S&P 500 rallies to record close as Irma concerns decline; Dow jumps more than 250 points
This is a joke right? The insurance companies that are on the hook for the damage went up? No investor in his right mind would invest in a company at the moment that it has a huge unknown expense. Clearly central bank manipulation, or am I just completely crazy? I guess it's cheaper and easier for the CB to buy and buy stocks to pump up the market so the insurance industry can cash out to pay for the expenses instead of waiting on Congress to send the $. Plus it lessens the amount of $ the congress has to ask for.