Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search
9 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
what did the Dow do today (Original Post) gopiscrap Jul 2020 OP
Fell a little SoonerPride Jul 2020 #1
26,313.65 −225.92 (0.85%) dchill Jul 2020 #2
26,313.65 −225.92 (0.85%) Danmel Jul 2020 #3
Great minds... dchill Jul 2020 #4
Lol Danmel Jul 2020 #5
The DOW is a joke, gab13by13 Jul 2020 #6
Daddy Fed, baby! Yavin4 Jul 2020 #8
That was cooked in by today. In fact, folks were expecting GDP a little worse. Hoyt Jul 2020 #9
It did not do what it should have done... Alacritous Crier Jul 2020 #7

gab13by13

(21,264 posts)
6. The DOW is a joke,
Thu Jul 30, 2020, 05:39 PM
Jul 2020

I stopped watching cable money news programs. Only down 225 after a 33% drop of GDP when the next worst drop was -10%.

I heard what Fed chair Powell said yesterday, if needed central banks are prepared tp pump trillions more into Wall Street to keep the DOW up for Trump. Well, paraphrasing his talk.

 

Hoyt

(54,770 posts)
9. That was cooked in by today. In fact, folks were expecting GDP a little worse.
Thu Jul 30, 2020, 06:38 PM
Jul 2020

Honestly, I don’t think the Fed is propping it up for trump, but it does help trump a little, other factors equal.

If the market doubles, trump is still likely out if people are out of work and worried about future relief. Lots of us wouldn’t vote for him if he gave us a $ 5 Million stimulus check, healthcare, etc.

Latest Discussions»General Discussion»what did the Dow do today