The rally came as political leaders in Washington, D.C., signaled that they were close to an economic relief package for the coronavirus pandemic. Senate Minority Leader Chuck Schumer said on Tuesday morning that the deal was on the "two-yard line" but no deal had been"There were two times that were like this, 1933 and then the other time we were looking at 2008 when TARP was passed, and we know both times there was no demand. And that was the real problem.
"And I think that until we see demand for goods or see we actually some secular growth stories … you realize that this was a gigantic short squeeze. That doesn't mean we can't continue, but there was a short squeeze today.". Cities and states across the country have been ordered to close in an attempt to slow the spread of the virus, which has led to worries about the country suffering a potentially severe recession.
The Federal Reserve has been increasingly active in recent weeks, pulling out many of the tools it used during the financial crisis to calm credit markets. On Tuesday, however, the equity market "didn't really function today," Cramer said. "I hate this kind of rally. This was a machine driven rally, just like the sell-offs … I want to wait to see," Cramer said.
Algo runs on a program what we feed . We can change indicators at any time . This is a game of psychology reflected in charts . So no all blame goes to Algo .
America needs to go back to work Jim. You equate Easter with large gatherings. That was not was said. Again, you show your bias and report fake news.
That idiot also said RIMM was going to 1000 and AMZN was going to go bankrupt 10 yrs ago and described it as a book store.
We’re now front running other people who will be blaming the algos
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