Dow gains nearly 1,200 points after worst day since 2008 crisis
Source: Market Watch
Published: March 10, 2020 at 4:42 p.m. ET
By William Watts and Andrea Riquier
Hope for U.S. fiscal response to coronavirus epidemic lifted spirits after Manic Monday
U.S. stocks closed sharply higher Tuesday after a volatile session that restored about half of the losses seen Monday when stocks saw the biggest one day fall since the 2008 financial crisis.
Tuesdays rebound was partly fuelled by a White House push to persuade Congress to agree to a fiscal stimulus package that may include a payroll tax cut to mitigate the economic impact of the COVID-19 epidemic.
Read more: https://www.marketwatch.com/story/after-a-brutal-day-stock-futures-gain-after-trump-floats-cuts-to-payroll-taxes-2020-03-09?mod=home-page
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The stock market is full of proverbial shit and the red hat incompetent traitor has no fucking clue what to do..................none....................it does not get rid of the virus.................................they are shutting down open events ...........................the long term effects have not been addressed, but this fucking stock market thinks that the Wharton school flunky has the Midas touch..........................
underpants
(182,904 posts)No. No it's not.
riversedge
(70,310 posts)SergeStorms
(19,204 posts)Especially if the republicans open SS to personal investment, or cutting it out completely. That would give people so much more money to invest and let Wall Street steal!
Wall Street is so schizophrenic right now they don't know if they should shit or cut bait. The Dow was well overdue for a huge correction anyway. Stocks cannot keep rising week after week, month after month, year after year. It's not possible, but some traders have never known a bear market.
Yeah, we can trust Wall Street to be a non-partial barometer of monetary policy.
yaesu
(8,020 posts)Yavin4
(35,446 posts)Soon to be disappointed Bargain hunters that is.
customerserviceguy
(25,183 posts)It's a sucker rally.
SergeStorms
(19,204 posts)Don't want to be over-exposed with a weekend coming up.
customerserviceguy
(25,183 posts)I know, I'm confusing Freddy with Jason.
Wellstone ruled
(34,661 posts)bailout his Shale Oil buddy Hamm to the tune of 2 billion popped,it might have continued for another day or two,but,all bets are off. Eric Swalwell will make the Orange anus pay the price for his secret phone call.
bucolic_frolic
(43,311 posts)CV numbers jump when they test. Political control meets reality.
Xipe Totec
(43,890 posts)swag
(26,490 posts)Wednesdays
(17,412 posts)Dow futures are down for tomorrow.
Midnight Writer
(21,803 posts)cstanleytech
(26,319 posts)credits those earning less than 80k can apply for and get back.
Also for those that are elderly, disabled and or that for whatever reason would not get a tax return they should be given an extra hand of say 5 thousand or so which the varies state and federal agencies are forbidden from counting as income.