Hope folks have been following

[Wellstone ruled]

Fed Chairman Powell's briefing today. Just listening to the Q&A,folks,we are in for a long long time before our Nations Job Picture even thinks about improving. And he talked in detail how the Economy will leave AA folks as well as Women way behind in the recovery.

Folks,we are in for one hell of a slog,Banks will be tightening up lending rules as well as being told to increase their reserves and not pay Dividends or Bonus's.

Looks like zero recovery until mid 2021 .

[lagomorph777]

1. No recovery if Trump stays in power.

Ever.

[brush]

2. Any mention of interest rates?

[Wellstone ruled]

8. Powell said,the rate will hold steady at 0 -.25% for the near future.

Also,if things go south,he will be the first to demand a massive relief package. He spoke in a manner as if he has broke away from Trump and his Swampper's .

Nothing will change until the Covid is totally under control.

[magicarpet]

3. Negative interest rates to spur any sort of economic investments ?

[Nictuku]

4. Yet the Dow is up 200+ points

Something wrong with this picture.

[stopdiggin]

7. not saying it's good

but the news (Fed comments, stimulus package emerging) is probably a bit more positive (from a market sense) than it has been on other days when the markets climb.

Overall though -- I find it totally incoherent.

[Wellstone ruled]

9. All driven buy ten stocks.

And the rest is just options and Futures speculation.

[RANDYWILDMAN]

5. it has been a house of cards for a while

This is not that surprising

[Tbear]

6. The Feds Have Pumped Billions

into the bond markets. House of cards indeed.
Mid 2021 if everything goes right, big if.