Posted on 04/14/2020 10:43:20 AM PDT by knighthawk
U.S. equity markets rallied Tuesday as some of the country’s biggest banks kicked off earnings season.
The Dow Jones Industrial Average gained 596 points, or 2.6 percent, while the S&P 500 rose 2.5 percent.
The Nasdaq Composite surged 2.9 percent, on track to leave its bear market and stretch its winning streak to four days, the longest since February. The index must close higher by at least 40.38 points to officially exit.
(Excerpt) Read more at foxbusiness.com ...
The stock market is like a committed virgin: inscrutable.
Actual as of 1:47 EDT: 23,953.64
I mean, they do not give the index values in the article text, only in a linked chart.
First thing I thought of as well.
Puck big business while we all get raped by the insanity and crass politics of our leaders
Stock market right now has shite to do with earnings or PPS or P/E ratios
It’s about the news and furture
And what triggers algorithms to buy or sell for hedge funds
The rest of us are just pilot fish
Only real adjuster outside that is oil prices and other political news besides Big Flu
Looks like the Dow crossed above 24,000 this morning.
Dang it!
I missed my opportunity to buy cheap and now my targeted stock is $17 higher and climbing.
OTOH, the big banks aren’t having that great a day.
“Buy on mystery, sell on history.” — Paul Kangas
Oddly, I haven’t been able to get Vanguard to complete a purchase and buy order for my IRA I put in last Thursday.
It’s always reporting on what’s happening today.
Rarely any context.
Then some kind of made up reason for the day’s action.
See the year to date graphs...there is that V shaped recovery that the Donald talks about.
wait a month or two...it’ll be 12
That’s nice, but the average unemployed hairdresser or carpenter really doesn’t give a rat’s arse about Wall Street.
Open us up, Mr. President.
Wait until the next quarterly earnings reports.
if trump is ready to jumpstart the economy back to normal, then leakers would leak, and the first public signal might then be be a surge in stock prices... (WAG)
I miss him.
So many things.
And out of my own sense of principle, I just would never invest in banks.
Yes me too, here in Canada. Bought a grocery and sold it for a small profit 3 days later. Was looking at Manulife financial as my next buy but it leaped out of contention. The markets are purely insane and anyone who says the equity markets are immune to emotion are out to lunch.
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