Yesterday Killa Con, the WIPE found the podium to boast about the Dow reaching 30,000

[malaise]

despite his previous noise about the Stock Market crashing if Biden were elected.
I'm looking for him to head to the podium today for yesterday was also the day when the largest number of people died on one day from Covid 19 - 2,146.

Don't hold your breath for a word from this monster of a coup plotting failure

[Bernardo de La Paz]

1. There have been 14 days with higher Covid deaths in 2020. . . . nt

[malaise]

3. I saw that on CNN

Thanks

[IronLionZion]

2. The stock market is ridin with Biden

Last edited Wed Nov 25, 2020, 10:42 AM - Edit history (1)

because investors believe the Biden administration will get this pandemic under control. We need to win GA Senates seats to pass legislation though.

[lastlib]

5. S&P500 is up 7% since election day...

Dow is up about 9.25%, and the NASDAQ Composite is up 7.5% in the same time frame. Yes, it's partly driven by vaccine-optimism, but there is a sense among investors that the tRump-chaos is ending soon, and some rationality will be restored. Investors hate chaos and uncertainty.

[George II]

4. The only gauge I have is some Honeywell stock that I was given when I worked for them....

....back in the late 1980s/early 1990s.

On Election Day it was 179, it closed yesterday, 22 days later, at 207. Looks like trump was wrong about that crash.

[klook]

6. I noticed Donny Smallhands actually mentioned the coronavirus at the briefing yesterday,

only to say the stock market had hit 30,000 -- that "sacred number" -- "despite the pandemic." Might as well have said "despite the Democrat witch-hunt hoax." I can't wait for this toxic twerp to be gone.

[malaise]

7. Good spot

He's sick and evil

[leftyladyfrommo]

8. 64 seconds. Was that the shortest time ever? nt

[paleotn]

9. At the end, while the mics were still hot....

someone in the press corp said..."well, that was weird as shit."

No one can or should take credit for the Dow at 30K. Nice, but unsupported. We're still bleeding nearly 800K jobs a month and it's rising again. I know Joe will get us back on track, but make no mistake, it's going to be a long slog. Shit head caused way too much damage and McConnell did little to nothing to mitigate it.

[klook]

10. Yeah - if the stock market represented the economy of everyday people

it would be in the crapper. And it may still be headed there, with so little substantive justification for a boom. Fortunately the Biden team know how to manage and recover from adversity, in ways that actually matter to regular (non-millionaire) Americans.

[paleotn]

11. That they do. Many were around for the clean up after the last Republican disaster.

They will do the right things to get us back on track, but they're not magic. It's going to take time, just like in 2008 / 2009. Wide spread vaccination won't happen until the Spring / Summer. This Winter is going to be rough, taking an even deeper toll on businesses both large and small. Particularly small businesses. The key is what Biden's admin can get past Congressional Rethugs, who have no incentive to help out. They've proven for the 4,567,893 time that they don't give a shit about the average American. The two GA Senate seats are even more important than we already think. They're absolutely crucial to any kind of short term economic damage mitigation and the speed of recovery. I really don't think any of those worries are priced into the Dow and S&P. Seems like the usual Wall Street unicorns and ponies for everyone.