tyb
Market Report
They are already setting this up for the Federal Reserve to buy EVERYTHING. Treasury made noises about starting up the TALF program (auto loans, student loans, credit card loans, equipment loans, floor plan loans, insurance premium finance loans, loans guaranteed by the Small Business Administration, residential mortgage servicing advances, or commercial mortgage loans) and now we have a TARP style bailout being trotted out
Guggenheim’s Scott Minerd Calls For $2 Trillion TARP-Style Rescue Of U.S. Economy
https://www.forbes.com/sites/antoinegara/2020/03/18/guggenheims-scott-minerd-calls-for-2-trillion-tarp-style-rescue-of-us-economy/#500c5d5731e9
The big banks are all lowering GDP forecasts as well. Coupled with that they are all scrambling for dollars which sends the worlds currency on freefall
Some selected headlines from pb's
See here:
>>8465139 pb Pound plunges to its lowest level in over 30 years
>>8462801 pb Latin American Currencies Crushed as Oil Prices Plunge
>>8463627 pb Treasury Proposes to Guarantee Money Market Funds in Stimulus
>>8462482 pb New Jersey Legislature Considering Bill To Force Insurers To Pay COVID-19 Business Interruption Claims Expressly Excluded By ISO’s “Virus” Exclusion
Oil gets Putin'd again-it's DED Jim and has bounced off of about $20.1x to close at . The Saudi's went scorched earth upon the cancelling of the agreement-did they actually think it would continue forever? As another anon posited a few breds ago they were told to ramp up production-could be sevral reasons why but they are doing what they were told to do. Why will be found out later. The S&P 500 plummeted 7% just before 1 p.m. ET, triggering a market-wide temporary halt to trading. This was the second time in three days the blue-chip index invoked a so-called circuit breaker during regular trading, which are intended to try and prevent further extreme losses. It has not done much since the initial breaker stop dropped a little moar but has meandered into the close. Closing stronger and taking out the peak from 3:10pm EST is a good sign but that's not much solace on a day (or day's) that we have had. . Volumes elevated again but wut do you expect?
Mr. Margin on line 1 and you WILL take that call-if it is not tied to the floor it is being considered to be thrown out because these faggots on Wall St. have never known consequences….welcome to reality bitches.
Boeing has it's hand out, like the Airlines, and asking for system-wide amount of $60B of public and private loan guarantee's. This time mebby spent it a bit wiser?? Not going to give you faggots anouther chance after what you tards did with the money the Hussein Admin gave you all. The amount of aid Boeing needs remains in flux based on market conditions and how long the crisis lasts. Congressional officials are reviewing Boeing’s cash needs as Congress considers a stimulus and rescue package that could top $1 trillion. Delta Air said on Wednesday it was parking more than 600 jets, cutting corporate pay by as much as 50%, and scaling back its flying by more than 70% until demand begins to recover. If they place on a ban on share repurchase I'd be moar for this because they (airline biz) did the same thing everyone else did with cheap, easy money….bought shares of themselves to boost EPS reports.
https://finance.yahoo.com/quote/%5EDJI?p=^DJI
https://www.marketwatch.com/investing/index/dxy
https://www.macrotrends.net/2566/crude-oil-prices-today-live-chart
get used to it.