Steven Mnuchin told CNBC's Jim Cramer the U.S. can't shut down the economy again
Stocks had been ripping higher prior to this week, as investors cheered the prospects of the economy recovering as states and countries eases quarantine measures. "Some of these stocks may have gotten ahead of their skis," said Kinahan. "When you see some of the airlines being priced at the levels they were before this all started when they say they're going to do 60% of their business just doesn't make sense."
ok ok
Big friggin deal yeah for the 1%. Where does that leave the dwindling middle class?!
Markets whipsawing! 🤓
I'm no market expert, but even I can do this simple math. Raging Covid-19 Pandemic + Reopening x More Infections + Deaths = Market decline...Simple Equation.
Markets have had their most realistic run this week, though it's weird that it's mostly due to speculation rather than actual economic data and other fundamentals
When going to your App. Every single story is about negativity and fear. Nothing positive at all, if the opening is positive it follows by negative. I wonder why 🤔.
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