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Futures are up 1,000 points on Trump’s great plan to ease taxes and fight economic damage from covid19.
It should bring a immediate boost but I don't honestly think we are out of the woods yet. Just yesterday Italy shut down and I doubt that'll be the only country to do so. Only three states right now are proactive states of emergencies. US cases have hit 700 and most are becoming community outbreak rather than people who came back from Asia. We just see a very volatile market and a pandemic that is shutting work places down.
Futures are up 1,000 points on Trump’s great plan to ease taxes and fight economic damage from covid19.
Well, so much for that.
Dow is now DOWN 100 points or so (keeps changing of course). Turns out that Trump was just shooting his mouth off (as usual). There is NO plan, there's just a few "ideas" from Trump that haven't even been run past Congress yet. Some kind of action will probably be agreed upon eventually, but who knows what that will be - or when - or just HOW effective it will be.
Meanwhile the number of cases grow. The National Guard is deployed in New York state, Harvard is kicking students off of campus and going to "virtual" environment (at least for a while), flights keep being suspended and concerts cancelled, etc, etc, etc.
We might get lucky and the warmer weather of spring stops the virus in it's tracks before it really takes off, but no one knows for sure how the weather will affect the virus' spread.
Ken
Last edited by LordBalfor; 03-10-2020 at 10:47 AM..
Do you ever have an original thought or idea? Or is it pretty much always youtube and the crap from Hollyweird?
I can’t compete with the stuff you guys come up with. So I leave the creative writing to you guys.
Cant wait to see what is written about chemtrails or deepstates...
Well, so much for that.
Dow is now DOWN 100 points or so (keeps changing of course). Turns out that Trump was just shooting his mouth off (as usual). There is NO plan, there's just a few "ideas" from Trump that haven't even been run past Congress yet. Some kind of action will probably be agreed upon eventually, but who knows what that will be - or when - or just HOW effective it will be.
Meanwhile the number of cases grow. The National Guard is deployed in New York state, Harvard is kicking students off of campus and going to "virtual" environment (at least for a while), flights keep being suspended and concerts cancelled, etc, etc, etc.
We might get lucky and the warmer weather of spring stops the virus in it's tracks before it really takes off, but no one knows for sure how the weather will affect the virus' spread.
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Just a summary of the stock market for the past 2 weeks...
Morningstar - Market sell off was a gross overreaction to a severe but manageable fli
