The stock market is seeing turmoil similar to 2008, but here are the 3 main reasons the scenario is far better, according to DataTrek | Markets Insider

The stock market is trading in an environment that is very similar to the fourth quarter of 2008, DataTrek Research co-founder Nicholas Colas said in a note on Wednesday.

The similarities between the end of 2008 and the end of 2020 were only heightened on Tuesday after President Donald Trump shot down further stimulus negotiations between House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin via tweet. First, the US economy is on shaky ground, though for different reasons. It was a housing crisis that infected the financial industry in 2008, rather than a global pandemic that caused an economic decline in 2020.JPMorgan's $1.9 trillion asset management firm shares the 5 biggest opportunities it's recommending for clients across markets during the fourth quarter

In 2009, it wasn't until February when the American Recovery and Reinvestment Act was passed, providing the much-needed fiscal stimulus to help jumpstart the economy.Corporate earnings are much stronger today than they were in the fourth quarter of 2008, the banking system is on solid footing today compared to a crumbling banking system in 2008, and the Fed is providing significantly more liquidity to help calm the credit markets than it did then, according to DataTrek.

who runs this twitter account anyway? what a crook lol

as soon as I unblock, I see garbage articles like this, reminded why I blocked lol

This is not good!

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