DOW Tanks 400 Pts. on Biden's 1.9T Stimulus Plan

[Concerned American]

Watch that economy now. New taxes. Chicken in every pot. Guaranteed income for all. Utopia.

Dow Jones Dives 400 Points Early As Stock Market Mulls Biden's $1.9 Trillion Stimulus Plan

The Dow Jones Industrial Average pared its loss midday from a 379-point drop, as traders weighed President-elect Joe Biden's $1.9 trillion stimulus plan.

currently.att.yahoo.com

 

[Circe]

I don't think it was the stimulus plan, especially. The retail sales last month were down, unemployment is up. The recession is starting to bite. Stimulus plans usually force the market UP, not down.

Anyway, this market is so frothy and ready to crash (IMO) that I am expecting it daily. The market has been going UP while we are in the middle of 27 different catastrophes? Has to be a bubble in there somewhere.

 

[TroglocratsRdumb]

The Greedy Corrupt Democrats have bankrupt IL, CA and NY and now the other 47 states are being forced bailing them out.
Who says that Crime doesn't pay?

 

[Mac1958]

I don't think it was the stimulus plan, especially. The retail sales last month were down, unemployment is up. The recession is starting to bite. Stimulus plans usually force the market UP, not down.

Anyway, this market is so frothy and ready to crash (IMO) that I am expecting it daily. The market has been going UP while we are in the middle of 27 different catastrophes? Has to be a bubble in there somewhere.

Nutters always jump on momentary market fluctuations to "prove" a "point".

Silly stuff. The market moves on many different criteria.

 

[Concerned American]

I don't think it was the stimulus plan, especially. The retail sales last month were down, unemployment is up. The recession is starting to bite. Stimulus plans usually force the market UP, not down.

Anyway, this market is so frothy and ready to crash (IMO) that I am expecting it daily. The market has been going UP while we are in the middle of 27 different catastrophes? Has to be a bubble in there somewhere.

The market is overdue for an adjustment--that is a given. However, what we will see in the coming months is increased fuel prices/wages which will snowball as trucking/delivery costs increase, prices of all goods will increase in kind, sales taxes will increase (middle class tax increase). Less money will be available to invest and instead of an adjustment, we are very likely to see a crash and the government does not have the money to bail us out of it. Add this to the poor business climate/loss of businesses in the US due to the covid shutdowns. Welcome to the third world.

 

[C_Clayton_Jones]

Watch that economy now. New taxes. Chicken in every pot. Guaranteed income for all. Utopia.

Dow Jones Dives 400 Points Early As Stock Market Mulls Biden's $1.9 Trillion Stimulus Plan

The Dow Jones Industrial Average pared its loss midday from a 379-point drop, as traders weighed President-elect Joe Biden's $1.9 trillion stimulus plan.

currently.att.yahoo.com

This fails as a post hoc fallacy.

 

[Concerned American]

The Greedy Corrupt Democrats have bankrupt IL, CA and NY and now the other 47 states are being forced bailing them out.
Who says that Crime doesn't pay?

They are well on the way to bankrupting the entire country. They increased the debt by 25% last year and Biden is adding another $1.9T right off the bat. Leftist media outlet, HuffPost is advocating for guaranteed income for all. Who's going to work when you get Money for Nothing and the chicks are free.

 

[Concerned American]

Watch that economy now. New taxes. Chicken in every pot. Guaranteed income for all. Utopia.

Dow Jones Dives 400 Points Early As Stock Market Mulls Biden's $1.9 Trillion Stimulus Plan

The Dow Jones Industrial Average pared its loss midday from a 379-point drop, as traders weighed President-elect Joe Biden's $1.9 trillion stimulus plan.

currently.att.yahoo.com

This fails as a post hoc fallacy.

Your opinion is noted. The link is FACT and it comes from YOUR MSM. Moron.

