Posted on 04/14/2020 1:15:12 PM PDT by Conserv
U.S. equity markets rallied Tuesday as concerns over the coronavirus ease and early-stage plans of re-opening some pockets of the economy take shape.
DOW JONES AVERAGES 23949.76 +558.99 +2.39%
S&P 500 2847.34 +85.71 +3.10%
NASDAQ COMPOSITE INDEX 8515.915505 +323.49 +3.95% The Nasdaq surged nearly 4 percent stretching its winning streak to four days, the longest since February.
Trump spank Paula Reid Rally.
One day doesn’t mean a thing.
It’s being going up for more than one day.
Nasdaq and S&P are now out of bear territory.
I don't understand why so many obsess over the daily ups and downs. DJIA could go up 2000 points this week but be down 5000 points next week. So what? Thirty years from now, it will be up overall and this Chinese virus will be in the history books. Just like the dot.com bust and the 1987 crash is in our history books today.
Markets are never entirely rational, but could market players have known the grand entrance of COVID 19 into the USA would lead to an actual economic shut down or was there no way for market makers to predict that?
I am starting to think the correction could possibly be done, with the caution that we still don’t know how and when the economy will be re-opened. If the entire USA re-opens except New York, will that really help?
If the market fell 40% NOT due to an imminent shut down but just to the news of the virus itself, then we really did ALREADY hit bottom. This is it. Because we now see that virus to be a big fat nothing burger. With peak in the next few days, we will see a lower death count day by day.
Trillions in central bank printed money has to go somewhere...most going to equities and T-bills. Stock run-ups not based on fundamentals.
https://www.federalreserve.gov/monetarypolicy/bst_recenttrends.htm
https://www.ecb.europa.eu/pub/annual/balance/html/index.en.html
That’s nice but it doesn’t mean jack to all of the unemployed locked-down blue collar people out there.
Letting them continue under House Arrest while Wall Street rebounds is actually not good for Trump.
Stock prices haven’t been based on fundamentals for years.
Too bad I missed most of the boat then.
Good news is Copper. Copper did NOT break below $2.00 and is now at $2.30. And Natural Gas. Natural gas did not break below $1.50 and is rallying back to $2.00. Both good pre cursor moves to an economic recovery.
This headline is laughable.
For myself because long term the market is not entirely rational. PE ratios are ridiculous especially on the NASDAQ and on companies like Netflix. Why Netflix gets a bid say and a boring grocer with a much better balance sheet and PE ratio does not baffles my mind. Imagine if Netflix was a small business. No one would ever buy a business that would take 200 years to pay back the original investment.
The federal reserve is monetizing the debt, and Congress is spending trillions it doesn't have and has no intention of ever repaying. That money has to go somewhere. It will go into asset bubbles.
The Reno TV area hasn’t said a peep-—
They couldn’t blather enough when the market was going down-—
BUT—They refuse to recognize the upward movement.
NO BIS, EH???
The Reno TV area hasn’t said a peep-—
They couldn’t blather enough when the market was going down-—
BUT—They refuse to recognize the upward movement.
NO BIAS, EH???
We’re going to pay for this mess one way or the other.
Inflation, including asset inflation is one way.
It sucks but its better than a great depression which is where we are teetering on the edge of.
And it only cost us trillions of dollars to find that out!
Trump had no choice but to out-demagogue the demagogues.
And would you trust the intelligence agencies that tried to get him out of office? I wouldn’t.
Would love to see a Dow >30,000 by the end of this year.
I’m down about 8% to get back to Jan. 1st. levels on a Brokerage account. But it was down 19% in mid March. I think there is still some rally left in the Market. But IMO we will see another tank when it’s clear the damage to the economy is too deep after “going back to work” I’ll be taking more funds to cash soon. I just didn’t have the jewels to buy with what dry powder I had three weeks ago. A lot of money was made.
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