Posted on 03/24/2020 7:02:08 AM PDT by knighthawk
U.S. equity markets surged Tuesday morning amid investor optimism that members of Congress will overcome their differences to reach a deal on a $1.6 trillion COVID-19 stimulus package.
The Dow Jones Industrial Average surged 1,079 points, or 5.8 percent, in the opening minutes of trading, while the S&P 500 and Nasdaq Composite gained 5.3 percent and 5.1 percent, respectively.
The early gains came after the major averages plunged Monday despite the Federal Reserve announcing it would buy unlimited amounts of assets to support the economy. Monday’s 3 percent drop left the Dow at a three-year low and on track for its worst month since September 1931, one of the earliest years of the Great Depression, according to Dow Jones Market Data.
(Excerpt) Read more at foxbusiness.com ...
Mnuchin deserves a huge amount of credit for this. Single-handedly got this done, and then renegotiated with the opposition.
He deserves a ton of praise.
At what price? Be afraid be very afraid.
$1.6T. It's right there in the headline.
:)
America’s “investors” are so fickle.
George Soros is probably playing the market like a Stradivarius.
According to Liberty Daily, Pelosi’s “stimulus” package includes $300 million for illegals. WTH!
Okay and yes it’s is a obscene amount of money with 0 spending offsets and the Rat poison pills? What about them?
House is now at 2.5T and Senate at 2.0T
The Senate Bill correct? Not Pelosi's Green new deal crap I hope.
REALITY CHECK Democraps are buying time....they are furiously setting up money laundries
using the old Demoncrat standby "Its for the children" to siphon off as much as they can."
WAIT FOR IT: The "Pay-Me-I'm-A-Victim" script will arrive next.
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The worst thing in the Democrat bill is the REQUIRED (A) balloting by mail and (b) ballot harvesting.
The Demons are revving up their vote fraud machine to new levels of thievery to cheat even more and to steal even more elections.
As I’ve long said of these Keystone Keynesians, they think bad times demand more spending and good times are an excuse to spend more. The “price” is that once they’ve upped the ante in their endless cycle of economic masturbation (not mere pump priming now) they’ll find excuses to not back down ... spending is power after all, more piggies sucking on the teat of other people’s tax money.
The price is not just in $$$$.
It was a joke, guys. Lighten up a bit. We're all going through a rough time.
The two bills get ironed out in conference. What sausage actually comes out, who knows? Pelousy may have deliberately crammed so much crap in her bill that she knew there was no way it was all going through. But in committee, enough of it will.
Every kid knows, if you want a cat, ask for a pony.
Equities have bottomed here. Buy buy buy.
Soros is 90 and hasn’t traded actively in 25 years.
Senate bill, yes.
Sorry posted to your comment vs the intended one about the amount of the bill. But good sarcasm on your post:)
Is it due to congress or because Trump said we’re going back to work?
Any deal that gives the Dims anything in their wish list is not a good deal.
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