This is a stock market open thread. I hope someone’s enjoying the ride. I’m certainly not. I’ve lost $6,900 from my 401(k) since December, and I imagine those of you who have been living in and saving in the US for a lot longer than me are doing even worse. On the other hand, your next 401(k) contribution will probably buy a lot more.
So, how will the $140 billion stimulus package stimulate the economy? Beats the shit outta me. All I know is that it’ll probably have to be borrowed from China. And what about the rate cut? The Fed lowered it this morning by three-quarters of a point.
Have a fun day. Stock futures are already down over 500 points.