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Drudge Retort: The Other Side of the News
Monday, May 18, 2020

Stocks rallied on Monday, rebounding from losses last week, as news from a Moderna trial stoked optimism about a potential coronavirus vaccine.

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This is good news and should be shouted from the rooftops by CNN/MSNBC etc...right?

#1 | Posted by Rightocenter at 2020-05-18 01:53 PM | Reply

You have to be pretty messed up if good news makes you miserable. Talking to you Democrats.

#2 | Posted by gracieamazed at 2020-05-18 01:57 PM | Reply

@# ... This is good news ...

It is good news if you own stocks.

However, Wall Street will tell you that the state of the stock market does not equal the state of the economy.

While I am happy to see the stock market starting to continue its rise from 2008 lows, I will reserve my glee until I see, as an example, the unemployment rate drop down again.


#3 | Posted by LampLighter at 2020-05-18 02:41 PM | Reply

You have to be pretty messed up if good news makes you miserable. Talking to you Democrats.

Posted by gracieamazed

Good news for who? Wow, my portfolio is back to about 2/3rds of what it was worth before Trump purposefully bungled and downplayed the danger posed and the pandemic response. It won't put 36 million (and counting) Americans back to work. Just because the stock market goes up one day doesn't equal a restoration of the economy. The stock market is not the economy. It goes up, it goes down based on news and emotion.

If Trump hadn't purposefully bungled the response, downplaying the danger this pandemic posed, and mounted a vast federal response, as previous administrations did, we wouldn't be in this predicament.

U.S. is 5% of the world's population yet has 25% of the cases. Talking to you, Republicans. You voted for an incompetent narcissist who was more concerned about 'the numbers' (including the stock market .. see drudge.com) making him look bad - purely over his reelection chances - thus costing us precious time that could have thwarted the spread of COVID-19 in the U.S.

Trump ignored intelligence, defunded CDC scientists embedded in China, eliminated the Pandemic Response Unit at the NSC, failed to heed warnings from U.S. PPE manufacturers (leaving our stockpile depleted), and more.

This is on you, Republicans. You voted for a sexual assaulting, lying narcissist, knowing full well he is not an honest man.

#4 | Posted by AMERICANUNITY at 2020-05-18 02:41 PM | Reply | Newsworthy 4

#5 | Posted by AMERICANUNITY at 2020-05-18 02:42 PM | Reply

"The company said that after two doses all 45 trial participants had developed coronavirus antibodies."

Potentially great news, but we need more results and more trials more before will know for sure:

The vaccine also produced neutralizing antibodies against Covid-19 in at least eight participants, the company said. Experts have said neutralizing antibodies appear to be important in acquiring protection.

Four participants were assigned to receive a 25 microgram dose, while the other four received 100 micrograms. Levels of neutralizing antibodies were at or above levels seen in blood samples, the company said. Data on neutralizing antibodies for the other participants were not yet available, Moderna said.

#6 | Posted by Gal_Tuesday at 2020-05-18 02:48 PM | Reply

This is good news and should be shouted from the rooftops by CNN/MSNBC etc...right?
#1 | POSTED BY RIGHTOCENTER

What's the good news on when 330,000,000 vaccines will be ready?

#7 | Posted by snoofy at 2020-05-18 02:54 PM | Reply

Another view...

The Dow Is Soaring " and Fed Chair Powell Deserves More Credit for Its Rise
www.barrons.com

... Nothing's Gonna Stop Us Now. The stock market's next move was definitely not lower. I predicted it would be in The Trader column in this past weekend's issue of Barron's, but the next move has definitely been higher -- big time. ...

Two events seem to have juiced the market, one that was on the schedule, one that wasn't. Moderna's (MRNA) announcement that its vaccine is working in early trials was the unexpected news and it provided a big jolt to the stocks. Moderna stock has jumped 24% to $82.80.

But stocks were already trading higher when that news broke, and that was because Jerome Powell went on 60 Minutes, and delivered a relatively upbeat message about the post-coronavirus landscape. He told investors that he didn't foresee a Great Depression, that banks were healthy , and that there is "no limit" to what the Federal Reserve could do to bolster the economy if necessary.....


#8 | Posted by LampLighter at 2020-05-18 03:16 PM | Reply

How are they even permitted to breathe air still? This world needs a cleansing starting with finances.