 

[Synthaholic]

The Greedy Corrupt Democrats have bankrupt IL, CA and NY and now the other 47 states are being forced bailing them out.
Who says that Crime doesn't pay?

They are well on the way to bankrupting the entire country. They increased the debt by 25% last year and Biden is adding another $1.9T right off the bat. Leftist media outlet, HuffPost is advocating for guaranteed income for all. Who's going to work when you get Money for Nothing and the chicks are free.

Cry harder, con.

 

[TroglocratsRdumb]

The Greedy Corrupt Democrats have bankrupt IL, CA and NY and now the other 47 states are being forced bailing them out.
Who says that Crime doesn't pay?

They are well on the way to bankrupting the entire country. They increased the debt by 25% last year and Biden is adding another $1.9T right off the bat. Leftist media outlet, HuffPost is advocating for guaranteed income for all. Who's going to work when you get Money for Nothing and the chicks are free.

left wing economics is based on stealing, therefore it always fails in the end
basically the Dems are looters

 

[CowboyTed]

The Greedy Corrupt Democrats have bankrupt IL, CA and NY and now the other 47 states are being forced bailing them out.
Who says that Crime doesn't pay?

They are well on the way to bankrupting the entire country. They increased the debt by 25% last year and Biden is adding another $1.9T right off the bat. Leftist media outlet, HuffPost is advocating for guaranteed income for all. Who's going to work when you get Money for Nothing and the chicks are free.

Sorry, no one gave a shit when Trump was increasing the Deficit while the 'best economy ever'....

At least Biden is spending to save and economy and kick start it again... This is basic economics, do nothing an wait fo a depression is not an option... Biden has history of cleaning up after disastrous GOP Presidents..

 

[BluesLegend]

The Greedy Corrupt Democrats have bankrupt IL, CA and NY and now the other 47 states are being forced bailing them out.
Who says that Crime doesn't pay?

Bingo, Dems crammed a $350B blue state bailout out into the bill under the cover of Covid. Now the rest of the states get to pay for CA, NY, and IL sky high public employee pensions and cart blanch free retirement healthcare for life after only working 20 years. WE JUST GOT SCREWED

 

[22lcidw]

The Greedy Corrupt Democrats have bankrupt IL, CA and NY and now the other 47 states are being forced bailing them out.
Who says that Crime doesn't pay?

They are well on the way to bankrupting the entire country. They increased the debt by 25% last year and Biden is adding another $1.9T right off the bat. Leftist media outlet, HuffPost is advocating for guaranteed income for all. Who's going to work when you get Money for Nothing and the chicks are free.

Cry harder, con.

Balance the budget then. In real terms. No bullshit ways of doing it.

 

[Natural Citizen]

Has to be a bubble in there somewhere.

We've been on the tail end of the biggest bubble in the history of man for some time now. And it's global.

Pretty sure they're gonna purposefully poke it with a pin here soon , if the move toward digital currencies and full spectrum economic dominance (basically monitoring, controlling and reporting every single transaction one makes) is of any significance. And it is. Clearly. I believe they've alread ystrted that trial run in Australia. The Bank of International settlements has been crystal clear on their intention. Pretty much all physical mediums of exchange are on the chopping block. And that's stright from the horses own mouth.

We'll likely see a large scale trend in asset seizure over the next year or two in the mean time, as people fall behind on their financial obligations as a consequence of governments all over the world shutting down business and jobs.

 

[Concerned American]

The Greedy Corrupt Democrats have bankrupt IL, CA and NY and now the other 47 states are being forced bailing them out.
Who says that Crime doesn't pay?

They are well on the way to bankrupting the entire country. They increased the debt by 25% last year and Biden is adding another $1.9T right off the bat. Leftist media outlet, HuffPost is advocating for guaranteed income for all. Who's going to work when you get Money for Nothing and the chicks are free.

Sorry, no one gave a shit when Trump was increasing the Deficit while the 'best economy ever'....

