Posted on 05/26/2020 6:45:41 AM PDT by caww
Stock roared Tuesday coming off the holiday weekend,The Dow Jones industrial average shot up nearly 600 points Tuesday, about 2.5 percent, on the heels of its 3.3 percent gain last week.
The New York Stock Exchange on Tuesday reopened its floor, allowing traders back on under restrictions that include temperature checks, social distancing, masks and Plexiglas barriers. The pandemic forced it to shift to all-electronic trades on March 23.
European markets swelled on Tuesday. The French CAC was up 1.24 percent, Britain’s FTSE 100 was up 1 percent and the German Dax gained .87 percent in mid-day trading. Asian markets boomed overnight, seeming ignoring rising tensions between the U.S. and China over a crackdown on pro-democracy activists in Hong Kong and China’s role in the coronavirus pandemic. Japan’s Nikkei up 2.5 percent, the Shanghai Composite up 1 percent and Hong Kong’s Hang Seng Index a robust 1.9 percent.
(Excerpt) Read more at washingtonpost.com ...
Democrats crying in their lattes. They hoped to trash the economy, like they are doing to DJTrump.
Democrats Deeply Saddened.
I get the feeling that people are starting to feel good(or a least better)....
and a long wkend never hurts.
America is returning to work in what was, 2 months ago, a very very strong economy. Let’s hope for a strong recovery, for everyone’s sake.
CAUTION: How much of the gain is through CCP proxy? The REAL financial health will be through the return of jobs and small business over the next six months.
It’s all that positive talk about the economy/stock market from President Trump. He believes in a positive attitude
Rush on today, Everyone.
It’s crazy to think that this great economic news is bad news for the Liberals politically.
It’s crazy to think that the Liberals are afraid that voters would give Trump and Trump policies credit for the economy bouncing back.
It’s crazy to think that the Liberals would prefer a depression and all the hardships involved there just so they can regain political power.
Very true. But Wall Street and the other world markets are now placing a bet that it is going to happen.
I guess that makes me crazy. LOL!
Why is the overall short position on the indices SO large? Can anyone explain that?
GO AMERICA!
never trust a big gap after a 3 day weekend ....
Respectfully, that is not true. The short position overall is incredibly large. Do your research. Some VERY big boys are betting the markets (the markets) are going to go down hard.
It is not crazy.
I remember 30 years ago, a couple of left-wing pundits says how the Great Depression was a good event-it changed people’s attitudes about governments, especially the federal government regulating and planning the economy.
Feds pumped a lot of cash into the economy of late. And Maybe the market doesnt reflect mom and pop businesses so much, but lots of businesses are hurting. Not sure we are off the roller coaster yet.
Im in the market long term so I'd rather it be real than overly optimistic. OTOH, I dont want it to crash either.
Very true. But Wall Street and the other world markets are now placing a bet that it is going to happen.
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And, it’s one less thing the media has to attack Trump with.
On a bad market day, cnn highlights it all day long.
On a good market day, not so much.
CCP proxy
Please enlighten us (me at least) on whatever the CCP Proxy is and how it plays a roll in todays uptick
https://www.investopedia.com/terms/s/shortsqueeze.asp
A short squeeze occurs when a stock or other asset jumps sharply higher, forcing traders who had bet that its price would fall to buy it in order to forestall even greater losses. Their scramble to buy only adds to the upward pressure on the stock’s price.
Liberals love FDR because he parlayed a recession into a worldwide depression, a world war, massive gains for communism and five consecutive presidential election victories.
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