The Dow picked up on Friday to wrap the session at 317458 heading into President’s Day Weekend, as The Nasdaq gained 69 to finish trading over 14k clocking in at 14095. The S&P was mostly closing the day up 18 to 3934.
A CNBC op ed reports that Recent antitrust proposals could ‘throw sand in the gears’ of economic recovery by stalling M&A.
Ya Think? Another job killing move by the Dunderhead in Chief and the hapless Democrat congress! Last year, some in Congress called for a merger moratorium banning all M&A during the pandemic. Then, in a surprise announcement, the FTC — over the objection of two commissioners — said it would no longer quickly approve the vast majority of transactions notified to the government that cannot plausibly reduce
competition. Most recently, Imbecilic Senator Amy Klobuchar, D-Minn., introduced
antitrust reform legislation that would give the government even greater power to
block M&A it deems problematic. That WHO deems problematic, Amy Klobuchar?
Have any of these people ever had a real job. But I Digress.
And over in JOLLY OLD….. U.K. Economy Suffers Biggest Slump in 300 Years Amid Covid-19 Lockdowns. The Lockdowns in Britain contributed to the largest contraction of the world’s major economies in 2020. But as they say…WE GET KNOCKED DOWN..BUT WE GET UP AGAIN! (With a tip of the hat to CHUMBA WUMBA.
The U.K. economy recorded its biggest contraction in more than three centuries in 2020, according to
official estimates, highlighting the Covid-19 pandemic’s economic toll on a country that has also suffered
one of the world’s deadliest outbreaks. But you can count on our friends over in the UK to continue.
“pissing the night away” in the face of this seemingly insurmountable obstacle! *pissing means drinking heavily