Stocks’ Rally Fades as Haywire Week Continues

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The Dow is on pace to register one of its worst weeks ever as governments and central banks announced measures to cushion impact of the coronavirus

The Dow Jones Industrial Average was recently up 151 points, or about 0.7% to 21350.82, after earlier rising more than 1000 points. The S&P 500 recently rose 0.8%, and the Nasdaq Composite rose 0.7%.

 

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Trump let the engine light come on in the car then drove 25,000 miles before having it looked at by a mechanic who told him his transmission was now shot, should have come in earlier. Trump says hoax, fake news, drives away gets stuck on the highway. Blames the car manufacturer

The worst thing the government could do at this point is panic and demand more interest rate cuts.

The Dow is no fool. They know that trickle-down healthcare makes no sense, especially on a highly interconnected planet. Who knows if it can work in the moon. I have my doubts because of the atmosphere and all.

.... I know I'm not supposed to look... but I've lost over 100K in a week in my 401K

Get the real story behind the CoronaOutbreak

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European stocks bounce after ECB comment and ban on short selling of Italian and Spanish equitiesEuropean stocks were in the green on Friday, on the heels of the historic losing day, as the European Central Bank said it would support markets and several exchanges banned short selling of hard-hit Spanish and Italian equities. Reducing liquidity when needed. Genius. Every company in the US is sending workers home indefinitely. Production and revenue impact will be huge from this. We will test new market lows in the coming weeks despite any legislation. NationalEmergency DeclareIt
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Chip stocks dive after Broadcom rescinds guidance, questions second-half rebound amid coronavirusBroadcom Inc. dropped its annual guidance Thursday afternoon and specifically blamed uncertainty in its semiconductor business through the rest of the year...
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