At least Biden is spending to save and economy and kick start it again... This is basic economics, do nothing an wait fo a depression is not an option... Biden has history of cleaning up after disastrous GOP Presidents..

Please show us your economics degree. It's OK, we already know you've never taken a basic economics class in your entire useless life.

 

[Ben Thomson]

Watch that economy now. New taxes. Chicken in every pot. Guaranteed income for all. Utopia.

Dow Jones Dives 400 Points Early As Stock Market Mulls Biden's $1.9 Trillion Stimulus Plan

The Dow Jones Industrial Average pared its loss midday from a 379-point drop, as traders weighed President-elect Joe Biden's $1.9 trillion stimulus plan.

currently.att.yahoo.com

Ever hear of the term 'market fluctuations'...every day the markets go up or down a few hundred points..tanked.. LOL!!

Largest intraday point gains that turned negative These are the largest intraday point gains that closed in negative territory at the end of the trading session. In order to be considered an intraday point gain, the intraday high must be above the previous day closing price, while the opening price is used to calculate intraday highs. Rank Date Open Day high Close Highest points 1 2015-08-25 15,882.27 16,312.94 15,666.44 430.67 2 2008-10-14 9,388.97 9,794.37 9,310.99 405.40 3 2018-02-07 24,892.87 25,293.96 24,893.35 400.13 4 2020-02-26 27,159.46 27,542.78 26,957.59 383.32 5 2018-12-21 22,871.74 23,254.59 22,445.37 382.85 6 2018-12-19 23,693.33 24,057.34 23,323.66 364.01 7 2008-10-10 8,568.67 8,901.28 8,451.19 332.61 8 2020-03-03 26,762.47 27,084.59 25,917.41 322.12 9 2008-10-03 10,483.96 10,796.26 10,325.38 312.30 10 2008-10-17 8,975.35 9,281.12 8,852.22 305.77 11 2008-10-29 9,062.33 9,363.32 8,990.96 300.99 12 2019-08-01 26,879.86 27,175.59 26,583.42 295.73 13 2018-02-21 24,988.06 25,267.99 24,797.78 279.93 14 2020-03-20 20,253.15 20,531.26 19,173.98 278.11 15 2015-01-13 17,645.02 17,923.01 17,613.68 277.99 16 2020-03-31 22,208.42 22,480.37 21,917.16 271.95 17 1999-04-19 10,493.89 10,765.74 10,440.53 271.85 18 2018-06-27 24,303.11 24,569.02 24,117.59 265.91 19 2019-08-07 25,814.22 26,073.21 26,007.07 258.99 20 2014-12-16 17,173.07 17,427.44 17,068.87 254.37

Largest intraday point losses that turned positive These are the largest intraday point losses that closed in positive territory at the end of the trading session. In order to be considered an intraday point loss, the intraday low must be below the previous day closing price, while the opening price is used to calculate intraday lows. Rank Date Open Day low Close Lowest points 1 2020-03-10 24,453.00 23,690.34 25,018.16 762.66 2 2020-03-19 19,830.01 19,177.13 20,087.19 652.88 3 2018-02-09 23,992.67 23,360.29 24,190.90 632.38 4 2020-03-17 20,487.05 19,882.26 21,237.38 604.79 5 2020-06-12 25,659.42 25,078.41 25,605.54 581.01 6 2020-03-25 21,050.34 20,538.34 21,200.55 512.00 7 2018-12-10 24,360.95 23,881.37 24,423.26 479.58 8 2018-10-12 25,407.63 25,000.83 25,339.99 406.80 9 2008-10-16 8,577.04 8,197.67 8,979.26 379.37 10 2018-12-27 22,629.06 22,267.42 23,138.82 361.64 11 1987-10-20 1,949.77 1,616.21 1,841.01 333.56 12 2020-04-16 23,543.66 23,211.38 23,537.68 332.28 13 2008-01-23 11,969.08 11,644.81 12,270.17 324.27 14 2008-11-13 8,281.14 7,965.42 8,835.25 315.72 15 2018-02-06 24,085.17 23,778.74 24,912.77 306.43 16 2018-05-03 23,836.23 23,531.31 23,930.15 304.92 17 2019-10-03 26,039.02 25,743.46 26,201.04 295.56 18 2019-05-10 25,763.72 25,469.86 25,942.37 293.86 19 2008-10-23 8,519.77 8,243.55 8,691.25 276.22 20 2018-11-15 25,061.48 24,787.79 25,354.56 273.69

