News Dow bouncing around -1000

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K1052

K1052

Elite Member
Aug 21, 2003
46,046
33,093
136
Reportedly the airline bailout package the WH is eyeing will cost upwards of $60B.

They better not just be looking out for the airlines. Thousands of small and medium businesses at risk didn't blow all their money on stock buybacks, those people should get a leg up too.
 
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Brainonska511

Brainonska511

Lifer
Dec 10, 2005
24,075
6,887
136
K1052 said:
Reportedly the airline bailout package the WH is eyeing will cost upwards of $60B.

They better not just be looking out for the airlines. Thousands of small and medium businesses at risk didn't blow all their money on stock buybacks, those people should get a leg up too.
Click to expand...
We also shouldn't just hand the airlines money, no strings attached. I'd say we need some pro-consumer strings attached, but based on this adminstration's track record with the best deal maker, I don't foresee that happening.
 
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zzyzxroad

zzyzxroad

Diamond Member
Jan 29, 2017
3,244
2,260
136
glenn1 said:
The left will resist that hard. They can't mentally reconcile the idea of "the rich" getting a payout even if it's in emergency situations and will attempt to make a final stand (prediction mode: ON) of only allowing payments to families making $65k or less. You've already seen the pushback on the idea of a payroll tax holiday since "what about people without jobs?"
Click to expand...

Are you just knocking ideas or do you actually have thoughts on what can be done to help?
 
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[DHT]Osiris

Lifer
Dec 15, 2015
14,110
12,210
146
glenn1 said:
The left will resist that hard. They can't mentally reconcile the idea of "the rich" getting a payout even if it's in emergency situations and will attempt to make a final stand (prediction mode: ON) of only allowing payments to families making $65k or less. You've already seen the pushback on the idea of a payroll tax holiday since "what about people without jobs?"
Click to expand...
Huh? 'The Left' (bum bum BUMMMMMM) has been a big proponent of 100% UBI for a few years now, and I'm not aware of many say 'buuuuuut' as a rider on it. The whole point of ditching our current myriad social systems for a flat $2k/mo or whatever was to reduce the complexity, not increase it with another if-this-then-this system.

Are you sure you aren't just trying to stir the pot, Glenn?

A republican came up with it, isn't it enough to just support them during a crisis? How much worse does shit have to get before you put down your fucking pitchfork and come to the table?
 
Bitek

Bitek

Lifer
Aug 2, 2001
10,647
5,220
136
I've been watching UVXY (ultra short etf of market) but I'm always too pv$$¥ buy it..

But it's gone from 10 to $80 since the start of this thing. Lol
 
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uallas5

uallas5

Golden Member
Jun 3, 2005
1,426
1,548
136
Presser going on right now. Trump starts speaking and the market drops by 2%. He really should have these after the markets close.
 
K1052

K1052

Elite Member
Aug 21, 2003
46,046
33,093
136
Watching Trump on tv is making me almost uncontrollably crave three fingers of bourbon.
 
K1052

K1052

Elite Member
Aug 21, 2003
46,046
33,093
136
If the real projection is August we're gonna need a stimulus counted with Ts not Bs.
 
JSt0rm

JSt0rm

Lifer
Sep 5, 2000
27,399
3,947
126
glenn1 said:
The left will resist that hard. They can't mentally reconcile the idea of "the rich" getting a payout even if it's in emergency situations and will attempt to make a final stand (prediction mode: ON) of only allowing payments to families making $65k or less. You've already seen the pushback on the idea of a payroll tax holiday since "what about people without jobs?"
Click to expand...

Hows your 401k tho.
 
MomentsofSanity

MomentsofSanity

Lifer
Jan 25, 2011
16,591
8,674
146
Can we hit 3000 down in the next ten minutes?

I think we will hit it... not sure we will stay here. It's going to be close with all the sell offs.
 
V

VRAMdemon

Diamond Member
Aug 16, 2012
6,461
7,636
136
Yes ...Trump is making things worse whenever he opens his "lie" hole, but I think the overall market would look about the same no matter who was president. Just about every market world wide is down about 30% from its high, same as the US. You can't have a almost everyone in the world stay home for a few weeks/months without massive damage to the economy.
 
Vic

Vic

Elite Member
Jun 12, 2001
50,415
14,305
136
MomentsofSanity said:
Can we hit 3000 down in the next ten minutes?

I think we will hit it... not sure we will stay here. It's going to be close with all the sell offs.
Click to expand...
Nasdaq under 7k, S&P under 2500, Dow dropping below 20k isn't looking like a stretch goal anymore.
 
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