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Shorts have all covered their position over the last two days, time to start shorting again. SEC & govt are doing nothing. Saw an article the other day on shorting volume over the last month, It’s up over 40 billion dollars. They stand by as the speculators and hedge managers are savaging the savings of average Americans, most of whom have no idea of the theft happening behind the scene on Wall Street.. 40 + billion people in additional short positions.

Try selling your neighbors car tomorrow, getting all the cash and then paying him back later when it’s worth less. See how long you stay out of jail.
Oh if you don’t know what shorting is,, you sell stock you don’t own, it’s borrowed from the brokers registry and they put the money in your account. At some point later, when the price is lower you buy the stock and net the difference.

> Bill passes, Dow/S&P/NASDAQ future drop.

OK (how much? link?).

IIRC the bill only covers about 50% of the employer cost of retaining employees, depending how one calculates the cost of retaining employees, during the crisis.

The problem may therefore be that the bill does not actually give enough relief to employers. In many cases, actual business is down more than 50%, and it is beyond the control of business owners when it will return. Employers are going to shed employees regardless of the bill, and some employees are going to take the mercenary tack and go for the effective short term pay raise. To address this problem, a fourth bill might be anticipated, containing yet more spending (and possibly the prospect of more Pelosi pork provisions).

In one of the headlines, Cuomo is whining that the bill in its current form (?) does not contain nearly enough provisions for New York.

I think this is one reason why Trump is trying to control the narrative by talking up the possibility of getting the country back to work by Easter. Otherwise, it’s a mess, and will likely get worse. And of course the Democrat angle of attack is anything that hurts Trump’s reelection chances is good for Democrats (and therefore good for the nation in the longer term, in their view).