by Al_Sharpton_for_President ➕follow (5) 💰tip ignore
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As someone who grew up 10 minutes NYC....way too many people there are so self absorbed. Most of them don't give a crap about anyone but themselves. They'll be out an about any time the temperature goes above 60 and this is going to keep spreading.
Good! My 401(k) contributions will buy a LOT more stock then.
As someone who grew up 10 minutes NYC....way too many people there are so self absorbed. Most of them don't give a crap about anyone but themselves. They'll be out an about any time the temperature goes above 60 and this is going to keep spreading.
DOW floor at 18k? DOW went from approximate 14k to 7k in the 2009 downturn, so who's to say it can't go from 28k to 14k this time. Come to think of it, it's amazing we would consider 18k a "crash" when a mere 14k was all-time-high just 12 years ago.2008 was caused by a financial crisis, and the Fed and UST went into overdrive to rescue the banks. This one is affecting manufacturing and services as well, but not the banks as directly. A pumped up rescue initiative is on the way, and even the little person gets some tasty crumbs. The Fed and UST have recent experience in bailouts, and their man's re-election may be at risk if the stock market tanks long term.
LOL Dow up 20% since Monday.
https://www.cnn.com/business/live-news/stock-market-news-today-032620/index.html
3M+ unemployment claims. Old people < Economy
I was furloughed and given a slip to get UE, but I haven't applied for it yet. And I think about 5 million out of the 8 million laid off in the last few weeks, feel the same way.
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