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(CNN)   Stocks rise thinking about the size of Biden's package   (cnn.com) divider line
    More: Giggity, New York Stock Exchange, Apple Inc., United States Congress, Joe Biden, Economy of the United States, Microsoft, Roman Senate, United States Senate  
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1094 clicks; posted to Business » and Politics » on 08 Mar 2021 at 2:11 PM (4 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



79 Comments     (+0 »)
View Voting Results: Smartest and Funniest


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2021-03-08 2:12:50 PM  
Followed shortly by:

Corporate Tax rate increased - Stocks plummet
 
2021-03-08 2:13:41 PM  
What a relief, since the stock market is the entire US economy...
 
2021-03-08 2:14:47 PM  
penis
 
2021-03-08 2:15:10 PM  
My bank account is waiting for Biden to deposit his giant stimulus into it.
 
2021-03-08 2:15:51 PM  

the money is in the banana stand: Followed shortly by:

Corporate Tax rate increased - Stocks plummet


The corporates do suffer so!!
 
2021-03-08 2:16:21 PM  

RanHakubi: My bank account is waiting for Biden to deposit his giant stimulus into it.


Skeetskeet
 
2021-03-08 2:16:56 PM  
Won't someone think of the oligarchs?
 
2021-03-08 2:17:49 PM  
Fark user imageView Full Size
 
2021-03-08 2:17:59 PM  
Fark user imageView Full Size
 
2021-03-08 2:18:35 PM  
Damn... what would the market have done for LBJ?
 
2021-03-08 2:19:47 PM  
Fark user imageView Full Size
 
2021-03-08 2:20:07 PM  
fark you. pay me.
 
2021-03-08 2:20:36 PM  

special20: Won't someone think of the oligarchs?


I do, every time I consider building a guillotine.
 
2021-03-08 2:20:51 PM  
Is trump going to congratulate Biden for being president when the stock market hits a new all-time high? Because I remember him being very proud of himself for that....uh....accomplishment.

Let's just check his twitter feed and.....

oh, right....

I guess we'll never know.
 
2021-03-08 2:20:57 PM  

SpecialSnowFlake: What a relief, since the stock market is the entire US economy...


This guy gets it.


/Muh stonks!
 
2021-03-08 2:21:03 PM  

the money is in the banana stand: Followed shortly by:

Corporate Tax rate increased - Stocks plummet


I think we should all Funny vote this one.
 
2021-03-08 2:21:52 PM  
Fark user imageView Full Size
 
2021-03-08 2:22:31 PM  

Weatherkiss: fark you. pay me.


Does being a mod not pay well?
 
2021-03-08 2:23:14 PM  
Fark Wall Street. As soon as we stop using the 1%'s playground as a barometer for the health of the economy, the smarter our decisions will be in the future.
 
2021-03-08 2:25:17 PM  
i.redd.itView Full Size


Don't get to use this meme enough in politks
 
2021-03-08 2:25:17 PM  
Fark user imageView Full Size
 
2021-03-08 2:25:20 PM  
I'm going to need a bigger stimulus, Joe. With her permission, I'd like Kamala Harris to sit on my face and see if we can get a larger package out of the deal.
/4 inches is fine I'm sure
 
2021-03-08 2:26:52 PM  

quiotu: Weatherkiss: fark you. pay me.

Does being a mod not pay well?


Oh. It pays.
Fark user imageView Full Size
 
2021-03-08 2:27:20 PM  
Summer Stock (1950) - Get Happy - Judy Garland
Youtube q7d0NRewzW4
 
2021-03-08 2:28:28 PM  
Fark user imageView Full Size
 
2021-03-08 2:34:05 PM  

Bovine Diarrhea Virus: I'm going to need a bigger stimulus, Joe. With her permission, I'd like Kamala Harris to sit on my face and see if we can get a larger package out of the deal.
/4 inches is fine I'm sure


Fark user imageView Full Size
 
2021-03-08 2:36:15 PM  

RasIanI: [Fark user image 425x319]


I don't care what anyone says.  Malarkey needs to come back in popular culture.
 
2021-03-08 2:36:43 PM  

anjin-san: Bovine Diarrhea Virus: I'm going to need a bigger stimulus, Joe. With her permission, I'd like Kamala Harris to sit on my face and see if we can get a larger package out of the deal.
/4 inches is fine I'm sure

[Fark user image 850x456]


Where did that meme even come from.
 
2021-03-08 2:39:25 PM  

Linux_Yes: the money is in the banana stand: Followed shortly by:

Corporate Tax rate increased - Stocks plummet

The corporates do suffer so!!


