Dow gains nearly 1,200 points after worst day since 2008 crisis

[turbinetree]

Source: Market Watch

Published: March 10, 2020 at 4:42 p.m. ET
By William Watts and Andrea Riquier

Hope for U.S. fiscal response to coronavirus epidemic lifted spirits after Manic Monday

U.S. stocks closed sharply higher Tuesday after a volatile session that restored about half of the losses seen Monday when stocks saw the biggest one day fall since the 2008 financial crisis.

Tuesday’s rebound was partly fuelled by a White House push to persuade Congress to agree to a fiscal stimulus package that may include a payroll tax cut to mitigate the economic impact of the COVID-19 epidemic.

Read more: https://www.marketwatch.com/story/after-a-brutal-day-stock-futures-gain-after-trump-floats-cuts-to-payroll-taxes-2020-03-09?mod=home-page

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The stock market is full of proverbial shit and the red hat incompetent traitor has no fucking clue what to do..................none....................it does not get rid of the virus.................................they are shutting down open events ...........................the long term effects have not been addressed, but this fucking stock market thinks that the Wharton school flunky has the Midas touch..........................

[underpants]

1. See it's all good now

No. No it's not.

[riversedge]

8. Nothing good about a payroll tax cut that takes $$ away from SS.

[SergeStorms]

11. Correct, but oh, Wall Street would love that.

Especially if the republicans open SS to personal investment, or cutting it out completely. That would give people so much more money to invest and let Wall Street steal!

Wall Street is so schizophrenic right now they don't know if they should shit or cut bait. The Dow was well overdue for a huge correction anyway. Stocks cannot keep rising week after week, month after month, year after year. It's not possible, but some traders have never known a bear market.

Yeah, we can trust Wall Street to be a non-partial barometer of monetary policy.

[yaesu]

2. tRump waited until he got his insider trading stocks than Hyped the market. It won't last nt

[Yavin4]

3. Bargain hunters

Soon to be disappointed Bargain hunters that is.

[customerserviceguy]

5. Yep

It's a sucker rally.

[SergeStorms]

12. Before another big sell-off Friday the 13th.

Don't want to be over-exposed with a weekend coming up.

[customerserviceguy]

15. "Nightmare on Wall Street"?

I know, I'm confusing Freddy with Jason.

[Wellstone ruled]

4. After the news of the Orange Anus's plan to

bailout his Shale Oil buddy Hamm to the tune of 2 billion popped,it might have continued for another day or two,but,all bets are off. Eric Swalwell will make the Orange anus pay the price for his secret phone call.

[bucolic_frolic]

6. Jitters return Friday and thud Monday again

CV numbers jump when they test. Political control meets reality.

[Xipe Totec]

7. ...

[swag]

9. Sucker's rally

[Wednesdays]

10. Dead cat bounce on the way down the stairs

Dow futures are down for tomorrow.

[Midnight Writer]

13. Fox News is touting it as the third best trading day in history.

[cstanleytech]

14. Payroll tax cut is stupid as shit. What's needed is increasing the tax

credits those earning less than 80k can apply for and get back.
Also for those that are elderly, disabled and or that for whatever reason would not get a tax return they should be given an extra hand of say 5 thousand or so which the varies state and federal agencies are forbidden from counting as income.