News Dow bouncing around -1000

[K1052]

*glances at indexes*

Maybe all the happy talk until this point was a tiny mistake.

 

[K1052]

Oh good Trump gives himself a 10.

 

[MomentsofSanity]

Wooohoo market's closed! Called it! 2999 down!!!

I hate my job.


Fuck everybody!


I'm going to get drunk...

 

[JSt0rm]

Wooohoo market's closed! Called it! 2999 down!!!

I hate my job.


Fuck everybody!


I'm going to get drunk...

best do it alone.

 

[Paratus]

The good news is that the market will never reach zero by dropping 10% per day.

Zeno’s shitstorm market paradox.

 

[conehead433]

The stock market President! Indeed

 

[MomentsofSanity]

best do it alone.

Yeah we work in a veritable petri dish of close proximity... We are all fucked here.

 

[JSt0rm]

Mr president! mr president! Do you take any responsibility?

Hell no.

 

[cytg111]

Yeah we work in a veritable petri dish of close proximity... We are all fucked here.

Someone should start a club "Had Covid19 and survived" ... those folks can get together and hang out.

 

[dank69]

"The market will take care of itself once we get rid of this virus" -Leadership

 

[ElFenix]

"The market will take care of itself once we get rid of this Leadership"

ftfy

 

[K1052]

Since Black Monday is already taken what do we call this? Orange Monday?

 

[vi edit]

Since Black Monday is already taken what do we call this? Orange Monday?

"The day we were finally tired of all this winning"

 

[IronWing]

Today it takes a 20% smaller point drop to hit the circuit breaker than last week, so unfair, circuit breakers are fake news. Tomorrow is even more unfair, 30% smaller point drop than last week. It's a hoax, a total hoax. People should be ashamed.

 

[JSt0rm]

i like how the fed gave piss baby what he wanted with 0% and it didnt help.

Now he says the market will take care of itself.

 

[sportage]

With restaurants closing, theaters closing, bars closing, schools closing, churches suspending services, with all of this and so much more it is inevitable.... INEVITABLE that markets will get much much worse than anyone can imagine. How would, could America deal with another stock market crash? A great depression? How HOW... can so many business close resulting in so many employees out of a job and the economy still expected to survive?
Can the government REALLY deliver paychecks and cash to the massive numbers of the suddenly unemployed? We all know how the government works.
What happens when families have no income, no food, total desperation? I do not want to say the words, but we all know what would happen. It's just too too bad America has so many damn guns.
This could be more than a pandemic, this could become an apocalypse.

 

[Puffnstuff]

Trump should take credit for the largest DOW drop in history that occurred today on his watch.

 

[IronWing]

Trump should take credit for the largest DOW drop in history that occurred today on his watch.

He's #2 on a percentage basis, up from #4 last week.

 

[Vic]

Trump should take credit for the largest DOW drop in history that occurred today on his watch.

Donald J Hoover

 

[IronWing]

more fun than baseball stats:

List of largest daily changes in the Dow Jones Industrial Average - Wikipedia

en.wikipedia.org

 

[JSt0rm]

With restaurants closing, theaters closing, bars closing, schools closing, churches suspending services, with all of this and so much more it is inevitable.... INEVITABLE that markets will get much much worse than anyone can imagine. How would, could America deal with another stock market crash? A great depression? How HOW... can so many business close resulting in so many employees out of a job and the economy still expected to survive?
Can the government REALLY deliver paychecks and cash to the massive numbers of the suddenly unemployed? We all know how the government works.
What happens when families have no income, no food, total desperation? I do not want to say the words, but we all know what would happen. It's just too too bad America has so many damn guns.
This could be more than a pandemic, this could become an apocalypse.

take a breath

 

[K1052]

Mnuchin is supposed to detail an $850B-ish stimulus package to the Senate GOP today. Details still in flux about what that will entail. Of course they still need to negotiate with the House but the Senate wants to move a big number bill this week so they can leave.

Some word that the Fed may make major move on short term credit for biz.

 

[uallas5]

Mnuchin is supposed to detail an $850B-ish stimulus package to the Senate GOP today. Details still in flux about what that will entail.

Call me Captain Obvious but my guess is a big chunk of that will be some sort of tax cut that will do fuck all for the lower class and those about to become unemployed, marginally help the middle class, and throw gobs of money at the top 10%.

 

[fskimospy]

Call me Captain Obvious but my guess is a big chunk of that will be some sort of tax cut that will do fuck all for the lower class and those about to become unemployed, marginally help the middle class, and throw gobs of money at the top 10%.

Yup, it’s a payroll tax cut, meaning all the people who just got laid off would get nothing.

 

[K1052]

There is a lot of conflicting reporting right now. Some says a payroll tax is being pushed still and some says there is growing support for cash payments to individuals.