It disproportionately affects small businesses. Big Business, which is the target of contempt whi skirt the rules will continue to do so unabated. They are lobbying and donating far too much to be held accountable for the politicians bought and paid for. You have Big Business being flat out bribed with Tax incentives and offers to locate or relocate their businesses places and be propped up. So while your bullet might be aimed at Big Business, it is just going to ricochet and hit everyone else.
 
2021-03-08 2:42:03 PM  

Peter Weyland: anjin-san: Bovine Diarrhea Virus: I'm going to need a bigger stimulus, Joe. With her permission, I'd like Kamala Harris to sit on my face and see if we can get a larger package out of the deal.
/4 inches is fine I'm sure

[Fark user image 850x456]

Where did that meme even come from.


Your mom.

Oh, and ...

Kidnapped By Danger: The Table Read - 30 Rock
Youtube 1DVi_z1nEHY


FF to 1:31 if my linking skills suck.
 
2021-03-08 2:44:44 PM  

the money is in the banana stand: Linux_Yes: the money is in the banana stand: Followed shortly by:

Corporate Tax rate increased - Stocks plummet

The corporates do suffer so!!

It disproportionately affects small businesses. Big Business, which is the target of contempt whi skirt the rules will continue to do so unabated. They are lobbying and donating far too much to be held accountable for the politicians bought and paid for. You have Big Business being flat out bribed with Tax incentives and offers to locate or relocate their businesses places and be propped up. So while your bullet might be aimed at Big Business, it is just going to ricochet and hit everyone else.


"Big business is smart enough to exploit loopholes, so why bother taxing them?"
 
2021-03-08 2:45:27 PM  
I know I always breath a massive sigh of relief when the stonk machine brrrrrrrrrrrs.
 
2021-03-08 2:45:49 PM  

special20: Won't someone think of the oligarchs?


If you think only oligarchs own stocks, maybe you should rethink some life choices?
 
2021-03-08 2:47:46 PM  
It's a mad-lib.

Stocks rose today because Meghan and Meghan's husband exposed the rot in the House of Windsor.

Stocks rose today because I ate a turkey & ham sandwich.

Stocks rose today because __________.
 
2021-03-08 2:48:06 PM  

GreatGlavinsGhost: Peter Weyland: anjin-san: Bovine Diarrhea Virus: I'm going to need a bigger stimulus, Joe. With her permission, I'd like Kamala Harris to sit on my face and see if we can get a larger package out of the deal.
/4 inches is fine I'm sure

[Fark user image 850x456]

Where did that meme even come from.

Your mom.

Oh, and ...

[iFrame https://www.youtube.com/embed/1DVi_z1n​EHY?autoplay=1&widget_referrer=https%3​A%2F%2Fwww.fark.com&start=91&enablejsa​pi=1&origin=https%3A%2F%2Fwww.fark.com​&widgetid=1]

FF to 1:31 if my linking skills suck.


I'm not sure what I'm supposed to glean from that youtube link.
 
2021-03-08 2:49:42 PM  

mofa: It's a mad-lib.

Stocks rose today because Meghan and Meghan's husband exposed the rot in the House of Windsor.

Stocks rose today because I ate a turkey & ham sandwich.

Stocks rose today because __________.


See also: "(x) equity has risen/fallen (y) amount which is the largest/smallest gain/loss since (insert arbitrary date here)"
 
2021-03-08 2:50:04 PM  

SpectroBoy: SpecialSnowFlake: What a relief, since the stock market is the entire US economy...

This guy gets it.


/Muh stonks!


It is known, stonks only go up!
 
2021-03-08 2:50:55 PM  

RanHakubi: My bank account is waiting for Biden to deposit his giant stimulus into it.


Assume the position.
 
2021-03-08 2:53:51 PM  

Peter Weyland: anjin-san: Bovine Diarrhea Virus: I'm going to need a bigger stimulus, Joe. With her permission, I'd like Kamala Harris to sit on my face and see if we can get a larger package out of the deal.
/4 inches is fine I'm sure

[Fark user image 850x456]

Where did that meme even come from.


https://knowyourmeme.com/memes/go-to-​h​orny-jail
 
2021-03-08 2:55:35 PM  

Kazan: Peter Weyland: anjin-san: Bovine Diarrhea Virus: I'm going to need a bigger stimulus, Joe. With her permission, I'd like Kamala Harris to sit on my face and see if we can get a larger package out of the deal.
/4 inches is fine I'm sure

[Fark user image 850x456]

Where did that meme even come from.

https://knowyourmeme.com/memes/go-to-h​orny-jail


Huh.  As dumb as I thought it was.  Nice to know though.  Thanks.
 
