Puppet Masters
The coronavirus pandemic has sent the Dow careening as much as 9,835 points in five weeks, down 33.28% from its all-time high of 29,551 set on Feb. 12.
The Dow closed at 19,732 on Trump's inauguration day Jan. 20, 2019.
The Dow suffered its worst point drop in history Monday, losing nearly 3,000 points, or 12% of its value, in a single day.
The index rebounded over 1,000 points, or 5%, on Tuesday following the Federal Reserve's announcement that it will launch a special fund to purchase commercial paper, or short-term loans leveraged by businesses to keep afloat and the White House's call for an injection of $1 trillion into the economy.
However, stock futures hit their "limit down" Tuesday evening after the rebound and at market open on Wednesday plunged 1,300 points.
Market volatility is expected to continue as the coronavirus pandemic continues, Michael Farr, the president of the investment management firm Farr, Miller & Washington, told The Washington Post.
"The volatility shows the desperation on Wall Street to find fair value," Farr said. "Each news release and statistic is greeted with 1,000-point swings."
Reader Comments
But seriously.
The 1% let the funds - stolen by the Fed from US citizens - artificially rise, and then 'took profits' of that 1T, getting more value out of the scam/ plan, then sold, and will buy again (many more ) shares at far lower prices, and either"
A) resell after next 'infusion' or, eventually, B) Hold and wait for transactions to refill their values.






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