Alphabet, Walmart join U.S. effort to speed up coronavirus testing
The timing of that press conference was really suspicious, and makes me think this is still all about the stock market and not a public health strategy.<p>It was scheduled to start at 3:00 PM, but they stalled until 3:30 PM to actually start it. 30 minutes before the stock market closed for the week. The longer they talked, the more the market went up. The market loved them. Everyone&#x27;s confident that they are delivering competent leadership. Time to buy! Or so it seemed.<p>There were a huge number of short sellers in the stock market this week, and I think the white house knew that the short positions would be expiring at the end of the day on Friday. By bringing out this dog and pony show with captains of industry and making these big promises, I think they hoped to take credit for the inevitable upswing as short sellers brought up the market by closing their positions.<p>By doing this, the administration is trying to look like they have the power to restore confidence in the stock market, when in reality the market is still badly battered, and they are absolutely culpable.