. Because remember, the strength of Biden was actually — and he mentioned this early in the primaries — … working across the aisle. And he's going to have to work with a Republican Senate to get something done. In the meantime, the Republican Senate is going to block any radical tax plan or anything that comes from the House. Hey, what more do you want?"
Roger Altman, the founder and senior chairman of Evercore, wasn't sure Wednesday's positive market action would last: "I'm rather amazed by the markets, because in the last couple of days, they were rallying, and a lot of people thought that was on the expectation of a Biden win and a major stimulus package. ... Now, [Wednesday] morning, the markets are rallying apparently on the prospect of divided government and the likelihood that there won't, for example, be tax increases.
Elevation Partners co-founder Roger McNamee spoke to a divided government's potential impact on tech: "Divided government, where ... you don't have all three things in the hands of the same party, is clearly in the interests of anyone who might be up against regulatory pressure. ... And so, if you're an investor in
Yay! Let the looting and pillaging continue. Fuck Wallstreet.
Onward and upwards supported by juiced up fed
yesterday they rallied on triple sweep. i guess its all good
Fill in the blank: “Stocks Rally on hopes of ____” A) China Trade deal B) Stimulus package C) Vaccine hopes D) *checks notes* a divided government
I thought stocks were recently rallying on Stimulus hopes. Surely those hopes have dismissed now? The Republican senate’s primary goal during the Obama years was to block everything. They’ll certainly look to keep a lid on stimulus.
Markets do better under Dems
Oligarchy is happy with Biden?
What idiot comes up with a headline like that?
stock rally on hopes more suckers keep buying as long as headlines keep rolling that it's time to buy
Stupidest stock market day in history. The moron investors - RALLY on TRUMP, RALLY on BLUE WAVE, RALLY on Divided Govt. Bottom Line- SCAMerica is going down tubes- and I can't wait to see the corrupt scum of WallStreet start jumping out windows as soon as the shit hits the fan!
it means stonks will go up. obvi.
Headline of the year 🤣
anyone agree that the markets are out of touch with our economic realities? tired of hearing 'this time is different' and 'vaccine is imminent' and 'stocks looking forward to 2021/2022' and 'this is the greatest recovery of all time' and 'Larry Kudlow' 😎. PONZI scheme?
This is by far the worst “stocks rally on hopes of” headline I’ve ever seen
In all seriousness, why do people even watch ? I expect they simply just insert anything into their headline: 'Stocks rally on hopes of ___insert anything__. What ciould it mean for the market's next four years?
This is just a last pump before the big dump once this election comes to a close.
hahahaha. need some headline to fit the price action!
Stocks rallied... ftfy
Oh my and here’s me thinking it wa just election hedges being unwound
wc balanced
It’s already divided
Markets rally on hopes of a contested election and broken government. What it could mean for tech billionaires.
hahahaha...there must be a poker table with one guy from each media company. the loser each day has to create the dumbest headline why markets surged again. what a clown show. yesterday this headline was the biggest concern for markets...
Wtf 😂 you know you don’t always have to act like you know why the market is doing what it’s doing, right?
CNBC just became the onion.
Means nothing in real world America will change and income inequality will rise, bringing us further to Roman style collapse
Hipster_Trader 🤣
it means they continue unabated, because no one party or branch of government will be able to effectively put anything together to keep them in check. duh