The Dow Jones Industrial Average (DJIA) finished up 2.2% at around 25,548 on Wednesda

dukkha said:
Pelosi has a fresh batch of cash ready to be flushed thru the system.
And she's working n making Blue States whole despite their mismangement
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Does anybody raise Taxes to pay for this, or do we rely on massive inflation to solve the Problem?
 
WOW.

So that means since the tax cut started on 1/2/18, the DJIA has grown a mere 800 points in about 29 months, which is the worst growth since the Great Recession.

I'm old enough to remember when the promises made of the tax cut were that it would send the DJIA into the stratosphere...which it didn't really even do prior to COVID.
 
The stock market is not the economy. It's ups and downs should show they have been decoupled for years. It does indicate that the wealthy are making big bucks off the crisis.
 
Nordberg said:
The stock market is not the economy. It's ups and downs should show they have been decoupled for years. It does indicate that the wealthy are making big bucks off the crisis.
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Wrong.

What Percentage of Americans Owns Stock? - Gallup Poll
news.gallup.com › poll › percentage-americans-owns-stock
Sep 13, 2019 - Learn what percentage of Americans invests in the stock market in this short answer from Gallup. ... Gallup found 55% of Americans reporting they own stock in April ... in mutual funds or retirement savings accounts, like a 401(k) or IRA. ... stock ownership and Americans' views of the best type of investment.
 
Bourbon said:
This means quite a lot to the 41 Million people who are now Unemployed :rolleyes:
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The recovering economy means a great deal to all Americans except the far left loons in the Democrat party (almost all of them are far left loons now).

It means jobs returning, food on the table for Americans and their families.

The harm to our economy and economies around the world was caused by the virus from China that China failed to contain.

How typical for the Democrats to blame the president instead of the Communist Chinese Government.

They are now the "useful CCP idiots."
 
Poor Richard Saunders said:
Booming economy? The restaurant and hotel business isn't going to be booming any time soon.
Airlines are going to be not booming for years.
All of this will trickle down.

Tesla announced they are reducing car prices to try to incentivize sales.
Boeing is planning to layoff tens of thousands.
There isn't going to be this great boom. We will be hurting for the next couple of years.

The good news is, people like you are now making me money as I can bet against your optimism.
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Take a hike, CCP useful idiot.
 
Earl said:
Post proof, with links, that I did not buy anything on any date, Jacky.

I'll wait...
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Earl. You sat there, sucking your thumb, whimpering like a little girl.
Jacky, on the other hand, backed the truck up and loaded up on the Triple Q @ $168.21/sh.
Now. This is what I want you to do.
Go into the bathroom. Look in the mirror. Then, punch yourself in the face as hard as you can.
After you recover. And with an ice pack on your face. I want you to describe, in detail, the excruciating pain you leveled upon yourself for being a Snowflake.
Remember, don't leave out any of the details, I want to hear every delicious bit of pain you suffered!
 
Earl said:
MarketWatch
The Dow just punched above an important line in the sand that may signal that a record high is next
Mark DeCambre
11 hrs ago


"The Dow closed above a key technical level that is viewed by market technicians as signal that a new bullish trend may be at hand.

The Dow Jones Industrial Average (DJIA) finished up 2.2% at around 25,548 on Wednesday, with the market buoyed by optimism around business reopenings after being locked down for the past several weeks due to efforts to curb the spread of the COVID-19 pandemic.

The Dow’s rally on Wednesday afternoon represents a steady move toward retracing 61.8% of the 124-year old benchmark’s coronavirus selloff from its record high in February to a low late March.

The blue-chip benchmark’s finish at 25,364.89 on Wednesday, signals to market technicians that a new trend has been established and that the next move for the Dow may be eclipsing its record high put in on Feb. 12 at 29,551.42 (see attached chart).

“The breakout supports a full 100% retracement of the downdraft, so targets February’s high, and the same will apply for the [Dow industrials],” Katie Stockton, market technician and founder of Fairlead Strategies, told MarketWatch of the Dow’s retracement, while also referencing the S&P 500’s retracement, which was decisively cleared last week.

Indeed, the S&P 500 (SPX) and the Nasdaq Composite (COMP) indexes have both retraced at least 61.8% of their declines between February and March due to the economic impact of the coronavirus pandemic. The S&P 500’s 61.8% retracement was at 2,947.33 and it is now headed for its first close above its 200-day moving average above 3,000, also viewed by technical analysts as a bullish sign of momentum in an asset."

marketwatch.com
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This has to make the morons on the left sad. ;)
 
Jack said:
Sooooooo ... does this mean Trump keeps printing money to send to the Worker Drones as they lay around all day smoking weed and watching cartoons?
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Funny how you hypocrite leftist hacks never cared about all the money Obama printed. STFU, seriously.
 
Jack said:
Raising Taxes would take Courage. So, yeah, maybe.
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courage right into the poor house.
The economy is floating on free money (interest) and pumped up PPE and such.
Befoer Dems start salivating at mo' money they can waste, it has to grow and stabilize.

Biden doesn't get his ( or anything else) and wants to raise taxes on da rich. Biden is now a dumb ass progressive
 
Jack said:
Earl. You sat there, sucking your thumb, whimpering like a little girl.
Jacky, on the other hand, backed the truck up and loaded up on the Triple Q @ $168.21/sh.
Now. This is what I want you to do.
Go into the bathroom. Look in the mirror. Then, punch yourself in the face as hard as you can.
After you recover. And with an ice pack on your face. I want you to describe, in detail, the excruciating pain you leveled upon yourself for being a Snowflake.
Remember, don't leave out any of the details, I want to hear every delicious bit of pain you suffered!
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So, you have no proof.

Post proof, with links, that I did not buy anything on any date, Jacky.

I'll wait...

Then, take a hike, Jacky.
 
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