#9 | Posted by redlightrobot at 2020-05-18 08:29 PM | Reply

This is good news and should be shouted from the rooftops by CNN/MSNBC etc...right?

#1 | POSTED BY RIGHTOCENTER

Yet the economy is still shedding jobs.

I wonder how long we'll remember the disconnect between the markets and actual economy, ie the economy as it's felt by actual people and workers, not the inflated money extraction scheme known as the market.

#10 | Posted by jpw at 2020-05-18 09:03 PM | Reply

Also, not entirely sure how it was "unexpected" that the vaccine would work. We know the technology is sound based on pre-clinical studies in animals and it's not exactly earth shattering information that a foreign protein introduced into the body results in antibody production against it.

#11 | Posted by jpw at 2020-05-18 09:05 PM | Reply

Lots of people will be unhappy.

good news for America is bad news for democrats.

#12 | Posted by rhet at 2020-05-18 09:07 PM | Reply

I'm perfectly happy with the stock market going up. My portfolio needs to recover from the destruction and incompetence of the Trump administration did and continues to do. This doesn't make me unhappy. Why would it? I also know it doesn't have much to do with the real economy. The stock market's a place to trade on expectations.

You trumphumpies have a seriously distorted view of the world.

#13 | Posted by YAV at 2020-05-18 09:15 PM | Reply

@#10 ... the inflated money extraction scheme known as the market. ...

In one of my prior professional lives I car pooled with a high-level Wall Street person.

Most interesting conversations ensued.

One comment that seemed to pop up a lot was the akin to what you said....

~The purpose of the finance industry is to transfer money from Main Street to Wall Street.~

So few words therein, so much wisdom.

#14 | Posted by LampLighter at 2020-05-18 09:16 PM | Reply

 

@#12 ... good news for America is bad news for democrats. ...

Why?

#15 | Posted by LampLighter at 2020-05-18 09:17 PM | Reply

BTW Rhet, I specifically gave you information on Jeff Foxworthy - did you read it?
drudge.com
#241

#16 | Posted by YAV at 2020-05-18 09:17 PM | Reply

@#12 ... good news for America is bad news for democrats. ...

Why?

#15 | Posted by LampLighter at 2020-05-18 09:17 PM | Reply |

any issue that is good for the majority of Americans is bad news because they can't use that against 45.

#17 | Posted by rhet at 2020-05-18 09:19 PM | Reply | Funny: 1

A viable, reliable, accessible to all Americans vaccine is also the best of all possible news. The sooner, the better.

#18 | Posted by Gal_Tuesday at 2020-05-18 09:22 PM | Reply | Newsworthy 1

BTW Rhet, I specifically gave you information on Jeff Foxworthy - did you read it?
drudge.com
#241

#16 | Posted by YAV at 2020-05-18 09:17 PM | Repl

no I did not. I used him to represent the 'blue collar tour". I didn't have time to finish saying what I wanted to say, and then the "real world" got

in the way.

I've read several posts here from people making despicable comments about rural citizens of this country.

I have no interest in his politics.

#19 | Posted by rhet at 2020-05-18 09:28 PM | Reply

~The purpose of the finance industry is to transfer money from Main Street to Wall Street.~
Similar to:
A story about a visitor in New York: After admiring yachts Wall Street bought with money earned giving financial advice to customers, he wondered where the customers' yachts were.

#20 | Posted by GOnoles92 at 2020-05-18 09:30 PM | Reply | Newsworthy 1

Lots of people will be unhappy.
good news for America is bad news for democrats.

any issue that is good for the majority of Americans is bad news because they can't use that against 45.

That's just your fancy way of saying Democrats are unpatriotic and deplorable.

#21 | Posted by Gal_Tuesday at 2020-05-18 09:34 PM | Reply

Rhet, you said, when asked for the names of 3 right-wing comedians:

you want me to name three like Foxworthy and that bunch but I won't because you'll just spew out more hatred towards them and the people who enjoy them.

I showed you that Foxworthy's only donations have been to Democrats.

So #19 is a bit of a strange response to that. I'll just let that sit right there.

#22 | Posted by YAV at 2020-05-18 09:40 PM | Reply

@#17 ... any issue that is good for the majority of Americans is bad news because they can't use that against 45 ...

