DOW futures down over 800 around 7 AM.
News stories, and there are many to choose from to post here, are using the cover that it is due to covid variants. Is it?
Deep States aren’t happy with their hoi polloi.
Therefore beatings will continue until morale improves.
Lots of theories...i am going with feds leaked to GS about raising rates which led to caution from GS and their stock taking a dive
These type headlines are absurd.
COVID drops market.
It’s not oil price. It’s not Russia threatening Ukraine. It’s not rampant inflation. It’s not consumer confidence. It’s not a host of other negative indicators.
It is definitely the COVID striking us down.
Yeah, uh, new Corona variant. That’s what caused it. Definitely not Democrat legislation, Joe Biden’s bungling if the economy, or proposed and actual trillions of new spending that won’t grow an economy.
The original “virus” hasn’t been isolated. If the original “virus” hasn’t been isolated, how could the existence of any “variants” be proven?
The whole stock market feels like December 1999.
In April 2000, the NASDAQ began the dot-com meltdown and proceeded to drop 70%.
Inflation, supply chain issues, printing money, heavy debt loads with low interest loans, housing bubble, construction materials sky-high, labor shortages and rising wages, etc.
Maybe a “Minsky Moment” (when everyone suddenly and all at once realizes they are at the peak of a bubble and panic sell)?
TARF excuse. Plain
MBSs and CDOs in trouble again. Autos/vehicles, deflation less money in circulation due to high prices.
Housing MBSs . Wages unable to offset cost of living prices.
Watch for another coming TARF and Stimulus.
BOO! OK, investors are SPOOKED. In before ‘spooked’ becomes a banned word.
“the discovery of a new and possibly vaccine-resistant coronavirus variant”
Who believes this propaganda garbage?
Here’s an original source of the hysteria:
https://www.theguardian.com/world/2021/nov/24/scientists-warn-of-new-covid-variant-with-high-number-of-mutations
“Only 10 cases in three countries have been confirmed by genomic sequencing“
TEN CASES!!!!
“The Biden Plan is working.”
“America is back!”
- Joe Biden
The ProStab Freepers who have lined their Judas pockets with silver by owning Pfizer and Moderna stock are gleeful this morning!!
Congratulations, media.
They’re gearing up for the 2022 midterms.
They see the Red Tidal Wave coming and have to do “something” to stop it dead in its tracks.
It worked so well for em the last time, that they’re gonna use it again. Their timing is impeccable, and they’re not fooling everybody on this trip.
It will never end till we make it end.
Oh, great. Fauci and Biden will be on television non-stop thru New Year’s telling everyone to remain in lock-down.
Said on Bloomberg Asia last night the new variant so far has been 98% asymptomatic.
Ah, the typical Freeper expectations that the stock markets are finally going to crash. Dow has gone from roughly 31,000 to 36,000 under Brandon. They’ve made the rest of our investment options so bad, including an accelerated devaluing of the dollar, that most serious investors have no choice but to invest in stocks. That, along with the woke money, a lot of which is in tech, will likely keep the stock markets from crashing unless the entire planet implodes.
I posted something like this before and got flamed by Red Badger or some such nut like that.