Common sense shows this is way worse than 2008 recession. No one is spending money on anything. That is the worst possible economic thing.
We are printing money and talking trillions like it is no big deal. Why is the stock market not down like 50%?
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The stock market responds quickly to fear & good news even if that news has nothing to do with it. The fact that it only dropped 9000 points, which BTW is a lot, is because of the confidence that traders have in Trump's effect on the economy. The good news about that new treatment is what caused the upward jump, along with the news about states ending the shutdown. That news right there caused a huge number of buys by investors trying to carch the market on an upswing. It makes perfect sense.