Stocks drop 900 points in one day

[Metric Mouse]

Stocks fell sharply Wednesday, extending losses into the closing bell and bring the Dow Jones Industrial Average's losing streak to four sessions as investors grappled with rising COVID-19 cases that led to renewed lockdowns in France and Germany and underlined concerns about the U.S. economic recovery. The Dow DJIA, +0.52% fell around 942 points, or 3.4%, to finish near 26,521, according to preliminary figures, while the S&P 500 SPX, +1.19% closed with a loss of around 119 points, or 3.5%, near 3,271. The Nasdaq Composite COMP, +1.64% ended near 11,005, dropping 426 points, or 3.7%. The S&P 500 fell for a third straight day. The S&P 500 and Nasdaq erased their gains for October, joining the Dow which had wiped out its month-to-date rise earlier this week.

Dow ends more than 900 points lower as blue-chip gauge falls for 4th straight day

Stocks fell sharply Wednesday, extending losses into the closing bell and bring the Dow Jones Industrial Average's losing streak to four sessions as...

www.marketwatch.com

If trump would've controlled the virus, the market would be up.

Stocks are on sale!

 

[Taylor]

Stocks do much better under democrat presidents

They do like their millionaires and billionaires.

Obama admits 95% of income gains gone to top 1%

President Obama agrees with recent study that found the economic recovery since the financial crisis has overwhelming favored the richest Americans, with 95% of the income gains from 2009 to 20012 going to the top 1% of the earning population

money.cnn.com

 

[Taylor]

If Nancy Pelosi has been willing to actually negotiate a stimulus deal, the market would be up.

Yeah, well. Nancy tried making Main St. suffer in order to push her crazy bill. Now she's throwing in Wall St. as well.

Pelosi Hopes Market Rout Pushes Trump Into a Stimulus Deal

House Speaker Nancy Pelosi said she hopes the current selloff in U.S. stocks will prompt President Donald Trump to agree to Democratic demands in stalled stimulus talks and end a three-month stalemate.

www.bloomberg.com

 

[Carleen]

With Biden promising the highest corporate taxes in the industrial world and all claiming Biden will win, figure the stock market to keep falling. If Biden is declared the winner, the stock market may collapse.

The only people who care about the market are those who have a lot of money invested in it which only affects the wealthy. But that being said it has never collapsed under a democrat.

 

[vegas giants]

They do like their millionaires and billionaires.

Obama admits 95% of income gains gone to top 1%

President Obama agrees with recent study that found the economic recovery since the financial crisis has overwhelming favored the richest Americans, with 95% of the income gains from 2009 to 20012 going to the top 1% of the earning population

money.cnn.com

Why are you so jealous of rich people,?

 

[TU Curmudgeon]

Passing a unilateral poison pill is not a deal.

Didn't you mean "Passing a DEMOCRAT sponsored "unilateral poison pill" is not a deal, but passing a REPUBLICAN sponsored "unilateral poison pill" is the height of legislative cooperation and compromise."?

 

[TU Curmudgeon]

huh?

........

I refer you to The Internet Directions Instituting Official Tactics In Colloquia Rules (Part IV - § 473.1 - ¶ ABA - sub¶ xiv - clause q) which states

​

"If you can't think of anything rational to say, the approved form is to simply make an irrational comment that has absolutely nothing to do with either the topic or reality."​

 

[Bullseye]

Its amusing you guys still push this demonstrably false talking point. Pelosi and house dems passed not one, but 2 stimulus bills. The second was passed last month, and reduced spending by 1/3, as a compromise for senate republicans. The senate has refused to even debate either bill. Pelosi has nothing to do with this.

Both bills were pork loaded shit shows. She had never calling them stimuluses. More like favors for Democrat "friends". Got so bad a group of moderate representative tried to introduce a moderate bill - she refuse to forward it.

 

[rahl]

I refer you to The Internet Directions Instituting Official Tactics In Colloquia Rules (Part IV - § 473.1 - ¶ ABA - sub¶ xiv - clause q) which states

​

"If you can't think of anything rational to say, the approved form is to simply make an irrational comment that has absolutely nothing to do with either the topic or reality."​

I'm at a loss for what this has to do with anything I've posted.

 

[rahl]

Both bills were pork loaded shit shows.

both bills provided much needed relief for americans. republicans intentionally hurt americans.

She had never calling them stimuluses. More like favors for Democrat "friends". Got so bad a group of moderate representative tried to introduce a moderate bill - she refuse to forward it.

your opinion of the bills is meaningless. The senate had every opportunity to pass their own version and send back to the house. they chose to intentionally hurt the american people instead, and will now lose the senate because of it.

 

[Bullseye]

both bills provided much needed relief for americans. republicans intentionally hurt americans.


your opinion of the bills is meaningless. The senate had every opportunity to pass their own version and send back to the house. they chose to intentionally hurt the american people instead, and will now lose the senate because of it.