 

[Dragonlady]

The Greedy Corrupt Democrats have bankrupt IL, CA and NY and now the other 47 states are being forced bailing them out.
Who says that Crime doesn't pay?

Proving your name yet again, Trog.

The "greedy corrupt Democrats" - do you have evidence of greed and corruption like newspaper articles from accredited news agencies with reasonable fact check record? Or criminal charges?

Do you have something other than Donald Trump lies that these states are bankrupt? Or that red states aren't going to need bailing out too?

Blue State Bailout? Red State Residents Received Largest Stimulus Checks, And Millions In Federal Aid

Blue state bailout? The numbers don’t support the claim; any way you slice the data, the answer looks much redder.

www.forbes.com

Trump says only blue states have budget woes. He couldn't be more wrong.

The coronavirus doesn't care which party is in charge when it comes to drying up revenue needed for basic services.

www.nbcnews.com

Who says crime doesn't pay? Certainly not the Trump Crime Family:

Trump's legal battles: How six cases may play out

Defeated in the election, Trump will soon become a private citizen again. A legal storm awaits him.

www.bbc.com

https://www.cbc.ca/news/world/trump-2021-legal-challenges-1.5794891

Explainer: Citizen Trump will face legal woes

Since taking office in January 2017, President Donald Trump has been besieged by civil lawsuits and criminal investigations of his inner circle.

www.reuters.com

 

[Mac1958]

Watch that economy now. New taxes. Chicken in every pot. Guaranteed income for all. Utopia.

Dow Jones Dives 400 Points Early As Stock Market Mulls Biden's $1.9 Trillion Stimulus Plan

The Dow Jones Industrial Average pared its loss midday from a 379-point drop, as traders weighed President-elect Joe Biden's $1.9 trillion stimulus plan.

currently.att.yahoo.com

Ever hear of the term 'market fluctuations'...every day the markets go up or down a few hundred points..tanked.. LOL!!

Largest intraday point gains that turned negative These are the largest intraday point gains that closed in negative territory at the end of the trading session. In order to be considered an intraday point gain, the intraday high must be above the previous day closing price, while the opening price is used to calculate intraday highs. Rank Date Open Day high Close Highest points 1 2015-08-25 15,882.27 16,312.94 15,666.44 430.67 2 2008-10-14 9,388.97 9,794.37 9,310.99 405.40 3 2018-02-07 24,892.87 25,293.96 24,893.35 400.13 4 2020-02-26 27,159.46 27,542.78 26,957.59 383.32 5 2018-12-21 22,871.74 23,254.59 22,445.37 382.85 6 2018-12-19 23,693.33 24,057.34 23,323.66 364.01 7 2008-10-10 8,568.67 8,901.28 8,451.19 332.61 8 2020-03-03 26,762.47 27,084.59 25,917.41 322.12 9 2008-10-03 10,483.96 10,796.26 10,325.38 312.30 10 2008-10-17 8,975.35 9,281.12 8,852.22 305.77 11 2008-10-29 9,062.33 9,363.32 8,990.96 300.99 12 2019-08-01 26,879.86 27,175.59 26,583.42 295.73 13 2018-02-21 24,988.06 25,267.99 24,797.78 279.93 14 2020-03-20 20,253.15 20,531.26 19,173.98 278.11 15 2015-01-13 17,645.02 17,923.01 17,613.68 277.99 16 2020-03-31 22,208.42 22,480.37 21,917.16 271.95 17 1999-04-19 10,493.89 10,765.74 10,440.53 271.85 18 2018-06-27 24,303.11 24,569.02 24,117.59 265.91 19 2019-08-07 25,814.22 26,073.21 26,007.07 258.99 20 2014-12-16 17,173.07 17,427.44 17,068.87 254.37

