Stocks Fall After Another 1.4 Million Americans File For Unemployment
The stock market moved lower on Thursday after jobless claims came in worse-than-expected and rose for the first time in nearly four months amid the recent surge in coronavirus cases across the country. -snip
Originally posted by Robtard
Stocks Fall After Another 1.4 Million Americans File For UnemploymentThe stock market moved lower on Thursday after jobless claims came in worse-than-expected and rose for the first time in nearly four months amid the recent surge in coronavirus cases across the country. -snip
We need to stop pretending the stock market is an indicator of success for citizens maybe then we could force politicians to stop allowing the FED to prop it up 🙂
Yeah now is the time to invest in those biotch/pharma stocks associated with corona virus research 😉 Also start shorting all the food and beverage chains.
Stocks are acting weird.
They sharply dropped and are now recovering. The economic health report causes a sell-off frenzy when the markets opened. But it's weirdly recovering and now the NASDAQ is even positive for the day.
I don't even know what to say. Nothing is predictable. I thought we'd for sure tank, today. The markets are not yet closed so it could tank or skyrocket.
Stocks performed well yesterday and the S&P hit an all time high.
Now both the NASDAQ and the S&P 500 are now chasing and exceeding all-time highs with the Dow being about 1600 points away from it's all-time high.
Stocks are mostly slightly positive today as the weekly unemployment claims report dropped last week:
https://nypost.com/2020/08/13/jobless-claims-us-workers-file-963000-claims-last-week/
Again, the primary beneficiaries of this good news are the top 10%, not the working class. Oddly enough, the working class getting back to work makes the ...top 10% buy more stocks. It's like a "chicken or the egg" ordeal.
Update to the stock market:
Dow: 450 points from all time high
NASDAQ: All time high and broke 12,000 for the first time
S&P 500: All time high
Russell 2000: now 120 points away from all time high. The Russell 2000 gives a much better indication of health for small and medium sized businesses as it gives a picture of how the "little guy" is doing.
We are very close to having all time highs across the board and we have already hit records of new job growth during the post COVID-19 recovery phase.
Dow tumbles into the close as Trump calls end to fiscal stimulus talks until after election
U.S. benchmark stock indexes fell Tuesday after President Donald Trump said he would end negotiations on a new fiscal stimulus package, sending jitters into investors who hoped Washington lawmakers would strike a deal soon. -snip
Originally posted by Robtard
Dow tumbles into the close as Trump calls end to fiscal stimulus talks until after electionU.S. benchmark stock indexes fell Tuesday after President Donald Trump said he would end negotiations on a new fiscal stimulus package, sending jitters into investors who hoped Washington lawmakers would strike a deal soon. -snip
Saw that.
Here are the tweets:
Nancy Pelosi is asking for $2.4 Trillion Dollars to bailout poorly run, high crime, Democrat States, money that is in no way related to COVID-19. We made a very generous offer of $1.6 Trillion Dollars and, as usual, she is not negotiating in good faith. I am rejecting their......request, and looking to the future of our Country. I have instructed my representatives to stop negotiating until after the election when, immediately after I win, we will pass a major Stimulus Bill that focuses on hardworking Americans and Small Business. I have asked...
...@senatemajldr Mitch McConnell not to delay, but to instead focus full time on approving my outstanding nominee to the United States Supreme Court, Amy Coney Barrett. Our Economy is doing very well. The Stock Market is at record levels, JOBS and unemployment...
...also coming back in record numbers. We are leading the World in Economic Recovery, and THE BEST IS YET TO COME!
https://twitter.com/realDonaldTrump/status/1313551794623127552
Okay....WTF? What about this is bipartisan, at all? Is Trump hoping for a Red Wave so he doesn't have to deal with Pelosi?
Stocks tanked immediately after Trump's tweets. And he's not smart enough to break up his tweets like that so he had an aid post that and break it up. He likely dictated the content.
If anyone was on the fence about Trump, this should put them comfortably in the zone to not vote for Trump. If they were impacted by the terrible Trump policies and governor policies that caused the economic ruin to begin with. Does Trump understand that any support he put up for lockdowns and border closures (both proven to not work for fighting COVID-19 mortality) is what ruined the economy? He did it. Along with the governors.
And Sweden disagrees with Trump on fastest on economic recovery. Sweden's economic recovery was just a speed bump because they still had the best approach to COVID-19 response - isolate the elderly and do nothing else.
The stock market doesn't care because it's ties to the Federal Reserve means businesses have essentially infinite bailout money REGARDLESS of the country's unprecedented unemployment crisis, meaning the Stock Market is at thus point just a Plutocratic Lie that DOES NOT AT ALL represent the actual economy of the people
Originally posted by Lestov16
The stock market doesn't care because it's ties to the Federal Reserve means businesses have essentially infinite bailout money REGARDLESS of the country's unprecedented unemployment crisis, meaning the Stock Market is at thus point just a Plutocratic Lie that DOES NOT AT ALL represent the actual economy of the people
Yup!
👆
And welcome back!