Posted on 04/09/2020 6:21:54 PM PDT by E. Pluribus Unum
The bulls broke loose in financial markets this week and gored the coronavirus.
The Dow Jones Industrial Average rose a mild 1.2 percent on Thursday, bringing its weekly gain to around 12.7 percent. That makes it one of the best weeks ever for the blue-chip index.
The S&P 500 climbed 1.45 percent for a weekly surge of 12.1 percent. That is the best week for the S&P since 1974. The Nasdaq’s 0.77 percent gain brings the week to 10.6 percent, the best week since 2009.
The Russell 2000 soared 4.62 percent on Thursday for a weekly gain of 18.5 percent.
Oil had a wild ride. Brent crude jumped up to 12 percent higher in the morning, only to fall all the way back to close down 2.71 percent for the day.
American stocks will be closed for Good Friday tomorrow.
(Excerpt) Read more at breitbart.com ...
Sooo... what are the closing numbers?
Thank the lord for Texas
Our Governor better open the state “early”.
Link below is saying 4 to 8 more weeks.
By then there may well be only burning cities and that website showing the USA population as 100 million in 2025 may be correct.
https://youtu.be/75fc8H8mb6k?t=171
I’m in CCL for I think 13. Figured what the heck. Be fun to be right for a change.
I’ve bot some oil plays....and some others...
“After the worst month in 100 years, that’s not much of a comfort.
We were edging 30,000 in the DJIA, then dropped to the high 1,800s in 14 day’s time. We’re now back to edging 24,000.
Keep you investments where they are, when this is over, BOOM! This boom will put this in the rear view mirror as we head right into the election.
If Trump capitalized on ANYTHING during this, it was to allow the ‘experts’ to tell us 2.1 million people were going to die.
We’re at 16,000 people, and this week was gonna be the week of death!
So either the ‘experts’ were wrong, or Trump is managing this pandemic like a boss!
This economy is chomping at the bit!
Biden-who? Bernie-who? See ya in November!
CBRL Baby!
hahahah ... I went Airline (w/Boeing too) and was Cruise and Oil, but ultimately dropped the cruise with not quite enough confidence that Trump would ensure they survived. I think the US based ones will be fine though. Of course the more the risk, the more the reward, and that's the rub. Would have loved to have kept NCLH but ... I just couldn't quite justify it as something other than pure gamble.
Couple others for fun. I think it's possible we haven't hit bottom, but I think we probably have, and that's about all you can rely on w/out total insider info.
If you can afford to lose what you put in, then it's a great time to put in, but for those who haven't -> one could argue the market was way overvalued before this happened, and it may be a while before it gets back to where it was. OR it might get back and blow right through it especially on a re-election. OR maybe there will be concern over too many printing presses running so gold is smart ... but Gold hasn't done what it should do after the stimulus we just saw.
Mr. Market is a wily one, especially these days.
People buy tickets on airplanes for many, many more reasons than they buy tickets on a cruise ship.
Another reason to buy airline stock and not cruise ship stocks.
I’m comforted that it has already regained about 50% of the losses even as things are still shut down.
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