The Briefing Room

General Category => Economy/Business => Topic started by: mystery-ak on September 03, 2020, 05:34:23 pm

Title: Dow skids 700 points as Fauci warns on coronavirus vaccine timing
Post by: mystery-ak on September 03, 2020, 05:34:23 pm
Dow skids 700 points as Fauci warns on coronavirus vaccine timing
Tesla shares were lower for a 3rd day

    By Jonathan Garber FOXBusiness

U.S. equity markets tumbled Thursday after Dr. Anthony Fauci dashed hopes that a COVID-19 vaccine was coming soon, contradicting documents from the Centers for Disease Control and Prevention.

Fauci told CNN a vaccine was unlikely to be ready by the end of October. In a separate interview with NBC News' "Today," Fauci said a vaccine was likely by the end of the year.

The Dow Jones Industrial Average fell over 700 points, or 2.6%, with Microsoft leading the decline.

more
https://www.foxbusiness.com/markets/us-stocks-sept-3-2020 (https://www.foxbusiness.com/markets/us-stocks-sept-3-2020)
Title: Re: Dow skids 700 points as Fauci warns on coronavirus vaccine timing
Post by: jmyrlefuller on September 04, 2020, 02:46:35 am
Please tell me why Fauci has not been fired yet for his constant, deliberate undermining of the government response to this virus.

I want to know.

I also want to know why this buddy of the Cuomos was ever put in a position of authority on this in the first place.
Title: Re: Dow skids 700 points as Fauci warns on coronavirus vaccine timing
Post by: Smokin Joe on September 04, 2020, 03:17:49 am
Call me curious, but in India predictions were that no vaccine would be ready and adequately tested for safety for two years. How come there will be an October surprise with this one? I am not going to be a lab rat.
Title: Re: Dow skids 700 points as Fauci warns on coronavirus vaccine timing
Post by: Free Vulcan on September 04, 2020, 03:53:12 am
What the hell ever. The market has been going vertical for days, mostly on thin overnight volume.

It was ripe for a setback.
Title: Re: Dow skids 700 points as Fauci warns on coronavirus vaccine timing
Post by: catfish1957 on September 04, 2020, 04:00:03 am
Quote from: Free Vulcan on September 04, 2020, 03:53:12 am
What the hell ever. The market has been going vertical for days, mostly on thin overnight volume.

It was ripe for a setback.

Yep, funny what left leaning talking heads even in the fin area will even report, when today was simple profit taking. 

Market is still wayyyyyy wayyyy oversold.  DOW IMO reality value is somewhere between 18000-20000