And, as I said, both bills wastefully spend billions on Dem pet projects and issued not related to COVID rellef. Since all those bills would become part of national debt in the long run they would have added to the difficulty of recovering from the impact the pandemic has caused to our economy.

 

[TU Curmudgeon]

I'm at a loss for what this has to do with anything I've posted.

It was in reference to the content of the post that you responded to.

 

[rahl]

And, as I said, both bills wastefully spend billions on Dem pet projects and issued not related to COVID rellef.

and again, your opinion of the bills does not change the facts.

Since all those bills would become part of national debt in the long run they would have added to the difficulty of recovering from the impact the pandemic has caused to our economy.

Them the senate should have passed their own bill and sent it to the house. Instead, the intentionally hurt Americans.

 

[Bullseye]

and again, your opinion of the bills does not change the facts.

Of course not my opinion was based on those facts.

Them the senate should have passed their own bill and sent it to the house. Instead, the intentionally hurt Americans.

Senate tried - Senate Dems blocked it.

 

[TU Curmudgeon]

Of course not my opinion was based on those facts.

Senate tried - Senate Dems blocked it.

Ummmm, don't the "Republicans" (whatever that means) currently hold a majority in the Senate?

Doesn't that mean that the "Republicans" (whatever that means) "control" the Senate?

Did you use the same line of reasoning when the "Democrats" (whatever that means) held a majority in the Senate?

 

[iliveonramen]

With Biden promising the highest corporate taxes in the industrial world and all claiming Biden will win, figure the stock market to keep falling. If Biden is declared the winner, the stock market may collapse.

Which is contrary to most investment firms forecasts of a trump vs biden presidency.

 

[Bullseye]

Ummmm, don't the "Republicans" (whatever that means) currently hold a majority in the Senate?

Yep, but not a filibuster proof one.

Doesn't that mean that the "Republicans" (whatever that means) "control" the Senate?

not completely/ GOP controls committee assignments sending bills to committee, running floor votes, etc.

Did you use the same line of reasoning when the "Democrats" (whatever that means) held a majority in the Senate?

Sure did. Why do you think Schumer wants to do away with filibuster.

 

[TU Curmudgeon]

Yep, but not a filibuster proof one.
not completely/ GOP controls committee assignments sending bills to committee, running floor votes, etc.
Sure did. Why do you think Schumer wants to do away with filibuster.

OK, so am I correct in taking that to mean that you have never once said "the _[fill in the blank]_ control the Senate" when the _[fill in the blank]_ did NOT have a filibuster proof majority.

 

[Bullseye]

I

OK, so am I correct in taking that to mean that you have never once said "the _[fill in the blank]_ control the Senate" when the _[fill in the blank]_ did NOT have a filibuster proof majority.

I don't memorize every post I write. Harry Reid ran the Senate both with the filibuster proof majority and without it. And not every vote is all the Dems vs all the Republicans.

 

[TU Curmudgeon]

I I don't memorize every post I write. Harry Reid ran the Senate both with the filibuster proof majority and without it.

OK, would it be fair to say that you MIGHT have said "the _[fill in the blank]_ control the Senate" at some time when the _[fill in the blank]_ did NOT have a "filibuster proof majority"?

And not every vote is all the Dems vs all the Republicans.

I am well aware of that, which is why I frequently say "'Republicans' (whatever that means)" or "'Democrats' (whatever that means)" since the legislators do have a VERY pronounced tendency to vote in favour of measures that will increase their chances of re-election (even if those measures are against the positions advocated by the party which nominated them) and against measures that will decrease their chances of re-election (even if those measures are in accord with the positions advocated by the party which nominated them).

 

[Bullseye]

OK, would it be fair to say that you MIGHT have said "the _[fill in the blank]_ control the Senate" at some time when the _[fill in the blank]_ did NOT have a "filibuster proof majority"?

Sure, I may have said something along that line. I don't recall ever making the ability to overcome a filibuster as a requirement to "control the Senate".

I am well aware of that, which is why I frequently say "'Republicans' (whatever that means)" or "'Democrats' (whatever that means)" since the legislators do have a VERY pronounced tendency to vote in favour of measures that will increase their chances of re-election (even if those measures are against the positions advocated by the party which nominated them) and against measures that will decrease their chances of re-election (even if those measures are in accord with the positions advocated by the party which nominated them).

What is your point?

 

[joko104]

If Democrats win the Senate, they will eliminate the filibuster.

 

[Lord Tammerlain]

They do like their millionaires and billionaires.

Obama admits 95% of income gains gone to top 1%

President Obama agrees with recent study that found the economic recovery since the financial crisis has overwhelming favored the richest Americans, with 95% of the income gains from 2009 to 20012 going to the top 1% of the earning population

money.cnn.com

Why do you hate the rich?

 

[Taylor]

Why do you hate the rich?

I don't. I just want them to pay their fair share. Democrats are pushing large tax cuts for the rich in California and New York.

 

[Lord Tammerlain]

I don't. I just want them to pay their fair share. Democrats are pushing large tax cuts for the rich in California and New York.

Sounds like communism to me,