Fucking hell the New Yorker is so twee every article starts like this
I woke up to a sweltering morning—the black kites outside my hotel room were circling upward, lifted by the warming currents of air—and I went to visit a shrine to the goddess Shitala
Was that for hospital staff? How can they hear it if they're at the hospital?
Well there was the two trillion dollar stimulus which I supposed to make that happen. I assume it will be overwhelmed and the line will turn back down soon enough though.
I assume part of the rally was Trump saying we'll back to work by Easter or whateverwhat world are they living in?
Gimme a break, I can't change what's already happened!Warren Buffet protege IdleRich appeared on CNBC today and threw down the gauntlet: "Sell everything short and buy it back in a few months if there is still a stock market." Markets reacted accordingly, enjoying their best three-day run since 1933.
My thoughts precisely. I meant to say something about how the markets probably reacted to the Easter prediction. I see it as traders not so much believing that as believing that people will believe it and taking advantage of that if that makes sense.I assume part of the rally was Trump saying we'll back to work by Easter or whatever
unlike that nonsense, there is some real value in knowing that the government will take a serious effort to mitigate economic fallout
the stimulus package definitely isn't perfect, but it does indicate to investors that at least the govt is taking it seriously, suggests eventual return of normality
I too assume the rally is temporary, but it's not as delusional as the crazy 15 minute jump during Trump's initial COVID press conference a few weeks ago was
...and, the S&P 500 has it's best three-day run since 1933.
what world are they living in?
Yup, not content with the carnage they've already caused they're now deliberately massaging figures to downplay the extent of the problem under the spurious grounds of 'family consent'.
of course. you know how the stock market works. it's about perceived rather than actual value. sometimes those coincide, sometimes they don't.traders not so much believing that as believing that people will believe it and taking advantage of that if that makes sense.