Market Gamblers Get Taxpayer Bailout
So much for that "Free Market" crap:
After shooting up more than 400 points at the opening bell, The Dow Jones industrial average was up more than 370 points, a 3.4 percent gain, by 2:30 p.m. That is on top of a 400-point gain late yesterday after news of a government program began to emerge and could bring the market to break-even for the week. The technology-heavy Nasdaq was up 2.5 percent and Standard & Poor's 500-stock index rose 3.7 percent.
Basically, Wall Street is celebrating because Uncle Sam has taken our money and used it to buy all the dogshit that investors thought was full of diamonds.
They get to keep buying more dogshit, we get to eat it.
After shooting up more than 400 points at the opening bell, The Dow Jones industrial average was up more than 370 points, a 3.4 percent gain, by 2:30 p.m. That is on top of a 400-point gain late yesterday after news of a government program began to emerge and could bring the market to break-even for the week. The technology-heavy Nasdaq was up 2.5 percent and Standard & Poor's 500-stock index rose 3.7 percent.
Basically, Wall Street is celebrating because Uncle Sam has taken our money and used it to buy all the dogshit that investors thought was full of diamonds.
They get to keep buying more dogshit, we get to eat it.
posted by MarceauMarceau at 12:31 PM
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