2021-03-08 2:58:37 PM  

the money is in the banana stand: Followed shortly by:

Corporate Tax rate increased - Stocks plummet


I think the bigger fear at the moment is around inflation. 7% GDP growth on an annualised basis over the next two quarters coupled with $100/barrel oil is going to lead to runaway price increases and the fed will need to start jacking up interest rates. When that happens, asset prices collapse.
 
2021-03-08 3:00:43 PM  

LL316: special20: Won't someone think of the oligarchs?

If you think only oligarchs own stocks, maybe you should rethink some life choices?


The poor, huddled masses, yearning to be free are slightly overrepresented on this particular message board.
 
2021-03-08 3:06:56 PM  

Shaggy_C: I think the bigger fear at the moment is around inflation. 7% GDP growth on an annualised basis over the next two quarters coupled with $100/barrel oil is going to lead to runaway price increases and the fed will need to start jacking up interest rates. When that happens, asset prices collapse.


Interest rates where they are now aren't normal or a sign of a healthy economy.
 
2021-03-08 3:09:22 PM  

Shaggy_C: the money is in the banana stand: Followed shortly by:

Corporate Tax rate increased - Stocks plummet

I think the bigger fear at the moment is around inflation. 7% GDP growth on an annualised basis over the next two quarters coupled with $100/barrel oil is going to lead to runaway price increases and the fed will need to start jacking up interest rates. When that happens, asset prices collapse.


Oil isn't going to 100$ any time soon, if ever again. Long term theres way, way more businesses than ever before that are letting people work from home. across your big cities, think about how much different the demand is if usage is down by 2-3 gallons a week per person.  As soon as its even remotely profitable, fracking will be back up, more output keeping the price the same or slowly going down, then the saudis increase production to get a piece of the pie again, fracking operations will slow, rinse, repeat.
 
2021-03-08 3:11:00 PM  
My portfolio has a whole lot of red today for something that apparently went up
 
2021-03-08 3:21:43 PM  

GoldSpider: Interest rates where they are now aren't normal or a sign of a healthy economy.


Definitely not, but neither are inflated asset prices. Coming "back to normal" is going to mean a bit of pain for Wall Street rather than Main Street. Hard to feel too bad about "the suits" given the shoe has been on the other foot for so long, but at the end of the day "Main Street" is invested in the market whether they like it or not. It's a delicate balance over the next few years to unwind all of the stimulus that has been going back over a decade now.
 
2021-03-08 3:24:39 PM  

Shaggy_C: Definitely not, but neither are inflated asset prices. Coming "back to normal" is going to mean a bit of pain for Wall Street rather than Main Street. Hard to feel too bad about "the suits" given the shoe has been on the other foot for so long, but at the end of the day "Main Street" is invested in the market whether they like it or not. It's a delicate balance over the next few years to unwind all of the stimulus that has been going back over a decade now.


They'll get over it.  If Wall Street can only succeed if interest rates are near zero, the people running the thing should get jobs in fields that don't require counting.
 
2021-03-08 3:26:24 PM  

phedex: Oil isn't going to 100$ any time soon, if ever again.


Goldman is predicting $80/barrel in Q3, and that's before much of the 'developing world' gets their hands on vaccines. Just because fat westerners aren't driving their Hummers to the office any more isn't going to offset the billions of people who have an insatiable demand for the black stuff when they come back out of lockdown. Your average day labourer or farmer in Sub-Saharan Africa or India isn't going to be working from home a year from now.

Besides, it's human nature to binge when something is restricted. People who were cooped up for the last year will go crazy, doing two trips to Disney in 2022 rather than one, eating out multiple nights a week, and generally acting like gluttonous assholes for the foreseeable future.
 
2021-03-08 3:26:25 PM  

Kazan: Peter Weyland: anjin-san: Bovine Diarrhea Virus: I'm going to need a bigger stimulus, Joe. With her permission, I'd like Kamala Harris to sit on my face and see if we can get a larger package out of the deal.
/4 inches is fine I'm sure

[Fark user image 850x456]

Where did that meme even come from.

https://knowyourmeme.com/memes/go-to-h​orny-jail


Fark user imageView Full Size
 
2021-03-08 3:27:07 PM  

mofa: It's a mad-lib.

Stocks rose today because Meghan and Meghan's husband exposed the rot in the House of Windsor.

Stocks rose today because I ate a turkey & ham sandwich.

Stocks rose today because __________.


More people wanted to buy them than to sell them? How's that for a reason? Lol
 
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