Black Monday

**King1212** · 19-05-2020, 07:26 AM

Stop all this bull****.....Dow is soaring 900 points n vaccine is on the way...

**bull....** · 19-05-2020, 07:29 AM

was mentioning wasnt a big fan of wage subsidy mainly because it was poorly targeted and open to abuse by businesses .. easy seems they are rorting there version of it in australia too

JobKeeper payments being 'gamed

Businesses are manipulating their cash flows to artificially suppress monthly revenue and game the federal government's $130 billion wage subsidies

https://www.afr.com/policy/economy/j...0200518-p54tyy

**Panda-NZ-** · 19-05-2020, 07:33 AM

Originally Posted by bull....

JobKeeper payments being 'gamed

In Australia if you work 1 hr you get the full $750 whereas here it isn't as generous here.

Own a hobby business with one employee you can get loans and grants of 100k.

Interesting to see which approach works better since Australia is much more stimulative broad and further reaching.

**Entrep** · 19-05-2020, 07:44 AM

FOMO round 2 blasting off

**Joshuatree** · 19-05-2020, 08:50 AM

"Sunny days and everything is A.O.K". It'd a sesame st kinda world right now.Wheres bert when you need him for a dose of reality

**bull....** · 19-05-2020, 08:54 AM

Originally Posted by Entrep

FOMO round 2 blasting off

be interesting see a big part of the rally today was the vaccine announcement by moderna spurred a lot of buying

but

moderna just announced this

Moderna Announces Proposed Public Offering of Shares of Common Stock

https://investors.modernatx.com/news...common-stock-0

bit of a good news just before there capital raise hmmm sus . see if the range holds now

**Balance** · 19-05-2020, 08:59 AM

https://www.washingtonpost.com/busin...onomy-moderna/

Triple whammy positives propel US markets.

**Oberon** · 19-05-2020, 10:42 AM

Moderna vaccine trials, Powell interview and re-openings? Let's see: Moderna research is still in phase 1 and Powell warned against expensive stocks. As for the re-openings: given the incubation period of the virus, I'd say it's still too early to declare 'mission accomplished', especially considering 5 states, including Texas, have recorded a spike in cases. They're rolling the dice, hoping like hell they don't get a second wave.

Horrific economic data is shrugged off while the smallest glimmer of good news sparks a near 1000 point rally? Of course, me being rational about anything the market is doing has kept me on the sidelines since this started. Best ally for anyone on the sidelines right now is patience, IMO.