Fed gives wallstreet what it wants again! Keep giving and giving

[kashirin]

• The Federal Reserve announced a bevy of new programs Monday to help with market functioning.
• Among the moves is an open-ended commitment to keep buying assets under its quantitative easing measures.
• There are multiple other programs, including one for Main Street business lending and others aimed at keeping credit flowing.
• Markets reversed all their overnight losses and indicated a sharply positive open.

stocks are more expensive now than a month ago
their printing has nothing to do with stocks
they print to accommodate 2 trln stimulus coming later today

s&p still will go under 2000

 

[S2007S]

stocks are more expensive now than a month ago
their printing has nothing to do with stocks
they print to accommodate 2 trln stimulus coming later today

s&p still will go under 2000

I dont see this morning rally holding up unless that stimulus package of over $2 trillion dollars is pushed forward.

As long as California and ny are in quarantine and everything is closed the markets will continue to drop. However once the quarantine is lifted and people head back to school work play bars restaurants open etc, the day that's announced markets will catapult probably 8-10%. So there are lots of possibilities of a continuing drop and a catapult higher. It's all a guessing game now.

 

[jghall00]

I dont see this morning rally holding up unless that stimulus package of over $2 trillion dollars is pushed forward.

As long as California and ny are in quarantine and everything is closed the markets will continue to drop. However once the quarantine is lifted and people head back to school work play bars restaurants open etc, the day that's announced markets will catapult probably 8-10%. So there are lots of possibilities of a continuing drop and a catapult higher. It's all a guessing game now.

How bad are the unemployment numbers? Trump is trying to get a stimulus through before unemployment claims come out on Thursday. The administration asked states not to release the data. What's really going on?

 

[Metamega]

How bad are the unemployment numbers? Trump is trying to get a stimulus through before unemployment claims come out on Thursday. The administration asked states not to release the data. What's really going on?

Well here in Canada they announced 500k EI claims vs 20k for a normal week same time last year.

 

[dozu888]

imagine this coming summer.

-virus gone;
-people with stimulus bucks in hand;
-$1.50 gas.

people gonna go out and spend like mad!

 

[comagnum]

Socialism gone wild - bailouts for everyone & the market is still tanking!

 

[jghall00]

imagine this coming summer.

-virus gone;
-people with stimulus bucks in hand;
-$1.50 gas.

people gonna go out and spend like mad!

Don't know about that....Fed isn't buying my shitty debt. These bailouts only seem to help the well off. Private profits, public risks.

 

[Cuddles]

How bad are the unemployment numbers? Trump is trying to get a stimulus through before unemployment claims come out on Thursday. The administration asked states not to release the data. What's really going on?

word on the street is 2 million+

 

[smallfil]

You cannot really fix stupid but, these same ET trolls if your loved ones lose their jobs, their 401ks, IRAs get walloped to a 10th of the monies put in, you would among the first ones whining and crying like the little babies you are. Karma is real and you all deserve it because you do not care about other Americans losing their jobs, losing monies in the stockmarket because businesses are being bankrupted by this Corona Virus. You are all just vile hypocrites engaged in petty politics.

 

[clacy]

How bad are the unemployment numbers? Trump is trying to get a stimulus through before unemployment claims come out on Thursday. The administration asked states not to release the data. What's really going on?

It's going to be bad. It will be the most rapid decline in employment ever, IMO. Retail and service sectors are basically non-existent right now.