Bloomberg: Market Futures Up

[Mike 03]

DJIA +914
S&P +85
NASDAQ +199

https://www.bloomberg.com/markets/stocks/futures

With so much bad news, I don't get it.

[beachbumbob]

1. Fed announced another bailot for investor class and corporations so yes, its huge

up. One day we will have an accounting of all this and make the FED not a personal bailout tool of the rich

[Mike 03]

3. Oh, thank you.

So that's what's going on.

It scares me when the Fed "saves the day" because one day the bill is coming due (probably on Biden's watch and we'll get blamed for the crash set into motion by Trump).

[beachbumbob]

5. FED announce they will buy corporate bond issues, a clear bailout

then look how investor class and business avoid paying federal taxes. I would have simple rule. If you pay little or no federal taxes then such bailouts are denied. If you give out stock options and bonuses, NO BAILOUTS period, if you have stock buybacks in last 3 or 4 years, NO BAILOUTS.

I laugh when some conservative talks about capitalism because we don;t have capitalism in the US

[soothsayer]

2. That, and dexamethasone?

Covid treatment (existing, cheap steroid) that helps fewer people die?

Ok, it’s the bailout.

[Squinch]

4. Yes. There were all these companies that used the tax cut to buy back shares

to put money in their executives' pockets. They should have used the money to create a cushion to protect them in bad times.

But they didn't.

So NOW, the FED has said they will be buying stocks from these criminally badly run companies to keep them afloat, or rather, to keep their executives rich.

YOU AND I are paying for this. Because really, someone has to prop up the billionaires.

And YOU AND I should not be looking for any assistance like this from the federal government for those people who are having trouble meeting the rent and feeding their children. Because they're all just welfare queens and that $600 a month just makes them dependent.

This is the world we live in. And that's why the stocks are going up.

But don't worry. The crash will come and it will be inevitable. But we'll pay for that too.