Unemployment claims came in at another 3 milly, placing a total of 36 million Americans directly into the shit-box since March. On this news, stocks went down, shockingly. We were off more than 300, now just 180. The way this is supposed to work is Main Street suffers under the weight of champagne bottles delivered to Wall Street.
Yesterday on Twitter, RIP Capitalism was trending. I found most of the tweets amusing, all bedraggled Communists with a RED AGENDA. Here on Wall Street, we simply produce MOAR gains in order to finance extravagant lifestyles — the American way.
Oil is up more than 3%. Goldman says it’s going back to $65. I see no reason to panic — yet.
Here were today’s overnight gains.
See pal, that’s who I am and you’re nothing.If you enjoy the content at iBankCoin, please follow us on Twitter