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Drudge Retort: The Other Side of the News
Tuesday, November 24, 2020

Stocks rose sharply Tuesday - cracking 30,000 for the first time - after President Trump authorized the government to begin the transition processes and as President-elect Joe Biden nominated his pick for treasury secretary, steps Wall Street cheered on as further progress in stabilizing the nation's economy. At midday, the Dow Jones industrial average had soared nearly 470 points, or 1.6 percent, to a record 30,060.98. It marked the first time the blue-chip had breached the 30,000 threshold.

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Investors also appeared to approve of Biden's treasury nominee, Janet L. Yellen, who had served as the chair of the Federal Reserve from 2014 to 2018, leading the agency during the Obama and Trump administrations.

November's rally has been fueled by the political clarity brought by the presidential election, but also by multiple breakthroughs in the development of a coronavirus vaccine.

Since Donald Trump took credit for the market from the day after his election in 2016, I guess there's nothing wrong in letting Diamond Joe Biden use the same metrics.

Back in 2016 Bruno Mars introduced the world to his version of 24 Karat. Guess today Joe Biden's popular choices to work on his presidential policy team ups the bar to 30K.

(PS: The stock market is still not analogous with the overall economy, it's simply one indicator amongst many)

#1 | Posted by tonyroma at 2020-11-24 01:08 PM | Reply

Trump was right all along

Stocks will collapse with a Biden election

- - mistang

#2 | Posted by ChiefTutMoses at 2020-11-24 01:23 PM | Reply | Funny: 2

In honor of Bruno, here's a little 2020 remix:

30,000 Karat

Tonight
I just want to take you higher
Throw your hands up in the sky
Let's set this Administration off right

Pop pop, it's show time (show time)
Go time (go time)
Guess who's back again? [Joey B!]
Oh they don't know? (Go on tell 'em)
Oh they don't know? (Go on tell 'em)
I bet they know soon as we walk in [wit Jill] (showin' up)

Wearing Cuban links [Sec DHS} (ya)
Designer minks [Look at all the ladies in power positions](ya)
Inglewood's finest shoes [Kamala's Chuck Taylor's] (whoop, whoop)
Don't look too hard might hurt ya'self [Wear some Ray Bans, yo]
Known to give the color red [states] the blues [Georgia, Arizona, WHAT, WHAT?!?]

Oh ----, I'm a dangerous man with some money in my pocket [thanks small donors!] (keep up)
So many pretty girls around me and they waking up the rocket [I owe you so much ladies!] (keep up)
Why you mad, fix ya face [Rudy Colludy], ain't my fault y'all be jocking (keep up)
Players only, come on
Put your pinky rings up to the moon

Girls, what y'all trying to do?
Thirty thousand karat magic in the air
Head to toe so player
Uh, look out!

#3 | Posted by tonyroma at 2020-11-24 01:28 PM | Reply

And Trump just took sole credit for pushing the DOW over 30,000, like he's done something significant in the last two weeks. Well, there was that non-concession concession tweet last night where he took personal credit for Ms. Murphy finally doing her job at the GSA, after Michigan certified their vote, and this morning, just before the market crossed that 30K mark, Pennsylvania certified their vote. I don't care what Trump says, the markets are moving on the good news on the vaccine front and because the election, for all intents and purposes, is finally OVER and the Biden/Harris team can go about the business forming a new government, one based on the values and goals of the American public.

OCU

#4 | Posted by OCUser at 2020-11-24 01:38 PM | Reply

"there was that non-concession concession tweet last night where he took personal credit for Ms. Murphy finally doing her job at the GSA"

Yep. Right after Murphy went out of her way to claim it was her decision, and hers alone.

I won't miss The Gang Who Couldn't Shoot Straight (with the American people).

#5 | Posted by Danforth at 2020-11-24 01:43 PM | Reply

Dow closed at 30,046.24.

Thanks Joe - from the investor class.

#6 | Posted by tonyroma at 2020-11-24 04:36 PM | Reply

Trump finally got his Dow 30,000.

LOL.

#7 | Posted by snoofy at 2020-11-24 05:03 PM | Reply

ON Biden's Transition? that's just toooo ------- funny

Vaccine dumbasses

#8 | Posted by Maverick at 2020-11-24 06:43 PM | Reply

^
You don't appear to be having a good time

#9 | Posted by ChiefTutMoses at 2020-11-24 07:07 PM | Reply | Funny: 1

ON Biden's Transition? that's just toooo ------- funny

Vaccine dumbasses

#8 | Posted by Maverick

Vaccines were announced 2 weeks ago dumbass.

The DOW surged past 30k when michigan certified trump's loss.

#10 | Posted by SpeakSoftly at 2020-11-24 07:33 PM | Reply

"The DOW surged past 30k when michigan certified trump's loss doubleplusunwin."

#11 | Posted by REDIAL at 2020-11-24 07:45 PM | Reply

This must be upside down world. According to all the right wing snowflakes, the stock market was supposed to crash and covid was supposed to disappear. What's up?

#12 | Posted by mOntecOre at 2020-11-24 08:12 PM | Reply | Newsworthy 3

Archived.

#13 | Posted by gracieamazed at 2020-11-24 08:30 PM | Reply

Archived.

#13 | Posted by gracieamazed

Did you archive what donald trump said about his taxes, his health plan, building the wall, exposing russiagate, and no quid pro quo?

#14 | Posted by SpeakSoftly at 2020-11-24 08:53 PM | Reply | Newsworthy 3

Drudge takes a swipe at dotard.

pbs.twimg.com

#15 | Posted by reinheitsgebot at 2020-11-24 08:56 PM | Reply | Newsworthy 2

Vaccine dumbasses

#8 | Posted by Maverick

Vaccines were announced 2 weeks ago dumbass.

The DOW surged past 30k when michigan certified trump's loss.

#10 | POSTED BY SPEAKSOFTLY

I thought he was calling us "vaccine dumasses"

You mean Maverick actually believes in science?

I wonder if he can do math.

If there are ~2000 American deaths a day and 56 days left then there will be ~372000 American deaths by the end of Trumpy's Reign of Terror...

How many do you think will recover?

#16 | Posted by donnerboy at 2020-11-25 11:57 AM | Reply

"The DOW surged past 30k when michigan certified trump's loss.
#10 | POSTED BY SPEAKSOFTLY"

So the President *does affect the market??
LOL hoo new?

#17 | Posted by phesterOBoyle at 2020-11-25 12:23 PM | Reply

"So the President *does affect the market??
LOL hoo new?"

Who knew?

People who sold in February when they had insider information that Trump had blown all his chances to protect us from COVID-19.

#18 | Posted by snoofy at 2020-11-25 12:45 PM | Reply | Newsworthy 1

So the President *does affect the market??
LOL hoo new?

#17 | Posted by phesterOBoyle

Everyone with common sense knew that getting rid of a moronic erratic ignorant dangerous leader who is getting tens of thousands of americans killed with his incompetence would be good for the markets.

#19 | Posted by SpeakSoftly at 2020-11-26 02:08 PM | Reply

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