Stocks and oil in free fall

[noSpaces]

The market is not responding normally. Bonds, stocks, and gold are all going in the same direction. Down. The Fed announcing that they will try and save the market didn’t do anything. Except plummet.

[Zander]

@moonshine

i keep hearing peole saying we dumped 1.5T into the market.
we didnt… all the fed did was offer to backstop the repo market up to 1.5T so companies can get the short term capital they need to remain in business. and by short term i mean usually loans of less than a week

I just learned something. Thanks.

[Plasmaball]

Uh huh…the gop is

[wiley8425]

Then why is the media reporting it was to shore up the banking industry? And $1.5 TRILLION? Really?

[moonshine]

the commerical paper market is huge.
heres a quick explanantion of what the fed actually did

under normal conditions a lot of companies rely on short term financing to operate. for example they borrow money to buy product and when they sell it the repay the money,sometimes that happens literally overnight or in a matter of a few days. they do this buy buying and selling what is called short term commecial paper
when a panic hits like now or 2008-2009 that type of funding seizes up and becomes unavailable. companies are unable to sell their paper.
what the fed has done is come in and said if no one else will buy the paper they will. this prevents companies from going bankrupt due to being unable to rollover their debt.

[moonshine]

stocks now 500 HIGHER…

[Plasmaball]

Interesting…cant be a good thing to go up and down like this

[moonshine]

dow futures now 900 higher
oil up 5%

[NuffSaid]

@DougBH

He’s doing fine, as well as they are doing in other countries. People are just using this virus for political purposes. That much is obvious.
Most of the effort has nothing to do with what he does. It is up to medical professionals. People need to stop pointing and saying they need to do better. They are doing what can be done.

“The Coronavirus is very much under control in the USA. We are in contact with everyone and all relevant countries. CDC & World Health have been working hard and very smart. Stock Market starting to look very good to me!”.

Sounds like a big lie. It’s not under control. Cases are growing.

And who gives a ■■■■ about stock market? People are dying.

[NuffSaid]

@moonshine

dow futures now 900 higher
oil up 5%

It’s the Biden Bounce! He spoke yesterday and look what happened. Positive response.

[WuWei]

Japan is handling the virus.

[WuWei]

@wiley8425

why is the media reporting

indeed

[STODR]

Maybe Pelosie shouldn’t have tried to sneak a billion dollars for abortion in it.

MSNBC's Joy Reid tweets about reports coronavirus spending bill included Hyde...

Even lib reporters are calling the Dems out for it.

They also tried to make the covered sick leave permanent instead of just making it cover a time frame for this.

[STODR]

Yea the bounce is because he is fundraising of of this🙄

[WuWei]

What the ■■■■ ?

[STODR]

But but but the GOP, oh and Trump is racist for calling it China Coronavirus

[NuffSaid]

@STODR

Yea the bounce is because he is fundraising of of this🙄

Clearly you didn’t watch his speech. It wasn’t in front of an audience. He talked specifically about the virus and what Americans should do.

[WuWei]

@NuffSaid

@STODR

Yea the bounce is because he is fundraising of of this🙄

Clearly you didn’t watch his speech. It wasn’t in front of an audience. He talked specifically about the virus and what Americans should do.

The same guy who told me to shoot a shotgun off a balcony?

[STODR]

Clearly you don’t understand the market if you believe he had anything to do with it. Do think it is okay for him to fund raise off of it?

What did he say to do that hasn’t been said to raise the market?

[SixFoot]

@WuWei

The same guy who told me to shoot a shotgun off a balcony?

How else is he gonna fend off those angry parents?