so what next? Time to tank the sh*t
https://www.cnbc.com/2020/04/20/cramer-says-fridays-rally-was-phony-as-stocks-open-lower.html u get a mouthpiece to say its bad when its good so that it tank and force the sell off. Plant the seed early. This April 20th.
Ish went up for anothet week but after? Started to tail off. Week of May 2nd was stagnant but airlines was good even with no flights then May 2nd after hours this hit https://www.forbes.com/sites/sergeiklebnikov/2020/05/02/warren-buffett-sells-airline-stocks-amid-coronavirus-i-made-a-mistake/
Airlines got smoked over the weekend. Whole market was down actually cuz Warren Buffet that important. He make it move. It was ugly till the 8th when this news hit https://www.genengnews.com/news/fda-clears-moderna-phase-ii-trial-for-covid-19-vaccine-candidate/ then everything went up for 2 days cuz of the good news. Investors confident etc.
It was short lived tho, over the weekend ish tanked. Monday this week it was ugly. N*ggas started selling off. Anyone who was hanging on for hope got smoked today when this hit this morning. Feds said ish ugly and the stimulus needed https://markets.businessinsider.com/news/stocks/stock-market-news-today-indexes-fall-fed-powell-economic-recovery-2020-5-1029199232
Important cuz why? New stimulus being voted in the house friday. Pelosi promising another $1200 stimulus but its $3 trillion in total why? Cuz its another corporate bailout https://twitter.com/ProudSocialist/status/1258115325607833600?s=19
Important because why? Insiders probably anticipate it being passed very soon. Feds already planted the seed more stimulus needed this morning. Remember Cramer was talking ish April 20th earlier in a link when it was up?
https://www.cnbc.com/2020/05/13/jim-cramer-shows-playbook-for-investors-to-start-buying-stocks-thursday.html this what he said today when it was smoked.
Insiders expect a rally and buy whenever its anticipated for sumn big to happen. Uber shot up randomly tuesday and everyone was buying out of nowhere, 30 mins later i saw this happened https://www.nytimes.com/2020/05/13/business/dealbook/uber-grubhub-deals.html move that would control 55% of food delivery markets in a pandemic
To sum this off. Its all a game. Even more so now than in the 1920s cuz U.S economy doesn't need factory labor like before. White collar workers and service industries plus tech dominate. The ones who control capital artificially manipulating their gains even while reg folk lose
