Redfield projects COVID-19 vaccine to be rolled out by 'end of the second week in December'

[Nature Boy 2.0 8,370]

I am old enough to remember when Trump was a blatant liar for suggesting we would have a vaccine by the end of the year 

 

 

https://www.foxnews.com/health/redfield-projects-covid-19-vaccine-to-be-rolled-out-by-end-of-the-second-week-in-december

[Dashinka 24,499]

Good news, and probably is the biggest reason for the market record today.

[Ban Hammer 13,340]

24 minutes ago, Dashinka said:

Good news, and probably is the biggest reason for the market record today.

nonsense, it must be due to old joe winning............

[Steeleballz 7,550]

28 minutes ago, Dashinka said:

Good news, and probably is the biggest reason for the market record today.

 

    Considering we already knew this information, probably not. The market was reacting to the stability that comes when a leader decides to quit acting like a clown and start respecting the democratic process.

[laylalex 7,284]

[Neonred 3,562]

13 hours ago, Steeleballz said:

 

    Considering we already knew this information, probably not. The market was reacting to the stability that comes when a leader decides to quit acting like a clown and start respecting the democratic process.

We will see what happens to the market when Joe raises taxes on businesses and cuts oil production.  Fracking yes?  Fracking no?  Who the frack knows.

[Dashinka 24,499]

13 hours ago, Steeleballz said:

 

    Considering we already knew this information, probably not. The market was reacting to the stability that comes when a leader decides to quit acting like a clown and start respecting the democratic process.

Astrazeneca was news on Monday, so getting more potential for global distribution seems to bigger news then Joe whining about transition.

[Steeleballz 7,550]

5 hours ago, Dashinka said:

Astrazeneca was news on Monday, so getting more potential for global distribution seems to bigger news then Joe whining about transition.

 

Dow jumps 300 points on vaccine hope, hits high of day on news Yellen may be Biden’s Treasury pick

https://www.cnbc.com/2020/11/22/stock-market-futures-open-to-close-news.html

[Dashinka 24,499]

43 minutes ago, Steeleballz said:

 

Dow jumps 300 points on vaccine hope, hits high of day on news Yellen may be Biden’s Treasury pick

https://www.cnbc.com/2020/11/22/stock-market-futures-open-to-close-news.html

So two maybes.  Considering the Vid has done much more economic damage, I tend to believe an added vaccine to get through this had more weight then a potential Secretary of the Treasury announcement.

[Steeleballz 7,550]

1 hour ago, Dashinka said:

So two maybes.  Considering the Vid has done much more economic damage, I tend to believe an added vaccine to get through this had more weight then a potential Secretary of the Treasury announcement.

  Yes it makes perfect sense that the stock market reacted so strongly to information that everyone already knew, and just happened to time it with the cabinet announcement.

[Dashinka 24,499]

21 minutes ago, Steeleballz said:

  Yes it makes perfect sense that the stock market reacted so strongly to information that everyone already knew, and just happened to time it with the cabinet announcement.

Maybe you are putting way too much weight behind Yellen.  If Joe gets what he wants done, the market will eventually work it out.

[Steeleballz 7,550]

55 minutes ago, Dashinka said:

Maybe you are putting way too much weight behind Yellen.  If Joe gets what he wants done, the market will eventually work it out.

 

  I think maybe some are confusing the stock market with the economy again. The market is simply reacting to predictability and stability, as it always does. The market is reacting to knowing who the secretary of the treasury will be.

 

[Crtcl Rice Theory 2,432]

2 hours ago, Dashinka said:

So two maybes.  Considering the Vid has done much more economic damage, I tend to believe an added vaccine to get through this had more weight then a potential Secretary of the Treasury announcement.

If you want investment you need return and predictable outcomes for planning.  Janet Yellen is Biden's signal to the markets that it will be a "steady as she goes" approach, as much as possible in these very volatile times.  Is their risk? yes, but if the Fed and Adminstration can give us a stable base, investment in innovation can provide rich returns. 

 

Edited November 25, 2020 by CanAm1980