Skip to comments.Dow opens more than 800 points lower as U.S. coronavirus cases rise, after Fedís grim economic outlook
Posted on 06/11/2020 7:59:24 AM PDT by bitt
New coronavirus cases still rising in more than 20 U.S. states
U.S. stocks swooned Thursday as coronavirus cases continued to rise and investors digested Wednesdays downbeat economic outlook from the Federal Reserve.
The market moves came even as the number of Americans filing for jobless benefits for the first time continued to decline in the most recent week.
(Excerpt) Read more at marketwatch.com ...
There is that word “Grim” again.
It’s as valuable as the selective use of “Allged” and “Supposed”.
profit-taking is in order - the institutional quarter ends on 6/30.
Okay cases are rising in 20 States. I live in New York City. Is it at that level or is it such small numbers that double those numbers are still small?
Double 100 new cases is a lot different than double six.
One has to look at the population and even with the increase are things really that bad? Are any hospitals overwhelmed in these states?
Now that we know that the mortality rate is very very low and that if we protect the elderly there Will be few deaths from this thing, it’s a little different than 3 months ago
I heard that the rising cases in Texas is due to increased testing. It isn’t a 2nd wave.
e.g., Warren Buffett is waiting for another chance for “buy in.” Look at the profits he made since March 2020....
The Stock Market is not the Economy.
It’s Las Vegas for wealthy people...............
This is how we create stats to play with. The same sh** tactics they use in global warming.
Don’t forget “debunked”.
According to Worldometer, CV cases AREN’T rising - they continue a slow but steady decline in new cases. If they mean that each new cases raises the total of number of cases since the epidemic ban, that’s a very distorted way of looking at it.
What an overreaction. The market is not down 800 points. It’s down 1044 points. Nothing to see here...move on.
I have been warning people for weeks that we were witnessing a bear market rally and that Wall Street was simply delusional about the state of the economy. Sometimes I hate being right.
The BIG computerized wirehouse traders are harvesting PROFIT and will in a few more days, drive the market back up readying for yet another reaping of profit.
In the meantime, the pundits at Fox Business channel & CNBC supply reasons for these big market fluctuations ( coronavirus, BLM, China, etc )
Welcome to the new norm.
Good points. “Pockets” of new cases, not the whole state.
Hospitalizations are continuing to fall.
Deaths are the lowest point since April 4
After weeks of rising. Without context this headline is useless.
The market is the only wise place to put your money.
Even with today’s losses I’m up 35% & my dividend yield is in the high teens. What investment can you find that pays anywhere near that?
I wish I could put a lot more in some of the bargains today.
Bro I live on Staten island, part of the city that has been hit the worst, and I know no one and they know no one who has had this virus.
That is easily over 500 people. I kind of assume some of us had it but it is such a week virus that no symptoms showed.
it is strong for old people though and I think it does something to the blood that affects people with high blood pressure. But any healthy person under 70 will likely beat this if they get it.
We cannot shut the country down again
Gotta be a...coincidence...no coincidences in no coincidences in polytiks!
GyG@PlanetWTD!/Where Nuthin’ Works!
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