Fox and Friends imply stock market rise is due to Pfizer's vaccine trials, not Biden's win.

[skip fox]

Leaving no lie unsaid,

[bearsfootball516]

1. I mean, that's partially correct.

It's been going up since he clinched it on Saturday, but the massive spike this morning was due to the Pfizer news.

[Walleye]

2. Eventually they're going to have to admit that the campaign is over and Trump lost.

[unblock]

3. Well it's both. But of course donnie once insisted markets would crash of Biden won...

[Mike 03]

11. Trump said that exactly.

If people would only take a look at the 5-Day chart. The market popped on November 3 and plateaued for a time on November 5 and hasn't looked back since.

https://www.google.com/search?q=djia+chart&oq=DJIA+chart&aqs=chrome.0.0i433i457j0l7.1487j1j7&sourceid=chrome&ie=UTF-8

Adjust to "Five Day" view.

[unblock]

14. yeah, to clarify, i meant *today* is partly due to the vaccine news.

the market very clearly went up last week with every bit of additional confidence that biden had won.

[SmartVoter22]

4. THe other major stocks are a huge part of today's surge

Apple is going up too, which accounts for a huge percentage of what the NASDAQ pre-mkt surge is.
Other stocks are also up. The Pfizer bump is not that big...only about a 2% surge for that stock.

Pre- market numbers include all stocks and never jump that much on one issue or one stock.

[mobeau69]

5. Pfizer was up 15% a few minutes ago. Stay at home stocks are down and

Airlines and hotels are all up.

[Thrill]

6. Futures were up 360 before the vaccine news

[uponit7771]

7. *** WARNING *** The Pfizer data is another "PRESS RELEASE" and not a peer reviewed study

The drug companies have been spiking stock prices by having these non peer reviewed press releases then later when the premo data comes out there's something wrong with it.

The thing that looks obviously wrong with the Pfizer data is they're not actively trying to infect anyone so how do they know the efficacy on a numerical basis?

This is the equivalent to the rain is 90% effective of keeping alligators from eating my shoes argument

Yes, somethings wrong on the face of this

[unblock]

16. personally i don't understand the studies that deliberately infect people.

massively unethical imho.

that said, yes, these are preliminary numbers on effectiveness, and no news yet on side effects, which may show up later.

so, cause for optimism, albert of the cautious variety....

[Mike 03]

8. The stock market began to pop on November 3

Adjust the chart to the "5 day view"

https://www.google.com/search?q=djia+chart&oq=DJIA+chart&aqs=chrome.0.0i433i457j0l7.1487j1j7&sourceid=chrome&ie=UTF-8

[onenote]

10. The market began to pop on November 2.

Up 423.45 the Monday before election day.

[onenote]

9. It almost certainly is at least in part due to the vaccine report.

Silly to think otherwise.

Biden's election was baked into the market the week leading up to election day.

[Roland99]

12. just look at the futures chart. They're right

[JI7]

13. I hate the obsession with the stock market

Not saying it doesn't matter at all but certainly not on the day to day level.

And there are other things that matter more when it comes to most people's economic situation .

[still_one]

15. I guess they are ignoring that the futures were up over 400 points before this news came out

Murdoch and fox are a virus in and of themselves

The day Murdoch, trump, and other merchants of hate leave this earth, I will celebrate