Trump spank Paula Reid Rally.
One day doesn’t mean a thing.
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
This headline is laughable.
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???
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.
What economic shut down?
What coming recession?
Don’t worry about businesses making no profits for the next 6 months. They will make it up on volume?
Dow should hit 50,000 tomorrow or the next day. Party like it is 1929.