You need to be a bit (OK, a lot) more specific.

For example, for starters, when you talk about "the majority of Americans" you need to place that statement in the context of Pres Trump losing the popular vote, and winning the Oval Office because of the Electoral College.

I have other concerns with your comment, but let's just start with that.

#23 | Posted by LampLighter at 2020-05-18 10:22 PM | Reply

It's not complicated. Any good news for US citizens is bad news for democrats. Anything remotely successful or even moving that way and the democrats lie about it, deny it, or marginalize it. The reverse is true. Bad news for America is good news for democrats. "never let a crisis go to waste."

the so called and laughingly called "heroes act" or bill or whatever the drunk is calling it, is a prime example.

I will say this. I'm talking about democrat politicians, not people who work at real jobs for a living.

#24 | Posted by rhet at 2020-05-18 11:20 PM | Reply | Funny: 1

"The urge to save humanity is almost always a false front to rule."

H.L. Mencken.

each of you have a pleasant evening.

#25 | Posted by rhet at 2020-05-18 11:25 PM | Reply

Any good news for US citizens is bad news for democrats.

Democrats are U.S. Citizens you idiot.

#26 | Posted by YAV at 2020-05-18 11:27 PM | Reply | Newsworthy 1

@#24 ... It's not complicated. Any good news for US citizens is bad news for democrats. ...

It does seem to be complicated to you because you apparently are unable to explain why "Any good news for US citizens is bad news for democrats" in spite of me asking for such an explanation.

... the so called and laughingly called "heroes act" or bill or whatever the drunk is calling it, is a prime example. ...

A prime example of what? Be specific. What do you not like about that bill?

Please cite specific examples.

Once again, thx.

#27 | Posted by LampLighter at 2020-05-18 11:30 PM | Reply

Democrats are U.S. Citizens you idiot.
#26 | POSTED BY YAV

I think that was the point. As in, when the U.S. citizenry win as a whole, the Dems lose. The Dems only win when the Dems win and the Republicans lose. Difference between the parties being the Republicans win when the U.S. citizenry as a whole wins, unlike democrats.

Not subscribing to said philosophy, but that's what I gathered from it.

#28 | Posted by rstybeach11 at 2020-05-19 12:01 AM | Reply | Newsworthy 1

Moderna doesn't have a ---- thing. But they did want to take their stock public today. But, I'm sure it's probably nothing, fellow red pillers.

  • investors.modernatx.com
  • #29 | Posted by Ben_Berkkake at 2020-05-19 12:06 AM | Reply | Newsworthy 2

    good news for America is bad news for democrats.

    #12 | POSTED BY RHET

    Nonsense. The best news would be Trump is no longer POTUS.

    And that's the best news for Dems and America.

    #30 | Posted by jpw at 2020-05-19 12:54 AM | Reply

    ~The purpose of the finance industry is to transfer money from Main Street to Wall Street.~

    Since 1975, practically all the gains in household income have gone to the top 20% of households.

    #31 | Posted by snoofy at 2020-05-19 02:39 AM | Reply

    "good news for America is bad news for democrats."

    Good news for Republicans is bad news for America.

    Name the last Republican President who left America, all of America, better off than before.
    "Since 1975, practically all the gains in household income have gone to the top 20% of households."

    Both parties support this, but only one party opposes expanding the welfare state to fill the void that's been created since 1975, and for no other reason than it would cut into the gains made by the top 20%.

    #32 | Posted by snoofy at 2020-05-19 02:46 AM | Reply

    Saying the stock market is going up without mentioning that the Fed is pumping trillions into it is ridiculous. Pretending that a possible vaccine will fix everything overnight is just naive. Even if the vaccine they are testing is successful, which is still very uncertain, it will still take considerable amount of time to finish testing and then manufacture enough doses. No, I'm just not buying it, it's still the Fed propping up the stock market.

    #33 | Posted by danni at 2020-05-19 10:05 AM | Reply

    "Name the last Republican President who left America, all of America, better off than before."

    Eisenhower.

    #34 | Posted by danni at 2020-05-19 10:06 AM | Reply | Newsworthy 1

    "I think that was the point. As in, when the U.S. citizenry win as a whole, the Dems lose. "

    Even Trump said that economically the country does better when Democrats are in charge dumb ass.

