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Business, Economics, and Taxes: Capitalism. Yay? >=(

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Handyman said:
CNBC TV is blaming it on the stimulus...some think earnings wont have much of an affect of mitigating that.

The travel numbers are hurting as well. Airline numbers are down because of the Rona so that is dragging things down as well.
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Yup. That's the spin they're going with for now.

Loved the little dig at the current administration when one of the Fast Money Half Time crew said that the market "just wants guidance on what's going to happen with Coronavirus, and maybe the market will have to wait until January for that guidance."
 
aparch said:
Yup. That's the spin they're going with for now.

Loved the little dig at the current administration when one of the Fast Money Half Time crew said that the market "just wants guidance on what's going to happen with Coronavirus, and maybe the market will have to wait until January for that guidance."
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Yeah they are definitely not being shy about their blame...and the host sounds like he is having a panic attack!
 
aparch said:
Whats amazing are the replies that don't understand that the market is not the economy.
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No, the market is now heading toward where the economy is.

Only bright spot is if it continues, it might actually spur them into doing something to help people. The only thing that seems to matter to them is if the markets are ok. Everyone else can just get fucked.
 
Well when things are looking so bleak that Wall Street is openly begging for a Democrat who plans to raise taxes to win over a Republican Businessman you know we are in peak 2020...
 
With news that the White House reaction to stimulus AND Coronavirus response is simply ¯\_(ツ)_/¯, the market has responded with two straight days in the sh*tter. Dow down 3% today currently, down almost 6% from last week.

Worst drop since the "Covid Wave 1.5/2.0" in June.

Europe going under widespread lock downs, could be scaring the US market.
 
Oh my God they actually went through with that crap? All because they wouldnt let Trump and his Comrades spread outright lies? They really dont care if they win or lose at this point...

https://mobile.twitter.com/atrupar/status/1321477131646414851

Schatz: "We have to call this hearing what it is, it's a sham. And so for the first time in my 8 years in the US Senate, I'm not going to use my time to ask any questions because this is nonsense, and it's not going to work this time."
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aparch said:
Yup. And the GOP senate will likely push for a repeal of § 230 because their feelings got hurt, causing chaos on the internet in the US.
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Which is obviously making Wall Street happy since the Dow (the literal only thing Trump runs on anymore) is tanking again...and is down almost 1700 points since Friday.

Remember when "Earnings Week" was going to prop things up?
 
FadeToBlack&Gold said:
(((Soros))) is probably calling in his favors to make it crash. ;-)
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Man...his power is elite! Down 942 points today.

Again we are living in peak 2020 when Wall Street is begging for the Democrats to win the Presidency and raise taxes and regulations on them. That is where we are at though because Trump has destroyed the country with COVID and the rest of the clowns are more worried about telling companies how to run their business than they are setting up stimulus.
 
Handyman said:
Man...his power is elite! Down 942 points today.

Again we are living in peak 2020 when Wall Street is begging for the Democrats to win the Presidency and raise taxes and regulations on them. That is where we are at though because Trump has destroyed the country with COVID and the rest of the clowns are more worried about telling companies how to run their business than they are setting up stimulus.
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I would not be surprised if the lion's share of Fortune 500 companies' contributions went to Democrats this cycle. They like to back winners. They do not go on Quixotic quests for ideological purity.

As for taking their dirty money,

images
 
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