Posted on 03/26/2020 7:08:15 AM PDT by ConservativeInPA
Dow Industrials are up by 3% in first half hour of trading. This begins a third day of market increases, even after record unemployment claims of 3.283 million announce prior to market open.
where’s the Trump tweet?
Not sure. I don’t do twitter. I only get Trump tweets secondhand.
The market is not going to hold up. Don’t get mad, just telling it like it is. Dems have done too much damage to the economy and the national psyche for political gain.
Euro is strengthening against US$. Huge movement going on in currency markets. Fed is devaluing the dollar.
The market will hold on.
I’m just reporting numbers. This market is going to have violent swings, even though the VIX is down a little at the moment.
I think the big ADP number shocked everyone this morning, and brought home the actual cost of these lockdowns. Which means that the pressure will shift FROM worry about the WuFlu boogeyman to the reality that we need to get back to work, pronto.
Expert or chicken little?
That’s awesome!
I don’t think you are correct. A month ago the optimism was at a historic high, that reservoir was not depleted by this. I get the sense people are just itching to get the train rolling again. It won’t come back all the way, it can’t. We won’t even be able to have large gatherings, The Masters, sporting events, shows etc until there is a vaccine. That said, things will come back as much as possible.
Do you think that the ADT number has already been baked into the market?
Part of the unemployment numbers are baked into the market right now. Not too much of a surprise to me. I was expecting higher in PA, only 640k (only, haha, what a f’n joke, I was expecting closer to a million.)
“The market is not going to hold up. Don’t get mad, just telling it like it is. Dems have done too much damage to the economy and the national psyche for political gain.”
ROTFLOL!
you keep predicting that, and you keep being wrong!
since i don’t listen to fools like you and make my own analysis, since i invested in RDSB last thursday, my portfolio is up 30% and by $87,000 ... i’ll keep you informed of my progress whenever you predict the market is going to crash ...
now, here’s my prediction:
there’s currently a balance between the fear that the upwards market explosion is going to be missed vs whether the market bottom has been reached ... once the market begins to steadily creak upwards, which i think it has started to do, the fear of missing out will soon overtake the fear of investing too early, and then that sucker is going to take off like a rocket as the couple of trillion that’s sitting on the sidelines rushes back in ...
other factors likely to propel it upwards is when the stimulus bill is finally passed, and then of course the days after Easter when President Trump starts announcing that big parts of our country are open for business because the large NY hydroxychloroquine + azithromycin trial is successful, and the SLOPE of the morbidity/mortality curve (NOT the infection curve which is driven by increased testing) has turned negative, and the interesting thing about that is that the OTHER parts will start clamoring to be opened as well ... and then that’s all she wrote ...
They were estimating 2 million. The larger number was a shocker. The discussion from here forward WILL NOT be about the WuFlu boogeyman. The discussion is how we get back up and running.
IMHO.
Who is “they”?
The seers. Prognosticators. Commentators. Experts. CNBC motormouths. Colyumnists.
That “they.”
THIS, is spot on.
That one is probably most accurate.
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