    "Trump Is Right About One Thing: 'The Economy Does Better Under The Democrats"

    "Since I'm an old Democrat supporting Hillary Clinton, it might surprise you to hear that I agree with Donald Trump's top line view of the economy.

    No, I don't agree with much that he's said since he started his 2016 presidential campaign, and recent revelations have rightly drawn opprobrium. But since I'm also an agreeable old southerner, I'll give credit where credit is due. Donald was absolutely right when he told Wolf Blitzer in 2004: "I've been around for a long time and it just seems that the economy does better under the Democrats than the Republicans."

    www.forbes.com

    For crying out loud, our economy has completely tanked, in progressively worse levels of disaster, under each successive Republican President and has been reconstructed by each successive Democratic President. Where have you been dumb ass?

    #35 | Posted by danni at 2020-05-19 10:10 AM | Reply

    Stocks Rally on Positive News on Covid Vaccine

    This rationale is just stupid.

    Even if all goes perfectly, it would still be at least a year before it was available to the public. And just for perspective, only about 10% of drugs that make it past the first trial ever get approved by the FDA.

    #36 | Posted by Angrydad at 2020-05-19 02:25 PM | Reply

    Despite the unprecedented push for a vaccine, researchers caution that less than 10 percent of drugs that enter clinical trials are ever approved by the Food and Drug Administration.

    The rest fail in one way or another: They are not effective, don't perform better than existing drugs or have too many side effects.

    Fortunately, we already have a head start on the first phase of vaccine development: research. The outbreaks of SARS and MERS, which are also caused by coronaviruses, spurred lots of research. SARS and SARS-CoV-2, the virus that causes Covid-19, are roughly 80 percent identical, and both use so-called spike proteins to grab onto a specific receptor found on cells in human lungs. This helps explain how scientists developed a test for Covid-19 so quickly.

    There's a cost to moving so quickly, however. The potential Covid-19 vaccines now in the pipeline might be more likely to fail because of the swift march through the research phase, said Robert van Exan, a cell biologist who has worked in the vaccine industry for decades. He predicts we won't see a vaccine approved until at least 2021 or 2022, and even then, "this is very optimistic and of relatively low probability."

    And yet, he said, this kind of fast-tracking is "worth the try " maybe we will get lucky."


    www.nytimes.com

    #37 | Posted by Angrydad at 2020-05-19 02:36 PM | Reply

    This is good news and should be shouted from the rooftops by CNN/MSNBC etc...right?

    #1 | Posted by Rightocenter at 2020-05-18 01:53 PM | Reply

    You have to be pretty messed up if good news makes you miserable. Talking to you Democrats.

    #2 | Posted by gracieamazed

    Uh, oh ... the market went down 390 points today

    #38 | Posted by AMERICANUNITY at 2020-05-19 05:20 PM | Reply

    "Bad news for America is good news for democrats. "never let a crisis go to waste."

    The one dependable thing about Republicans is that they will create "Bad news for America" which Democrats will have to fix. It has happened over and over and over because Republicans' primary concern is rewarding their donors not governing America.

    #39 | Posted by danni at 2020-05-20 09:35 AM | Reply

    "Uh, oh ... the market went down 390 points today"

    Don't worry, the Fed will be right there to prop it back up.

    #40 | Posted by danni at 2020-05-20 09:36 AM | Reply

    This is good news and should be shouted from the rooftops by CNN/MSNBC etc...right?

    #1 | Posted by Rightocenter

    Why?

    It's not like the stock markets haven't been fooled before.

    #41 | Posted by donnerboy at 2020-05-20 11:53 AM | Reply

    The stock market has no relation to the economy in general. Thanks to numerous GOP tax cuts for the 1%, rich people are awash in disposable income, after all you can only own so many yachts (ask the Devoss family). The stock market has become their casino, a way to multiply that disposable income. In the era of the orange diaper dumper the market no longer goes up and down due to daily news, it only really tanks when one of their major players runs into financial difficulty such as in 2008-09. I'm not even sure another housing market failed would register much with the markets.

    #42 | Posted by _Gunslinger_ at 2020-05-20 02:57 PM | Reply

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