Largest intraday point losses that turned positive These are the largest intraday point losses that closed in positive territory at the end of the trading session. In order to be considered an intraday point loss, the intraday low must be below the previous day closing price, while the opening price is used to calculate intraday lows. Rank Date Open Day low Close Lowest points 1 2020-03-10 24,453.00 23,690.34 25,018.16 762.66 2 2020-03-19 19,830.01 19,177.13 20,087.19 652.88 3 2018-02-09 23,992.67 23,360.29 24,190.90 632.38 4 2020-03-17 20,487.05 19,882.26 21,237.38 604.79 5 2020-06-12 25,659.42 25,078.41 25,605.54 581.01 6 2020-03-25 21,050.34 20,538.34 21,200.55 512.00 7 2018-12-10 24,360.95 23,881.37 24,423.26 479.58 8 2018-10-12 25,407.63 25,000.83 25,339.99 406.80 9 2008-10-16 8,577.04 8,197.67 8,979.26 379.37 10 2018-12-27 22,629.06 22,267.42 23,138.82 361.64 11 1987-10-20 1,949.77 1,616.21 1,841.01 333.56 12 2020-04-16 23,543.66 23,211.38 23,537.68 332.28 13 2008-01-23 11,969.08 11,644.81 12,270.17 324.27 14 2008-11-13 8,281.14 7,965.42 8,835.25 315.72 15 2018-02-06 24,085.17 23,778.74 24,912.77 306.43 16 2018-05-03 23,836.23 23,531.31 23,930.15 304.92 17 2019-10-03 26,039.02 25,743.46 26,201.04 295.56 18 2019-05-10 25,763.72 25,469.86 25,942.37 293.86 19 2008-10-23 8,519.77 8,243.55 8,691.25 276.22 20 2018-11-15 25,061.48 24,787.79 25,354.56 273.69

Yup.

I once heard a story about JP Morgan (the guy, the banker). A reporter asked him, "Mr. Morgan, what are you expecting the stock market to do in the near term?"

Morgan thought about it for a moment, and then said, "I expect it to fluctuate".

 

[Dragonlady]

The Greedy Corrupt Democrats have bankrupt IL, CA and NY and now the other 47 states are being forced bailing them out.
Who says that Crime doesn't pay?

They are well on the way to bankrupting the entire country. They increased the debt by 25% last year and Biden is adding another $1.9T right off the bat. Leftist media outlet, HuffPost is advocating for guaranteed income for all. Who's going to work when you get Money for Nothing and the chicks are free.

Sorry, no one gave a shit when Trump was increasing the Deficit while the 'best economy ever'....

At least Biden is spending to save and economy and kick start it again... This is basic economics, do nothing an wait fo a depression is not an option... Biden has history of cleaning up after disastrous GOP Presidents..

Please show us your economics degree. It's OK, we already know you've never taken a basic economics class in your entire useless life.

Speaking of which, you'd be well advised to do the same, since you made no effort whatsoever to refute the Cowboy's very astute comments on Keynesian economics.

 

[2aguy]

Watch that economy now. New taxes. Chicken in every pot. Guaranteed income for all. Utopia.

Dow Jones Dives 400 Points Early As Stock Market Mulls Biden's $1.9 Trillion Stimulus Plan

The Dow Jones Industrial Average pared its loss midday from a 379-point drop, as traders weighed President-elect Joe Biden's $1.9 trillion stimulus plan.

currently.att.yahoo.com

You ain't seen nothing yet...

Never trust your economy to a political party that gains power as people become less wealthy....