FINANCIAL MEDIA ANALYST:

Futures on the Dow Jones, S&P 500, and Nasdaq 100 dropped 0.3%. The dollar index edged higher by 0.1%, to $92, but was still around its lowest in almost two months.
Senate Democrats quashed a $500 billion coronavirus relief bill put forth by Republicans on Wednesday, on the basis of its inadequacy to address the public health crisis that has killed over 200,000 Americans. A similar slimmed-down GOP plan was dismissed by Democrats in September.
House Speaker Nancy Pelosi has acknowledged the plan may not come together ahead of the election since the Senate remains the biggest barrier to the talks.

The constant media narrative of what investors are doing for X reason is really a huge fraud. The financial media is as broken as the rest of it and feels the need to establish a fake urgency to get eyeballs. So, they wind up being like sports commentators, opining on what’s happening this minute… then this minute… ad infinitum. Too much financial media is to investors what narcotics are to the human body: feels good for a minute but long run it’s poison.

BIO: Dan Ferris is the editor of Extreme Value, a monthly investment advisory that focuses on some of the safest and yet most profitable stocks in the market: great businesses trading at steep discounts…
Dan joined Stansberry Research in 2000. He became editor of Extreme Value in 2002. His strategy of finding safe, cheap, and profitable stocks has earned him a loyal following – as well as one of the most impressive track records in the industry.

PODCAST: investorhour.com

LINKEDIN: www.linkedin.com/in/daniel-ferris-01433a4

FACEBOOK: www.facebook.com/StansberryResearch/

TWITTER: @dferris1961