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Originally Posted by Nich
S&P futures pukes. US doesn't need a corporate stimulus where:
- they give executives a bonus,
- they buy their own stock options at a fraction of market price with a 0% interest loan, then sell into the bull trap at full market prices.
- employees get fired because no revenue forecast
- The "too big to fail" companies hold government and the population hostage
- Its just 2008 all over again. And there'll be a new movie to explain what the fuck happened: "The Bigger Short"
It needs a social stimulus.
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Finished up on the day but failed to be a convincing. Should still finish up on the week. All the major details are out on the stimulus bill and we all know it’s going to get signed so the rally should have been better. Market will rally a little after it passes this week. More bad Coronavirus news after market close on Friday, maybe state lockdowns. More bad news Saturday, Sunday. Off the cliff Monday.