The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough of New York City, New York, U.S., March 9, 2020. REUTERS/Carlo Allegri
Reuters: Nasdaq hits record high close as traders eye M&A and stimulus
The Nasdaq surged to a record high close on Monday as a rebound in multibillion-dollar deals, including Microsoft’s pursuit of TikTok’s U.S. operations, lifted sentiment, and efforts to hammer out a coronavirus relief bill resumed.
Microsoft (MSFT.O) jumped 5.6% after it said it would push ahead with talks to buy the U.S. operations of Chinese-owned TikTok. President Donald Trump reversed course earlier on a planned ban of the short-video app.
ADT (ADT.N) soared over 56% on news that Alphabet’s (GOOGL.O) Google was buying a nearly 7% stake in the home security firm for $450 million in a deal that will allow it to provide service to customers of its Nest home security devices.
Read more ....
Update: Stocks rally worldwide, S&P 500 back to within 3% of record (AP)
WNU Editor: On the one hand there is growing evidence that the pandemic is going to get worse. On the other hand global stock markets are predicting boom times ahead. So who is right?
3 comments:
Crooked politicians are running out of old people to murder.
Short stocks on LTC
Go long on living.
Too many MFers are wringing their hands whenever cameras are in view. They decry that antibodies decline after 3 months so there may never be herd immunity. Well, if that is true of antibodies after an infection, then would it be true also of antibodies after a vaccine, which is just killed or weakened vaccine?
So assuming we get a vaccine that worlds but antibodies fall in 3 months will hand wringing, silken tongue politicians mandate vaccinations every 3 months or continued lockdowns?
Society as a whole needs to do the following to lockdown politicians. Those politicians need to be arrested, tried, convicted, sentenced and capital punishment carried out on live TV.
Being that we are living in a bizarro world it all makes perfect sense.
Stock markets represent many things.
For example. You'll see a lot of activity and money moved in and out of markets if the game is tossed in the air. Thousands of winners, some new, some existing. Many losers. Usually the weaker, less well financed organisations. Big names among them that had cash flow issues.
It's a huge buying and acquisition bonanza, is my guess.
The big winners: those who were ready for the pandemic. Ready to go on a buying spree.
China.
Buying our economy by the trillions on printed money before we even realise what's going on. The largest monetary, assets and IP transfer in human history based on fake growth and planned biological attack. The ultimate insider trading. Government planned and backed -- In the trillions.
Your children and their children will be taught a different lesson of what happened if we don't stop it.
Post a Comment