Posted on 02/04/2020 7:12:03 AM PST by John W
Stocks rallied on Tuesday, building on solid gains from the previous session as the market recovers from a steep sell-off that was sparked by worries over the coronavirus.
The Dow Jones Industrial Average traded 450 points higher, or 1.6%. The S&P 500 gained 1.4% along with the Nasdaq Composite.
Stocks that have been hit by fears of the coronavirus slowing the economy bounced on Tuesday. Apple jumped 1.9%. Nvidia and Micron rose more than 2% each. Companies directly impacted by the coronavirus, including Carnival, which confirmed on Monday that a former cruise-line passenger tested positive for the virus, rose. Carnival added 2.6%. American and United were both up by more than 4%.
Tesla, meanwhile, powered the Nasdaq with a surge of more than 17% that lifted the stock above $900.
(Excerpt) Read more at cnbc.com ...
bbb….bbbbu…..bb....bbbut there are now many MORE coronavirus cases than when that drove the market down just a few days ago...
IMPEACH!!!!!!!!!!!!!!!!!
Something is very very off with TSLA
I am leaning toward the conclusion I have seen by people far smarter than me..that China is parking emergency funds there..and Elon Musk made a trade with the Devil..in this case..China.
And no doubt China is behind some of these wild option moves and making a fortune just from that...
You can’t even believe how much money is being made on options in hours
Not surprised after Democracy won big-time last night.
I sure hope President Trump’s State of the Union Address is very long tonight. I want the most chance for Pelosi’s Dentures to fall out and heard a pee in her diaper tonight.
True. Maybe Wall Street figured out they are quite likely to have status quo or better after the way Iowa is going for the dems. Of course any msm outlet isn’t allowed to say that.
Maybe due to the fact the Iowa Caucus showed that the Democrats have no chance against Trump in 2020.
For the record.......
I’ve seen two Teslas here. If the car has made it this far out of the mainstream, there is something there
The Charlie Foxtrot in Iowa couldn’t have anything to do with that...
“Maybe due to the fact the Iowa Caucus showed that the Democrats have no chance against Trump in 2020.”
I think that is a very plausible theory. It certainly shows that investors are not awaiting a Democratic savior with baited breath.
I’m thinking the market pause, minor pull-back was on impeachment uncertainty. Not the coming acquittal, but whether it would drag out for months with witnesses and nonsense. Once that was decided, the market is convinced our President is on track for re-election, and that is a happy market.
I’m not buying any beer-virus connection as the news from China is not good and is giving no reason for a rally, in my humble opinion. Unless it is thinking less imports from China is good and means more profits for US companies, somehow. Macau gambling 2-week shutdown does not sound like good news on the virus front to me.
I have been in TSLA options for three days. I just got out.
This is not about cars being seen out of the mainstream.
This is something way beyond that.
Pretty sure this is about China and their funds.
And they can just as easily pull the rug when they buy up some Puts.
The amounts of money China is pouring into the market is staggering.
And as usual, the US market is acting like there’s no other place in the world to put money. And that could well be the most rational thing the market is doing.
Many Chinese are faced with a simple dilemma: They keep their money onshore, they could lose it all. They invest in US stocks, they could undergo perhaps a 20% correction, perhaps even a 50% correction.
Which is the better choice?
Nothing makes the “virus of doom society” cry more than the world not collasping into the fetal position that they have.
*No, I’m am not saying that this thing is frivolous, just that it isnt like the plot of some movie you watched 200 times.*
Besides, I’ve yet to read anything from any of them where they divested all of their money, and abandoned their homes to live in the woods.
The stock market responds to Trump’s Iowa victory!
I live in a town of 7000 and we have 3 I see running around here.
When the market went down late last week everyone said it was because of the beervirus. I thought: No it was that the Bolton “leak” might cause the witness thing and the impeachment BS would drag on for months. The market started to rebound yesterday after the no witness vote. I am a retired IT guy how come I can see what all these experts can’t or is it more sinister?
Is the stock market going to go up or down?
Yes.
Don’t think they’re allowed to tell the truth.
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