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(Axios)   Wall Street has fears about major volatility and market losses ahead of the election and Supreme Court fiascos. The rest of America tunes up their tiny violins   (axios.com) divider line
    More: Spiffy, Supreme Court of the United States, President of the United States, Ruth Bader Ginsburg, Antonin Scalia, President Trump's vow, George W. Bush, death of Justice Ruth Bader Ginsburg, United States  
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213 clicks; posted to Business » on 23 Sep 2020 at 12:38 PM (5 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



17 Comments     (+0 »)
 
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2020-09-23 11:08:06 AM  
but my stonks!!
 
2020-09-23 11:24:40 AM  
Wall Street profits from volatility. Who are you kidding?
 
2020-09-23 11:25:15 AM  
Sounds like the billionaire class will get another bail out. Must be farking nice.
 
2020-09-23 12:27:16 PM  
A little fear is a healthy thing.
 
2020-09-23 12:50:23 PM  
One day due to trickle down economics everyone in America will have access to affordable housing and healthcare. We just have to keep working ourselves to death for the rich and let them own all the real estate.

It's worked for hundreds of years, everything is now perfect, our world is clean and our leaders are sane and decent.
 
2020-09-23 12:51:45 PM  
ya wait till banks run out of physical money around nov 3 that will spook them.
 
2020-09-23 2:57:17 PM  
It's hard not to make money right now on the Street because the Fed is doing everything it can to keep everyone in the financial markets from looking down and realizing the economy already fell off a cliff, and the markets are running on thin air.

At some point, everyone in finance will look down and say, "Huh, we're over the cliff aren't we?  What's keeping us afloat?"  At that point, Powell's Magic Wand stops working .

The Fed is praying that Covid is resolved and the economy can rebound enough that the fall is prevented or at least lessened.  But the Fed can't make that happen.

And the White House is busy proposing everyone should just get infected faster.  But at least Trump has stopped blaming the Fed for everything so that's nice...for Powell.
 
2020-09-23 3:04:16 PM  

NewportBarGuy: Wall Street profits from volatility. Who are you kidding?


I made an insane profit because of my companies stock program. Traditionally in a downturn our stock is a safe and does better but because everything was so nuts I got to buy stock like at a 40% discount vs the price now. I'm going to get to do that again at the end of the month.
 
2020-09-23 7:38:35 PM  

NewportBarGuy: Wall Street profits from volatility. Who are you kidding?


wall streeters profit off the backs of Labor.  its more fun living off of other people's labor than your own.

Labor creates wealth.  Labor came before wealth and deserves the higher regard.  --- A. Lincoln
 
2020-09-23 7:39:44 PM  

bluewave69: ya wait till banks run out of physical money around nov 3 that will spook them.


Banksters get bailed out by the government.    it'll hurt the bottom 99%.
 
2020-09-23 7:40:35 PM  

AdmirableSnackbar: Sounds like the billionaire class will get another bail out. Must be farking nice.


they love Socialism...............but only for themselves.

Free Market Capitalism for everyone else.
 
2020-09-23 7:42:43 PM  

JRoo: One day due to trickle down economics everyone in America will have access to affordable housing and healthcare. We just have to keep working ourselves to death for the rich and let them own all the real estate.

It's worked for hundreds of years, everything is now perfect, our world is clean and our leaders are sane and decent.



yep, and Wall street Banksters can regulate themselves so let's get rid of those regulations beginning in the 1980's.

soon thereafter the banks/savings and loans began having failures.


whoda' saw that coming?
 
2020-09-23 7:43:50 PM  

Intrepid00: NewportBarGuy: Wall Street profits from volatility. Who are you kidding?

I made an insane profit because of my companies stock program. Traditionally in a downturn our stock is a safe and does better but because everything was so nuts I got to buy stock like at a 40% discount vs the price now. I'm going to get to do that again at the end of the month.



beats working for a living.
 
2020-09-23 7:44:29 PM  

RolandTGunner: A little fear is a healthy thing.


its called the Precarious Proletariat.
 
2020-09-23 7:45:41 PM  

RolandTGunner: A little fear is a healthy thing.



Precariat
 
2020-09-23 11:37:23 PM  
Trump knows it's the end. So why not do one more big Wall Street fiasco where he and his friends know the outcomes - who to bet with and against.
 
2020-09-24 8:23:08 AM  

JRoo: One day due to trickle down economics everyone in America will have access to affordable housing and healthcare. We just have to keep working ourselves to death for the rich and let them own all the real estate.

It's worked for hundreds of years, everything is now perfect, our world is clean and our leaders are sane and decent.


Shame the Democrats didn't have a potential candidate that quite literally promised all of those things as well as heavier taxation of the wealthy to reduce income inequality and tighter regulation of the financial markets and businesses to improve economic opportunity.

It's ok though, we got a candidate for the people luckily...
 
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